What is going on with student loans?

[Anonymous]

Anonymous wrote:

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.

In your Orwellian world I am the brat. You probably punish the kid who cries when his stuff is stolen by another kid. This is my taxpayer money paying for someone else’s bad choices. Whose? Well the worst people in this are the universities charging outrageous amounts for often crappy degrees. And who else? The banks who loan lots of money to people without any real inquiry into whether the person will have sufficient earning potential to repay the mortgage. Who else? The borrowers. Because for every teacher out there struggling to repay the degrees with a crappy teacher salary there is a lawyer who took loans and did study abroad on student loans. The landscape has changed. In my day the kids are student loans didn’t do they stuff and stayed in student housing as long as possible becaus it was cheapest and at crap like ramen. The modern student loan recipient is unencumbered. But yeah. Call my state school, living with family, working 2 jobs to cover tuition because the federal loan wasn’t enough butt a spoiled brat.

[Anonymous]

90% of borrowers who benefit from this forgiveness make less than $75k a year, according to WH comma director.

[Anonymous]

I can’t even log into nelnet now. I want to ask them if I can just consolidate 10k into a direct loan and not all of it

[Anonymous]

Anonymous wrote:

Anonymous wrote:

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.

In your Orwellian world I am the brat. You probably punish the kid who cries when his stuff is stolen by another kid. This is my taxpayer money paying for someone else’s bad choices. Whose? Well the worst people in this are the universities charging outrageous amounts for often crappy degrees. And who else? The banks who loan lots of money to people without any real inquiry into whether the person will have sufficient earning potential to repay the mortgage. Who else? The borrowers. Because for every teacher out there struggling to repay the degrees with a crappy teacher salary there is a lawyer who took loans and did study abroad on student loans. The landscape has changed. In my day the kids are student loans didn’t do they stuff and stayed in student housing as long as possible becaus it was cheapest and at crap like ramen. The modern student loan recipient is unencumbered. But yeah. Call my state school, living with family, working 2 jobs to cover tuition because the federal loan wasn’t enough butt a spoiled brat.

Don Jr. is that you? Lol

[Anonymous]

I’m fine with this decision but what proactive steps will be taken going forward to make college more affordable and protect those individuals who are going to college in the next decade? As a HS teacher I could see seniors taking more loans than they would have assuming it will be forgiven eventually. I don’t see universities tightening their coffers and adjusting tuition, they just keep increasing. What systemic changes will be made to this very broken system?

[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.

Actually, I'm the original PP and I'm not a troll, I'm genuinely happy for these people who are being helped. Good on you for working hard to pay off your loans. Some of these people were not as fortunate as you. Some people had to drop out of college to help take care of family members and weren't able to complete their degree, therefore depriving them of a decent-paying job to pay off their loans. Some people graduated smack-dab during the recession and their degree wasn't worth a damn, putting them on a trajectory that wasn't what they had hoped for when they went into college.

There are actually people working their butts off, just like you, maybe even harder in some cases, and it's still not enough to stay afloat. If this makes their lives and their families' lives a little easier, yes, I'm thrilled. It's called empathy, geez.

[Anonymous]

Anonymous wrote: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.

Did the WH announce when the adjustment will be seen? I find it hard to believe it's immediate.

[Anonymous]

Thank you Biden for ignoring Boomer Wall Street economist Larry Summers! Those great recession morons like him have been letting the elites grift off our tax payers for billions so glad he was told to pound sand when he advised regular people not be given a bail out. He can go back to teaching those Harvard economics students about the benefits of subsidizing private businesses when they are too big to fail.

[Anonymous]

Anonymous wrote:

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.

Where is the income limit for mortgage deductions on houses, you fool? People who make over 80K a year do NOT get to deduct interest you clown.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

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.

In your Orwellian world I am the brat. You probably punish the kid who cries when his stuff is stolen by another kid. This is my taxpayer money paying for someone else’s bad choices. Whose? Well the worst people in this are the universities charging outrageous amounts for often crappy degrees. And who else? The banks who loan lots of money to people without any real inquiry into whether the person will have sufficient earning potential to repay the mortgage. Who else? The borrowers. Because for every teacher out there struggling to repay the degrees with a crappy teacher salary there is a lawyer who took loans and did study abroad on student loans. The landscape has changed. In my day the kids are student loans didn’t do they stuff and stayed in student housing as long as possible becaus it was cheapest and at crap like ramen. The modern student loan recipient is unencumbered. But yeah. Call my state school, living with family, working 2 jobs to cover tuition because the federal loan wasn’t enough butt a spoiled brat.

More than likely the salary caps are going to prevent the lawyer in your story from reaping the benefit. Any lawyers that fall under the cap probably qualify for PSLF. I think he did the best he could to structure this in a way that the bulk of those benefitting are in fact lower middle class people who went to school as a way to create a better life for themselves.

[Anonymous]

Incredibly stupid decision. Now more people will assume taxpayers will bail them out, so they’ll continue borrowing money they can’t/won’t pay back. No thanks. I’m barely able to pay for my own kids’ education. Not interested in paying for someone else’s. Completely moronic.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

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.

Where is the income limit for mortgage deductions on houses, you fool? People who make over 80K a year do NOT get to deduct interest you clown.

$80k is modified AGI you imbecile. Someone making upwards of $100k gross could still qualify for writing $2500 in student loans if they contribute enough to IRAs and 401k and after you factor in other things like healthcare contributions dum dum.

We already give tax breaks to student loan borrowers moron. Many homeowners don’t even write off interest now anyway with the standard deduction, so your point is worthless.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

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.

No you're not. And you are ASSUMING someone made "bad choices." How convenient for your narrative.

No one benefits from a society of people drowning in student loan debt with predatory interest rates and policies. And I say this as someone who worked my own a-- off to pay off my loans. At the expense of earning potential, retirement savings, etc. I don't begrudge anyone who benefits from this. Because I'm not a f--ing child.

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.

In your Orwellian world I am the brat. You probably punish the kid who cries when his stuff is stolen by another kid. This is my taxpayer money paying for someone else’s bad choices. Whose? Well the worst people in this are the universities charging outrageous amounts for often crappy degrees. And who else? The banks who loan lots of money to people without any real inquiry into whether the person will have sufficient earning potential to repay the mortgage. Who else? The borrowers. Because for every teacher out there struggling to repay the degrees with a crappy teacher salary there is a lawyer who took loans and did study abroad on student loans. The landscape has changed. In my day the kids are student loans didn’t do they stuff and stayed in student housing as long as possible becaus it was cheapest and at crap like ramen. The modern student loan recipient is unencumbered. But yeah. Call my state school, living with family, working 2 jobs to cover tuition because the federal loan wasn’t enough butt a spoiled brat.

[Anonymous]

I am now a Republican.

[Anonymous]

Anonymous wrote:I am now a Republican.

Have fun with supporting assault weapons and forced birthing then!