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Posted: 5/18/2017 11:56:56 AM EST
[#1]
I'm altering the deal, pray I don't alter it any further...gif
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Posted: 5/18/2017 11:58:30 AM EST
[#2]
Quote HistoryQuoted:
No, I actually like to contribute to the economy Quote HistoryQuoted:
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Did you apply? |
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Posted: 5/18/2017 11:58:45 AM EST
[#3]
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I get the snowflake hate but by what I'm reading these people participated in a program and followed the instructions and now as they near the point of completion they're getting the rug pulled out from under them. That's fucked. |
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Posted: 5/18/2017 11:59:23 AM EST
[#4]
Quote HistoryQuoted:
Sorry the GI bill is earned...not gifted for simply "making payments on time" like you promised to do when you signed for the loan. Quote HistoryQuoted:
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Not sure where the snowflake accusation is coming from. Student borrowers agreed to make income based repayments while in a public service setting in exchange for residual loan forgiveness at the conclusion of a 10 year period. If they've held up their part of the agreement I think they have every right to be pissed. Is a veteran a snowflake for cashing in on the GI bill? I think you need to educate yourself, OP. |
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Posted: 5/18/2017 12:00:32 PM EST
[#5]
Quote HistoryQuoted:
If you owe less than $30k it is a max of ten years. Over $30k can go up to 30 years. Quote HistoryQuoted:
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Aren't all student loans 10 year terms? |
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Posted: 5/18/2017 12:01:20 PM EST
[#6]
Quote HistoryQuoted:
I'll have $200k after I'm done with school but that's being in school for 12 years, having 2 doctorates (Ph.D. and J.D.). My friends who went to dental school are $300k in debt and making $80k/yr. Sister went to medical school and is the same but making about twice that salary after 14 years of school/residency/fellowship. I went into law school knowing that the market is glutted, that there are 40k law students graduating each year as compared to 12k doctors, 4k dentists, 5k pharmacists, and 3k Ph.Ds (basically twice as many law students as there are all other doctorates combined!). The median salary for attorney's is supposed to be $80k/yr, but what they don't tell you is that it's a bi-modal distribution, with <10% of attorneys making $100-200k or more, and 80% making $30-40k. Damn right I'm worried about my future and paying off all that debt, but I'm in too far to quit now. I intend to pay back every penny, God help me. |
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Posted: 5/18/2017 12:01:40 PM EST
[#7]
Quote HistoryQuoted:
I'm not a snowflake and I'm in that program. I chose to stay in teaching in a poor and depressed area specifically because that program. Many of my friends chose to become and stay in law enforcement, teaching, and public service because that program. I live in the coalfields of East Kentucky and the democrats destroyed my fathers job and I had to take loans to go to school. Now republicans or whatever Trump is want to punish me for working in the public sector and trying to steer the future of our area to jobs that will last? Both can go fuck themselves |
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Posted: 5/18/2017 12:03:14 PM EST
[#8]
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I'll pay off 65% of what I originally borrowed by the time my forgiveness come around. |
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Posted: 5/18/2017 12:03:41 PM EST
[#9]
Quote HistoryQuoted:
The forgiveness is earned by working in low wage jobs that are considered public service. The GI bill is a perfect comparison, actually. The GI bill pays for your college up front, has hard limits to how much can be paid, is an employment benefit paid for by the employer, and has money set aside to fund it. They have nothing in common except that they both pay off student loans. |
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Posted: 5/18/2017 12:03:52 PM EST
[#10]
I had a full time job and a part time job on weekends while getting my bachelor degree. It took me 5 years instead of usual 4 but I got it done with no financial assistance. It was no fun having to eat cheap food and never having time to go out to have fun.
My wife had a full time job while getting her bachelor degree. It took her 5 years too and she had no financial assistance. She took a job that she didn't like very much but they had good benefit program where they would cover 80% of her upper degree education cost so she got her masters in 3 years while working there. Again she/we didn't need financial assistance. We both have decent jobs that pays well. It's not our dream job but our dream job wouldn't pay much. Instead we work at our jobs to live our dream life. |
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Posted: 5/18/2017 12:04:08 PM EST
[#11]
My wife is a physician and her medical school debt is currently qualified under this program--of course now that debt is mine as well. We made plans for repayment including this program and also without this program. Not going to lie and say I wasn't looking forward to paying less, but also can't say I put too much faith in this from the start.
