SCOTUS on Student Loan 9 - 0

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Anything which turns younger people away from the GOP is fine with me. Keep on going Supreme Court and MAGA governors.

Sounds like you think freebies are the way to attract young voters?

I think young people are less likely to be duped by the vote buying tactics that have become such a big part of the political strategies of the Republican and Democratic parties.

Either way, there is nothing that the Republican Party has to offer them.

It is not about what they offer. I voted for Democrats most of my life (but I am very young). I cannot wrap my head why anyone believed that this will pass through. It makes me questioning the intelligence of young Democrats who are protesting near Supreme Court and demanding to pay their school loan. If they ever get smarter, next election they will vote Republican.

Why would they vote Republican? The party that takes away women’s rights and uses billionaire $$ to control the courts.

[Anonymous]

“ will announce new actions to protect student loan borrowers “

How is this protecting loan borrowers who took out the loans willingly? Is paying your debt back something new? Can he protect me against my mortgage?

He takes no stance on the interest rate of these loans. Smart people know the problem lies in the interest and that’s why the smart ones pay the loans. The idiots who don’t understand simple economics are crying foul. Seriously get with the program! Understand the realities of money, interest and make better decisions. We don’t live in a socialist country. You are responsible for your debt!

[Anonymous]

Anonymous wrote:I’m confused about this recent tweet by former New York State Senator Alessandra Biaggi:

In 2012, I graduated from Fordham Law School with $180,000 is student loan debt.

I’ve been paying loans for 11 years. Even paid two of them off completely.

In 2023, my balance is $206,000.

Forgive my ignorance, but how is this possible, especially if she has been paying (without interruption , I assume) for 11 years and has paid two off completely? Is nothing going toward the principle? Did she go through a loan shark? I don’t understand this.

Because people are dumb, take out $180k in debt, and don't do 5 minutes of hw learning about the concept of loan amortization.

[Anonymous]

Anonymous wrote:I’m confused about this recent tweet by former New York State Senator Alessandra Biaggi:

In 2012, I graduated from Fordham Law School with $180,000 is student loan debt.

I’ve been paying loans for 11 years. Even paid two of them off completely.

In 2023, my balance is $206,000.

Forgive my ignorance, but how is this possible, especially if she has been paying (without interruption , I assume) for 11 years and has paid two off completely? Is nothing going toward the principle? Did she go through a loan shark? I don’t understand this.

Clearly she’s an idiot. With a law degree from Fordham, I’m sure she should be able to figure out how much she needs to pay monthly to reduce the balance. And she can’t cry poor because she lives in a $1M house. She’s choosing to make minimum payments and let the debt rise so she can spend her money on other things. She’s literally making an argument against debt forgiveness because her problem is irresponsibility and no one wants to give irresponsible people money.

[Anonymous]

Anonymous wrote:

Anonymous wrote:I’m confused about this recent tweet by former New York State Senator Alessandra Biaggi:

In 2012, I graduated from Fordham Law School with $180,000 is student loan debt.

I’ve been paying loans for 11 years. Even paid two of them off completely.

In 2023, my balance is $206,000.

Forgive my ignorance, but how is this possible, especially if she has been paying (without interruption , I assume) for 11 years and has paid two off completely? Is nothing going toward the principle? Did she go through a loan shark? I don’t understand this.

Because people are dumb, take out $180k in debt, and don't do 5 minutes of hw learning about the concept of loan amortization.

So the payments don’t include principle + interest?

[Anonymous]

Oh god people. No wonder there’s a financial literacy crisis in this country. FYI social media is not a good source.

Ps know your terms ie when interest starts adding up. Grad loans, interest starts the day the loan was taken even though you’re a student! And yes when you first start, you need to understand that you need to “catch up” on all that accumulated interest. Sounds ass backwards right? The more you look into this bs, the more realize that the system is screwed up and no one time forgiveness will make a difference, this is a trillion dollar + problem.

[Anonymous]

Anonymous wrote:

Anonymous wrote:I’m confused about this recent tweet by former New York State Senator Alessandra Biaggi:

In 2012, I graduated from Fordham Law School with $180,000 is student loan debt.

