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kleinbl00 · 2260 days ago · link · · parent · post: The Next Financial Calamity Is Coming. Here’s What to Watch.
As currently written, you can get yourself on an income-adjusted plan, make minimum payments, and then forgive the whole stupid thing after 360 of them. Granted, that's a 30-year millstone and requires an appalling amount of interaction with a bunch of shifting lenders and agencies (and they've gotten real good at losing your paperwork, if you know what I mean). But it's worth it. My wife took out $150k in loans to get a medical degree. At the end of 30 years, at our current rate, she'll owe the government $3m. 45% of our clients are on medicaid. Fuck that shit.