What is going on with student loans?

[Anonymous]

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

That bitterness is going to consume you. Get over yourself.

[Anonymous]

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.

Selfish much?

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

Shame on all of you.

Oh F off you entitled, whiny t***. People are pissed off because they spent years in delays gratification and consumption paying off the entirety of their loans like a responsible adult. In the end, it looks like they were completely stupid for living within their means and paying off a loan like they contractually agree. A whole bunch of entitle ass***es now get free handouts without having to sacrifice anything. F off with this bs.

God, I hope the Dems get obliterated over this. Savers and people who diligently paid their finances and who had to delay consumption because of it get the raw deal the most.

[Anonymous]

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.

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.

why should my student loans be excluded because they predate direct loans?

[Anonymous]

Anonymous wrote:So weird how some people are lashing out.

If this was Biden sending a 10-20k stimulus check to 1/4 of the adult population based on some blunt and arbitrary definition of who qualified, there would be no question of it being a bad decision, especially in a time when we’re seeing the worst inflation in over 40 years. This is functionally the SAME THING, just with some additional mental gymnastics involved.

[Anonymous]

Anonymous wrote:

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

You may be right. Some of my undergrad loans actually were direct loans but the remaining ones I’m still paying may not qualify anyway regardless of the income limit. I haven’t bothered to check.

[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.

Selfish much?

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

Shame on all of you.

Oh F off you entitled, whiny t***. People are pissed off because they spent years in delays gratification and consumption paying off the entirety of their loans like a responsible adult. In the end, it looks like they were completely stupid for living within their means and paying off a loan like they contractually agree. A whole bunch of entitle ass***es now get free handouts without having to sacrifice anything. F off with this bs.

God, I hope the Dems get obliterated over this. Savers and people who diligently paid their finances and who had to delay consumption because of it get the raw deal the most.

I repeat: Shame on you.

[Anonymous]

Awesome, I'll be voting for Democrats in midterms!

[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.

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

Shame on all of you.

Oh F off you entitled, whiny t***. People are pissed off because they spent years in delays gratification and consumption paying off the entirety of their loans like a responsible adult. In the end, it looks like they were completely stupid for living within their means and paying off a loan like they contractually agree. A whole bunch of entitle ass***es now get free handouts without having to sacrifice anything. F off with this bs.

God, I hope the Dems get obliterated over this. Savers and people who diligently paid their finances and who had to delay consumption because of it get the raw deal the most.

DP. Are you just as angry with the tax breaks that the wealthy get (these also burden taxpayers)? Or are you only angry at people in middle-income brackets who may get student loan forgiveness? Lots of categories of people get to walk away from debt or tax liability or get indirect subsidies from the government--why does this specific instance bother you so much?

[Anonymous]

Anonymous wrote:

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.

DP. Shame on you. Inflation is already a problem and this will make it worse. Especially for lower income people without college degrees.


Selfish much?

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

Shame on all of you.

Oh F off you entitled, whiny t***. People are pissed off because they spent years in delays gratification and consumption paying off the entirety of their loans like a responsible adult. In the end, it looks like they were completely stupid for living within their means and paying off a loan like they contractually agree. A whole bunch of entitle ass***es now get free handouts without having to sacrifice anything. F off with this bs.

God, I hope the Dems get obliterated over this. Savers and people who diligently paid their finances and who had to delay consumption because of it get the raw deal the most.

I repeat: Shame on you.

[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.

Selfish much?

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

Shame on all of you.

Oh F off you entitled, whiny t***. People are pissed off because they spent years in delays gratification and consumption paying off the entirety of their loans like a responsible adult. In the end, it looks like they were completely stupid for living within their means and paying off a loan like they contractually agree. A whole bunch of entitle ass***es now get free handouts without having to sacrifice anything. F off with this bs.

God, I hope the Dems get obliterated over this. Savers and people who diligently paid their finances and who had to delay consumption because of it get the raw deal the most.

I don't have kids and can't afford a house. If you want to level the playing field, lets stop giving people for tax breaks and mortgage interest. How about no one gets a hand out for anything, ever. the people this is helping are the people who need it most, and it's not that much money. They're not erasing all student loans, which is what should happen. It's a drop in the bucket compared to what parents, homeowners and rich people get every single year.

[Anonymous]

To all those who paid off their loans over the last few years:


Why were you so stupid?

Why didn't you spend the money on a nicer car, playstation 5, taking a few nice trips, or going out to more restaurants instead?

Idiots.

[Anonymous]

Anonymous wrote:

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.

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

Shame on all of you.

Oh F off you entitled, whiny t***. People are pissed off because they spent years in delays gratification and consumption paying off the entirety of their loans like a responsible adult. In the end, it looks like they were completely stupid for living within their means and paying off a loan like they contractually agree. A whole bunch of entitle ass***es now get free handouts without having to sacrifice anything. F off with this bs.

God, I hope the Dems get obliterated over this. Savers and people who diligently paid their finances and who had to delay consumption because of it get the raw deal the most.

DP. Are you just as angry with the tax breaks that the wealthy get (these also burden taxpayers)? Or are you only angry at people in middle-income brackets who may get student loan forgiveness? Lots of categories of people get to walk away from debt or tax liability or get indirect subsidies from the government--why does this specific instance bother you so much?

Hey moron, student loan borrowers ALREADY GET TAX BREAKS, duh. Not only do we give entitled often white collar professionals tax breaks for taking out student loans, now we have to give them free handouts too? F off.

This is double dipping, moron. So much entitlement mentality. You make me sick. This country is going down the proverbial sh**er. Generations of people now being created who will expect to suck off the govt teat for their entire lives.

[Anonymous]

Anonymous wrote:

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.

Selfish much?

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

Shame on all of you.

Oh F off you entitled, whiny t***. People are pissed off because they spent years in delays gratification and consumption paying off the entirety of their loans like a responsible adult. In the end, it looks like they were completely stupid for living within their means and paying off a loan like they contractually agree. A whole bunch of entitle ass***es now get free handouts without having to sacrifice anything. F off with this bs.

God, I hope the Dems get obliterated over this. Savers and people who diligently paid their finances and who had to delay consumption because of it get the raw deal the most.

I don't have kids and can't afford a house. If you want to level the playing field, lets stop giving people for tax breaks and mortgage interest. How about no one gets a hand out for anything, ever. the people this is helping are the people who need it most, and it's not that much money. They're not erasing all student loans, which is what should happen. It's a drop in the bucket compared to what parents, homeowners and rich people get every single year.

Hey clown, STUDENT LOAN BORROWERS ALREADY GET INTEREST DEDUCTION TAX BREAKS. It is just like mortgage interest rate deductions, so you completely fail on your argument or any other point you're attempting to make.

You now want to give tax breaks AND free loan forgiveness to student loan borrowers. You are really obtuse and dense for ignoring the fact that student loan borrowers already get tax breaks. Good grief.

[Anonymous]

The college financing process has NEVER favored the financially responsible. It's just how it is and has always been.

My parents scrimped and saved and we lived a very frugal life. When my college time came, they paid in cash.

My college boyfrend's parents were spenders: large house, luxury cars, etc. He was on financial aid (not merit). I remember visiting his hometown at Thanksgiving as a freshman and feeling the burn. Why did his parents get to live in luxury while mine shopped at the Goodwill (literally)?
I didn't care about my own luxury but it really burned me up that my parents had sacrificed so much while others had not.

It's just how it's always been. This is an extension of this.

[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.

Stop promoting this idea.