Student loan forgiveness has made me even more distant from my father

[Anonymous]

Anonymous wrote:The money used for student loan forgiveness comes from other places. It isn’t free. Costs taxpayers money, and has other repercussions. It’s valid for people to be opposed to loan forgiveness. It’s fine to disagree, but there are logical arguments for both sides. You’re the one being rigid and narrow minded.

This isn’t entirely true. The reason student loan forgiveness is necessary at all is because of the government’s predatory lending policies for decades. The money already made on high interest, unethical and exorbitant lending practices over the years (capitalizing interest for example, and not discharging at death, and refusing to pay the millions of qualified PSLF borrowers who put in their 10+ years of public service and then were denied forgiveness because the lending agencies obfuscated or flagrantly misinformed borrowers) made the lenders A LOT of money over the past 20+ years.

[Anonymous]

Anonymous wrote:

Anonymous wrote:From a political perspective, the loan forgiveness issue presents a minefield for the GOP. Many reputable and non-partisan economists forecast a serious recession in FY23 second and third quarters, resulting in serious layoffs, especially younger and less experienced workers, the demographic most likely to hold student loans. As realized in the recent midterms, young people vote. The GOP House hard line against no student loan forgiveness will damage them politically.

To a great extent President Biden has effectively reduced federally subsidized student loan balances through Department of Education regulatory capture. True, the President lacks authority to simply forgive the debt, yet he has the authority through the DOE to restructure the repayment formulas to minimize the repayment, basing repayment on earnings rather than debt amount and establishing a short repayment time requirement.

Actually it's not a partisan issue. I am not a Trumper or even a moderate, but I am against the student loan forgiveness, as are 76% of people of both party affiliations. NOTHING IS FREE. Why should I have paid all my loans off and you didn't? Sorry, there is no way you can cherry pick this issue.

You’re right, nothing is free. That’s why the absolute greed and borderline illegal lending practices of the last 20 years are now being offset with the forgiveness. If people were smarter they would realize that there should be multiple massive class action lawsuits, but unfortunately you can’t sue the government that did a reprehensible bait and switch scam on so many lenders.

[Anonymous]

Anonymous wrote:My son has a great deal of student loan debt (medical school) and I am against the $10,000 forgiveness plan. I don’t think it is up to the American taxpayers to pay his debts. Debt reduction also doesn’t solve the problem. College tuition has increased exponentially greater than inflation. The schools are still making their money.

Gosh you people are so stupid. The colleges tuition inflation is a direct result of the government’s lending practices that encourage people to take on the debt. One time forgiveness followed by a correction to the predatory lending might help stabilize tuition.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:OP, go see a therapist. Some of this is your dad, some of this is you. And has nothing to do with politics. Maybe you don’t mean to, but you come across as narcissistic.

BTW, no one is going broke on a marijuana habit. I get the feeling if his hobby were fishing, you’d have an issue about how he bought himself a fishing pole and made you take out student loans. Basically, he’s supposed to foresake anything that brings him a little bit of pleasure for you. I hope you aren’t raising your own children the way you wanted to be treated. You sound like you want everything handed to you at someone else’s expense. As a lifelong Dem voter, I can’t stand this attitude -it gives fuel to people who don’t want to support social programs for the underprivileged.

Op here. People do go broke from buying marijuana. You have no idea what my childhood was like because of his drug habit. He could have provided us with a much better upbringing if he wasn't high all the time. He was feeling a little pleasure daily. That's not okay. Even if I didn't qualify for student loan forgiveness, I would still support others who do qualify.

You sound like a mess. Go to therapy.

I have been to therapy but I can't afford to go for years and years. Being high all the time isn't normal. It's not like going fishing. It impacted my childhood. My dad still operates this way even when he visits us out of state. The student loan things bring memories of when I was younger and he wasn't available financially or emotionally to help me. Growing up in the midwest without a car was very, very hard. We lived in an upper middle-class neighborhood and I was the only one in college and beyond without a car.

Omg. I grew up UMC in the suburbs and none of my siblings or I was given a car. Work and buy a used one yourself if you want a car as a teenager.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:From a political perspective, the loan forgiveness issue presents a minefield for the GOP. Many reputable and non-partisan economists forecast a serious recession in FY23 second and third quarters, resulting in serious layoffs, especially younger and less experienced workers, the demographic most likely to hold student loans. As realized in the recent midterms, young people vote. The GOP House hard line against no student loan forgiveness will damage them politically.

