My main questions here are whether there are stipulations about when the loan was taken, when the course of study finishes, and if having a cosigner affects whether one qualifies.

I'll just give my data and see if anybody can find this out for me: Say I have a student loan from Sallie Mae that was taken around January of last year, for a course of studies that terminate in October. One thing I'm wondering, I definitely make (way) less than the income, in fact I make pretty much nothing. But in order to get a loan in the first place I needed to have my parents co-sign, and I'm pretty sure they make more than 125k. Does the income of a cosigner come into play here, or can I still get $10k cancelled?

  • RedDawn [he/him]
    ·
    2 years ago

    Wait a sec... Does my loan not count because Sallie Mae is a "private" loan and not a "federal" loan? I'm actually going to be extremely butt hurt about this if that's the case and will not be voting for Joe Brandon. (Wasn't going to anyway but will enjoy telling all the libs I know that he lost my vote by not forgiving my debt).

      • RedDawn [he/him]
        ·
        2 years ago

        Wow what the fuck? Why did the university tell me to take that one? I feel tricked, this sucks huge balls. Brandon can eat my ass

          • RedDawn [he/him]
            ·
            2 years ago

            I'll survive. Hopefully my new career gives me the income to pay it off quick, if not guess I'll just leave the country and never pay it anyway. I already left the US but planning to go back temporarily to work as a software dev, pay all my debts and save some money, then leave again. It just sucks to have gone through the 5 minute long emotional rollercoaster of "hell yeah I just got $10,000! Oh wait nvm this does literally nothing for my poor broke ass".

              • RedDawn [he/him]
                ·
                2 years ago

                Oh shit you're right. Yeah I won't do that to my folks, guess I'll just pay it one way or the other. At least the monthly payment is pretty low, the problem is I have a fuck ton of other debt (which actually is to the federal government but not classified as student loans). The good thing is if I can actually land just an average junior software engineer type job, I really ought to be able to pay it in like a year. I'm just thoroughly pessimistic about everything with the way my life has played out over the last few years that I'll never even get a job or something.

        • DrunkUncle [none/use name]
          ·
          2 years ago

          But if it’s a private loan you can probably get it discharged in bankruptcy.

          If i could do that with my federal loans, i would’ve done it a long time ago but you can’t.