Except he didn’t. Hell even Birx has come out and said he did basically nothing anyone told him to in regards to Covid.He did exactly what Mr. Science told him to do. So take it up with Fauci.
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Except he didn’t. Hell even Birx has come out and said he did basically nothing anyone told him to in regards to Covid.He did exactly what Mr. Science told him to do. So take it up with Fauci.
We get that now you sheep follow the marching orders of the Dems....the Vax and lockdowns and all the draconian measures that leftists foisted on the people were disastrously wrong....so lets blame the Orange Man for the failed vax and their bad policies. SCIENCE...blinded by SCIENCE....You all are pitiful.Except he didn’t. Hell even Birx has come out and said he did basically nothing anyone told him to in regards to Covid.
Student loans are a debt that should be paid. My kids and I repaid our student loans. It took several years but we did it. Is Biden going to give each one of us 20k. Absolutely not. Just ridiculous.Even as mostly a free market person, I think several of these loans should be forgiven. Alot of what went on amounts to predatory lending in other arenas.
That said, the entire issue could easily be resolved if they just removed/invalidated the completely unfair super strong bankruptcy protection given to student loans.
For those that don't know, discharging student loans in bankruptcy is virtually impossible because they're given special protection. Get rid of that and the whole issue solves itself
You borrowed the money. I bought a house when I was 19. I should not have to pay the mortgage since I was too young to know what I was doing. Get a life.When I was 18 I would not have understood that. I'm fairly certain most kids today wouldn't either. Maybe I'm wrong. The only thing I remember from entrance counseling was that I suddenly had to write in cursive again.
Student loans are a debt that should be paid. Me and my kids repaid our student loans. It took several years but we did it. Is Biden going to give each one of us 20k. Absolutely not. Just ridiculous.
But that will never happen. Biden invites all these illegals here and provides benefits that not the average American citizen can get and we as taxpayers foot the bill.I agree it isn't fair to people like you. That's why my free market solution of removing bankruptcy protection is the best approach to a bad situation.
Put your big girl panties on and get over it Princess. Didn’t take me long to see there is another to add to the ignore list.But that will never happen. Biden invites all these illegals here and provides benefits that not the average American citizen can get and we as taxpayers foot the bill.
It’s “my kids and I”.🙄Student loans are a debt that should be paid. Me and my kids repaid our student loans. It took several years but we did it. Is Biden going to give each one of us 20k. Absolutely not. Just ridiculous.
I guess the truth hurts when you are from the far left waiting for another handout from the government.Put your big girl panties on and get over it Princess. Didn’t take me long to see there is another to add to the ignore list.
You wouldn’t know the truth if it bit you in the ass.I guess the truth hurts when you are from the far left waiting for another handout from the government.
Another one from the grammar police. Is that all you got?It’s “my kids and I”.🙄
Get in line early for your next handout.You wouldn’t know the truth if it bit you in the ass.
Don’t need a handout. However this is a subsidy. Isn’t that what you call it when the elites get financial help. I’m lucky enough to be able to not need assistance on my student loans. I don’t begrudge those who do need help because they took out $20k in loans and have made monthly payments each month for years only to now owe 3, 4, or more to times than that because of predatory lending tactics. They should get help. You should also get help but in a completely different way.Get in line early for your next handout.
“As of the end of last year, fewer than 1.2% of borrowers continued making payments on their student loans, Mr. Kantrowitz said. But some of the borrowers took advantage of the two-plus years of optional, interest-free payments to wipe out their debt entirely.
This measure won’t apply to balances that have already been paid off.”
From a WSJ article I just read.
don’t begrudge those who do need help because they took out $20k in loans and have made monthly payments each month for years only to now owe 3, 4, or more to times than that because of predatory lending tactics.
Very few have paid in the last 2 years. Many weren’t working or were facing other financial hardships so it was smart to take that money they could have paid to use for other things. Interest didn’t compound during that time either. But let’s say people could have and should have paid the last 2 years, that doesn’t change the facts of my post about people who have paid 10s of thousands of dollars over the years only to continually owe more today than they did when they started paying. I don’t need to he assistance so I won’t be applying for it. I will repeat that I don’t begrudge those that do and am glad they are getting it.98.8% that got help haven’t made a single payment in over 2 years. Hope you enjoyed your 10k.
Very few have paid in the last 2 years. Many weren’t working
1.2% is very few so it’s true. Even if you want to split hairs about what the definition of very few is or what it isn’t, that doesn’t change the validity of my post.False
I can’t comment on what the poster meant. He said total control of Congress which is factually inaccurate so I called him out on it. He has yet to post again which tells me he knows he was wrong about what he said.
People who owe more than when they started have deferred payment, extended the payment period, or asked for lower payments than the marginal interest. There is nothing predatory about that. The same thing will happen with any loan if you don’t make payments for a while or if you extend the payment period so that your payments are lower than the accrued interest.Don’t need a handout. However this is a subsidy. Isn’t that what you call it when the elites get financial help. I’m lucky enough to be able to not need assistance on my student loans. I don’t begrudge those who do need help because they took out $20k in loans and have made monthly payments each month for years only to now owe 3, 4, or more to times than that because of predatory lending tactics. They should get help. You should also get help but in a completely different way.
People who owe more than when they started have deferred payment, extended the payment period, or asked for lower payments than the marginal interest. There is nothing predatory about that. The same thing will happen with any loan if you don’t make payments for a while or if you extend the payment period so that your payments are lower than the accrued interest.
