What is going on with student loans?

[Anonymous]

Anonymous wrote:I’m so done with this country. Every American is a deadbeat looking for a handout. Gone are the days when we were held accountable for the commitments we made. Now we are apparently just losers who beg for public aid. Disgusting.

Again, people who pay student loans are also tax payers. I’m tired of conservative who believe they hit a home run when they’re batting from third. Conservative believe they’re the only ones who work hard and completely buy into the biggest lie that they “pulled themselves up by their bootstraps,” but failed to see that they were given Gucci boots by mom and dad. They’re completely blind to the huge advantages they’ve had in life.

[Anonymous]

Anonymous wrote:

Anonymous wrote:I’m so done with this country. Every American is a deadbeat looking for a handout. Gone are the days when we were held accountable for the commitments we made. Now we are apparently just losers who beg for public aid. Disgusting.

Again, people who pay student loans are also tax payers. I’m tired of conservative who believe they hit a home run when they’re batting from third. Conservative believe they’re the only ones who work hard and completely buy into the biggest lie that they “pulled themselves up by their bootstraps,” but failed to see that they were given Gucci boots by mom and dad. They’re completely blind to the huge advantages they’ve had in life.

You can’t see that this is a giveaway to colleges, who will simply raise their rates?

[Anonymous]

I had to LOL when someone said but farmers didn't go to college and they don't get handouts.

Do you even know how farms work?

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:I’m so done with this country. Every American is a deadbeat looking for a handout. Gone are the days when we were held accountable for the commitments we made. Now we are apparently just losers who beg for public aid. Disgusting.

Again, people who pay student loans are also tax payers. I’m tired of conservative who believe they hit a home run when they’re batting from third. Conservative believe they’re the only ones who work hard and completely buy into the biggest lie that they “pulled themselves up by their bootstraps,” but failed to see that they were given Gucci boots by mom and dad. They’re completely blind to the huge advantages they’ve had in life.

You can’t see that this is a giveaway to colleges, who will simply raise their rates?

Federal student loans are already capped, so there isn’t much room for colleges to raise tuition rates in response to this.

[Anonymous]

While I do vote D, I hate this move on so manny levels, as it seems to be nothing but a shameless vote grab. It pisses of anyone who paid for college with savings, or paid off their loans, it costs the taxpayers (of which that first pissed off portion are part), and it pushes tuition costs higher, which costs future college students (and their parents.)

There is a version of this that can serve the public interest, where loans are forgiven if you went into teaching (and commit to an X number of more years), for example. Or medical school loans for going in an underserved area/undesirable speciality. But even that variety is better served by helping out with tuition upfront and requiring repayment, rather than loans.

[Anonymous]

Anonymous wrote:While I do vote D, I hate this move on so manny levels, as it seems to be nothing but a shameless vote grab. It pisses of anyone who paid for college with savings, or paid off their loans, it costs the taxpayers (of which that first pissed off portion are part), and it pushes tuition costs higher, which costs future college students (and their parents.)

There is a version of this that can serve the public interest, where loans are forgiven if you went into teaching (and commit to an X number of more years), for example. Or medical school loans for going in an underserved area/undesirable speciality. But even that variety is better served by helping out with tuition upfront and requiring repayment, rather than loans.

I paid off my own loans and have no problem with this student loan debt relief. Perhaps you should own your own views instead of trying to attribute them to everyone.

[Anonymous]

Anonymous wrote:

Anonymous wrote:While I do vote D, I hate this move on so manny levels, as it seems to be nothing but a shameless vote grab. It pisses of anyone who paid for college with savings, or paid off their loans, it costs the taxpayers (of which that first pissed off portion are part), and it pushes tuition costs higher, which costs future college students (and their parents.)

There is a version of this that can serve the public interest, where loans are forgiven if you went into teaching (and commit to an X number of more years), for example. Or medical school loans for going in an underserved area/undesirable speciality. But even that variety is better served by helping out with tuition upfront and requiring repayment, rather than loans.

I paid off my own loans and have no problem with this student loan debt relief. Perhaps you should own your own views instead of trying to attribute them to everyone.

So you have no problem plunging our country deeper into debt for superficial loan forgiveness that does nothing to alleviate the actual problem? Are you in your early 20s? You sound like someone who hasn't paid taxes for very long.

[Anonymous]

[Anonymous]

Anonymous wrote:While I do vote D, I hate this move on so manny levels, as it seems to be nothing but a shameless vote grab. It pisses of anyone who paid for college with savings, or paid off their loans, it costs the taxpayers (of which that first pissed off portion are part), and it pushes tuition costs higher, which costs future college students (and their parents.)

