General Discussion

librechik

(30,957 posts)

81. Monthly $400? Hah, my loan started at 2300

Wed Aug 24, 2022, 04:35 PM

Aug 2022

And my fancy new college job got me 2300 at the time. Total.
Being a girl and so forth. Working at non profits etc. Never made much more than that.

It was not what I was expecting. They told me my degree would earn me six figures. I WISH!!

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Opinion: Student loan... [View all] Septua Aug 2022 OP

Terms on student loans are particularly onerous. Bankruptcy can't... brush Aug 2022 #1

If you could declare bankruptcy on a student loan, you keep all the benefits of the education MichMan Aug 2022 #21

What exactly are you saying? brush Aug 2022 #24

I'm saying that it would make financial sense for someone to declare bankruptcy MichMan Aug 2022 #28

I still don't get you. Are you for Biden's move? brush Aug 2022 #39

I'm not sure a president can spend $300 billion by EO without congressional approval either MichMan Aug 2022 #47

Hasn't he already done it. Again, are you for... brush Aug 2022 #50

Post removed Post removed Aug 2022 #56

Get serious. Where'd you pull that imaginary example from? brush Aug 2022 #63

If it was targeted to those who needed relief from deep debt that would be one thing. MichMan Aug 2022 #79

I totally agree with you. This is going to make some people very happy Jack the Greater Aug 2022 #96

You do realize that under 125k means Bettie Aug 2022 #112

EXACTLY inthewind21 Aug 2022 #33

Maybe with luxury items, but the vast majority of people who file for bankruptcy can keep their liberal_mama Aug 2022 #64

If the mortgage and car loans are discharged in bankruptcy, you can keep both and never have to pay? MichMan Aug 2022 #95

So, if you ever go bankrupt with massive heart transplant bills, can we repo your ticker? Celerity Aug 2022 #94

Rethugs whine about everything Johnny2X2X Aug 2022 #2

Lots of People 4Q2u2 Aug 2022 #3

I've argued the same thing for a while and it usually was ignored or argued against. Claustrum Aug 2022 #4

They did that as well. W_HAMILTON Aug 2022 #6

Owing 400k but making 180k...that'll take decades... brush Aug 2022 #9

That Harvard Law student isn't eligible Johnny2X2X Aug 2022 #11

Right. My argument is against those who favor 50k for everyone. Claustrum Aug 2022 #34

Agree then Johnny2X2X Aug 2022 #42

This message was self-deleted by its author MichMan Aug 2022 #12

Been working the same job your whole life, have you? Act_of_Reparation Aug 2022 #19

This message was self-deleted by its author MichMan Aug 2022 #25

great Skittles Aug 2022 #100

Yeah, cool story. Act_of_Reparation Aug 2022 #103

Not really how it works though Johnny2X2X Aug 2022 #20

$40K/year x 40 years of work, Ms. Toad Aug 2022 #57

It's about status, bragging rights JI7 Aug 2022 #59

Earning a degree in something doesn't guarantee you a job in it meadowlander Aug 2022 #80

If you are earning 180K you get zero loan relief qazplm135 Aug 2022 #29

My argument is against those with the plan of forgiving 50k for everyone, not the current Biden plan Claustrum Aug 2022 #32

well that plan isn't on the table qazplm135 Aug 2022 #37

There are people who thinks Biden's plan doesn't go far enough. Claustrum Aug 2022 #41

not today qazplm135 Aug 2022 #43

Not necessarily true SickOfTheOnePct Aug 2022 #48

College today should be like high school from yesteryear. W_HAMILTON Aug 2022 #5

I am not sure $300 billion can be added to the debt by EO. MichMan Aug 2022 #7

Your opinion is valid. So are other opinions favoring the $10k CentralMass Aug 2022 #8

We constantly attack Big Oil and Big Pharmaceutical for gouging and greed MichMan Aug 2022 #15

I have always wondered inthewind21 Aug 2022 #52

Great post n/t SickOfTheOnePct Aug 2022 #17

If we can bail out corporations eissa Aug 2022 #10

Perfectly stated. phylny Aug 2022 #27

Give the 10,000 also to the people that paid it already! USALiberal Aug 2022 #30

Exactly, and there is no convincing argument against this. None. BSdetect Aug 2022 #44

