RE: consolidation and federal/private lenders. I got student loan relief during the pandemic and then got my whole loan forgiven (because I met the criteria of however many years of continuous payments). I was able to do this because I transferred my privately held debt to a federal loan servicing company. My privately held debt was already consolidated for a long time so I thought I wasn't eligible for the federal relief programs. I consolidated my private loan to a federal lending company and I was eligible. So, for anyone that wants to be eligible for any future federal relief programs, basically, you can reconsolidate and this was not clear to me at all. Whether there will ever be more relief, who knows but this wasn't clearly an option when I was trying to figure out how to qualify. I attended zoom meetings with all of the student debt advocacy groups and it wasn't clear. Hopefully that helps someone else and student loan forgiveness wasn't a brief, and for most people, pathetic blip.
Really good conversation. There's a term in New Age culture known as "Light worker." It's often used to refer to people that like to collect crystals and speak gibberish when going into trance, but to me Alan is the *real* version of a Light worker.
Thank you Alan for doing your good work. A lot of this info was new to me. I was fortunate enough to serve in military and only have to go to fight in Iraq to get my college covered. Being in debt for life sounds worse, honestly.
Maybe part of this scheme is to push kids towards the military.
I’ve been in the position of reviewing fresh new college grads for consulting jobs. These are demanding jobs involving a lot of travel and responsibilities. It can be difficult to find truly motivated young folks sometimes. I’d often joke with colleagues that we need to hire some kid with massive college debt. Besides the odd government money making schemes presented, there is a lot of incentive to keep folks in debt to keep them motivated to work hard through their mid to late 20’s. Keep them grinding until they have a house and family to keep them working.
RE: consolidation and federal/private lenders. I got student loan relief during the pandemic and then got my whole loan forgiven (because I met the criteria of however many years of continuous payments). I was able to do this because I transferred my privately held debt to a federal loan servicing company. My privately held debt was already consolidated for a long time so I thought I wasn't eligible for the federal relief programs. I consolidated my private loan to a federal lending company and I was eligible. So, for anyone that wants to be eligible for any future federal relief programs, basically, you can reconsolidate and this was not clear to me at all. Whether there will ever be more relief, who knows but this wasn't clearly an option when I was trying to figure out how to qualify. I attended zoom meetings with all of the student debt advocacy groups and it wasn't clear. Hopefully that helps someone else and student loan forgiveness wasn't a brief, and for most people, pathetic blip.
Really good conversation. There's a term in New Age culture known as "Light worker." It's often used to refer to people that like to collect crystals and speak gibberish when going into trance, but to me Alan is the *real* version of a Light worker.
Thank you Alan for doing your good work. A lot of this info was new to me. I was fortunate enough to serve in military and only have to go to fight in Iraq to get my college covered. Being in debt for life sounds worse, honestly.
Maybe part of this scheme is to push kids towards the military.
I’ve been in the position of reviewing fresh new college grads for consulting jobs. These are demanding jobs involving a lot of travel and responsibilities. It can be difficult to find truly motivated young folks sometimes. I’d often joke with colleagues that we need to hire some kid with massive college debt. Besides the odd government money making schemes presented, there is a lot of incentive to keep folks in debt to keep them motivated to work hard through their mid to late 20’s. Keep them grinding until they have a house and family to keep them working.