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Hi Capgemini people, Till 15th November we have to declare our vaccination status so that they can plan back to office for the employees who are fully vaccinated or having report of not having covid. I am Fully vaccinated but if I declare that I am partially vaccinated will they get to know my bluff? Actually I am not much interested to go back to office as of now may be in february it will be fine for me
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Wow. McKinsey, which has the biggest public sector presence of the MBB, really hasn't been doing too hot at all in the sector.
Its presence is tiny and it's gotten even smaller. Meanwhile it's bungling whatever opportunities it's getting.
https://www.propublica.org/article/how-mckinsey-is-making-100-million-and-counting-advising-on-the-governments-bumbling-coronavirus-response
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I’m supposed to be in an IBR program, but because the court rejected President Biden’s plan last summer, I was placed in an extended forbearance. I understand that the government wants to tweak the public interest forgiveness program as well, which could financially cripple many attorneys in public interest law.
The general public is too stupid and/or resentful to understand this 100% spot-on analysis. And the politicians are all over it feeding the narrative for their own benefit. Hopeless situation
I am a government lawyer who was expecting PSLF to work as advertised, but with each new political regime in the WH, the program was changed. Up until Biden's efforts, I was looking at paying my loans until I was in my 70s!
I paid in 20% of my terrible government salary for 20 years. I was finally set free in 2023. You will get through this, no matter what. In the end, it worked out for me but I was sweating every month for years.
Thank you for that encouraging word. Some of us were paying on the loans, but then had to stop due to financial hardship.
Minimum payments til death
Estate 😂😂
I’m not going through probate
Pay back your loans like the rest of us did. you’re a partner now
My thought is that it’s hard to do the right thing, but you ought to pay it back. I’d be surprised if the payment is only 3k on that much, unless it’s a ten year+ payback.
I have found it impossible to refi the loans, another hallmark of this screwed situation- the high interest rates
For all of you who are complaining, those of us who borrowed money to get through school and paid it back with interest as required think you should pay it back. You chose to go to school you chose to take the money. You did not have to go to school. You did not have to go to law school. You did not have to go to the law school you chose to go to. Many of us chose less expensive law schools. Taxpayers and average Americans who could not go to school because they could not afford to and chose not to borrow money. Should not have to pay back your loans. Have all of you who went to very expensive schools considered that you enabled these very expensive schools to continue to charge expensive rates by selecting their school? What if all law students decided to go to reasonably price schools rather than very expensive schools what would the very expensive schools be forced to do? Likely reduce their tuition/fees to compete.
How is that in any way relevant to the discussion? No one is saying you shouldn’t have to pay back the loans?
Exact same situation. No idea what to do.
If worst came to worst and there’s a crazy payment due, you could always refinance pretty quickly for a longer term.
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I just got a letter that my recertification is no longer required until August 2026! So I’m basically riding the optional payments until then.
pls delete before they find this & change the policy 😭
At minimum start paying what you can now? Trying not to judge but as an associate who’s been paying off extra from the jump (even when taking a 50% paycut) it’s hard to sympathize here
I do, have been, and will continue to. That is great you’ve done that. However, everyone’s circumstances are different. No one is looking for sympathy. Was simply asking what everyone else’s plans were. Regardless of your own journey, I don’t think it’s difficult to recognize the ridiculousness of telling people they will owe X and then years later, after people have lives based on that expected amount, double or triple it.
I would NOT privately refinance despite what some of the comments say. You *may* get a slightly lower interest rate but will lose the flexibility with the DOE lender. You can utilize forbearance and income based repayment programs (and others). These are not options with a private refi. You will also lose any chance for a loan discharge or forgiveness. For example, a lot of borrowers recently had all loans discharged under the Sweet v. Cardona lawsuit. Anyone who did a private refinance did not benefit from the discharge. It's unfortunate to be burdened by this debt for our whole lives but I strongly deter against private refinance.
I have around $230k in student loan debt. I am on a 10 year payment plan but my personal payment plan is only about 3-4 years, so long as I get my annual bonuses (missed hours in 2024, unfortunately). I pay around $2500/month. It’s honestly pretty awful but the crux of the problem here is that we have no real choice. Unclear why student debt wasn’t forgiven when congress + presidency was majority democrats. Just shows me it’s not really a priority for anyone and we just have to pay it off. I’m scared that the terms will entirely change if our loans gets transferred out of the DOE. For that reason, I may use some trust money I have to pay it off (was supposed to be a down payment for a home but alas).
My parents didn’t pay for anything. I took loans for college and grad school. I paid them off. It’s disgusting you think Congress should’ve passed total loan forgiveness like you’re entitled to it. “Gimme gimme gimme.” Gross. I’ve said the same thing to the half a dozen friends I have in your shoes, so hiding I am not.
To be fair, I agree that what’s currently going on (I.e., the uncertainty and surprise hikes) is absolutely ridiculous and unfair.
How much is in your trust fund, btw? Curious because I don’t have one so idk how much usually goes in one 🤷♂️
Same I’m at almost $300k, 10 years in, and paying $800 a month based on a pre-covid relatively low paying job. Now making double but got a letter saying I don’t have to recertify income until fall 2026. I believe my loans are eligible for forgiveness after 20 years. I had an AI run the numbers and it makes sense to pay the minimum and just pay the tax bomb.
How much do you anticipate your tax bomb will be?
Recommend private consolidation and refinancing for a lower interest rate. I just did this and it’s intense but I have $280k and it should be paid off in about 8 years. Run your numbers but even if your remaining amount is “forgiven” after 20-25 years, you’ll likely be taxed on the large remaining amount as income at the end and I found that I’d be paying the same amount in the long run as I would if I just went ahead and wiped it out sooner.
What’s your monthly payment on a private consolidated plan?
I’d be willing to forgive all the loans if the government cut me and my wife a check for the total of the student debt we paid off, plus interest through today.
Is interest continuing to accrue?
Wait why aren’t my payments set to $0? I’m also on PAYE, and haven’t had to recertify since COVID.
Out of curiosity, are you gonna do PAYE the full 25 years with the tax bomb at the end?
Ditto - saving for taxes and investing until then
call and tell them your other financial obligations to work something out, they can manually adjust your payment don’t let them tell you otherwise
If take the loan, then repay the loan.
There should be some cost-benefit analysis on an individual basis before actually enrolling in a school and accepting a loan. There are terms and conditions such as Repayment. And, if its a federal loan, its money for an intended use where only the interest on repayment of the loan would make it worthwhile for the tax payers. There is no guarantee that someone on a public loan goes through school as efficient as possible or actually comes out a benefit for anyone. There is such a thing as a useless degree or certification.
This goes for any type of debt-borrowing, credit cards especially.
PS 1, not sure how you could have interpreted anything said as people not willing to repay the loan. Maybe you just don’t understand what is happening. As you said there were terms and conditions of repayment. Those were agreed upon. And now they have been completely changed years later. What don’t you understand about that?
I guess you shouldn’t have borrowed money you couldn’t pay back, huh?
I know for a fact that Dean Hamack does not tolerate irresponsibility and loves egg salad so much that he can’t stop talking about it