go fight them then.
go fight them then.
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rent free
Alumni 🤭
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rent free
yes, the people who love RUZZIA are absolutely fuming that Putin consolidated power.
fucking moron.
honestly how could you be stupid enough to get on plane w/ that guy? this was the single most predictable event of the entire conflict.
that’s the old rule. see my comment.
An increase to 225pct of the federal poverty guideline, which I think should total out to something like $33000 for a single person w/ no dependents (or about the UK level, as I look up exchange rates). So you pay 5 or 10 pct (depending on undergrad or graduate loans) of the difference between your pre-tax income and 33000 (and thus, if you make 33000 or less, you pay nothing).
But, again, the big thing is that interest will not accrue, even if your monthly IDR payments are less than the debt servicing payment. That wasn’t the case before. Back of the napkin math example, to illustrate: Say a kid had $240k in loans from four years to get a bachelors in the city (not unthinkable, if you’re at a private school and paying w/loans for tuition and cost of living). Let’s say unfortunately he can only get a barista job at $20/hr or AGI $40k out of school. With the improved IDR payment at 5pct of the difference of his income (40) and the guideline (33), his IDR required payments would be of $7000 * .05 = $350 yearly, or ~$30 / month. Pretty good. But (and my math might be off here, too conservative) the debt service payment on the total loan, at say 6pct, is going to be at least $15000 (or $1250/ month). So even if he only would need to pay ~$30 to avoid default, he still needs to pay an additional~$1200/ month (!) to avoid the principle of his loan increasing. Let’s say annually, he’s taxed for $6000, pays all his loan payments for $15000, pays $12000 for room/utilities, that leaves ~$600 a month for food, health insurance (though some may still be covered by parents insurance, I’m not quite sure on this) anything else you might want or need. This kid is getting royally fucked, he will not be paying down his loan at all, he will have no discretionary income. and while the new Biden regime is obviously not as good as it could be or should be, it eliminate this ghastly hypo.
i understand that, i was clarifying that the interviewee was being very stupid (especially given that this “forgiveness” has been part of the status quo).
yes much better would be if the payments went to the principle
you don’t have to pay it all back. you pay for 20 or 25 years (less if you are in a qualify public sector), and the remainder is forgiven.
this is good.
that’s more or less what Biden is doing here. before, on income based repayment, one could have negative amortization, where a kid’s principle would balloon/snowball if he couldn’t cover the accruing interest. that’s now been eliminated, and the effective income cap (for the income plan) has been/and will be substantially (imo) reduced.
this is very good.
rent free
when someone says they’re a “small government communist”: read a book you Reddit ass dork
when someone says they’re an “anarchist”: . . . .
😂
Dronie meltdown
Nah I’ll ride w noam over some goatee wearing dipshit thx
users here can make an account over there; users there can make an account over here. who cares.
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