Student loans
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@Jolly said in Student loans:
What idiot borrows over 300 grand to be a teacher?
And who would lend it to her?
A. Someone who wants an Ivy League degree but has no money OR someone who wants to life the high life in college
B. Gummint. $303,000 were gummint loans, $20,000 private.
But yeah, that needs to be looked at when the debt is so out of proportion to the potential earnings.
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@Mik said in Student loans:
In this article is exactly the people I do not sympathize with. $323,000 debt to be a teacher.
That's $80K a YEAR?!!!
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@Mik said in Student loans:
@Jolly said in Student loans:
What idiot borrows over 300 grand to be a teacher?
And who would lend it to her?
A. Someone who wants an Ivy League degree but has no money OR someone who wants to life the high life in college
B. Gummint. $303,000 were gummint loans, $20,000 private.
But yeah, that needs to be looked at when the debt is so out of proportion to the potential earnings.
NO... Federal student loans are limited to $57500 if the student is independent and $31000 if a dependent.
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@LuFins-Dad said in Student loans:
@Mik said in Student loans:
@Jolly said in Student loans:
What idiot borrows over 300 grand to be a teacher?
And who would lend it to her?
A. Someone who wants an Ivy League degree but has no money OR someone who wants to life the high life in college
B. Gummint. $303,000 were gummint loans, $20,000 private.
But yeah, that needs to be looked at when the debt is so out of proportion to the potential earnings.
NO... Federal student loans are limited to $57500 if the student is independent and $31000 if a dependent.
And that's the total over 4 years, not annual.
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@LuFins-Dad said in Student loans:
@Mik said in Student loans:
@Jolly said in Student loans:
What idiot borrows over 300 grand to be a teacher?
And who would lend it to her?
A. Someone who wants an Ivy League degree but has no money OR someone who wants to life the high life in college
B. Gummint. $303,000 were gummint loans, $20,000 private.
But yeah, that needs to be looked at when the debt is so out of proportion to the potential earnings.
NO... Federal student loans are limited to $57500 if the student is independent and $31000 if a dependent.
So, I wonder what hijinx is involved that a private, profit motivated company would loan this woman that money? I guess the fact that the loans can't be discharged in bankruptcy would be a factor. I think jon mentioned that.
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Wait a minute... The woman is 53 years old and was in forbearance while she was in school.
Who wants to bet that she went to school in her mid to late 30s full time, lived completely off of student loans, those loans were through Sally Mae making her think they were federal when most weren't, and probably stayed in school to get her masters just because she was stuck living off loans?
Me/rry/Christmas
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@LuFins-Dad said in Student loans:
Wait a minute... The woman is 53 years old and was in forbearance while she was in school.
Who wants to bet that she went to school in her mid to late 30s full time, lived completely off of student loans, those loans were through Sally Mae making her think they were federal when most weren't, and probably stayed in school to get her masters just because she was stuck living off loans?
While it may evoke the feeling of righteousness panning that teacher's unwise decisions, cases like her's are not driving policy proposals. Biden proposed $10k per head for student loan forgiveness, and now Biden is proposing the same $10k he campaigned on.
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@Axtremus said in Student loans:
@LuFins-Dad said in Student loans:
Wait a minute... The woman is 53 years old and was in forbearance while she was in school.
Who wants to bet that she went to school in her mid to late 30s full time, lived completely off of student loans, those loans were through Sally Mae making her think they were federal when most weren't, and probably stayed in school to get her masters just because she was stuck living off loans?
While it may evoke the feeling of righteousness panning that teacher's unwise decisions, cases like her's are not driving policy proposals.
Her case drove that sympathetic MSN article. Such sentiments, propagated by such mainstream media, do, in fact, drive policy. Anything that drives votes, drives policy. That's how that works.
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@Axtremus said in Student loans:
@LuFins-Dad said in Student loans:
Wait a minute... The woman is 53 years old and was in forbearance while she was in school.
Who wants to bet that she went to school in her mid to late 30s full time, lived completely off of student loans, those loans were through Sally Mae making her think they were federal when most weren't, and probably stayed in school to get her masters just because she was stuck living off loans?
While it may evoke the feeling of righteousness panning that teacher's unwise decisions, cases like her's are not driving policy proposals. Biden proposed $10k per head for student loan forgiveness, and now Biden is proposing the same $10k he campaigned on.
And he has a snowball's chance in hell of dragging that one to the finish line.
