Free Republic
Browse · Search
General/Chat
Topics · Post Article

Skip to comments.

A 34-year-old accountant who paid off $100,000 in private student loans says they deserve relief too
Fortune via Yahoo ^ | August 28, 2022 | Trey Williams

Posted on 08/28/2022 8:45:54 AM PDT by grundle

Ash, a 34-year-old accountant from Connecticut, graduated from college in 2009 year with more than $100,000 in private loans, she says.

Still, she thinks of herself as relatively lucky. With the help of her husband, who didn't have his own student loans, they managed to pay them off in March 2022, after 12 years of making sacrifices so they could afford the monthly loan payments.

Even if Ash, who asked Fortune not to share her last name to protect her privacy, hadn't completely paid off her loans earlier this year, she wouldn't have benefited from Wednesday's student loan forgiveness announcement. There will be no relief for the roughly 2 million private student loan borrowers. The Biden-Harris Administration's debt forgiveness plan wipes out $10,000 in federal student debt for borrowers making less than $125,000 a year, and up to $20,000 for those with Pell Grants.

Ash is frustrated by the news and the limitations of Biden's forgiveness program.

"Why aren't there resources to help those with private loans get forgiveness?" Ash says. "It's like I was told that if I went to college I'd be able to get a good job and support myself and family, and that's just not always true in our current environment."

When she looks at all the money she paid to free herself from the shackles she felt her loans put her in, she thinks of all the other places that money could have gone and how different her life could have been: "I could have bought a house. My situation could have been different."

(Excerpt) Read more at finance.yahoo.com ...


TOPICS: Miscellaneous
KEYWORDS:
Navigation: use the links below to view more comments.
first 1-2021-4041-6061-8081-90 next last

1 posted on 08/28/2022 8:45:54 AM PDT by grundle
[ Post Reply | Private Reply | View Replies]

To: grundle

I don’t think this is the voter delight that dems may think it is. There has to be millions more voters who have paid off their own loans, plus the voters who now have to pay off loans that they had nothing to do with.....that’s a lot of ticked off voters.


2 posted on 08/28/2022 8:48:37 AM PDT by JudyinCanada (Maranatha)
[ Post Reply | Private Reply | To 1 | View Replies]

To: grundle

Stop voting libtard and improve your standard of living a hundred fold


3 posted on 08/28/2022 8:48:56 AM PDT by NWFree (Somebody has to say it 🤪)
[ Post Reply | Private Reply | To 1 | View Replies]

To: JudyinCanada

Some folks paid for their education in cash; no loans at all.

I guess we’re just dumb schmucks ...


4 posted on 08/28/2022 8:50:46 AM PDT by NorthMountain (... the right of the peopIe to keep and bear arms shall not be infringed)
[ Post Reply | Private Reply | To 2 | View Replies]

To: grundle

I knew an engineer who had student loans. He never went out to lunch with us, preferring to eat a PBJ at his desk. He got a crap apartment close to work so he could bike there even if it was pouring down rain, because he didn’t own a car. He dressed in rather ratty student-looking clothing. He had the whole thing, 50k, paid off in about 18 months.

I think that’s the way it was supposed to work.


5 posted on 08/28/2022 8:51:21 AM PDT by Gen.Blather (Wait! I said that out loud? )
[ Post Reply | Private Reply | To 1 | View Replies]

To: grundle

If this accountant figured that borrowing 100+K to learn accounting was a good idea, I figure she does not need me to support her. She can dream up a balance sheet on her own.


6 posted on 08/28/2022 8:52:55 AM PDT by Mouton (The enemy of the people is the media )
[ Post Reply | Private Reply | To 1 | View Replies]

To: grundle

Biden thinks this will shore up support for the Dems, but it’s likely to p*ss off just as many if not more voters than it attracts.


7 posted on 08/28/2022 8:55:24 AM PDT by jimwatx
[ Post Reply | Private Reply | To 1 | View Replies]

To: jimwatx

The universities charge too much.


8 posted on 08/28/2022 8:56:06 AM PDT by Cowgirl
[ Post Reply | Private Reply | To 7 | View Replies]

To: grundle

Gimme, gimme, gimme,...

Lousy stinking panhandler.

I have more respect for the people holding signs on the corner, at least they are working for the handouts.


9 posted on 08/28/2022 8:56:53 AM PDT by READINABLUESTATE (It would be better to live under robber barons than under omnipotent moral busybodies.)
[ Post Reply | Private Reply | To 1 | View Replies]

To: Cowgirl

And they will continue to charge too much with bailouts like this.


