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Started By
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re: Student Loan Payment Pause and Moratorium on Evictions Extended
Posted on 1/21/21 at 10:59 am to Ronaldo Burgundiaz
Posted on 1/21/21 at 10:59 am to Ronaldo Burgundiaz
Shame you don't hear more about this.........
0
Posted on 1/21/21 at 11:02 am to mmmmmbeeer
quote:
There's been an eviction ban since March of '20, so let's not pretend the sky is suddenly falling.
That's like saying bruh you haven't eaten in 5 days... Why are you worried about starving on day 6.
Posted on 1/21/21 at 11:12 am to goofball
I'm not gonna say I'm not happy about being able to put off putting money towards my student loans.
But geez, what about landlords. Have they been able to collect any money during this time. Many people are honest and will pay their rent no matter what. But there's also many many people who make a living off of trying to scam or beat the system. I feel for the landlord who's tenant hasn't paid rent in 6 months...
But geez, what about landlords. Have they been able to collect any money during this time. Many people are honest and will pay their rent no matter what. But there's also many many people who make a living off of trying to scam or beat the system. I feel for the landlord who's tenant hasn't paid rent in 6 months...
Posted on 1/21/21 at 11:28 am to Epic Cajun
quote:Goes both ways. Why is it "fair" people "trying to better their lives" make money off the backs of lenders and taxpayers?
IMO, this is the only "fair" answer to the current student loan problem. Just waive interest, but principle must be paid back. As a country we shouldn't be trying to make money off of people who are trying to better their lives.
Posted on 1/21/21 at 11:46 am to goofball
The obvious play here is to park your normal student loan payment somewhere that’ll give you a safe/decent rate of return (e.g. CDs), right?
If I have a lump sum that could knock out my entire loan sitting in an account, shouldn’t I just wait to see if/when the moratorium ends? I mean, I don’t see a reason to give the government my money any sooner than I have to.
If I have a lump sum that could knock out my entire loan sitting in an account, shouldn’t I just wait to see if/when the moratorium ends? I mean, I don’t see a reason to give the government my money any sooner than I have to.
Posted on 1/21/21 at 12:22 pm to LSU316
"It's gonna be funny when all these people that pay interest on their student loans see the interest that they paid that normally translates into a tax credit of $2500 go down to about $200 since they only paid interest in two months of 2020."
Isn't the standard deduction like $12,000 per person?
Isn't the standard deduction like $12,000 per person?
Posted on 1/21/21 at 1:40 pm to Taxing Authority
quote:
Goes both ways. Why is it "fair" people "trying to better their lives" make money off the backs of lenders and taxpayers?
I'm just attempting to compromise. My wife and I have 4 degrees between the two of us and used zero student loans. But at the same time, I know that not everyone is as fortunate as we are (we used TOPS for undergrad and paid as we went for our graduate degrees). If we could figure out a system that allows for people to go to college who can't afford it, and not cripple them financially for the foreseeable future in the process, I think it would be good for all.
The current system doesn't make sense. A system of free college for all doesn't make sense. We need something that falls between those two.
Posted on 1/21/21 at 1:51 pm to LSU316
quote:
It's gonna be funny when all these people that pay interest on their student loans see the interest that they paid that normally translates into a tax credit of $2500 go down to about $200 since they only paid interest in two months of 2020.
What's going to be REALLY funny is when all those people who got that $600/week unemployment so they could be lazy at home go to file their taxes and find out they didn't withhold any taxes while receiving those payments and end up owing a crap ton of money that they don't have to the IRS.
Posted on 1/21/21 at 1:53 pm to Dire Wolf
quote:
It’s what love for landlords is trolling for, just go to Reddit search landlord and you will run across threads that full the biggest morons out there.
I did just that and WOW. I went down a whole rabbit whole on that one and some other threads. I don't think I can ever make a reddit account after reading all that. The amount of people who genuinely believe that being a landlord and renting out houses should be illegal is mind-boggling to me.
Some of these people brah about having zero motivation to work or to have a career at all. They have zero motivation to go to college, learn a trade, start a business, etc. But then they turn around and complain about being broke and underpaid, complain about struggling to pay rent, etc.
Posted on 1/21/21 at 3:01 pm to goofball
quote:Why should people who’ve worked this entire time with really high and sometimes overpaid salaries get free student loans?
would even be okay with forgiving some loans to first responders (nurses, doctors, etc.) in this "war on Covid".
