What is going on with student loans?

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Let's be clear.....

There is no such thing as student loan "cancellation" or "forgiveness." He is not cancelling anything.

He is *transferring* the loans to taxpayers who paid off their loans or who didn't take out any loans to begin with.

And, the Dems will pay big for this horrible decision.

So your choice will be the GOP who backed a coup to block an election and who leaders has numerous criminal investigations going or the Democrats who are giving debt relief to those severely struggling under education loans? People who paid theirs off weren’t struggling as much (hence they could pay them off!).

The decision is not even close in my mind. Republicans up and down the ticket. All the way. No regrets.

As one who sacrificed to make sure my loans were paid off.... I'm pissed.

Same. I paid 1k a month for 3 years towards my loans the first few years out of undergrad while only making 75k. I was trying to do the right thing and be responsible. Didn’t travel the world and eat out every day like my peers were doing. Now they’re rewarded for their profligate financial decisions. Voting GOP 100% this midterm

You are taking your small sample of folks you know and extrapolating it to EVERYONE that will benefit from this decision. And I can give you at least 26 examples of people I know that were also responsible, did not travel or eat out and have constantly struggled because of these loans. My point is not that My examples are more meaningful that yours, but that we shouldn’t be judging everybody through our limited lenses.

As for myself, I have paid $82k of my $85k balance. I’m 36 and I’ve been on two vacations since graduating college. My dad insisted I reward myself for working so hard. I refused to do so until these loans are gone. But he paid for me to come on those family vacations. I work three jobs (one full time and two part time). I can do that because I chose not to date and have kids. So I have more time on my hands. But I know people who have kids—some with special needs that couldn’t do the whole abortion thing and the amount of financial resources it takes to care for a child and one with special needs. I can absolutely understand why some people need this help… and the amount of money our government spends of useless programs and that 20 year unnecessary war, it’s about time real middle class families get some help.

So glad you will get the rest of your debt relieved! I agree 100% about real middle class families getting some help. This is a great thing for most of us solidly middle class!!

[Anonymous]

Voting straight GOP because of this. Thanks Biden.

-an Independent

[Anonymous]

Anonymous wrote:This is awesome, DH and I have a combined income around 225k and 40k of outstanding debt. If the 10k forgiveness happens we might go on a nice trip somewhere and stash the rest in a brokerage.

i..e you will be contributing to inflation, making it worse.

stupid, dumb plan by Biden at the wrong time. Inflation going to get worse.

[Anonymous]

Anonymous wrote:Voting straight GOP because of this. Thanks Biden.

-an Independent

Same but used to vote straight D. Tired of seeing my savings evaporate due to inflation, tired of losing out by being financially conservative and saving.

[Anonymous]

Anonymous wrote:

Anonymous wrote:Voting straight GOP because of this. Thanks Biden.

-an Independent

Same but used to vote straight D. Tired of seeing my savings evaporate due to inflation, tired of losing out by being financially conservative and saving.

You're pro-life?

[Anonymous]

This is age discrimination. Us older borrows don’t have direct loans so we never benefit

[Anonymous]

Anonymous wrote:Voting straight GOP because of this. Thanks Biden.

-an Independent

Tell me you're a self-centered prick without saying so.

[Anonymous]

So weird how some people are lashing out.

[Anonymous]

I have mixed feelings. As someone who has been repaying student loans for 20 years (I have a super low interest rate so it never made sense to pay them all off early), our HHI is now over the income cut-off so I won’t get any forgiveness. Then again, I can currently afford to make my payments—even though it was really tough to do years ago—and arguably people in my shoes don’t need the forgiveness. It still would’ve been nice to knock off $10K!

[Anonymous]

Anonymous wrote:

Anonymous wrote:Voting straight GOP because of this. Thanks Biden.

-an Independent

Same but used to vote straight D. Tired of seeing my savings evaporate due to inflation, tired of losing out by being financially conservative and saving.

Inflation is going to pass. Stop whining, be patient. You do nothing but bare your true lack of morality with this crap.

We have been through 6 horrifying years and a pandemic. Jesus.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:He has a point

Not really. They’re not the same. No other country gives free mortgages. But plenty of countries provide free college educations. Society benefits from an educated population. I know conservatives like to rundown higher education but come on!

Yeah but this country is filled with people like me who paid for our education and are pissed off about this.

