if i got a loan for say 50k, the interest accrues on the 50k while in school at 7 percent. so im already in the hole for maybe 15k at graduation on the first 50k. so basically im spending 15k for a shot at a 50k free ride, minus whatever after tax return i get on the 50k lying around. so I need about 3-1 odds on it to break even.
I just cannot believe there’s a real chance this passes in any way that would actually benefit me.
id say odds are worse than 3 to 1 ill get debt forgiveness, more like 20-1, so looks like a pass.
if i could get the subsidized loan w zero interest then id do it.
I still have a very very small loan balance after taking out my first law school loan 27 years ago. my loans are so old I could’ve declared bankruptcy on them back in the old days…
we did pay off my wife’s balance with a big check 5 years ago or so. but who could’ve really predicted this?
its such obviously palpable bullshit, but then again, pretty much everything is bullshit nowadays. so, whatever.