Posted on 1/21/21 at 3:08 pm to Gee Grenouille
quote:
Isn't the standard deduction like $12,000 per person?
It is $12,400 for individuals; Student loan interest is not an "itemized deduction" but rather an "adjustment to income" in determining taxable income.
Student loan interest deduction is capped at $2,500 and subject to limitations based on adjusted gross income.
That's enough CPA jargon for now.
This post was edited on 1/21/21 at 3:13 pm
Posted on 1/21/21 at 3:11 pm to WaterLink
quote:
What's going to be REALLY funny is when all those people who got that $600/week unemployment so they could be lazy at home go to file their taxes and find out they didn't withhold any taxes while receiving those payments and end up owing a crap ton of money that they don't have to the IRS.
What do you put the over / under for that? 50%?
Posted on 1/21/21 at 3:31 pm to fleurdelis
quote:
This is my question. If the federal government wants to extend the moratorium on loans that they back, that is fine. But what about property owners that aren’t receiving rent payments and are forced to allow the tenants to remain? Will they get any kind of federal assistance?
Just so we’re clear, that’s not a federal policy/problem.
In other words, the federal government isn’t preventing you from kicking out your tenant, to my knowledge.
Posted on 1/21/21 at 3:35 pm to Jcorye1
I see Spleen and mmmmmcum have been here to drop some poorly thought out takes.
Posted on 1/21/21 at 3:37 pm to goofball
Good. Bring the economic pain. Only pain will save America now.
Posted on 1/21/21 at 3:44 pm to goofball
quote:
During his campaign, Mr. Biden proposed forgiving $10,000 in debt for every American with federal student loans. In recent days, Mr. Biden and his transition team said he was unlikely to use executive action for loan forgiveness.
I would never be in favor of that kind of policy, but that exemplifies Joe Biden and the vast majority of every slimy politician. Promise the world during the campaign and immediately reverse course after collecting votes from the people the promise was made to.
And millions upon millions of people believed he would forgive $10k worth of student loan debt for them because he said so. Now, they won't say a word since he has reneged on it. So stupid.
Posted on 1/21/21 at 3:45 pm to IAmNERD
Same with these $2k checks now being $1.4K
I mean I never really expected any different. He’s a politician. They lie. Just having a D by his name doesn’t change that. It’ll be the same as the lie that if you make under $400k a year that your taxes won’t increase.
You know what else won’t change the next four years (other than media portrayal)? The police.
I mean I never really expected any different. He’s a politician. They lie. Just having a D by his name doesn’t change that. It’ll be the same as the lie that if you make under $400k a year that your taxes won’t increase.
You know what else won’t change the next four years (other than media portrayal)? The police.
This post was edited on 1/21/21 at 3:49 pm
Posted on 1/21/21 at 4:01 pm to tylercsbn9
Yep. Like I said, I would never support forgiving that kind of debt. This doesn't affect me because my student loans have been paid off for a while now, but debt is debt. You run it up, you pay it off.
It's just crazy that politicians get away with saying this kind of stuff and aren't held accountable when they don't follow through. Just taking the example that I quoted in my previous post, he didn't even try to fulfill his campaign promise. It's not like a Republican House or Senate shot it down. He just isn't gonna do what he said.
Then you have people stupid enough to believe that he was gonna forgive $10k of their student debt and have already blown out that money somewhere else. Now they're gonna be really pissed off that the government isn't bailing them out on that dumbass decision.
It is just pretty frustrating watching politics these days. The shite is insane.
It's just crazy that politicians get away with saying this kind of stuff and aren't held accountable when they don't follow through. Just taking the example that I quoted in my previous post, he didn't even try to fulfill his campaign promise. It's not like a Republican House or Senate shot it down. He just isn't gonna do what he said.
Then you have people stupid enough to believe that he was gonna forgive $10k of their student debt and have already blown out that money somewhere else. Now they're gonna be really pissed off that the government isn't bailing them out on that dumbass decision.
It is just pretty frustrating watching politics these days. The shite is insane.
Posted on 1/21/21 at 4:04 pm to tylercsbn9
way way way over
Posted on 1/21/21 at 8:32 pm to Sneaky__Sally
Tell this to Navient. I still have to pay them every month like usual.
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