I’ve been paying loans for 11 years. Even paid two of them off completely.

In 2023, my balance is $206,000.

Forgive my ignorance, but how is this possible, especially if she has been paying (without interruption , I assume) for 11 years and has paid two off completely? Is nothing going toward the principle? Did she go through a loan shark? I don’t understand this.

Clearly she’s an idiot. With a law degree from Fordham, I’m sure she should be able to figure out how much she needs to pay monthly to reduce the balance. And she can’t cry poor because she lives in a $1M house. She’s choosing to make minimum payments and let the debt rise so she can spend her money on other things. She’s literally making an argument against debt forgiveness because her problem is irresponsibility and no one wants to give irresponsible people money.

+1 exactly

[Anonymous]

I don’t have a horse in this race yet but I cannot help but notice how socialist the US is becoming. Covid showed how it’s possible to get essentially free money (rent forgiveness, increased unemployment, PPP loans, stimulus money, etc). Student loans were kind of on the bandwagon and now the democrats just can’t let it go because it is part of their promise. It makes me think I should just teach my kid to pay the minimum and wait for an opportune moment for his loans to be forgiven. I do sense that some kind of forgiveness is coming for sure, maybe not for everyone and for the full amounts but some.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Anything which turns younger people away from the GOP is fine with me. Keep on going Supreme Court and MAGA governors.

Sounds like you think freebies are the way to attract young voters?

Like the "freebies" given to Republican members of Congress?
https://www.nbcnews.com/politics/white-house/white-house-shines-light-republicans-are-criticizing-student-debt-canc-rcna44904
"Reps. Vern Buchanan of Florida, Marjorie Taylor Greene of Georgia, Mike Kelly of Pennsylvania, and Markwayne Mullin and Kevin Hern of Oklahoma — who it said had six- and seven-figure PPP loans forgiven as part of a federal program intended to help those harmed by the coronavirus."

Under Biden's student debt plan, borrowers who earn less than $125,000 a year, or $250,000 for couples who file taxes jointly, will be eligible for up to $10,000 in debt cancellation.

I've seen lots of young people who are livid, because they thought that 10k out of their 100k they owe in loans might be forgiven and might help them save enough money to eventually get a house downpayment.

Keep on helping GOP congress critters and forgiving their SIX TO SeVEN FIGURE loans and see how that works out. I mean, there's enough money Mike Kelly (R) had 987k in loans forgiven. That sum could have helped *987* younger Americans who make under 150k a year.

But, no, you just want the money for republicans and for the wealthy. We understand perfectly.

Those PPP loans were designed to be forgiven. Student loans not so much.

So already rich Congress critters (or well off people) get forgiven PPP loans in the seven figures, but we don't have enough money as a country to give struggling newish graduates a break with 10? Ok.

I so agree with this. I don't understand where the outrage was as the wealthy got their PPP loans forgiven???

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Anything which turns younger people away from the GOP is fine with me. Keep on going Supreme Court and MAGA governors.

Sounds like you think freebies are the way to attract young voters?

Like the "freebies" given to Republican members of Congress?
https://www.nbcnews.com/politics/white-house/white-house-shines-light-republicans-are-criticizing-student-debt-canc-rcna44904
"Reps. Vern Buchanan of Florida, Marjorie Taylor Greene of Georgia, Mike Kelly of Pennsylvania, and Markwayne Mullin and Kevin Hern of Oklahoma — who it said had six- and seven-figure PPP loans forgiven as part of a federal program intended to help those harmed by the coronavirus."

Under Biden's student debt plan, borrowers who earn less than $125,000 a year, or $250,000 for couples who file taxes jointly, will be eligible for up to $10,000 in debt cancellation.

I've seen lots of young people who are livid, because they thought that 10k out of their 100k they owe in loans might be forgiven and might help them save enough money to eventually get a house downpayment.

Keep on helping GOP congress critters and forgiving their SIX TO SeVEN FIGURE loans and see how that works out. I mean, there's enough money Mike Kelly (R) had 987k in loans forgiven. That sum could have helped *987* younger Americans who make under 150k a year.

But, no, you just want the money for republicans and for the wealthy. We understand perfectly.

