What is going on with student loans?

[Anonymous]

Anonymous wrote:

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.

Student loan interest deduction is only a maximum of $2500 a year. You must also itemize. Typically only homeowners itemize.

[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.

Also more women hold student loan debt. I don’t think women will overlook their rights being taken away because of any fiscal implications of student loan foregiveness.

[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.

Maybe it'd help you feel better if you acknowledged that the student loan system is predatory, and that no 17 or 18 year has any real comprehension of the burden they have thrust upon them in order to get the degree everyone says is required if you don't want to spend your life in poverty. And that they have no real ability to predict how their life will go. Maybe you can muster some compassion for people who are drowning in a broken system that took advantage of their naivete at 17 and 18 years old. To compare that to Donald Trump and Elon Musk is ridiculous.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

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.

nope.
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.

Student loan interest deduction is only a maximum of $2500 a year. You must also itemize. Typically only homeowners itemize.

[Anonymous]

Anonymous wrote:

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?

I was mad about that too. So much fraud.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

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.

Student loan interest deduction is only a maximum of $2500 a year. You must also itemize. Typically only homeowners itemize.

you don’t have to itemize student loan deductions .

[Anonymous]

He did it! Should have been 25k and capped for individuals earning 100k (joint filers 200k), but still, there it is. Game, set, and midterms to the Dems.

[Anonymous]

Anonymous wrote:

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.

Maybe it'd help you feel better if you acknowledged that the student loan system is predatory, and that no 17 or 18 year has any real comprehension of the burden they have thrust upon them in order to get the degree everyone says is required if you don't want to spend your life in poverty. And that they have no real ability to predict how their life will go. Maybe you can muster some compassion for people who are drowning in a broken system that took advantage of their naivete at 17 and 18 years old. To compare that to Donald Trump and Elon Musk is ridiculous.

lenders don’t set tuition. Universities are predatory

[Anonymous]

Anonymous wrote:

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?!

It’s positive to you. A troll is someone who posts something they don’t care about but says it to fire people up. This person doesn’t have loans. I did have loans and I worked hard to pay them off and am working hard now to pay for my kids college. I have skin in the game. The troll has no real stake in this other than to try to appear benevolent. Well the troll can donate to some other scholarship program with the trolls money. This Biden give away is being funded by people like me who paid back our loans and are saving now and pay hefty taxes too.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

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.

Maybe it'd help you feel better if you acknowledged that the student loan system is predatory, and that no 17 or 18 year has any real comprehension of the burden they have thrust upon them in order to get the degree everyone says is required if you don't want to spend your life in poverty. And that they have no real ability to predict how their life will go. Maybe you can muster some compassion for people who are drowning in a broken system that took advantage of their naivete at 17 and 18 years old. To compare that to Donald Trump and Elon Musk is ridiculous.

lenders don’t set tuition. Universities are predatory

The whole thing is predatory. The whole requiring a degree for stuff anyone can be trained to do is something we should also address. You require a degree for a job? It needs to pay at least $X per year.

[Anonymous]

Totally agree.

Predatory universities and the student loan racket are in bed together on this. Time to hold universities to account

[Anonymous]

Anonymous wrote:

Anonymous wrote:

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?!

It’s positive to you. A troll is someone who posts something they don’t care about but says it to fire people up. This person doesn’t have loans. I did have loans and I worked hard to pay them off and am working hard now to pay for my kids college. I have skin in the game. The troll has no real stake in this other than to try to appear benevolent. Well the troll can donate to some other scholarship program with the trolls money. This Biden give away is being funded by people like me who paid back our loans and are saving now and pay hefty taxes too.

rhe·tor·i·cal ques·tion
noun
a question asked in order to create a dramatic effect or to make a point rather than to get an answer.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

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?!

It’s positive to you. A troll is someone who posts something they don’t care about but says it to fire people up. This person doesn’t have loans. I did have loans and I worked hard to pay them off and am working hard now to pay for my kids college. I have skin in the game. The troll has no real stake in this other than to try to appear benevolent. Well the troll can donate to some other scholarship program with the trolls money. This Biden give away is being funded by people like me who paid back our loans and are saving now and pay hefty taxes too.

You are not personally writing a check for $10k to forgive someone’s student loan. GTFO with your pathetic victimhood. You are not a victim. You are a spoiled brat.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

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.

nope.
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.

Student loan interest deduction is only a maximum of $2500 a year. You must also itemize. Typically only homeowners itemize.

'only $2500' ..... Lol, after only 4 years a student loan borrower can write up to $10k off.

You don't itemize for getting the student loan deduction, you get it even if you take the standard deduction.

You clown cars talk about tax breaks for corporations, businesses, home owners, 401ks etc. as a reason why deadbeats should get student loan forgiveness while completely ignoring the fact WE ALREADY DO GIVE TAX BREAKS TO STUDENT LOAN BORROWERS. They should immediately get rid of all tax breaks for student loan borrowers now they they got their handout. No double dipping.

[Anonymous]

I don't have student loans but I see on twitter a website called Nelnet crashed because millions of people went to check their student loan account balances.

Was the $10,000 or $20,000 really already deleted this morning? That's pretty neat if it happened that fast!

I'm happy for all that benefited.