Why You Should Not Wait For Student Loan Forgiveness!
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- เผยแพร่เมื่อ 31 ม.ค. 2023
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Nobody ever brings up the idea of holding the universities accountable for the insane price increases they have implemented over the years.
Yup, they hustled people.
If people keep paying for it why would they lower their prices? Don’t say because college is a necessity, because it isn’t.
The insane price increases are a direct result of the student loan programs.
It would result in getting rid of the loan program which no way that’s happening considering the trillions they make from it
They make bank off loan money, so why not raise prices.
I paid all my student loans in 2021, $90k and that was best decision ever! Thanks Dave
But there are no payments due. Did you settle all other debt?
Good job I did the same
Good for you. I am almost done, too.
@@fatimamanneh9432 We need more responsible people like u, and I'm serious about that.
LOL, no you lost 90 k. Very human to tell yourself something like this.
Calling out predatory players in the student loan interest needs to be applied to universities and colleges. Their financial aid offices push loans left and right.
I've been saying this for decades now.
That’s true, but I mean it is not entirely their fault.
As a business (yes universities are businesses) if you know your customer have unlimited money supply, by that I mean student loan or grants what would you do ?
Anyway some of that money given by rich students (student who did not get in the Financial aid thresholds) go into the betterment of the school, as well as the tuition and fees for poorer students.
I’m one of those poor students receiving grants thanks to my poor statut and good grades. I also try my best to find money here and there by working.
I tried to think about a solution and never came up with one that could actually make the situation better for students. As an individual you should just be careful and not rush through college. Find alternatives that would make your college experience cheaper and if possible without taking any loans. Do not listen to most students saying « you should take loans bro.. » they are dumb just like you are. Sometimes loans are great, but you have to be sure on what you want to do as a career and if the job you re aiming for will give you a good return on investment.
There is no harm in waiting another 4-6 months to see how the result of the supreme court case comes out.
common sense
Right!💯
Exactly! Interest isn’t accruing.
@@khytti And you can make interest off of the money during the pauses.
There’s no harm in just waiting. What’s the rush in paying back that predatory loan? They aren’t even accruing interest right now. Just keep the money in a high yield savings account, make a few hundred dollars off of it, and if student loan forgiveness is officially rejected, pay it then.
No such thing as a high yield savings account
@@insideoutsideupsidedown2218 It's not super high yield, but I'm taking this approach and making about $200 a month on mine.
@@wordsalad01 that’s what makes it predatory. Teaching/telling people who don’t know any better that it’s a good thing to do and everyone does it
Dave has been a political hack on this issue since day one. Dave never says a peep about corporate handouts though.
Predatory? You agreed to the loan.
Dave did sign a loan with the bank to pay them back. But filed bankruptcy for not paying it back.
But this have no effect on him. So he will just dismiss it.
I couldnt agree more, his "ethical" argument is the most hypocritical take I've heard since I've been following him 3+ years. He should keep to a simple "it shouldnt fall on the tax payers" take.
No one put a gun to your head and forced you to go six figures into debt for a left-handed philosophy degree.
Yup
Obviously, you don't know Daves bankruptcy story if you say he didn't pay it back.....go watch some of his videos on it, and then come back and delete your comment.
Always research before you comment.
@@danh920 Yes, I like Dave's passion and desire to help people take control of their lives. However, there's tons and tons of policy that fall on tax payers who never receive benefits from those policies.
Love that no one seems to have an ethical issue when we bail out corporations, but God forbid we help our own people right.
2 wrongs don't make a right. We shouldn't be bailing out anyone
Sooo after Dave filed for bankruptcy in the 80s and then got rich again, did he go back and pay the lenders what he actually owed?
It seems that if morally he feels obligated to pay what he borrowed,. He would’ve done that, but I legit don’t know the answer. Does anyone know?
Yes he did, actually...
@@amireallythatgrumpy6508 is there any proof (other than his word?)
@@gimmemoney98 No, just like there's no proof (other than his word) that he filed bankruptcy....
