Trump will rollback student loan forgiveness

[Anonymous]

I am interested in home mortgage forgiveness. I have already paid more than the initial loan amount. The interest will have me paying another 15 years!

[Anonymous]

Good . I paid off mine like a sucker.

Lots of Americans - most in fact - didn’t go to college and shouldn’t be responsible for the ones who did. It’s a wealth transfer from the poor to the rich as most people with degrees have better paying jobs.

[Anonymous]

Anonymous wrote:Gotta try to pay for the tax cuts for corporations and rich people.

What problem does student loan forgiveness solve?

Nothing. It does absolutely zero to address the root cause(s) of student loan debt. It is just a free cash handout, and guess what happens five years from now? The same problem crops up again, and even potentially worse than before.

Biden tried to backdoor in mass student loan forgivess by making it so that people pay virtually nothing per month, then make it go all away in 10 years with consistent 'payments'.

Pay your bills and be an adult.

[Anonymous]

Yeah but aren’t they also talking about reneging on loans taken out with forgiveness for public service?
There are people who made a deal to, teach, nurse, do social work for an agreed upon number of years, in exchange for loan forgiveness.
The government shouldn’t be allowed to break those deals.

[Anonymous]

Anonymous wrote:

Anonymous wrote:Gotta try to pay for the tax cuts for corporations and rich people.

What problem does student loan forgiveness solve?

Nothing. It does absolutely zero to address the root cause(s) of student loan debt. It is just a free cash handout, and guess what happens five years from now? The same problem crops up again, and even potentially worse than before.

Biden tried to backdoor in mass student loan forgivess by making it so that people pay virtually nothing per month, then make it go all away in 10 years with consistent 'payments'.

Pay your bills and be an adult.

It just helps people not be under crushing debt for education, which is free in most civilized countries. But it's easy to hate on the little guy right? Did the the rich who got PPP loans pay them back like adults?

[Anonymous]

Anonymous wrote:Yeah but aren’t they also talking about reneging on loans taken out with forgiveness for public service?
There are people who made a deal to, teach, nurse, do social work for an agreed upon number of years, in exchange for loan forgiveness.
The government shouldn’t be allowed to break those deals.

I doubt that will be legal.

[Anonymous]

Expensive private college tuition should only be for rich people.

And if your local four year public college or university is too expensive for you, then starting your college career at a community college is a great option.

Whatever debate there needs to be about college costs should happen at the state and local level in terms of taxes to support higher education.

People need to start learning to be more realistic and pragmatic about their choices.

There is no rational reason for American taxpayers to pay 100% of your cost to a college that has tuition higher than median household income just because it was your dream.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Gotta try to pay for the tax cuts for corporations and rich people.

What problem does student loan forgiveness solve?

Nothing. It does absolutely zero to address the root cause(s) of student loan debt. It is just a free cash handout, and guess what happens five years from now? The same problem crops up again, and even potentially worse than before.

Biden tried to backdoor in mass student loan forgivess by making it so that people pay virtually nothing per month, then make it go all away in 10 years with consistent 'payments'.

Pay your bills and be an adult.

It just helps people not be under crushing debt for education, which is free in most civilized countries. But it's easy to hate on the little guy right? Did the the rich who got PPP loans pay them back like adults?

Cope.

I graduated with $80k in debt. I paid it all off by sacrificing my consumption. I used all of bonuses, tax returns, and income to pay it off. I delayed owning a home, wore old clothes, didn't travel, and didn't buy new cars.

Get a second job and live with minimalism.

You're not solving the problem with forgiveness, because the same problem will happen again in only s few years. In fact, you make the problem worse since colleges now have even more incentive to raise prices faster since they can now always expect the govt to keep bailing out borrowers with forgiveness. Ridiculously stupid.

Who held the gun to your head when you signed the dotted line? You can also make your life better by picking up a trade which requires no college debt and can earn 6 figures. The woe is me I'm just trying to better myself sob stories are cringe. Most Americans don't have college degrees, so why should they pay for your$?

