But they aren’t. If sky high compensation for CEOs isn’t inflationary then neither is debt forgiveness for middle class people. |
Sweetie, that’s not how it works. THAT’S NOT HOW ANY OF THIS WORKS. Side note: I don’t begrudge people forgiven loans, but I do begrudge the system that is not addressed and ultimately made worse by that forgiveness. |
You keep using that word. I do not think it means what you think it means |
I don’t understand how that is legal. If a borrow takes a loan out with terms for forgiveness, and the borrower meets those terms - HOW THE F WERE THOSE TERMS NOT HONORED?!?!? how is that legal? That’s my beef with the student loan debacle. How can those loans be sold without the terms of the loan being known? It infuriates me. |
Yep. The outrageous gouging by colleges is spent by the sloppy administrators and competes for goods and services above and beyond their production. Then money that would have been spent to pay back the loans is printed and covers the loan . Then the borrowers have much more money to buy and compete for goods and services. No additional goods and services … more dollars slushing around Multiply this by a million other government money printing schemes and giveaways. |
What, in the video, is false? |
But it isn't. These people have more than paid the basis and years of interest. The problem is not the former student. |
Inflation is already down. The prices are high because capitalism. Prices are not dropping to pre-COVID levels unless you expect Trump, as a dictator, to mandate it. |
1) these people have already paid the basis and a lot of interest back, watch the John Oliver video. 2) most of these people are your nursing home practitioners and teachers, of which, we still have massive shortages. |
No, my family made money through work, and so have I. We worked just as hard as Trump and Elon. The difference is, we understand our privilege and want to help others. Not hoard it for ourselves. |
These loans are not to send people to ivy league schools, and many of them went to places like Strayer and Trump University. |
The inflation was global, not limited to the US, and was a result of COVID and the supply chain breaking. Inflation in the US was bad, but better than anywhere else, and the recovery in the US has been better than anywhere else. Trump, with the tariffs and tax cuts, is going to spike inflation again. |
Had my loans forgiven in 2022 due to PSLF. Thanks, Biden. Also thanks to Trump - loved my $0 qualifying payments during the COVID emergency that counted toward my 120 payments.
Betsy de Vos did everything in her power to block PSLF forgiveness starting in 2017 when the first wave of borrowers were supposed to be forgiven. Barely anyone got PSLF until Biden became POTUS and fixed the forgiveness process. For 3+ years under Betsy de Vos the federal government was welching on the terms of the contract with public service borrowers. Read that correctly: the federal government was in default on its contractual obligations to hundreds of thousands of borrowers. People kept paying their loans for YEARS longer than contractually required because the federal government was refusing to process loan forgiveness as required by the law + the federal government’s servicers had bad record keeping. In fact, those borrowers received checks from the federal government for huge amounts of overpayments (but without any interest). Sadly, I believe the incoming administration will stop processing PSLF forgiveness and purposely gum up the process. It will take years of unnecessary litigation to get it functioning again. All out of spite and disrespect for a bipartisan law that created PSLF. |
One can only hope that we are |
Caveat Emptor |