Can't tell if this is an endorsement piece in its purest form or the actual truth. As of today, and as we near the election date, the news is that the Biden admin is planning to forgive another $4.5M in debt. What are your thoughts?

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I am on board for PSLF, but for blanket forgiveness I don’t believe loan forgiveness is sustainable solution. I am in favor at capping interest rates at 2.5% for undergraduate and 3.5% for graduate loans. This would apply to any existing and new loans. My logic is that lower interest rates provide instant relief to existing borrowers and still encourages people to invest in upper education without counting on loan forgiveness in the future.

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Not mad that student loans being paused means I can use the money for Christmas. Are you still making payments during the pause? Or are you saving the money for something else. My christmas present to myself is a spa day!

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Just hit $100k NW today and it’s pretty exciting for me. I was at -$50k (student loans) before graduation in May 2019.
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Additional Posts in Student Loans

SOFI or who else?

Not mad that student loans being paused means I can use the money for Christmas. Are you still making payments during the pause? Or are you saving the money for something else. My christmas present to myself is a spa day!

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If you could go back in time what would you tell yourself before taking out student loans?

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Can grad students get $20k forgiven if they got Pell in undergrad but outstaning loans are only for grad school?

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Does having student loans impact your ability to get a mortgage?

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Are you doing what you thought you would be when you took out your student loans? If so, do you feel like taking out your loans was worth it?

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In a perfect world how much would you want to make a year to both pay off your loans and live a good life? I think I'd need to make upwards of $200k to pay off my loans, take care of my family and live a fulfilling life.

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I have a 25K loan from my MBA. I paid off 100k whole, after graduation. 3 years ago, I moved my loan from federal to private ( SOFI) account. I recently lost my job. I have applied for unemployment, as the severance that I received will only cover for 2 months. Together my husband and I used to make less than 250k after tax. Now, with a loss of pay , we are going to make less. Do you think I will be eligible for Loan forgiveness?

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Curious to know how much your student loans were when you graduated from your program, how much you’ve paid off so far, and your age. If you have any varying factors too, like kids, income range, etc. Just trying to see if I’m on track or slacking in life. I am 34 yo, i graduated with 95k in student loans, i currently have 85k left and i make 85k in come. I’m also a single mom with two kids. Just praying for 100% student loans forgiveness. Wishful thinking???

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Has anyone refinanced their student loans on h1b visa? Is common bond the only option?

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