ZackieChan
Member
Haha, I have one of those too.
Nothing.
Seriously, is no one reading the actual article?
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Devos removes Obama Student Loan protections
- Thread starter Karamsoul
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Haha, I have one of those too.
Nothing.
Seriously, is no one reading the actual article?
I think the frightening part is expecting 17 year old kids to understand these concepts when they likely haven't lived by themselves or anything like that. I personally tried to wrap my head around what I would actually be paying with these loans and they gave me really roundabout answers and said they couldn't really tell me because it's so variable. Even if they had been able to tell me it'd be $300-$500 per month for 30 years my 17 year old mind wouldn't know what the fuck that meant. Again, I hadn't lived alone. I hadn't grocery shopped alone. I didn't pay utility bills. How the shit am I supposed to know what $300-$500 per month even means. That's on top of the fact that it's that much 4-5 years down the road and with a mystery job and mystery expenses.
Student loans are just fucking dumb. You make the biggest financial decision of your entire life with almost no context or concept of what it actually means.
TeamLeftMatch
Member
Seriously Fuck this administration. Watch as they complain that education is low in America compared to the rest of the world, and then they ruin their education even more.
When my wife set up her payments for her loan, the person over the phone set her monthly payments so low that she was actually paying less than $50 of the principal (and ~$300 for the interest). I had to explain to her that we had to bump up her monthly payments or she'd be paying that loan off for decades. We knocked off half a decade and like five grand in interest by just bumping up the monthly payments by $100.
The people that set up the payments are probably told to do this, without explaining the consequences. Fucking crooked.
The people that set up the payments are probably told to do this, without explaining the consequences. Fucking crooked.
Its even worse then this, most of the people voting in the people pushing these policies are the ones whose live's will be the most damaged by insane GOP financial policy.
they will just blame it on Obama and people will believe because CNN is fake news
Trumps administration has given me a new found of respect for the Obama administration that I never had before. Obama is probably a top ten president of all time.
Empyrean Heaven
Member
Because fuck kids who can't pay their student loans, they shouldn't be buying iPhones or PS4s!
BlueTsunami
there is joy in sucking dick
With this act alone, its obvious what they'll do with public education. This is about as terrifying as Trumps foreign policy so far. Generations of kids are gonna get fucked.
Common Knowledge
Member
The article doesn't really do a good job of explaining what this actually changes, to be fair.
Baron Doggystyle von Woof
Member
This administration is just pure evil. I feel for you Americans.
Pandora012
Member
Just make sure it's a non-profit that is tax-exempt under section 501(c)(3).
sturgboski
Member
Fuck Republicans, those that support and vote for them, and those who didn't vote to stop this.
El_Tiguere
Member
The burden on our poor banks must be lifted, so that Ayn Rand's Invisible Claws can work their magic. Praise be to thee, oh Father Market.
The left eats itself, instead of jumping on the slow March of progress.
davepoobond
you can't put a price on sparks
government should stay out of the business of defending its citizens from corporations or something
2Smashed4U
Banned
Fine, let the bubble burst. See how much fucking many these scumbags get from me and everyone else then.
Fucking assholes.
Fucking assholes.
Pandora012
Member
You fill out the form after the 10 years have past
theechrisfox
Member
I wish republicans would realize that the correlations they are using to make these awful decisions are actually considered science. Maybe then they would stop.
witchedwiz
Member
let's put it like this..
when it's time for the next elections you won't need to look up the facts about the opponent of the currrent administration.. if things continue like this, you'd vote just anyone
Parmadillo Marshmallow
Member
LOL. Unfortunately, science is only considered bad if it disagrees with their agendas.
Problem is millenials actually like Obama.
Plinko
Wildcard berths that can't beat teams without a winning record should have homefield advantage
You can sign up now to verify each year that your payments count toward this forgiveness. I've been doing it for 8 years.
Pandora012
Member
Oh really? All I found on the site was a note saying the form will be out before Oct 2017. Could you post the link? Want to start checking, since I started recently at a non profit.