Those PPP loans were designed to be forgiven. Student loans not so much.

So already rich Congress critters (or well off people) get forgiven PPP loans in the seven figures, but we don't have enough money as a country to give struggling newish graduates a break with 10? Ok.

I so agree with this. I don't understand where the outrage was as the wealthy got their PPP loans forgiven???[/quote]

Let me help you out then......

The PPP loans were not for the "wealthy" at all. It was for business owners to pay employees because our government FORCED businesses to close during the pandemic and these people had no form of income. It was to help the workers survive. I would bet that if you asked the vast majority of these business owners if they would have preferred to take the PPP money or stay open, they would have chosen the latter.

College loans are totally voluntary. They are not forced on borrowers.

[Anonymous]

Why aren't we forgiving medical debt before student loan debt?

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:I’m confused about this recent tweet by former New York State Senator Alessandra Biaggi:

In 2012, I graduated from Fordham Law School with $180,000 is student loan debt.

I’ve been paying loans for 11 years. Even paid two of them off completely.

In 2023, my balance is $206,000.

Forgive my ignorance, but how is this possible, especially if she has been paying (without interruption , I assume) for 11 years and has paid two off completely? Is nothing going toward the principle? Did she go through a loan shark? I don’t understand this.

Because people are dumb, take out $180k in debt, and don't do 5 minutes of hw learning about the concept of loan amortization.

So the payments don’t include principle + interest?

A lot of student loan debtors have negative amortization because they are on an income based payment plan which doesn't cover enough interest each month. Many never even touch principal.

[Anonymous]

Anonymous wrote:Why aren't we forgiving medical debt before student loan debt?

Since we aren't forgiving either, it's pretty much a moot point.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Anything which turns younger people away from the GOP is fine with me. Keep on going Supreme Court and MAGA governors.

Sounds like you think freebies are the way to attract young voters?

Like the "freebies" given to Republican members of Congress?
https://www.nbcnews.com/politics/white-house/white-house-shines-light-republicans-are-criticizing-student-debt-canc-rcna44904
"Reps. Vern Buchanan of Florida, Marjorie Taylor Greene of Georgia, Mike Kelly of Pennsylvania, and Markwayne Mullin and Kevin Hern of Oklahoma — who it said had six- and seven-figure PPP loans forgiven as part of a federal program intended to help those harmed by the coronavirus."

Under Biden's student debt plan, borrowers who earn less than $125,000 a year, or $250,000 for couples who file taxes jointly, will be eligible for up to $10,000 in debt cancellation.

I've seen lots of young people who are livid, because they thought that 10k out of their 100k they owe in loans might be forgiven and might help them save enough money to eventually get a house downpayment.

Keep on helping GOP congress critters and forgiving their SIX TO SeVEN FIGURE loans and see how that works out. I mean, there's enough money Mike Kelly (R) had 987k in loans forgiven. That sum could have helped *987* younger Americans who make under 150k a year.

But, no, you just want the money for republicans and for the wealthy. We understand perfectly.

Those PPP loans were designed to be forgiven. Student loans not so much.

So already rich Congress critters (or well off people) get forgiven PPP loans in the seven figures, but we don't have enough money as a country to give struggling newish graduates a break with 10? Ok.

I so agree with this. I don't understand where the outrage was as the wealthy got their PPP loans forgiven???

Because the GOP doesn't want that outrage reflected in their weekly messaging on right wing news media, which is consumed by very useful low information voters.

[Anonymous]

Anonymous wrote:

Anonymous wrote:The people whose loans Biden wanted to forgive- in your opinion are they HEROES?

DP... Are the fcking scammer billionaires and millionaires who scammed massive amounts of fraudulent PPP dollars under Trump heroes?

No. They are thieves.

My sympathies with young kids trying to start out a life of hope are far greater than THOSE scammers WHO YOU SIDED WITH.

Where was this fight against that? Where did PPP fraud go to SCOTUS under Trump? NEVER.

Millionaire and billionaire fraud = GOOD but some kid trying to get an education is criminal.

WE SEE YOU, GOP.

I know plenty of rich Dems who scammed PPP.