@@amireallythatgrumpy6508 you are wrong. There is a legal record of his filing for bankruptcy
@@gimmemoney98 Go find it then Einstein. Oh wait you can't because if it exists it's not available. Nobody has publically released it a record that may or may not exist. If Dave hadn't said he filed for bankruptcy nobody would ever know. Dave is the original source of any discussion of his bankruptcy. How do you know he's telling the truth about even filing bankruptcy then? If you think he's lying about paying it back then you must think he's lying about even filing bankruptcy if you have any interest in being logically consistent.
This is crazy. Just wait a few months before you throw away $20k. If the payment pause ends, and you didn't get the $20k relief, then pay, but there is no reason to pay now…
They were talking about this when Obama was in office. The wife and I paid ours off in 2013 and never looked back. Feels weird that was 10 years ago now.
Welcome back Dave. We missed you.
FACTS
People will be waiting for this forever
Just like socialized medicine.
Making payments on the loans need to be restarted. It's been long enough.
Yep. Not going to happen
@@redfox_84 Not until a final decision is made my friend.
@@redfox_84 cry more
Glad to have Dave back, but this was a really bad take. There is no reason to pay it at the moment as there is zero interest while it goes through the courts. I get that he took out the loans for his education and should pay it back, but us tax payers also bailed out large corporations and even small businesses through the PPP "loan" (which is actually a grant). So if our tax money went towards helping young people get a head start on their financial future, I am all for it.
Feel free to move back to Europe.
I get your point. However, I would not have taken a PPP loan/grant had the gov't not forced me to shut down my business.
Almost 3yrs of no interest.
Any smart person would’ve taken advantage of this golden opportunity
And paid it off completely or the vast majority of it.
Mind boggling stupid to wait
@@semosancus5506 Anywhere specific?
@@PInk77W1 It's not mind boggling when you aren't saving anything by paying it off now instead of June. You are actually losing money that you could earn by keeping it in savings until then, regardless if the debt is forgiven.
Dave is honestly just saying to pay it off to stay consistent with what he's been teaching all these years. The smart thing to do is to actually wait to see what happens, especially since there's 0% interest. If he were to say "wait for it", he'd be contradicting everything he's preached, and his fan base would lose faith in him.
exactly, thank you for pointing this out.
Yeah, I'm starting to think the forgiveness won't happen, but I'll still hold out selfish hope until the decision comes down.
Dave was a benefactor of having his debts forgiven after failing as a slumlord in the 80s and had to declare bankruptcy. His whole schtick is hypocritical.
His sole argument is ethical in nature: you made a promise to pay it back, so do so. To your point, even if you follow that line of thinking, why pay it back sooner than you have to? Also, a loan is not a promise (unless you literally made said promise). It's simply an agreement to borrow money and pay it back at a certain interest rate. If someone dissolves the responsibility of repaying the loan, how is that our problem again? It's not like we stated, "Hey, I'm tired of paying you back. See ya!"
I get what Dave is trying to say, but it doesn't quite stick.
Exactly. I have all would-be student loan payments in my high-yield savings account, gaining interest. Why on earth would I do anything different at this point? Makes no sense.
I took up truck driving and paid off my student loans during the pandemic. Best thing I could've done.
Congratulations. 😀
36k is student loan debt. Pay off 26k and if you have the extra 10k, put it in savings and the moment the forgiveness gets blocked for good, pay off the debt. If it does happen, then you saved yourself 10k. It's really not that hard.
🙄
Yep
Teachers are also drowning in student loan debt…lol
I find it hilarious how Dave Ramsey and co act like these people who are getting relief are not everyday Americans (teachers, doctors, engineer, scientist) that don’t pay taxes.
Put it in a high yield saving. And just pay it back when the interest kicks back in.
This is the right answer. But Ramsey's whole philosophy (which is probably right, to be honest) is that the people who call into this show don't have the self-discipline for that approach. The moment their savings account tops a thousand dollars, it's time for a new TV.
No such thing as high yield savings.
@@insideoutsideupsidedown2218 yes there is.
@@trent797 Some people that calls, do have self discipline.
