U.S. Senator Lamar Alexander (R-Tenn.) is proposing a new way for the federal government to collect student loan payments.
In a recent speech, he pitched the idea of having payments taken directly out of the borrower’s paycheck each month, just like federal taxes.
This would be done in one of two ways:
The repayment plan would be income based and would never require the borrower to make payments of more than 10% of their discretionary income. If there was no money earned, then there would be no money owed. It also wouldn’t hurt their credit score.
The 10-year payment plan, with equal monthly payments, would be very similar to a 10-year mortgage.
Man lissen, when I tell yaw these #conservatives are the #opps .... what kinna ANIMAL would do this when these #wages that #millennials are getting is barely enough to make ends meet ... most defer or are doing the minimum and these losers on the #gop are proposing to take a cut from your checks... yanno what rather than focus on struggling students get a corporation like #amazon to pay more than $0 in federal #taxes for the 2nd year inna row despite making $11,000,000,000.00 in profit (double from the year before) ... so how come we have a #taxsystem that provides more relief to #corporations than an education system that provides relief to struggling students... you guys if this passes (it shouldn't), most who went to a four-year college but wasn't wealthy will need to work the rest of their lives .... I'm not even playing ... because #automation (robots), not really #immigration , will continue to kill more human jobs and yet students of today continue to get told to have #jobexperience and #certificate #license or #degree requirements that is hard to do when so many people live near or below the #povertyline ... yo, I want #democrats to stop just running on #trump being evil and start getting at these #republicans and give us a real measure for #studentdebtrelief ... most of us can't even think about owning a home at our rates of pay with these prices and interest rates on shit we need, which means ain no #americandream 4 us bih smh - 2 hours ago