Why is Biden extending the student loan repayment pause?

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:The American public is so bitter if anyone gets anything. Our society has become completely self-absorbed. Everyone is like “me, me, me, me!!”

I don’t stand to gain loan forgiveness and have paid off a loan and a grant already. But I am ok with others receiving help.

Polling proves the majority of the public is for some loan forgiveness. Right wing astroturfing is not real life.

[phone]

It might be popular with young people, but I don't think it will be overall. This could be very short sighted from a political perspective.

Myself and all of my friends who have children burdened with student loan debt are hoping and praying for some loan forgiveness. We chose colleges based on merit aid and scholarships and they still graduated with debt. My child is a teacher who drives an old car and can barely afford rent in the DMV.

My daughter has debt as well. She has a plan for paying it off. And, is actively doing so despite the pause on payments.
If Biden pulls this vote-buying stunt, I will do everything I can to make sure Republicans take over the House and Senate in November and actively work to make Biden a one-term president. And, work to make sure another Democrat doesn't take his place. They cannot be trusted.

I also look forward to the law suits filed against Biden since I don't believe he has the authority to do this without a bill from Congress.

Serious question- is this really your PRIORITY issue when selecting a president? Even if you fervently disagree with this call, is this a determining factor? In the grand scheme of things in politics, from international relations to civil rights to infrastructure, this would be IT for you?

For contect, I actually completely understand (though disagree with) people who vote based on the abortion issue. To them, it is life or death. But this amount of money is a drop in the bucket of federal budget and the impact on anything is minimal. Less than so many expenditures. Seems inconsequential.

NP. Making people pay their loans takes money out of the economy which will lower (or at least not further increase) the pressures on inflation. Inflation is absolutely not “inconsequential” for most people in this country. Plus, there’s zero chance that Biden could do this and have it be the only time it happens. Every other D president would be under huge pressure to do the same. And then there’s the point that this doesn’t even actually solve anything. We need a lot more personal responsibility in our country, not even less.

I guess my question is whether this is likely to incent an otherwise democrat voter to vote republican. Even if they absolutely do not support it, I think it is unlikely to flip voters. And I also don't think it is likely to turn out voters that would otherwise abstain from voting.

Setting aside whether it is the right thing to do overall, politically it is a winner.

It’s not.

Frankly, the vehemence with which some people post about issues that affect absolutely nothing at all makes me suspect that Republican troll farms are on here trying to steer public opinion.

Not a one of these Republicans has any problem with all the federal money that businesses - some enormous corporations, some Republican grifters - were given during the pandemic and that has not been paid back. That was far more money.

[Anonymous]

Anonymous wrote:There’s lots of confusion in this discussion between the family income someone’s parents had when they took out the loan and the adult’s income.

YES! How is that being missed??

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:The American public is so bitter if anyone gets anything. Our society has become completely self-absorbed. Everyone is like “me, me, me, me!!”

I don’t stand to gain loan forgiveness and have paid off a loan and a grant already. But I am ok with others receiving help.

Polling proves the majority of the public is for some loan forgiveness. Right wing astroturfing is not real life.

[phone]

It might be popular with young people, but I don't think it will be overall. This could be very short sighted from a political perspective.

Myself and all of my friends who have children burdened with student loan debt are hoping and praying for some loan forgiveness. We chose colleges based on merit aid and scholarships and they still graduated with debt. My child is a teacher who drives an old car and can barely afford rent in the DMV.

My daughter has debt as well. She has a plan for paying it off. And, is actively doing so despite the pause on payments.
If Biden pulls this vote-buying stunt, I will do everything I can to make sure Republicans take over the House and Senate in November and actively work to make Biden a one-term president. And, work to make sure another Democrat doesn't take his place. They cannot be trusted.

I also look forward to the law suits filed against Biden since I don't believe he has the authority to do this without a bill from Congress.

Serious question- is this really your PRIORITY issue when selecting a president? Even if you fervently disagree with this call, is this a determining factor? In the grand scheme of things in politics, from international relations to civil rights to infrastructure, this would be IT for you?

For contect, I actually completely understand (though disagree with) people who vote based on the abortion issue. To them, it is life or death. But this amount of money is a drop in the bucket of federal budget and the impact on anything is minimal. Less than so many expenditures. Seems inconsequential.

NP. Making people pay their loans takes money out of the economy which will lower (or at least not further increase) the pressures on inflation. Inflation is absolutely not “inconsequential” for most people in this country. Plus, there’s zero chance that Biden could do this and have it be the only time it happens. Every other D president would be under huge pressure to do the same. And then there’s the point that this doesn’t even actually solve anything. We need a lot more personal responsibility in our country, not even less.

I guess my question is whether this is likely to incent an otherwise democrat voter to vote republican. Even if they absolutely do not support it, I think it is unlikely to flip voters. And I also don't think it is likely to turn out voters that would otherwise abstain from voting.

Setting aside whether it is the right thing to do overall, politically it is a winner.

It’s not.

Frankly, the vehemence with which some people post about issues that affect absolutely nothing at all makes me suspect that Republican troll farms are on here trying to steer public opinion.

