$1.6T Student Debt - No Warning, Just Gone
Comments
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How about the incentive that you signed a contract and borrowed the money now you're on the hook to pay it back. People should pay back the money they are contractually obligated to pay and not one penny less.2001400ex said:
As an incentive to actually pay them down. It's too easy to just let them roll in deferment. As my post indicated.SFGbob said:
Why should your student loan debt be forgiven just because you've paid on time for a number of years?2001400ex said:Oh and I disagree with getting rid of student debt. The only thing I'd support is a system where you pay on time for X number of years and the rest is forgiven. So if your loans are 15 years and you pay on time the first 10, then cool. And you can only have so many months of deferment.
I know a dude who makes about $140k a year, graduated 6 years ago. Came out making $120k. His $150k in loans is still in deferment. Like how does that work? He graduated from wsu so that explains part of it.
Back in the day, my loans, if I made all 12 payments, I'd get a letter every year saying 1% of my loans were forgiven. And my interest rate was reduced under 3% after a couple years.
You shouldn't need an incentive not to be a dead beat. -
My dad was pour so they were federal subsidized loans. He made too much for Pell Grant. I actually paid a chunk of my college at the time which was dumb looking back. I should have maxed out the loans at interest free during college and put the money I was paying for school into investments.Bendintheriver said:
If an incentive like that would work I would have no problem with it but we have to put in rules now so that there are no more $160K BS's and BA's worth of loans. It makes zero sense.2001400ex said:
As an incentive to actually pay them down. It's too easy to just let them roll in deferment. As my post indicated.SFGbob said:
Why should your student loan debt be forgiven just because you've paid on time for a number of years?2001400ex said:Oh and I disagree with getting rid of student debt. The only thing I'd support is a system where you pay on time for X number of years and the rest is forgiven. So if your loans are 15 years and you pay on time the first 10, then cool. And you can only have so many months of deferment.
I know a dude who makes about $140k a year, graduated 6 years ago. Came out making $120k. His $150k in loans is still in deferment. Like how does that work? He graduated from wsu so that explains part of it.
Back in the day, my loans, if I made all 12 payments, I'd get a letter every year saying 1% of my loans were forgiven. And my interest rate was reduced under 3% after a couple years.
I would like to have known who you were getting your loans through. They never offered anything like that to me! -
Sounds like they have a contract!SFGbob said:
How about the incentive that you signed a contract and borrowed the money now you're on the hook to pay it back. People should pay back the money they are contractually obligated to pay and not one penny less.2001400ex said:
As an incentive to actually pay them down. It's too easy to just let them roll in deferment. As my post indicated.SFGbob said:
Why should your student loan debt be forgiven just because you've paid on time for a number of years?2001400ex said:Oh and I disagree with getting rid of student debt. The only thing I'd support is a system where you pay on time for X number of years and the rest is forgiven. So if your loans are 15 years and you pay on time the first 10, then cool. And you can only have so many months of deferment.
I know a dude who makes about $140k a year, graduated 6 years ago. Came out making $120k. His $150k in loans is still in deferment. Like how does that work? He graduated from wsu so that explains part of it.
Back in the day, my loans, if I made all 12 payments, I'd get a letter every year saying 1% of my loans were forgiven. And my interest rate was reduced under 3% after a couple years.
You shouldn't need an incentive not to be a dead beat. -
I hear that banks can foreclose on people even if they're current on their loans. At least that's what some fucking moron from El Monte said.CirrhosisDawg said:
Sounds like they have a contract!SFGbob said:
How about the incentive that you signed a contract and borrowed the money now you're on the hook to pay it back. People should pay back the money they are contractually obligated to pay and not one penny less.2001400ex said:
As an incentive to actually pay them down. It's too easy to just let them roll in deferment. As my post indicated.SFGbob said:
Why should your student loan debt be forgiven just because you've paid on time for a number of years?2001400ex said:Oh and I disagree with getting rid of student debt. The only thing I'd support is a system where you pay on time for X number of years and the rest is forgiven. So if your loans are 15 years and you pay on time the first 10, then cool. And you can only have so many months of deferment.
I know a dude who makes about $140k a year, graduated 6 years ago. Came out making $120k. His $150k in loans is still in deferment. Like how does that work? He graduated from wsu so that explains part of it.
Back in the day, my loans, if I made all 12 payments, I'd get a letter every year saying 1% of my loans were forgiven. And my interest rate was reduced under 3% after a couple years.
You shouldn't need an incentive not to be a dead beat. -
There's a lot of things people should and shouldn't be. You shouldn't be a Homophobic faggot but we accept that. A lot of people are deadbeats. A lot of college graduates defer their student loans indefinitely. Reducing the liability also brings more money into the economy for people who are actually educated. For someone who supports tax cuts for the wealthy. I'd think you'd support invectives for people who actually pay their debts.SFGbob said:
How about the incentive that you signed a contract and borrowed the money now you're on the hook to pay it back. People should pay back the money they are contractually obligated to pay and not one penny less.2001400ex said:
As an incentive to actually pay them down. It's too easy to just let them roll in deferment. As my post indicated.SFGbob said:
Why should your student loan debt be forgiven just because you've paid on time for a number of years?2001400ex said:Oh and I disagree with getting rid of student debt. The only thing I'd support is a system where you pay on time for X number of years and the rest is forgiven. So if your loans are 15 years and you pay on time the first 10, then cool. And you can only have so many months of deferment.
