What is going on with student loans?

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:I appreciate the Biden Administration trying to fix PSLF. It has been a mess since the day it was put in place. These fixes will help a lot of people who work in public service.

outside of this. I think the best we will see is $10k and at least another 6 month extension to the payment pause.

GOP will stop this after 2022

They can’t, they would need to change the laws. POTUS and Dept of Ed have a lot of statutory leeway when it comes to federal students loans, modifications, etc.

It’s a very grey area of the law.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:politico reporting that $10k forgiven for households making $250k or less. ppl will "self attest"

once announced, i'm registering as a republican

LOL so you will vote abortion bans and white nationalists because Dems forgiving loans for a bunch of college students hurt your lwittle fweelings.

Upper middle class white women are showing themselves to be the evil Karens that they've always been.

This, and I am a UMC white woman. They are the least interesting, most selfish demographic in this country. Boring, smug, spoiled, judgmental, focused only on themselves and their children, they look down their noses at everyone once they’ve got theirs. All they do is protect their little boxes.

Smug, judgmental educated UMC white woman showing all you other white, educated UMC women how the naval gazing is done. Thanks, Larla, for demonstrating for the class.

Educated UMC white women are among the most reliable demcratic voters. Draw your own conclusions.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:politico reporting that $10k forgiven for households making $250k or less. ppl will "self attest"

once announced, i'm registering as a republican

LOL so you will vote abortion bans and white nationalists because Dems forgiving loans for a bunch of college students hurt your lwittle fweelings.

Upper middle class white women are showing themselves to be the evil Karens that they've always been.

This, and I am a UMC white woman. They are the least interesting, most selfish demographic in this country. Boring, smug, spoiled, judgmental, focused only on themselves and their children, they look down their noses at everyone once they’ve got theirs. All they do is protect their little boxes.

Smug, judgmental educated UMC white woman showing all you other white, educated UMC women how the naval gazing is done. Thanks, Larla, for demonstrating for the class.

Educated UMC white women are among the most reliable demcratic voters. Draw your own conclusions.

Time to put down the wine.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Nothing is going on, as it should be. You pay them back like you agreed to, loser.

Bitter Karen.

DP She’s bitter? Look in a mirror you failure.

Nasty person

Lol…..hit a bit too close to home, eh?

Nope, you are just a nasty person.

[Anonymous]

get over it guys and gals, the irresponsible people will get some sort of relief for perusing low paying careers and taking out a bunch of loans without any thought on how they would pay it back and the tax payers will fork the bill. thank you!!

[Anonymous]

Anonymous wrote:politico reporting that $10k forgiven for households making $250k or less. ppl will "self attest"

once announced, i'm registering as a republican

Good riddance

[Anonymous]

Anonymous wrote:10k forgiveness is actually going to happen, it seems!!!!

Wanna bet it doesn't? They've been teasing you gullible saps about that for three years. They don't care about you.

[Anonymous]

Anonymous wrote:

Anonymous wrote:politico reporting that $10k forgiven for households making $250k or less. ppl will "self attest"

once announced, i'm registering as a republican

I gues I should have taken out loans for my children instead of being a sucker and diligently saving for 25 years. This government rewards deadbeat losers and penalizes hard working Americans…..I’ve grown to despise these imbeciles.

Yep.
And, the poor and middle class foot the bill for these people.

Fake news. This is Conservative Inc. disinformation. For one, poor people don't pay income taxes. And poor people are overwhelmingly most impacted by undergraduate student debt, are most likely to have not finished their degree, and most likely to be in default or delinquency on their loans.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:politico reporting that $10k forgiven for households making $250k or less. ppl will "self attest"

once announced, i'm registering as a republican

I gues I should have taken out loans for my children instead of being a sucker and diligently saving for 25 years. This government rewards deadbeat losers and penalizes hard working Americans…..I’ve grown to despise these imbeciles.

Yep.
And, the poor and middle class foot the bill for these people.

Fake news. This is Conservative Inc. disinformation. For one, poor people don't pay income taxes. And poor people are overwhelmingly most impacted by undergraduate student debt, are most likely to have not finished their degree, and most likely to be in default or delinquency on their loans.

[Anonymous]

y'all are WAY TOO sour about this.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:politico reporting that $10k forgiven for households making $250k or less. ppl will "self attest"

once announced, i'm registering as a republican

I gues I should have taken out loans for my children instead of being a sucker and diligently saving for 25 years. This government rewards deadbeat losers and penalizes hard working Americans…..I’ve grown to despise these imbeciles.

Yep.
And, the poor and middle class foot the bill for these people.

Fake news. This is Conservative Inc. disinformation. For one, poor people don't pay income taxes. And poor people are overwhelmingly most impacted by undergraduate student debt, are most likely to have not finished their degree, and most likely to be in default or delinquency on their loans.

I call fake news on you too buddy.