Not a one of these Republicans has any problem with all the federal money that businesses - some enormous corporations, some Republican grifters - were given during the pandemic and that has not been paid back. That was far more money.

Far too much money was doled out during the pandemic. And, much of it went to foreign entities and bad actors as a result of fraud. Billions.

It is maddening that our government is so damned inefficient that hard working tax payer money is wasted and thrown away or paid to fraudsters.

Being upset about the inefficiency and ineptitude of our federal government when it comes to the pandemic relief doesn't exclude one from being totally against more bail outs for people who willingly took out loans.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:The American public is so bitter if anyone gets anything. Our society has become completely self-absorbed. Everyone is like “me, me, me, me!!”

I don’t stand to gain loan forgiveness and have paid off a loan and a grant already. But I am ok with others receiving help.

Polling proves the majority of the public is for some loan forgiveness. Right wing astroturfing is not real life.

[phone]

It might be popular with young people, but I don't think it will be overall. This could be very short sighted from a political perspective.

Myself and all of my friends who have children burdened with student loan debt are hoping and praying for some loan forgiveness. We chose colleges based on merit aid and scholarships and they still graduated with debt. My child is a teacher who drives an old car and can barely afford rent in the DMV.

My daughter has debt as well. She has a plan for paying it off. And, is actively doing so despite the pause on payments.
If Biden pulls this vote-buying stunt, I will do everything I can to make sure Republicans take over the House and Senate in November and actively work to make Biden a one-term president. And, work to make sure another Democrat doesn't take his place. They cannot be trusted.

I also look forward to the law suits filed against Biden since I don't believe he has the authority to do this without a bill from Congress.

Serious question- is this really your PRIORITY issue when selecting a president? Even if you fervently disagree with this call, is this a determining factor? In the grand scheme of things in politics, from international relations to civil rights to infrastructure, this would be IT for you?

For contect, I actually completely understand (though disagree with) people who vote based on the abortion issue. To them, it is life or death. But this amount of money is a drop in the bucket of federal budget and the impact on anything is minimal. Less than so many expenditures. Seems inconsequential.

NP. Making people pay their loans takes money out of the economy which will lower (or at least not further increase) the pressures on inflation. Inflation is absolutely not “inconsequential” for most people in this country. Plus, there’s zero chance that Biden could do this and have it be the only time it happens. Every other D president would be under huge pressure to do the same. And then there’s the point that this doesn’t even actually solve anything. We need a lot more personal responsibility in our country, not even less.

I guess my question is whether this is likely to incent an otherwise democrat voter to vote republican. Even if they absolutely do not support it, I think it is unlikely to flip voters. And I also don't think it is likely to turn out voters that would otherwise abstain from voting.

Setting aside whether it is the right thing to do overall, politically it is a winner.

It’s not.

Frankly, the vehemence with which some people post about issues that affect absolutely nothing at all makes me suspect that Republican troll farms are on here trying to steer public opinion.

Not a one of these Republicans has any problem with all the federal money that businesses - some enormous corporations, some Republican grifters - were given during the pandemic and that has not been paid back. That was far more money.

Far too much money was doled out during the pandemic. And, much of it went to foreign entities and bad actors as a result of fraud. Billions.

It is maddening that our government is so damned inefficient that hard working tax payer money is wasted and thrown away or paid to fraudsters.

Being upset about the inefficiency and ineptitude of our federal government when it comes to the pandemic relief doesn't exclude one from being totally against more bail outs for people who willingly took out loans.

Perfectly said. Also, supporters of loan foregiveness keep talking about its stimulative effect. Doesn’t seem to occur to them that stimulus is extremely undesirable in a high inflation environment. We

[Anonymous]

Spousal consolidation loans should have never been offered.

[Anonymous]

$10k per qualified federal borrower is less than ~ $150 billion. That is peanuts in D.C.

We are going to send over $40 billion to Ukraine this year. Plus trillions on Wall Street and corporate giveaways since March 2020. And the talking points from Republicans are a laugh riot. The same party of parasites who laundered trillions with their fake Middle East wars and couldn't wait to pass a multi-trillion tax cut for the mega rich when Trump was in office? Now they care about a $150 billion dollar write off? lol

[Anonymous]

Also, Trump, whom I despise with every fiber of my being, contemplated capping Parent Plus Loans. People complained that that would be a boon to private sector lenders like Discover or Wells Fargo. Sigh. I think the $27,000 limit is neither too high nor too low, as I bet if you did a study of people who took out that much or less you’d find that they didn’t have much trouble paying it off as long as they graduated with their bachelors.

One of the real issues is that it isn’t financially realistic for every college to house every student and feed them without significant fees charged to the student, whether the student takes out loans or not. More students would probably be better suited financially and emotionally going part-time or taking like 13 credits at night while working and paying as they go, but that’s not the ethereal college experience. But colleges are judged on 4 year graduation rates. It’d be nice if more colleges could offer weekend and night classes, and I’m surprised there aren’t more professors and lecturers who’d prefer to teach at those times. I recall a community college that offered midnight classes in Boston.

[Anonymous]

My child’s university already has their tuition prices posted for the entire next school year. Would loan forgiveness affect that?

