To pay off your loans or to see if loan forgiveness will return? That is the question.

likefunny
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Pay your debts like you promised. The rest of us have no interest in repaying your student loans.

likefunny

My loans became twice what I borrowed, even though I made every payment. Just paid them off ~20 years later, wasn't eligible for the forgiveness programs and I'd still gladly help anyone else who was in this position. Anyone who thinks people asking for loan forgiveness are lazy, entitled, etc are ignorant to the fact that the interest rates are robbery... we practically children when we take out these loans and promised by the schools that will make a specific salary to pay off the loans within 5 years. Lies....

likefunny

Everyone on this bowl makes too much money for the plans being proposed. You will have to pay it back unless you have poverty in your future

like

No way Biden opens this up to white collar folks. 67k/yr is more like it

like

Well, right now it’s interest free so you still have a little bit of time. make the minimum payments and see how it goes.

Biden is running for reelection and this was a big selling point for his campaign so I’ll be surprised if they don’t try to get a push through in some way.

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This is a great question

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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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likeuplifting

Making a lot of money relative to the average but feeling poor? Median after-tax income was ~$55,000 in 1981 and was ~$73,000 in 2020. Using a Bank of Canada inflation calculator $55,000 in 1981 is equivalent to ~$165,000 today, which would put someone in the top 10% of earners today. But in 1981 the median family had that extra money. Who can I blame?

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likeuplifting

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