I know a dude who makes about $140k a year, graduated 6 years ago. Came out making $120k. His $150k in loans is still in deferment. Like how does that work? He graduated from wsu so that explains part of it.
Back in the day, my loans, if I made all 12 payments, I'd get a letter every year saying 1% of my loans were forgiven. And my interest rate was reduced under 3% after a couple years.
You shouldn't need an incentive not to be a dead beat. -
They can’t? I’m sure you have a link. Answer the question GayBob.SFGbob said:
I hear that banks can foreclose on people even if they're current on their loans. At least that's what some fucking moron from El Monte said.CirrhosisDawg said:
Sounds like they have a contract!SFGbob said:
How about the incentive that you signed a contract and borrowed the money now you're on the hook to pay it back. People should pay back the money they are contractually obligated to pay and not one penny less.2001400ex said:
As an incentive to actually pay them down. It's too easy to just let them roll in deferment. As my post indicated.SFGbob said:
Why should your student loan debt be forgiven just because you've paid on time for a number of years?2001400ex said:Oh and I disagree with getting rid of student debt. The only thing I'd support is a system where you pay on time for X number of years and the rest is forgiven. So if your loans are 15 years and you pay on time the first 10, then cool. And you can only have so many months of deferment.
I know a dude who makes about $140k a year, graduated 6 years ago. Came out making $120k. His $150k in loans is still in deferment. Like how does that work? He graduated from wsu so that explains part of it.
Back in the day, my loans, if I made all 12 payments, I'd get a letter every year saying 1% of my loans were forgiven. And my interest rate was reduced under 3% after a couple years.
You shouldn't need an incentive not to be a dead beat. -
You can't defer your loans indefinitely. Do you have any more fantasy stories you'd like tell us Hondo? I support invective for people who don't pay their debts.2001400ex said:
There's a lot of things people should and shouldn't be. You shouldn't be a Homophobic faggot but we accept that. A lot of people are deadbeats. A lot of college graduates defer their student loans indefinitely. Reducing the liability also brings more money into the economy for people who are actually educated. For someone who supports tax cuts for the wealthy. I'd think you'd support invectives for people who actually pay their debts.SFGbob said:
How about the incentive that you signed a contract and borrowed the money now you're on the hook to pay it back. People should pay back the money they are contractually obligated to pay and not one penny less.2001400ex said:
As an incentive to actually pay them down. It's too easy to just let them roll in deferment. As my post indicated.SFGbob said:
Why should your student loan debt be forgiven just because you've paid on time for a number of years?2001400ex said:Oh and I disagree with getting rid of student debt. The only thing I'd support is a system where you pay on time for X number of years and the rest is forgiven. So if your loans are 15 years and you pay on time the first 10, then cool. And you can only have so many months of deferment.
I know a dude who makes about $140k a year, graduated 6 years ago. Came out making $120k. His $150k in loans is still in deferment. Like how does that work? He graduated from wsu so that explains part of it.
Back in the day, my loans, if I made all 12 payments, I'd get a letter every year saying 1% of my loans were forgiven. And my interest rate was reduced under 3% after a couple years.
You shouldn't need an incentive not to be a dead beat. -
take away fed loans and watch the price of tuition collapse
If you can't afford to pay back the loans, that was a pretty bad decision on your part. All that debt to study 17 genders
SAD -
If you know how to work the system. Indefinitely isn't far off. Or if your loan was prior to 1993.SFGbob said:
You can't defer your loans indefinitely. Do you have any more fantasy stories you'd like tell us Hondo? I support invective for people who don't pay their debts.2001400ex said:
There's a lot of things people should and shouldn't be. You shouldn't be a Homophobic faggot but we accept that. A lot of people are deadbeats. A lot of college graduates defer their student loans indefinitely. Reducing the liability also brings more money into the economy for people who are actually educated. For someone who supports tax cuts for the wealthy. I'd think you'd support invectives for people who actually pay their debts.SFGbob said:
How about the incentive that you signed a contract and borrowed the money now you're on the hook to pay it back. People should pay back the money they are contractually obligated to pay and not one penny less.2001400ex said:
As an incentive to actually pay them down. It's too easy to just let them roll in deferment. As my post indicated.SFGbob said:
Why should your student loan debt be forgiven just because you've paid on time for a number of years?2001400ex said:Oh and I disagree with getting rid of student debt. The only thing I'd support is a system where you pay on time for X number of years and the rest is forgiven. So if your loans are 15 years and you pay on time the first 10, then cool. And you can only have so many months of deferment.
I know a dude who makes about $140k a year, graduated 6 years ago. Came out making $120k. His $150k in loans is still in deferment. Like how does that work? He graduated from wsu so that explains part of it.
Back in the day, my loans, if I made all 12 payments, I'd get a letter every year saying 1% of my loans were forgiven. And my interest rate was reduced under 3% after a couple years.
You shouldn't need an incentive not to be a dead beat.
https://studentaid.ed.gov/sa/repay-loans/deferment-forbearance -
CD only has 17 genders? Is guess 57.RaceBannon said:take away fed loans and watch the price of tuition collapse
If you can't afford to pay back the loans, that was a pretty bad decision on your part. All that debt to study 17 genders
SAD
