Why is Biden extending the student loan repayment pause?

[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.

I have been saying this for months.

It is "Redistribution of debt." So tired of the euphemisms the Democrats use to "sell" crappy policies.

[Anonymous]

Anonymous wrote:

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.

I have been saying this for months.

It is "Redistribution of debt." So tired of the euphemisms the Democrats use to "sell" crappy policies.

Actually they’re attempting to purchase votes with their crappy policies.

[Anonymous]

Anonymous wrote:

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.

Support for our own country's agriculture is in the interest of anyone who eats food.

[Anonymous]

Anonymous wrote:

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.

I have been saying this for months.

It is "Redistribution of debt." So tired of the euphemisms the Democrats use to "sell" crappy policies.

At least they have policies.

[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.

Fake news. Poor people and pensioners don’t pay federal income taxes.

[Anonymous]

Anonymous wrote:

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.

Fake news. About 90% of people under age 40 have tried college.

[Anonymous]

Is this going to be a trend? Every time an election comes up Democrats will dangle some kind of check or financial forgiveness in front of people effectively buying votes? I guarantee there will be some language along the lines of "we want to forgive x debt but we NEED you voters to vote for XYZ Democrat so we can get this through". I wonder if credit card debt forgiveness will be next. With the inflation everyone is racking it up.

[Anonymous]

Anonymous wrote:Is this going to be a trend? Every time an election comes up Democrats will dangle some kind of check or financial forgiveness in front of people effectively buying votes? I guarantee there will be some language along the lines of "we want to forgive x debt but we NEED you voters to vote for XYZ Democrat so we can get this through". I wonder if credit card debt forgiveness will be next. With the inflation everyone is racking it up.

We already have that (bankruptcy) for credit card debt.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

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.

Fake news. About 90% of people under age 40 have tried college.

Care to provide a citation genius?

[Anonymous]

Anonymous wrote:

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.

The majority of people can’t even cover a $500 expense if one came up.

[Anonymous]

I'm trying to figure out the root issue that this policy is trying to solve. I gather it is: The cost of higher education is increasingly unattainably high. That cost is either preventing people from getting that higher education or causing them to have limited earning power upon graduation.

The way to solve that is through forward looking policies that reduce the cost and/or provide more alternative pathways to financial stability that do not require higher education.

What I don't understand is how loan forgiveness actually solves the root problem. It does nothing to help anyone entering college or the workforce in the coming years, right?

[Anonymous]

Anonymous wrote:

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.

Yeah someone in the Tidewater has the same job and educational opportunities footsteps away as someone in McLean, sure

[Anonymous]

Anonymous wrote:

Anonymous wrote:Is this going to be a trend? Every time an election comes up Democrats will dangle some kind of check or financial forgiveness in front of people effectively buying votes? I guarantee there will be some language along the lines of "we want to forgive x debt but we NEED you voters to vote for XYZ Democrat so we can get this through". I wonder if credit card debt forgiveness will be next. With the inflation everyone is racking it up.

We already have that (bankruptcy) for credit card debt.

Bankruptcy tarnishes your financial records and prevents you from taking out loans for a long time. I'm talking consequence free forgiveness.

[Anonymous]

Anonymous wrote:I'm trying to figure out the root issue that this policy is trying to solve. I gather it is: The cost of higher education is increasingly unattainably high. That cost is either preventing people from getting that higher education or causing them to have limited earning power upon graduation.

The way to solve that is through forward looking policies that reduce the cost and/or provide more alternative pathways to financial stability that do not require higher education.

What I don't understand is how loan forgiveness actually solves the root problem. It does nothing to help anyone entering college or the workforce in the coming years, right?

Agree.


Also, nobody is willing to address the following:
-Why are universities increasingly forcing their students to live in their way-more-expensive-than-market-rate on-campus housing? Universities are increasingly creeping up the number of years they require students to live on-campus.
-Why do universities need so many administrators, deans and assistants?
-Why are non-athlete students subsidizing d2, d3, and non-revenue producing athletic teams?
-Why do universities need 2 pools, a rock climbing wall and multiple basketball courts, which often go unused for large portions of the year?
-Why do universities charge every student a nominal activity fee, which goes to the student government and at many schools adds up to $1M+?

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Is this going to be a trend? Every time an election comes up Democrats will dangle some kind of check or financial forgiveness in front of people effectively buying votes? I guarantee there will be some language along the lines of "we want to forgive x debt but we NEED you voters to vote for XYZ Democrat so we can get this through". I wonder if credit card debt forgiveness will be next. With the inflation everyone is racking it up.

We already have that (bankruptcy) for credit card debt.

Bankruptcy tarnishes your financial records and prevents you from taking out loans for a long time. I'm talking consequence free forgiveness.

Only for 7 years it does.