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Student Loan Guidelines Disqualifying Home Buyers.



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"Student Loan Guidelines Disqualifying Home Buyers"

  1. Michele says:

    I think we’re missing a bigger issue. Young people that go to school, take out all the student loans they can get, mostly to live on so they won’t have to work, and never finish a degree or use the degree they complete. College isn’t for everyone and doesn’t necessarily guarantee high pay. We need more options.

  2. Beth says:

    Student loans were designed to never be paid off, yet they were sold as a great way to pay for higher education. I am in this situation now and have been paying every month for the last 16 years (a few months were in deferment).

    Being a teacher, you would think that that would be considered a “government job”, but I did not teach in a school (not district, but school building) that would qualify as part of the “forgiveness” program. I was, and still am, disqualified from being able to have my student loan forgiven. So, even though I paid more than my minimum payment and never had a late payment, had a government job that required me to continue to get more education, my loan has to be paid for many more years. At the rate I am going (paying extra each month) I will be 76 when my loan is paid off. They will take longer to pay off than my 30 year mortgage.

    I wish that I had one of those “good benefit” teaching jobs. All of the schools in my area continue to expect teachers to take cuts and cuts and more cuts. I love teaching the children. I do not love being sold a bad product so many years ago and now still having to pay it off while working for less pay.

    It is a good thing that I have a second job so I can keep paying my bills on time.

    The student loan situation needs to be addressed. They need to be refinanced into loans that can be paid in a timely manner.

  3. Terry says:

    If it ultimately “forgiven” will the IRS consider the “forgiven” amount to be income???

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