Yes, I’m in the same boat but I’m not angry at all. I have earned a great living and was able to pay off my loans. They need help.

I have a good friend who was similarly benevolent because she felt she could afford the tax increase Biden had proposed before he was elected. And she was ok with this type of thing too. Until inflation hit and her husband lost his job. He got a new one but not as good and they had to move so now they have a new mortgage and higher interest rate. It is EASY to be benevolent when you can afford it but you are being self centered in thinking that all of us can. I made decisions about where I would go to school based on tuition and the amount of loans I would need. I made decisions about the jobs I took and my
Living situations based on my debt. That is how it is done. I had to have roommates in my late twenties while at Big Law to pay for my degree. I did NOT take loans and then expect others to pay for them. It is so irresponsible and selfish. And Biden is flat out paying for votes. He is a grifter.

Neither did people whose debt is being forgiven. You think an entire generation and a half went to college solely because they expected some President in the future to cancel their debt? Seems you're just bitter that other people are getting something you aren't.

Oh, FFS. It is not about this at all....

This move:
- will increase inflation
- will increase tuition costs
- will be given primarily to middle class and grad students
- will be felt most by middle class taxpayers who decided NOT to go to college and take out loans
- will teach these recipients that contracts can be ignored
- will only result in the far left demanding even *more* loan transfer .... just wait. This is a dry run.
- will send a message to future borrowers not to worry about paying off your loans... they will eventually be paid off by the tax payers when a Democrat needs to buy votes.

I hope this goes to court and it is determined that what Biden is doing is illegal.

70% of federal income taxes are paid by individuals with incomes over $150k

[Anonymous]

Anonymous wrote:I have mixed feelings. As someone who has been repaying student loans for 20 years (I have a super low interest rate so it never made sense to pay them all off early), our HHI is now over the income cut-off so I won’t get any forgiveness. Then again, I can currently afford to make my payments—even though it was really tough to do years ago—and arguably people in my shoes don’t need the forgiveness. It still would’ve been nice to knock off $10K!

based on the age of your loans they aren’t direct loans so the forgiveness wouldn’t apply to you anyways even if there wasn’t an income limit

[Anonymous]

I still don't understand folks who are angry that middle class people will get (limited) student loan forgiveness, but they are not bothered by the huge tax breaks that the Uber-wealthy get in this country. How are these two things so different in your minds? Not being argumentative--I just want to understand.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Let's be clear.....

There is no such thing as student loan "cancellation" or "forgiveness." He is not cancelling anything.

He is *transferring* the loans to taxpayers who paid off their loans or who didn't take out any loans to begin with.

And, the Dems will pay big for this horrible decision.

So your choice will be the GOP who backed a coup to block an election and who leaders has numerous criminal investigations going or the Democrats who are giving debt relief to those severely struggling under education loans? People who paid theirs off weren’t struggling as much (hence they could pay them off!).

The decision is not even close in my mind. Republicans up and down the ticket. All the way. No regrets.

As one who sacrificed to make sure my loans were paid off.... I'm pissed.

Selfish much?

This sure does tell on people who said they cared about democracy.

Shame on all of you.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:He has a point

Not really. They’re not the same. No other country gives free mortgages. But plenty of countries provide free college educations. Society benefits from an educated population. I know conservatives like to rundown higher education but come on!

Yeah but this country is filled with people like me who paid for our education and are pissed off about this.

Yes, I’m in the same boat but I’m not angry at all. I have earned a great living and was able to pay off my loans. They need help.

I have a good friend who was similarly benevolent because she felt she could afford the tax increase Biden had proposed before he was elected. And she was ok with this type of thing too. Until inflation hit and her husband lost his job. He got a new one but not as good and they had to move so now they have a new mortgage and higher interest rate. It is EASY to be benevolent when you can afford it but you are being self centered in thinking that all of us can. I made decisions about where I would go to school based on tuition and the amount of loans I would need. I made decisions about the jobs I took and my
Living situations based on my debt. That is how it is done. I had to have roommates in my late twenties while at Big Law to pay for my degree. I did NOT take loans and then expect others to pay for them. It is so irresponsible and selfish. And Biden is flat out paying for votes. He is a grifter.

No. YOU are no worse off than you were this morning when you woke up. This is helping people who ARE WORSE OFF THAN YOU. GET IT THROUGH YOUR HEAD.