R.I.P. Scout26
Having student loan debt is a mental hardship, but here's how you and deal with it...https://www.cnbc.com/select/how-to-cope-with-stress-of-student-loans/You have GOT to be shitting me.
Hawkmoon - Never underestimate another person's capacity for stupidity. Any time you think someone can't possibly be that dumb ... they'll prove you wrong.
Viking - The problem with the modern world is that there aren't really any predators eating stupid people.
Holy hell. It's like giving a loaded gun to a chimpanzee...
the last thing you need is rabies. You're already angry enough as it is.OTOH, there wouldn't be a tweeker left in Georgia...
BLOOD FOR THE BLOOD GOD! SKULLS FOR THE SKULL THRONE! AND THROW SOME STEAK ON THE GRILL!
Screw the stress. They signed up for it to make their college life easier.I did hear one idea. Instead of forgiving loans, just go to zero interest provided they pay in something. The loans are owned by the FedGov anyway.
Adulting is hard.
or a fixed interest for the life of the loan, assessed at the start of the loan. i.e. Your loans are $50k at 6.25%, so at first payment the total loan is $53,128 over x number of payments.
That is fine. I just see it as a way to tell people to pay their debt without interest rates continuing to accrue. Of course, it would also help if they stopped issuing new student loans.
I hired an associate right out of college (she worked for me for 1 year). She went to Ireland for 2 week vacation on left over student loan money. Secondary education lobbied politicians to increase student loan availability then turned around and raised tuition to capture it.
How about the universities hold the paper, with no fed guarantees except for students with a B average or better, or for veterans who want to blow extra cash?
I'm not opposed to student loans, but the feds could cap the amount available to be borrowed per school year with max amount loaned until the loan is made whole. Also since higher ed seems to be able to cap the number of students in many graduate professional degrees, like MD or PharmD, why not do the same for undergrad majors? Or have to pass 12 credits of classes per semester to get the loan payment to the university/college or the next semester.
A number of universities have enough of an endowment, they shouldn't even be charging students.