Do you have student debt?

[lucio]

Well, not for long!!

Democrats ramp up pressure on Biden administration to cancel up to $50,000 of student debt

Democrats led by Schumer and Warren are reintroducing a resolution calling on Biden to cancel student debt through executive action.

www.cnbc.com

 

[Fever757]

Mine is paid off. My wife still has about $60k.

She was going to refi through SoFi and I told her to hold out and see what happens here with the federal programs in case Biden got elected.

I have a feeling that because of our income bracket we will be fucked though which is bullshit. I paid off over $200,000.

 

[TopHook]

Nope. Went to work and got a mortgage.

 

[Molon Labe]

Hell ya. Biden gonna make that 420k disappear. Fuck ya you hapless retard.

 

[Alpha_Cock]

What a terrible precedent to set for young people in America. Make stupid decisions, and the government will bail you out.

I don't disagree that student debt of $100s of thousands is absolutely ridiculous. But, universities did this. Make them refund some portion back for their extremely inflated tuition costs, don't make taxpayers do it.

 

[Woeagle]

I did, but was a responsible adult and worked hard to pay them off early. If they do this I very well might storm the capital

 

[Sikness23245]

Only part of the Biden presidency I'm excited for. Also pressing the issue might be the only thing I support Schumer and Warren on. Before year's end would be just fantastic.

 

[Guyasuta Genac]

What % of the population never attend college?

What % of college graduates/attendees have already paid off their loans?

 

[CumAllahHerAss]

What a terrible precedent to set for young people in America. Make stupid decisions, and the government will bail you out.

I don't disagree that student debt of $100s of thousands is absolutely ridiculous. But, universities did this. Make them refund some portion back for their extremely inflated tuition costs, don't make taxpayers do it.

They can't, they've already spent it on upgrading literally every single building on campus in addition to adding new buildings, dorms, and stadiums. That money is long gone. Seriously though, I graduated ten years ago and half the campus has new buildings already.

 

[d-tiger45]

Paid off mine for going to a private college. If they cancel debt I’d like a tax free check sent to me for a refund of debt repaid.

 

[dirtytoeddawg]

Worked full time, went almost exclusively at night, paid my own way 100%. Took almost 7 years to get the degree but whatever.

 

[Alpha_Cock]

They can't, they've already spent it on upgrading literally every single building on campus in addition to adding new buildings, dorms, and stadiums. That money is long gone. Seriously though, I graduated ten years ago and half the campus has new buildings already.

Then, universities should issue bonds to get the cash flow together. It is very true that they have spent those tuition hikes on capital projects. They are, after all, not-for-profit. So, they have to get rid of that equity somehow.

 

[Gators40]

Still have 15k , not to bad since I refinanced. Do I still get it taken away if I refinanced? If not, I’m going to write a strongly worded email! I’m glad my education did absolutely nothing for my job today! 5 years of partying was worth it I guess

 

[lucio]

I mean, of course is a great investment for the federal government to pay off a Gender Studies barista $50K worth of debt

 

[noelnole]

i wonder if this will be retroactive? i repaid mine 20 years ago

what about the kids in school now? will their loans be forgiven after graduating?

and is this undergrad, grad school etc?

 

[Simmer007]

Well, not for long!!

Democrats ramp up pressure on Biden administration to cancel up to $50,000 of student debt

Democrats led by Schumer and Warren are reintroducing a resolution calling on Biden to cancel student debt through executive action.

www.cnbc.com

Not
Since biden was elected I don’t

 

[44Bobcats55]

Since mine was about 2500 per year and I was on an athletic scholly, I am good. The 80’s rocked.

 

[Nas]

No. Realized I was making a mistake 3 years in, and joined the military. Jokes on me, when I was overseas i got a notice my loan repayment went to collections. Fine print in the contracts if you joined during the Troop Surge of 08. Paid off the rest when I got home. Did HVAC at a trade school after, gubment paid 500 a semester, IIRC, out of the 1200 cost per semester. Paid the rest out of pocket.

 

[CBradSmith]

No. Realized I was making a mistake 3 years in, and joined the military. Jokes on me, when I was overseas i got a notice my loan repayment went to collections. Fine print in the contracts if you joined during the Troop Surge of 08. Paid off the rest when I got home. Did HVAC at a trade school after, gubment paid 500 a semester, IIRC, out of the 1200 cost per semester. Paid the rest out of pocket.

So were you screwed or not? You lost me.

 

[Nas]

So were you screwed or not? You lost me.

Indeed I was. SLRP was to pay the debt i had. For whatever reason they decided to quit paying when I was overseas and unable to do anything about it. Had to pay the rest out of pocket when I got back to the states.

The HVAC thing I didn't take any loans out. Paid up front on my own.

 

[Spc311]

Had a bit, paid it off while working two jobs and living at home the first year.

 

[MittRomneysDrawers]

I have 80k. I have 140k worth of Crypto so if that doubles or goes higher and becomes enough to pay my house off as well, I'll consider selling and eliminating..

My only other debt is my mortgage, which technically I could pay off the SL Debt with doing a Refi.

 

[Rebarcock.]

Worked full time, went almost exclusively at night, paid my own way 100%. Took almost 7 years to get the degree but whatever.

Same. 8 yrs. Opened uo at steel shop at year 5 too. Fuck all this bullshit. I sure hope this does not happen

 

[Joewildcat8]

Co-signer of my daughters loans

 

[Mud flap]

I was a co-signer for all three of my kids, I’ve got two paid off with one that starts payments in May.

 

[Mud flap]

When all three are paid off I’ll be just shy of $500k in college cost plus the vehicles, clothing, food, sorority etc.

 

[ChicagoFats]

No student debt. One thing my parents gave me was a free college education and I plan on doing the same for my 4 kids. Set up, and have been contributing, to their 529 plans since the week that they were born. I still had jobs in high school and college, but it was definitely a lot of pressure taken off not having to pay tuition. A great gift and consider myself lucky.

 

[Rebarcock.]

No student debt. One thing my parents gave me was a free college education and I plan on doing the same for my 4 kids. Set up, and have been contributing, to their 529 plans since the week that they were born. I still had jobs in high school and college, but it was definitely a lot of pressure taken off not having to pay tuition. A great gift and consider myself lucky.

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