Nah you just get a t-shirt. Voltaire2 Aug 2022 #87

No one inthewind21 Aug 2022 #53

An education shouldn't be a mortgage eissa Aug 2022 #60

It's a great idea, doesn't go far enough, and will net an increase in Dem votes. Fiendish Thingy Aug 2022 #13

I agree with you 100% SickOfTheOnePct Aug 2022 #14

+1000 USALiberal Aug 2022 #31

how much did your daughters pay for college qazplm135 Aug 2022 #35

They graduated SickOfTheOnePct Aug 2022 #45

which is tons more than you or I paid for college qazplm135 Aug 2022 #58

We started college funds when our kids were conceived eissa Aug 2022 #65

I don't think the president can set interest rates. BlueCheeseAgain Aug 2022 #67

I'd offer my opinion as counterpoint EYESORE 9001 Aug 2022 #16

I'll bite. Renaissance Man Aug 2022 #18

boom qazplm135 Aug 2022 #36

You win! eissa Aug 2022 #55

Well then inthewind21 Aug 2022 #61

Whose side are you on? Renaissance Man Aug 2022 #66

people need to get off their high horse about mortgages mike_c Aug 2022 #90

I agree with most of your points. BlueCheeseAgain Aug 2022 #69

+1 leftstreet Aug 2022 #71

This. Voltaire2 Aug 2022 #88

this mike_c Aug 2022 #89

+1.n/t obnoxiousdrunk Aug 2022 #99

No response from kcr Aug 2022 #111

I think Biden needs to do it - he needs to keep his promise womanofthehills Aug 2022 #22

Nothing but a $300 Billion giveaway Zeitghost Aug 2022 #23

Sure. Maybe also give it to the poor banks and corporations again that nobody complained about. live love laugh Aug 2022 #75

The whole federally backed student loan program has devolved in KPN Aug 2022 #26

Potential 43 million voters for the Democratic Party Septua Aug 2022 #101

Disagree RANDYWILDMAN Aug 2022 #38

Googled, "how do I know if I qualify for student loan forgiveness" aocommunalpunch Aug 2022 #40

The way it's being done doesn't make much sense Shrek Aug 2022 #46

Exactly n/t SickOfTheOnePct Aug 2022 #49

Not true at all Johnny2X2X Aug 2022 #51

Exactly nt Raine Aug 2022 #92

The more I read about it, the more I like it. Fiendish Thingy Aug 2022 #54

Forgiven debt is taxable income. roamer65 Aug 2022 #62

apparently not true in this case if on income based plan MissB Aug 2022 #70

I would make sure on it. roamer65 Aug 2022 #72

of course! MissB Aug 2022 #76

Should be SickOfTheOnePct Aug 2022 #84

Congress changed the rules for any debt relief between 2021 and 2025 dsc Aug 2022 #108

+1000 roamer65 Aug 2022 #109

They're whining like crazy on IG about it. bif Aug 2022 #68

But can't get fair healthcare for all huh? Brainfodder Aug 2022 #73

I agree, choosing a comparatively fortunate part of society for a benefit to be paid by less Alhena Aug 2022 #74

Sounds Like Trickle Down Economics Renaissance Man Aug 2022 #77

My daughter had given up on going to grad school because she did not want more debt. GumboYaYa Aug 2022 #78

Monthly $400? Hah, my loan started at 2300 librechik Aug 2022 #81

I'm neutral on it. roamer65 Aug 2022 #82

I've Been Saying This the Idea Was First Floated. PBC_Democrat Aug 2022 #83

It's not a level playing field. meadowlander Aug 2022 #85

Righteous rant! radicalleft Aug 2022 #107

All education ought to be free for everyone. Voltaire2 Aug 2022 #86

I agree nt Raine Aug 2022 #91

de rec Celerity Aug 2022 #93

Says it all in a nutshell. Well done. And btw, KPN Aug 2022 #102

Fuck the republicans and what they decide to call it. Did they call the PPP loans Autumn Aug 2022 #97

At least two of those points are probably being made on Truth Social right now BannonsLiver Aug 2022 #98

Those who whine the most about student loans AntivaxHunters Aug 2022 #104

You got it wrong...you deserve the criticism. Seriously petty. Demsrule86 Aug 2022 #105

This does absolutely nothing to solve the real problem here. GuppyGal Aug 2022 #106

Wish I could downvote kcr Aug 2022 #110

For the record... Septua Aug 2022 #113