/biz/ - Business & Finance

>>50488175
They’re just going to delay it till next year

>>50488202
I hope they do. If they go by my 2021 tax return I won't get shit kek

>>50488175
Keep them delayed. It would be a problem if the lenders were all private but they're government backed, remember?

>>50488175
Student loans are the new hot potato. They'll be on-hold until the next election, where forgiveness will be an issue both candidates promise to handle, but they wont they'll just put them on hold until the NEXT election.

Hope none of you retards invested in any student loan servicers, lmao.

>>50488175
Student Loans will never get cancelled because it will set a precedent. You have to understand that vast majority of money is debt. If all debts are paid off, majority of money gets destroyed, creating a shortage, This will literally destroy the banks and credit buyers.

>MFW they cancel them, but it gets classified as taxable income

>>50488295
This precedent was already set by the obama bailouts, desu.

Student debt is never going away.

>>50488417
Bailouts are only for Banks Goyim, because Banks must never get destroyed.

They're just going to keep them at 0% which I don't think anyone would have a problem with

Just fucking pay it back. Holy shit. Tik tok? Not one single cent of government-backed student loans has been paid in more than two fucking years. Payments are still paused.

>>50488175
Typically the worst type of leftists have the biggest student loans. I hope they will pay forever.

>>50488175
I recently ran into $100k and my student loans are less thane $20k atm. Should I pay them off now or wait until forgiveness?

>>50488447
>What. the. fuck.

>>50488907
only god forgives

>>50488907
Only pay them if they're stressing you out, it makes more sense to wait and see

>>50488907

Pay it off you are also paying interest on that shit

>>50488907
I'm in a similar situation. I've decided to put off paying off the loans for the time being because I'd rather have the cash if a true recession happens, and because I see less of a reason to pay off the debt immediately with inflation being as high as it currently is.

>>50488202
There's not going to be a next year, democrats are getting thrown out on November and contrary to what reddit told you dementia man can't do shit on his own

>>50488295
These loans are one of the only things the cabal of government kikes actually own, and it’s the best leverage they have against the young and productive people in the country. They’ll never pull their claws out of it.

Just stop paying your student loans duh, what's the worst that can happen? They'll keep sending you more meaningless letters?
>Oh, no Mr. Shekelsberg I'm really scaaared of this mean worded letter you've sent me, yea let me just keep forking over hundreds of dollars every month to you

imagine willingly giving away money every month to some kike just because he said you HAVE to kek
just STOP paying anything and do not give them a single penny, and eventually the kikes will just give up and write it off on their accounting software
you literally have nothing to lose by not paying your student loans

Slabs are way too big for any govt to risk forgiving those loans

>>50488175

>>50489555
I'm not actually, I didn't take an unsubsidized loans so interest doesn't build until I am out of school.

>>50488175
Biden will be obstructed by all the Republicans and the two shitty Democrats in the senate so I don't think it will be cancelled.

G'day, that's wonderful! Everybody understands that crypto is the future, but have you tried Yopi Network?

>Earn while u spend crypto in daily transactions
>Pay globally with yopicash through NFC
>No team tokens
>Few big partnerships coming up

>>50488175
>letter in the mail saying my loans were forgiven
>called and asked about it
>it's real
>only been 6 months since I graduated
what the fuck

>>50488907
Also in about the same scenario. Got a good bonus and pay raise recently, owe about $22k. I think I’m just going to buy a property to rent out rather than pay anything on the loans. I’d be more worried about the loans if I wasn’t convince the interest accrual will remain paused, but since interest isn’t stacking up I see no need to rush. Money now is always worth more than money later, so make the most out of it while interest isn’t accruing

>>50488175
Trump and his virus got in the way. It'll really happen in 2024 if you vote for Biden, after donating all your money to Bernies campaign of course.

>>50488175
>be me
>hear about student loan cancellation in 2020
>live like a monk for a year and pay off $40k
>debt free
>fast forward to 2022
>still hearing about student loan cancellation
>mfw

>>50489891
You paid when they have been frozen? Yikes

>>50489891
Retard alert

>>50488635
>gender studies p.hd.
>157k debt at 9%
>37k a year salary in San Francisco
>thinks they are the educated middle class and deserve better

Kek, I’m glad they suffer.

>>50489939
>>50489983
why is paying off my student loans 2 years ago a mistake when inflation is ramping up? seems to me I made a good choice and now I'm debt free.

