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Meet a student-loan borrower with $101,000 in debt who doesn't have 'any hope' with Biden's new plan for loan forgiveness: 'I'm never going to be able to pay it down'
Business Insider ^
| 7/09/23
| Ayelet Sheffey
Posted on 07/09/2023 9:20:37 AM PDT by Libloather
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To: airborne
“ Can anyone tell me what his degree is for?”
I skimmed it for that info. Not only is it not in the first paragraphs it’s no where in the piece
An MBA is not overrated as much as it is misunderstood. It is a supplement to a skill whether the skill is self taught or through an undergrad or a second masters
He ‘works in the energy industry’. That’s how propaganda works. This could be any job but it’s to lead us to think it’s more. He could be working as a cashier at the commissary at an oil field.
And Biden has taken all resources out of the energy industry
We want to pretend there’s an energy industry like the one trump reestablished. Like there’s an admin taking care of it
No.
121
posted on
07/09/2023 11:40:20 AM PDT
by
stanne
To: SauronOfMordor
Completely agree, maybe not the entire amount, but half would do the trick.
122
posted on
07/09/2023 11:41:17 AM PDT
by
rb22982
To: Lonesome in Massachussets
Five figures? That’s 10,000 to 99,999.
123
posted on
07/09/2023 11:46:52 AM PDT
by
JimRed
(TERM LIMITS, NOW! Militia to the border! TRUTH is the new HATE SPEECH.)
To: Libloather
“...I’m never going to be able to pay it down,”
Sure you will Jarrett. IRS will send some hoods with guns and badges to “help” you pay the loan sharks you borrowed from. They’ve got to get their vig plus principal don’t you know.
124
posted on
07/09/2023 11:49:38 AM PDT
by
Bonemaker
(invictus maneo)
To: Jim Noble
Sorry to disagree with you all - these loans should be illegal.
That's a different discussion. Those loans are predatory, and need to be addressed. Forgiving them is not the answer. Their all part of the phony Fed system.
To: Trump Girl Kit Cat
Hell Walmart is starting off their truck drivers at 100K, 2 kids I worked with at Home Depot 20 years old, are in trucking school right now (paid for by Walmart) starting salary upon school completion 100K!! School is less than a year and these 2 kids will be on their way!! That is, until some left-wing scheme like self-driving electric trucks renders them unemployed.
126
posted on
07/09/2023 11:51:38 AM PDT
by
JimRed
(TERM LIMITS, NOW! Militia to the border! TRUTH is the new HATE SPEECH.)
To: Jim Noble
Ya. SUNY took good care of my education as well. Now tuition in my degree is $38000 per year. One has to think of the way above the rate of inflation increase in tuition long before slamming these kids.
127
posted on
07/09/2023 11:52:20 AM PDT
by
stanne
To: Fido969
““Five figures” is less than $100,000.”
Okay, $99,999.
To: Jim Noble
Well, I guess it could happen. It’s 10 time what it was only 30+ years ago.
129
posted on
07/09/2023 11:56:32 AM PDT
by
Leep
(What skill or service did the biden family have that netted them tens of millions of dollars?)
To: stanne
100k @5% 240 months is ($659.96)/month
100k @5% 360 months is ($536.82)/month
To: StAnDeliver
A fool and his money are soon parted. No sympathies for the useful idiot democrat voter.
131
posted on
07/09/2023 12:00:09 PM PDT
by
joma89
(Buy weapons and ammo, folks, and have the will to use them.)
To: DannyTN
I am going to look for some loose change in his financial couch.
Let's start with Starbuck’s. Zero cups a day until you pay off the loan. Assuming 2 a day that's $200/mo. Will also improve your health as you eliminate all that sugar.
Next one internet/streaming service. That's another $100/mo.
Then insurances. Consolidate into 1 policy. Probably $25-$50/mo.
Stop eating out. All meals begin and end at home. You can save $100-$500/mo. Only buy items on sale, use 2/3 stores.
Forget vacations, assume $2,000/year.
Use credit cards that reward you for using their card.
Reduce your clothing purchase and only buy online and on sale.
There's %750 I found in your financial couch.
You can do it, it hurts, you will feel uncomfortable but is is done.
Oh make a budget. Then get 2 dozen envelopes and put cash equal to the budget amount. Envelope is empty and week left in month. Find the money. My mother lived this way. She put three children through college. All got degrees and lived on campus. One got master's and another MD.
Stop whining and solve the problem. Biden can't help you.
132
posted on
07/09/2023 12:08:58 PM PDT
by
Kozy
(new age haruspex; "Everyone has a plan 'till they get punched in the mouth.")
To: stanne
I don’t know, you couldn’t have roped me into that when I was 18. And some/all this debt is from his MASTERS.
133
posted on
07/09/2023 12:12:59 PM PDT
by
Still Thinking
(Freedom is NOT a loophole!)
To: Lonesome in Massachussets
$650 for 30 years. No. 2600 for ten years and get debt free. Pay much less interest
Live in a city close to work no car $2000 per month. No tv. Vacations? No vacations till it gets paid off
Investigate why the Dean of the school is pulling in 3 million and why the administrative staff is quadruple what it was in 198o when there were no computers and baby boomers crowded the school
134
posted on
07/09/2023 12:21:46 PM PDT
by
stanne
To: NorthMountain
Gas monkey in one of the commie states that don’t think you’re qualified to pump gas.
135
posted on
07/09/2023 12:21:58 PM PDT
by
Still Thinking
(Freedom is NOT a loophole!)
To: Still Thinking
A masters was 10 k when it was feasible in my career and I had no real reason to pursue. So no.
136
posted on
07/09/2023 12:22:55 PM PDT
by
stanne
To: Signalman
Exactly. Every government intervention into a segment of our society such as health industry and education prices soar because they know there is an endless supply of money from the taxpayer.
To: Libloather
Jarrett, 38, hasn’t had to make any payments for 3 and a half years and his loan has been intrest free since March 2020.
If Jarrett, 38, wants to know what the problem is, he can simply look in the nearest mirror, that will answer this all-important question.
138
posted on
07/09/2023 12:31:48 PM PDT
by
fatboy
(')
To: Lonesome in Massachussets
From what I have read....6 figures is 100,000 up to much higher. So if this guy is 5 figures...it is 10,000 to 99,999...He probably makes 40,000/year as a cashier at a gas station(he is in the energy business)
139
posted on
07/09/2023 1:15:48 PM PDT
by
Getready
(Wisdom is more valuable than gold and harder to find.)
To: Libloather
I graduated with student loans of more than my first two years of salary, yet managed to pay them off (as did my Daughters)... Of course it involved various jobs during school, as well as a lot of tea and peanut butter sandwiches while at school! Always nice to date a local girl who would invite me to dinner at her home....LOL
140
posted on
07/09/2023 1:24:16 PM PDT
by
ExSES
(the "bottom line")
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