@Trent - I guess that $1000 you’re talking about is NOT considered
the starter emergency fund, savings accumulated by folks NOT following Dave’s plan. I was so happy to see my savings become the starter emergency fund. Wouldn’t dream of squandering it on a tv. Well, actually, I have thought about that, but I imagined buying the tv, then having an emergency come up and feeling stupid for having bought a tv.
Here is my take on this. A ton of my tax $$ went to pay for things I didn’t agree with. I want some of it back.
How about YOU borrowed the money, YOU pay it back?? Nobody forced YOU to sign something YOU didn't understand...Personal accountability is really lacking in some...Although I can agree, the whole system needs an overhaul with lower interest and lower tuition.
Wait. He sold a home to buy in a cheaper area and didn’t put 100% of the equity into his new home? Ouch. Big mistake. You didn’t come into money, you stole money from your own home and created future debt and interest on debt already paid in the past.
Pretty dumb.
Teachers making Pennie’s. teachers in Las Vegas Nevada make 90k+ with full benefits.
I've got $9850 remaining. I've had it sitting in i-bonds for the past year. I am not worried about blowing it on partying. I'm going to wait patiently for the Supreme court to make a decision and will happily pay it when they strike it down before my lendor can collect a single penny of interest from me. Or keep it if supreme court approves it. Either way I won with that zero% interest forbearance!
Me. High school drop out.
Paid for my daughters college and masters degree. Now she has no student loan debt. Life is good
What did you do for work
You borrowed money = You pay it back.
A formula that has made sense since the beginning of time until now 🤡
How will Ukraine pay back American tax dollars? Is that fair for Americans who's money being wasting on world policing?
Yeah except when it’s the US that’s trillions in debt 🤡
It really is a shame. Tell me how knowledgeable about finances you were at 18. People are told you spend all this money for college and will make more after college and be able to pay it off. Those loan places take advantage of young adults.
So explain Dave declaring bankruptcy to avoid paying back millions of dollars years ago if just now it's a bad thing low income people who try to better themselves actually see some relief? 🤡
@@littlebob1261 he dont want to talk about that
I would personally park the money in a high yield savings account and earn some interest income until all of this is sorted. I don't think it will be forgiven, but right now it's an interest free loan with a payment pause. If it's determined to be unlawful by the SCOTUS, then send in the payment before interest and payment restarts.
That is good financial advise of which Dave should of stated. Dave answered based on feelings and not financially. No one should be paying their loans until this sorts out and payments start up again. Keep putting your monthly payment in a savings account. If it passes the Supreme Court, the relief will be legal and no different than those tax deductions Dave takes. I lost a little of respect for Dave watching this video. It was not good financial advise.
I bought investments that make way more returns and I am really close to the break even point, so when we restart payments I should be able to afford it while still growing. With inflation the way it’s been, you loose money on a savings account.
Make a separate savings account for yourself and pay your loans into that while payments are on hold. If student loan forgiveness is rejected, then you put all that money to pay off your loan. If it loan forgiveness passes, keep it all that money for yourself.
And don't listen to that guilt tripping nonsense about waitresses and plumbers paying for your education. If you think any millionaire turns down a tax break to be fair to waitresses and plumbers, you are greatly mistaken.
You get a tax break everytime you file. It is called standard deduction. Don't be a jabroni.
Jade is pushing her luck with dave🤣
Boy Dave just hates the fact that some poor American kid might get a little break on their student loan! I'm sure he's paying the same percentage in taxes as the rest of us!
Right on the rich love how the rich get richer and the poor gets no breaks . Then he says he gets alot of breaks on his taxes by law, well that’s bullcrap too the tax code is written for the rich , plus he did file bankruptcy at one time . Plus he did not say a words about how the PPP LOAN borrowers should have to pay that back when it was forgiven and all the cooperate bailouts etc we can go on and on about many breaks people got off of tax dollars
Love seeing Dave’s face on the thumbnail !
I paid off my student loans 18-ish months ago but if I knew what I knew now I'd have invested that money while it is at zero interest and pull the money to pay it off the moment the interest rate went back up. I still feel like paying it off was a good though.
You can still take it out of the cave. I did mine. I have my balance back, I just need my $10k in the bank.
