What is going on with student loans?

[Anonymous]

Anonymous wrote:Boy, who knew Americans were such miserable, petty, not to mention ignorant a--holes? Oh wait, we just got out of COVID. So we all did. The "misery loves company" crowd on here just cements that.

Newsflash:
-cost of education when you paid your loans off (and I paid mine) were a fraction of what they are today.
-I doubt all of you so-called hard workers demonstrate your high level of integrity on a day-to-day basis. Plus, you benefit from subsidies every single day. And don't tell me if you wouldn't have benefitted from this program, you would not have jumped at the chance. You know you would.

Hmmmm..... I don't think the plumbers and truckers and hair dressers in the south and midwest who are barely scraping by are "miserable petty a-holes" for being pissed off at having to subsidize college students who make 3-figure incomes. I think their anger is quite justified.

[Anonymous]

Anonymous wrote:

Anonymous wrote:Boy, who knew Americans were such miserable, petty, not to mention ignorant a--holes? Oh wait, we just got out of COVID. So we all did. The "misery loves company" crowd on here just cements that.

Newsflash:
-cost of education when you paid your loans off (and I paid mine) were a fraction of what they are today.
-I doubt all of you so-called hard workers demonstrate your high level of integrity on a day-to-day basis. Plus, you benefit from subsidies every single day. And don't tell me if you wouldn't have benefitted from this program, you would not have jumped at the chance. You know you would.

Hmmmm..... I don't think the plumbers and truckers and hair dressers in the south and midwest who are barely scraping by are "miserable petty a-holes" for being pissed off at having to subsidize college students who make 3-figure incomes. I think their anger is quite justified.

But they don't bat an eye at $1.5 million of their taxes going to Kayleigh McEnany's parents.

[Anonymous]

Pathetic losers looking for handouts. This country is going down the tube

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Boy, who knew Americans were such miserable, petty, not to mention ignorant a--holes? Oh wait, we just got out of COVID. So we all did. The "misery loves company" crowd on here just cements that.

Newsflash:
-cost of education when you paid your loans off (and I paid mine) were a fraction of what they are today.
-I doubt all of you so-called hard workers demonstrate your high level of integrity on a day-to-day basis. Plus, you benefit from subsidies every single day. And don't tell me if you wouldn't have benefitted from this program, you would not have jumped at the chance. You know you would.

Hmmmm..... I don't think the plumbers and truckers and hair dressers in the south and midwest who are barely scraping by are "miserable petty a-holes" for being pissed off at having to subsidize college students who make 3-figure incomes. I think their anger is quite justified.

But they don't bat an eye at $1.5 million of their taxes going to Kayleigh McEnany's parents.

Once again.... if this college debt redistribution is such a great thing...... have a law passed by Congress like the PPP loans did - by a large majority of Congress.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Boy, who knew Americans were such miserable, petty, not to mention ignorant a--holes? Oh wait, we just got out of COVID. So we all did. The "misery loves company" crowd on here just cements that.

Newsflash:
-cost of education when you paid your loans off (and I paid mine) were a fraction of what they are today.
-I doubt all of you so-called hard workers demonstrate your high level of integrity on a day-to-day basis. Plus, you benefit from subsidies every single day. And don't tell me if you wouldn't have benefitted from this program, you would not have jumped at the chance. You know you would.

Hmmmm..... I don't think the plumbers and truckers and hair dressers in the south and midwest who are barely scraping by are "miserable petty a-holes" for being pissed off at having to subsidize college students who make 3-figure incomes. I think their anger is quite justified.

But they don't bat an eye at $1.5 million of their taxes going to Kayleigh McEnany's parents.

Once again.... if this college debt redistribution is such a great thing...... have a law passed by Congress like the PPP loans did - by a large majority of Congress.

Once again... the plumbers and truckers and hair dressers in the south and midwest who are barely scraping by and are pissed that some college grads got $10K in loans forgiven didn't bat an eye when $1.5 million of their tax dlars went to Kayleigh McEnany's parents. They're not pissed at the way the debt forgiveness was passed.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Boy, who knew Americans were such miserable, petty, not to mention ignorant a--holes? Oh wait, we just got out of COVID. So we all did. The "misery loves company" crowd on here just cements that.

Newsflash:
-cost of education when you paid your loans off (and I paid mine) were a fraction of what they are today.
-I doubt all of you so-called hard workers demonstrate your high level of integrity on a day-to-day basis. Plus, you benefit from subsidies every single day. And don't tell me if you wouldn't have benefitted from this program, you would not have jumped at the chance. You know you would.

