Will there be some student loan forgiveness? Should we wait it out before making any debt payments?
Recently graduated but of course payments and interest have been paused for the last year and supposedly they will resume Oct. 1
Not sure if anyone sees it being extended beyond that, but the real question is if there will be some form of forgiveness for borrowers? The talk over the last year from Biden has been at least that $10k figure but there seems to be no movement or discussion even on that front.
I'm not exactly on top of US politics or the legislative process, but I definitely don't want to just pay off my balance if there is some level of forgiveness in the pipeline. Any thoughts on this matter? Will you other analysts be starting to make payments after Oct. 1 if that pause is lifted?
*This is all talking about Federal loans not private
I don't think so quite honestly. They forgave loans but only for people who attended those for-profit universities lmao. I'm graduating with like 17-18k in loans. I can pay it in full but I'm going to just juice out the grace period as long as possible and pay the monthly interest down. Hopefully something happens then but like I said I doubt it.
Yea I think I'm willing to wait it out, I just don't see how something even like 5k reduction isn't done soon. I have quite a bit more than 17-18k but also am in a position where I have enough to pay everything I got at once...not ideal to see a lot of my hard earned cash disappear like that though.
I also wouldn't be surprised to them extend the grace period beyond Oct. 1 it's just become to much of hot button political issue at least in my mind. Sure someone more experienced can chime in though.
What... please explain to me why you think the taxpayer should subsidize your tuition.
Why should I as a taxpayer:
pay to keep animals alive in prison
pay for troops to fight conflicts overseas I don't care about nor affect me
pay for other people's health problems that aren't mine
pay to house veterans, poor people, mentally ill, etc
pay for transportations I don't use
pay for other people's retirement
pay for poor people's meals and healthcare
Honestly can't tell if you're serious or just poking fun at and making a caricature of someone who would unironically make that argument. Pretty sure more than half this board had their parents foot the bill anyway too funny
Kids on this board are entitled that's why.
Yea hardo kids on here must be really "entitled" studying technicals and making posts on weekend nights and busting their ass through college for an offer to just subsequently work their ass off even harder for a decent middle-class salary in NYC. Try a little harder if you want to actually make the "this new generation is spoiled and entitled" argument
Yes, they're massively fucking entitled if they think they're owed having the loans they agreed to paid off by the taxpayers. The same goes for anyone that chose to go to an expensive college and took out the loans for it, no matter how they end up after the fact, because that it 100% on THEM. That is quite literally the definition of entitlement. There are millions of people in this country who decided to go to the cheaper schools, or technical programs to learn a trade, or just got on the job experience from the get go. You are not owed their tax money, nor their children's, nor their grandchildren's. Technical skills are easy as fuck, so if you have trouble getting the hang of those basic requirements then you have no business in this industry in the first place. Boo hoo, you're having to do some work on a weekend? You're making 2-3x the median income in this country right out of school if you're in IB/PE/AM, calling it "middle class" is just plain idiotic. You're going to cry about it being expensive in NYC? Then don't work in finance in NYC, there's literally a dozen other better COL cities with great MMs and boutiques in them. Your job is hard? No shit, it's called work, you know what to expect going in and you're paid well for it. The typical career trajectory of a banker with reasonable personal finance management alone will pay off your loans by the time you're in your mid-late 30s easily unless you're one of those people who took out >$200k in loans and never made a single payment till after graduation. Get off your fucking high horse. You chose to go to college to get an education and now you're expected to pay for the service you voluntarily consumed. The terms were all there in plain black and white, and if you're going to college it's safe to assume you can read so quit being a little bitch and pay up.
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