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Posted: 5/18/2017 12:04:12 PM EST
[#12]
Quote HistoryQuoted:
everything is proportional.... i borrowed close to $375,000...... |
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Posted: 5/18/2017 12:04:22 PM EST
[#13]
Quote HistoryQuoted:
I have to agree. It would be akin to everyone who paid into SS not getting it. You have a deal, you follow the rules and then the game changes. Quote HistoryQuoted:
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I get the snowflake hate but by what I'm reading these people participated in a program and followed the instructions and now as they near the point of completion they're getting the rug pulled out from under them. That's fucked. |
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Posted: 5/18/2017 12:04:56 PM EST
[#14]
Quote HistoryQuoted:
But they didn't have to do anything other than what they were already obligated to do under their loan agreement. They didn't give any extra consideration in exchange for the promised loan forgiveness. Quote HistoryQuoted:
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I get the snowflake hate but by what I'm reading these people participated in a program and followed the instructions and now as they near the point of completion they're getting the rug pulled out from under them. That's fucked. That's absolutely consideration. |
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Posted: 5/18/2017 12:07:12 PM EST
[#15]
Quote HistoryQuoted:
Oh I wasn't sure since you have commented several times recently about how you wished you had went to work for .gov, one comment was as recent as a couple days I ago I think. Weird. See, the problem with many people working for .gov, despite all of the freebies you get at my expense, is that you produce nothing. You contribute nothing to the GDP or the economy. Then on top of that, you support the growth of government for personal reasons so you can get more freebies, benefits, and toys. It's a cycle. Just like you support spending trillions on the War on Drugs and other meaningless programs in the other threads so your department can get more funding and you can get a raise. See how it works? Edit for the triggered: Government should have necessary roles but there is no denying there's oceans of waste and useless jobs in that sector |
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Posted: 5/18/2017 12:07:33 PM EST
[#16]
Loan forgiveness for public works should only be counted towards educations received at public institutes for majors that have an actual job waiting for them.
I'm betting at least 50% went to a private school, racked up $120k in debt, and banked on this program because they had no foresight in determining how they would actually have to pay for it. It's fucked but at the same time, I don't feel all that bad. My bet is most of them are living in a nice house, eat well, and drive a newer-ish car...all money that could have gone to your responsibilities. |
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Posted: 5/18/2017 12:07:47 PM EST
[#17]
Quote HistoryQuoted:
I get the snowflake hate but by what I'm reading these people participated in a program and followed the instructions and now as they near the point of completion they're getting the rug pulled out from under them. That's fucked. |
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Posted: 5/18/2017 12:08:33 PM EST
[#18]
Detrimental reliance. It's a legal thing.
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Posted: 5/18/2017 12:09:23 PM EST
[#19]
Quote HistoryQuoted:
Notice the mention of "peace corps volunteers, teachers and cops" mentioned to garner sympathy for them.  Well maybe they should because someone has to do it and the pay is complete shit. You know how I know you arent a teacher or cop? |
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Posted: 5/18/2017 12:09:56 PM EST
[#20]
Quote HistoryQuoted:
Start charging West Point graduates the total of their tuition at the completion of their contracted service term.
This is not a snowflake thing |
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Posted: 5/18/2017 12:10:04 PM EST
[#21]
How much debt woukd one encur perusing an education in plumbing/electrical ?
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Posted: 5/18/2017 12:11:28 PM EST
[#22]
Quote HistoryQuoted:
Sarcasm....how does it work? See, the problem with working for .gov, despite all of the freebies you get at my expense, is that you produce nothing. You contribute nothing to the GDP or the economy. Then on top of that, you support the growth of government for personal reasons so you can get more freebies, benefits, and toys. Just like you support spending trillions on the War on Drugs in the other threads so your department can get more funding and you can get a raise. See how it works? |
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Posted: 5/18/2017 12:11:52 PM EST
[#23]
Quote HistoryQuoted:
The GI bill pays for your college up front, has hard limits to how much can be paid, is an employment benefit paid for by the employer, and has money set aside to fund it. They have nothing in common except that they both pay off student loans. |
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Posted: 5/18/2017 12:12:43 PM EST
[#24]
Quote HistoryQuoted:
She picked the job because it is in a field that is needed and currently understaffed at hospitals across the country. Its a federal problem because in order to get those positions filled they offered these people income based repayment and student loan forgiveness to fill areas where expertise and services were needed but not being met. If the person in the program fulfills their end of the bargain missing no payments and doing all that is asked i fail to see where you should have issues. its the same reason they offer reup bonuses to military or sign on bonuses to get docs to go to shithole VA hospitals. i guess you don't understand that sometimes the government makes concessions in order to fill a need to specific groups. The other option is you don't have people to provide the services and then im sure your ass would be here complaining about that. My wife didn't get a liberal arts degree, she went to one o the best schools in the country and daily helps people like your parents,children and you. it isn't a question of should it be a thing, that boat sailed long ago when it was offered and accepted in order to fill what they know is a hard to fill position. If she operates on the terms they gave her (which she is) then i fully expect my government to honor their promise to her just like they honor it to vets like yourself. 
