As resumption of educational debt repayment looms, more than 7 in 10 borrowers say they are taking on extra work, while half say they don't know whether they'll be able to make payments come October.
You have to try to make under 32,800. That’s not very helpful to a lot of college grads lol.
Edit: why am I getting downvoted? If you have a degree and are only making 32,800 or less, then you need to reevaluate your whole life. Hell, I made more than that coming out of high school. My gf is still finishing her degree and she makes 85. You people are fucking yourselves. Find a new job.
You’re assuming everyone with college loans has a degree which is not always true. Plenty of people take out loans intending to get a degree and don’t make it all the way. Those loans don’t just go away. Now they are paying towards a loan while having none of the benefits from having a degree.
It’s pretty easy to understand why many people with student loans might be making less than ~$30k a year if you think about it a little bit.
Anyone signing up for the new SAVE income driven repayment plan?
Apparently if you’re making anything under $32,800, your payments can still be paused. (The number is higher if you have kids to feed)
I’m glad to hear that’s in place. It’s almost literally the least we could do. It’s wild that we needed a law for that.
I would be surprised if there’s many people in the US earning under $32.8k and successfully making every loan payment, anyway.
Seems like the program just acknowledges what ought to happen anyway.
You have to try to make under 32,800. That’s not very helpful to a lot of college grads lol.
Edit: why am I getting downvoted? If you have a degree and are only making 32,800 or less, then you need to reevaluate your whole life. Hell, I made more than that coming out of high school. My gf is still finishing her degree and she makes 85. You people are fucking yourselves. Find a new job.
You’re assuming everyone with college loans has a degree which is not always true. Plenty of people take out loans intending to get a degree and don’t make it all the way. Those loans don’t just go away. Now they are paying towards a loan while having none of the benefits from having a degree.
It’s pretty easy to understand why many people with student loans might be making less than ~$30k a year if you think about it a little bit.
Only the ones with philosophy degrees