There is a version of this that can serve the public interest, where loans are forgiven if you went into teaching (and commit to an X number of more years), for example. Or medical school loans for going in an underserved area/undesirable speciality. But even that variety is better served by helping out with tuition upfront and requiring repayment, rather than loans.

That already exists.

Plus federal employees have a pay back program.

Private industry has been paying loans off for year.

Farmers have govt backed no interest loans to buy seed, etc at the beginning of every planting season. Plus the Inflation reduction act give at risk loans forgiveness. Farmers have had student loan forgiveness for years.

PPP Loan forgiveness is in the billions.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:While I do vote D, I hate this move on so manny levels, as it seems to be nothing but a shameless vote grab. It pisses of anyone who paid for college with savings, or paid off their loans, it costs the taxpayers (of which that first pissed off portion are part), and it pushes tuition costs higher, which costs future college students (and their parents.)

There is a version of this that can serve the public interest, where loans are forgiven if you went into teaching (and commit to an X number of more years), for example. Or medical school loans for going in an underserved area/undesirable speciality. But even that variety is better served by helping out with tuition upfront and requiring repayment, rather than loans.

I paid off my own loans and have no problem with this student loan debt relief. Perhaps you should own your own views instead of trying to attribute them to everyone.

So you have no problem plunging our country deeper into debt for superficial loan forgiveness that does nothing to alleviate the actual problem? Are you in your early 20s? You sound like someone who hasn't paid taxes for very long.

It will stimulate the economy unlike the PPP loan forgiveness or like when we bailed out banks

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:While I do vote D, I hate this move on so manny levels, as it seems to be nothing but a shameless vote grab. It pisses of anyone who paid for college with savings, or paid off their loans, it costs the taxpayers (of which that first pissed off portion are part), and it pushes tuition costs higher, which costs future college students (and their parents.)

There is a version of this that can serve the public interest, where loans are forgiven if you went into teaching (and commit to an X number of more years), for example. Or medical school loans for going in an underserved area/undesirable speciality. But even that variety is better served by helping out with tuition upfront and requiring repayment, rather than loans.

That is the opposite of what we need. We have to cool off.

I paid off my own loans and have no problem with this student loan debt relief. Perhaps you should own your own views instead of trying to attribute them to everyone.

So you have no problem plunging our country deeper into debt for superficial loan forgiveness that does nothing to alleviate the actual problem? Are you in your early 20s? You sound like someone who hasn't paid taxes for very long.

It will stimulate the economy unlike the PPP loan forgiveness or like when we bailed out banks

[Anonymous]

^This is the opposite of what we need. We need to cool off from all the monopoly money that's fueling inflation.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:While I do vote D, I hate this move on so manny levels, as it seems to be nothing but a shameless vote grab. It pisses of anyone who paid for college with savings, or paid off their loans, it costs the taxpayers (of which that first pissed off portion are part), and it pushes tuition costs higher, which costs future college students (and their parents.)

There is a version of this that can serve the public interest, where loans are forgiven if you went into teaching (and commit to an X number of more years), for example. Or medical school loans for going in an underserved area/undesirable speciality. But even that variety is better served by helping out with tuition upfront and requiring repayment, rather than loans.

I paid off my own loans and have no problem with this student loan debt relief. Perhaps you should own your own views instead of trying to attribute them to everyone.

So you have no problem plunging our country deeper into debt for superficial loan forgiveness that does nothing to alleviate the actual problem? Are you in your early 20s? You sound like someone who hasn't paid taxes for very long.

It will stimulate the economy unlike the PPP loan forgiveness or like when we bailed out banks

Sure it will.

And, for those of you drawing a false equivalence between PPP loans and this debt transfer......

I vaguely remember Congress passing the PPP loans.
This action is being done unilaterally by the president and it is doubtful he has the authority to do so.

[Anonymous]

Anonymous wrote:^This is the opposite of what we need. We need to cool off from all the monopoly money that's fueling inflation.

The cause/fuel for inflation is not monopoly money. But thanks for showing your level of seriousness about the issue.

[Anonymous]

Anonymous wrote:

Anonymous wrote:^This is the opposite of what we need. We need to cool off from all the monopoly money that's fueling inflation.

The cause/fuel for inflation is not monopoly money. But thanks for showing your level of seriousness about the issue.

We're pumping new money into the economy on the order of trillions. Pick another term it's fine. I never liked board games.