J. Hova
Don Corleone
Emotionally exhausted and morally bankrupt
Posts: 1,986
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Post by J. Hova on Feb 9, 2021 23:59:27 GMT -5
Ease up on the pitchfork and torches. It should have been worded better, but dude isn't completely wrong. I was very fortunate that I got out of college with a B.S. with roughly 20k in debt. I paid that off a couple of years ago with minimal difficulty since my company has always paid me a fair salary. I know there are a lot of people who haven't had that experience. Higher education in this country is a huge racket. All I was ever told all through school was you had to go to college and be successful. There are an awful lot of plumbers, pipefitters, chefs, electricians, carpenters, and general contractors who make great livings. My one grievance is there needs to be some personal responsibility with people who spend 80k on a philosophy degree to find out that all the big philosophy companies aren't hiring. I hold no ill will towards anyone who might get their debt or part of their debt forgiven, but I'd like to see some benefit to those of us who played the game by the rules and held up our end. I don't know what that is, a tax credit or something? I'd also like to see some sort of public service requirement for those getting the debt forgiven. You don't have to join the Peace Corps or anything but maybe get x dollars forgiven for x hours of charity work or dollars donated. The fact that the PSLF only kicks in after at least 10 years of service is the x dollars forgiven for x hours of work. Not charity work, but work that has been deemed a public service. If anything the current system is too rigid with this requirement. For example, last year as a healthcare worker I averaged over 93 hours per week for the year during Covid. That’s twice as many hours as an average 40 hour work week. Does it count as two years towards my PSLF? You bet your ass it DOES NOT. Likewise, depending on the circumstances if you find yourself in a tough spot and can’t pay your reduced payment for a month then that time also cannot be applied toward your PSLF. That’s what makes the recent forbearance so great. Regardless of your circumstances this time counts toward the proposed forgiveness and interest isn’t being piled on. I didn't realize that overtime didn't count. That beyond sucks, especially with the times we live in.
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Dr. T is an alien
Patti Mayonnaise
Knows when to hold them, knows when to fold them
I've been found out!
Posts: 31,353
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Post by Dr. T is an alien on Feb 10, 2021 1:15:18 GMT -5
Ease up on the pitchfork and torches. It should have been worded better, but dude isn't completely wrong. I was very fortunate that I got out of college with a B.S. with roughly 20k in debt. I paid that off a couple of years ago with minimal difficulty since my company has always paid me a fair salary. I know there are a lot of people who haven't had that experience. Higher education in this country is a huge racket. All I was ever told all through school was you had to go to college and be successful. There are an awful lot of plumbers, pipefitters, chefs, electricians, carpenters, and general contractors who make great livings. My one grievance is there needs to be some personal responsibility with people who spend 80k on a philosophy degree to find out that all the big philosophy companies aren't hiring. I hold no ill will towards anyone who might get their debt or part of their debt forgiven, but I'd like to see some benefit to those of us who played the game by the rules and held up our end. I don't know what that is, a tax credit or something? I'd also like to see some sort of public service requirement for those getting the debt forgiven. You don't have to join the Peace Corps or anything but maybe get x dollars forgiven for x hours of charity work or dollars donated. The fact that the PSLF only kicks in after at least 10 years of service is the x dollars forgiven for x hours of work. Not charity work, but work that has been deemed a public service. If anything the current system is too rigid with this requirement. For example, last year as a healthcare worker I averaged over 93 hours per week for the year during Covid. That’s twice as many hours as an average 40 hour work week. Does it count as two years towards my PSLF? You bet your ass it DOES NOT. Likewise, depending on the circumstances if you find yourself in a tough spot and can’t pay your reduced payment for a month then that time also cannot be applied toward your PSLF. That’s what makes the recent forbearance so great. Regardless of your circumstances this time counts toward the proposed forgiveness and interest isn’t being piled on. Not to mention the fact that somehow most people find out the hard f***ing way that their loans usually don’t qualify for the program anyways. I thought I’d find out just how much time I had left in the program and found out only 3 of my payments counted towards the program. Kinda hard to gaf when they drop that shit on you.
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