re: Happy Student Loan Payments Resume After a 3-Year Pause month

Don’t forget to tip your landlord this month…they’ve been working hard

Another bad comparison but I am the landlord on a few. I'll gladly take a tip if my tenants want to give it to me.

Paid back over 150 grand. I’ve served my time so no sympathy from this hombre.

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I didn’t mention a political party.

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because they're not really conservatives?

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40 million Americans are on the hook for a monthly bill they haven’t needed to make in more than three years

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1. The debt never went away, so it was short sighted for anyone to bank on it being gone.
2. There were a few options to work it to one's advantage:
a. Make payments any way, interest free. 3 years of hitting the principal only is a big deal. Also, the fed had a provision for refunding payments made up to the forgiveness amount, so there wasn't much to lose here.
b. Save your payments in a high yield savings account then dump that whole balance as a lump sum payment against your loan balance.
3. Nothing wrong with comparing your loan balance with the proposed forgiveness amount and planning accordingly, especially if you know you can knock out the balance should forgiveness not happen.
4. Sadly, people were dumb anyway. There were many with balances that were at least 2x the max forgiveness and yet they treated the pause as a bill they did not have to worry about. They ignored this at their own risk.
5. No, the core issue of the cost of a college education has not been addressed and likely will not. It's hard pill for the masses to swallow that not everybody should go to college and, of those who do, many will not a get a degree worth the paper it's printed on.

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for clarification, I'm not upset about paying back money I owe. I'm upset with how much my wife owes.

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same. her family made not great financial decisions, including letting her and her brother go to private universities they couldnt afford to get almost useless degrees that they'll never fully use.

The real bitch is that in the meantime the cost living has nearly doubled in many places. That resumption of payments will hit much harder than before CoVID.

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This. Take care of our own issues.

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A large portion of current inflation is due to out of control consumer spending. This student loan break has just exacerbated it.

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Why should I have to? This site loves Trump and he's dodged millions and millions in debt. It's a fair question.

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He said publicly he takes advantage of all the loopholes available to him. Take whichever ones you can find. You have my blessing in that endeavor.