#Budgeting for loans

[loansmee]

Discover the truth about $5000 personal loans in our in-depth blog post. Understand the hidden monthly costs and learn effective strategies to manage financial uncertainty. Whether you're considering a loan or already have one, gain valuable insights to make informed decisions. Click now to read more and take control of your finances!

[perilegs]

i have 18 inches arriving in the mail tomorrow 🥴

[mysharona1987]

[its-yashas-strong-arms]

cw for discussing salary and budgeting

i'm supposed to be getting a job offer later this month to transfer into the company I've been working for this past year. and i know i'm getting the offer and it'll probably be decent since i'm in tech at a big corporate bank, but this will set the baseline for my salary and growth potential for the next couple years and I'm nervous. i got debts to pay off, you know? plus i have a male friend who got in last year with fewer credentials than i do and he's told me how much he makes, and i have another male friend whose level of expertise is similar to mine who should get his offer this week, and seeing how my offer compares to theirs is going to set the standard for my opinion on this company going forward.

idk I'm just yelling my anxieties into the void thanks for listening <3

[libraryofva]

Recent Acquisition - Ephemera Collection

My Thrift Book, Compliments of Beneficial Loan Society. Thrift Brings Happiness. 1927

[tododeku-or-bust]

I'm bout to cry ngl. I want to pay off this medical debt. Saved enough to do that. Come to find out I'm being charged 574 for both this car loan AND for student loans. The loans of which I SWORE I applied to pay less on. And now all of a sudden it's on a whole new website. I fucking hate America. And there was already reason to hate it before now, but I just... This fucking place.

On the bright side, the student loans were taken before I noticed. I confirmed the cheaper option now.

[mayflydecember]

so like does somebody wanna buy me a new car lmao

[dontmeantobepoliticalbut]

Donald Trump slammed President Joe Biden’s plans to cancel student loan debt as “vile” and suggested that the program will be “rebuked” if he is elected.

The Biden administration has canceled loan balances for nearly 4.8 million people by relying on a mix of existing programs and new policies after the Supreme Court struck down his campaign-trail promise for sweeping relief last year.

In a rambling campaign rally speech in Racine, Wisconsin, on Tuesday, Trump compared debt relief to what he said is “illegal amnesty” for immigrants married to American citizens.

“He did that with the tuition and that didn’t work out too well, he got rebuked, and then he did it again, it’s going to get rebuked again, even more so, it’s an even more vile attack, but he did that with tuition just to get publicity with the election,” he said.

Twenty minutes later, he blamed student loan relief for a climbing federal budget deficit.

“Because he’s throwing money out the window,” Trump said. “This student loan program, which is not even legal, it’s not even legal, and the students aren’t buying it, by the way. His polls are down. I’m leading in young people by numbers that nobody has ever seen.”

Last year, the Supreme Court blocked Biden’s plans for student debt relief after a pair of lawsuits from Republican attorneys general and conservative legal groups.

At a campaign event that same day, Trump hailed the decision and called Biden’s plans “very unfair to the millions and millions of people who paid their debt through hard work and diligence.”

Project 2025, a right-wing special interest-backed plan for Trump’s return to the White House, has also called for reversing student debt cancellation and eliminating the Office of Federal Student Aid.

Earlier this year, more than a dozen GOP-led states launched another federal court battle to challenge Biden’s latest debt relief plans. Biden is “unilaterally trying to impose an extraordinarily expensive and controversial policy that he could not get through Congress,” according a lawsuit led by Missouri’s Republican attorney general.

Before Biden’s plan was struck down, millions of people who took out federally backed student loans were eligible for up to $20,000 in relief.

Borrowers earning up to $125,000, or $250,000 for married couples, would be eligible for up to $10,000 of their federal student loans to be wiped out. Those borrowers would be eligible to receive up to $20,000 in relief if they received Pell grants.

Roughly 43 million federal student loan borrowers were eligible for that relief, including 20 million people who could have had their debts entirely wiped out, according to the White House. 16 million people had already submitted their applications and received approval for debt cancellation prior to the court’s ruling.

Still, the administration has been able to speed relief for nearly 5 million Americans by leaning on programs that have existed for years, including during Trump’s administration.

Last month, the administration aided $7.7 billion in relief, including wiping out debts for nearly 67,000 public servants enrolled in the Public Service Loan Forgiveness program, according to the Education Department.

Another 54,000 borrowers had their balances cleared under a new repayment plan that promises to cancel debts from loans of less than $12,000 if they had made their payments over 10 years. Another 39,000 borrowers who have been in repayment for more than 20 to 25 years as part of an income-driven repayment plan also had their balances cleared.

The administration’s student loan plans are also fuelling a federal budget deficit, which will hit $1.9 trillion this fiscal year, according to the Congressional Budget Office.

That includes a projected $145 billion spike from changes to the student loan forgiveness plan, including a proposal to waive interest for millions of borrowers.

The amount of debt taken out to support student loans for higher education costs has exploded within the last decade, alongside surging tuition costs, private university enrollment growth, stagnant wages and a lack of investments in higher education and student aid, which puts the burden of college costs largely on students and their families.

Many borrowers also have been trapped by predatory lending schemes with for-profit institutions and sky-high interest rates that have made it impossible for many borrowers to make any progress toward paying off their debt, with interest adding to balances that have exceeded the original loans.

[mortifying-macaroni]

I have ideas for abt 8 drawings so far, but I also have like 30+ physics formulas to learn until the 25th Oct. Knowing me, I might take the irresponsible route and push one of my ideas into the WIP stage

[starfieldcanvas]

for every "how dare you plan to spend money out of your entertainment budget while i, a complete stranger to you, am still poor" post i see i am buying another $3 worth of crabs

[jtownraindancer]

someone stop me i keep finding cute apartments in philly

[aidanchaser]

i told myself that i would keep working at my current job at least until i have paid off all the money i spent to acquire the degrees i needed to do this job

but today i did some math and realized that if i stick to my current budget, i will actually attain my master's degree at the same time i will pay off my loans.

its really tempting to get my master's degree then immediately turn in my letter of resignation, just for the bit

[americanmarketplace]

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[knifebucket]

hey I think budget guides don't work if you're up to your eyeballs in debt. this is just something I've noticed. quite recently in fact

[perfect-jerry-blossom]

growing up you always hear “never buy a new car it’s a scam” but nobody ever prepares you for the “10 year old used car with 45k miles on it costs $16k”

[advisorsage]

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