That isn’t the total truth. My loans were transferred a couple different times. Once to OSLA and then to Nelnet. Each time my interest rate went up. I did t ask for them to transfer but they did anyway and as a result I paid higher interest. Also, many of the repayment issues you listed are a problem because the loan services didn’t explain what those changes meant for the borrower and in many cases mislead the borrowers on those repercussions. By definition, that is predatory lending at its core.People who owe more than when they started have deferred payment, extended the payment period, or asked for lower payments than the marginal interest. There is nothing predatory about that. The same thing will happen with any loan if you don’t make payments for a while or if you extend the payment period so that your payments are lower than the accrued interest.
If they increased your interest rate because your loan was sold to another borrower you got screwed. If that is legal it shouldn’t be. My kids loans specified the interest rate in the agreement papers. I don’t think they have the ability to change the rate.That isn’t the total truth. My loans were transferred a couple different times. Once to OSLA and then to Nelnet. Each time my interest rate went up. I did t ask for them to transfer but they did anyway and as a result I paid higher interest. Also, many of the repayment issues you listed are a problem because the loan services didn’t explain what those changes meant for the borrower and in many cases mislead the borrowers on those repercussions. By definition, that is predatory lending at its core.
That isn’t the total truth. My loans were transferred a couple different times. Once to OSLA and then to Nelnet. Each time my interest rate went up. I did t ask for them to transfer but they did anyway and as a result I paid higher interest. Also, many of the repayment issues you listed are a problem because the loan services didn’t explain what those changes meant for the borrower and in many cases mislead the borrowers on those repercussions. By definition, that is predatory lending at its core.
I advised my kids to do the straight 10 year loan so their payments didn’t change. I thought it would help them budget better than a payment that would fluctuate with income. A 5 figure jump is huge. A 5 figure payment is huge much less an increase of 5 figures. My kids pay less than $300 per month.My payment increased by 5 figures my first 3 years due to being income based repayment with 6.7% interest. It was pretty ridiculous.
It did happen because I’ve seen the papers in each time it was transferred to a new service provider. It was never held by a private institution. It might not suppose to happen but it certainly did happen. Also, I see you conveniently ignored the rest of my post.Never happened. All that gets sold is the note. Terms don't change. The only possibility is if it was a completely private loan that had penalties for default. If so, it's beyond the scope of any of this discussion.
Do you have a variable rate loan? I’m not sure any federal loans are variable rate loans, but that is the only way rates can change on a loan. The rate is fixed on fixed rate loans and cannot be changed when the note is sold to another servicer. If you believe this happened, you should call your loan servicer and ask what is going on. That loan is no different than a mortgage. The terms are by contract and can’t be changed just because the note is sold to a different company.It did happen because I’ve seen the papers in each time it was transferred to a new service provider. It was never held by a private institution. It might not suppose to happen but it certainly did happen. Also, I see you conveniently ignored the rest of my post.
Nice reply.Don’t need a handout. However this is a subsidy. Isn’t that what you call it when the elites get financial help. I’m lucky enough to be able to not need assistance on my student loans. I don’t begrudge those who do need help because they took out $20k in loans and have made monthly payments each month for years only to now owe 3, 4, or more to times than that because of predatory lending tactics. They should get help. You should also get help but in a completely different way.
It is evident you are the type person that can only attack a person when losing an argument.You wouldn’t know the truth if it bit you in the ass.
Do you have a variable rate loan? I’m not sure any federal loans are variable rate loans, but that is the only way rates can change on a loan. The rate is fixed on fixed rate loans and cannot be changed when the note is sold to another servicer. If you believe this happened, you should call your loan servicer and ask what is going on. That loan is no different than a mortgage. The terms are by contract and can’t be changed just because the note is sold to a different company.
It did happen because I’ve seen the papers in each time it was transferred to a new service provider. It was never held by a private institution. It might not suppose to happen but it certainly did happen. Also, I see you conveniently ignored the rest of my post.
Not busted for anything since I’m telling the truth. Regardless, what you and most others in this thread think of me means nothing. I’ve seen the type of people you are based on your posts on this board.That's what happens when you're busted making up stuff.
Besides I posted about the predatory nature of the loans way back on page 1 or 2
Not losing anything. Not attacking you either. Just calling a spade a spade.It is evident you are the type person that can only attack a person when losing an argument.
I advised my kids to do the straight 10 year loan so their payments didn’t change. I thought it would help them budget better than a payment that would fluctuate with income. A 5 figure jump is huge. A 5 figure payment is huge much less an increase of 5 figures. My kids pay less than $300 per month.
Not lying but whatever.I switched my loan from federal to SoFi about 3 years ago to go from 6.7% to 4.3% fixed for 15 years. It lowered my 30 year income based more than a thousand a month. The rate in the federal loan is outrageous and makes absolutely no sense. They don’t change the rate, TCurtis 100% is lying about that like a weirdo. The funny thing is is that they changed the rate under Obama a year before I started school. Had I started one year earlier my rate would’ve been 1.9%! How insane is that?
Hhhhhmmmm. Who else sees the contradiction to the call for big girl panties and the emotional protection of the ignore list?Put your big girl panties on and get over it Princess. Didn’t take me long to see there is another to add to the ignore list.
And, there is the argument. Wow.It’s “my kids and I”.🙄
Now college grads are not elites. The semantic gamesmanship people play attempting a point. And, it never is convincing to point to others’ alleged hypocrisy as an excuse for your own.Don’t need a handout. However this is a subsidy. Isn’t that what you call it when the elites get financial help. I’m lucky enough to be able to not need assistance on my student loans. I don’t begrudge those who do need help because they took out $20k in loans and have made monthly payments each month for years only to now owe 3, 4, or more to times than that because of predatory lending tactics. They should get help. You should also get help but in a completely different way.