Current Events > AOC $20,000 in student loan debt. Makes payment during hearing.

(+) Yeah! (+)

TBH it shows how bad she is with her finances. She makes 180k a year and is still making minimal payments on her 20k student loans? If she concentrated her income on her debt, she'd have paid it off by now.

That chick needs some Dave Ramsey in her life.

XXmiznatorXX posted...

TBH it shows how bad she is with her finances. She makes 180k a year and is still making minimal payments on her 20k student loans? If she concentrated her income on her debt, she'd have paid it off by now.

That chick needs some Dave Ramsey in her life.

Why does she need to pay it off sooner?

She build more credit this way fyi.

FrozenXylophone posted...

XXmiznatorXX posted...

TBH it shows how bad she is with her finances. She makes 180k a year and is still making minimal payments on her 20k student loans? If she concentrated her income on her debt, she'd have paid it off by now.

That chick needs some Dave Ramsey in her life.

Why does she need to pay it off sooner?

She build more credit this way fyi.

Shes earned that ... for 8 months. And as has been pointed out she had to relocate for the job incurring quite a bit of personal cost.
---

divot1338 posted...

FrozenXylophone posted...

XXmiznatorXX posted...

TBH it shows how bad she is with her finances. She makes 180k a year and is still making minimal payments on her 20k student loans? If she concentrated her income on her debt, she'd have paid it off by now.

That chick needs some Dave Ramsey in her life.

Why does she need to pay it off sooner?

She build more credit this way fyi.

Shes earned that ... for 8 months. And as has been pointed out she had to relocate for the job incurring quite a bit of personal cost.

A few thousand at best.

She can easily paid off her loans. Everything is a publicity stunt with this woman.
---

Awesome posted...

Skype posted...

Awesome posted...

nobody forced her to take a loan out, she could have joined the military or applied for trade school.

What a ridiculous take.

how is that ridiculous when a lot of people end up going those routes because they dont want to deal with loans or they cant qualify for them?

You're coming so close to understanding the problem.
---

FrozenXylophone posted...

pls posted...

doesn't she make like 200k and have a luxury apartment in an expensive city? you would think she'd have the foresight to clean up her debt, but instead she's being irresponsible and wanting to lead the country lmao

Why pay it off when you know it will be forgiven since you have authority to vote on bills to do such?

I'd MUCH rather have this happen than how Donnie fleeces tax payer money to his resorts in a near daily basis.
---

FrozenXylophone posted...

XXmiznatorXX posted...

TBH it shows how bad she is with her finances. She makes 180k a year and is still making minimal payments on her 20k student loans? If she concentrated her income on her debt, she'd have paid it off by now.

That chick needs some Dave Ramsey in her life.

Why does she need to pay it off sooner?

She build more credit this way fyi.

You pay more interest in the long run. Better to pay it sooner.

I live in the DC area, plenty of nice apartments around that don't cost as much as hers. Navy Yard is on the new and pricey side with a lot of amenities and she choose to live there. That's on her. I don't feel bad for her at all.

Its the governments fault that school is expensive. It backs student loans, so schools can jack up prices to levels that dont make sense for many majors because seats will be filled anyway. If the government does not address its role in creating the student loan bubble, a debt jubilee will be demanded every decade.
---

That isn't even that much. I was 30k in the hole after my BA and I'm working on my Masters degree on top of it. Between that and interest I might be around 100k in the hole lmao.

I'm never paying it off though anarchyyyyyyyyyy!!!!

AOC makes more than I do, and I paid off $140k in one year.

So..... Nice work paying off $1k of your loans, AOC?

Also, I'm all for debt cancellation but boasting about paying off $1k of your loans when you make $200+ is hilarious
---

JustMyOpinion posted...

How can you pay off 140k in a year making less than 180k pre tax?

Moonlighting every off day, and living like a resident

But I wasn't going to wait around for the government to fix my problem (I doubt it'd even significantly impact my tax bracket anyway)

I do think student loan debt needs to be fixed. My only major concern is what happens to the people who go to college after this bill passes. Tough luck?
---

how can she have debt and also be advocating to have that debt forgiven

isn't that a clear conflict of interests o_O
---

tamagucci posted...

