What is going on with student loans?

[Anonymous]

I don't understand the hate for this forgiveness. It works out to forgiving $2500/year for a four year degree.

I wish it could just be a grant instead of loan forgiveness, but we don't have that kind of system at the moment, so loan forgiveness will have to suffice.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

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Sounds to me you are pissed people whose families were poor enough to get a Pell Grant were able to go to college and earn a decent living. They deserve debt relief IMO, to say nothing of how dumb it is to equate the max income with the people getting the relief, who by definition have incomes LOWER than the max.

This tweet is referring to non-pell grant recipients, genius.

What are you talking about, GENIUS? Only Pell Grant recipients can get $20k in debt relief.

If a family that makes under $250,000 have BOTH parents with loans, that is $20,000, genius.

Okay, fair enough a-hole (since we're name-calling). Still incredibly dumb to suggest the recipients are all households earning $250k when that is the max. Not to mention, the author of that tweet made $1.6 million from the PPP program. Who paid for that, a-hole? Face it, both parties reward their constituencies with handouts, you just choose which one to be more angry about.

[Anonymous]

Anonymous wrote:Biden is forgiving loans for MBAs, JDs, and MDs.

Yes, this is true broadly as part of PSLF... perhaps not nearly as much for this blanket $10K forgiveness.

[Anonymous]

Anonymous wrote:I don't understand the hate for this forgiveness. It works out to forgiving $2500/year for a four year degree.

I wish it could just be a grant instead of loan forgiveness, but we don't have that kind of system at the moment, so loan forgiveness will have to suffice.

Because it’s only free money to the person receiving it. Those that paid their loans are now paying someone else’s

[Anonymous]

Anonymous wrote:

Anonymous wrote:I don't understand the hate for this forgiveness. It works out to forgiving $2500/year for a four year degree.

I wish it could just be a grant instead of loan forgiveness, but we don't have that kind of system at the moment, so loan forgiveness will have to suffice.

Because it’s only free money to the person receiving it. Those that paid their loans are now paying someone else’s

You're paying TAXES, which go to all sorts of things that you may not like, including forgiving a bunch of rich people's PPP loans.

[Anonymous]

Anonymous wrote:I don't understand the hate for this forgiveness. It works out to forgiving $2500/year for a four year degree.

I wish it could just be a grant instead of loan forgiveness, but we don't have that kind of system at the moment, so loan forgiveness will have to suffice.

Every dollar the US government spends or doesn't collect has to be paid for somehow. Not everyone agrees this is an efficient or productive spend of $10K per recipient.

[Anonymous]

Anonymous wrote:

Anonymous wrote:I don't understand the hate for this forgiveness. It works out to forgiving $2500/year for a four year degree.

I wish it could just be a grant instead of loan forgiveness, but we don't have that kind of system at the moment, so loan forgiveness will have to suffice.

Because it’s only free money to the person receiving it. Those that paid their loans are now paying someone else’s

kind of like how people without kids are paying for your kids education. Or the people who don’t commit crimes are paying incarcerate people who do. Or people who don’t get sick pay insurance premiums that pay for the people who are sick. We’re talking about absolute pennies or less, compared to hundreds of dollars every month for insurance, for example.

[Anonymous]

Anonymous wrote:

Anonymous wrote:I don't understand the hate for this forgiveness. It works out to forgiving $2500/year for a four year degree.

I wish it could just be a grant instead of loan forgiveness, but we don't have that kind of system at the moment, so loan forgiveness will have to suffice.

Because it’s only free money to the person receiving it. Those that paid their loans are now paying someone else’s

You're a typical DC area rich, educated, liberal. So angry that the middle class gets a little benefit while your parent's 529 took care of yours. Go ahead and vote for the fascist party, that will work out better for me than you as well.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:I don't understand the hate for this forgiveness. It works out to forgiving $2500/year for a four year degree.

I wish it could just be a grant instead of loan forgiveness, but we don't have that kind of system at the moment, so loan forgiveness will have to suffice.

