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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: Libloather

I paid off a mortgage about that big. Come on, kid, you can do it.


161 posted on 07/09/2023 5:25:05 PM PDT by muir_redwoods (Freedom isn't free, liberty isn't liberal and you'll never find anything Right on the Left)
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To: Night Hides Not

10 cents above minimum wage, but some overtime that summer after school.


162 posted on 07/09/2023 5:31:33 PM PDT by meyer (FBI = KGB for the DNC; IRS = Gestapo)
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To: Lonesome in Massachussets

“ He earns “five figures”, a minimum of $100,000 bucks.”
Five figures could be as little as $10,000.

He has an MBA. He could be earning $125,000 in a few years. Paying it back is completely possible


163 posted on 07/09/2023 5:58:32 PM PDT by muir_redwoods (Freedom isn't free, liberty isn't liberal and you'll never find anything Right on the Left)
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To: meyer
I painted with way too wide a brush.

In a sense, I do as well ... my experience of small(ish) classes almost exclusively is probably not the norm. I earned the BS at one of the Catholic universities in southwest Ohio. Due to the invasion of woketards and leftists in American colleges and the notorious 'diversity' emphasis in admission, it has become fashionable around here to deride the very idea of university education. I think that's a mistake. The system definitely needs to be cleaned up, though. The true value of 'higher education' gets obscured and diluted by the fluff and garbage.

164 posted on 07/09/2023 6:59:38 PM PDT by NorthMountain (... the right of the peopIe to keep and bear arms shall not be infringed)
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To: BikerJoe

He earns “five figures”, a minimum of $100,000 bucks.

Uh, no! SIX figures is a minimum of #100,000 bucks.

The student loan fiasco was never set up correctly. Should’ve been like a mortgage. Your intended degree better have a chance of paying off.

Article doesn’t say what undergraduate degree ole’ Jarrett has. An MBA by itself isn’t worth much to me (IMHO). It’s the combination of the undergrad + MBA that’s worthwhile.

__________________________________________________________

UH, Yes.

He earns 5 figures but owes $100,000. No one ever said he made $100,000.

He had no qualms when he was spending the money, why some poor plumber working in a water filled ditch should have to pay for his education that gets him the ability to work in a dry air-conditioned office is beyond me.

He seems to be trying to get something for nothing, worse than nothing, using MY something..


165 posted on 07/09/2023 7:47:25 PM PDT by JAKraig (my religion is at least as good as yours.)
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To: Lonesome in Massachussets

Excuse me, but I thought 5 figures meant $99000 or less. I made 5 figures most of my working life, but it was closer to $30000 or less;generally less. I’m now doing better on S.S.


166 posted on 07/09/2023 9:28:23 PM PDT by oldtech
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