Official Student Debt Cancellation Watch Thread

[jesc07]

Payments start back at the end of Jan 22 for me. I'ma have to grind a lil harder at my gig job to keep up with these increasing costs. It's already hard enough with my rent going up, gas going up, and food prices are up as well. Also gotta pray that nothing goes wrong with the car cause the prices of cars right now are insane. Thanks Biden for making life hard for young black man that's just out here tryna make an honest living and provide for his family.

 

[Wargames]

The head of I.T. Security at my work who used to be a CPA devised a plan to never pay his loans back because of how in debt he was and the interest. He takes a few classes each month at a community college online in persuant of a degree/certificate so his loans are in deferment, it’s cheaper to pay for the classes than the loans since he got a masters degree in accounting. This community college has hundreds of certificates so he can do it pretty much for the rest of his life, if he dies student loans are like the only form of debt where they can’t go after your assets or money for repayment. When he retires he can pull out all his money from his 401k and put it in a savings account so that the only income he has is social security then go on an income based repayment plan. Like he has this shyt all planned out. I’m literally considering doing this but I don’t think my balance is high enough to where a 30 year consolidation loan monthly payment would be that much higher than the community college monthly cost (and they’re eventually going to raise prices). This entire system is fukked, if Biden doesn’t want to forgive any, the least he can do is eliminate interest. Interest is the real insidious nature of student loans. I’d probably be halfway done or more paying my loans back if it wasn’t for interest.

I am actually taking two college classes right now for a certificate and didn’t even consider if I qualified for deferment since it is two college classes.



I had a professor back in the 2000’s put me onto this hustle. He was from Hong Kong and basically was like “I got to stay in school the rest of my life and keep my credit good enough to try and pay for my daughters college so they don’t go into debt like me”



fukk Biden

 

[PoorAndDangerous]

I am actually taking two college classes right now for a certificate and didn’t even consider if I qualified for deferment since it is two college classes.



I had a professor back in the 2000’s put me onto this hustle. He was from Hong Kong and basically was like “I got to stay in school the rest of my life and keep my credit good enough to try and pay for my daughter’s college so they don’t go into debt like me”



fukk Biden

As long as you’re taking classes in persuant of a degree or certificate you can defer. If you haven’t used forbearance you can do that too for 3 years, and if you consolidate your forbearance time is renewed. My coworker I mentioned had to do that when he was paying child support because the loan payments were too much. Then he started the community college racket after that because like 60k in interest accrued

 

[PoorAndDangerous]

Payments start back at the end of Jan 22 for me. I'ma have to grind a lil harder at my gig job to keep up with these increasing costs. It's already hard enough with my rent going up, gas going up, and food prices are up as well. Also gotta pray that nothing goes wrong with the car cause the prices of cars right now are insane. Thanks Biden for making life hard for young black man that's just out here tryna make an honest living and provide for his family.

I’m consolidating in January and praying I can afford it. Working on a plan to double my salary but it’ll take a couple years.

 

[Sugarbush]

4) directing their whole careers based on 10 years of pslf which is still a mess.

That’s me

 

[jesc07]

I’m consolidating in January and praying I can afford it. Working on a plan to double my salary but it’ll take a couple years.

I hope you’re able to double your salary or catch a break. My main job is in public service so I really don’t want to leave it plus I got affordable health insurance for my daughter and I. I’ll just work a lil harder at my gig job and pray for the best

 

[Software]

https://www.cnbc.com/2021/10/26/ed-...nistration-is-examining-loan-forgiveness.html

still

 

[FAH1223]

 

[Software]

is this legit? If so then the brehs who said he was holding out to get a push during midterms were right on the money.

 

[FAH1223]

is this legit? If so then the brehs who said he was holding out to get a push during midterms were right on the money.

It’s legit. The memo is redacted in pink but it exists. The WH and Department of Education are being so quiet about it.

 

[FAH1223]

 

[AquaCityBoy]

Biden already said he wasn't doing this, and it has less than a zero percent chance of passing the current Senate.

Get over it.

 

[No1]

is this legit? If so then the brehs who said he was holding out to get a push during midterms were right on the money.

Sometimes, I make sense. Like it doesn’t take that long to write a legal memo and do research b. I would’ve been given one day to research that shyt and write a memo or at least produce bullet points.

 

[mastermind]

Biden already said he wasn't doing this, and it has less than a zero percent chance of passing the current Senate.

Get over it.

people should stop advocating?

 

[cyndaquil]

Biden already said he wasn't doing this, and it has less than a zero percent chance of passing the current Senate.

Get over it.

Where did he say he wasn't going to do 10k?

I'll wait