You can get your payments back if you made any from March 2020 till now.
Look at their faces after he mentions the word “qualify” 💀
Tax payers also paid for PPP loan forgiveness.
I don’t see the point in rushing to make that decision right this very moment. The payment pause is interest free and there’s really no harm in waiting until the decision is finalized to make that final lump sum payment.
Only fear I could think of is if you don’t trust yourself to take that lump sum and not touch it.
I’m with Dave on a lot of stuff but I’ll be waiting for loan forgiveness it’s obvious you wait until you can’t.
It ain't coming and I am glad.
so, when is the cutoff to that?
Dumb
Thanks for the tax burden…if and when it ever happens
By the time you "can't " it's too late! Duh!
Take a shot for every caller asking this 🥴
It's called be responsible. If you borrow money, pay back. This is commonsense. Just like you borrow money to buy a car or home. You have to pay back to the loan company, otherwise they will come take the car or home back.
There's a tax benefit for interest that someone else paid into. You cold Be responsible and file single and don't claim anything.
If you are creating any type of debts and you're expecting others to pay for your debts, that's a wrong mindset. There's something wrong with your grow up process.
If you overspend on those things you can declare yourself bankrupt so the loan goes away but student loans are forever and the banks know that so it allows for predatory loans. Also, I went to school to be a doctor not buy a fancy car for kicks. The school’s are the only way to become a doctor. Imagine that to get your truck driving license you would have to become indebted for a ridiculous amount and it didn’t matter if your business failed, you still carry the loan. We have a shortage of doctors in part for that reason. I stopped training doctors because it doesn’t pay well even though it is a harder job with more hour requirements. I understand what you are saying and I invest in real estate but I work less as a doctor because my other work pays better. BTW there is a 7 month wait for new patients and people are literally dying to see a doctor but I am tired of sacrificing myself and my family so I am making money for myself instead. Good luck getting that DOT physical without a doctor. Many of us doctors are leaving the field for the ability to get out of debt. I do understand the BS degrees should not be paid but they should be able to default so the banks quit making bad loans.
Amen, Dave!
Thank you! ❤
I have about 9k remaining, so yeah I’m gonna wait and see what happens lol. If it gets turned down then I’ll pay out the rest outright
Same here
Amazing advice Dave..... Just have all your listeners who are struggling financially to just burn 20K while there is no interest. Just wait and see what happens!!!! If you are really insistent, put all of that money in a savings and when interest payments restart, just immediately pay all that off if they do not go ahead.
Letting other people unwillingly pay your debts is detrimental to quality of character. You have one life, who do you want to be?
I have a better idea. Don't taken out loans that you promise to pay back and then dont.
@@insideoutsideupsidedown2218 regardless of your political opinions and ethics...if you are struggling financially PLEASE just wait before making any drastic decisions
@@andyyoung6246 Maybe true but if really are getting buried in student loans just wait until a final decisions comes out. There is no need to start repayments now that there is still a interest pause. If you are really having trouble in repayment PLEASE just wait before making a hasty emotional decision.
@andyyoung6246 I'll encourage you to read that again. The OP is suggesting the caller WAITS to pay off the loan and takes advantage of the grace period, where no interest is applied, to accrue interest for themselves by leaving the funds in a HYSA. Stop foaming at the mouth at the idea of picking an argument over your rehearsed talking points and pay attention.
Honestly I don't see any difference between taking advantage of a tax break and taking advantage of a handout, as long you recognize that aren't entitled to it and are willing to pay up if the policy changes.
I'm sorry, but teachers DON'T "make pennies" lady. They also get the MOST time off of ANY profession...so there's that.
Except very few actually get more than a month off a year... so there's that. And it's a fact that good teachers in the USA don't get paid what they're worth. That's why all the good teachers have found a new career that pays better, leaving only the bad ones behind.
Admins get paid A LOT more. You want to be a school admin, not a teacher.
How does this apply now with Biden’s SAVE plan? I’m considering either 1) to live frugally for 3-5 years to pay 90k 2) to live normally and pay 15,000 over the life of the loan until it is forgiven in 20 years
Nice how his “ethics” go out the window when it’s tax break time when he can afford to hire a nice accountant to shimmy around tax codes when others can’t…good ethical warrior right here
mine are getting discharged through the barrowers defense act. 38k gone.
