- My Forums
- Tiger Rant
- LSU Recruiting
- SEC Rant
- Saints Talk
- Pelicans Talk
- More Sports Board
- Fantasy Sports
- Golf Board
- Soccer Board
- O-T Lounge
- Tech Board
- Home/Garden Board
- Outdoor Board
- Health/Fitness Board
- Movie/TV Board
- Book Board
- Music Board
- Political Talk
- Money Talk
- Fark Board
- Gaming Board
- Travel Board
- Food/Drink Board
- Ticket Exchange
- TD Help Board
Customize My Forums- View All Forums
- Show Left Links
- Topic Sort Options
- Trending Topics
- Recent Topics
- Active Topics
Started By
Message
re: Student Loan Extended (Again)!
Posted on 4/7/22 at 10:18 am to fallguy_1978
Posted on 4/7/22 at 10:18 am to fallguy_1978
quote:
never took any loans. What do I get?
You mean you can't feel it up your arse?
You must have been paying taxes for a while now.
0
Posted on 4/7/22 at 10:21 am to OceanMan
quote:I'm sorry, but you're sitting here assuming I'm taking a handout. I've been paying off my student loans since the start of COVID moratoriums the same way I was paying them before. The good thing about this (in my particular case) is that the interest is at 0% (arguably the way it should be, but that's another conversation). Now I'm paying entirely on principal and will finish out paying my loans back 2 years earlier than originally anticipated.
You may be fine with taking the handout, but understanding that you will be transferring your debt to others should be part of that rationalization, and they have every right to criticize the ability for you to make that decision.
I'm not sitting at home with my thumb up my arse not paying my loans back. But anytime someone states a comment in favor of what's happening with student loans right now, bumfricks all over this board automatically assume I'm not doing shite about my loans and passing the buck to everyone else because I'm irresponsible. It's tired
Posted on 4/7/22 at 10:22 am to alajones
quote:
TOPS alone usually does not come close to paying tuition and fees.
Maybe at the lowest levels it doesn't but if you get above a 25 on the ACT and like a 3.5 it covers almost everything. Most schools in the state will throw in extra scholarship money. Between TOPS and SLU scholarships I was making money to go to Southeastern.
People with loans from undergrad are idiots.
Posted on 4/7/22 at 10:22 am to BOZ4LSU
Loans are gonna become obsolete
Posted on 4/7/22 at 10:29 am to Byron Bojangles III
quote:
School should be free.
Nothing is free.
quote:
Society should want as many educated people as possible
Yet here we are, with “educated” people clamoring to get their loans forgiven because they supposedly didn’t get the return on the investment they hoped when they signed the promissory note.
Posted on 4/7/22 at 10:31 am to OceanMan
quote:
Yet here we are, with “educated” people clamoring to get their loans forgiven because they supposedly didn’t get the return on the investment they hoped when they signed the promissory note.
oops?
Posted on 4/7/22 at 10:42 am to TexasTiger90
quote:
But anytime someone states a comment in favor of what's happening with student loans right now, bumfricks all over this board automatically assume I'm not doing shite about my loans and passing the buck to everyone else because I'm irresponsible. It's tired
This comment makes it look as if you don’t really care what those bumfricks think.
quote:
Eat my dick, if they want to suspend interest and let me pay what I want for however long I want, that's on them.
This comment is inflammatory and makes it seem as if you are perfectly fine with passing the buck.
Posted on 4/7/22 at 10:50 am to OceanMan
quote:Maybe I shouldn't have used that term - it doesn't do anything to further the conversation. However, it doesn't concern me what others think. But it's disingenuous to continue to spout the same tired arguments when clearly that's not always the case (e.g., you're in favor of what's happening with loans = you're not paying your loan and sitting at home doing nothing)
This comment makes it look as if you don’t really care what those bumfricks think.
quote:How is me actually continuing to pay my loan passing the buck?
This comment is inflammatory and makes it seem as if you are perfectly fine with passing the buck.
Posted on 4/7/22 at 10:55 am to jbgleason
quote:
As someone who struggled through and paid my loans off over 10 years. frick EVERY ONE OF YOU GRIFTING frickS.
I struggle to understand why you deserve this when I made my payments.
Good for you, you were able to pay them off. The vast majority of people aren't like you. You shouldn't be directing your anger towards people who can't afford loans that never really go away.
Our generation was told college is the only way, so they went, put themselves into debt, all for a chance at the "American dream." All we've done is straddle an entire generation with inescapable debt. Debt that can't be discharged into bankruptcy thanks to people like Biden. Debt that we've wrapped up into securities and traded like subprime mortgages.
Your anger shouldn't be at the victims of this, it should be with the financial institutions that are making money hand over fist while educated Americans struggle to enter the workforce at the rate they were told they deserved all growing up. Hoarding of wealth by the 1% has been eroding the middle class for 30+ years.
