SCOTUS on Student Loan 9 - 0

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:college is not for everyone. It is a waste of money for many. We should be encouraging trade schools - skill sets like plumbing and carpentry are in high demand.
The expectation that you can borrow money - for anything - and expect that it may be forgiven, for whatever reason, is not a good precedent to set.
Biden’s people put out loan forgiveness for votes, just as he did with stimulus checks in Georgia. It worked.

Hey, as long as your spoiled kids can go to college, right?

Exactly. The wealthy kids get college. The poors get military.

A lot of younger people would benefit from time in the military, learning the value of work and a college education. Learn that not everything in life is a free give-away with no consequences.

+1
I wish there was a one-year mandatory military rule before college for all, like Israel does.

[Anonymous]

What high schools need to do instead of paint a rosey picture of college, is to address the financials and ROI on school choice and degree choice. Don't go study basket weaving at an elite college and expect to make six figures to pay back those student loans.

[Anonymous]

Anonymous wrote:Democrats have abandoned students and labor

Video from source in Eagle Pass shows Border Patrol cutting through razor wire placed by the state of TX to allow migrants to enter & be processed after crossing illegally. @TxDPS tells me this is the first time they know of this happening, and that it’s being looked into for potential destruction of TX property. The federal government’s position is that once migrants are on U.S. soil, under U.S. law, they need to be processed, and cannot be repelled or turned away. Texas is taking a much different approach, and has been physically blocking migrants under orders from governor

https://twitter.com/billmelugin_/status/1674849236448313372?s=46&t=SgrQkBdvvOiR3Ut0ZqcBcA

You left out this part:

"TXDPS tells me the location this video was shot at is private property, and that they have permission from the owner to lay down razor wire and arrest migrants for criminal trespassing. This Border Patrol agent is likely just doing what he’s been told - but this will likely lead to more friction between TX & the Feds, who have drastically different approaches at the border."

Sorry, no one - including migrants - are allowed to trespass on private property.

[Anonymous]

Anonymous wrote:

Anonymous wrote:Remind me to never go to Nebraska, Missouri, Iowa and the other states who brought these BS suits. Oh yeah, who the he!! goes to any of those places anyway?

I REALLY feel sorry for you. You are a horrible person. There are people in the Midwest that care about their neighbors and actually work together for solutions to their problems. It's not an R or D thing. They help out each other regardless of a political belief so that they can survive and make a little money to eek out there very modest lifestyle. You, on the other hand, have never been to the states you mentioned. You must be a privaleged person that grew up on the East Coast and has never travelled to the Midwest.

My parents were farmers from "fly over" country. My dad knew he (nor his parents) could not afford college and didn't attend. However, they took out loans to buy cattle, pigs and chickens. They also took out loans to buy seed to grow corn and soybeans. They also took loans to buy the tractors to keep the operation running. They always paid back their loans and were very proud of it.

Please tell me why their loans should not be forgiven, but yet many are asking my parents to pay for loan forgiveness for those that went to college? It is insane!

You took the loan and signed your name on the paperwork to promise that you would repay the loan. Pay your bill! Why is this an issue?

+100
But you're wasting your time arguing with freeloaders.

[Anonymous]

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Anonymous wrote:Common damn sense. You take out debt, sign a contract agreeing to pay, therefore you pay when the bill comes due. Not sure why this common sense idea needed to go all the way to the SC. No one owes you for taking out debt due to your own free will. The govt can't block lenders from receiving payments in accordance with an agreed upon contract.

Pay your damn bills.

I took out 25k. I’ve repaid over 45k thanks to compounding interest. It’s not my job to prop up the DoE and their vendors.

Take your concerns up with Obama. That all started under his "genius" plan.

Interesting…. because I went to grad school when Bush was president so, I’m not sure what Obama started that impacts me here.

Did you take a private loan?

There was a small portion that was private and those were quickly paid off. The overwhelming majority of my loans were FFELP which if they were still intact would have been already removed from forgiveness last fall.

I’m just pointing out that this pay for what you owe bullsh*t argument ignored compounding annual interest that turned my loan into an 80% interest rate instead of 6.25% I signed on for.

It looks like you paid $200 a month for your $25k loan and are surprised by the total interest. Or perhaps you waited 4 years and then paid $300 a month for about 12 years.