Your welcome
@@insideoutsideupsidedown2218 You're*
I need my alarm to be Dave yelling “they’re broke!!!”
Dave is more interested in scoring points with some of his listeners than providing the caller with the best advice for his specific economic situation. Fact is, he's better off waiting on SCOTUS' decision.
More student loans will increase tuition costs.
Tuition hasn't gone up at Arizona state in 10 years. Loans replaced state tax subsidies
Tell me why any college students thinks it's all non going college debt? I didn't agree to pay for your college? Great, anything we pay for your college, taxpayers get it all back including interest. Cram it down our throat? Free isn't free, it's all free till you run out of others people money. Neal
I am astonished at how often Dave has to say, "Pay your own debt! Don't expect someone else to pay it!". Are these people not listening?
My wife borrowed nearly $100k to pay for her MA and PhD. We're paying it off as fast as we can. I expect every other borrower to do the same.
100k in debt??! Wow no wonder your hair fell out
@@joesabah6199 😂
This is nonsense. Put that money in a HYSA until loan forgiveness happens or loan forbearance ends.
I thought the whole point of higher education was the ability to earn substantially more than those who didn't go to college?
Paying off your student loans should be easier with that high paying job...
Meanwhile, I'm just a non-educated truck driver earning six figures. No hr department to worry about. No middle management supervisor riding me. Debt free and close to a 1m net worth.
Personally I'd hold out on paying that off, wait to see what happens, and if it falls through then pay it off. If it does go through then you can use that money for something else
Exactly!
Someone i know just got their $180k dollar student loan forgiven. Yes i saw and read the letter showing loans with a $0 dollar balance 🙄
Pretty simple if you borrow money pay it back
A lot of people, unfortunately, don't have the intelligence to figure that out.
Amen to that!
I was in the bank one day and I overheard a young opening a check account I heard her ask the clerk I have to put money in first to use this account right
I paid off my student loans years ago, but I would have liked the govt. to pay off my loans.
Govt? Taxpayers.
@@PhilipMarcYT Do you think it is OK for trillions of dollars to go towards big business but nothing for average people? All the govt is doing is forgiving the loan, like if your bank forgave a loan you had. No money is lost.
There is no interest accruing at the moment, I am going to hold out and collect interest in my high-yield savings account. I have the money to pay back the loan if it's not approved.
Life isn't fair. If he can get the loans forgiven, let them be forgiven. Put money away and if it's not forgiven, pay it off. 20k is not a little chunk of change. Have to disagree with that 2nd point.
Just wait till the court say yes or no. Tbh
Respectfully, Dave did file bankruptcy...sooo ummm
Which he payed back later, soooo ummm....
Loan forgiveness is not equivalent to bankruptcy, soooo ummmm
@@amireallythatgrumpy6508 paid back to who? Show us proof of this.
@@MT-yx5cu Of course if you wanted to be logically consistent you'd also be asking for proof that he filed bankruptcy... sooo ummm
@@amireallythatgrumpy6508 it's not that deep sir 😄. I was just simple calling out hypocrisy. Please find someone else's comment to troll 🙂
@@MT-yx5cu And I'm calling out YOUR hypocrisy. Other people aren't allowed to be a hypocrite but you are?
You are a hypocrite. A hypocrisy hypocrite.
Hey Dave I wanted to get your opinion on this even though I'm going to do my own thing anyway.
Seeking advice doesn't mean a person is required to take that advice. There's nothing wrong with getting a different perspective to assist in making a decision.
@Me Esc It didn't sound like he was looking for assistance in making a decision, though. It seemed like he's pretty much already made up his mind.
Dave does end some calls with “You can do what you want to do, but you called for my advice.”
that caller just said aloud what these kind of people think!"well if im paying higher taxes i should get the benefit"REALLY?WOW!gives NO thought about other people,NONE!this is our society...no accountability
Ramsey, you owed the debt collectors money back when you filed bankruptcy to start your life a new again. You borrowed the money and the ethical thing to do was to pay the money back. Now companies lost money and consumers paid for your bankruptcy. You took out loans that you promised to pay back, and you didn’t. 😮
"ethical thing to do was to pay the money back", which he did in the 2000s....