Your answer of why this is a federal government issue show a profound misunderstanding of the role of our government under the Constitution. |
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Posted: 5/18/2017 12:13:02 PM EST
[#25]
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Police provide security and stability. Firemen protect your property from burning down. Both will provide medical care in an emergency. Services provided. Necessary services. In this case, they expect to have special rights when it comes to loans and borrowing in which taxpayers have to subsidize. When you take a loan, expect to pay the money back. That's how it works. |
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Posted: 5/18/2017 12:13:59 PM EST
[#26]
I lived with a chick who was on this program. She is one of the first to join it and is due to cash out when this 10 year marker comes up.
Shes very smart, hard working lawyer who has a ton of student loan debt to get through law school. For ten years she has worked for the Border Patrol prosecuting border jumpers for the United States Government. Hoping to get most of her student loan debt washed away all while not making what she could be if she worked in the private sector. If they pull the rug out on this program that will be total bullshit. If they just stop accepting people, thats cool. But just deciding "naw, fuck it, nevermind" That wil lbe total and complete bullshit. |
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Posted: 5/18/2017 12:14:00 PM EST
[#27]
This has nothing to do with debt forgiveness and everything to do with subsidizing non-profit and public service jobs. Apparently they can't afford to pay wages high enough to attract college grads. So Uncle Sam steps in, pretends like forgiving that loan interest is any different than giving them money outright, and taxpayers get stuck paying for some non-profit public service that they would otherwise refuse to pay for directly.
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Posted: 5/18/2017 12:14:28 PM EST
[#28]
Quoted:
More than 400,000 student loan borrowers may have placed their faith in a government program with an uncertain future. http://i.imgur.com/QJFO9C7.png The Public Service Loan Forgiveness Program promises to cancel any remaining student debt for those who work for the government or nonprofits if they have been making on-time payments for 10 years. Many teachers, public defenders, Peace Corps workers, and law enforcement officers fit the qualifications. This October marks the 10th year of the program and the first time anyone will have made enough payments to get their debt wiped away. It's unclear how much the program will cost the government when its starts to forgive those debts. The program has been shrouded in some uncertainty for months. On Wednesday, the Washington Post reported that the Department of Education is planning to propose ending the Public Service Loan Forgiveness Program. The article was based on budget documents obtained by the Post. A public version of the department's budget is expected to be released next week. Congress would have to approve the department's proposed changes for them to take effect. It's unclear whether the Trump administration may propose ending the program for future graduates, or end it for those who have already applied and made qualifying payments. The Department of Education did not respond to CNNMoney's requests for comment, and "had no immediate comment" for the Washington Post. "It would be absolutely detrimental to those of us who have planned our lives around this program. It would be the equivalent of pulling the rug out from under us," said Daniel J. Crooks III, a government attorney who is expecting loan forgiveness from the public service program in six years. He currently has more than $300,000 in student debt -- after making payments for the past four years. He's moved states to get a better job that still qualifies him for the debt relief.
The program could cost the government more than originally expected, according to the Government Accountability Office. The Obama Administration had proposed capping the amount borrowers could have forgiven at $57,500, but that proposal was never was approved and forgiveness remains unlimited. The median borrower in the program has more than $60,000 in student debt and almost 30% of them have more than $100,000 in debt, according to a Brookings report. http://money.cnn.com/2017/05/18/pf/college/betsy-devos-public-service-loan-forgiveness/index.html See those self entitled, arrogant cunts? They're denizens of the swamp as much as anyone in Washington, and they expect some plumber, truck driver, farmer, or someone who paid off their own college loans, to carry the burden of their own financial responsibilities for them; folks at whom they look down their noses at, but who are good enough as taxpayers to pick up the tab for their college educations. Fuck'em. |
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Posted: 5/18/2017 12:14:38 PM EST
[#29]
Dt....
