Current Events > Government cancels all student loan debt, how are you effected?

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1NfamousACE_2
03/24/20 9:46:53 AM
#1:


Topic

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The Trent
03/24/20 9:47:28 AM
#2:


not directly
i guess some of my investments may go up potentially

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Kaldrenthebold
03/24/20 9:53:44 AM
#3:


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MedeaLysistrata
03/24/20 9:54:46 AM
#4:


I die of exhaustion after 7 straight hours of dabbing

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monkmith
03/24/20 9:55:40 AM
#5:


not at all. i worked my ass off to get good grades and get scholarships.

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EnterTheTekken
03/24/20 9:56:20 AM
#6:


I'd agree with it but I'd like some more information. As in, what's the other side of the coin when this debt is cancelled or forgiven? Will their be retroactive credit reporting? What's the time frame for who's debt is absolved? What current income level gets debt forgiven and who doesn't?

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Knowledge_King
03/24/20 7:54:41 PM
#7:


I get nothing.

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Bestoffuture
03/24/20 7:55:21 PM
#8:


I save $600 a month. Sweet.

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inloveanddeath0
03/24/20 7:55:44 PM
#9:


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KiwiTerraRizing
03/24/20 7:56:33 PM
#10:


MedeaLysistrata posted...
I die of exhaustion after 7 straight hours of dabbing


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1NfamousACE_2
03/24/20 8:32:38 PM
#11:


Knowledge_King posted...
I get nothing.

So, you aren't effected?

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Jabodie
03/24/20 8:33:44 PM
#12:


Minimally. I am about to pay off my student loans next month.

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Tyranthraxus
03/24/20 8:35:04 PM
#13:


My student loans are already paid off.

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Machete
03/24/20 8:35:21 PM
#14:


doesn't affect me. College was paid for by my grandfather and even though I ended up dropping out, I had money left over which has been growing in my investment funds or at least was growing until coronavirus happened but now probably took a hit (I really don't even want to check tbh)
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Blue_Inigo
03/24/20 8:38:52 PM
#15:


Nice. 5.5k saved

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DundiesAward
03/24/20 8:39:06 PM
#16:


Doesn't help me.

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Umbreon
03/24/20 8:39:34 PM
#17:


An immense weight is lifted off my back.

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Thunder_Armor
03/24/20 8:40:15 PM
#18:


I save a lot of money

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boxington
03/24/20 8:40:18 PM
#19:


I was lucky enough not to incur any debt, but that's good for others.

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thronedfire2
03/24/20 8:41:38 PM
#20:


cool I can afford an apartment now

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Antifar
03/24/20 8:43:32 PM
#21:


I'm not.
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WaterLink
03/24/20 8:44:13 PM
#22:


I have none so not at all really
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Lunar_Savage
03/24/20 8:49:32 PM
#23:


I only have some medical debt to pay off if they do that.

The medical debt is a much more easily accomplished than my student debt. I would be very close to getting good credit again.

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Iodine
03/24/20 8:50:34 PM
#24:


It means I will be getting my tax return in 2-3 weeks.

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lilORANG
03/24/20 8:51:06 PM
#25:


My wife's $50k debt goes away. That'd be nice.
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Tired-Insomniac
03/24/20 8:52:13 PM
#26:


I only owe about $4000 with a $70 minimum payment

Wouldn't make a huge difference. I'd probably take my wife on an extra date night each month with the savings.

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Calwings
03/24/20 8:56:30 PM
#27:


Kaldrenthebold posted...
Very positively

Umbreon posted...
An immense weight is lifted off my back.

Thunder_Armor posted...
I save a lot of money

This. I owe 47k and I was still in the process of looking for a job before this coronavirus business started.
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AlleyViper620
03/24/20 8:57:15 PM
#28:


Paid mine off years ago.

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LightningAce11
03/24/20 8:58:43 PM
#29:


Would be fantastic. I get to save more money.

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lightwarrior78
03/24/20 9:01:07 PM
#30:


I slip a step further down in depression because I don't have any due to years of scrimping, yet others that fight tooth and nail about giving up some luxuries to pay necessities get another hand out they don't feel like sharing with me and others that did it the hard way.

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cjsdowg
03/24/20 9:03:17 PM
#31:


lightwarrior78 posted...
I slip a step further down in depression because I don't have any due to years of scrimping, yet others that fight tooth and nail about giving up some luxuries to pay necessities get another hand out they don't feel like sharing with me and others that did it the hard way.

So should people who had to fight pass smallpox be upset now that it is basically gone ?

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Sad_Face
03/24/20 9:05:24 PM
#32:


Doesn't affect me but now people can't pull the "I have loans" excuse to drop $50 on Chainlink.

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legendary_zell
03/24/20 9:06:07 PM
#33:


I essentially owe a mortgage so it would be the best thing that ever happened to me.

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_____Cait
03/25/20 8:56:19 AM
#34:


I can start a family and stimulate the edonomy

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MrResetti
03/25/20 9:00:55 AM
#35:


Makes me mad I didn't rake in loans for a post graduate degree because I didn't want to live buried up to my armpits in debt with no guarantee I could pay back when all was said and done.


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Rexdragon125
03/25/20 9:04:15 AM
#36:


I'm unaffected personally but the entire economy benefits as students can now buy what the producers are making and are free to start more productive ventures

Only republicans who feel the compulsive need to stomp their boots on the poor are worse off I guess
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Were_Wyrm
03/25/20 9:06:17 AM
#37:


$900 of debt wiped away.

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Solid Sonic
03/25/20 9:17:56 AM
#38:


I paid off my debt three years ago when my mother passed with her inheritance.

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Colonel_Snitsky
03/25/20 9:18:37 AM
#39:


Kaldrenthebold posted...
Very positively

this, cept its my gfs study loan.

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HydraSlayer82
03/25/20 9:19:40 AM
#40:


I go from being well off to being stinking rich.

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cloudrivera
03/25/20 9:21:21 AM
#41:


I already paid off my student loans.

It wouldnt affect me at all.

But that will help a lot of people out. I hope it happens

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#42
Post #42 was unavailable or deleted.
Balrog0
03/25/20 9:22:18 AM
#43:


It'd be nice

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philsov
03/25/20 9:25:23 AM
#44:


elated.

My unwise boyfriend went to a private college and hol-y shit.
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Jagr_68
03/25/20 9:29:04 AM
#45:


I can afford to pay for a damn fine car now or a mortgage.

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Kombucha
03/25/20 9:39:01 AM
#46:


I am currently on a zero dollar monthly payment plan so while my student debt vanishes nothing really changes financially.

That said if the accounts are really cancelled my oldest credit line is gone and my credit score may actually go down.

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The Trent
03/25/20 9:40:31 AM
#47:


cjsdowg posted...
So should people who had to fight pass smallpox be upset now that it is basically gone ?

this is an analogy

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i swear to God most of y'all cats just don't know The Trent
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Letron_James
03/25/20 9:53:05 AM
#48:


Kombucha posted...
I am currently on a zero dollar monthly payment plan so while my student debt vanishes nothing really changes financially.

That said if the accounts are really cancelled my oldest credit line is gone and my credit score may actually go down.

That's not how it works

Paying off that balance will always be better than keeping it. Depending on how many payments you have missed over that period

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Giant_Aspirin
03/25/20 9:56:33 AM
#49:


no direct affect on me, i dont have student loans

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Kombucha
03/25/20 9:58:21 AM
#50:


Letron_James posted...
That's not how it works

Paying off that balance will always be better than keeping it. Depending on how many payments you have missed over that period

Ah good to know. Luckily I've not missed any payments.

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