Damn Student Loans

I've got about £900 left to pay on a loan I started paying back in 2002. I swear I borrowed no more than about £15-18k at the time but have been paying back upwards of £100 or more a month. Bonkers

paused again through 8/31

nice, paused until just before the election, smart

I’ll believe it when I see it, but apparently Biden just chopped off $10,000 off of everyones’ student loans, which would automatically make him the single greatest president in the history of the United States including the future.

that is 8 months rent. it's in a similar ballpark to capping out of pocket spending for drugs at 2,000. a toss of rice out of the bag. your hyperbole is ridiculous.

i'm not a number jockey so idk how exactly it compares but the public service loan forgiveness program is a lot more dramatic if you're, say, a post office employee for 10 years.

that being said i think there's a decent chance the repayment start keeps getting extended, which is much more enticing to me personally than $10k.

Continually delaying repayment until a Republican President has to be the one to make everyone start paying is the such a political gimme.

i'm not a number jockey so idk how exactly it compares but the public service loan forgiveness program is a lot more dramatic if you're, say, a post office employee for 10 years.

Guess it depends how in debt someone is. I'm eligible in my job, but am only ~$15 grand in debt. So with minimal payments i'd be paid off before loan is forgiven. Coworker is like $100 grand in debt so he's absolutely going for the forgiveness

does anyone know if there are limitations re where you can apply this 10k (i.e. govt loans vs private bank loans)

just for federal loans

right outdoor_miner that makes sense, admittedly blinkered by the massive amount of debt i have.

student loan relief decision from SCOTUS due this month:

https://www.forbes.com/sites/adamminsky/2023/05/17/huge-student-loan-forgiveness-decision-is-only-weeks-away---key-details

really got to stop referring to it as 'forgiveness'

fuck my life

ja

https://www.youtube.com/watch?v=MmMnISN3e3E

from the us politics thread:

https://prospect.org/education/2023-07-05-biden-administration-begins-student-debt-relief-plan-b/