You’re in the ballpark, the monthly payment balance difference is de minimus. I wasn’t surprised. I never said the amount was difficult. They are, and have been, paid and I wasn’t benefiting from any forgiveness.

My point was to the initial poster who said “you pay when the bill comes due”. I did pay my entire loan, plus another $20k. Again, loans backed by the federal government should not be a revenue generator. And so have many people that borrowed a whole lot more than me and have been paying for years and their balances today are higher than their original principal at graduation (or worse when they dropped out and received no corresponding pay increase from their degree).

Hey my crap, there are interest on loans!!!!!


Omg, keep crying. Imagine getting to adulthood and thinking you deserve 0% interest loans for any debt you take out.

Jesus Christ, it is scary people like you are out there and can vote.

JFC, you have reading comprehension problems. No one ever said 0% interest loans.

It’s scary people who can’t understand and extract information from what they read, like you, can vote, but it sure explains a lot about the last decade.

Keep crying.

Pay your own damn bills with interest.

And don't whine about basic finance 101.

How does anyone get to adulthood and suck with this much with money and understanding obligations owed when one takes out debt?

So much whining about being an adult. Grow up.

PP was discussing why student loans shouldn’t have interest. Are you going to engage with that or not? Explain why they should.

Or just spew insults. It’s real gonna convince other people that you have a good point.

Because lending people money costs money.

If I have 100 bucks and put it in a bank, I will make interest. Or I could use it to start a business or anything else that creates money.

If I give it to you, and you pay me back 4 years later, I will lose both the money that I could have made, and the original value due to inflation.

Why does this not apply when the money is used on your education?

Why does the government need to make money off of educating people?

The govt is not a charity. They gave you loans no one else would to get you an education. The govt gets its money back plus a tiny amount of profit used to give more problem loans and to pay all the people running it. The govt also loses money when inflation is higher than the interest rate on your loan. It means you are paying negative interest of inflation is high and you happen to be locked into a lower rate loan.

No one owes you free money to borrow, lol. Absolutely delusional.

Boy, they certainly run as a charity to the top 1%.

You do know the top 1% doesn't... take out loans... right?
DP

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:college is not for everyone. It is a waste of money for many. We should be encouraging trade schools - skill sets like plumbing and carpentry are in high demand.
The expectation that you can borrow money - for anything - and expect that it may be forgiven, for whatever reason, is not a good precedent to set.
Biden’s people put out loan forgiveness for votes, just as he did with stimulus checks in Georgia. It worked.

Hey, as long as your spoiled kids can go to college, right?

Exactly. The wealthy kids get college. The poors get military.

A lot of younger people would benefit from time in the military, learning the value of work and a college education. Learn that not everything in life is a free give-away with no consequences.

+1
I wish there was a one-year mandatory military rule before college for all, like Israel does.

+1 I agree

[Anonymous]

I am about as left-leaning as they come. I received a Pell Grant and still owe $10K on my undergrad loans from 20+ years ago. I was approved for loan forgiveness.

And I am totally ok with this SC decision. Shrugs.

[Anonymous]

Anonymous wrote:

My point was to the initial poster who said “you pay when the bill comes due”. I did pay my entire loan, plus another $20k. Again, loans backed by the federal government should not be a revenue generator. And so have many people that borrowed a whole lot more than me and have been paying for years and their balances today are higher than their original principal at graduation (or worse when they dropped out and received no corresponding pay increase from their degree).

If they were a revenue generator, there wouldn't be a need for the government to forgive the loans. Instead, the government is losing money, because people aren't paying them back.
If anything, the interest rate is too low, and needs to be raised to cover all the money the government will lose from lending to this group that is so likely not to repay.
You say you paid 80% more than principal. There is someone else who didn't repay. On net the government has lost money.

Technically, these loans are supposed to be a revenue generator, as Obama included the changes in Obamacare to make the budget numbers for that look better.

[Anonymous]

Anonymous wrote:

Anonymous wrote:No standing in one case, standing in the other. The merits went as expected.

Our youth are having a bad week - Supreme Court is so out of touch with challenges faced by so many …

But over the last two years, a whole lot of youth would never have been born but for the Supreme Court ruling last year in Dobbs.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Common damn sense. You take out debt, sign a contract agreeing to pay, therefore you pay when the bill comes due. Not sure why this common sense idea needed to go all the way to the SC. No one owes you for taking out debt due to your own free will. The govt can't block lenders from receiving payments in accordance with an agreed upon contract.