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Gotta try to pay for the tax cuts for corporations and rich people.

What problem does student loan forgiveness solve?

Nothing. It does absolutely zero to address the root cause(s) of student loan debt. It is just a free cash handout, and guess what happens five years from now? The same problem crops up again, and even potentially worse than before.

Biden tried to backdoor in mass student loan forgivess by making it so that people pay virtually nothing per month, then make it go all away in 10 years with consistent 'payments'.

Pay your bills and be an adult.

It just helps people not be under crushing debt for education, which is free in most civilized countries. But it's easy to hate on the little guy right? Did the the rich who got PPP loans pay them back like adults?

Cope.

I graduated with $80k in debt. I paid it all off by sacrificing my consumption. I used all of bonuses, tax returns, and income to pay it off. I delayed owning a home, wore old clothes, didn't travel, and didn't buy new cars.

Get a second job and live with minimalism.

You're not solving the problem with forgiveness, because the same problem will happen again in only s few years. In fact, you make the problem worse since colleges now have even more incentive to raise prices faster since they can now always expect the govt to keep bailing out borrowers with forgiveness. Ridiculously stupid.

Who held the gun to your head when you signed the dotted line? You can also make your life better by picking up a trade which requires no college debt and can earn 6 figures. The woe is me I'm just trying to better myself sob stories are cringe. Most Americans don't have college degrees, so why should they pay for your$?

LOL. I never had student loans, Maga. But I an not an idiot like you to do the obscenely rich's bidding in hope of crumbs. Lick those boots harder.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Gotta try to pay for the tax cuts for corporations and rich people.

What problem does student loan forgiveness solve?

Nothing. It does absolutely zero to address the root cause(s) of student loan debt. It is just a free cash handout, and guess what happens five years from now? The same problem crops up again, and even potentially worse than before.

Biden tried to backdoor in mass student loan forgivess by making it so that people pay virtually nothing per month, then make it go all away in 10 years with consistent 'payments'.

Pay your bills and be an adult.

It just helps people not be under crushing debt for education, which is free in most civilized countries. But it's easy to hate on the little guy right? Did the the rich who got PPP loans pay them back like adults?

Cope.

I graduated with $80k in debt. I paid it all off by sacrificing my consumption. I used all of bonuses, tax returns, and income to pay it off. I delayed owning a home, wore old clothes, didn't travel, and didn't buy new cars.

Get a second job and live with minimalism.

You're not solving the problem with forgiveness, because the same problem will happen again in only s few years. In fact, you make the problem worse since colleges now have even more incentive to raise prices faster since they can now always expect the govt to keep bailing out borrowers with forgiveness. Ridiculously stupid.

Who held the gun to your head when you signed the dotted line? You can also make your life better by picking up a trade which requires no college debt and can earn 6 figures. The woe is me I'm just trying to better myself sob stories are cringe. Most Americans don't have college degrees, so why should they pay for your$?

LOL. I never had student loans, Maga. But I an not an idiot like you to do the obscenely rich's bidding in hope of crumbs. Lick those boots harder.

So you didn’t need student loans, but are pretending you aren’t privileged/rich? Making fun of boot licking, when it’s obvious you are blessed with the largesse of someone previously in your family licking boots.

[Anonymous]

Anonymous wrote:

Anonymous wrote:This is good for helping stop inflation and restoring the value of the dollar. Cutting off 100 percent of benefits to illegals including schooling, free hospital care (make them pay or go to prison and then expelled after hospital release), food credits, shelter, payments of any kind.

Stop the handouts and inflation drops quickly. We need de-flation to reset to 2021 prices .

Look here guys! Another MAGA posting in favor of DEFLATION. FML these people will truly be the death of us..

It’s not deflation to pick up where hyperinflation started. Still highly inflated.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Gotta try to pay for the tax cuts for corporations and rich people.

What problem does student loan forgiveness solve?

Nothing. It does absolutely zero to address the root cause(s) of student loan debt. It is just a free cash handout, and guess what happens five years from now? The same problem crops up again, and even potentially worse than before.