FrozenXylophone posted...

"I just made a payment that took me down to $19,000 so I feel really accomplished right now."

I'm not sure she's ready to run a country.

At least she pays her bills.
---

how can you have income and also be advocating to have tax on that income cut

isn't that a clear conflict of interests o_O

Malfunction posted...

how can you have income and also be advocating to have tax on that income cut

isn't that a clear conflict of interests o_O

Equating taxes to debt
---

FrozenXylophone posted...

XXmiznatorXX posted...

TBH it shows how bad she is with her finances. She makes 180k a year and is still making minimal payments on her 20k student loans? If she concentrated her income on her debt, she'd have paid it off by now.

That chick needs some Dave Ramsey in her life.

Why does she need to pay it off sooner?

She build more credit this way fyi.

There are far better ways of building credit than slowly paying off a student loan, and many of them do not require paying interest if you're smart about it.
---

Philoktetes posted...

how can she have debt and also be advocating to have that debt forgiven

isn't that a clear conflict of interests o_O

I mean it's legal to give lawmakers huge "donations" in return for legislation that benefits you so conflict of interest ain't really an issue here
---

thronedfire2 posted...

tamagucci posted...

FrozenXylophone posted...

"I just made a payment that took me down to $19,000 so I feel really accomplished right now."

I'm not sure she's ready to run a country.

At least she pays her bills.

not really. ocasio-cortez made a token payment.

Paragon21XX posted...

FrozenXylophone posted...

XXmiznatorXX posted...

TBH it shows how bad she is with her finances. She makes 180k a year and is still making minimal payments on her 20k student loans? If she concentrated her income on her debt, she'd have paid it off by now.

That chick needs some Dave Ramsey in her life.

Why does she need to pay it off sooner?

She build more credit this way fyi.

There are far better ways of building credit than slowly paying off a student loan, and many of them do not require paying interest if you're smart about it.

I keep hearing people say this, but at the end of the day, they have debt and I don't.

Whether or not that's mathematically the superior move, having zero debt is a release on my emotions worth that difference in money.
---

Credit is important if you want a loan to buy a house but don't got much savings.

uh, if you're making 200k a year you can easily build credit by buying other shit after paying the loans, and your credit will still go up if you pay the whole loan off at once.

all paying it off slowly does is give the bank free interest
---

Wewillrocku posted...

thronedfire2 posted...

tamagucci posted...

FrozenXylophone posted...

"I just made a payment that took me down to $19,000 so I feel really accomplished right now."

I'm not sure she's ready to run a country.

At least she pays her bills.

not really. ocasio-cortez made a token payment.

We hate people that make payments
---

If you complain about inequality while earning a good income, you're a hypocrite and if you complain about it while being impoverished, you're jealous. It's the right wing way!

thronedfire2 posted...

uh, if you're making 200k a year you can easily build credit by buying other shit after paying the loans, and your credit will still go up if you pay the whole loan off at once.

all paying it off slowly does is give the bank free interest

She only been in office like a year fyi

FrozenXylophone posted...

thronedfire2 posted...

uh, if you're making 200k a year you can easily build credit by buying other shit after paying the loans, and your credit will still go up if you pay the whole loan off at once.

all paying it off slowly does is give the bank free interest

She only been in office like a year fyi

Rational people pay off their debt when they afford to, not use it as a tool for a stunt. She's been in office long enough to have made about $80-90k after taxes.

Paying off $20k is a walk in the park with that kind of income, unless she enjoys giving the government free money in the form of interests.
---

GreatEvilEmpire posted...

FrozenXylophone posted...

thronedfire2 posted...

uh, if you're making 200k a year you can easily build credit by buying other shit after paying the loans, and your credit will still go up if you pay the whole loan off at once.

all paying it off slowly does is give the bank free interest

She only been in office like a year fyi

Rational people pay off their debt when they afford to, not use it as a tool for a stunt. She's been in office long enough to have made about $80-90k after taxes.