And as long as people like you decide to blame the wrong people, nothing will change.
Posted on 4/7/22 at 10:58 am to OceanMan
quote:
Yet here we are, with “educated” people clamoring to get their loans forgiven because they supposedly didn’t get the return on the investment they hoped when they signed the promissory note.
Investment? It's education.
Why do you people think only the rich should be entitled to education? Especially after telling people for 50 years that college was essentially mandatory to have success in life.
Posted on 4/7/22 at 11:00 am to OceanMan
quote:
Wait what? TOPS is a scholarship that should have minimized or eliminated the need for a loan.
its taxpayer money. not that hard. 'pay for your own education', 'muh handouts'
This post was edited on 4/7/22 at 11:15 am
Posted on 4/7/22 at 11:03 am to TexasTiger90
quote:
How is me actually continuing to pay my loan passing the buck?
The fact that you seem perfectly fine paying the minimum with the expectation of getting it forgiven.
It would be really hard to blame anyone individually for getting their debt extinguished, but your comments seem to be advocating for it.
You may call it a tired argument, but you may very well be telling someone that has already paid the same loan balance as you “eat a dick, I make plenty of money but you have no right to criticize my financial decisions”
quote:
it doesn't concern me what others think
I think it clearly does concern you.
Posted on 4/7/22 at 11:04 am to BOZ4LSU
The rule of law is dead.
Posted on 4/7/22 at 11:05 am to GillGo37
quote:
It’s been great paying them down with the 0% interest. I have a feeling most aren’t taking advantage of this
There’s better use of funds than paying down a zero interest rate loan imho. At the very least hold onto those payments and submit a lump sum just before the pause expires.
This post was edited on 4/7/22 at 11:06 am
Posted on 4/7/22 at 11:05 am to BOZ4LSU
OP is a real POS
Posted on 4/7/22 at 11:07 am to TheAlmightySmash
3-4%. ha
Standard for many is 6.55%+
Standard for many is 6.55%+
Posted on 4/7/22 at 11:09 am to OceanMan
quote:
From a perspective of winners and losers of a government grant/forgivable loan, the roles are indeed flipped. In student loans the winners would be the ones that did not fulfill the contract terms,
quote:
Further, there is work that must be performed to have the PPP debt forgiven, an application process that does not provide compulsory forgiveness.
quote:
is ignoring the criticism of student loan forgiveness, which is not fulfilling the terms of a contract
I see your problem is that you just dont know much about student loans, because you keep spouting nonsense about not fulfilling the contract... but potential leniency is specifically a benefit of federal loans over private loans and IS included in the contract for taking out student loans from the government. you are working from a false premise.
This post was edited on 4/7/22 at 11:12 am
Posted on 4/7/22 at 11:12 am to BOZ4LSU
Student loan repayment should be pre-tax like 401k contributions - make it $20.5k/yr max to match 401ks.
Student loan interest deductions should not have an income cap ($75k/yr) like mortgage interest - make it for up to $750k worth of student loan debt like mortgages.
Student loans should offer a federal refinancing option like mortgages.
I'm generally for the student loan principal to be paid; however, EVERYONE should see the discrepancy in student loan payments verses 401k contributions, mortgage interest deductions, and mortgage refis in terms of options and taxing policy.
Student loan interest deductions should not have an income cap ($75k/yr) like mortgage interest - make it for up to $750k worth of student loan debt like mortgages.
Student loans should offer a federal refinancing option like mortgages.
I'm generally for the student loan principal to be paid; however, EVERYONE should see the discrepancy in student loan payments verses 401k contributions, mortgage interest deductions, and mortgage refis in terms of options and taxing policy.
This post was edited on 4/7/22 at 11:15 am
Posted on 4/7/22 at 11:25 am to TH03
quote:
Investment? It's education.
An investment is something you paid for with the expectation of a future return. Ironically I learned that during my “free” education.
What one does with their time is the only thing that creates value. We are all in control of how we spend our time and bear responsibility
quote:
Why do you people think only the rich should be entitled to education? Especially after telling people for 50 years that college was essentially mandatory to have success in life.
Why do you people try to make this conversation about something that it isn’t? This topic is divided based on whether someone should be expected to honor a contract or not.
But again, here we are with more people saying their education wasn’t worth the cost they agreed to, should be reimbursed, yet think everyone should have the same education. It’s clearly already a bad deal, but everyone should do it?
Posted on 4/7/22 at 11:29 am to OceanMan
quote:You're assuming I'm paying the minimum. I'm not. Never have. In fact, I've increased my monthly payment due to the 0% interest, hence the reason I can pay them off 2 years earlier as I mentioned a few posts back.
The fact that you seem perfectly fine paying the minimum with the expectation of getting it forgiven.
Page 7 of 10
Popular
Back to top
Follow TigerDroppings for LSU Football News