To a great extent President Biden has effectively reduced federally subsidized student loan balances through Department of Education regulatory capture. True, the President lacks authority to simply forgive the debt, yet he has the authority through the DOE to restructure the repayment formulas to minimize the repayment, basing repayment on earnings rather than debt amount and establishing a short repayment time requirement.

Actually it's not a partisan issue. I am not a Trumper or even a moderate, but I am against the student loan forgiveness, as are 76% of people of both party affiliations. NOTHING IS FREE. Why should I have paid all my loans off and you didn't? Sorry, there is no way you can cherry pick this issue.

You’re right, nothing is free. That’s why the absolute greed and borderline illegal lending practices of the last 20 years are now being offset with the forgiveness. If people were smarter they would realize that there should be multiple massive class action lawsuits, but unfortunately you can’t sue the government that did a reprehensible bait and switch scam on so many lenders.

^^meant so many borrowers

[Anonymous]

OP is actually a good example of why student loan forgiveness is a thing. She was an extremely poor credit risk: someone who borrowed money she could not afford and then did not finish the degree and therefore did not get the higher paying job that would have allowed her to easily pay off the low five figure loan. She should possibly not have qualified for the loan to begin with, but was allowed to borrow, probably for exorbitant tuition at an interest rate she could not afford, on which the lenders has likely collected a great deal of interest without making much of a dent in the principal. This is the kind of loan shark tactic for which the current government is holding itself accountable even though it was enacted by prior administrations. It’s giving people like this a fresh start, which I’m okay with as most of them did not realize how screwed they were from the get go. And a great many of them have paid the value of the loan over again already in interest.

[Anonymous]

To the anti-loan forgiveness people

1. Your taxes are NOT paying anyone's student loans. Not how this works.

2. The Department of Education has made a BOATLOAD of profit on interest over the last 50 years. They could forgive every existing debt and still be in the black from all of the profits made.

3. Debt Money is not real money. Let me wash rinse repeat. Debt Money is not real Money.

[Anonymous]

Here are the breadcrumbs for those who may have slept through high school economics (or maybe didnt even have an Econ class)

1. Google or YouTube the following keywords: Credit Theory of Money

2. Google keywords (Profits, Predatory Lending, Student Loans, US Dept Ed)

3. Google "Where do my Federal Taxes Go"

[Anonymous]

Anonymous wrote:To the anti-loan forgiveness people

1. Your taxes are NOT paying anyone's student loans. Not how this works.

2. The Department of Education has made a BOATLOAD of profit on interest over the last 50 years. They could forgive every existing debt and still be in the black from all of the profits made.

3. Debt Money is not real money. Let me wash rinse repeat. Debt Money is not real Money.

Responding to #2:

https://www.npr.org/2022/07/29/1114560119/student-loan-program-cost

You seem to be misrepresenting the situation.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:OP, go see a therapist. Some of this is your dad, some of this is you. And has nothing to do with politics. Maybe you don’t mean to, but you come across as narcissistic.

BTW, no one is going broke on a marijuana habit. I get the feeling if his hobby were fishing, you’d have an issue about how he bought himself a fishing pole and made you take out student loans. Basically, he’s supposed to foresake anything that brings him a little bit of pleasure for you. I hope you aren’t raising your own children the way you wanted to be treated. You sound like you want everything handed to you at someone else’s expense. As a lifelong Dem voter, I can’t stand this attitude -it gives fuel to people who don’t want to support social programs for the underprivileged.

Op here. People do go broke from buying marijuana. You have no idea what my childhood was like because of his drug habit. He could have provided us with a much better upbringing if he wasn't high all the time. He was feeling a little pleasure daily. That's not okay. Even if I didn't qualify for student loan forgiveness, I would still support others who do qualify.

Wait wait wait - you are a college drop out, who owes student loans, and you blame your dad? I wish you could understand how pathological you sound. You blame your failures on other people, which is very childlike. All an external locus of control. If you had no car, get a job and buy one.