Paying off $20k is a walk in the park with that kind of income, unless she enjoys giving the government free money in the form of interests.

Celebrating paying off $1k of your debt with that kind of income is pretty much the perfect embodiment of the kind of financial savvy I'd expect from an AOC supporter.
---

Imagine how many hookers i could spend that on.

20k?

Many borrowers are near 100k.

Also, forgive it all. The country is gonna get wrecked otherwise.

But hey, i know it would be awful if poor people ever came close to touching others, so just let the country die.
---

XXmiznatorXX posted...

TBH it shows how bad she is with her finances. She makes 180k a year and is still making minimal payments on her 20k student loans? If she concentrated her income on her debt, she'd have paid it off by now.

That chick needs some Dave Ramsey in her life.

You just missed it, Dave Ramsey recently just told a woman to never pay off her loans because the government has no sense.

Got another idea?
---

Hanky_Bannister posted...

Squall28 posted...

divot1338 posted...

pls posted...

doesn't she make like 200k and have a luxury apartment in an expensive city? you would think she'd have the foresight to clean up her debt, but instead she's being irresponsible and wanting to lead the country lmao

Like all those free loading bum doctors that owe a few hundred thousand in loans for medical school.

Its like ... get a job already.

Yes those doctors who chose to go to medical school knowing the financial cost should pay back the money they agreed to pay after getting their high salaries post schools.

so they should live in squalor until paying off that debt....got it

Why do people act like living responsibly is the worst thing in the world?
---

How about the companies that lied about the debt, and the interest?

Or the for profit colleges that cheated students?

You know not all student debt is oh i went to school now i dont wanna pay

Quite often it is i went to school, my school was a fraud, they went out of business, now i have no job but i have this debt and am back to square one while they got away with it
---

_____Cait posted...

Quite often it is i went to school, my school was a fraud, they went out of business, now i have no job but i have this debt and am back to square one while they got away with it

The usual response to that is "Well you should have done your research!"

How an fresh out of high school just barely adult is supposed to know how to tell the legit colleges from the scams is typically not discussed.
---

Umbreon posted...

_____Cait posted...

Quite often it is i went to school, my school was a fraud, they went out of business, now i have no job but i have this debt and am back to square one while they got away with it

The usual response to that is "Well you should have done your research!"

How an fresh out of high school just barely adult is supposed to know how to tell the legit colleges from the scams is typically not discussed.

Pro Tip: if the college you are considering is listed as for-profit, it is nearly all of the time a total scam.
---

Paragon21XX posted...

Umbreon posted...

_____Cait posted...

Quite often it is i went to school, my school was a fraud, they went out of business, now i have no job but i have this debt and am back to square one while they got away with it

The usual response to that is "Well you should have done your research!"

How an fresh out of high school just barely adult is supposed to know how to tell the legit colleges from the scams is typically not discussed.

Pro Tip: if the college you are considering is listed as for-profit, it is nearly all of the time a total scam.

Oh absolutely.

But if the high school you're still isn't interested in giving you good advice and your parents aren't savvy enough, real easy to screw yourself.
---

FrozenXylophone posted...

AOC is smart to not pay it off yet.

I would wait to pay off student loan debt in case forgiveness coming. Anyone reading this with said debt should think about that.

That's literally something Trump would do though.

Not paying debts when you can afford to do so is scummy as fuck.
---

Paragon21XX posted...

Umbreon posted...

_____Cait posted...

Quite often it is i went to school, my school was a fraud, they went out of business, now i have no job but i have this debt and am back to square one while they got away with it

The usual response to that is "Well you should have done your research!"

How an fresh out of high school just barely adult is supposed to know how to tell the legit colleges from the scams is typically not discussed.

Pro Tip: if the college you are considering is listed as for-profit, it is nearly all of the time a total scam.

Yeah everyone knows that now, not 10-15 years ago
---

_____Cait posted...

20k?

Many borrowers are near 100k.

Also, forgive it all. The country is gonna get wrecked otherwise.

