What is going on with student loans?

[Anonymous]

its hillarious, in your lifetime you will be giving this money back because your taxes will go up and adds to inflation. so dumb

[Anonymous]

Anonymous wrote:

Anonymous wrote:So many wealthy people for whom 10k is a drop in the bucket and who benefit from all sorts of tax loopholes for the rich and gigantic PPP loan forgiveness are making a lot of noise about someone earning 50k a year getting a break for once. Can’t have those poors getting something they don’t qualify for!

Exactly this.

Also they fail to realize that college has gotten so much more expensive than back in the 1980s and 90s because states slashed funding for colleges to make taxes cheaper.

Ha! No. Tuition increased because of the increase of administrators, increase of non-critical student services, fancy facilities that don’t contribute to education. The only cuts universities have made is paying their professors and hiring a glut of adjunct professors instead of tenure-track. It’s a money making business now that the government is subsidizing with taxes from rich AND poor alike.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:This is terrible for inflation. Now all those people will just take the money they would have spent on loan payments and go buy more crap. We don’t need to stimulate the economy, we need to cool it.

Tell me you don’t have student loans without telling me you don’t have student loans If you are in a position where you qualify to have $10k forgiven, chances are you have tens of thousands more in student loans that you still need to pay back, so this amounts to maybe a few hundred extra bucks a month, hardly enough to move the inflation needle. The bigger issue is the continued moratorium on payments, because there are people like me who are TPSLF eligible and purposely haven’t paid a penny in nearly 3 years. We definitely are spending in ways we wouldn’t have otherwise because we are getting payment credit for not paying.

Your ignorance of economics is breathtaking. Musta been a liberal arts major.

You do realize that some of the best schools for Economics are Liberal Arts colleges ? Yes ?

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:This is terrible for inflation. Now all those people will just take the money they would have spent on loan payments and go buy more crap. We don’t need to stimulate the economy, we need to cool it.

Tell me you don’t have student loans without telling me you don’t have student loans If you are in a position where you qualify to have $10k forgiven, chances are you have tens of thousands more in student loans that you still need to pay back, so this amounts to maybe a few hundred extra bucks a month, hardly enough to move the inflation needle. The bigger issue is the continued moratorium on payments, because there are people like me who are TPSLF eligible and purposely haven’t paid a penny in nearly 3 years. We definitely are spending in ways we wouldn’t have otherwise because we are getting payment credit for not paying.

Your ignorance of economics is breathtaking. Musta been a liberal arts major.

You do realize that some of the best schools for Economics are Liberal Arts colleges ? Yes ?

+1

The PP didn't go to college. LOL

[Anonymous]

Anonymous wrote:

Anonymous wrote:I'm sure the Democratic base loves this, but presumably most Democrats are going to vote for Biden anyways.

This will, however, turn off a lot of Independents who Democrats and Biden desperately need right now.

Speaking as an independent, I don't love this or hate it.

What I'll be voting for is abortion. Like so many others.

I'm an independent, and I'll be voting based on the debt repayment. I guess we all kind of have a slight lean one way or the other.

[Anonymous]

Anonymous wrote:

Anonymous wrote:Is this a one time event? That is, if my freshman kid takes out a loan this year, will it be forgiven, since the loan is in his name?

See. Proof that entitlement mentality is now settling in. Kids currently in college will now expect forgiveness going forward because of this precedent.

Colleges will see students now getting permanent forgiveness, so why not just increase the price of tuition by $10k?

Ridiculously stupid policy that creates nothing but permanent entitlement mentality and encourages colleges to raise tuition even more for a cash grab.

This exactly.

[Anonymous]

Anonymous wrote:

Anonymous wrote:Right wing reporter whining about her measly $10,000 in loans after attending Georgetown for nearly free a decade ago. These people are so ugly. Imagine rage tweeting with low class profanity about $10k from 10 years ago after you went to GU for practically nothing out of pocket. Move on, sweetie.

I don't believe it. I made around $37k in NoVa and landed a federal job with security clearance. The background investigators quizzed my employer and neighbors asking if I was a prostitute or sold drugs since I was so low income living in this area. I also wasn't paying off $10k in 6 months with the rent I owed every month

Ok now I really don’t believe it. She’s claiming she worked 60 hours during the school year at GU? Pathological liar. And she paid off the $10k so quickly after graduating because she saved “thousands” her first summer while allegedly a low class girl living in the most expensive region in the US? Not adding up.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Right wing reporter whining about her measly $10,000 in loans after attending Georgetown for nearly free a decade ago. These people are so ugly. Imagine rage tweeting with low class profanity about $10k from 10 years ago after you went to GU for practically nothing out of pocket. Move on, sweetie.

I don't believe it. I made around $37k in NoVa and landed a federal job with security clearance. The background investigators quizzed my employer and neighbors asking if I was a prostitute or sold drugs since I was so low income living in this area. I also wasn't paying off $10k in 6 months with the rent I owed every month

Ok now I really don’t believe it. She’s claiming she worked 60 hours during the school year at GU? Pathological liar. And she paid off the $10k so quickly after graduating because she saved “thousands” her first summer while allegedly a low class girl living in the most expensive region in the US? Not adding up.

