Not sure why folks don’t understand HE’s situation.  He got his loans paid off by Biden.  Then he got a home equity loan to do the house projects (garage, driveway, etc.). In other words, his student loan debt was paid off by the government, then he took on new debt.  Not sure why John Snow is confused…

6 minutes ago, Paul852 said:

Trump wants to close the Education Department altogether. I'm not sure why you think he won't end all these programs.

Someone would still have to do some of that work even if an education department doesnt exist in name. Dont forget his "no money for schools with vax mandates" line. So... schools will be getting money. Someone will be doing the work of finding out which schools to pay. Someone will be working in education whether they can technically say they are part of the education department or not. PSLF will not be going anywhere. That would be him turning his back on one of the largest portions of his base. 

I've never seen anyone more dedicated to dividing the country than this moron. He survives an assassination attempt and immediately goes right back to the insane rhetoric that he said he was going to "tone down." Then he wonders why he's been unable to make in roads with normal people.

 

2 minutes ago, pisceschica said:

Dont forget, on the very same night, in the very same speech, he later make a JOKE about it when he put up the slide that he was trying to show at that rally when he got shot. 

I was very surprised no one picked up on that and made fun of him for it. He didnt keep his word on "not talking about it" for even an hour. Not only did he talk about it, he made a joke about it.

Obviously a line fed by his handlers that he just couldnt stick with. 

3 minutes ago, Dave Moss said:

Not sure why folks don’t understand HE’s situation.  He got his loans paid off by Biden.  Then he got a home equity loan to do the house projects (garage, driveway, etc.). In other words, his student loan debt was paid off by the government, then he took on new debt.  Not sure why John Snow is confused…

the equity loan was only for the garage. The other stuff is already paid for. Man... reading for you guys is such a struggle!

My student loans were on a 30 year repayment plan (which isnt even offered anymore) and were going to have 20 years remaining at a higher interest rate.

My home equity loan is somewhere around 5% over 10 years. The payment is hundreds of dollars less than what our loan payments were. Money was still free to begin contributing more to a savings account that we can dip in to for projects like the garage, and the HVAC project. 

Paying off the long, high interest student loans allows me to spend more money, more quickly. Otherwise, Id just be paying those loans for the next 20 years and doing nothing else. 

Again, my example shows how easily that money can be multiplied and sent back in to the economy. 

He wasn't satisfied with just one Ashli Babbitt, he wants hundreds more to commit ritual suicide for him this time.

 

2 minutes ago, HazletonEagle said:

the equity loan was only for the garage. The other stuff is already paid for. Man... reading for you guys is such a struggle!

How much was the garage?

9 minutes ago, HazletonEagle said:

the equity loan was only for the garage. The other stuff is already paid for. Man... reading for you guys is such a struggle!

My student loans were on a 30 year repayment plan (which isnt even offered anymore) and were going to have 20 years remaining at a higher interest rate.

My home equity loan is somewhere around 5% over 10 years. The payment is hundreds of dollars less than what our loan payments were. Money was still free to begin contributing more to a savings account that we can dip in to for projects like the garage, and the HVAC project. 

Paying off the long, high interest student loans allows me to spend more money, more quickly. Otherwise, Id just be paying those loans for the next 20 years and doing nothing else. 

Again, my example shows how easily that money can be multiplied and sent back in to the economy. 

I said I understand the trade-off, goofball.  You still replaced one loan with another loan.  I think you’re the one with reading comprehension issues.   

9 minutes ago, Dave Moss said:

I said I understand the trade-off, goofball.  You still replaced one loan with another loan.  I think you’re the one with reading comprehension issues.   

You never said those words. What you said read as sarcasm to me. Im sure you can figure out why. Im used to seeing people ignore and make fun of logic in here. 

1 hour ago, Tnt4philly said:

This is exactly why the draft is BS. If we need to force our citizens to fight in a war, then it better be so grave that every able bodied person is drafted. No BS deferments. 

It would be better if there were no deferments. 

 

Should be of those things where unless you're in a nationally critically job, you're eligible.  And if you have a medical issue that prevents you from serving, you get it checked by the doc at MEPS, and if the doc confirms you have a medical condition that prevents it, you get to go to civilian job school where you get to ride a desk or whatever.

1 hour ago, JohnSnowsHair said:

Nowhere in my statement did I say that being debt laden isn't crippling financially. 

What I stated was that the financial impact of paying off a $36k loan does not translate into being able to make the kinds of major capital expenses he listed on their own. 

His argument is about how great getting a $36k loan forgiven is (of course) and trying to illustrate why Trump - being a very rational and responsible leader that we all know him to be and totally not an idiot who would reflexively "undo" everything Biden did out of a sense grievance - would never lay that debt upon him, a loyal lemming.

In my case, my only debt after graduation was the student loan.  My car was paid off, and I had not credit card debt, but the loan was enough to prevent me from moving out and renting or trying to buy a house.  So yeah, that delayed my contributions to society as a working professional.  I’m not saying it shouldn’t be paid back, but the cost of education and interest on loans is out of control.  College should be accessible to all and not be as much of a burden for 30 years of your life. 
 