Because it’s only free money to the person receiving it. Those that paid their loans are now paying someone else’s

kind of like how people without kids are paying for your kids education. Or the people who don’t commit crimes are paying incarcerate people who do. Or people who don’t get sick pay insurance premiums that pay for the people who are sick. We’re talking about absolute pennies or less, compared to hundreds of dollars every month for insurance, for example.

Or how her mortgage is so massive that she gets to itemize her interest so we all have to pay extra for the taxes she writes off.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:I don't understand the hate for this forgiveness. It works out to forgiving $2500/year for a four year degree.

I wish it could just be a grant instead of loan forgiveness, but we don't have that kind of system at the moment, so loan forgiveness will have to suffice.

Because it’s only free money to the person receiving it. Those that paid their loans are now paying someone else’s

You're a typical DC area rich, educated, liberal. So angry that the middle class gets a little benefit while your parent's 529 took care of yours. Go ahead and vote for the fascist party, that will work out better for me than you as well.

You're not middle class.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:I don't understand the hate for this forgiveness. It works out to forgiving $2500/year for a four year degree.

I wish it could just be a grant instead of loan forgiveness, but we don't have that kind of system at the moment, so loan forgiveness will have to suffice.

Because it’s only free money to the person receiving it. Those that paid their loans are now paying someone else’s

kind of like how people without kids are paying for your kids education. Or the people who don’t commit crimes are paying incarcerate people who do. Or people who don’t get sick pay insurance premiums that pay for the people who are sick. We’re talking about absolute pennies or less, compared to hundreds of dollars every month for insurance, for example.

Or how her mortgage is so massive that she gets to itemize her interest so we all have to pay extra for the taxes she writes off.

Massive whataboutism in this thread. Is there any spending that you would disagree with? Anything that would make your what about that deduction no longer a valid point? It isn't a valid point at any level but wondering what you think.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:I don't understand the hate for this forgiveness. It works out to forgiving $2500/year for a four year degree.

I wish it could just be a grant instead of loan forgiveness, but we don't have that kind of system at the moment, so loan forgiveness will have to suffice.

Because it’s only free money to the person receiving it. Those that paid their loans are now paying someone else’s

kind of like how people without kids are paying for your kids education. Or the people who don’t commit crimes are paying incarcerate people who do. Or people who don’t get sick pay insurance premiums that pay for the people who are sick. We’re talking about absolute pennies or less, compared to hundreds of dollars every month for insurance, for example.

Or how her mortgage is so massive that she gets to itemize her interest so we all have to pay extra for the taxes she writes off.

Massive whataboutism in this thread. Is there any spending that you would disagree with? Anything that would make your what about that deduction no longer a valid point? It isn't a valid point at any level but wondering what you think.

Yes I will argue about all spending when you GOP voters sent a TV salesman grifter to the White House and gave up on fiscal conservatism. Honestly if we don't benefit from spending then y'all would just give it to Musk, Bezos, or Russia.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

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.

Well you must be living with your head in the sand. International students create a lot of burden on US tax payers.

I used to work as a foreign student advisor at a university processing visa paperwork, so I think I know a little bit more than you about the topic. What do you mean that "international students create a lot of burden on US tax payers?" Are you talking about undocumented immigrants? I'm talking about college students that come here lawful. I can assure you that they contribute billions to our economy every year and are propping up many of our colleges. In fact, their numbers have dropped due to Covid (and before that due to Trump's rhetoric), and colleges are definitely feeling the pinch. You either don't know what you're talking about or you are a troll.

The continued growth in international students coming to the U.S. for higher education had a significant positive economic impact on the United States. International students contributed $45 billion to the U.S. economy in 2018, according to the U.S. Department of Commerce.
https://www.iie.org/Research-and-Insights/Open-Doors/Economic-Impact-of-International-Students

[Anonymous]

Republicans give you an unwanted child while Democrats pay your student loans.

[Anonymous]

Anonymous wrote:

Anonymous wrote:Biden is forgiving loans for MBAs, JDs, and MDs.

Yes, this is true broadly as part of PSLF... perhaps not nearly as much for this blanket $10K forgiveness.

Only if they earn within the allowable limits.