What is going on with student loans?

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:These Twitter whiners do not speak for all borrowers. I’m concerned they’re going to ruin it for the rest of us and make student loans stop being issued or something. I am so glad I had access to these federal loans at relatively low interest rates (certainly compared to private loans) and will gladly pay them off soon.

This is likely the end game for Republicans. If they can get rid of low-cost, federally backed student loans, it would cause a huge disruption in higher education for low and middle class families. Private loans and capitalism would get a boost and many high school graduates would opt out of pursuing higher education.

What "low cost"?

Have you seen interest rates?

For students currently in college, student loan interest rates are low.

And who gets to make up the difference?

What?

The difference between the prevailing rate and the rate on the student loan as the securities (treasuries) backing up the loan roll over to the next interest rate?

Taxpayers, mostly high income taxpayers. Btw everyone benefits from having an educated workforce that isn't relying on public assistance.

Why can’t this educated workforce pay back their loans?

[Anonymous]

Why can’t millionaires pay back their PPP loans without government assistance (paid for by Taxpayers).

[Anonymous]

Anonymous wrote:Why can’t millionaires pay back their PPP loans without government assistance (paid for by Taxpayers).

That was passed by Congress, try again.

[Anonymous]

Anonymous wrote:

Anonymous wrote:Why can’t millionaires pay back their PPP loans without government assistance (paid for by Taxpayers).

That was passed by Congress, try again.

So was the HEROES Act.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Why can’t millionaires pay back their PPP loans without government assistance (paid for by Taxpayers).

That was passed by Congress, try again.

So was the HEROES Act.

Right. Congress passed the HEROES Act for actual heroes-not for every person who took out college loans.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:These Twitter whiners do not speak for all borrowers. I’m concerned they’re going to ruin it for the rest of us and make student loans stop being issued or something. I am so glad I had access to these federal loans at relatively low interest rates (certainly compared to private loans) and will gladly pay them off soon.

This is likely the end game for Republicans. If they can get rid of low-cost, federally backed student loans, it would cause a huge disruption in higher education for low and middle class families. Private loans and capitalism would get a boost and many high school graduates would opt out of pursuing higher education.

What "low cost"?

Have you seen interest rates?

For students currently in college, student loan interest rates are low.

And who gets to make up the difference?

What?

The difference between the prevailing rate and the rate on the student loan as the securities (treasuries) backing up the loan roll over to the next interest rate?

Taxpayers, mostly high income taxpayers. Btw everyone benefits from having an educated workforce that isn't relying on public assistance.

All taxpayers pay for it. BTW, in times past, education wasn't ridiculously expensive until you decided to have govt pay more and more of it. Then the schools jacked up prices because...wait for it....they could. Your tbeiries when practiced in the real world screw everyone.

I do not see why laborers, plumbers, truck drivers, and others should pay for complete strangers to go to school after 18. They have their own lives and families to support.

And there are many with college degrees serving dinner in restaurants. Don't gimme that schtick about a more educated workforce with high debt loads and worthless degrees being pushed by the "education establishment". It has become a idoctrination scam (wasn't always but it sure is now).

That time was prior to WWII and unsurprisingly, very very few people went to college.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Why can’t millionaires pay back their PPP loans without government assistance (paid for by Taxpayers).

That was passed by Congress, try again.

So was the HEROES Act.

Right. Congress passed the HEROES Act for actual heroes-not for every person who took out college loans.

The law is written broadly. I get you don't like that, but that's the law.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Why can’t millionaires pay back their PPP loans without government assistance (paid for by Taxpayers).

That was passed by Congress, try again.

So was the HEROES Act.

Right. Congress passed the HEROES Act for actual heroes-not for every person who took out college loans.

The law is written broadly. I get you don't like that, but that's the law.

Clearly not clear enough since the SC spent a whole day discussing it

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Why can’t millionaires pay back their PPP loans without government assistance (paid for by Taxpayers).

That was passed by Congress, try again.

So was the HEROES Act.

Right. Congress passed the HEROES Act for actual heroes-not for every person who took out college loans.

The law is written broadly. I get you don't like that, but that's the law.

Clearly not clear enough since the SC spent a whole day discussing it

It is quite clear, but the current SCOTUS has recently invented the major questions doctrine where Congress isn't allowed to make broad delegations. Its no where in the actual constitution. They just made it up.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Why can’t millionaires pay back their PPP loans without government assistance (paid for by Taxpayers).

That was passed by Congress, try again.

So was the HEROES Act.

Right. Congress passed the HEROES Act for actual heroes-not for every person who took out college loans.

The law is written broadly. I get you don't like that, but that's the law.

Clearly not clear enough since the SC spent a whole day discussing it

It is quite clear, but the current SCOTUS has recently invented the major questions doctrine where Congress isn't allowed to make broad delegations. Its no where in the actual constitution. They just made it up.

I guess? By your logic, SCOTUS invented "judicial review" in Marbury v. Madison too.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Why can’t millionaires pay back their PPP loans without government assistance (paid for by Taxpayers).

That was passed by Congress, try again.

So was the HEROES Act.

Right. Congress passed the HEROES Act for actual heroes-not for every person who took out college loans.

The law is written broadly. I get you don't like that, but that's the law.

Clearly not clear enough since the SC spent a whole day discussing it

It is quite clear, but the current SCOTUS has recently invented the major questions doctrine where Congress isn't allowed to make broad delegations. Its no where in the actual constitution. They just made it up.

Didn't Pelosi say the same thing that conservative justices were saying during this hearing?

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Why can’t millionaires pay back their PPP loans without government assistance (paid for by Taxpayers).

That was passed by Congress, try again.

So was the HEROES Act.

Right. Congress passed the HEROES Act for actual heroes-not for every person who took out college loans.

Your interpretation is trash!

[Anonymous]

Why not focus on letting student loan holders declare bankruptcy?

This would be more palatable to the people such as myself.

It's not fair to expect taxpayers to fund loan forgiveness.

It would be a win-win all around.

[Anonymous]

Anonymous wrote:Why not focus on letting student loan holders declare bankruptcy?

This would be more palatable to the people such as myself.

It's not fair to expect taxpayers to fund loan forgiveness.

It would be a win-win all around.

I agree. Let people declare bankruptcy after 20 years post-graduation.

[Anonymous]

Anonymous wrote:

Anonymous wrote:Why not focus on letting student loan holders declare bankruptcy?

This would be more palatable to the people such as myself.

It's not fair to expect taxpayers to fund loan forgiveness.

It would be a win-win all around.

I agree. Let people declare bankruptcy after 20 years post-graduation.

If it’s taking you 20 years to pay off student loans…