Me too. I ran up some credit cards when I was in school too, so my priority was those. Then the loans.
It’s such an old school notion not to want to be a debtor to anyone.
My daughter has 350k in student loans and is still in residency. You bet she took a break when offered. She has saved snd invested the money and will resume paying when required in October with a. ice nest egg behind her for emergencies
Wait until you’re subsidizing the loan forgiveness program for everybody else.
The schools should be on the hook for unpaid school loans.
I’m all for this. It’s part of NESARA.
Coming soon to a home mortgage near you.
I had my student loans paid off within 5 years of graduation, but I also graduated with an engineering degree and hopped into a decent role within 6 months of graduation. Anyone who got a BA in Liberal Arts is likely standing in picket lines demanding a $15/hr. “living wage.”
Same here...
So since the ‘profit’ was going to fund ObamaCare, now what?
The same for so many of us. Also, the same thing is going to happen for many renters who struggled to continue to pay the rent and now many who didn't are going to get a government bailout if they allege that they couldn't pay because of Covid-19.
Ran across this on YouTube
Your College Degree Is Probably Useless. Dry Bar Comedy
https://www.youtube.com/watch?v=g5e2rfV_Yz4&t=238s
Since the program was taken over by the feds under Obama, there really is no need to pay anything back. This was their intent.
By age of 23, I was working full-time debt free. Still mostly debt free except for a car payment (which I get a car allowance at work for) and have retirement savings well into seven figures.
Not going to college at all worked out very well for me. I also did not let my own children fall into the trap of taking out student loans either. They are all grown up now and doing very well for themselves - with no student loans.
… and rent….
Hello fool, from another fool. You are not alone.
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!!!
“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”?
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
People not paying student loans and not paying rent. What could possibly go wrong.