@@amireallythatgrumpy6508 he says I don’t believe it
@@Splenda2021 And you believe he even filed bankruptcy? No logical consistency.
True story. Who paid for his bankruptcy.
@@traviseerickson7890 You actually believe his bankruptcy story? Gullible much?
I as a tax payer would much rather see my tax dollars go student debt relief than all these bailouts the corporations keep getting.
They are one in the same. All born out of greed. Meanwhile billions are being siphoned into the money laundering capital of the world, Ukraine, and hundreds of millions to people from other countries coming to America
Im just gonna wait because I'm gonna pay off these ccs first. Then ill be cc debt free and just have 8k for student loans in the end
My colleague, a teacher, just had 38k forgiven. She applied June 2022. She had not borrowed 38k, was less than 15k.
I chuckle whenever I hear "I hope my Student Loan will be forgiven" like, dude, you agreed to the loan so it's your responsibility to pay it!
Do I expect someone to pay for my food or gas? No.
Lenders are allowed to forgive debt. Dave Ramsey went through bankruptcy. What are the odds he has paid them all the money he owned on his debts?
Or does his think because the legal system said he doesn't owe it, he doesn't owe it.
The US taxpayers subsidies the meat and dairy industry by about $40b a year. If it wasn't for that, a pound of ground beef would be $30 and a gallon of milk $12. Those calculations were done prior to the current inflationary period so it would be even higher now. The US taxpayers also subsidies gas. So while you don't expect others to pay, they are in fact paying for your food and gas.
If the debt holder forgives the debt the borrower is released from an obligation to repay. Kind of like you lent $20 to a friend and before they could pay you back you told them they could keep the money.
Amen!
Many of those professions that earn "pennies" aren't paying much of anything in federal taxes, right? Half the country effectively pays no income tax, isn't that the statistic?
This is why we need to make college and education free.
No. This is why that's the dumbest idea ever .
Can you make a show about collecting all the stimulus checks back ? And also holding the goverment accountable for printing out money and helping out the bankers and the rich people also??
Ok Dave, do this for PPP loans as well
Don’t hold your breath he don’t reply
One of the best segments on this subject. Dave was clear, simple and explained from every angle.
Im currently on an IDR and they will be paid eventually.
At worse save the money set it aside set a date then just pay it before you have to pay any interest
Sometimes people want to justify doing nothing to get nothing.
Pay the loan you signed for and grow your life.
Don't, either and do nothing ,learn life's lessons and grow your behavioral well being . Pay your agreed obligations and learn to stay away from the sharks..
Having a debt forgiven doesn’t mean you can’t learn a lesson. And this is student loans not consumer debt. I doubt the guy will be enrolling as an undergraduate ever again.
Freedom is being clean and clear. No money owed to anyone is total clarity in the ways of life. Dont get cought up in terms,just learn from the harm/ risk and when debit free clarity has been achieved..
Not the government’s fault. It is still up to the individual to not sign the darn paper
Dave cut him off the moment the caller insisted siding with the debt relief program.
Good. They are a buncha leeches.
He probably paid back the portion he owed already. It’s not ethical to Pay back someone who is preying on u.
It’s absolutely stupid for the responsible people . Who sacrificed and paid back the loans people act like they didn’t know what they signed up for simple .
I don't see why not wait? There is no interest on the loan until the decision is made.
Man when I tell ya it’s good to have Dave back it’s good to have him back frfr
Who cares if Mr. clean is back?
He’s strong and clear. A voice of authority. An actual man.
@@jimmymcgill6778 Based on the comments, everyone except you.
@@Argedis McGill is the same guy that comments on every DR clip multiple times. If this channel was cancelled or something, he'd have to adjust his daily routine.
@@Argedis You may need to reread them.
Ninety nine percent of people do not care.
