scorpeao
Pearl Clutcher
Posts: 4,521
Location: NorCal USA
Jun 25, 2014 21:04:54 GMT
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Post by scorpeao on Jul 1, 2019 22:27:09 GMT
Certain professions qualify for student loan forgiveness. For instance, if a teacher works at a Title 1 school for a certain amount of time a portion of their loan is forgiven. I work for a University. After a certain number of on time payments, I think it's 10 years, I can apply for loan forgiveness. After paying a student loan for 25 years the balance is forgiven. However, all these come with a catch...that forgiveness amount is then considered income. The government will get their money somehow....
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Post by chances on Jul 1, 2019 22:55:39 GMT
There are so many different pieces to this puzzle, but if it isn't solved it WILL cause major issues for everyone, not just those who are in debt. What I find very odd is that the US is a country where we insist on personal responsibility for things like education and healthcare - you have to pay for it out of pocket because SOCIALISM! We never have trouble finding the money for unlimited presidential golf trips, never-ending wars in far-off places because supposedly the people over there 'hate our freedom', corporate subsidies and bail-outs, or the newest, coolest bomb that blows things into pieces .000000001mm wide instead of .0000001mm wide. But suggest that the government do things to actually help the people who pay the taxes? I 10000% agree with this
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