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Originally Posted by MR DERBY CITY
Only in the USA do we forgive student loans ( so ME and you pay for them) while the **** for brains students destroy their campuses….Thanks to JOE and the TARDS !!!  |
Hi MJ!
I made off and on payments on my Snap-On Tools while I was working. But these student loans are in another league. We know a lady that went to college back in 90's. She borrowed 125 grand. No payments were needed until she graduated (although the loan continues to accrue interest), then after graduation she started making her 1000 monthly payment. She graduated in 1997. So, she's paid 27 years. She still owes almost 80 grand. She will NEVER get it paid off. These loans must have been set up by loan sharks, or credit card companies. Unlike other debt, you can't file bankruptcy on them. They follow you to the grave and will be taken out of your probate after your gone. The Biden loan forgiveness stipulates that borrowers must have made at least 10 years' worth of payments to qualify, and I'm hoping she does.