>>50489988
I live in around DC and most of the people I have to interact with are liberals. They all bitch and moan about student debt whenever it gets brought up. The ones that work for the government and especially the ones that have advanced degrees outside of STEM make it seem like they will never be able to pay off their loans. Or their loans are on schedule to be paid off only a few years before retirement.
These are also the people that are donating to causes and taking vacation days to go to marches, and are regularly going on international vacations.
I have a CS undergrad, make about 10% less per hour than the high end of them, and I have no debt, a nice car, a maxed out 401k and about $60k in the bank. In the next few years I might be buying land and building a house.
The only debt I will ever have will be a home loan and I plan to pay that off in before these other folks have paid off their student loans.

Captcha: S0AR SN

>>50490038
Inflation makes your debt less valuable though

>>50488271
They will do a pilot program where they cancel the debt of 1000 fat nigresses as everyone else pays on with baited breath.

...And by 'cancel', I mean the federal government will borrow more fiat from the FED jews to pay the SL-issuing bank jews.

>>50490098
>The only debt I will ever have will be a home loan
it's a trap. just buy in cash when the markets tank in the next 5 years.

>>50489988

Weird projection, but if that makes you feel better, good for you. Everyone I know with massive student loan debt (like in the range you are talking about) either - Went to a private school for rich kids like a mong and had to get private loans or went to law school hoping that the programs that are supposed to get them out of that debt actually would do that - they got cucked. I know medical and dental school kids also are fucked by debt, but usually, they get the $$$ to get out.

>>50488327
>One for you and one for your questionably aged daughter.
Just kidding, both are for your verifiably under-aged daughter.

>>50488175
>fake death
>student loan debt gone
>?????
>profit

>>50490108
I don't care about value. I care about being debt free. And if I waited it would be harder for me to pay it off since the cost of everything has increased.

>>50489712
Correct. Same with your taxes.

>>50490157
YGMI

>>50490038
idk why other anons are giving you are hard time. Maybe they think you should have been investing they money you usually would have put into your loan payments during the payment freeze.
My GF has been making larger payments since the pause to eliminate her higher % interest loans and only has about 12k left to pay off. She's waiting to see what happens first, end of the pause or forgiveness of any amount.
If they start charging interest again, she's paying everything off. If they forgive any amount and start up interest, she'll pay off the rest.
Like you, I also would have paid off my loans ASAP and lived well within my means

>>50490131
As usual, the American's sacred beast will be protected at all costs.

>>50490198
>YGMI

teachers invest their 401ks and pensions into private prisons.


this place is going to shit

>>50490142
>tell me your in debt without telling me your in debt

>>50489555
>Pay it off you are also paying interest on that shit
there is no interest accruing on student loans currently. there is literally no incentive to pay even one cent while this is the case. my loan payments have stopped until one of two things happens:
1. some decision is made to forgive some or all of my loan
2. interest begins accruing again
I'm still setting aside a standard payment in savings and if they do not forgive then i'll just pay that lump sum i've got set aside and be in EXACTLY the same place i would have been if i made monthly payments. if they DO forgive, then i will be able to maximize whatever forgiveness is offered and will avoid paying down a loan i wouldn't have had to pay. part of me says i took the loan and i should pay it back, the other 99% of me says i deserve loan forgiveness more than the monkeys that took loans and haven't paid any taxes in their entire life due to the color of their skin. fuck them.

>>50490134
>markets tank in the next 5 years
I'll be keeping my eye out in the coming years as I accumulate more $$$. Minimum 25% down and would have liked to do a 50% down payment.
But if the market crashes, I just might be able to buy in cash.
Depending on what I can find, I might end up buying a plot of empty land in the woods and building a new house there to last me the next 30 years before I end up in a retirement home

captcha: vv taxy

>>50488175
If he does pay them off I'm going to laugh at you all while he pays mine off. If he doesn't pay them off I'll just continue to pay them like I always have.

it is legitimately sad that people think that the government is going to forgive their loans. the federal government alone controls close to 2 trillion dollars worth of student loan debt. they're not forgiving a single fucking cent of that and will either start collecting again in a months or will keep putting it off until after midterms are done. do you really think that the organization that takes MONTHS worth of your wages every year is going to turn a blind eye to 2 trillion dollars?

>>50488202
Can you imagine them NOT delaying it further at this point? The democrats are basically trying to shoot themselves in the foot and piss off their base.