Sen. Chuck Schumer and Sen. Liz Warren just proposed forgiving $50,000 in student debt

[Anonymous]

I have taken out a mortgage that has saddled and constricted my finances for 30 years. If I vote for Biden, will the democrats pay off my mortgage, too?

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:How does having student loan debt mean I made a bad choice? I was able to get a great job with my Master’s degree. Not a bad choice at all. I was the first person to graduate high school in my family. I was able to go to college and graduate school with loans. I fail to see the bad choice I made other than being born to parents who were poor and didn’t finish high school.

Congratulations, that debt helped you better yourself. Now say thanks for the opportunity and pay it back.

If only college (or your parents) had helped you developed empathy. You should consider suing.

They taught me responsibility and living up to my obligations. You had to sign many papers stating the terms and repayment options before you got the money, it’s a contract, sorry you never learned that your promises mean something

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:How does having student loan debt mean I made a bad choice? I was able to get a great job with my Master’s degree. Not a bad choice at all. I was the first person to graduate high school in my family. I was able to go to college and graduate school with loans. I fail to see the bad choice I made other than being born to parents who were poor and didn’t finish high school.

Congratulations, that debt helped you better yourself. Now say thanks for the opportunity and pay it back.

If only college (or your parents) had helped you developed empathy. You should consider suing.

They taught me responsibility and living up to my obligations. You had to sign many papers stating the terms and repayment options before you got the money, it’s a contract, sorry you never learned that your promises mean something

Well you can be President and weaseling out of your bills. So please square that circle for the rest of us.

[Anonymous]

The Fed just printed trillions to bailout big business and bankers, time to bailout mainstreet. This federal load forgiveness costs $800bn-900bn. Half the Fed issued student loans are under $20k. Trump should sign it.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:How does having student loan debt mean I made a bad choice? I was able to get a great job with my Master’s degree. Not a bad choice at all. I was the first person to graduate high school in my family. I was able to go to college and graduate school with loans. I fail to see the bad choice I made other than being born to parents who were poor and didn’t finish high school.

Congratulations, that debt helped you better yourself. Now say thanks for the opportunity and pay it back.

If only college (or your parents) had helped you developed empathy. You should consider suing.

They taught me responsibility and living up to my obligations. You had to sign many papers stating the terms and repayment options before you got the money, it’s a contract, sorry you never learned that your promises mean something

DP. I don’t think the typical 17-18 yo is mature enough to make that promise honestly. Could a kid that age get a mortgage, car or other loan? Unlikely, and there’s a reason for that. The lucky ones have parents to help reign them in and help them through it, but so many don’t.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:How does having student loan debt mean I made a bad choice? I was able to get a great job with my Master’s degree. Not a bad choice at all. I was the first person to graduate high school in my family. I was able to go to college and graduate school with loans. I fail to see the bad choice I made other than being born to parents who were poor and didn’t finish high school.

Congratulations, that debt helped you better yourself. Now say thanks for the opportunity and pay it back.

If only college (or your parents) had helped you developed empathy. You should consider suing.

They taught me responsibility and living up to my obligations. You had to sign many papers stating the terms and repayment options before you got the money, it’s a contract, sorry you never learned that your promises mean something

So, you agreed that they failed to give you a moral code! Sue at once with your selfish self.

[Anonymous]

Anonymous wrote:I have taken out a mortgage that has saddled and constricted my finances for 30 years. If I vote for Biden, will the democrats pay off my mortgage, too?

No, but they might remove the caps on mortgage deductions.

[Anonymous]

NP. I would support a program that gives some student loan assistance or even forgiveness to SOME people. Like those who never should have started college at all, or those who elect to do valuable but lower paid jobs (teachers, etc), but not those who could and did make "feel good" choices. By that I mean people who went to expensive LACs, majored in something fluffy, and now "work" as activists or other similar fluffy/feel good jobs (or don't actually work, by choice). I ALSO mean people who have advanced degrees and GREAT jobs and lifestyles who have just chosen to take their time paying back their loans (for example, law firm partners with two homes, lovely vacations, fancy cars, terrific paid help).

I understand that would require a program that would be expensive to run because it requires analysis. I just think we cannot continue to give money away -- to anyone -- it doesn't teach people to make good decisions and be accountable for the consequences.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:How does having student loan debt mean I made a bad choice? I was able to get a great job with my Master’s degree. Not a bad choice at all. I was the first person to graduate high school in my family. I was able to go to college and graduate school with loans. I fail to see the bad choice I made other than being born to parents who were poor and didn’t finish high school.

Congratulations, that debt helped you better yourself. Now say thanks for the opportunity and pay it back.

If only college (or your parents) had helped you developed empathy. You should consider suing.

They taught me responsibility and living up to my obligations. You had to sign many papers stating the terms and repayment options before you got the money, it’s a contract, sorry you never learned that your promises mean something

lol. Every multinational and bank just got a bailout windfall from the fed & you wanna harp on that bootstrap bullshit. Take a hike pal.

[Anonymous]

If they make it an even $3 trillion, they could include this resolution. Why not?

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:How does having student loan debt mean I made a bad choice? I was able to get a great job with my Master’s degree. Not a bad choice at all. I was the first person to graduate high school in my family. I was able to go to college and graduate school with loans. I fail to see the bad choice I made other than being born to parents who were poor and didn’t finish high school.

Congratulations, that debt helped you better yourself. Now say thanks for the opportunity and pay it back.

If only college (or your parents) had helped you developed empathy. You should consider suing.

They taught me responsibility and living up to my obligations. You had to sign many papers stating the terms and repayment options before you got the money, it’s a contract, sorry you never learned that your promises mean something

Sometimes the rules change. If the government wants to forgive, it’s fine with me

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:You punish every responsible borrower who paid off their own loans. Someone explain to me how this isn't the ultimate moral hazard. Why not include a 10-year look-back period with phased deductions for student debt already paid off in the past?

Where do you draw the line? Why 10 years? What about the people who paid there's off 10 years and 6 months ago? 11 years? 20 years? Do you see how stupid that is?

You have to draw the line somewhere and 10 years would take the sting out of it for a lot of people.

Or we could just draw the line at now, and not waste money paying people who clearly were able to make it work. And those people could suck it up and think about the country as a whole, and not just themselves.

You have got to be kidding me.

What about all of the people who want a handout? Are they sucking it up and thinking of the country as a whole? Not for one.single.moment. Go work two or three jobs and defer some gratification on your electronics and high end coffees. Live BELOW your means and pay your damn debts. That is what's good for this country.

I am so so so tired of this paradigm that we have to always be paying for someone else's stupid/misinformed/uninformed/willful choices.

[Anonymous]

No free stuff.

At a bare minimum, service to your country should be required. It could be in the form of 1000 hours or more of volunteer work on the weekends and evenings.

[Anonymous]

Anonymous wrote:
They taught me responsibility and living up to my obligations. You had to sign many papers stating the terms and repayment options before you got the money, it’s a contract, sorry you never learned that your promises mean something

Why is congress bailing out all these corps with trillions in free Fed money? MBA and JD airline execs don't have to "live up to their obligations," but 17- and 18-yo teens who sign a electronic college loan MUST become terminal debt slaves?

[Anonymous]

Google execs acknowledge student loan usury is stunting their employees' marriage and home ownership rates, giving at least $2,500/each to pay off student debt.

"...allowing them to save money to use in purchasing a new home, starting a family, or investing in a 401(k).”

https://www.marketwatch.com/story/google-will-cover-2-500-of-employees-student-loan-debt-11600971156