[Anonymous]

Anonymous wrote:get over it guys and gals, the irresponsible people will get some sort of relief for perusing low paying careers and taking out a bunch of loans without any thought on how they would pay it back and the tax payers will fork the bill. thank you!!

This issue is not simple as you portray it.

[Anonymous]

Anonymous wrote:get over it guys and gals, the irresponsible people will get some sort of relief for perusing low paying careers and taking out a bunch of loans without any thought on how they would pay it back and the tax payers will fork the bill. thank you!!

Do you realize that the “irresponsible people” who decide to take out these loans are HIGH SCHOOL SENIORS? We make high schoolers decide where they will go to college and how they will finance it. They make these decisions when they are 17 or 18. Do you really think they understand that they will actually have to pay back thousands upon thousands more than they received? I have 2 college students. It was never explained to them that they will have to pay it back several times over. Fortunately, my kids have parents who helped them understand this, have some college savings for them, and will help them pay back the loans. Many kids do not have parents who can or will help them. If their own parents didn’t go to college, then they probably don’t have a clear understanding either. Yes, a college senior is old enough to understand the concept of loans and interest…but not to this magnitude. My kids’ colleges offered them thousands in loans, and it was never laid out for them that if they make minimum payments, it will take this many years, and they will end up paying this amount.

Even if it was laid out for them, high schoolers have no idea what their income and expenses will be in five years or twenty years. Ridiculous that we let children commit to these astronomical loans and then half the country calls them irresponsible for getting in this position. Even though, if they avoided it by working low-wage blue collar jobs instead of college, half the country will call them lazy and say those jobs aren’t meant for adults. They can’t win.

[Anonymous]

Anonymous wrote:

Anonymous wrote:get over it guys and gals, the irresponsible people will get some sort of relief for perusing low paying careers and taking out a bunch of loans without any thought on how they would pay it back and the tax payers will fork the bill. thank you!!

Do you realize that the “irresponsible people” who decide to take out these loans are HIGH SCHOOL SENIORS? We make high schoolers decide where they will go to college and how they will finance it. They make these decisions when they are 17 or 18. Do you really think they understand that they will actually have to pay back thousands upon thousands more than they received? I have 2 college students. It was never explained to them that they will have to pay it back several times over. Fortunately, my kids have parents who helped them understand this, have some college savings for them, and will help them pay back the loans. Many kids do not have parents who can or will help them. If their own parents didn’t go to college, then they probably don’t have a clear understanding either. Yes, a college senior is old enough to understand the concept of loans and interest…but not to this magnitude. My kids’ colleges offered them thousands in loans, and it was never laid out for them that if they make minimum payments, it will take this many years, and they will end up paying this amount.

Even if it was laid out for them, high schoolers have no idea what their income and expenses will be in five years or twenty years. Ridiculous that we let children commit to these astronomical loans and then half the country calls them irresponsible for getting in this position. Even though, if they avoided it by working low-wage blue collar jobs instead of college, half the country will call them lazy and say those jobs aren’t meant for adults. They can’t win.

18 years are old enough to get a car loan, get a mortgage, and get a credit card. Why is a student loan any different in terms of a bailout? If this population is vulnerable, we shouldn't allow them access to any financial asset until they are older.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:get over it guys and gals, the irresponsible people will get some sort of relief for perusing low paying careers and taking out a bunch of loans without any thought on how they would pay it back and the tax payers will fork the bill. thank you!!

Do you realize that the “irresponsible people” who decide to take out these loans are HIGH SCHOOL SENIORS? We make high schoolers decide where they will go to college and how they will finance it. They make these decisions when they are 17 or 18. Do you really think they understand that they will actually have to pay back thousands upon thousands more than they received? I have 2 college students. It was never explained to them that they will have to pay it back several times over. Fortunately, my kids have parents who helped them understand this, have some college savings for them, and will help them pay back the loans. Many kids do not have parents who can or will help them. If their own parents didn’t go to college, then they probably don’t have a clear understanding either. Yes, a college senior is old enough to understand the concept of loans and interest…but not to this magnitude. My kids’ colleges offered them thousands in loans, and it was never laid out for them that if they make minimum payments, it will take this many years, and they will end up paying this amount.

Even if it was laid out for them, high schoolers have no idea what their income and expenses will be in five years or twenty years. Ridiculous that we let children commit to these astronomical loans and then half the country calls them irresponsible for getting in this position. Even though, if they avoided it by working low-wage blue collar jobs instead of college, half the country will call them lazy and say those jobs aren’t meant for adults. They can’t win.

18 years are old enough to get a car loan, get a mortgage, and get a credit card. Why is a student loan any different in terms of a bailout? If this population is vulnerable, we shouldn't allow them access to any financial asset until they are older.

How many high school seniors do you know who are getting approved for a mortgage? Maybe they are technically old enough, but a mortgage company or car dealership is obviously more likely to turn them down. Plus you can sell a car or house if you can’t make the payments.

If you know anything about human development, then you know that the brain of an 18 year old is incapable of understanding what they are getting into.