What is going on with student loans?

[Anonymous]

Anonymous wrote:

Anonymous wrote: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.

Any of you who are so angry want to address PP's question???

There's an attempt to make student loans a GOP voting issue but our elites and media forget the GOP are no longer fiscally conservative. They also forget that many in the GOP base have gotten scammed by for-profit tech/trade schools.

[Anonymous]

Anonymous wrote:

Anonymous wrote:There are large number of foreign students in US universities. Most of them take out loans as well to pay for tuition and accommodation expenses.
Does this order result in forgiven loans for foreign students as well? Will this create burden on American Tax Payers?

No, foreign students in the US cannot avail of US government loans. It's also not true that "most of them take out loans." In order to get a US student visa, they have to prove (with bank statements etc.) that they have enough money to pay for their tuition, room, board, and expenses for the duration of their degree program. Any that do take out loans are getting them from private lenders, so the loan forgiveness being discussed here does not apply to them.

In reality, foreign students are subsidizing US higher ed--both public and private colleges/universities.

Yes, many universities subsidize local students with foreign full pay students. Very little is available in financial aid to foreign students, and what is given is typically a loan. Stop trying to stir up muck that foreign students will get free government money

[Anonymous]

Anonymous wrote:I'm thrilled! I did not have any student loans myself, but I am so happy for those for whom this will be life-changing.

I love to see governmental policies that actually affect people for the better!

Troll.

[Anonymous]

This is going to make a lot of people mad. More than it helps. And I think it will anger independents who are looking for reasons to be happy they voted for Biden. It will make happy only those who were in the bag for Biden anyway. This is all my opinion but hey. I think Biden is overestimating the popularity of this and underestimating the amount of bitterness this will generate.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote: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.

Any of you who are so angry want to address PP's question???

There's an attempt to make student loans a GOP voting issue but our elites and media forget the GOP are no longer fiscally conservative. They also forget that many in the GOP base have gotten scammed by for-profit tech/trade schools.

Why doesn’t the GOP get mad at all of the DoD bloat?

[Anonymous]

Anonymous wrote:This is going to make a lot of people mad. More than it helps. And I think it will anger independents who are looking for reasons to be happy they voted for Biden. It will make happy only those who were in the bag for Biden anyway. This is all my opinion but hey. I think Biden is overestimating the popularity of this and underestimating the amount of bitterness this will generate.

Were you also mad about PPP loan forgiveness or is it just when regular working people get help instead of corporations?

[Anonymous]

Anonymous wrote:This is going to make a lot of people mad. More than it helps. And I think it will anger independents who are looking for reasons to be happy they voted for Biden. It will make happy only those who were in the bag for Biden anyway. This is all my opinion but hey. I think Biden is overestimating the popularity of this and underestimating the amount of bitterness this will generate.

Were these "independents" mad when Ukraine got money? Were they mad when millionaires got PPP loans.

They can all pound sand.

[Anonymous]

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

No because you had the opportunity to consolidate under that program which is what I did (older borrower). Additionally, I paid off one loan but earn too much for forgiveness. I also have one kid who is a HS senior and another who is a sophomore. I get the joy of helping them pay while still paying off my college loans. Happy for others though.

[Anonymous]

Anonymous wrote:

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

No because you had the opportunity to consolidate under that program which is what I did (older borrower). Additionally, I paid off one loan but earn too much for forgiveness. I also have one kid who is a HS senior and another who is a sophomore. I get the joy of helping them pay while still paying off my college loans. Happy for others though.

why would i consolidate to a much higher interest rate? For the mere hope of debt forgiveness ?

[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.

This was a campaign promise made by the guy you voted for. If you want to hand the country over to literal fascists to spite us all, you're a garbage human being.

[Anonymous]

Anonymous wrote:

Anonymous wrote: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.

Any of you who are so angry want to address PP's question???

The issue with student loan forgiveness is that it violates a contract that the recipient agreed to. It's a slippery slope to allow people to walk away from contractual agreements. Now you can come back and say that Donald Trump gets away with not paying his contractors, and Elon is trying to walk away from the Twitter deal, etc., and I would agree that those are also egregious acts. So while not defending the wealthy, I'm not too enthused about letting people off the hook on their agreements.

[Anonymous]

This doesn't benefit me, but I am happy for those it helped.

Jeez Louise you people are selfish and short sighted.

[Anonymous]

Anonymous wrote:

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.

take a Xanax and calm down. Calling names and yelling at people has the opposite of your intended effect. No one ever said oh, you called me a clown and yelled at me, I’ll change my view. No, they dig in and refuse to listen out of spite. Do better if you think you’re actually right.

[Anonymous]

Anonymous wrote:

Anonymous wrote:I'm thrilled! I did not have any student loans myself, but I am so happy for those for whom this will be life-changing.

I love to see governmental policies that actually affect people for the better!

Troll.

Can a troll post positive comments?!

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote: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.

Any of you who are so angry want to address PP's question???

The issue with student loan forgiveness is that it violates a contract that the recipient agreed to. It's a slippery slope to allow people to walk away from contractual agreements. Now you can come back and say that Donald Trump gets away with not paying his contractors, and Elon is trying to walk away from the Twitter deal, etc., and I would agree that those are also egregious acts. So while not defending the wealthy, I'm not too enthused about letting people off the hook on their agreements.

poor argument . I oppose forgiveness but by your logic bankruptcy shouldn’t be allowed for any contractual debt