I'm this poster. The more I read OP's post above it, the more ick it makes me feel. That she is broke up because he "is feeling pleasure daily." After not buying her a car as a teen. This is so dysfunctional. I bet her father blames his shortcomings on his parents too, and it's just a vicious cycle of generational failures. Wake up OP. Go accomplish things. Forget the past.

[Anonymous]

Just remember, the plaintiffs in the lawsuit got PPP loans for marginally existing businesses are did several members of congress. Loan forgiveness for me not for thee

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:OP, go see a therapist. Some of this is your dad, some of this is you. And has nothing to do with politics. Maybe you don’t mean to, but you come across as narcissistic.

BTW, no one is going broke on a marijuana habit. I get the feeling if his hobby were fishing, you’d have an issue about how he bought himself a fishing pole and made you take out student loans. Basically, he’s supposed to foresake anything that brings him a little bit of pleasure for you. I hope you aren’t raising your own children the way you wanted to be treated. You sound like you want everything handed to you at someone else’s expense. As a lifelong Dem voter, I can’t stand this attitude -it gives fuel to people who don’t want to support social programs for the underprivileged.

Op here. People do go broke from buying marijuana. You have no idea what my childhood was like because of his drug habit. He could have provided us with a much better upbringing if he wasn't high all the time. He was feeling a little pleasure daily. That's not okay. Even if I didn't qualify for student loan forgiveness, I would still support others who do qualify.

Wait wait wait - you are a college drop out, who owes student loans, and you blame your dad? I wish you could understand how pathological you sound. You blame your failures on other people, which is very childlike. All an external locus of control. If you had no car, get a job and buy one.

I'm this poster. The more I read OP's post above it, the more ick it makes me feel. That she is broke up because he "is feeling pleasure daily." After not buying her a car as a teen. This is so dysfunctional. I bet her father blames his shortcomings on his parents too, and it's just a vicious cycle of generational failures. Wake up OP. Go accomplish things. Forget the past.

Op here. Some of you are sick and have no idea what its like to have parents that are drug addicts. You know what's dysfunctional? Parents who do drugs.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:OP, go see a therapist. Some of this is your dad, some of this is you. And has nothing to do with politics. Maybe you don’t mean to, but you come across as narcissistic.

BTW, no one is going broke on a marijuana habit. I get the feeling if his hobby were fishing, you’d have an issue about how he bought himself a fishing pole and made you take out student loans. Basically, he’s supposed to foresake anything that brings him a little bit of pleasure for you. I hope you aren’t raising your own children the way you wanted to be treated. You sound like you want everything handed to you at someone else’s expense. As a lifelong Dem voter, I can’t stand this attitude -it gives fuel to people who don’t want to support social programs for the underprivileged.

Op here. People do go broke from buying marijuana. You have no idea what my childhood was like because of his drug habit. He could have provided us with a much better upbringing if he wasn't high all the time. He was feeling a little pleasure daily. That's not okay. Even if I didn't qualify for student loan forgiveness, I would still support others who do qualify.

Wait wait wait - you are a college drop out, who owes student loans, and you blame your dad? I wish you could understand how pathological you sound. You blame your failures on other people, which is very childlike. All an external locus of control. If you had no car, get a job and buy one.

I'm this poster. The more I read OP's post above it, the more ick it makes me feel. That she is broke up because he "is feeling pleasure daily." After not buying her a car as a teen. This is so dysfunctional. I bet her father blames his shortcomings on his parents too, and it's just a vicious cycle of generational failures. Wake up OP. Go accomplish things. Forget the past.

Op here. Some of you are sick and have no idea what its like to have parents that are drug addicts. You know what's dysfunctional? Parents who do drugs.

OP, some of us have been in your shoes. We make different choices from you, get help, and work on our own outlook. You need to be the ultimate victim in every story so suppose you will post back telling us that your life is so much worse. Have at it. You don’t want to deal with your trauma, you want to wallow in it. That is the behavior you are modeling for children and it’s damaging.

[Anonymous]

OP, student loan forgiveness is costing your father. Whatever your feelings on it, it is selfish to not understand where he's coming from.

[Anonymous]

Anonymous wrote:OP, student loan forgiveness is costing your father. Whatever your feelings on it, it is selfish to not understand where he's coming from.

OP should definitely get out a grinder and give him the millionth of a penny that he’s out personally