What is going on with student loans?

[Anonymous]

Anonymous wrote: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.

Performative progressives are a cancer on the party.

[Anonymous]

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

If MDS, Nurse practitioners, and physician assistants work five years in an area with little to no medical help, I would be in favor of forgiving all of their student debt. The same for teachers. No other graduate degree loans should be forgiven.

We are turning into a nanny state.

[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.

“Pay you bills?” Deadbeats? Morons? Let me guess: you “paid your bills for an English major. Like many Americans, you overpaid.

[Anonymous]

Anonymous wrote:^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.

+100 This does nothing to help the increasing costs of attending universities.

[Anonymous]

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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!

Wow, you had your kids read Ayn Rand! How special.

[Anonymous]

Anonymous wrote:

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.

“Pay you bills?” Deadbeats? Morons? Let me guess: you “paid your bills for an English major. Like many Americans, you overpaid.

NP, but I feel frustrated by this too. I paid my loans. I was responsible. My degree was in Accounting and I became a CPA.

[Anonymous]

Fox News is covering this loan forgiveness as if it were a terrorist attack.

[Anonymous]

Student Loans forgiveness after 10 years for Public servants are a fair given the essential service they provide to the society (Teachers, firefighters, service members)

[Anonymous]

Anonymous wrote:Fox News is covering this loan forgiveness as if it were a terrorist attack.

It is. Domestic terrorism on our economy. Inflation is bad enough we don't need to add it. 10K won't change anyone's life, but $300 billion added to our national deficit will.

[Anonymous]

Is someone going to challenge in the courts whether the President can use Covid to justify such a large expenditure?

Are we saying our current economic situation is due to Covid?

If he adds a trillion to our debt with this spend and collapses our economy more can he use Monkeypox to justify another trillion of handouts?

[Anonymous]

Cutting from 10% of disposable income to 5% will increase the interest portion due to more payoff time. So not sure if this will help anyone.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

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.

“Pay you bills?” Deadbeats? Morons? Let me guess: you “paid your bills for an English major. Like many Americans, you overpaid.

NP, but I feel frustrated by this too. I paid my loans. I was responsible. My degree was in Accounting and I became a CPA.

Society would collapse if everyone chose their degree solely on the money making aspect. We genuinely NEED artists, teachers, child care workers, sociologists, therapists, researchers and other lower earning careers. Pretty much all jobs benefit society in one way or another, not just ones that pay $X after college. If everyone got a STEM, law, CPA, medical etc degree, there wouldn't be enough jobs to go around and now we'd have a bunch of "deadbeat morons" with huge debt and no job because those markets would be saturated. All education is good education.

[Anonymous]

Anonymous wrote:

Anonymous wrote:Fox News is covering this loan forgiveness as if it were a terrorist attack.

It is. Domestic terrorism on our economy. Inflation is bad enough we don't need to add it. 10K won't change anyone's life, but $300 billion added to our national deficit will.

Estimates of cost range from 300 billion to 1 trillion.

[Anonymous]

Anonymous wrote:

Anonymous wrote:Fox News is covering this loan forgiveness as if it were a terrorist attack.

It is. Domestic terrorism on our economy. Inflation is bad enough we don't need to add it. 10K won't change anyone's life, but $300 billion added to our national deficit will.

You heard it here first, folks. Student loan forgiveness is domestic terrorism.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

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!

Wow, you had your kids read Ayn Rand! How special.

Sorry but that was not my adult kid. It was stated by adult friend of one of my adult DC's. If a couple at 250k and a single at 125k live in a low cola area?