Santa Claus isn't real Jacob! Don't depend on the govt to fix your mistakes. Take responsibility for your actions and it will be a great life lesson.
SCOTUS will be hearing the case in February, and will likely release their decision a few months later.
I understand the moral aspect of paying off the loan you took out, but if you don’t care about that and want to potentially benefit… just keep making your payments and wait for the SCOTUS decision. If they say it’s a no-go, then pay it off. Otherwise this is pretty much the “final step” - whether or not this is going to happen is going to be known very soon.
Or, more likely, everyone will have to wait until 2025 or 2026 for a decision.
Get rid of student loans or have fixed rates and a fixed repayment schedule.
What about waiting for 17/5 as a teacher?
What does 17/5 mean?
If a debt holder wants to forgive a debt that’s their right. If I lend you $20 and tell you you can keep it what’s the big deal? I’d put the money in a high yield savings account and pay the balance IF the bill comes due.
>If a debt holder wants to forgive a debt that’s their right
Lord knows what that has to do with anything here.
If you want to just put the money aside, wait til it gets hashed out, and go from there. If it’s denied, pay it off, and you’re done. If it’s not denied, let the govt pay it off, and then you get to keep the money. If morals aren’t a question, that is.
Student loan forgiveness can be a tempting option for those struggling with student debt, but it's important to consider all available options and weigh the potential consequences. Seeking advice from a financial expert may be helpful in making an informed decision.
If it passes, take it, otherwise you pay twice 🤫. The game is getting ahead and staying out of debt
The "game" should not include using taxpayer money to pay off your personal obligations...
Heres a relief ,pay it off , our tax dollars say no .
U took the loan. Not the taxpayers. You're responsible for it.
don't be selfish, you should help others. We are all Americans.
@@mbank3832 FALSE. Doesn't work that way, and u know it.
Hopefully you didn't claim home interest, dependents or business expenses. Someone else paid for someone else tax breaks.
@@chickencharlie4539 yes it does. but anything that justify your selfishness
Your “Tax Dollars” have a Bigger worry than something as simple as Loan Forgiveness. (Prison Inmates’ Programs/ Education, Welfare/Food Stamps, Ukraine War, Past Wars, Illegal Immigrants)
The eighteen year olds don't take loans out without their parents knowledge. If kids go against their parents counsel, they should consider it an education hard earned. Our kids have made decisions we counseled against, because we made some dumb choices when we were their ages. We and they learn.
Is Dave finally back??
Y E S
Didn't Dave file for bankruptcy?? Aka not pay back loans he took. Typical hypocrite.
He paid them back all right....
Yeah, um, do you know what bankruptcy is, child? Because it isnt taxpayers having your debt unloaded unto us so you can double-down on your BS consumer buying habits.
If I borrowed money from you and never paid it back, you think you would be ok with this?
@@amireallythatgrumpy6508 is there a proof that he paid it back? probably not!
Just cause he says he paid them back does not make it true that these people claim plus Dave don’t mind Cooperate bailouts and ppp loan forgiveness etc
Dave and your thoughts on paying your debt , what about the tax payers picking up the PPP LOAN forgiveness ? And I can go on and on about what my tax dollars has paid that I did not think I should pay like all the bail outs over the years . And to the timing you say over near the midterms, well if the Repubs did not try to stop it this would not be a conversation
I got 7k student loan Ima wait until it’s forgiven. $36 a month in interest . Interest is tax deductible Ima drag it out 😂😂😂😂
>I got 7k student loan Ima wait until it’s forgiven
Man I hope banks and mortgage brokers have records of people like you so they NEVER approve a loan for anything you need.
@@xandercruz900 😂😂 not the circumstances.
Do the right thing. Fulfill your contract and pay your bill. You will rest easy knowing you are a man of your word.
Correct me if im wrong i dont have student loans but if you paid them off and they went through with the forgiveness wouldnt you just be reimbursed if you qualified? If so id rather just pay them off now and get reimbursed later.
No. You have to have them outstanding. I had to go back to my borrower, call them up, you have to still have a balance, and then apply. That is the catch.
@@wewhoareabouttodiesaluteyo9303 ah alright i wasnt sure thank you.