GrandThingsSo I believe I'm one of the more liberal people who comes on this site. But Student Loans and loan forgiveness are the one area where I feel no empathy at all. That shit is on you. You were the one who agreed to take on these loans and dug your own fucking grave and additionally, there are SO many way's to avoid this.
I come from a low income family and because of this, busted my ass in high-school to make sure I could get into universities that were need-blind admissions and had large endowments able to help me afford an expensive private education. I applied for every fucking scholarship under the sun, (including taking the SAT's three times to meet the honors-student bars), and worked on-campus all four years of school. I graduated with ~40k in student loans and paid that shit off within my first 5 years out of school. (The general rule of thumb is to never take on more loans than you could potentially make in a first-year salary)
Again, I know things are different for everyone, but the vast majority of people graduating with $100k plus of student loans are just lazy fucks who dont know how to use the system and dont want to try.
Yeah I have to agree with this. First off people who go to school and accrue $100k in loans for art school are stupid. So many people at my school I wondered this about. I went to a private school because I got early acceptance into my program and wasn't gonna risk it elsewhere. But otherwise fuck private schools and their cost. Public all the way. Some majors it's unavoidable though to accrue lots of loans. $90k of my loans are from my last 2 years where scholarships aren't allowed--absolutely garbage. The other years I had half my tuition in scholarships, cuz unfortunately there were no full rides unless one played sports. Only way to get that shit paid for would be to sign with the military. Currently have $120k in my name. And about $100k in my mom's name which I am paying on. I considered living at home for a few years and paying it all off as a few classmates have done, but career opportunities called and ruined that idea. Since I'm eligible for the public service loan forgiveness program, I'm sure as fuck gonna take advantage. I'll still end up paying about $85-90k back over 10 years. The problem with the program is it was so popular, congress fucked themselves and had to cancel it for anyone after a certain year. Huge waste of money. I'm basically grandfathered in but pretty sure it doesn't apply to kids entering school now.
What really pissed me off though was all these retards didn't follow the rules with qualifying employment and qualifying payments and then a few years ago cried when the gov said their payments didn't count. There were tens of thousands of people. Congress passed an emergency bill to cover them. Absolute garbage. If you can't read the fine print and follow the rules, you can go home
The other forgiveness route for non pslf is like 20 or 25 years I think? Kinda pointless by then cuz you'd have paid so much more than the original principle.
I know you weren't calling me out but since I have experience with a similar situation I figured I'd weigh in. If I ever had to move out of a pslf qualifying job I would definitely be paying it off asap. Or if I ever miss a payment, the 120 payments restarts, so I'd say fuck it and try to pay it off.