General Discussion

applegrove

(133,112 posts) Sat Apr 26, 2025, 11:36 PM Apr 2025

"This is why the student loan bubble is about to burst. I feel bad for this woman--but she freaking nails it". 🔥

Last edited Sun Apr 27, 2025, 12:09 AM - Edit history (1)

This is why the student loan bubble is about to burst. I feel bad for this womanâ€”but she freaking nails it. ðŸ”¥
— Christopher Webb (@cwebbonline.com) 2025-04-26T13:38:42.987Z

This is why the student loan bubble is about to burst. I feel bad for this woman—but she freaking nails it. 🔥

5 replies

= new reply since forum marked as read

Highlight:

"This is why the student loan bubble is about to burst. I feel bad for this woman--but she freaking nails it". 🔥 (Original Post) applegrove Apr 2025 OP

If eligible, she needs to apply for income-driven repayment. It is, unfortunately, the best option available. Silent Type Apr 2025 #1

I think she has been on that plan for years. applegrove Apr 2025 #2

Then, after making payments for 20 or 25 years on time, any balance will be forgiven. And, Silent Type Apr 2025 #3

Oh I was not familiar with those details. I'm in Canada applegrove Apr 2025 #4

Just wondering if she read the terms when she borrowed the money bottomofthehill Apr 2025 #5

Silent Type

(12,412 posts)

1. If eligible, she needs to apply for income-driven repayment. It is, unfortunately, the best option available.

Reply to applegrove (Original post)

Sat Apr 26, 2025, 11:40 PM

Apr 2025

applegrove

(133,112 posts)

2. I think she has been on that plan for years.

Reply to Silent Type (Reply #1)

Sun Apr 27, 2025, 12:06 AM

Apr 2025

Silent Type

(12,412 posts)

3. Then, after making payments for 20 or 25 years on time, any balance will be forgiven. And,

Reply to applegrove (Reply #2)

Sun Apr 27, 2025, 12:20 AM

Apr 2025

there are even provisions to allow for unemployment, hardships, etc., that affect timeliness.

I’m not saying that’s ideal, but it’s a pretty good deal under current laws. But not all loans qualify.

applegrove

(133,112 posts)

4. Oh I was not familiar with those details. I'm in Canada

Reply to Silent Type (Reply #3)

Sun Apr 27, 2025, 12:25 AM

Apr 2025

and the government still pays 2/3 of our university costs. 100% if you are indigenous.

bottomofthehill

(9,423 posts)

5. Just wondering if she read the terms when she borrowed the money

Reply to applegrove (Original post)

Sun Apr 27, 2025, 01:20 AM

Apr 2025

I am all in favor of paying back what you borrowed with a small administrative fee to rover the servicing of the loan. Not debt forgiveness but surly the government does not need to be charging 7 plus percent on a student loan, pay what you owe.

On the other hand, we borrowed the money knowing the terms and made decisions in life on schools, jobs, housing and other stuff based on the terms.

Reply to this discussion

Kick in to the DU tip jar?

This week we're running a special pop-up mini fund drive. From Monday through Friday we're going ad-free for all registered members, and we're asking you to kick in to the DU tip jar to support the site and keep us financially healthy.

As a bonus, making a contribution will allow you to leave kudos for another DU member, and at the end of the week we'll recognize the DUers who you think make this community great.