Can we get rid of the “will loans be forgiven???” posts? Student Loans |
- Can we get rid of the “will loans be forgiven???” posts?
- What is the likelihood Biden will forgive student loans ?
- Loan Forgiveness Policy Alternative?
- Severe Distress
- If student loans were restructured with simple interest, could that be viable?
| Can we get rid of the “will loans be forgiven???” posts? Posted: 05 Mar 2022 09:59 PM PST Is there anything that can be done? Unless something new has been announced, none of us know. I've seen multiple of these posts this afternoon [link] [comments] |
| What is the likelihood Biden will forgive student loans ? Posted: 05 Mar 2022 09:43 PM PST I have $60k loans and curious if I should be trying to bring it down to $50k since that's the number I've been hearing. To be honest I have not taken advantage of the zero interest rate but bought a house instead and now … I'm stressed lol [link] [comments] |
| Loan Forgiveness Policy Alternative? Posted: 05 Mar 2022 05:40 PM PST When I listen to the debate around student loan forgiveness, I wonder what alternatives could actually gain meaningful bipartisan support. Would centering the focus on capping the interest be more effective than an "all or nothing" approach?
Personally, I think university should be publicly funded. The U.S. already funds K-12 public education and it is generally accepted by the public. However, I do not see enough political willpower in Congress at the moment to make that leap when it comes to university. Could an interest cap be a viable interim step (or steps) to move beyond the current deadlock and shift the debate? [link] [comments] |
| Posted: 05 Mar 2022 01:34 PM PST Hi. I'm a senior in high school this year. I've just received financial aid notifications for my safety school, and it turns out that I qualify for no financial aid. This school is instate and costs around 18k a year. I literally have no other options lined up for me other than going here and after hearing everyone else boast about how cheap it would be to go to this school, I was pretty settled on it. Now I have no idea what to do. My family makes around 60k a year, I'm an only child, and we have some savings but there's no way I want my parents to spend all on my tuition because they are also in 169k debt because of buying a condo recently. I genuinely cannot justify taking out a nearly 80k loan to go to this school when everyone around me is getting enough aid to go for around 2k-5k a year. I'm in severe distress now, and genuinely don't know what to do. Any advice would be helpful. [link] [comments] |
| If student loans were restructured with simple interest, could that be viable? Posted: 05 Mar 2022 02:40 PM PST It seems that people want to pay what they borrowed but it's the way the interest end up exceeding the original loan by a gross amount. Is there a model if we do a simple interest rate, of say 10%, could that be a viable model to make enough to pay the people facilitating loans and initial investors? I got to imagine even at 20% it would still be less extreme than some stories Of people paying 2x in the initial loan amount and still owe money Edit: I got my terminology wrong. I meant as in if you took a 50k loan you'd only have pay back 60k [link] [comments] |
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