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Posted: 5/18/2017 12:15:02 PM EST
[#30]
Welcome to the real world.
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Posted: 5/18/2017 12:15:27 PM EST
[#31]
Quote HistoryQuoted:
Not the same thing. West Pointers trade education for service. This program was a way to have the taxpayers cover debt that someone already contracted. Quote HistoryQuoted:
Quoted:
Start charging West Point graduates the total of their tuition at the completion of their contracted service term.
This is not a snowflake thing |
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Posted: 5/18/2017 12:16:25 PM EST
[#32]
Quote HistoryQuoted:
See those self entitled, arrogant cunts? They're denizens of the swamp as much as anyone in Washington, and they expect some plumber, truck driver, farmer, or someone who paid off their own college loans, to carry the burden of their own financial responsibilities for them; folks at whom they look down their noses at, but who are good enough as taxpayers to pick up the tab for their college educations. Fuck'em. Quote HistoryQuoted:
Quoted:
More than 400,000 student loan borrowers may have placed their faith in a government program with an uncertain future. http://i.imgur.com/QJFO9C7.png The Public Service Loan Forgiveness Program promises to cancel any remaining student debt for those who work for the government or nonprofits if they have been making on-time payments for 10 years. Many teachers, public defenders, Peace Corps workers, and law enforcement officers fit the qualifications. This October marks the 10th year of the program and the first time anyone will have made enough payments to get their debt wiped away. It's unclear how much the program will cost the government when its starts to forgive those debts. The program has been shrouded in some uncertainty for months. On Wednesday, the Washington Post reported that the Department of Education is planning to propose ending the Public Service Loan Forgiveness Program. The article was based on budget documents obtained by the Post. A public version of the department's budget is expected to be released next week. Congress would have to approve the department's proposed changes for them to take effect. It's unclear whether the Trump administration may propose ending the program for future graduates, or end it for those who have already applied and made qualifying payments. The Department of Education did not respond to CNNMoney's requests for comment, and "had no immediate comment" for the Washington Post. "It would be absolutely detrimental to those of us who have planned our lives around this program. It would be the equivalent of pulling the rug out from under us," said Daniel J. Crooks III, a government attorney who is expecting loan forgiveness from the public service program in six years. He currently has more than $300,000 in student debt -- after making payments for the past four years. He's moved states to get a better job that still qualifies him for the debt relief.
The program could cost the government more than originally expected, according to the Government Accountability Office. The Obama Administration had proposed capping the amount borrowers could have forgiven at $57,500, but that proposal was never was approved and forgiveness remains unlimited. The median borrower in the program has more than $60,000 in student debt and almost 30% of them have more than $100,000 in debt, according to a Brookings report. http://money.cnn.com/2017/05/18/pf/college/betsy-devos-public-service-loan-forgiveness/index.html See those self entitled, arrogant cunts? They're denizens of the swamp as much as anyone in Washington, and they expect some plumber, truck driver, farmer, or someone who paid off their own college loans, to carry the burden of their own financial responsibilities for them; folks at whom they look down their noses at, but who are good enough as taxpayers to pick up the tab for their college educations. Fuck'em. |
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Posted: 5/18/2017 12:16:31 PM EST
[#33]
Quote HistoryQuoted:
I'll have $200k after I'm done with school but that's being in school for 12 years, having 2 doctorates (Ph.D. and J.D.). My friends who went to dental school are $300k in debt and making $80k/yr. Sister went to medical school and is the same but making about twice that salary after 14 years of school/residency/fellowship. I went into law school knowing that the market is glutted, that there are 40k law students graduating each year as compared to 12k doctors, 4k dentists, 5k pharmacists, and 3k Ph.Ds (basically twice as many law students as there are all other doctorates combined!). The median salary for attorney's is supposed to be $80k/yr, but what they don't tell you is that it's a bi-modal distribution, with <10% of attorneys making $100-200k or more, and 80% making $30-40k. Damn right I'm worried about my future and paying off all that debt, but I'm in too far to quit now. I intend to pay back every penny, God help me. |
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Posted: 5/18/2017 12:17:06 PM EST
[#34]
Quote HistoryQuoted:
