Is it ever going to be a "bail out" for people who have federal student loans?

fdub

fdub

5,000
6,992
Joined
Sep 16, 2010
I was reading a few blogs and articles that Obama is trying to pass something on a possible federal student loan bail out. Is it even realistic that it could happen? Maybe I can see some of you guys views.
 
The fed can't afford to pay back its debt to foreign countries. What makes you think they give a damn about bailing people out from their student loans :rofl:
 
Last edited:
There already is a loan forgiveness program.

If you're a full-time government/municipal employee (school teacher, janitor, etc) or work for a non profit you only have to pay back on Federal student loans for 10 years. In most cases you end up only paying back a quarter to half of what you borrowed. If you qualify for income based payments, you're basically walking away from the loan after throwing pennies at it.


If you aren't a government employee you have to pay back for 25 years and still get to walk away from the loan after that no matter the remaining balance.

https://studentaid.ed.gov/repay-loans/forgiveness-cancellation/charts/public-service

https://studentaid.ed.gov/sites/default/files/public-service-loan-forgiveness.pdf
 
Last edited:
Just make minimum payments and wait. It could happen especially if you're in the loan forgiveness program.
 
You must log in or register to reply here.

The ultimate sneaker enthusiast community.

NikeTalk was created as a way of giving back to both the sneaker enthusiast community and to the greater global community of which we are all a part.

NikeTalk is NOT affiliated with Nike Inc. in any way, shape, or form. All opinions expressed herein do not necessarily reflect those of Nike, Inc.

© 1999-2024 NikeTalk.com

Share this page

Back
Top Bottom