What is going on with student loans?

[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?

+1. These idiotic right wing talking points are *so* out of touch. Truck drivers and blue collars men and women have community college and scam school loans... their kids go to local CCs and state universities. This forgiveness helps tens of millions of Conservative-leaning families with blue collar dads and grandpas.

[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.

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.

You are incorrect- here: https://www.insidehighered.com/news/2021/07/02/debate-over-using-pell-grant-funds-very-short-term-vocational-programs

[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.

Hey you know what? I'm who you are responding to. I'm from the rust belt Midwest, from a family of immigrants, factory, and railroad workers. I am first gen, before that was a thing. So before you make some dumb a-- assumptions like that, maybe contemplate that may be the person you're responding to.

[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.

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.

That you refer to these people as "deadbeats" says more about you than the recipients. And it an ignorant observation given all of the circumstances: rising and ridiculous costs of college now, the fact people have paid every month and not made a dent due to high interest rates (this is a lot of people) . . . not to mention, loans are sometimes the only way for people to get to college and I have zero problem with that (as someone who came from just above the poverty line). And the restructured payment plans and caps on interest are the best parts of Joe's plan - and allow people to do just that.

This enables people not to live under the chokehold of predatory debt and better their lives. I fully support it.

[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.

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.

List to "The Daily" today. That number is about 1 in 5 of those who will benefit were in default. Sorry, the numbers don't support your position.

[Anonymous]

Biden’s administration sucks so bad he is trying to buy votes now.

[Anonymous]

The student loan debt relief package is one of the few instances in which both the WSJ and WAPO agree. They both slammed it today.

WAPO, saying that its was "ill-conceived and misdirected" wrote: "The unemployment rate for people with bachelor’s degrees and higher is just 2 percent. It’s hard to make the case that college graduates are still facing an unprecedented crisis.

The loan-forgiveness decision is even worse. Widely canceling student loan debt is regressive. It takes money from the broader tax base, mostly made up of workers who did not go to college, to subsidize the education debt of people with valuable degrees.

Mr. Biden’s student loan decision will not do enough to help the most vulnerable Americans. It will, however, provide a windfall for those who don’t need it — with American taxpayers footing the bill."

Meanwhile, the WSJ wrote: "This is easily the worst domestic decision of his Presidency and makes chumps of Congress and every American who repaid loans or didn’t go to college...

Democrats said these plans would reduce defaults. They haven’t. Federal student debt has ballooned because many borrowers don’t make enough to cover interest and principal payments, so their balances expand. Student debt has nearly doubled since 2011 to $1.6 trillion, though the number of borrowers has increased by only 18%.

Now Mr. Biden is cutting undergrad payments to a mere 5% of discretionary income. The government will also cover unpaid monthly interest for borrowers so their balances won’t grow even if they aren’t paying a penny. This will mask the cost to taxpayers of the Administration's rolling loan write-off. Student-loan debt won’t appear to swell even as it does. What a fabulous accounting trick."

Add to this the Penn Wharton estimate of a trillion dollar cost posted above and one really doubts the wisdom of this move. Note the administration so far has not given a cost estimate of the package.

[Anonymous]

So taxpayers are going to pay $500 billion to privileged college grads who are deadbeats and apparently failures in their chosen profession. Makes sense.

[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.

Hey you know what? I'm who you are responding to. I'm from the rust belt Midwest, from a family of immigrants, factory, and railroad workers. I am first gen, before that was a thing. So before you make some dumb a-- assumptions like that, maybe contemplate that may be the person you're responding to.

And, I am in the south living in a community of blue collar workers. They are pissed. And, they have every right to be.
They don't want to pay of the loans of people who went to college when they couldn't because they simply couldn't afford it.

[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.

People with student loans were OK with Trump giving the plumbers and truckers and hair dressers PPP loan forgiveness. Now turnabout is fair play.

[Anonymous]

lol

[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.

Hey you know what? I'm who you are responding to. I'm from the rust belt Midwest, from a family of immigrants, factory, and railroad workers. I am first gen, before that was a thing. So before you make some dumb a-- assumptions like that, maybe contemplate that may be the person you're responding to.

And, I am in the south living in a community of blue collar workers. They are pissed. And, they have every right to be.
They don't want to pay of the loans of people who went to college when they couldn't because they simply couldn't afford it.

Maybe they will feel better when R politicians disclose they took student loan forgiveness? Marco Rubio is known for having six figure student loans. Wouldn't be surprised if many of the Republican Yale Law grads take the $10k forgiveness.

[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.

Hey you know what? I'm who you are responding to. I'm from the rust belt Midwest, from a family of immigrants, factory, and railroad workers. I am first gen, before that was a thing. So before you make some dumb a-- assumptions like that, maybe contemplate that may be the person you're responding to.

And, I am in the south living in a community of blue collar workers. They are pissed. And, they have every right to be.
They don't want to pay of the loans of people who went to college when they couldn't because they simply couldn't afford it.

The people who won’t have loan payments can hire plumbers, go to hairdressers, buy shit delivered by the truckers, etc. Any business that sells products and services to individuals are better off when individuals have disposable income. This doesn’t increase their taxes. I’m flabbergasted that people who sell goods and services to other people seem to want their customers to be too poor to buy what they are selling.

[Anonymous]

[Anonymous]

Well, I guess Congress won't act to protect it's power of the purse. What goes around comes around. Democrats will regret this.