Sir, that was some good information and some people overlook community colleges. I went to a community college, and my total debt coming out of that community college with the help of financial aid was only $1000.
Both Sides: Why we don't fuck with the GOP
- Thread starter donwuan
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Most people pay their mortgage lender 3x the price of their house when it's all said and done. That's the price for taking a loan. Nobody said you can't pay cash, if you have it.
I agree. There ARE alternatives. Not everyone CAN afford University. There are community colleges, trade schools, etc. You have to understand your budget and what is reasonable for you. Don't go to a high price university then cry when the bill comes due. Take fiscal responsibility. The first experience a new college grad has shouldn't be that you aren't responsible for YOUR bills.
And sometimes the lenders screw the borrower crazy interest rate schemes and etc. You seen what happened in 2008 that crash was all on the lenders.
OK I’m glad you agree with me, but that wasn’t my point remember what I told you in my original reply to you. College was free not too long ago until PWI started integrating. And most people who have student loans that be forgiven, will use the money and other parts of the economy. Again, if you could, forgive PPP loans could forgive college loans. Don’t mind people paying their for sure, but it has to be fair across-the-board…. because there are some rich people who haven’t paid taxes in damn 15 or 20 years.
True. I'm not going to defend the lender in that situation, but the buyer was also at fault for not considering the fine print. It was mutual destruction in my opinion.
Right. Some of the numbers I've seen with people getting PPP loans forgiven could pay the debt of so many people with student loans.
I don't think PPP loans and College loans are a fair comparison
On a scale of 1 through 100 the buyer fault matrix is only at 5%. If I’m lending out money and you want a $500,000 house and you working at Burger King and I still give you that money who fault that is.????? I thought so
The thing with a mortgage, you can file for bankruptcy and have it cancelled.
Student loans are different because you can't get bankruptcy relief from them. No matter how underwater you are on your student loan payments, you are stuck with them. Now, there is a reason for that (you can't take away someone's degree or knowledge) but that doesn't change the fact that there is no way back from a bad educational investment. Not everyone turns a college degree into millions of dollars - some folks struggle to make the minimum payments every month.
So it makes sense that we are having a conversation about what to do for folks who have massive student loan issues - so bad they are causing them to delay other major life milestones. One of the points of bankruptcy is we feel that poor financial choices shouldn't be permanent, and we need to figure out how to make that work for all debt.
I will always defend getting an education whether it's trade school, community college, or college....An educated workforce is good for the economy and the USA....
I know too many niggas with a high school diploma that can't pay for shit and are struggling....
Louisiana you guys should have came out and voted this guy is going to fuck up shit all over again just like your last Republican governor did. People you don’t understand Louisiana is a few steps away from Mississippi financially. Majority of the money is generated by New Orleans. If New Orleans finally goes underwater, that whole state is going to hell which is already halfway there.
And I know a lot of Doctors that make a considerable amount of money and are living paycheck to paycheck due to their Med School Loans. maybe it's just me, but i believe as an adult, you need to honor your debts.
The loan itself should be honorable. Student loans are no different than a loanshark deal. And who the fuck thought it was a good idea to strap someone under 25 with tens to hundreds of thousands of dollars in debt on a MAYBE that they'll achieve that goal. . make that make sense.
Funny how this country desperately needs physicians, especially Black ones and does nothing like other countries to help with half a million in debt. Cuba will pay all med school loans if you stay and help the underserved for 4 years.
Why is that not a fair comparison? Also. were your PPP loans forgiven?
I agree you should pay your debt and I also work and know a lot of doctors also....
One of the main programs that doctors can do to get there loans discharged is working at a federal qualified health center (this is the main one). Working in a rural practice or somewhere in the inner city.
I think people are confusing forgiveness with just eliminating debt which is not what people want. I think fixing a broken system and creating a system where people can pay their bills and live a comfortable life is what most are seeking....
Why should I pay 300K when I only took out 120K for school??
Loan Forgiveness for Medical School Debt
Exploring loan forgiveness programs
Even if you take out a high number of loans to pay for medical school, your overall debt burden might be low if you participate in a service program once you graduate. Due to the exceptional need for primary care physicians, loan forgiveness programs in these fields are more widely available than for other specialties.Loan forgiveness and/or repayment programs are sponsored by national, state, and local governments, as well as some private organizations. Typically, after completing a residency, physicians who enter these programs are recruited to practice in designated health professional shortage areas (HPSAs). Benefits vary, but on average, participants provide service for two to four years (depending on the number of years they received support) in exchange for living stipends and repayment of educational loans.