Biden tried to backdoor in mass student loan forgivess by making it so that people pay virtually nothing per month, then make it go all away in 10 years with consistent 'payments'.

Pay your bills and be an adult.

It just helps people not be under crushing debt for education, which is free in most civilized countries. But it's easy to hate on the little guy right? Did the the rich who got PPP loans pay them back like adults?

Cope.

I graduated with $80k in debt. I paid it all off by sacrificing my consumption. I used all of bonuses, tax returns, and income to pay it off. I delayed owning a home, wore old clothes, didn't travel, and didn't buy new cars.

Get a second job and live with minimalism.

You're not solving the problem with forgiveness, because the same problem will happen again in only s few years. In fact, you make the problem worse since colleges now have even more incentive to raise prices faster since they can now always expect the govt to keep bailing out borrowers with forgiveness. Ridiculously stupid.

Who held the gun to your head when you signed the dotted line? You can also make your life better by picking up a trade which requires no college debt and can earn 6 figures. The woe is me I'm just trying to better myself sob stories are cringe. Most Americans don't have college degrees, so why should they pay for your$?

PSLF is still on the books. If you didn’t go into public service, you wouldn’t qualify.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:This is good for helping stop inflation and restoring the value of the dollar. Cutting off 100 percent of benefits to illegals including schooling, free hospital care (make them pay or go to prison and then expelled after hospital release), food credits, shelter, payments of any kind.

Stop the handouts and inflation drops quickly. We need de-flation to reset to 2021 prices .

Look here guys! Another MAGA posting in favor of DEFLATION. FML these people will truly be the death of us..

It’s not deflation to pick up where hyperinflation started. Still highly inflated.

Trump isn’t going to roll back the clock on inflation. He’s going to add 25% tariffs to products we need, like Canadian oil for gasoline and produce from Mexico.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Gotta try to pay for the tax cuts for corporations and rich people.

What problem does student loan forgiveness solve?

Nothing. It does absolutely zero to address the root cause(s) of student loan debt. It is just a free cash handout, and guess what happens five years from now? The same problem crops up again, and even potentially worse than before.

Biden tried to backdoor in mass student loan forgivess by making it so that people pay virtually nothing per month, then make it go all away in 10 years with consistent 'payments'.

Pay your bills and be an adult.

It just helps people not be under crushing debt for education, which is free in most civilized countries. But it's easy to hate on the little guy right? Did the the rich who got PPP loans pay them back like adults?

Cope.

I graduated with $80k in debt. I paid it all off by sacrificing my consumption. I used all of bonuses, tax returns, and income to pay it off. I delayed owning a home, wore old clothes, didn't travel, and didn't buy new cars.

Get a second job and live with minimalism.

You're not solving the problem with forgiveness, because the same problem will happen again in only s few years. In fact, you make the problem worse since colleges now have even more incentive to raise prices faster since they can now always expect the govt to keep bailing out borrowers with forgiveness. Ridiculously stupid.

Who held the gun to your head when you signed the dotted line? You can also make your life better by picking up a trade which requires no college debt and can earn 6 figures. The woe is me I'm just trying to better myself sob stories are cringe. Most Americans don't have college degrees, so why should they pay for your$?

Forgiven loans are highly inflationary and a tax on everybody through inflation

[Anonymous]

Anonymous wrote:

Anonymous wrote:Yeah but aren’t they also talking about reneging on loans taken out with forgiveness for public service?
There are people who made a deal to, teach, nurse, do social work for an agreed upon number of years, in exchange for loan forgiveness.
The government shouldn’t be allowed to break those deals.

I doubt that will be legal.

I’m one of those who had loans forgiven for public service. I also paid them for 20 years on time before getting a position with public service forgiveness. I don’t understand people’s outrage. I paid them on time each month for 20 years and under the original terms of the loan they were to be forgiven after 20 years of on time payments. It isn’t my fault that the loan servicing companies didn’t have the technology to track loan history once loans were bought and sold.