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Posted on 1/15/20 at 2:21 am to Smeg
quote:
What are you paying per month, the absolute minimum? Same thing will happen with a credit card, with any loan.
No
If you pay the minimum payment on a credit card or other loan the amount owed will still go down. It won't go up.
Posted on 1/15/20 at 4:02 am to lsu xman
I want Warren phone
This post was edited on 1/15/20 at 4:03 am
Posted on 1/15/20 at 4:17 am to lsu xman
Paying off student loan debt with tax dollars isn’t about helping citizens, it’s about turning young voters Democrat. When the D party folks sit around their conference tables, they talk about how if they can capture this crucial demographic now those folks will vote D for the next 60 years. Why waste time on voters who only have a couple of voting cycles left, get those long term ones.
ETA. How is it that everyone has managed to forget that this woman got caught in a huge lie about being an Indian? Why has she gotten a free pass?
ETA. How is it that everyone has managed to forget that this woman got caught in a huge lie about being an Indian? Why has she gotten a free pass?
This post was edited on 1/15/20 at 4:26 am
Posted on 1/15/20 at 4:37 am to Smeg
quote:Think about all the people who spent time in jail for pot in Colorado years ago.
Seems unfair to the students who worked hard and paid off their loans.
Posted on 1/15/20 at 4:44 am to lsu xman
This only helps the rich. Its the privileged rich kids who have student loan debt. This does nothing to help the bottom half of society.
Posted on 1/15/20 at 4:47 am to Joshjrn
quote:
As mentioned on this thread, the issue is the interest rate, particularly for graduate students. 7% for an attorney for a debt that can’t be discharged in bankruptcy is just silly. I’ve paid over $30k towards my loans and my balance is higher today than when I graduated.
And what is your excuse for not refinancing them?
And a better one is what all did you borrow money for that was not tuition?
Step one in ending this charade is stop giving loans for more than tuition, no more cars, rental houses or fun money.
Posted on 1/15/20 at 5:36 am to lsu xman
At the end of the day it will make it harder for people who need to borrow money to go to school to borrow it.
We all will end up paying it back in the form of higher taxes.
We all will end up paying it back in the form of higher taxes.
Posted on 1/15/20 at 5:57 am to johnnyrocket
Elizabeth Warren AKA Pocahontas is doing nothing more than pandering to the instant gratification persona looking for votes. There are so many unintended consequences with this idea that it will never happen when the grown ups need to be involved should she ever sniff the White House.
Posted on 1/15/20 at 6:22 am to Smeg
Sometimes I don’t read this board for a few days and I forget how retarded Mr. Perfect is.
Posted on 1/15/20 at 6:27 am to Mr Perfect
quote:
where were you to whine about auto bailout or banker bailout?
didn't hear a peep from your arse then did we..
the auto bailout was lambasted on here brother
Posted on 1/15/20 at 6:28 am to GregMaddux
quote:
for about 95% of student borrowers
quote:
Sup with the 5 percent of people getting fricked
White males ain't getting shite from Pocahontas
Posted on 1/15/20 at 6:38 am to Smeg
quote:
Seems unfair to the students who worked hard and paid off their loans
White privilege has consequences
Posted on 1/15/20 at 6:41 am to lsu xman
Can she cancel my SBA loan from Katrina?
Posted on 1/15/20 at 6:42 am to lsu xman
If she offers this to me, of course I'll take it. I just worry about the effect this would have on already sky-high tuition.
Posted on 1/15/20 at 6:45 am to Joshjrn
quote:
As mentioned on this thread, the issue is the interest rate, particularly for graduate students. 7% for an attorney for a debt that can’t be discharged in bankruptcy is just silly. I’ve paid over $30k towards my loans and my balance is higher today than when I graduated.
Did you not read the loan agreement? Why aren’t you making a payment that is enough to cover the interest due?
If you’ve paid over $30k @ 7% and haven’t reduced your principal, you took out a shite-ton of loans and received a very poor education in return.
That’s not my problem as a tax payer.
Posted on 1/15/20 at 6:48 am to lsu xman
I wish we could cancel all consequences in life.
Posted on 1/15/20 at 6:54 am to lsu xman
I still have a sizable student loan, but even washing that debt will not get me to vote for that crazy bitch.
Posted on 1/15/20 at 6:56 am to TDsngumbo
quote:And I would expect a check for the roughly 60k that I paid out of pocket, without taking out a loan
I would expect a check for the roughly $15,000 that I paid off three years after graduating then.
Posted on 1/15/20 at 7:16 am to Epic Cajun
quote:
Why not just make the interest rates for student loans capped at 1-2%? Total forgiveness is dumb and I’m saying this knowing I would benefit greatly from the 50k forgiveness. I also wonder is that includes those people who refinanced or consolidated their loans through a private company.
This right here. I had 90K in student loan debt after grad school. Took a job with a contract that paid 50k towards my student loans. After paying on my student loans for 3 years with that 50K, My loan debt was 70k. The interest is crazy. Make it where you can actually pay it off, and not break it off in the arse of those in debt and this problem could be solved.
I am NOTin favor of cancelling student loan debt. I believe if you borrowed it, you should pay it off, but make it where it can be paid off realistically.
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