Current Events > Student loan pause until May!!!

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Cocytus
12/22/21 2:08:02 PM
#1:


Fuck yeah! Let's go Biden!
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bknight
12/22/21 2:09:35 PM
#2:


Meh, where's that promised $10k loan forgiveness, would take a nice chunk out.
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Naysaspace
12/22/21 2:20:43 PM
#3:


Does interest still accrue? Because that actually hurts you more

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eaglei3
12/22/21 2:21:21 PM
#4:


Naysaspace posted...
Does interest still accrue? Because that actually hurts you more

Interest has been frozen the entire time on government loans.
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Lost_All_Senses
12/22/21 2:22:55 PM
#5:


Nice. Im sure everyone with student loan will randomly run into 10s of thosands of dollars they don't need for essentials to pay it off by then.

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dotsdfe
12/22/21 4:46:58 PM
#6:


bknight posted...
Meh, where's that promised $10k loan forgiveness, would take a nice chunk out.

This.

Like, it's not the sweeping forgiveness that people want, but $10k would go a long way for a lot of people, and by all accounts it's within Biden's power to do it. He should absolutely at least do that much.

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Doe
12/22/21 4:48:48 PM
#7:


Why wasn't this always the plan? First the right and progressive left got a chance to run a ton of "another promise broken!" stuff on twitter, now it looks like they were testing what they could get away with. Could've saved a lot of sweat by doing this in the first place.

inb4 "you didn't praise this unconditionally so you're a right winger"

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Flauros
12/22/21 4:50:48 PM
#8:


Pay your debts

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V-E-G-Y-
12/22/21 4:51:04 PM
#9:


Why should only students get $10k? We all should get $10k tbh

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Questionmarktarius
12/22/21 4:52:17 PM
#10:


eaglei3 posted...
Interest has been frozen the entire time on government loans.
You should have just kept on paying this whole time. You'd have saved a fuckton of money when the interest finally starts accumulating again.
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Norman_Smiley
12/22/21 4:54:28 PM
#11:


Questionmarktarius posted...
You should have just kept on paying this whole time. You'd have saved a fuckton of money when the interest finally starts accumulating again.

They people don't want to be responsible for their debts though, they want want everyone else to pay for their college experience.

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SauI_Goodman
12/22/21 4:55:56 PM
#12:


Its just delaying the inevitable lmao. Still gonna have to pay it off. Might as well just do it now and get it over with...

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Smackems
12/22/21 4:57:38 PM
#13:


Bandaid

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darkprince45
12/22/21 4:57:47 PM
#14:


V-E-G-Y- posted...
Why should only students get $10k? We all should get $10k tbh
This for real. Why is it students. Why cant everyone just get 10k or 10k forgiveness

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sondast
12/22/21 5:01:40 PM
#15:


V-E-G-Y- posted...
Why should only students get $10k? We all should get $10k tbh
Because Bush fucked student loans, so student loan forgiveness is just righting the wrong of a past president.

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Questionmarktarius
12/22/21 5:16:25 PM
#16:


sondast posted...
Because Bush(and republicans) fucked student loans
Bush sr, specifically.
https://www.congress.gov/bill/102nd-congress/senate-bill/1150
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Unsugarized_Foo
12/22/21 5:19:14 PM
#17:


At this rate, inflation will give us basically no student loans

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V-E-G-Y-
12/22/21 5:19:34 PM
#18:


sondast posted...

Because Bush(and republicans) fucked student loans, so student loan forgiveness is just righting the wrong of a past president.

In dat case, everyone but people who voted republican should get da $10k

College student and voted republican? Too bad for you tbh

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Questionmarktarius
12/22/21 5:21:13 PM
#19:


V-E-G-Y- posted...
College student and voted republican? Too bad for you tbh
There's absolutely no way to prove that, unless someone is dumb enough to admit it.

...oh, nevermind. That's totally going to happen.
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eaglei3
12/22/21 6:13:12 PM
#20:


Questionmarktarius posted...
You should have just kept on paying this whole time. You'd have saved a fuckton of money when the interest finally starts accumulating again.

I was just answering the question. But I do have money set aside in which I was still saving my payments. I could finish paying them off now, but I am not doing so until the freeze actually ends. I'll be damned if I pay them off and they come out next year and actually give people any money on them and now I am left out.
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Questionmarktarius
12/22/21 7:00:56 PM
#21:


eaglei3 posted...
I'll be damned if I pay them off and they come out next year and actually give people any money on them and now I am left out.
Fair.
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modena
12/22/21 7:05:24 PM
#22:


eaglei3 posted...
I was just answering the question. But I do have money set aside in which I was still saving my payments. I could finish paying them off now, but I am not doing so until the freeze actually ends. I'll be damned if I pay them off and they come out next year and actually give people any money on them and now I am left out.
I was telling a coworker the other day that I would open a savings account and pretend I'm still paying. No interest would help that build faster than standard payments


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littlebro07
12/22/21 10:41:20 PM
#23:


Student loan forgiveness would be cool and all but what about $10k in bullshit medical bill forgiveness

Only in the self-titled best country on earth can you be financially ruined because you had the audacity to have some sort of health problem out of your control that the insurance didnt want to pay for

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CharlesBronson
12/22/21 11:02:32 PM
#24:


put everyone in debtor's prison
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ElatedVenusaur
12/22/21 11:09:17 PM
#25:


littlebro07 posted...
Student loan forgiveness would be cool and all but what about $10k in bullshit medical bill forgiveness

Only in the self-titled best country on earth can you be financially ruined because you had the audacity to have some sort of health problem out of your control that the insurance didnt want to pay for
It really is insane that we're basically the only "developed" country where medical debt and student loan debt are such massive problems.
Unfortunately, those respective industries have grown very fat and wealthy and wield a great and pernicious influence over public policy.

I would much rather be spending money on electrolysis than student loans, personally. Really...anything else. It would even be better for the economy!

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Cocytus
12/23/21 8:15:22 AM
#26:


eaglei3 posted...
I could finish paying them off now, but I am not doing so until the freeze actually ends. I'll be damned if I pay them off and they come out next year and actually give people any money on them and now I am left out.
This
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Wolfesth6090
12/23/21 8:28:38 AM
#27:


A welcome move. Not that anybody on here will give Biden or his administration any credit for doing this.
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Cocytus
12/23/21 8:33:31 AM
#28:


bknight posted...
Meh, where's that promised $10k loan forgiveness, would take a nice chunk out.
This sets the stage for that.
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