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1
Posted on 6/23/23 at 12:23 pm to Bard
Do you feel the same way about PPP LOANS?
Posted on 6/23/23 at 12:24 pm to Tortious
quote:
Student loan payments set to resume no later than next election cycle
Fixed your title.
Reminder that it was the Trump administration that ordered this pause on student loan payments during his reelection campaign.
Posted on 6/23/23 at 12:26 pm to Pelican fan99
quote:
Won't happen. How many times will you baws fall for this they aren't letting these restart
This time is different. It was part of the debt ceiling deal.
Posted on 6/23/23 at 12:27 pm to danilo
quote:
Jessica Musselwhite took on about $65,000 in loans to finance a master’s degree in arts administration and nonprofit management, which she finished in 2006. When she found a job related to her field, it paid $26,500 annually. Her $650 monthly student loan installments consumed half her take-home pay.
It's legitimately difficult for me to imagine a person I have less sympathy for.
Posted on 6/23/23 at 12:28 pm to TooFyeToFly
quote:
Reminder that it was the Trump administration that ordered this pause on student loan payments during his reelection campaign.
Wasn't trying to say only a Democrat thing - meant that the "repayment start" is now an election tool.
Posted on 6/23/23 at 12:29 pm to DakIsNoLB
Going to say it every time:
Schools should get funded from PAID loans.
Watch how things change. Watch them stop taking prepaid money for worthless degrees.
Schools should get funded from PAID loans.
Watch how things change. Watch them stop taking prepaid money for worthless degrees.
Posted on 6/23/23 at 12:29 pm to Pelican fan99
quote:nope. it's starting
Won't happen. How many times will you baws fall for this they aren't letting these restart
i could see the biden admin trying to use some executive orders to try and "soften the blow" somehow.
Posted on 6/23/23 at 12:31 pm to GreatLakesTiger24
I'd be shocked if it actually happens. I'm sure they will find some loophole to keep it going
Posted on 6/23/23 at 12:36 pm to DakIsNoLB
You fools think Biden is going to allow student loan repayments to start one year out from election???
Posted on 6/23/23 at 12:37 pm to Horsemeat
quote:
Government should have spent a fraction of time reforming the student loan industry by getting themselves out of the game with guaranteed loans/no collateral and capping interest rates to make it easier to pay these loans back, but what do I know. Chances are tuition rates would nosedive if that happened so the state governments that want debt slaves would resist that to no end - tenured professors like their new offices and obnoxious waste that's prevalent like statues, fountains, and new buildings.
I would restrict loan forgiveness to needs based and if the student qualifies the money is recouped from the school.
That will punish schools with high tuition and bogus majors, by sticking them with the cost of worthless degrees.
Posted on 6/23/23 at 12:39 pm to CootDisCootDat
Personal finance and us govt classes should be mandatory for HS seniors.
IDIOTIC, but the government loves leaches.
IDIOTIC, but the government loves leaches.
Posted on 6/23/23 at 12:41 pm to Smeg
quote:
master’s degree in arts administration and nonprofit management
But...but...the work she does is SO noble.
Posted on 6/23/23 at 12:41 pm to Lawyered
quote:
Regardless, ending the pause is going to constrain spending for millions of families. For Dan and Beth McConnell of Houston, who have $143,000 left to pay in loans for their two daughters’ undergraduate educations, the implications are stark. The pause in their monthly payments was especially helpful when Mr. McConnell, 61, was laid off as a marine geologist in late 2021. He’s doing some consulting work but doubts he’ll replace his prior income.
That could mean dropping long-term care insurance, or digging into retirement accounts, when $1,700 monthly payments start up in the fall. “This is the brick through the window that’s breaking the retirement plans,” Mr. McConnell said.
These people are idiots and their kids should be paying those loans
You can take out loans for school but not for your retirement. You can only help others from a position of strength.
Posted on 6/23/23 at 12:42 pm to theronswanson
quote:
Probably will be more delays on the way
Nope. The debt ceiling codified that student loan repayment starts no later than August 30.
We’ll see
Supreme Court will make decision soon
Posted on 6/23/23 at 12:43 pm to Smeg
She was a victim of “follow your passion.”
Posted on 6/23/23 at 1:13 pm to JackieTreehorn
quote:
I’m almost positive the millions of folks who voted democrat simply for student loan forgiveness will consider other party candidates. Positive. They are brilliant scholars.
Wrong. Dems will frame this as Republicans restarted your payment pain and rejected anything to help.
In fact it might send more young folks to the Democrats.
Posted on 6/23/23 at 1:38 pm to DakIsNoLB
some extraordinarily unchristian sentiments being expressed in this thread
Posted on 6/23/23 at 1:40 pm to danilo
quote:
$65,000 in loans to finance a master’s degree in arts administration and nonprofit management
Wife got nearly this exact same degree (public admin vs art, with the nonprofit focus), for $13,000. Never would have even considered it for $65k
Posted on 6/23/23 at 1:42 pm to Bestbank Tiger
quote:
restrict loan forgiveness to needs based
No. frick no.
I get fricked because I got a good degree and a good job? frick that. Forgive mine and hold it over the people who never had any intention of paying theirs back.
And refund me for paying mine down early as well.
frick this shite and frick rewarding people for sucking at life.
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