Meet a 30-year-old with $110,000 in student debt who chose her job in hopes of public-service loan forgiveness — but her balance just keeps growing [People who are this dumb should not be allowed to borrow money]

Insider via Yahoo ^ | October 30, 2022 | Juliana Kaplan

[grundle]

Her monthly payments are way too small. That's why her balance kept going up instead of down. People who are this stupid should not be allowed to borrow money. And try drinking some water.

[BobL]

Look at the bright side for her - she can blame her debt for the reason that no guy (or whatever) wants a serious relationship with her.

[kiryandil]

A journalist [aka Failed English major] who also can't do arithmetic [innumerate].

What could possibly go wrong?

[ClearCase_guy]

Paying the absolute minimum. Does she not understand how this stuff works? Manifestly not.

[HighSierra5]

Educated derelecks.

[KevinB]

Journalism degree. LOL. N

[Leaning Right]

> People who are this dumb should not be allowed to borrow money. <

People this dumb (naive, actually) should not be lent money. But unfortunately we are dealing with the banks and universities vs. naive kids. The naive kids are gonna lose most of the time.

[Nifster]

And yet oddly enough she wants my daughter and her husband who graduated with zero debt to pay off her loans. My daughter worked and saved to do her graduate degree. Again no debt

[Nifster]

Anyone with hair that color is too stupid to do math. Plus a journalism degree is never going to increase your earnings enough. Go to Macdonald U become a manager and then an owner

[17th Miss Regt]

Journalism. Sigh....

Lady, journalists are a dime a dozen. You went to an expensive school for a degree that pays s**t. You should look up the phrase “cost/benefit analysis” and maybe even understand what it means.

I will admit that when I interview technical job candidates with purple and green highlights in their hair I eliminate them immediately. However, I always find that there is a very legitimate reason for rejecting them other than their highlights.

[BRL]

Go to school. Become awash in debt. Leave convinced that you are smarter than everyone else.

[SaveFerris]

Knew a pretty girl about 11 years ago

She had $150,000 in college debt

Told me she was think about going for her Master’s

In what, I have no idea

Good professor

He really seems to care

About what, I have no idea

[SauronOfMordor]

Colleges should be required to cosign these loans. Suddenly they will lose enthusiasm for admitting unqualified students.

[SaveFerris]

Where’s my $20,000 Joe?

[lizma2]

College wouldn’t be so expensive in the government hadn’t got involved.

My tuition doubled every year after Guaranteed Student Loan came into play.

[immadashell]

… for a master's in journalism…

This is all you need to know, the blue haired babe is dumber than a red brick.

[oneandfinished]

.....her balance just keeps growing.....

What Is Capitalized Interest on Student Loans?

https://www.nerdwallet.com/article/loans/student-loans/student-loan-interest-capitalization#:~:text=Capitalized%20interest%20on%20student%20loans%20increases%20the%20total%20amount%20you,as%20during%20deferment%20or%20forbearance.

https://www.washingtonpost.com/education/2022/07/09/biden-student-loans-interest-capitalization-limits/

[peggybac]

A single woman making 90K now should be able increase her monthly amount. I lived in LA making a third of that and was able to save tons of money.

[AF_Blue]

For Laine, a 30-year-old who has over $110,000 in student debt, the $20,000 in forgiveness she's set to get from President Joe Biden's plan is just a drop in the bucket.

$20k forgiveness on a $110k loan is NOT "just a drop in the bucket", it's 18% of your loan paid off by taxpayers who have real jobs, and can manage a budget.

[ETCM]

She went on to a "dream school" for a master's in journalism

I guessed before I clicked...

$300/mo on a $100K loan? I see she skipped math.