The talk I'm hearing through the grapevine of people who work in student loan agencies is pretty speculative. The good news is that Biden is expected to do some kind of forgiveness. That bad news is that it doesn't appear to be a high priority compared to things like voting rights, Covid, and other issues on his front burner.
Please tell your friend she is eligible for a death discharge for her federal parent plus loans. If the student for whom the loans were taken out dies, the loans will be discharged. I don't know about the private loans.
I have a rather sizable crew of friends who've fled the US with glee in their voices, a spring in their step and not a look back . . . lot's of them!It makes me wonder why so many intelligent people remain here despite everything about the US being basically dysfunctional and far harder and tortuous than need be. It feels like the reality of our Country, it's substructure of 3rd world scarcity and hard-scrabble desperation underlying a false image of clean and shiny wealth is starting to take over in more ways than just inequality, the Coup of morons and the self-assertion by intellectually and historically deficient idiots slavering for a vile Conman's arsehole is proof!
Oh I forgot about that, mostly because at the beginning of the pandemic there were those "OMG I'm going to lose my investment houses that I was using as AirBNB's" though I don't know if they actually did.
Both my sister and I also got burned by for-profits. I was lucky because my in-laws paid for my useless computer training. My sister has been carrying debt for at least 15 years and may die with it.
My sister is in this group. She made damn sure her daughter avoided student loans if at all possible because she knew they'd haunt her for her entire life if she didn't. I'm in my 40s and I still have an outstanding $10K - I haven't paid off the last bit yet in the probably vain hopes that some Biden Bucks will take care of some of it, but I have definitely been enjoying the forbearance and 0% interest this last year. Thankfully, Mr. Anzu has a +1 luck stat and made it through a PhD with no loans, so my outstanding 10K is the last of our debt.
I've paid off $40,000 of debt right now. If every single dollar owed by every student, older and younger than me, was wiped out, I would not be upset. I would be glad, because it was a debt none of us should have had to pay in the first place.
The talk I'm hearing through the grapevine of people who work in student loan agencies is pretty speculative. The good news is that Biden is expected to do some kind of forgiveness. That bad news is that it doesn't appear to be a high priority compared to things like voting rights, Covid, and other issues on his front burner.
Please tell your friend she is eligible for a death discharge for her federal parent plus loans. If the student for whom the loans were taken out dies, the loans will be discharged. I don't know about the private loans.
Thank you for the advice. I will tell her. But I believe it is mostly private loans left over at this point.
Yeah, I'll be paying forever and I'm just a few years shy of 60. Sure I default regularly . . . but what can I do?!
I have a rather sizable crew of friends who've fled the US with glee in their voices, a spring in their step and not a look back . . . lot's of them!It makes me wonder why so many intelligent people remain here despite everything about the US being basically dysfunctional and far harder and tortuous than need be. It feels like the reality of our Country, it's substructure of 3rd world scarcity and hard-scrabble desperation underlying a false image of clean and shiny wealth is starting to take over in more ways than just inequality, the Coup of morons and the self-assertion by intellectually and historically deficient idiots slavering for a vile Conman's arsehole is proof!
I have some ideas, but they're all [REDACTED]. *frowns in dark, bloody hate*
Oh I forgot about that, mostly because at the beginning of the pandemic there were those "OMG I'm going to lose my investment houses that I was using as AirBNB's" though I don't know if they actually did.
I doubt I will ever pay mine off. But at 74, I am not worried about that very much. They get what I can pay.
If that's the way you feel--"I've got mine already, so screw the rest of you!"--perhaps you'd feel more at home over on a board at Newsmax...
They probably pay their board members as well as George Soros does, so I guess not.
My dear friend is 70. He no longer opens the HESC letters; no job, no benefits, no hope 😢
Both my sister and I also got burned by for-profits. I was lucky because my in-laws paid for my useless computer training. My sister has been carrying debt for at least 15 years and may die with it.
I'd love to dig those 'advisors' up and have a word; for all the good it'd do.
They screwed us all.
$200k? Well, ok. Rent is really over rated.You've got the car to live in, loser. /s
My sister is in this group. She made damn sure her daughter avoided student loans if at all possible because she knew they'd haunt her for her entire life if she didn't. I'm in my 40s and I still have an outstanding $10K - I haven't paid off the last bit yet in the probably vain hopes that some Biden Bucks will take care of some of it, but I have definitely been enjoying the forbearance and 0% interest this last year. Thankfully, Mr. Anzu has a +1 luck stat and made it through a PhD with no loans, so my outstanding 10K is the last of our debt.
I've paid off $40,000 of debt right now. If every single dollar owed by every student, older and younger than me, was wiped out, I would not be upset. I would be glad, because it was a debt none of us should have had to pay in the first place.