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Student loan repayment pause about to un-pause

RunningProblem said:
AP credit doesn’t always carry over to college.
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Depends massively on your scores. I got out of basically all my gen-eds including labs with AP and CLEP. Most of the state schools will accept just about anything though.
 
RunningProblem said:
don’t take AP courses.
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AP is free in terms of both time and money when you're in highschool. Sure they might not help you but there's a very good chance they will. Those credits cost lots of money after highschool.

You would have to be an idiot to not to take advantage. It is basically all upside so long as you don't load yourself down so much your GPA drops a ton.
 
87manche said:
or you could plan it out and use the AP system to your advantage.
The local schools are partnered with the local college for AP classes. If you wish you sign up for the program and then literally go to the local state college branch 2 or 3 days out of the week in your junior/senior years.
They count.
Then you do a year at the local branch college and transfer yourself to ohio state proper in your final year to get that fancy paper, as they're all affiliated.
There are ways to use it effectively to save a year or twos worth of college tuition.
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This. If you want college on the cheap you gotta be savvy and plan ahead.

You can't just do no prep work in the prior years and then show up at some random state school or private school and expect it not to cost a fuckton by the time it's all done.

The entire system is designed to fleece upper middle class types who aren't used to having to plan to game the system because they have enough money they've gotten in the habit of doing things "right" over the years. You behave like that and you will get fucked. End of life care is the same way BTW.
 
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arse_sidewards said:
AP is free in terms of both time and money when you're in highschool. Sure they might not help you but there's a very good chance they will. Those credits cost lots of money after highschool.

You would have to be an idiot to not to take advantage. It is basically all upside so long as you don't load yourself down so much your GPA drops a ton.
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Sometimes people go to a better named school and give up their high school credit.

Table of Acceleration Credit < Yale University

catalog.yale.edu catalog.yale.edu


they just rack up student loan debt.


holy fuck you only need a 3 to get so credit some places. so you score a B and don’t need to take the college course for a semester.


www.ou.edu

Advanced Placement Program (AP)

The University of Oklahoma
www.ou.edu

I don’t know what the o in OU stands for.


edit: learn how to avoid college debt with this one simple life hack

dont go to college.
 
I'm back to paying my daughter's loans. The loans had to be in her name, but I agreed in full to pay them all. My choice, good dad and all that stuff.
At first, the numbers were way off. It looked like all the interest from the several years of forced no pay was added to the totals. After I paid the first payment, somehow the totals magically readjusted to not having all of that accrued interest.
 
eraser5 said:
I'm back to paying my daughter's loans. The loans had to be in her name, but I agreed in full to pay them all. My choice, good dad and all that stuff.
At first, the numbers were way off. It looked like all the interest from the several years of forced no pay was added to the totals. After I paid the first payment, somehow the totals magically readjusted to not having all of that accrued interest.
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Why is there no accrued interest?

Oh yeah because irresponsible are rewarded.

Good on you for standing behind her and paying them though.
 
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Has the gov tried to explain how/why people are in such a situation to need this welfare money? We'd never talk bad about the value of college or the tuition rates.
 
I 100% agree with what was stated somewhere earlier in this thread. Colleges should be on the hook for the loans of letting these students in. It would solve a lot of problems.

1) less loans given out
2) people would actually try to learn in college
3) a college degree would actually be worth something

Sure there are some drawbacks, but I definitely think more positives. College, like working fast food at a live able wage, isn’t supposed to be achievable by everyone.
 
Colleges essentially have a guaranteed customer base who can afford whatever they want to charge. All they have to do is create a product to sell to these customers (worthless degree programs).

Until something changes in the cycle of: Everyone should go to college because that's what you're supposed do after high school, and we have all gov loan money you need to do so.
 
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Again, Don't be fooled.

Biden did not forgive anything.

When you start a repayment plan there are options. Always has been. Income based repayment plans are usually 20-25 years. You basically pay what the government thinks you can afford and after that time period the remaining balance is forgiven.
In goverment service, or city, state level, like teachers. These loans are forgiven after 10 years.

it has been that way a long time.

Biden is taking credit for people using these programs and getting relief after they have met the conditions of the repayment program. Which they deserve because that is what they agreed to when they started repayment.
 
Tiha said:
Again, Don't be fooled.

Biden did not forgive anything.

When you start a repayment plan there are options. Always has been. Income based repayment plans are usually 20-25 years. You basically pay what the government thinks you can afford and after that time period the remaining balance is forgiven.
In goverment service, or city, state level, like teachers. These loans are forgiven after 10 years.

it has been that way a long time.

