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Post by doctorquant on Oct 8, 2023 15:49:03 GMT
Seriously ... the PPP misdirect is ridiculous.
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Post by YankeeFan on Oct 18, 2023 18:10:17 GMT
Her (parents'?) car looks way nicer and newer than mine.
Should we pay off her $80,000 student debt, or should she?
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Post by doctorquant on Oct 18, 2023 18:50:55 GMT
Her (parents'?) car looks way nicer and newer than mine. Should we pay off her $80,000 student debt, or should she? I remember doing the "potted plant" thing* in those B-school graduations, watching the by-their-major clusters taking their turns in the spotlight. You know which majors were far and away the most numerous (and by a lot)? Marketing and Management. *That thing where they insist you doll up in your academic regalia**, march in, sit down, and then two hours later stand up and march out. Oh the joys. **Speaking of ... anybody in the market for a black-on-black doctoral gown and a tam with golden tassel? |
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Post by btexpress on Oct 25, 2023 14:11:37 GMT
I'll trade my 23-year-old car for hers, and kick in an extra $10,000 to help her pay off that loan.
Don't think she'll go for it, though.
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Post by YankeeFan on Oct 25, 2023 17:04:17 GMT
College is not preparing these kids.
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Post by YankeeFan on Nov 28, 2023 18:22:34 GMT
I’m sure that will work out great.
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Post by TheSportsPredictor on Nov 28, 2023 19:08:19 GMT
There are jobs to be had covering her.
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Post by YankeeFan on Dec 18, 2023 1:40:10 GMT
This sounds suboptimal.
Just over half of the millions of borrowers who received their first federal student loan bills in years in October — after the pandemic freeze ended — have paid the bills, the Education Department said on Friday.
Forty-three million borrowers collectively owe the government $1.6 trillion in student loan debt. In March 2020, as the coronavirus pandemic roiled the nation’s economy, President Donald J. Trump’s administration imposed a freeze on collections as an emergency relief measure. The moratorium was extended nine times by Congress, Mr. Trump and his successor, President Biden — until this fall, when it finally ended.
Officials had long warned that getting borrowers accustomed to paying again after such a long break would be a rocky process, especially after the Supreme Court in June overturned Mr. Biden’s $400 billion plan to forgive up to $20,000 in debt per borrower. Tens of millions of people would have benefited from that relief.
Instead, 22 million people had to make their first payment in years in October as the government restarted its collection machinery. Sixty percent of them paid the bill by mid-November, according to James Kvaal, the Education Department’s under secretary. (Borrowers who are still in school or recently left do not yet owe on their debts. Also, some borrowers’ payment deadlines were extended because of loan servicing errors.)
That leaves nearly nine million borrowers who had payments due but have not yet made them. Many people “will need more time,” Mr. Kvaal said Friday in a written statement. “Some are confused or overwhelmed about their options.”
Borrowers and consumer advocates say the reasons so many people aren’t paying run the gamut from administrative delays — typically caused by backlogs at the four loan servicers hired by the government to collect payments and guide borrowers through their repayment options — to an inability to afford the bill.
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Post by Whitman on Dec 19, 2023 19:17:00 GMT
I just made my first real payment in about four years, a few minutes ago.
Boy, that was sure a kick in the old nuts.
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Post by mayorofsimpleton on Dec 20, 2023 2:52:16 GMT
Yes, paying back a loan sucks. My wife and I did it to the tune of more than $100,000 for student loans. But you owe it. Just friggin' pay it back. And I generally like your posts. But you took out the loans.
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Post by Whitman on Dec 20, 2023 3:04:44 GMT
Yes. That’s what I’m doing. I literally said that.
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Post by btexpress on Dec 20, 2023 3:27:47 GMT
Did everything get pushed back four years, such as the balloon payment deadline?
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Post by Whitman on Dec 20, 2023 13:00:11 GMT
Did everything get pushed back four years, such as the balloon payment deadline? Hope not! |
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Post by Whitman on Dec 20, 2023 13:02:12 GMT
College is not preparing these kids. That’s fake, right? Pushes way too many buttons. |
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Post by doctorquant on Dec 20, 2023 13:07:58 GMT
Yes. That’s what I’m doing. I literally said that. Yeah ... I don't get the shade that was thrown your way (did I do that right?). |
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