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applegrove

(126,110 posts) Sat Apr 26, 2025, 11:36 PM Apr 26

"This is why the student loan bubble is about to burst. I feel bad for this woman--but she freaking nails it". 🔥

Last edited Sun Apr 27, 2025, 12:09 AM - Edit history (1)

This is why the student loan bubble is about to burst. I feel bad for this womanâ€”but she freaking nails it. ðŸ”¥
— Christopher Webb (@cwebbonline.com) 2025-04-26T13:38:42.987Z

This is why the student loan bubble is about to burst. I feel bad for this woman—but she freaking nails it. 🔥

5 replies

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"This is why the student loan bubble is about to burst. I feel bad for this woman--but she freaking nails it". 🔥 (Original Post) applegrove Apr 26 OP

If eligible, she needs to apply for income-driven repayment. It is, unfortunately, the best option available. Silent Type Apr 26 #1

I think she has been on that plan for years. applegrove Apr 27 #2

Then, after making payments for 20 or 25 years on time, any balance will be forgiven. And, Silent Type Apr 27 #3

Oh I was not familiar with those details. I'm in Canada applegrove Apr 27 #4

Just wondering if she read the terms when she borrowed the money bottomofthehill Apr 27 #5

Silent Type

(9,510 posts)

1. If eligible, she needs to apply for income-driven repayment. It is, unfortunately, the best option available.

Reply to applegrove (Original post)

Sat Apr 26, 2025, 11:40 PM

Apr 26

applegrove

(126,110 posts)

2. I think she has been on that plan for years.

Reply to Silent Type (Reply #1)

Sun Apr 27, 2025, 12:06 AM

Apr 27

Silent Type

(9,510 posts)

3. Then, after making payments for 20 or 25 years on time, any balance will be forgiven. And,

Reply to applegrove (Reply #2)

Sun Apr 27, 2025, 12:20 AM

Apr 27

there are even provisions to allow for unemployment, hardships, etc., that affect timeliness.

I’m not saying that’s ideal, but it’s a pretty good deal under current laws. But not all loans qualify.

applegrove

(126,110 posts)

4. Oh I was not familiar with those details. I'm in Canada

Reply to Silent Type (Reply #3)

Sun Apr 27, 2025, 12:25 AM

Apr 27

and the government still pays 2/3 of our university costs. 100% if you are indigenous.

bottomofthehill

(9,169 posts)

5. Just wondering if she read the terms when she borrowed the money

Reply to applegrove (Original post)

Sun Apr 27, 2025, 01:20 AM

Apr 27

I am all in favor of paying back what you borrowed with a small administrative fee to rover the servicing of the loan. Not debt forgiveness but surly the government does not need to be charging 7 plus percent on a student loan, pay what you owe.

On the other hand, we borrowed the money knowing the terms and made decisions in life on schools, jobs, housing and other stuff based on the terms.

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