Student Loan Relief
The federal government is canceling up to $20,000 of federal student loan debt for millions of Americans. Below are links to additional information on the student loan relief package, as well as advocacy efforts for a more long-term solution for medical students and family physicians.- Aug. 25, 2022 - AAFP News: Administration's Student Debt Moves Mark AAFP Advocacy Wins
- Aug. 24, 2022 - Fact Sheet: President Biden Announces Student Loan Relief for Borrowers Who Need It Most
- Aug. 25, 2022 - Family Medicine Action Center: Urge Congress to Address Student Debt and Pass the REDI Act
- Aug. 27, 2022 - The Hill Op-Ed: Why Congress Should Target Medical Student Debt Relief Next
National Loan Forgiveness Progams
The programs and resources listed here are a sample of available loan forgiveness programs. Contact the financial aid office at your school or your family medicine department for more information.Association of American Medical Colleges (AAMC) – The AAMC provides a directory of state loan repayment programs with service commitments. The programs listed are only a sampling of those available. See your financial aid advisor for more information.
Government Loan Forgiveness Programs
Indian Health Service (IHS) Loan Repayment Program – The IHS Loan Repayment Program awards up to $40,000 for repayment of student loans in exchange for a two-year commitment to practice in health facilities serving American Indian and Alaska Native communities.National Institute on Minority Health and Health Disparities – Participants are offered loan repayment to develop research programs that reflect an understanding of the variety of issues and problems associated with disparities in health status. Eligible applicants
National Health Service Corps (NHSC) Loan Repayment Program – The NHSC offers up to $50,000 toward loan repayment for licensed health care providers in exchange for two years of service at an approved site.
NHSC Students to Service Loan Repayment Program – Medical students may earn up to $120,000 in their final year of school in exchange for a commitment to serve at least three years at an approved NHSC site in an HPSA of greatest need.
NHSC Scholarships – Scholarships are offered to students dedicated to a career in primary care. After residency completion, you will serve at a practice site that is in a HPSA of greatest need. The period of service is one year for each year of scholarship support, with a two-year minimum commitment.
Public Service Loan Forgiveness (PSLF) Program – The PSLF Program forgives the remaining balance on an individual's Direct Loans after he or she has made 120 qualifying monthly payments under a qualifying repayment plan while working full-time for a government or not-for-profit organization. If you plan to enter this program, be sure that you have accurately researched requirements and eligibility for PSLF. There are strict guidelines regarding which payments qualify for forgiveness, and proper documentation is essential.
U.S. Department of Health and Human Services Health Resources and Services Administration Primary Care Loans – Primary care loan programs provide long-term, low-interest loans to full-time, financial-needs students to pursue a degree in allopathic or osteopathic medicine. Students must enter and complete residency training in primary care within four years after graduation, and practice in primary care for the life of the loan. See the AAMC directory of state loan repayment programs that have active programs.
Health Resources & Services Administration (HRSA) Faculty Loan Repayment Program (FLRP) - HRSA loan program open to faculty members. HRSA will repay a portion of your health professional student loan debt ($40,000 max over two years.) In return, you serve at an eligible health professions school. Check out the FLRP application page for more details.
Armed Forces Health Professions Scholarship Programs
When did Darryl Scott get his negro wake up call? 
...is anybody making the case for cars or mortgages? Student loans are usually government backed loans. Most mortgage and car loans are not government backed, so they aren't the same. Asking the government which is supposed to work for you to forgive a loan is not the same as asking a bank to forgive a loan. Forgiving that loan that is government backed, who does it hurt? It'd be one thing if the government was hurting and needed that money, but they're good.
But that was a contract that they signed them financial institutions should have failed! Funny that talk is never brought up.
And like I stated earlier, people will use the money that they was going to use to pay off their student loans and put it into other parts of the economy
I don't understand why anyone would be surprised that a walking minstrel act watches another minstrel act.
When did Darryl Scott get his negro wake up call?
He didn't.
That fool actually said that the majority of Republicans/Steve Bannon were not racist.
He also still supports Drumpf.
"Gon and git, Dance boy dance"
I'm so tired of these coon ass niggas who want to be honorary cacs. They really think they be saying something that's profound too, all that tap dancing ain't gon get you a seat at the klan roundtable.
this is some bullshit. I would demand a city audit first to see what they have been doing with park money prior to this being an issue.
"Gon and git, Dance boy dance"
I get fake black person vibes from this account. Are any black conservatives still pushing that fag Jesse Peterson? On second thought, could this be Uncle Jesse's burner account?
When did Darryl Scott get his negro wake up call?
MAN! I didn't know Brian Pumper was sick! He looks like he lost A LOT of weight!
I saw him and was like I thought that mafugga was in jail
