#studentloans #
Yahoo Finance’s Seana Smith reports on the student loan payments being frozen until February 2022.
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Biden … probably had no say in the decision.
Let’s take a wild guess at who makes the real decisions.
Would make more sense if he would just forgive all student loans!
Nnnooooo,this is realllyyyy reeaally and would be unfair………Those people who have studied are the ones who kill or help those powerful or rich people to kill this world….So they are actually the ones to blame……enforcing enhancing the injustice in this world….Even Michelle and Barack have to pay for their loans…..They achieve this with to their side jobs…….earning an extra income…….with their normal 40h week work
Dios le bendiga
Salmos 347
😁
Debt nation
January 22nd 2022, all debtors will died?
This one of the main things to do to address the student loan issue. Limit interest to 1-2%. Made huge headway into ours by having no interest being added.
Students don’t realize what a gift the pause really is. All loans are based on the rule of 78’s, where early payments are mostly interest and very little principal is paid down. Only the latter payments on a loan go mostly to principal. On long term loans, their payments for the first several years are mostly interest and don’t significantly pay down any principal. Since there is a pause of interest on the loans right now, the students that are making payments, are having 100% of their payments going to pay off principal. That is the gift. Their principal is rapidly reducing if they continue making payments during the interest pause. But since students are stupid, they are not making the payments and loose out on the opportunity to greatly reduce principal.