re: Many student loan borrowers are in for a big, bad surprise in 2025

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Take it out of the foreign aid pool, and pay the student debt.

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I hope DOGE can deliver

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uh, no

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The tax payers are already paying the money. The money is already there. You don’t have a problem with all this foreign aid?

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To be that close and to have this happen is friggin’ brutal! I am so sorry!

You hit on a really good point in that there’s really no way to make what feels like a good decision. We’re all just going off of assumptions and guesses because we have no information and it sucks. Especially if PSLF is factoring into career move decisions like you said.

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Just checked: the portal says 15 payments left; with buyback starting in June, that would be another 7 months worth of credit, leaving me with 10 months and counting. Yay...

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forgive more loans in January

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How can he forgive some but not all.


Let me guess the DEI borrowers get the first money.



So the white male is last in line

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Biden just announced today that as part of his last 40 days he is going to forgive more loans in January

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Why stop there? If Biden can, with the stoke of his pen, wipe away student loan debt, then why not do the same with medical debt? Or mortgage debt? Credit card debt?

Why is student loan debt special?

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If you have student debt, pay your debt.

This is not a good example to set for young people.

shite isnt free, and it never will be. Man/woman up or dont enter the game and bow out and do the bare minimum.

Either way you shouldnt be rewarded for not paying your debt.

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Going through PSLF is paying the debt you agreed to pay. They are being "rewarded' for doing exactly what they agreed to do when they took out the loan.

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This is not a good example to set for young people.

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The rationale used by Democrats is that 18-19 year olds who take out student loans can’t comprehend the long term ramifications of what they’re getting into, while also claiming that 10 year olds can consent to gender reassignment procedures.

It was the dumbest frickin' thing in the world. I had to watch people I know, supposedly college educated according to their degree and the loan money spent to get it, approach the payment pause as if the bill was gone. They proceeded to increase their spending and take on more financial liabilities, then act shocked the bill came back. Worse still, they owed more than $10k that was floated for debt forgiveness.

Yet a lot of these are the people that believe they are among the enlightened who know what's best for our country. The math and mathin' on that.

ETA: these intelligent people were not smart enough to realize the immense value of having an interest free loan for almost 2 years. Every dollar would have gone to principle and would have eased their future burden once the loans started up again.

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I just don't like the fact I worked to obtain scholarships to cover my education and most of these folks either didn't apply themselves enough in high school (and more than likely they did not apply themselves in college either) but now their education just became free by using our tax dollars.

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It wasn't free. They had to pay some portion of their (below market) income for 10 years.

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I am just jelly. It would've been nice to know many years ago so I could've taken out loans to pay for many things not school related just to be forgiven by Snowy Joey.

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You are jealous about a scenario that does not exist.


If you want to work in some shite-paying public sector job for 10 years to get your balance paid off (after you've already been paying every month for 10 years) then you can do that.

The scenario where people just frick around in college and then have their debt wiped out shortly thereafter by the stroke of Biden's pen a figment of your imagination.

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Here’s another novel idea: have better systems in place to guide students realistically as to what they’re getting into by taking out these loans

I consider myself fairly intelligent, and I am paying back my college and dental school loans, but I’ll be honest, I had no idea the monthly financial burden that would put on me and my family. Maybe that falls on my parents for not better explaining, or myself for not seeking more information when taking the loans out (focused on exams, etc at the time and all of the loan stuff was foreign to me and seemed secondary in priority at the time). Or maybe we didn’t get enough financial and business acumen in high school. Whatever it is, I have a good career and it is stressful as hell for me. Can’t imagine the ones who took out huge loans to get a history degree.

All that said, MAGA

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It should fall on our parents, but, unfortunately, many of them aren't great at finances. It wasn't until the 2008 recession that I realized my parents didn't know what they were doing; they could have but didn't have any emergency savings. Luckily, I was naturally debt averse and got my engineering degree with minimal debt. I helped them as much as I could, but they lost their house anyway.

Colleges and lenders need to approach degrees like banks approach business loans: heavily underwritten and vetted. Good HS GPA, degree that will pay, and continued good academic standing would secure the loan. Any of that goes the wrong way, cut it off. A lot of this financial heartache and headache would go away if they would be willing to properly vet and counsel students.