It should also be said that just because I already paid my student loans off doesn’t mean I don’t want other people to be in debt. Student loan forgiveness needs to be up there with the livable wage.
Student loan forgiveness is regressive by definition (those lucky enough to go to college are a minority that earns on average $0.5 to $1 million more over their lifetimes, than those who don’t), aren’t you against wealth transfers from poorer to richer?
There are two types of loans: subsidized and subsidized. The subsidized loans do not accrue any interest, as the fed pays that for you. Unsubsidized loans do accrue interest; typically a lower rate than regular loans (mine were 6%). Student loans cannot be discharged through bankruptcy.
It should also be said that just because I already paid my student loans off doesn’t mean I don’t want other people to be in debt. Student loan forgiveness needs to be up there with the livable wage.
Student loan forgiveness is regressive by definition (those lucky enough to go to college are a minority that earns on average $0.5 to $1 million more over their lifetimes, than those who don’t), aren’t you against wealth transfers from poorer to richer?
There’s some double negation confusion at work here, but I think you wrote that you do want other people to be in debt ;)
Yes. You’re right. Thankfully it seems everyone understands what I meant though. 😊
Yaaas. Let’s uplift each other people! Your fellow workers are NOT the enemy!
does your student debt accrue interest?
Yes, enough where its possible to have your student debt die after you.
Probably not after it was paid off
you never know with America
There are two types of loans: subsidized and subsidized. The subsidized loans do not accrue any interest, as the fed pays that for you. Unsubsidized loans do accrue interest; typically a lower rate than regular loans (mine were 6%). Student loans cannot be discharged through bankruptcy.
That is not correct. Subsidized loans accrue interest, but only starting six months after graduation or when you drop below half-time enrollment.
And the rate is the same for subsidized and unsubsidized, currently 6.53%. https://studentaid.gov/understand-aid/types/loans/interest-rates
My loans were over 20 years old. Things have changed since then.