ulf wrote:obama says he's gonna veto this because GOPers used funds from his healthcare bill to fund it.
dems heads have to be spinning lolz
mac5155 wrote:ulf wrote:obama says he's gonna veto this because GOPers used funds from his healthcare bill to fund it.
dems heads have to be spinning lolz
U mean the one to stop it from doubling?
mac5155 wrote:ulf wrote:obama says he's gonna veto this because GOPers used funds from his healthcare bill to fund it.
dems heads have to be spinning lolz
U mean the one to stop it from doubling?
ulf wrote:mac5155 wrote:ulf wrote:obama says he's gonna veto this because GOPers used funds from his healthcare bill to fund it.
dems heads have to be spinning lolz
U mean the one to stop it from doubling?
Oh yes. I didn't realize there were 2 different issues with student loans right meow
ulf wrote:mac5155 wrote:ulf wrote:obama says he's gonna veto this because GOPers used funds from his healthcare bill to fund it.
dems heads have to be spinning lolz
U mean the one to stop it from doubling?
Oh yes. I didn't realize there were 2 different issues with student loans right meow
columbia wrote:Or people could just pay off their loans, like they legally agreed to in the first place.
mac5155 wrote:Yep. Sallie mae must have different maximum terms of repayment. I'm sure if I called I could get it changed, but it's ok as thats roughly what we were sending regardless..
mac5155 wrote:Sorry to bump this thread but I need a second set of eyes to run these numbers for me. Something isn't jiving with me.
My fiancee's loan from Direct Loans (consolidation loan) was just sold to Sallie Mae. I'm wondering about that. It seems Direct markets to you then sells to Sallie mae. Whatever, the interest rate didnt change. The term and payment seem to have changed though which I think is shady. Nothing earth shattering but still an extra 90-100 a month.
Here was the old term/payment.
$23,800 consolidated at 5.5% interest
payments were $161 a month for 240 months
This loan was sold to sallie mae and split up by subsidized/unsubsidized.
New term:
$23,100 was sold to sallie mae (she made 6 payments or so before it was sold)
175 payments @ $182.85
60 payments @ $48.09
total monthly payment $231
I think I just figured it out lol. I still want to post this though since it took too much thought. the 231 payment will only last for 60 months, and then the other 115 months will be $182.85. Technically since the payment has increased by $70, the total paid will be 34,887 instead of the original $38640
shafnutz05 wrote:Yeah, I think that's another issue...racking up a $100k loan on a diploma that pretty much anyone could tell you it's near impossible to find any success in the field. I obtained a degree in political science, and quickly realized that it was going to be very difficult for me to get into any kind of political career that could support me. So I sucked it up and got a job in a completely unrelated field, and I'm doing great five years later.
I just use the degree for arguing
Troy Loney wrote:shafnutz05 wrote:The bill would reward graduates for entering public service professions like teaching and
firefighting.
I have a bit of a problem with this portion of the text. I don't think people should be so handsomely rewarded for pursuing a "public service" (read: government) profession. If the true aim of this bill is to "jump start the economy", that doesn't make any sense. I'm assuming it's a nod to the unions, but meh.
All that being said, I am pretty firmly against these kind of "loan forgiveness" bills. It rewards financial irresponsibility, IMO.
So you want kids to get $60K educations to go work public service jobs that are going to pay $40K a year maybe? It seems like some sort of compromise is needed here, either the government hires a bunch of unqualified people to work public sector jobs, or you give people some sort of incentive to accept lower compensation (as it is obvious that cutting the cost of government means paying these workers in the $40K range and cutting their pension and insurance benefits).
mac5155 wrote:No I agree. I signed on the dotted line so I should have to pay.
mac5155 wrote:Yep. Sallie mae must have different maximum terms of repayment. I'm sure if I called I could get it changed, but it's ok as thats roughly what we were sending regardless..
Users browsing this forum: No registered users and 5 guests