Thwarted by the conservative-leaning court, Biden told reporters that his administration would pursue student loan relief through a different avenue, the Higher Education Act.
Predatory lenders? Biden’s plan largely targeted federal loans. That shit was pretty regulated and had very low interest rates. A pay day loan it was not.
Well, consider that we also live in a world where American school districts, in major metro areas, are literally opening up low income housing dorms for teachers, so teachers can afford to subsist on a teacher’s salary.
Low interest doesn’t mean much when you can’t even pay your rent with a job that requires a college education.
You can use the loan to get a bs degree. If you’re in 100k in debt for a degree that gets you 55k a year job you fucked up. The lenders would normally factor that in but if it’s backed by the government then free money.
Predatory lenders? Biden’s plan largely targeted federal loans. That shit was pretty regulated and had very low interest rates. A pay day loan it was not.
Very low interest rates, yet nobody can pay them off.
Well, consider that we also live in a world where American school districts, in major metro areas, are literally opening up low income housing dorms for teachers, so teachers can afford to subsist on a teacher’s salary.
Low interest doesn’t mean much when you can’t even pay your rent with a job that requires a college education.
Honestly, teachers are a bad comparison when it comes to the student loans debate.
A lot of districts/states/townships have programs that forgive loans for teachers after a predetermined amount of time serving a public school.
You can use the loan to get a bs degree. If you’re in 100k in debt for a degree that gets you 55k a year job you fucked up. The lenders would normally factor that in but if it’s backed by the government then free money.
True. You can get a loan to get a bachelors of science