But hey, i know it would be awful if poor people ever came close to touching others, so just let the country die.

The bigger issue is what happens to the people who get loans after the bill is passed?

Because it's a black hole of debt unless the government regulates how much college actually costs
---

DarkRoast posted...

_____Cait posted...

20k?

Many borrowers are near 100k.

Also, forgive it all. The country is gonna get wrecked otherwise.

But hey, i know it would be awful if poor people ever came close to touching others, so just let the country die.

The bigger issue is what happens to the people who get loans after the bill is passed?

Because it's a black hole of debt unless the government regulates how much college actually costs

The idea is to never let these schools put people into these situations again. It isnt about only erasing the debt, but fixing the source of the debt as well.
---

Paragon21XX posted...

Umbreon posted...

_____Cait posted...

Quite often it is i went to school, my school was a fraud, they went out of business, now i have no job but i have this debt and am back to square one while they got away with it

The usual response to that is "Well you should have done your research!"

How an fresh out of high school just barely adult is supposed to know how to tell the legit colleges from the scams is typically not discussed.

Pro Tip: if the college you are considering is listed as for-profit, it is nearly all of the time a total scam.

Pro-er tip: This information didnt exist 15-20 years ago, and the schools lied about recruitment rates, pay rates, repayment plans, accreditation.

Pro-est tip: Devos has her hands in the for-profit cookie jar, has been sued for it, and faces no consequences because $$$$$$$?
---

She went to Boston University. The tuition there is $55k a fucking year. With room and board about $72k. Going by how much she has left, she borrowed at least $150k-$180k for a fucking Bachelor's of Arts degree.

What a fucking idiot when she could have just gone to Binghamton or Stony Brook for a fraction of the cost.

She can't accept a donation to pay it off or to reimburse her, I think that would look bad. And there are Dems who have probably privately offered to pay it. Not criticizing her. Her proposals may be a bit too left leaning for me, I'm a moderate who leans to the left but perhaps not that far left.

JustMyOpinion posted...

As long as forgiving their debt doesn't cost me anything it's ok with me.

Not forgiving it is already costing you a stagnant economy, which is costing you money.

America is a country of spenders, a significant portion of that student debt will be repladed with credit card debt, car loans and mortgages.

Giving millions of spenders more spending money is a good thing. While some certainly will learn to be more frugal, it's not going to be what happens for most and I'd dare say even 20% not getting into a new debt nothing a year would shock me.

---

pls posted...

doesn't she make like 200k and have a luxury apartment in an expensive city? you would think she'd have the foresight to clean up her debt, but instead she's being irresponsible and wanting to lead the country lmao

---

I just paid off my 13k loan the other day. Only took 4 years.
---

InfinityMonster posted...

She went to Boston University. The tuition there is $55k a fucking year. With room and board about $72k. Going by how much she has left, she borrowed at least $150k-$180k for a fucking Bachelor's of Arts degree.

What a fucking idiot when she could have just gone to Binghamton or Stony Brook for a fraction of the cost.

She comes from a 'poor' family, too.

There is absolutely nothing wrong with a 'local' college. They offer the same education at a fraction of the cost and often have lower living costs (smaller communities, living at home, etc).

I went to a local college (now a university) and am doing a bachelor at another local college that is partnering with a university. It is way cheaper. My field is regulated, so in order for a school to teach the program, it has to be accredited. I am saving a ton of money doing my studies this way.
---

VTBM posted...

I just paid off my 13k loan the other day. Only took 4 years.

The people with near 100k and got defrauded are the ones who cant pay. Their interest literally resets the total after payments, trapping them. They wish they had your debt.
---

I took a $30,000 loan to buy my truck. Paying off loans is a part of life. They could just get rid of loans and make people pay out of pocket and if they don't have the money they just go without.

---

Did the company who gave you the truck give you a broken truck, lie a out the mileage, lie about the manufacturer, lie about payments, take out advertised features, and then shut down eventually?

Cause thats whats happening with the many of the borrowers. And Devos gets to get away with it because reasons.
---