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Student loan repayment pause about to un-pause

east_beast said:
If I'm reading that correctly, basically half of student loans borrowers didn't start remaking payments and are actively tanking their credit scores? I mean, that should be a massive story.
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Right? That's what I was thinking. Yet I haven't heard shit about a massive lack of payment. Just how potato joe wants to forgive all the loans.
 
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[486] said:
not if they don't plan on using credit again
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The majority have to be broke libtards not anti establishment hardliners. Millions are not skipping out on their loans so they can go homestead and live a cash/barter based life with a blue collar skill set:laughing:

They need that sweet sweet credit to us a CC for an overpriced coffee & pay as you go for cheap throwaway furniture for the apartment they are going to get evicted from for not being able to afford the rent. :homer:
 
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Clemson13 said:
The majority have to be broke libtards not anti establishment hardliners. Millions are not skipping out on their loans so they can go homestead and live a cash/, battery based life with a blue collar skill set:laughing:

They need that sweet sweet credit to us a CC for an overpriced coffee & pay as you go for cheap throwaway furniture for the apartment they are going to get evicted from for not being able to afford the rent. :homer:
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Finally posted as 'Paid in Full'. I'm officially FREE! My notches in the wall count 13 years after leaving college to pay off my loans. I signed for it, I owed it, I paid it. I think the 6.8% rates were a bit crazy though.

Fuck the freeloaders.
 
[486] said:
I fucking hate fiat currency so much.
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Why? It's so easy to make more. We just turn the printer on, and kick it hard on the right side if it jams. No need for dumb heavy precious metals to back it up. No need to have anything to back it up. Fiat is so strong it stands on its own.
 
Pyleit said:
Because they fucking borrowed it. Need more reason than personal responsibility?
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These kids weren't taught finance in high-school, don't know how to balance a checkbook. They were mindfucked by society to follow their emotions and buy what they want, then they were mindfucked by their teachers and guidance counselors by being told if they don't go to college, they'll never make any money.

Now they got their college degree and they still aint making shit for money.

Why should they give a fuck about some stupid ass score from the very douchebag bankers that have been, and are continuing to attempt to exploit them?

Can't preach about personal responsibility with "too big to fail" type bullshit going on.

Too big to fail? Thats cute. Guess I'm too small to pay.:flipoff2:
 
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45acp said:
Why? It's so easy to make more. We just turn the printer on, and kick it hard on the right side if it jams. No need for dumb heavy precious metals to back it up. No need to have anything to back it up. Fiat is so strong it stands on its own.
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War is peace, ignorance is strength, rather a gramme than a damn

oh wait I'm mixing up the dystopias
or is the world mixing them for me
 
About 43 million Americans hold federal student loan debt and, for some, paying off that debt can be a burden. Many borrowers have access to programs that can pause or reduce their payments, but a new survey finds some borrowers may be forgoing the proper channels and stopping repayment entirely in hopes of student loan forgiveness.

Nearly one in three (31%) student loan borrowers have slowed the repayment of their loan(s) because they hope to see their loans reduced or forgiven by the federal government, according to a recent NerdWallet survey conducted online by The Harris Poll among more than 600 U.S. adults who currently have student loans. And nearly one in four (23%) have stopped their student loan payments altogether for the same reason.

Notably, the survey didn’t ask whether borrowers who slowed or stopped their repayments did so after entering into forbearance or deferment plans. Further, student loan delinquencies have remained largely unchanged since the COVID-19 payment pause ended last October, according to data from the New York Fed. This is likely due to a one-year “on-ramp” grace period set to expire Sept. 30, during which the Department of Education is not reporting any borrowers who miss payments as delinquent.
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That makes it sound like a whole lot of folks are going to be hurting in October when they go delinquent. As they should.

It pisses me off that these twaffles are just counting on free money making their loans go away:mad3:
You took the loan, pay it back.

I'm anti loan forgiveness even though it would be convenient for the 250k + of loans in my life to vanish. Those loans are holding me back from blowing some money $$$ on a Cessna 182 already:laughing:
 
Clemson13 said:
That makes it sound like a whole lot of folks are going to be hurting in October when they go delinquent. As they should.

It pisses me off that these twaffles are just counting on free money making their loans go away:mad3:

I'm anti loan forgiveness even though it would be convenient for the 250k + of loans in my life to vanish.
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To me it sounds like no chance from pause and no change from forgiveness etc other than slowongndown and making everything worse

As is predictable and expected, just makes things worse with no benefits
 
In the defense of the scumbags, they are constantly told by their political leaders they will be rewarded for their support...

Via tax breaks, reimbursements, etc.

It goes both ways I agree, the party I voted for offered me things I might think we're advantageous to my lifestyle.
 