10 posted on 08/28/2022 8:57:18 AM PDT by jimwatx
[ Post Reply | Private Reply | To 8 | View Replies]

To: grundle

This isn’t about relief for borrowers. It’s about relief for the loan mediators who would never otherwise see the money they lent out

The colleges already have the money. They raised the tuition overinflated administrations and their salaries

The students will either pay or not pay

This is about how the Obama administration had the government take over the loan industry in 2009. They took advantage of the most vulnerable among us - as sadistic dictators are won’t to do- and now the debt is too high.

It’s screwed up as is everything touched by Obama

Obama said don’t ever underestimate the ability for Joe to f everything up

While it is true that JB is a major screw up, that was projection. They do it to each other as much as they do it to us


11 posted on 08/28/2022 8:57:23 AM PDT by stanne
[ Post Reply | Private Reply | To 1 | View Replies]

To: grundle

When the **** am I going to get some “relief” for thousands of dollars I paid in taxes over the 54 years I spent working and even in retirement in my lifetime?! This BS is getting sickening.


12 posted on 08/28/2022 8:58:44 AM PDT by FlingWingFlyer (I always thought a Merry Garland was a Christmas tree decoration.)
[ Post Reply | Private Reply | To 1 | View Replies]

To: JudyinCanada

Not to mention VOTERS WHO NEVER TOOK OUT STUDENT LOANS IN THE FIRST PLACE. They’re getting stuck with the bill from tatted purple haired losers with useless degrees in subjects ending in “studies”


13 posted on 08/28/2022 8:59:18 AM PDT by from occupied ga (Your government is your most dangerous enemy - EVs a solution for which there is no problem)
[ Post Reply | Private Reply | To 2 | View Replies]

To: Cowgirl

like all businesses, they charge what people are willing and able to pay.

The more government subsidizes college, the higher the prices will go.

Like so many things, the government created the college cost crisis.


14 posted on 08/28/2022 8:59:38 AM PDT by TexasFreeper2009
[ Post Reply | Private Reply | To 8 | View Replies]

To: grundle

Everyone knows that productive, responsible people get few breaks and sad-sacks and the black sheeps have the world tripping over themselves to “help”…(the self-righteous high is irresistible to the helpers).

To get that “help” you have to be pathetic in some way, and who wants that? Be happy if you are productive and can say you squared your debts. There’s satisfaction in that which no freeloader can steal.


15 posted on 08/28/2022 9:00:21 AM PDT by avenir (Information overload = Pattern recognition)
[ Post Reply | Private Reply | To 1 | View Replies]

To: JudyinCanada
EVERYTHING the Dumbocrats do leads to divisions among the populace. They are scum personified.
16 posted on 08/28/2022 9:01:48 AM PDT by neverevergiveup
[ Post Reply | Private Reply | To 2 | View Replies]

To: Cowgirl
The universities charge too much.

Non-academic administration.

Here's just two schools. I'd bet every major state college has similar "Diversity, Inclusion, and Equity" departments.


17 posted on 08/28/2022 9:02:28 AM PDT by Drew68 (Ron DeSantis for President 2024)
[ Post Reply | Private Reply | To 8 | View Replies]

To: grundle

And now all the worthless pigs try to get their turn at the criminal government trough.

Taxation is theft.


18 posted on 08/28/2022 9:03:13 AM PDT by joma89 (Buy weapons and ammo, folks, and have the will to use them.)
[ Post Reply | Private Reply | To 1 | View Replies]

To: Gen.Blather
He had the whole thing, 50k, paid off in about 18 months.

I know a 60yo male who is thrilled with the student loan gift. Rather than paying off his student loans, he chooses to fly first class, own the latest and greatest iPhones, iPad Pro, iMac, and shop at Fresh Market. He filed bankruptcy a while back. Today he lives rent-free, with his elderly widowed mother. She cooks his meals. Did I mention he is a dyed-in-the-wool liberal?

19 posted on 08/28/2022 9:03:39 AM PDT by NautiNurse (Ron DeSantis is Top Gov)
[ Post Reply | Private Reply | To 5 | View Replies]

To: grundle

A 34-year-old accountant

Stay away from that one not good with numbers.

Biden crime family lifts eye brow


20 posted on 08/28/2022 9:04:55 AM PDT by Vaduz ( )
[ Post Reply | Private Reply | To 1 | View Replies]


Navigation: use the links below to view more comments.
first 1-2021-4041-6061-8081-90 next last

Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.

Free Republic
Browse · Search
General/Chat
Topics · Post Article

FreeRepublic, LLC, PO BOX 9771, FRESNO, CA 93794
FreeRepublic.com is powered by software copyright 2000-2008 John Robinson