The pause on student loan payments is coming to an end. Should you start paying those off now? Will the government cancel student loans? How will student loan payments impact the economy? All that and more!
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The coffee is 💪🏼 today. 😂
Paid mine in full in late February 2023 ($16,903).
I had to pay mine and never even finished my degree. I knew it was my obligation to pay them back. Absolutely foolish imo.
It’s the cost of education that needs to be addressed. As long as the government hands out unlimited money in student loans, colleges will raise the price of tuition without limit. What we have is a society of educated people living with crushing debt and a whole lot of undedicated people living in crushing poverty. We need more than a $400bn band aid.
Im no lawyer but do enjoy reading laws and Bidens student loan thing will 100% not be okayed by the supreme court. They used a law meant for military members. Would be nice for my household if it goes through but legally speaking this can’t be allowed to go through.
the real economic cost of student loans on the economy is bigger issues than all the money lost in income. sure people should pay their loans back, but think about how much these loans are holding back this latest generation from applying there educations, it hampers the economy more than it helps.
If we’re gonna do this, people who paid off student loan debt tied to the government should get a tax credit. People who didn’t go to college or didn’t take student debt should stay on the sidelines and stop expecting something. That would be like me complaining about the government providing tax benefits to families with children, when I have no children myself. Or – we can just not do this at all (which makes the most sense)
Thanks Dustin and Eric good talk
Too bad we couldn’t see Dustin’s chart
New Show: Jazz in the Dark – This episode Eric brings the light to Student Loan Debt. The tradeoff – $50,000/year at a cost of $200,000 for your education. Who needs to held accountable the lender or lendee? What portion of our society will act responsibility going forward. Also in this episode Dustin announces his run for President in 2024. “Vote for me” 🙂
Our portfolios go up if people spend more, and people can spend more when they owe less student loans. It’s literally holding back the economy to have so much of people’s capital locked up by the government. That’s what taxes are for.
I do not think that my tax money or your tax money should have to pay off anyone else’s student loan
. I didn’t go to college. My wife did to be a teacher, and when we had our second child, we decided to have her quit working to take care of our children and I paid off her student loans. So I’ve already not gone to college and paid off student loans because it was the right thing to do. This was only back in 2012 case you needed a point of reference we’re not talking about the 90s or 80s here.
We can have a talk one day. They should revise the entire loan/grant/Fafsa process.