What is going on with student loans?

[Anonymous]

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

Yes, Team education. Boo, Team forced birth.

[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

It isn’t “free money”. People with student loans have jobs and pay taxes too!

[Anonymous]

Does absolutely zero to control costs.

First baby step towards total and permanent forgiveness.

What's going to stop another set of whiners 4 years from now asking for their free handouts again?

[Anonymous]

Honestly I feel depressed & hopeless about politics. I have no doubt the GOP is going to sweep the midterms, and do really crappy things in office to undermine our democracy.

And they’re going to do it because Democrats keep focusing on unpopular crappy legislation.

I’ve always liked Biden but he is embracing policies that Americans overwhelmingly dislike.

[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.

These are the pussy-hat wearing, BLM-signs-on-the-lawn liberals. As long as it does not cost them anything, they will revel in performative activism while condemning those who are less fortunate as ne're-do-wells. At least Republicans are openly contemptuous of the poors.

[Anonymous]

Anonymous wrote:Does absolutely zero to control costs.

First baby step towards total and permanent forgiveness.

What's going to stop another set of whiners 4 years from now asking for their free handouts again?

Isn't it the case that with the pandemic and even before that that colleges have seen declining applications as young people have realized that school is too expensive and the ROI may not be there anymore? With the pandemic, wage growth, the strange state of the economy, and other changes, maybe this problem is taking care of itself.

[Anonymous]

Also, why in the hell is he extending the moratorium?

PAY YOU BILLS you deadbeat losers. Absolutely zero reason to extend the moratorium on top of this while he tries to pump the unemployment numbers.

Creating a gigantic generation of morons who’ll feel permanently entitled to everything and who’ll always cry to the govt to get what they want. This is sickening. Put a moratorium on mortgages while you are at it.

[Anonymous]

Anonymous wrote:Does absolutely zero to control costs.

First baby step towards total and permanent forgiveness.

What's going to stop another set of whiners 4 years from now asking for their free handouts again?

This. No one has answered my above question…. What now?!? The rising costs of college, corresponding reduction of quality education is a trend that will only WORSEN if universities are not held accountable. Instead, we are subsidizing the trend! So, WHAT are we going to do about the problem of ever increasing university costs?!? If government pays (not a bad idea in theory), let’s make universities about education, not about pouring money into the pockets of worthless university admins who make sure students have lots of fun things to do instead of study and impose arbitrary bureaucratic processes into the educational experience.

[Anonymous]

Anonymous wrote:Also, why in the hell is he extending the moratorium?

PAY YOU BILLS you deadbeat losers. Absolutely zero reason to extend the moratorium on top of this while he tries to pump the unemployment numbers.

Creating a gigantic generation of morons who’ll feel permanently entitled to everything and who’ll always cry to the govt to get what they want. This is sickening. Put a moratorium on mortgages while you are at it.

Lol

What a fantasy!

[Anonymous]

Anonymous wrote:

Anonymous wrote:Does absolutely zero to control costs.

First baby step towards total and permanent forgiveness.

What's going to stop another set of whiners 4 years from now asking for their free handouts again?

This. No one has answered my above question…. What now?!? The rising costs of college, corresponding reduction of quality education is a trend that will only WORSEN if universities are not held accountable. Instead, we are subsidizing the trend! So, WHAT are we going to do about the problem of ever increasing university costs?!? If government pays (not a bad idea in theory), let’s make universities about education, not about pouring money into the pockets of worthless university admins who make sure students have lots of fun things to do instead of study and impose arbitrary bureaucratic processes into the educational experience.

I’ve been saying that the giant endowments need to chip in.

[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... 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.

Right now we, my young adult DCs and DH plus friends, parents are dumbfounded. All want a check or tax credit per student for this freebie. And for those who went to grad school or do STEM and are over the income limit? And if in public service category and paid back the money? While a slug did not?

One said - should ask for a pay cut to get the 10k!

[Anonymous]

Anonymous wrote:Does absolutely zero to control costs.

First baby step towards total and permanent forgiveness.

What's going to stop another set of whiners 4 years from now asking for their free handouts again?

Another $2500 a year towards your college education? Where will it end?!?!

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Does absolutely zero to control costs.

First baby step towards total and permanent forgiveness.

What's going to stop another set of whiners 4 years from now asking for their free handouts again?

This. No one has answered my above question…. What now?!? The rising costs of college, corresponding reduction of quality education is a trend that will only WORSEN if universities are not held accountable. Instead, we are subsidizing the trend! So, WHAT are we going to do about the problem of ever increasing university costs?!? If government pays (not a bad idea in theory), let’s make universities about education, not about pouring money into the pockets of worthless university admins who make sure students have lots of fun things to do instead of study and impose arbitrary bureaucratic processes into the educational experience.

I’ve been saying that the giant endowments need to chip in.

Chip in???…….. we are taking money from taxpayers to pay largely for frivolities.
anyway, there’s a reason no one graduates from Harvard undergrad with need based debt. The schools with big endowments can afford nice scholarships already.

[Anonymous]

^also, “chipping in” doesn’t solve the greater problem at all. :/ universities need to change and go back to focusing on educating students as a top priority. The money making model is not working.

[Anonymous]

Anonymous wrote:

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.

The allowable limits should be $50,000 not $125,000.