SCOTUS on Student Loan 9 - 0

[Anonymous]

Anonymous wrote:Maybe instead of relying on the gov’t to bail out these students we need to be teaching our kids about trades and not taking out hundreds of thousands of dollars for a worthless degree they’ll never earn enough in a career to pay back. We need to empower ourselves and our children. Quit relying on the gov’t to protect you. I think we should have leaned our lesson with Covid and vaccine mandates.

Many of the saddest student loan cases stem from federal loans taken out to attention for-profit trade schools. They gets $25K in debt and have to drop out for myriad reasons (health, family, finances, etc) without earning their certification.

[Anonymous]

Anonymous wrote:

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.

These exaggerated talking points are comical. The overwhelming majority of federal borrowers have nowhere near $180K in loans. You can't take out more than $30K in federal loans for undergrad.

It was for law school numbnuts. You sound oblivious to GradPlus loans that law school students typically use.

Do try to keep up next time before embarrassing yourself.

+5 for numb nuts. I wouldn’t even take out that kinda skrilla for law center these days

Xoxohth

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Maybe instead of relying on the gov’t to bail out these students we need to be teaching our kids about trades and not taking out hundreds of thousands of dollars for a worthless degree they’ll never earn enough in a career to pay back. We need to empower ourselves and our children. Quit relying on the gov’t to protect you. I think we should have leaned our lesson with Covid and vaccine mandates.

Fine, tell your kids to go to trade school then.

Why? My kids received excellent education from top US schools for free (one got full ride and one got full tuition merit based scholarships). Each university in US offers merit base scholarship. Those losers who took loans just have to study hard to get those.

Yes, I suppose they had the 1% leg with fancy schools, fancy coaches and tutors and expensive test prep.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Maybe instead of relying on the gov’t to bail out these students we need to be teaching our kids about trades and not taking out hundreds of thousands of dollars for a worthless degree they’ll never earn enough in a career to pay back. We need to empower ourselves and our children. Quit relying on the gov’t to protect you. I think we should have leaned our lesson with Covid and vaccine mandates.

Fine, tell your kids to go to trade school then.

Why? My kids received excellent education from top US schools for free (one got full ride and one got full tuition merit based scholarships). Each university in US offers merit base scholarship. Those losers who took loans just have to study hard to get those.

Yes, I suppose they had the 1% leg with fancy schools, fancy coaches and tutors and expensive test prep.

You suppose wrong. We are an immigrant family and none of my kids ever had any tutors. They did tutoring for other kids though.

[Anonymous]

^no test prep either other than free online Khan academy that is available for everyone.

[Anonymous]

Anonymous wrote:^no test prep either other than free online Khan academy that is available for everyone.

Then focus on your own kids. It is none of your business what others do.

[Anonymous]

This conservative acknowledges the right's astroturfed position on this is a unpopular and immoral.

Republican opposition to some kind of student loan debt relief—my preference is paying it down with university endowments—is unpopular because it’s wrong. It’s not because people who take out these loans are lazy and don’t want to pay them back—it’s actually because the system is wrong and indefensible.

People don’t just decide to put themselves in debt by going to school—the system *forces* you to go to school for jobs that in the past didn’t necessarily require a degree, and it encourages predatory lending.

It is a bizarre hill to die on because it touches so many things Republicans say they care about, like families—well, crushing debt makes family formation harder. Republicans constantly talk about “woke” stuff; universities are the epicenters of said stuff.

Telling people to just pay back obscene loans they were forced to take out to hold jobs that their parents or grandparents wouldn’t need degrees for is not a winning position. It’s also not a moral one.

[Anonymous]

Anonymous wrote:

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.

These exaggerated talking points are comical. The overwhelming majority of federal borrowers have nowhere near $180K in loans. You can't take out more than $30K in federal loans for undergrad.

It was for law school numbnuts. You sound oblivious to GradPlus loans that law school students typically use.

Do try to keep up next time before embarrassing yourself.

Don't play coy. You push this narrative to exaggerate who the real student loan debt slave is. It is not some over-educated lawyer with $180K in loans, it's a working class prole with $25K in debt from a local 2 or 4 year college, which they likely didn't graduate from.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

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.

These exaggerated talking points are comical. The overwhelming majority of federal borrowers have nowhere near $180K in loans. You can't take out more than $30K in federal loans for undergrad.

It was for law school numbnuts. You sound oblivious to GradPlus loans that law school students typically use.

Do try to keep up next time before embarrassing yourself.

Don't play coy. You push this narrative to exaggerate who the real student loan debt slave is. It is not some over-educated lawyer with $180K in loans, it's a working class prole with $25K in debt from a local 2 or 4 year college, which they likely didn't graduate from.

Jesus Christ you are stupid. The post you originally responded to was a response to another post from a lawyer discussing how they're $180k in debt with student loans..

It's amazing how badly you keep embarrassing yourself.

[Anonymous]

Anonymous wrote:

Anonymous wrote:^no test prep either other than free online Khan academy that is available for everyone.

Then focus on your own kids. It is none of your business what others do.

It is the business of all taxpayers when we're discussing students/grads defaulting college loans or getting their debts cancelled.

[Anonymous]

What's the big deal? I can make $20k on interest alone in my savings + brokerage account in about a year. Cut 'em a break.
-Someone without student loans

[Anonymous]

Anonymous wrote:

Anonymous wrote:^no test prep either other than free online Khan academy that is available for everyone.

Then focus on your own kids. It is none of your business what others do.

I am glad that you agree with the Supreme Court. It is not other taxpayer's business what debts other chose to take.

[Anonymous]

Anonymous wrote:

Anonymous wrote:^no test prep either other than free online Khan academy that is available for everyone.

Then focus on your own kids. It is none of your business what others do.

Why others don't get a free education in college when it plenty available? Every single college in US provides at least full tuition scholarships, some even give full ride.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:^no test prep either other than free online Khan academy that is available for everyone.

Then focus on your own kids. It is none of your business what others do.

I am glad that you agree with the Supreme Court. It is not other taxpayer's business what debts other chose to take.

That wasn't SCOTUS' ruling. They held that the executive branch lacked the statutory authority to forgive the debts. The executive branch DOES have authority in certain cases, just not this one. And Congress can forgive all of the debt.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:^no test prep either other than free online Khan academy that is available for everyone.

Then focus on your own kids. It is none of your business what others do.

I am glad that you agree with the Supreme Court. It is not other taxpayer's business what debts other chose to take.

That wasn't SCOTUS' ruling. They held that the executive branch lacked the statutory authority to forgive the debts. The executive branch DOES have authority in certain cases, just not this one. And Congress can forgive all of the debt.

Exactly! The funny part that this executive branch were totally aware of this and still continue to make false promises. Biden continue to blub about his promise even after the SC ruling.