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[–] 10 points 3 years ago* (4 children)

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)

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  • [–] 13 points 3 years ago*

    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.

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  • [+] 5 points 3 years ago* (last edited 3 years ago) (2 children)
  • [–] 2 points 3 years ago*

    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.

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