I'll have $200k after I'm done with school but that's being in school for 12 years, having 2 doctorates (Ph.D. and J.D.). My friends who went to dental school are $300k in debt and making $80k/yr. Sister went to medical school and is the same but making about twice that salary after 14 years of school/residency/fellowship. I went into law school knowing that the market is glutted, that there are 40k law students graduating each year as compared to 12k doctors, 4k dentists, 5k pharmacists, and 3k Ph.Ds (basically twice as many law students as there are all other doctorates combined!). The median salary for attorney's is supposed to be $80k/yr, but what they don't tell you is that it's a bi-modal distribution, with <10% of attorneys making $100-200k or more, and 80% making $30-40k. Damn right I'm worried about my future and paying off all that debt, but I'm in too far to quit now. I intend to pay back every penny, God help me. Quote HistoryQuoted:
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I went to private undergrad and public med school and that asshat has 50% more student loans than me. Perhaps people shouldn't expect the government to bail them out when they go into shit paying careers with a worthless degree. I will pay mine back in full because it's a loan, not fucking .gov/taxpayer charity. |
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Posted: 5/18/2017 12:17:22 PM EST
[#35]
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Kinda like the UNION contracts GD hates, huh? Quote HistoryQuoted:
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I get the snowflake hate but by what I'm reading these people participated in a program and followed the instructions and now as they near the point of completion they're getting the rug pulled out from under them. That's fucked. |
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Posted: 5/18/2017 12:18:04 PM EST
[#36]
I had a lot of friends banking on this program. I told every single one of them that it was a bad idea. It was the easiest thing in the world to pass this bill as an unfunded liability, knowing that very few people who passed it would have to be around to see it paid off. I knew that any administration would kick the can on this, regardless of party orientation.
I had a friend who was going to move to Nashville to start a private practice, but he was already halfway into this program and was considering staying at the public defender's office another 5 years to pay off his loans first. I convinced him he was better off hanging up his own shingle and not counting on a government program to pay out big bucks, especially when there isn't exactly a powerful lobby for impoverished 30-somethings with six-figure student loan debt. He went to Nashville and is making bank now and is finally conceding that the repayment program was a farce. |
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Posted: 5/18/2017 12:18:08 PM EST
[#37]
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Fuck off. Pay off YOUR debt like the rest of us did. The problem is in order for this country to function there needs to be "people" doing certain "jobs". These "jobs" require degrees for employment whether you like it or not so yeah that piece of paper is required and no you dont get to haggle the price of your education okay genius. So teachers pay sucks and thats the teachers problem? I get that it shouldnt be an extremely high pay but it needs to coalign with the tuition required to become one. Why dont we just follow all your guys logic and noone becomes a teacher then we will be much better off. eta: no I am not a teacher |
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Posted: 5/18/2017 12:18:18 PM EST
[#38]
Quote HistoryQuoted:
Screw you, too, buddy. Quote HistoryQuoted:
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More than 400,000 student loan borrowers may have placed their faith in a government program with an uncertain future. http://i.imgur.com/QJFO9C7.png The Public Service Loan Forgiveness Program promises to cancel any remaining student debt for those who work for the government or nonprofits if they have been making on-time payments for 10 years. Many teachers, public defenders, Peace Corps workers, and law enforcement officers fit the qualifications. This October marks the 10th year of the program and the first time anyone will have made enough payments to get their debt wiped away. It's unclear how much the program will cost the government when its starts to forgive those debts. The program has been shrouded in some uncertainty for months. On Wednesday, the Washington Post reported that the Department of Education is planning to propose ending the Public Service Loan Forgiveness Program. The article was based on budget documents obtained by the Post. A public version of the department's budget is expected to be released next week. Congress would have to approve the department's proposed changes for them to take effect. It's unclear whether the Trump administration may propose ending the program for future graduates, or end it for those who have already applied and made qualifying payments. The Department of Education did not respond to CNNMoney's requests for comment, and "had no immediate comment" for the Washington Post. "It would be absolutely detrimental to those of us who have planned our lives around this program. It would be the equivalent of pulling the rug out from under us," said Daniel J. Crooks III, a government attorney who is expecting loan forgiveness from the public service program in six years. He currently has more than $300,000 in student debt -- after making payments for the past four years. He's moved states to get a better job that still qualifies him for the debt relief.