Eh, I still think it's a gray area. It's one thing for Pvt. Dumbass to sign up for an cosign for his stripper girlfriend's 84mo loan on a Tacoma at some ungodly price because despite everyone "old and wise" around him saying "don't do it" he's rather listen to the two idiots in his life who think that's a fine idea. Contrast with student loans where the people who are in positions of authority and supposed to be dispensing if not good at least not terrible advice told a generation and a half to go take out loans they can't afford for school they don't need. I feel a lot less bad about "everyone" having to pay the bill for that one because "everyone" dug that stupid fucking hole. The people who peddled this stupid fucking misadventure shouldn't get to get away unscathed because it wasn't their name on the dotted line.

(inb4 the guys who sucked so bad at highschool that college wasn't even a realistic option show up to tell us how smart they were and how much foresight they had :lmao:)
 
arse_sidewards said:
Eh, I still think it's a gray area. It's one thing for Pvt. Dumbass to sign up for an cosign for his stripper girlfriend's 84mo loan on a Tacoma at some ungodly price because despite everyone "old and wise" around him saying "don't do it" he's rather listen to the two idiots in his life who think that's a fine idea. Contrast with student loans where the people who are in positions of authority and supposed to be dispensing if not good at least not terrible advice told a generation and a half to go take out loans they can't afford for school they don't need. I feel a lot less bad about "everyone" having to pay the bill for that one because "everyone" dug that stupid fucking hole. The people who peddled this stupid fucking misadventure shouldn't get to get away unscathed because it wasn't their name on the dotted line.

(inb4 the guys who sucked so bad at highschool that college wasn't even a realistic option show up to tell us how smart they were and how much foresight they had :lmao:)
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Similar to your () comment. I've graduated from 3 colleges. The first one was pretty affordable, community College, to the point that it wasn't worth my time. When I went back to college, I deliberately chose one that cost more so that I would be able to force myself to graduate. Ended up finishing community college degree second. Third college was nearly all paid for by work, only out of pocket was where paperwork changed and I apparently didn't log on during a 3 hour window or some shit.


However, I knew why I was doing each and even as a high school kid had enough smarts and foresight to know that it was all horseshit. Told several people in supposed authority that it was a scam and horseshit :flipoff2:
 
Provience said:
Similar to your () comment. I've graduated from 3 colleges.
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I have one degree from three colleges. :laughing::flipoff2:
Provience said:
However, I knew why I was doing each and even as a high school kid had enough smarts and foresight to know that it was all horseshit. Told several people in supposed authority that it was a scam and horseshit :flipoff2:
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I didn't get my degree because you need it to program computer shit but because I was smart enough to see that the giant make work jobs program that boomers invented for women (aka the HR industry) all but required it for easy career progress. Paid my shit off within 2yr of graduating. But that level of sticking to it for the sake of long term planning isn't the norm among the population.
 
arse_sidewards said:
I have one degree from three colleges. :laughing::flipoff2:


I didn't get my degree because you need it to program computer shit but because I was smart enough to see that the giant make work jobs program that boomers invented for women (aka the HR industry) all but required it for easy career progress. Paid my shit off within 2yr of graduating. But that level of sticking to it for the sake of long term planning isn't the norm among the population.
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My highest degree is in "leadership". A program so real, they don't even offer it any more. Well aware of the blanket degree requirement:rasta:
 
Provience said:
My highest degree is in "leadership". A program so real, they don't even offer it any more. Well aware of the blanket degree requirement:rasta:
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Checks the box same as any other 4yr degree. :laughing:

Ain't no different than all the pos boomers majoring in basket weaving to dodge the draft.
 
For sure, a LOT of people are going to be hurting. Conspiracy theory, reality is going to set in real quick in October…who will provide all the empty promises for November? Yeah. I finally started taking a huge jab at my debt. My goal is to be clear in the next 4-5 years. Divorce and Covid sure set my previous goals a few years back.

Gotta buy those votes somehow…including the current talks of interest rates finally coming down. Harris has to show some kind of positive policies she accomplished. :homer:
 
And another 4.5 Billion forgiven by elpresidente Biden without congressional approval .............


"

Biden forgives more student loans: 60,000 borrowers will get notices canceling $4.5 billion in debt​



  • The Biden administration announced on Thursday that it has forgiven another $4.5 billion in student debt for over 60,000 borrowers.
  • The latest round of relief is a result of the U.S. Department of Education’s fixes to the popular, but once troubled, Public Service Loan Forgiveness program.
  • Borrowers eligible for this round of relief should learn of their cancelled debt in the coming week

https://www.cnbc.com/2024/10/17/student-loan-forgiveness-biden-public-service-debt.html
 
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