Why is Biden extending the student loan repayment pause?

[Anonymous]

I don’t think private universities should be allowed to take in federal loan or pell grant money.

[Anonymous]

I used to peruse the studentloans subreddit because there’s a lot of useful info on there, but it’s full of people who were idiots and took out like $200k for a dumb degree and have now bizarrely concluded that virtually no college degree or school is worth any amount of debt.

[Anonymous]

Just some food for thought (if you subscribe to the WSJ):

https://www.wsj.com/articles/nyu-college-graduate-parent-student-loans-11639618241

https://www.wsj.com/articles/usc-online-social-work-masters-11636435900

https://www.wsj.com/articles/baylor-university-college-debt-parent-plus-loans-11634138239

[Anonymous]

The *ENTIRE* right wing movement is about billionaires and near billionaires knocking a few points off their tax rates and some regulations off their books, and off-shoring jobs.

And these right wing trolls are obsessed with low and middle class folks getting peanuts of relief from America's racket higher-ed system? Most of these 45 million student loan victims are in regions of the country totally gutted by Conservative policy. In other words, there are no jobs, there is nothing, they are forced to try college and take on debt. About half of them don't even earn a degree.

[Anonymous]

Anonymous wrote:The *ENTIRE* right wing movement is about billionaires and near billionaires knocking a few points off their tax rates and some regulations off their books, and off-shoring jobs.

And these right wing trolls are obsessed with low and middle class folks getting peanuts of relief from America's racket higher-ed system? Most of these 45 million student loan victims are in regions of the country totally gutted by Conservative policy. In other words, there are no jobs, there is nothing, they are forced to try college and take on debt. About half of them don't even earn a degree.

Yep. Growing up in the rust belt (thankfully, some parts of it are slightly improving in the last decade) I knew that I would never be able to move back to my hometown. Not because I didn’t want to, but because there were precisely zero jobs there in my field or any slightly similar field.

[Anonymous]

For the cost of one navy ship we can eliminate student debt in its entirety! We got this!

[Anonymous]

So it really appears that 10k of forgiveness is going to happen!! Income cutoff for individuals at either 125k or 150k (couples higher). But law school snd medical school borrowers could well be excluded.

[Anonymous]

Anonymous wrote:So it really appears that 10k of forgiveness is going to happen!! Income cutoff for individuals at either 125k or 150k (couples higher). But law school snd medical school borrowers could well be excluded.

So if I’m a junior in college with little to no income and have $10k in student loans, whose income does it look at?

[Anonymous]

Anonymous wrote:So it really appears that 10k of forgiveness is going to happen!! Income cutoff for individuals at either 125k or 150k (couples higher). But law school snd medical school borrowers could well be excluded.

How does this help anyone currently under the age of 22? Is this parental income?

[Anonymous]

Biden went to a poorly ranked law school and knows full well that not all lawyers are rich. Don’t cut off law students. Tighten income criteria.

[Anonymous]

“Forgiveness” is a very misleading word with student debt. Nothing disappears. The debt, including interest, still has to be repaid. What changes is who pays. The person who made the commitment, signed the note and received the benefits is relieved of the responsibility. The debt is shifted to people who had nothing to do with the commitment and received none of the benefits. Does this sound fair to you?

Good luck in the midterms, Democrats. You will need it.

[Anonymous]

Those who never went to college and never had a federal student loan will wind up paying for those of higher socioeconomic status who did. No wonder the wealthy are going woke: many progressive policies benefit them rather than working saps.

[Anonymous]

Anonymous wrote:“Forgiveness” is a very misleading word with student debt. Nothing disappears. The debt, including interest, still has to be repaid. What changes is who pays. The person who made the commitment, signed the note and received the benefits is relieved of the responsibility. The debt is shifted to people who had nothing to do with the commitment and received none of the benefits. Does this sound fair to you?

Good luck in the midterms, Democrats. You will need it.

Nah. They’ll keep Congress due to this.

[Anonymous]

Anonymous wrote:Those who never went to college and never had a federal student loan will wind up paying for those of higher socioeconomic status who did. No wonder the wealthy are going woke: many progressive policies benefit them rather than working saps.

I assure that my tax dollars are currently funding all sorts of rural initiatives that are not to my own benefit.

I promise you that if this country was all about benefits and initiatives being associated with those whose tax $ are funding it, a large portion of this country would go bankrupt.

I, for one, didn't appreciate a massive farm bailout that was created by Trump's idiotic tariff fight.

[Anonymous]

Anonymous wrote:

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.

Incorrect. Regardless of where you born you certainly didn’t have to go to college to make a living…..the majority of people don’t.