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Post by YankeeFan on Jan 17, 2024 2:38:58 GMT
Hmmm.
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Post by YankeeFan on Jan 17, 2024 2:40:19 GMT
Does his math work?
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Post by YankeeFan on Apr 9, 2024 1:09:31 GMT
Mother fucker. Those loans were designed to be forgiven from inception, if used according to the terms.
These two things are not alike.
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Post by YankeeFan on Apr 11, 2024 15:42:22 GMT
This is indefensible, but they get away with it strictly because of politics.
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Post by doctorquant on Apr 11, 2024 16:14:26 GMT
I really shouldn't be surprised by how dishonest any given White House can be. This PPP nonsense is absolute bullshit.
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Post by YankeeFan on Apr 11, 2024 17:12:38 GMT
As he acknowledges in the responses, the PSLF program was signed into law by President George W. Bush, so maybe he deserves the thanks. But, the program has been a disaster, with most of the applications for loan forgiveness being denied. And, it does seem wild that you could be a salaried, hospital employee (as he also states in the replies) of one of the biggest, best, and richest hospitals in America, in one of America's most expensive cities, that is not lacking for doctors, and still qualify as a borrowers in public service, simply because your employer is a not for profit. It's not like he's been working in Appalachia, or some other underserved area, or is working in some public health clinic. doctors.columbia.edu/us/ny/new-york/eric-john-burnett-md-177-ft-washington-avenue |
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Post by btexpress on Apr 11, 2024 22:20:11 GMT
As he acknowledges in the responses, the PSLF program was signed into law by President George W. Bush, so maybe he deserves the thanks. But, the program has been a disaster, with most of the applications for loan forgiveness being denied. And, it does seem wild that you could be a salaried, hospital employee (as he also states in the replies) of one of the biggest, best, and richest hospitals in America, in one of America's most expensive cities, that is not lacking for doctors, and still qualify as a borrowers in public service, simply because your employer is a not for profit. It's not like he's been working in Appalachia, or some other underserved area, or is working in some public health clinic. doctors.columbia.edu/us/ny/new-york/eric-john-burnett-md-177-ft-washington-avenueCan somebody supply the goddamn amortization tables for this shit? Criminy, even if you pay the minimum on a high-interest credit card balance, as long as you don't borrow more, the principal DOES GO DOWN. |
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Post by doctorquant on Apr 11, 2024 22:34:37 GMT
You're right, which means the good doctor is some combination of ignorant and dishonest. He's probably been on some income-based forbearance at least some significant time between when he graduated from med school and now (residencies, fellowship training, etc.). Thus, his balance due when he started paying was almost certainly far more than it was when he graduated.
He could have re-financed (and/or consolidated) somewhere in there, too. Those fees can be steep, and they're typically folded into the principal.
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Post by doctorquant on Apr 11, 2024 22:55:23 GMT
People can be really dumb about finance. There was an assistant professor I worked with at my first tenure-track gig (in a college of business!) who'd re-financed his mortgage and was bummed that they'd not started his payment schedule such that he'd get a "free" month. Dude, there ain't no "free" months ... you might go a month without making an actual payment now, but you're either paying a tiny bit more monthly or you're paying more in prepaid interest at closing.
At least the fool wasn't trumpeting his ignorance all over the internet.
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Post by btexpress on Apr 11, 2024 23:38:38 GMT
New homeowners who pretty much empty their bank accounts for down payment/furniture do appreciate that fake free month, however.
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Post by YankeeFan on Apr 12, 2024 14:43:10 GMT
They’re going to go back to school?
But that didn’t work the first time.
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Post by Da Man on Apr 12, 2024 14:47:09 GMT
They’re going to go back to school? But that didn’t work the first time.  |
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Post by ecwyanks on Apr 12, 2024 15:16:32 GMT
But AOC is smart and works hard and told us that most congresspeople are never in the office.
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Post by YankeeFan on Apr 13, 2024 13:32:49 GMT
Paying off the debts of rich, white liberals.
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Post by doctorquant on Apr 13, 2024 13:47:27 GMT
It's pretty funny how AOC et al. see themselves as having the learned view re: the consequences of all this. "But they can buy houses!" ... no, they can bid more than those who aren't getting the money can bid.
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