The program could cost the government more than originally expected, according to the Government Accountability Office. The Obama Administration had proposed capping the amount borrowers could have forgiven at $57,500, but that proposal was never was approved and forgiveness remains unlimited. The median borrower in the program has more than $60,000 in student debt and almost 30% of them have more than $100,000 in debt, according to a Brookings report. http://money.cnn.com/2017/05/18/pf/college/betsy-devos-public-service-loan-forgiveness/index.html See those self entitled, arrogant cunts? They're denizens of the swamp as much as anyone in Washington, and they expect some plumber, truck driver, farmer, or someone who paid off their own college loans, to carry the burden of their own financial responsibilities for them; folks at whom they look down their noses at, but who are good enough as taxpayers to pick up the tab for their college educations. Fuck'em. You wouldn't be one of those leeches now would you? 
ETA: I paid out of pocket for both of my kid's college educations at inexpensive state colleges and they took that inexpensive college education and made themselves highly successful in their chosen fields. I don't owe you shit, nor do I feel obligated to pay off any of your financial obligations, so screw you right back if that's what's stuck in your craw. Military GD Bill type of stuff? I'm more than happy to foot the bill as a taxpayer for that. |
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Posted: 5/18/2017 12:19:07 PM EST
[#39]
Quote HistoryQuoted:
Welcome to the real world. I don't get GD. You guys are all about keeping your word and being holier than thou on nearly every issue. A whole lot of people entered into a program that forgave a certain percentage of their debt in exchange for what amounts to community service. Government said "psych!" And you think it's funny? Yay! Keep cheering for government theft and lying! Hypocrites. All of you. CAVEAT: I am not using this program. I am paying my debts myself. |
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Posted: 5/18/2017 12:19:07 PM EST
[#40]
Quote HistoryQuoted:
How much debt woukd one encur perusing an education in plumbing/electrical ? |
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Posted: 5/18/2017 12:19:33 PM EST
[#41]
Quote HistoryQuoted:
Not the same thing. West Pointers trade education for service. This program was a way to have the taxpayers cover debt that someone already contracted. Quote HistoryQuoted:
Quoted:
Start charging West Point graduates the total of their tuition at the completion of their contracted service term.
This is not a snowflake thing |
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Posted: 5/18/2017 12:19:39 PM EST
[#42]
Quote HistoryQuoted:
Not necessarily---a while back, when I had maybe 4 years left of payments, the D of Ed folks administering my loan contacted me and suggested that I could re-do the loan with seriously reduced payments and enroll in the program and get the loan forgiven after ten years, seeing where I work. So someone with a ten year loan could still be involved with the program. Quote HistoryQuoted:
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Aren't all student loans 10 year terms? 
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Posted: 5/18/2017 12:21:18 PM EST
[#43]
Three pages. seriously?
eta: fu buck19D! |
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Posted: 5/18/2017 12:22:06 PM EST
[#44]
Quote HistoryQuoted:
Hit a nerve? You wouldn't be one of those leeches now would you? Quote HistoryQuoted:
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More than 400,000 student loan borrowers may have placed their faith in a government program with an uncertain future. http://i.imgur.com/QJFO9C7.png The Public Service Loan Forgiveness Program promises to cancel any remaining student debt for those who work for the government or nonprofits if they have been making on-time payments for 10 years. Many teachers, public defenders, Peace Corps workers, and law enforcement officers fit the qualifications. This October marks the 10th year of the program and the first time anyone will have made enough payments to get their debt wiped away. It's unclear how much the program will cost the government when its starts to forgive those debts. The program has been shrouded in some uncertainty for months. On Wednesday, the Washington Post reported that the Department of Education is planning to propose ending the Public Service Loan Forgiveness Program. The article was based on budget documents obtained by the Post. A public version of the department's budget is expected to be released next week. Congress would have to approve the department's proposed changes for them to take effect. It's unclear whether the Trump administration may propose ending the program for future graduates, or end it for those who have already applied and made qualifying payments. The Department of Education did not respond to CNNMoney's requests for comment, and "had no immediate comment" for the Washington Post. "It would be absolutely detrimental to those of us who have planned our lives around this program. It would be the equivalent of pulling the rug out from under us," said Daniel J. Crooks III, a government attorney who is expecting loan forgiveness from the public service program in six years. He currently has more than $300,000 in student debt -- after making payments for the past four years. He's moved states to get a better job that still qualifies him for the debt relief.