For a lot of people the student loans are the most amount of debt they’ll carry for in their life time, outside of a mortgage, so they matter more than you think. 

"you guys are ignorant"

"I might vote for RFK"

The most CVON poster ever.

"He's not actually going to do the thing he said guys "

Rinse and repeat until the election.

4 minutes ago, DBW said:

In my case, my only debt after graduation was the student loan.  My car was paid off, and I had not credit card debt, but the loan was enough to prevent me from moving out and renting or trying to buy a house.  So yeah, that delayed my contributions to society as a working professional.  I’m not saying it shouldn’t be paid back, but the cost of education and interest on loans is out of control.  College should be accessible to all and not be as much of a burden for 30 years of your life. 
 

For a lot of people the student loans are the most amount of debt they’ll carry for in their life time, outside of a mortgage, so they matter more than you think. 

Trust me I get it man. My wife came into our marriage with about $70k in student loan debt that we paid off.

I was questioning HE's claim that forgiving $36k in student loans spread out over 20 years gave them the financial flexibility to do $100k+ in home improvements. A 10 year HEL even at a fixed rate of 5% (which would be quite low right now) is over $1k/month. The student loan was running him anywhere from $180 to $250 depending. 

The cost of higher education is ridiculous. I've got three kids to worry about, and no matter how much we put into their 529s it never feels like it'll be close to enough.  

But HE's math was very hand wavy. The $36k loan forgiven was a small part of his overall picture, and he over-emphasized its relative importance IMHO. 

2 minutes ago, JohnSnowsHair said:

Trust me I get it man. My wife came into our marriage with about $70k in student loan debt that we paid off.

I was questioning HE's claim that forgiving $36k in student loans spread out over 20 years gave them the financial flexibility to do $100k+ in home improvements. A 10 year HEL even at a fixed rate of 5% (which would be quite low right now) is over $1k/month. The student loan was running him anywhere from $180 to $250 depending. 

The cost of higher education is ridiculous. I've got three kids to worry about, and no matter how much we put into their 529s it never feels like it'll be close to enough.  

But HE's math was very hand wavy. The $36k loan forgiven was a small part of his overall picture, and he over-emphasized its relative importance IMHO. 

If his loans were around the time that mine were, he was paying $350+ a month on them.  I had around 30K so I don’t think he’s exaggerating the impact it had on them.  
 

30 minutes ago, Bill said:

It would be better if there were no deferments. 

 

Should be of those things where unless you're in a nationally critically job, you're eligible.  And if you have a medical issue that prevents you from serving, you get it checked by the doc at MEPS, and if the doc confirms you have a medical condition that prevents it, you get to go to civilian job school where you get to ride a desk or whatever.

If the future of the country is in grave danger, no deferments. Plenty of "noncombat” roles, even in combat zones, that can be filled. 

19 minutes ago, JohnSnowsHair said:

Trust me I get it man. My wife came into our marriage with about $70k in student loan debt that we paid off.

I was questioning HE's claim that forgiving $36k in student loans spread out over 20 years gave them the financial flexibility to do $100k+ in home improvements. A 10 year HEL even at a fixed rate of 5% (which would be quite low right now) is over $1k/month. The student loan was running him anywhere from $180 to $250 depending. 

The cost of higher education is ridiculous. I've got three kids to worry about, and no matter how much we put into their 529s it never feels like it'll be close to enough.  

But HE's math was very hand wavy. The $36k loan forgiven was a small part of his overall picture, and he over-emphasized its relative importance IMHO. 

your numbers are all so far off.

I had about 60k in loans. Not 36. 26k was remaining. And I had 20 MORE years to repay them. It wasnt a 36k loan on a 20 year repayment.

My home equity loan isnt for 100k+ either. Those jobs didnt add up to 100k. Plus, I said we paid for the HVAC already, and for the driveway. We paid cash for the driveway. The only thing we took a loan for was the garage itself. 

Its not my math thats hand wavy. Its your reading comprehension and assumptions that misled you.

And yes, we crushed it on the rate of the garage loan. Its 5.3 or 5.5. Something like that. Rates went up a couple of times since then. There was one rate hike almost immediately after we got the loan. We hit it at the right time.

56 minutes ago, HazletonEagle said:

And yes, we crushed it on the rate of the garage loan. Its 5.3 or 5.5. Something like that. Rates went up a couple of times since then. There was one rate hike almost immediately after we got the loan. We hit it at the right time.

2.65 on my refinance 

1 hour ago, M.C. said:

Man, women, person, camera, tv. Challenging. 

19 minutes ago, Paul852 said:

2.65 on my refinance 

We re-financed our home in the beginning of the pandemic for 2.49.

1 minute ago, HazletonEagle said:

We re-financed our home in the beginning of the pandemic for 2.14. 

Nobody likes a braggart, HE.

1 minute ago, Paul852 said:

Nobody likes a braggart, HE.

I fixed it. It wasnt that low. 2.49