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In reply to the discussion: This argument about having paid your loans and so should everybody else [View all]Ocelot II
(115,661 posts)9. Everybody does not get a "free ride."
$10,000 of their loans will be forgiven, but only for those whose annual income is less than $125,000 per year. Low-income borrowers who went to college on Pell Grants can get up to $20,000 in student loan forgiveness. However, the lift the freeze on federal student debt payments, is being lifted in January. The administration is also proposing a rule to create a repayment plan in which borrowers pay no more than 5% of their monthly income on undergraduate loans. Clearly this is not a free ride. Some people have six-figure loans for, e.g., medical school, and this program won't help them, especially if they are already doctors.
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This argument about having paid your loans and so should everybody else [View all]
drray23
Aug 2022
OP
If an unfair system stops being unfair, somebody's going to take it in the shorts
gratuitous
Aug 2022
#4
Exactly. I graduated in 1995. When I started, tuition was $54 a credit hour. when I finished
Ray Bruns
Aug 2022
#18
Check out Norway: College students, even foreign ones, pay no tuition at all.
Ocelot II
Aug 2022
#56
I am glad to see money directed toward young people. We certainly left them with a screwed world.
NNadir
Aug 2022
#13
It is always better to give tax money to each other than to corporations & their investors.
NullTuples
Aug 2022
#20