Or she’s telling the truth and you look like an entitled bum who doesn’t understand hard work.

I absolutely know people who did stuff like this. I don’t think everyone has the grit or the physical/mental strength, but you don’t just accuse someone of being a pathological liar. It makes YOU look weak.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:I'm sure the Democratic base loves this, but presumably most Democrats are going to vote for Biden anyways.

This will, however, turn off a lot of Independents who Democrats and Biden desperately need right now.

Speaking as an independent, I don't love this or hate it.

What I'll be voting for is abortion. Like so many others.

I'm an independent, and I'll be voting based on the debt repayment. I guess we all kind of have a slight lean one way or the other.

Okay. But mine is not a slight lean. And going by all the recent elections, it's not slight for others either.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Right wing reporter whining about her measly $10,000 in loans after attending Georgetown for nearly free a decade ago. These people are so ugly. Imagine rage tweeting with low class profanity about $10k from 10 years ago after you went to GU for practically nothing out of pocket. Move on, sweetie.

I don't believe it. I made around $37k in NoVa and landed a federal job with security clearance. The background investigators quizzed my employer and neighbors asking if I was a prostitute or sold drugs since I was so low income living in this area. I also wasn't paying off $10k in 6 months with the rent I owed every month

Ok now I really don’t believe it. She’s claiming she worked 60 hours during the school year at GU? Pathological liar. And she paid off the $10k so quickly after graduating because she saved “thousands” her first summer while allegedly a low class girl living in the most expensive region in the US? Not adding up.

Or she’s telling the truth and you look like an entitled bum who doesn’t understand hard work.

I absolutely know people who did stuff like this. I don’t think everyone has the grit or the physical/mental strength, but you don’t just accuse someone of being a pathological liar. It makes YOU look weak.

I can believe that she did this. But let's be honest, if she was working 60+ hours during the school year to pay for tuition and room and board, she wasn't learning as much as anyone else in her class was. She's devaluing her degree by posting this. At this point, it doesn't matter for her anymore. Probably.

[Anonymous]

Anonymous wrote:

Anonymous wrote:I can’t wait to vote in November and throw these cretins out of office.

Good luck! One of your right-wing organizations is going to challenge the forgiveness and payment pause which will make the Republicans responsible for all young people getting hit with student loan bills again. Better start getting comfortable with Millennial and Gen Z progressive values.

You’re right. Out of control student loan interest and forced birth of unwanted babies are a winning ticket for the GOP. Add cancellation of Social Security and Medicare and you’ll hit it out of the ballpark. Just do it.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:I'm sure the Democratic base loves this, but presumably most Democrats are going to vote for Biden anyways.

This will, however, turn off a lot of Independents who Democrats and Biden desperately need right now.

Speaking as an independent, I don't love this or hate it.

What I'll be voting for is abortion. Like so many others.

I'm an independent, and I'll be voting based on the debt repayment. I guess we all kind of have a slight lean one way or the other.

Okay. But mine is not a slight lean. And going by all the recent elections, it's not slight for others either.

How dumb to vote Republican on this.

Meanwhile, if you get pregnant and don't want it, it will cost you a quarter of a million bucks to raise a kid you wished you'd never had.

Cut off your nose to spite your face!

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:I'm sure the Democratic base loves this, but presumably most Democrats are going to vote for Biden anyways.

This will, however, turn off a lot of Independents who Democrats and Biden desperately need right now.

Speaking as an independent, I don't love this or hate it.

What I'll be voting for is abortion. Like so many others.

I'm an independent, and I'll be voting based on the debt repayment. I guess we all kind of have a slight lean one way or the other.

Okay. But mine is not a slight lean. And going by all the recent elections, it's not slight for others either.

How dumb to vote Republican on this.

Meanwhile, if you get pregnant and don't want it, it will cost you a quarter of a million bucks to raise a kid you wished you'd never had.

Cut off your nose to spite your face!

They will. Reagan Republicans gave up their safety net in order to be racist.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Right wing reporter whining about her measly $10,000 in loans after attending Georgetown for nearly free a decade ago. These people are so ugly. Imagine rage tweeting with low class profanity about $10k from 10 years ago after you went to GU for practically nothing out of pocket. Move on, sweetie.

I don't believe it. I made around $37k in NoVa and landed a federal job with security clearance. The background investigators quizzed my employer and neighbors asking if I was a prostitute or sold drugs since I was so low income living in this area. I also wasn't paying off $10k in 6 months with the rent I owed every month

Ok now I really don’t believe it. She’s claiming she worked 60 hours during the school year at GU? Pathological liar. And she paid off the $10k so quickly after graduating because she saved “thousands” her first summer while allegedly a low class girl living in the most expensive region in the US? Not adding up.

Or she’s telling the truth and you look like an entitled bum who doesn’t understand hard work.

I absolutely know people who did stuff like this. I don’t think everyone has the grit or the physical/mental strength, but you don’t just accuse someone of being a pathological liar. It makes YOU look weak.

It's Amber Athey. Of course it's a lie.

[Anonymous]

Here's an idea. Make universities carry the student loans. Get gov out of it. If a student defaults, get the university to have some skin in the game. That'll change the dynamics.