Ziltoidia 9
Member
I am also doing this route, on year 3. Hoping to god that they don't screw this one up down the line.
I do a check up on mine yearly to make sure they are counting towards it, when I do my IBR sheet.
As poisonous to the entire nation as she was to my state, as anticipated. Wretched witch.
Each and every one of those idiots are just as loathsome as the tyrants that their apathy helped empower.
SpaceCadetKeon
Banned
This won't affect Trump supporters in any way.
TemplaerDude
Member
It's amazing how this administration just says things and that just makes it true?
Oh well, more money to blow up some other countries.
Good job, America!
madstarr12
Member
They're just as selfish as the extreme right. Also very ignorant, getting fooled by the incorrect caricature of Hillary Clinton, just like the uneducated were fooled into voting for Trump.
Vegetable Lasagna
Member
lol is this serious? I deleted the rest of my reply because I just can't tell anymore.
chromatic9
Member
Generation Z is Zero isn't it?
It's obviously a joke post making fun of those who didn't want to vote for Hilary, yet said they hated Trump
Fuck this lady. She's going to remove all of the payment programs Obama put in. Those programs are barely holding off a huge student loan debt bubble and crash as it is, with defaults and debts at all time highs. She's going to destroy the poor and middle class with inflexible, crushing student debt so that "taxpayers" (read: rich fucks like her) can get bigger tax breaks. Fuuuuuuuck her and Trump.
Netherscourge
Banned
GoP Voters: Ha ha! We showed those intelligent college people! Now, where's my pickaxe? Time to get back to the coal mine! I bet those Liberal Arts majors don't know how to swing a pickaxe! BWAAAA HA HA HA HAR AHR ARH ARHA RRRHRRH COUGH COUGH COUGH COUGH, /SPIT SCARY BLACK FLUID.
AtomskEater
Member
Yep, had a friend who didn't vote, she got side-eye the rest of the time we were out that day. Young people need to fucking vote and be practical about it.
SatelliteOfLove
Member
That Clinton thing couldn't have been better timed.
And this was one of types of things I called my senators about in January. Funny about that, huh?
And this was one of types of things I called my senators about in January. Funny about that, huh?
Typical Republican style governance. Remove protections of consumers and/or the regulation of business implemented by someone else, cite vague reasons such as "it was inconsistent" or "didn't work" while not being able to provide any actual examples of either, and have no replacement or improvement in its place.
DeVos has stakes in a company that collects student loan debt, BTW (in case no one else has mentioned it yet). Elect an oligarch for president, get oligarchs appointed. I wonder who the legion of /r/T_D assholes are going to blame their problems on when they default on their student loans.
DeVos has stakes in a company that collects student loan debt, BTW (in case no one else has mentioned it yet). Elect an oligarch for president, get oligarchs appointed. I wonder who the legion of /r/T_D assholes are going to blame their problems on when they default on their student loans.
No, I graduate in August and I don't think I can sign up until then. It's really stressing me out because if they get rid of it in the next 4 months, my future is going to look very different.
What is the interest rate on this thing?
27k loan at 6.8% interest over 30 years will cost you $63367.13 total, interest fees alone are $36,367.13, or $101 a month
amen
Damn that's a like car payment, you need to set up the payments so that they cover the principle first.
LegendofJoe
Member
It has me panicking as well. I moved to Arkansas so my wife and I could afford to buy a house and have two kids in daycare. If IBR is eliminated I will have to declare bankruptcy in about 3 years.
I filed a complaint against Navient with the Consumer Financial Protection Bureau and I'm looking into refinancing. I won't let the thieving hucksters that run this country fuck me anymore than I have to.
ZackieChan
Member
They would be completely insane to remove IBR (I'm completely aware that they are, in fact, insane). I'm pretty sure it would be devastating to a huge amount of people.
They'll just continue blaming it on faceless liberal arts majors who take loans.
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