[Anonymous]

Anonymous wrote:$10k per qualified federal borrower is less than ~ $150 billion. That is peanuts in D.C.

We are going to send over $40 billion to Ukraine this year. Plus trillions on Wall Street and corporate giveaways since March 2020. And the talking points from Republicans are a laugh riot. The same party of parasites who laundered trillions with their fake Middle East wars and couldn't wait to pass a multi-trillion tax cut for the mega rich when Trump was in office? Now they care about a $150 billion dollar write off? lol

What an idiotic argument. The point isn’t how much it would cost.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:The American public is so bitter if anyone gets anything. Our society has become completely self-absorbed. Everyone is like “me, me, me, me!!”

I don’t stand to gain loan forgiveness and have paid off a loan and a grant already. But I am ok with others receiving help.

Polling proves the majority of the public is for some loan forgiveness. Right wing astroturfing is not real life.

[phone]

It might be popular with young people, but I don't think it will be overall. This could be very short sighted from a political perspective.

Myself and all of my friends who have children burdened with student loan debt are hoping and praying for some loan forgiveness. We chose colleges based on merit aid and scholarships and they still graduated with debt. My child is a teacher who drives an old car and can barely afford rent in the DMV.

My daughter has debt as well. She has a plan for paying it off. And, is actively doing so despite the pause on payments.
If Biden pulls this vote-buying stunt, I will do everything I can to make sure Republicans take over the House and Senate in November and actively work to make Biden a one-term president. And, work to make sure another Democrat doesn't take his place. They cannot be trusted.

I also look forward to the law suits filed against Biden since I don't believe he has the authority to do this without a bill from Congress.

Serious question- is this really your PRIORITY issue when selecting a president? Even if you fervently disagree with this call, is this a determining factor? In the grand scheme of things in politics, from international relations to civil rights to infrastructure, this would be IT for you?

For contect, I actually completely understand (though disagree with) people who vote based on the abortion issue. To them, it is life or death. But this amount of money is a drop in the bucket of federal budget and the impact on anything is minimal. Less than so many expenditures. Seems inconsequential.

NP. Making people pay their loans takes money out of the economy which will lower (or at least not further increase) the pressures on inflation. Inflation is absolutely not “inconsequential” for most people in this country. Plus, there’s zero chance that Biden could do this and have it be the only time it happens. Every other D president would be under huge pressure to do the same. And then there’s the point that this doesn’t even actually solve anything. We need a lot more personal responsibility in our country, not even less.

I guess my question is whether this is likely to incent an otherwise democrat voter to vote republican. Even if they absolutely do not support it, I think it is unlikely to flip voters. And I also don't think it is likely to turn out voters that would otherwise abstain from voting.

Setting aside whether it is the right thing to do overall, politically it is a winner.

It’s not.

Frankly, the vehemence with which some people post about issues that affect absolutely nothing at all makes me suspect that Republican troll farms are on here trying to steer public opinion.

Not a one of these Republicans has any problem with all the federal money that businesses - some enormous corporations, some Republican grifters - were given during the pandemic and that has not been paid back. That was far more money.

I'm the poster you are responding to and I would be careful assuming that anyone who opposes loan forgiveness is a Republican. I am a lifelong democrat and oppose loan forgiveness, rather vehemently. My point was that if he does it, it sure as heck won't make me vote republican.

[Anonymous]

If you’re struggling to pay back student loans you’ve either made some remarkably unintelligent decisions in your life or you’ve performed extremely poorly as a student or employee…..likely both.

[Anonymous]

Anonymous wrote:If you’re struggling to pay back student loans you’ve either made some remarkably unintelligent decisions in your life or you’ve performed extremely poorly as a student or employee…..likely both.

Yes because life is a pure meritocracy

[Anonymous]

Anonymous wrote:If you’re struggling to pay back student loans you’ve either made some remarkably unintelligent decisions in your life or you’ve performed extremely poorly as a student or employee…..likely both.

Or you were born poor or LMC and loans were your only way out of your hopeless life in a bumf*k, underpopulated small town.

[Anonymous]

Anonymous wrote:If you’re struggling to pay back student loans you’ve either made some remarkably unintelligent decisions in your life or you’ve performed extremely poorly as a student or employee…..likely both.

So, you’re saying that if someone made a poor decision at 17-19 years old under heavy pressure from the elders that they were supposed to listen to (trust your elders, righ?) deserve to suffer for the next 20 years. Got it.

FYI I have $5k in student loans at 28 so this hardly affects me.

[Anonymous]

The city I was born in actually does not have a community college. The institution there that was previously a community college was privatized and is now $15,000/year in tuition. The community college in the next county over charges students who live in the county I’m from the out-of-county rate, which is significantly more than the in-county rate. The most bizarre part is that the community college in the county over has locations in the county I’m from as well, but since it’s main location isn’t there, it doesn’t count. I thought that every one municipality in the US was entitled to in-county rates at at least one community college, but apparently not. Is there some sort of state or federal law regarding that? Also, the community college in the next county over is 30 minutes away by car from where most people in my home city live.