Pay your damn bills.

I took out 25k. I’ve repaid over 45k thanks to compounding interest. It’s not my job to prop up the DoE and their vendors.

Take your concerns up with Obama. That all started under his "genius" plan.

Interesting…. because I went to grad school when Bush was president so, I’m not sure what Obama started that impacts me here.

Did you take a private loan?

There was a small portion that was private and those were quickly paid off. The overwhelming majority of my loans were FFELP which if they were still intact would have been already removed from forgiveness last fall.

I’m just pointing out that this pay for what you owe bullsh*t argument ignored compounding annual interest that turned my loan into an 80% interest rate instead of 6.25% I signed on for.

It looks like you paid $200 a month for your $25k loan and are surprised by the total interest. Or perhaps you waited 4 years and then paid $300 a month for about 12 years.

You’re in the ballpark, the monthly payment balance difference is de minimus. I wasn’t surprised. I never said the amount was difficult. They are, and have been, paid and I wasn’t benefiting from any forgiveness.

My point was to the initial poster who said “you pay when the bill comes due”. I did pay my entire loan, plus another $20k. Again, loans backed by the federal government should not be a revenue generator. And so have many people that borrowed a whole lot more than me and have been paying for years and their balances today are higher than their original principal at graduation (or worse when they dropped out and received no corresponding pay increase from their degree).

Hey my crap, there are interest on loans!!!!!


Omg, keep crying. Imagine getting to adulthood and thinking you deserve 0% interest loans for any debt you take out.

Jesus Christ, it is scary people like you are out there and can vote.

JFC, you have reading comprehension problems. No one ever said 0% interest loans.

It’s scary people who can’t understand and extract information from what they read, like you, can vote, but it sure explains a lot about the last decade.

Keep crying.

Pay your own damn bills with interest.

And don't whine about basic finance 101.

How does anyone get to adulthood and suck with this much with money and understanding obligations owed when one takes out debt?

So much whining about being an adult. Grow up.

PP was discussing why student loans shouldn’t have interest. Are you going to engage with that or not? Explain why they should.

Or just spew insults. It’s real gonna convince other people that you have a good point.

Because lending people money costs money.

If I have 100 bucks and put it in a bank, I will make interest. Or I could use it to start a business or anything else that creates money.

If I give it to you, and you pay me back 4 years later, I will lose both the money that I could have made, and the original value due to inflation.

Why does this not apply when the money is used on your education?

Plus you have to cover the costs of those who do not pay back. If the President is judt going to forgive student loans, then it is a money loser, and they should stop giving out student loans.

[Anonymous]

The government needs to publish the loan repayment rates by college, and hold them accountable. Maybe higher interest rates at colleges with higher defaults.

[Anonymous]

Anonymous wrote:The government needs to publish the loan repayment rates by college, and hold them accountable. Maybe higher interest rates at colleges with higher defaults.

That wouldn't work because labor market outcomes pattern race and sex, causing universities who serve certain historically disadvantaged groups (i.e. HBCUs) having higher interest rates for said groups.

[Anonymous]

Anonymous wrote:

Anonymous wrote:But at least those unregulated PPP loans were forgiven, right guys? I'm so sick of living in this corrupt country. Heads you lose, tails you lose.

The PPP loans weren't loans, they were free money during a once-a-century nationwide epidemic. And fraud is being tracked and prosecuted.

I guess you would have preferred no PPP loans and businesses going bankrupt while people stayed home?

“PPP Loans weren’t loans” - come again ?

[Anonymous]

Anonymous wrote:For those extolling the Affirmative Action case because it was a popular decision...

Interesting. Twitter is blocking people from viewing Tweets on their site, but not blocking embeds.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:But at least those unregulated PPP loans were forgiven, right guys? I'm so sick of living in this corrupt country. Heads you lose, tails you lose.

The PPP loans weren't loans, they were free money during a once-a-century nationwide epidemic. And fraud is being tracked and prosecuted.

I guess you would have preferred no PPP loans and businesses going bankrupt while people stayed home?

“PPP Loans weren’t loans” - come again ?

They were designed to be forgiven for anyone who met basic requirements. The "Loan" part was a bookkeeping gimmick and a way to claw back money from violators.