Posted on 07/16/2021 5:14:19 AM PDT by millenial4freedom
In the 2020 CARES Act, Congress gave student-loan borrowers a temporary break from repaying their loans. President Trump extended that twice and President Biden once, with loan payments now set to resume Oct. 1, 2021. Borrowers could have kept paying if they wanted to, but almost nobody did. As Tom Lee of the American Action Forum recently explained, the portion of borrowers repaying their student loans dropped from 46% at the beginning of 2020 to 1% today. The portion of borrowers in forbearance rose from 10% to 57%. The rest include borrowers who are still in school, who have gotten deferments or who have defaulted.
(Excerpt) Read more at finance.yahoo.com ...
… and rent….
Hello fool, from another fool. You are not alone.
I know a guy who went into major debt for law school. He lasted 5 years as a lawyer but still owes the money.
“I was lucky”
No, it was good planning and discipline. My sister-in-law and her hubby are libs and they have a mindset where if you get up and go to work in the morning, that means you are lucky. They can’t drag their butts out of bed, so they are unlucky, and lucky people like me need to support them. I cannot stand this excuse for willful sloth. You make 99% of your own luck.
I have no doubt many simply stopped payments in the hope that Biden would have me pay off their loans for them.
Election integrity is being attacked as racist. Personal integrity can’t be far behind.
Force the Universities to use their TAX FREE ENDOWMENTS to pay off Student loan debt!!!
Force the Universities to use their TAX FREE ENDOWMENTS to pay off Student loan debt!!!
I don't know. There's something to be said about learning from your mistakes. The best way for former students to learn to not trust government paid "advisors" (as almost all colleges are public ones) is for the onus to be on the students to pay off loans they agreed to.
Let them feel the pain and they'll be liable to raise their kids to not trust the high school and college advisors who steer kids to college with no real career planning. That'll greatly reduce demand for bull crap college "training", which is the best way to make all this detrimental indoctrination go away.
Then colleges will go back to training people how to do well. You can still get that kind of training in college now, but you have to look for it. If you pick your career first, then ask people already in that career what kind of training is good for them to one day want to hire you, they'll tell you what training has actual value. And sometimes that's college, sometimes specific majors from specific schools. Every industry in your area knows the different 10-week programs, 2 year schools, colleges, and/or grad schools that teach what you need to know for that industry with less of the useless garbage.
“Almost nobody is repaying their student loans”
Really?
Correction: “Mr. US Taxpayer” is paying-down those loans (ALONG WITH the cost of his OWN child’s education).
Can you say, “THEFT”?
"God Bless The Child That's Got His Own" - Billie Holliday and Arthur Herzog. The recording of the song was released in 1941. That was 80 years ago, and should be the mantra still today. Not, "what can I get for free?"
I have a student loan. I had my payments set on automatic. I never turned it off. One day, they stopped taking money from my account, even though I only owe a few thousand.
The “Underemployment Rate” [~11% to ~73% by major] is the often sad reality of the college graduate labor market:
https://www.newyorkfed.org/research/college-labor-market/college-labor-market_compare-majors.html
Luck is the residue of good planning.
I recently read a piece where the term “hard work” is damaging to minorities and women. Personal integrity for sure will be in crosshairs soon as a term of oppression brought on by the white slave owning patriarchy.
People not paying student loans and not paying rent. What could possibly go wrong.
The real shocker for me is that Rick Newman actually wrote something reasonably interesting and substantive. Most of his columns are rants against President Trump or shilling for Sock Puppet Joe.
On the hard work front, they seem to be attacking at both ends, working to the middle. Breaking your back working in a warehouse....snowflakes seen to think they’re the equal of longshoremen, 60 years ago....is no less “selling your body” than is prostitution. They want to legalize the latter, and eliminate the former as wage slavery. Honestly, a lot of them seem offended that they even have to show up on a schedule to be paid.
Younger kid is continuing to pay hers every month. Didn’t even consider otherwise.
What a fool I was to pay for mine and our kids’ at the beginning of each semester after all the seriously hard scrimping and saving.
CARES Act is named aptly. Who cares? Let someone else pay for that Liberals R Us class.
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