Starting next month, borrowers enrolled in SAVE who took out less than $12,000 in loans and have been in repayment for 10 years will get their remaining student debt cancelled immediately.
Starting next month, borrowers enrolled in SAVE who took out less than $12,000 in loans and have been in repayment for 10 years will get their remaining student debt cancelled immediately.
Why tf did you take out a 60k loan on a career that won’t be able to pay it back? I paid cash for college by going to a cheap community college part-time while working full-time and now I’m making 6 figures with no debt. It’s not rocket science.
Rocket science is a pretty high bar for kids just out of high school. There’s a lot of space underneath to fit into.
They never said it wouldn’t pay it back. But 60k is a lot, and it’s going to take many years. We don’t know their financial situation, and it may have changed recently. The job market for some people is pretty volatile right now. If they are a software developer right out of college, now is a terrible time. They would be fighting for jobs alongside laid off veterans who will work for less than usual. They’re fucked.
Someone gave me double that amount when I was 17 because I had a co-signer (my death-bed grandmother). That’s really the problem. Education costs too much and I was told, “if you don’t go to college, you won’t get a good job, and you’ll be poor all your life,” by every teacher, guidance counselor, TV show, and random person on the street. I wasn’t old enough to make decisions like that.