Biden delays student loans repayments until May 1!!!!

[Rekkapryde]

Paid my shyt off in 2019

 

[UpAndComing]

How? Federal loans have fixed rates

Oh got them mixed up with Private Loans

 

[DetroitEWarren]

Does this affect your credit score at all? Like, while it's suspended, will defaulted loans still have a negative effect?

 

[Atlrocafella]

They had no other choice but to do the extension based on the fact that even they have no clue what those student loan companies who are cancelling their student loan contracts are going to do. They had no actual plan for that exact reason and you can easily tell because they kept using the phrase "weeks and months" to roll out their plan when the time just wasn't there to do so.

They're still fukked at midterms though if they don't come up on that $10K of student loan forgiveness.

He really needs to eliminate that $10K for everyone. I know he’s hoping everyone will forget, but we won’t.

 

[eXodus]

I live in Missouri. My house is being built outside St. Louis but I’m still in the metro area. I qualify for income because I’m poor unlike y’all but my purchase price is higher than the median purchase price for the metro area.I looked this up when it first came out and it was looking like I wasn’t going to qualify when I did the math. If it is based on the purchase price off of the city I move to I will qualify, if it’s the metro I won’t. I don’t close until spring so I completely forgot about the tax credit. Would be nice if they passed it wether I get it or not.

ahhh fukk! Yea, looking at the language it says

• Must buy a home at or below 110% of your area’s median purchase price
  
  that’s kinda fukked up, it should be a higher percentage than 110% that’s gonna cut a lot of ppl out.

 

[eXodus]

Does this affect your credit score at all? Like, while it's suspended, will defaulted loans still have a negative effect?

Naw it’s essentially like having a deferment .. so a temporarily postponement with no interest accrued for that time period. If you don’t pay during this time period you are still in good standing with the loan as if you made the payment on time.

 

[CrimsonTider]

Breh I know the interest on law school loans must hurt. shyt was probably 20 dollars a day in normal times

Most law firms pay off loans for associates

that nikka is professional Coli poste, he’s no lawyer

 

[Serious]

Underrated post

 

[beenz]

Paid my shyt off in 2017

same here back in 2010.

my question is if the gov't forgives student loans, shouldn't that mean that people who paid their loans off should get a rebate check?

 

[beenz]

This nikka better erase 10k and give first time home buyers $15,000, retroactive to Jan 2021

If he did that, Democrats would have my vote for life

does that mean they should cut me a 15K check since I came out of pocket for a house down payment?

also, where is all this new subsidy money gonna come from when we are already getting killed by inflation due to pumping so much fictitious money into the economy the last two years.

 

[SAINT]

Stop delaying, hoe. just cancel it

 

[Saysumthinfunnymike]

And a bigger delay means a bigger interest rate

Not really

 

[Saysumthinfunnymike]

What would the GOP have done?

 

[big bun]

same here back in 2010.

my question is if the gov't forgives student loans, shouldn't that mean that people who paid their loans off should get a rebate check?

 

[Guile]

I'm gonna start paying anyway...while no interest accrues...they gonna have to extend this for years btw.

also, there is no way they trying to go into the primaries with angry voters having to pay student loans

just cancel that shyt all together....