Hmmmm..... I don't think the plumbers and truckers and hair dressers in the south and midwest who are barely scraping by are "miserable petty a-holes" for being pissed off at having to subsidize college students who make 3-figure incomes. I think their anger is quite justified.

But they don't bat an eye at $1.5 million of their taxes going to Kayleigh McEnany's parents.

Once again.... if this college debt redistribution is such a great thing...... have a law passed by Congress like the PPP loans did - by a large majority of Congress.

Once again... the plumbers and truckers and hair dressers in the south and midwest who are barely scraping by and are pissed that some college grads got $10K in loans forgiven didn't bat an eye when $1.5 million of their tax dlars went to Kayleigh McEnany's parents. They're not pissed at the way the debt forgiveness was passed.

Who said they're not?

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Boy, who knew Americans were such miserable, petty, not to mention ignorant a--holes? Oh wait, we just got out of COVID. So we all did. The "misery loves company" crowd on here just cements that.

Newsflash:
-cost of education when you paid your loans off (and I paid mine) were a fraction of what they are today.
-I doubt all of you so-called hard workers demonstrate your high level of integrity on a day-to-day basis. Plus, you benefit from subsidies every single day. And don't tell me if you wouldn't have benefitted from this program, you would not have jumped at the chance. You know you would.

Hmmmm..... I don't think the plumbers and truckers and hair dressers in the south and midwest who are barely scraping by are "miserable petty a-holes" for being pissed off at having to subsidize college students who make 3-figure incomes. I think their anger is quite justified.

But they don't bat an eye at $1.5 million of their taxes going to Kayleigh McEnany's parents.

Once again.... if this college debt redistribution is such a great thing...... have a law passed by Congress like the PPP loans did - by a large majority of Congress.

Once again... the plumbers and truckers and hair dressers in the south and midwest who are barely scraping by and are pissed that some college grads got $10K in loans forgiven didn't bat an eye when $1.5 million of their tax dlars went to Kayleigh McEnany's parents. They're not pissed at the way the debt forgiveness was passed.

Who said they're not?

You did. You said they angry at having to subsidize, not at the means used to determine they would subsidize.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Why stop with Student loans, there are a lot of struggling homeowners who need mortgage loan forgiven. Can we get some relief please?

They can sell their house. You can't sell a degree.

What? Sure they can. It called a JOB.

That's not selling it. You still retain ownership of the degree. And when you're employed, you can't sell your JOB, either.

Correct
Trust the lunatics on dcum to do what they can to change the subject
Some people are just simple

You are not selling your job of course. You're selling your skills that you got from the degree that got you the job. Call us lunatics and simple all you want. It is not going to change the fact that this is just political theater.

Look, I have no problem with student loan forgiveness. I do have a problem with student loan forgiveness without a policy in place to stop this from happening again. What about the students who have to take loans after June 2022? Higher Ed is not getting any cheaper. So we have to forgive loans every few years? There is not even a proposal to bring college costs down. It just sets a bad precedence and sends the message that paying back student loans is optional.

The issues you cite go back to one culprit: our dysfunctional Congress. They are the ones who set the student loan interest rates, can address affordability, put more restrictions on the colleges themselves to align incentives, tax the endowments, etc.

You need 60 votes in the Senate to get anything done. It ain’t happening. Biden is operating inside the box to which he has been placed by Congress.

Not true when it comes to budget actions. And, he knows that it would never pass Congress - even with a simple majority - because members in his own party are against this.
Biden is acting unconstitutionally. This will not hold up in court.

You can’t change regulations on universities or cost controls through the reconciliation process; that would violate the rules. The only thing that could change through reconciliation is taxing endowments. But even then, that would probably require changing the rules for nonprofit legal entities, which also likely violates reconciliation.

Democrats cant do much to “fix the underlying” problem without the support of Republicans. And I don’t hear any credible solutions coming from sincere Republicans.

[Anonymous]

[Anonymous]

Anonymous wrote:You should look into why student loans are not dischargable in bankruptcy. It’s because a bunch of Boomer law and med school grads would declare bankruptcy right after graduating in order to get out of their loans, before they had accumulated any assets.

I’m also not sure how bankruptcy would work, given that the Department of Education makes the vast majority of student loans. The government has the power to garnish wages and tax refunds to enforce payment on judgments.

^^
You could easily put a timeframe around when bankruptcy can be executed - let's say 8 years after the debt was accumulated - make it 10 if you want. Lawyers and doctors will be far along in their careers and will not pursue. The person who took two years at a crappy college and now is a waitress just might. Done.