Biden is taking credit for people using these programs and getting relief after they have met the conditions of the repayment program. Which they deserve because that is what they agreed to when they started repayment.
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Holding lenders and the government accountable to deals that they made with borrowers, I'm all for it. You are right, much of the loan "forgiveness" that Biden is taking credit for is based on what borrowers have earned through these programs, agree with it or not, they held up their end of the bargain. The administration clearing the way to to give these borrowers the deal they agreed to should at least be acknowledged as a better use of government vs what the government is typically doing.

The flat out 10K loan forgiveness is still BS and not likely to happen. I'm not real happy with forgiveness for people in some of the for profit college failures, caveat emptor and all. Choosing a stupid degree in a traditional college or university doesn't get you the same treatment.
 
YJBrian said:
Holding lenders and the government accountable to deals that they made with borrowers, I'm all for it. You are right, much of the loan "forgiveness" that Biden is taking credit for is based on what borrowers have earned through these programs, agree with it or not, they held up their end of the bargain.
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During the covid no payment crap I tried to keep paying, but the one loan I am paying on decided to "change service providers"

I was un able to make payments for a year because the new account was not setup and had technical error and technical error.

I swear the loan company did that to prevent people from paying loans at zero interest.

So there is shady stuff happening all the time. I am sure providers try very hard to find reasons to not honor the IBR agreements.
 
YJBrian said:
Holding lenders and the government accountable to deals that they made with borrowers, I'm all for it. You are right, much of the loan "forgiveness" that Biden is taking credit for is based on what borrowers have earned through these programs, agree with it or not, they held up their end of the bargain. The administration clearing the way to to give these borrowers the deal they agreed to should at least be acknowledged as a better use of government vs what the government is typically doing.
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100%, from what I understand most of this "forgiveness" that he's taking credit for is exactly that, fixing cases where people had met the requirements of the program but the government hadn't gotten around to checking the boxes to approve it.

YJBrian said:
The flat out 10K loan forgiveness is still BS and not likely to happen. I'm not real happy with forgiveness for people in some of the for profit college failures, caveat emptor and all. Choosing a stupid degree in a traditional college or university doesn't get you the same treatment.
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Exactly.

Aaron Z
 
clodhopper said:
He was blocked from doing it in a blanket manner, so he is doing it a spoonful at a time instead.
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once that cat is out of the bag it cant go back in. his handlers no that, and thats why this is happening. they literally have no bad consequences for the administration from this. He looked everyone straight in the eye after getting beat by the court and just continued to do it anyway. and no one can do shit about it.
 
SanDiegoCJ said:
The ASShole Biden is cancelling more loans. :flipoff::flipoff::flipoff::flipoff::flipoff::flipoff::flipoff:

www.cnbc.com

Biden administration to forgive $1.2 billion in student debt for over 150,000 borrowers

The Biden administration said on Wednesday that it would forgive $1.2 billion in student debt for 150,000 borrowers enrolled its new repayment plan.
www.cnbc.com www.cnbc.com
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Not agreeing, but not sure those numbers aren't inflated. Is it 1.2billion forgiven totally? Or is part of that the interest that is forgiven on some of the loans each month through the SAVE plan w/some of those actually being forgiven.
 
OutlawRider said:
Not agreeing, but not sure those numbers aren't inflated. Is it 1.2billion forgiven totally? Or is part of that the interest that is forgiven on some of the loans each month through the SAVE plan w/some of those actually being forgiven.
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Probably includes the interest. But those loan programs are structured to rely on the future interest payments to stay afloat/balanced/whatever. Taxpayer is on the hook for shortfalls, just like social security. The interest is theoretical future money, but for discussion purposes, makes sense to include it cause it pays the overhead costs of all those govt employees that administer it.
 
AKnate said:
How the hell could you borrow under 12k in 2014 and still be paying it now?!

That's ~$100 a month. Maybe $125-150 with interest.
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Pay the minimum payment, often interest only, not worry substantially cause the rate is probably the lowest of all your other debts. People with poor understanding of economics and personal finance cause the same education institutions that take thier money have failed to educate them.
 
Like they weren't already going to vote for Biden......
 
I believe this round of forgiveness was clearing the backlog of people who worked in the programs that promised forgiveness after a certain timeframe. Trump tried to clear it but Covid shut down all that. Biden didn’t do anything but force the gov to do their jobs under the guise of “doing something about it”…
 
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