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re: Reports indicate that the White House may extend the freeze on student loan payments again
Posted on 3/10/22 at 9:02 am to Bottom9
Posted on 3/10/22 at 9:02 am to Bottom9
Yep.
Just pay the debt. I wonder what the dollar value of worrying about if student loan debt will be forgiven for 4 years straight is.
I borrowed the money, I'll pay. If they get forgiven, cool. If not, cool.
My friend got out of his master's program 3-4 years ago and probably a third of every time we talk on the phone he mentions his student loan debt and how he read some article about how they are about to be forgiven and that he hopes so because he is stressed about it.
Just pay the debt and stop worrying.
Just pay the debt. I wonder what the dollar value of worrying about if student loan debt will be forgiven for 4 years straight is.
I borrowed the money, I'll pay. If they get forgiven, cool. If not, cool.
My friend got out of his master's program 3-4 years ago and probably a third of every time we talk on the phone he mentions his student loan debt and how he read some article about how they are about to be forgiven and that he hopes so because he is stressed about it.
Just pay the debt and stop worrying.
This post was edited on 3/10/22 at 9:03 am
0
Posted on 3/10/22 at 9:03 am to Bottom9
quote:
I do lol at the people who haven't paid a single loan while it has been in deferment tho.
Why are you laughing? It’s the correct move.
Even with the current meltdown in the market I am way ahead of where I would be if I paid down the loans instead of investing. I haven’t paid a dime towards student loans since the pause began and I won’t pay a dime until the pause ends.
Posted on 3/10/22 at 9:04 am to Bottom9
quote:
$223k down to $180k
quote:
I do lol at the people who haven't paid a single loan while it has been in deferment tho.
I suppose it makes sense because your loans are so much...but why would anyone with a lower amount pay it off when there's even the possibility of forgiveness?
Might as well invest more money in the meantime and wait to see what happens. They are certainly not incentivized to pay down the student loan.
This post was edited on 3/10/22 at 9:05 am
Posted on 3/10/22 at 9:04 am to member12
My:
House - paid off
Truck - paid off
Student loans - none - I worked through college
taxes - sky high
how is this fair to people that live responsibly?
House - paid off
Truck - paid off
Student loans - none - I worked through college
taxes - sky high
how is this fair to people that live responsibly?
This post was edited on 3/10/22 at 9:05 am
Posted on 3/10/22 at 9:05 am to DeathValley85
The people on IBR/PAYE/REPAYE and PSLF have no reason to pay either because these months of non-payment are counting towards forgiveness in all of those programs.
At this point 2 years towards 10 years in PSLF, 20% of the time, hasn't required payment. Making payments is a dumb move.
At this point 2 years towards 10 years in PSLF, 20% of the time, hasn't required payment. Making payments is a dumb move.
This post was edited on 3/10/22 at 9:06 am
Posted on 3/10/22 at 9:05 am to DownshiftAndFloorIt
quote:
And the threshold will basically be employed=privledged=pay your shite back
Yeah they'll cap it based on income so that people who took out large loans and then actually used their education to be productive in society don't get rewarded. This country is a clown car
Posted on 3/10/22 at 9:07 am to member12
quote:
Dozens of progressive Democrats have called on Biden to cancel up to $50,000 per borrower.
Can we do that with mortgages and car payments, and other things people are buying and agreeing to?
Posted on 3/10/22 at 9:07 am to DeathValley85
quote:
Might as well invest more money in the meantime and wait to see what happens. They are certainly not incentivized to pay down the student loan.
I think the main gripe is not with those who are looking at it from a perspective of "what makes the most financial sense?". I think the aggravation comes from those who are stressed about it and feel entitled to forgiveness based on nothing more than their feeling that they've been ripped off.
Posted on 3/10/22 at 9:07 am to JohnnyKilroy
quote:
Even with the current meltdown in the market I am way ahead of where I would be if I paid down the loans instead of investing. I haven’t paid a dime towards student loans since the pause began and I won’t pay a dime until the pause ends.
We only have a small piece of one loan left, and we did the same. TBH it goes against my nature (I'd like to just get it done with), but the government never gives us anything so we're taking it almost in protest
Posted on 3/10/22 at 9:08 am to cable
quote:
how is this fair to people that live responsibly?
The left wing doesn't give a damn about that. They want free shite and they don't give a rip about who gets taken advantage of and ripped off in the process
Posted on 3/10/22 at 9:09 am to cable
quote:
My:
House - paid off
Truck - paid off
Student loans - none - I worked through college
taxes - sky high
how is this fair to people that live responsibly?
People like you need to start paying their fair share
Posted on 3/10/22 at 9:10 am to cable
quote:
how is this fair to people that live responsibly?
You filthy responsible debt and taxpayers need to be punished.
This type of thing is sheer lunacy by the left.
Posted on 3/10/22 at 9:16 am to kywildcatfanone
quote:
Can we do that with mortgages and car payments, and other things people are buying and agreeing to?
Can I get back the $250k in mortgage payments I made over the last 15 years while still paying my taxes? While we're at it, can I get those taxes back too?
Posted on 3/10/22 at 9:17 am to member12
quote:
extend the freeze on student loan payments
Hopped up off tha bed,
Turn ma swag on,
Took a look in tha mirror said wassup
Yeeeeea I'm gettin money
Posted on 3/10/22 at 9:21 am to dualed
quote:
I googled it and apparently Navient stopped serving student loans. Whoever they passed mine off to didn’t care to contact me while they’re frozen though.
Try looking into AidVantage and see if they have them. That was where some of my loans were moved to.
Posted on 3/10/22 at 9:51 am to DownshiftAndFloorIt
quote:
quote:
do lol at the people who haven't paid a single loan while it has been in deferment tho.
Why would I pay money on a zero interest debt when inflation is on a moonshot? Would it not be better to pay that money on higher interest debt?
Or save what you would have made for each payment to the side. Then, if it gets forgiven, you get a bonus, or if/when it resumes, make a massive payment so you don't lose out on the interest free portion.
Posted on 3/10/22 at 9:58 am to dualed
Wouldn't it show up on your credit report who you owe the money to?
Posted on 3/10/22 at 10:06 am to Steadyhands
quote:
Even paying the minimum through one of the many repayment plans offered, that won't happen.
Income based repayment plans can definitely have negative amortization
Posted on 3/10/22 at 10:14 am to member12
I never got a pause on my loans, because they aren't owned by the fed gov. But my interest rate is 1.25% so whatever.
My wife (no pics) now qualifies for the public forgiveness as a teacher, so she's applied for that. Her loans have been paused this whole time.
We've been saving the $300/month she was paying.
I don't think they should be forgiven. But if they are, might as well take advantage of it.
My wife (no pics) now qualifies for the public forgiveness as a teacher, so she's applied for that. Her loans have been paused this whole time.
We've been saving the $300/month she was paying.
I don't think they should be forgiven. But if they are, might as well take advantage of it.
This post was edited on 3/10/22 at 10:16 am
Posted on 3/10/22 at 10:22 am to member12
Before my dad passed a few years ago, he told me the damned Democrats would probably pay off the rest of my student loans.
I've paid a good portion, but I'm not gonna bitch if they decide to forgive the rest. Lets be honest, most of you wouldn't bitch if you still owed something.
I do agree that its unfair to those to scrimped for years and paid theirs off the hard way.
I've paid a good portion, but I'm not gonna bitch if they decide to forgive the rest. Lets be honest, most of you wouldn't bitch if you still owed something.
I do agree that its unfair to those to scrimped for years and paid theirs off the hard way.
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