[Anonymous]

Anonymous wrote:

Anonymous wrote:Boy, who knew Americans were such miserable, petty, not to mention ignorant a--holes? Oh wait, we just got out of COVID. So we all did. The "misery loves company" crowd on here just cements that.

Newsflash:
-cost of education when you paid your loans off (and I paid mine) were a fraction of what they are today.
-I doubt all of you so-called hard workers demonstrate your high level of integrity on a day-to-day basis. Plus, you benefit from subsidies every single day. And don't tell me if you wouldn't have benefitted from this program, you would not have jumped at the chance. You know you would.

Hmmmm..... I don't think the plumbers and truckers and hair dressers in the south and midwest who are barely scraping by are "miserable petty a-holes" for being pissed off at having to subsidize college students who make 3-figure incomes. I think their anger is quite justified.

You mean the ones who may have their own trade school debt that was also forgiven?

[Anonymous]

Anonymous wrote:

Anonymous wrote:You should look into why student loans are not dischargable in bankruptcy. It’s because a bunch of Boomer law and med school grads would declare bankruptcy right after graduating in order to get out of their loans, before they had accumulated any assets.

I’m also not sure how bankruptcy would work, given that the Department of Education makes the vast majority of student loans. The government has the power to garnish wages and tax refunds to enforce payment on judgments.

^^
You could easily put a timeframe around when bankruptcy can be executed - let's say 8 years after the debt was accumulated - make it 10 if you want. Lawyers and doctors will be far along in their careers and will not pursue. The person who took two years at a crappy college and now is a waitress just might. Done.

DP. So kind of the same concept as current loan forgiveness programs that forgive debt after a certain number of years, except that unlike bankruptcy people have to make payments to qualify for loan forgiveness?

[Anonymous]

Anonymous wrote:Boy, who knew Americans were such miserable, petty, not to mention ignorant a--holes? Oh wait, we just got out of COVID. So we all did. The "misery loves company" crowd on here just cements that.

Newsflash:
-cost of education when you paid your loans off (and I paid mine) were a fraction of what they are today.
-I doubt all of you so-called hard workers demonstrate your high level of integrity on a day-to-day basis. Plus, you benefit from subsidies every single day. And don't tell me if you wouldn't have benefitted from this program, you would not have jumped at the chance. You know you would.

We don't know that because we were brought up to pay our debts, not to be deadbeats. The cost of education may have been lower for me than for you BUT my first salary was $20,000/year not even near what starting salaries are today.

I would bet that many of those who benefit from this give-away will, or have, declared bankruptcy at least once. A deadbeat for one debt, a deadbeat for all.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Boy, who knew Americans were such miserable, petty, not to mention ignorant a--holes? Oh wait, we just got out of COVID. So we all did. The "misery loves company" crowd on here just cements that.

Newsflash:
-cost of education when you paid your loans off (and I paid mine) were a fraction of what they are today.
-I doubt all of you so-called hard workers demonstrate your high level of integrity on a day-to-day basis. Plus, you benefit from subsidies every single day. And don't tell me if you wouldn't have benefitted from this program, you would not have jumped at the chance. You know you would.

Hmmmm..... I don't think the plumbers and truckers and hair dressers in the south and midwest who are barely scraping by are "miserable petty a-holes" for being pissed off at having to subsidize college students who make 3-figure incomes. I think their anger is quite justified.

You mean the ones who may have their own trade school debt that was also forgiven?

You can’t always use federal loans to pay for trade school programs. Even accredited ones connected to a community college.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Boy, who knew Americans were such miserable, petty, not to mention ignorant a--holes? Oh wait, we just got out of COVID. So we all did. The "misery loves company" crowd on here just cements that.

Newsflash:
-cost of education when you paid your loans off (and I paid mine) were a fraction of what they are today.
-I doubt all of you so-called hard workers demonstrate your high level of integrity on a day-to-day basis. Plus, you benefit from subsidies every single day. And don't tell me if you wouldn't have benefitted from this program, you would not have jumped at the chance. You know you would.

Hmmmm..... I don't think the plumbers and truckers and hair dressers in the south and midwest who are barely scraping by are "miserable petty a-holes" for being pissed off at having to subsidize college students who make 3-figure incomes. I think their anger is quite justified.

You mean the ones who may have their own trade school debt that was also forgiven?

You can’t always use federal loans to pay for trade school programs. Even accredited ones connected to a community college.

Sure you can. It’s how those schools and programs exist. The business model of proprietary trade schools is to recruit single moms and dads who will qualify for Pell grants and federal loans.