The program could cost the government more than originally expected, according to the Government Accountability Office. The Obama Administration had proposed capping the amount borrowers could have forgiven at $57,500, but that proposal was never was approved and forgiveness remains unlimited. The median borrower in the program has more than $60,000 in student debt and almost 30% of them have more than $100,000 in debt, according to a Brookings report. http://money.cnn.com/2017/05/18/pf/college/betsy-devos-public-service-loan-forgiveness/index.html See those self entitled, arrogant cunts? They're denizens of the swamp as much as anyone in Washington, and they expect some plumber, truck driver, farmer, or someone who paid off their own college loans, to carry the burden of their own financial responsibilities for them; folks at whom they look down their noses at, but who are good enough as taxpayers to pick up the tab for their college educations. Fuck'em. You wouldn't be one of those leeches now would you? |
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Posted: 5/18/2017 12:22:36 PM EST
[#45]
Quote HistoryQuoted:
I lived with a chick who was on this program. She is one of the first to join it and is due to cash out when this 10 year marker comes up. Shes very smart, hard working lawyer who has a ton of student loan debt to get through law school. For ten years she has worked for the Border Patrol prosecuting border jumpers for the United States Government. Hoping to get most of her student loan debt washed away all while not making what she could be if she worked in the private sector. If they pull the rug out on this program that will be total bullshit. If they just stop accepting people, thats cool. But just deciding "naw, fuck it, nevermind" That wil lbe total and complete bullshit. Maybe she was smart enough to get a firm job, maybe not. That's similar to saying, "I could have made a lot of money in the NFL but decided to coach football at my son's school instead because I like kids." |
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Posted: 5/18/2017 12:22:44 PM EST
[#46]
These people will soon quit their low paying jobs and take the glorious "high paying" jobs instead. Then, only then - when they're handing over ridiculous amounts of their hard earned money to the IRS - will realize the full breadth of the situation. Pay it now or pay it later. The govt's money is your money and NOTHING is free!
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Posted: 5/18/2017 12:23:10 PM EST
[#47]
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Where agreements are meaningless? I don't get GD. You guys are all about keeping your word and being holier than thou on nearly every issue. A whole lot of people entered into a program that forgave a certain percentage of their debt in exchange for what amounts to community service. Government said "psych!" And you think it's funny? Yay! Keep cheering for government theft and lying! Hypocrites. All of you. CAVEAT: I am not using this program. I am paying my debts myself. Sorry for those that did not realize this fact before they structured their life around a program created by a politician that could be whisked away at a moment's notice |
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Posted: 5/18/2017 12:23:13 PM EST
[#48]
Wow! For the first time in their lives they will have to take responsibility for their debts. For them it will be the first step into adulthood. Hopefully they learn a valuable lesson. I'd hate to see the government take their first born.
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Posted: 5/18/2017 12:23:28 PM EST
[#49]
Quote HistoryQuoted:
Sorry the GI bill is earned...not gifted for simply "making payments on time" like you promised to do when you signed for the loan. Quote HistoryQuoted:
Quoted:
Not sure where the snowflake accusation is coming from. Student borrowers agreed to make income based repayments while in a public service setting in exchange for residual loan forgiveness at the conclusion of a 10 year period. If they've held up their part of the agreement I think they have every right to be pissed. Is a veteran a snowflake for cashing in on the GI bill? I think you need to educate yourself, OP. A student borrowed money in exchange for making a certain level of payments and working in a certain environment. That same student could also not enter into that agreement and pay the loan back in a more usual fashion and work elsewhere. Either way it a payback agreement. It's not a donation "gifted" to a student any more than the GI Bill is "gifted" to veterans. |
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Posted: 5/18/2017 12:24:28 PM EST
[#50]
Quote HistoryYeahQuoted:
I had three jobs doing my undergrad and worked my ass off so as to not have student loans. I also worked three jobs while earning my masters. Now working on my doctorate alongside having a full time job (and my wife works). Undergrad took me 5 years, masters 4 and doctor probably 3-4 as it stands now). $0 student loans. Screw the moochers, you can do it if you work hard and don't depend on free handouts. I lived in a shitty off-campus apartment, drove a crappy car with no A/C and ate little and cheap. Had absolutely no participation in 'the campus life experience'. Shared living expenses to a small extent with my girlfriend (our 30th wedding anniversary is this fall). Went to a 'low' tuition state school. I did wind up with around $15k in student loans which was not too bad. CSB and this story doesn't help anyone with a ton of student debt. Hopefully some sort of arrangement can be made to fulfill promises made by unaccountable politicians. AND FFS - those with tons of student debt - don't let your kids do the same. |
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