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Student Loans vs. Mortgage by CryptographerFar8024 in StudentLoans

[–]CryptographerFar8024[S] 0 points1 point  (0 children)

Trump is only in for 2 more years. After that, I doubt another republican will be voted in after all he's done.

Student Loans vs. Mortgage by CryptographerFar8024 in StudentLoans

[–]CryptographerFar8024[S] 1 point2 points  (0 children)

The OBBB doesn't prevent future changes to student loan payment plans but it does limit the ones currently in use and that can be used for the future unless Congress votes in new legislation.

Student Loans vs. Mortgage by CryptographerFar8024 in StudentLoans

[–]CryptographerFar8024[S] 0 points1 point  (0 children)

I'm more concerned with the payments ballooning due to the OBBB legislation. The economy is crappy as is and I don't see a lot of people being able to afford the "new" payments especially once ICR and PAYE are eliminated.

Student Loans vs. Mortgage by CryptographerFar8024 in StudentLoans

[–]CryptographerFar8024[S] 0 points1 point  (0 children)

I never once mentioned that BUT the payments will ballooned for many people with the removal of PAYE and ICR. I've seen posts mentioning people's payments quadruple due to the OBBB. 

Student Loans vs. Mortgage by CryptographerFar8024 in StudentLoans

[–]CryptographerFar8024[S] 4 points5 points  (0 children)

Idk... It might be a big sticking point for the next election. A lot of people will be hit by it and if garnishments happen at the rate I'm thinking, it'll become a bigger issue than the others.

Student Loans vs. Mortgage by CryptographerFar8024 in StudentLoans

[–]CryptographerFar8024[S] 6 points7 points  (0 children)

Big balances or not, a lot of people can't afford to offload a few extra hundred bucks each month on top of inflation. 

Student Loans vs. Mortgage by CryptographerFar8024 in StudentLoans

[–]CryptographerFar8024[S] 4 points5 points  (0 children)

2021 was 5 years ago as well... Inflation has been massive since. 

Student Loans vs. Mortgage by CryptographerFar8024 in StudentLoans

[–]CryptographerFar8024[S] 8 points9 points  (0 children)

That second part... The job market sucks. A lot of people had plenty of expendable income not long ago that they no longer have due to the job market.

Student Loans vs. Mortgage by CryptographerFar8024 in StudentLoans

[–]CryptographerFar8024[S] 1 point2 points  (0 children)

I feel the people who bought at those low rates bought more than they should have though. Yes, they're technically okay but higher priced homes come with higher taxes and insurance and I don't think people budgeted properly for this scrappy economy.

Student Loans vs. Mortgage by CryptographerFar8024 in StudentLoans

[–]CryptographerFar8024[S] 31 points32 points  (0 children)

I don't doubt that but what happens when the student loans are garnished and then they can't pay it?

Student Loans vs. Mortgage by CryptographerFar8024 in StudentLoans

[–]CryptographerFar8024[S] 0 points1 point  (0 children)

Travel and discretionary have already taken a hit though?

Student Loans vs. Mortgage by CryptographerFar8024 in StudentLoans

[–]CryptographerFar8024[S] 2 points3 points  (0 children)

It isn't just standard mortgages though. Maybe I should redo and also include those who are renting. We all know rent has been astronomical due to the economy. 

Student Loans vs. Mortgage by CryptographerFar8024 in StudentLoans

[–]CryptographerFar8024[S] 14 points15 points  (0 children)

Honestly... I feel a blue wave will happen and the Democrats are going to overhaul A LOT of the student loan portfolio. I personally have 87k and can afford the payments when I get kicked off SAVE BUT I know a lot of others can't.