My son has a great deal of student loan debt (medical school) and I am against the $10,000 forgiveness plan. I don’t think it is up to the American taxpayers to pay his debts. Debt reduction also doesn’t solve the problem. College tuition has increased exponentially greater than inflation. The schools are still making their money.

Anonymous wrote:

Anonymous wrote:The money used for student loan forgiveness comes from other places. It isn’t free. Costs taxpayers money, and has other repercussions. It’s valid for people to be opposed to loan forgiveness. It’s fine to disagree, but there are logical arguments for both sides. You’re the one being rigid and narrow minded.

Naw, it isn’t valid. It’s selective outrage. They didn’t raise objections to PPP loans and they don’t seem to understand student loan debtors are forever owing money to the money they owe.

Plus Trumps tax plan has cost the middle class/lower upper clas thousands a year each person.

Anonymous wrote:The money used for student loan forgiveness comes from other places. It isn’t free. Costs taxpayers money, and has other repercussions. It’s valid for people to be opposed to loan forgiveness. It’s fine to disagree, but there are logical arguments for both sides. You’re the one being rigid and narrow minded.

Naw, it isn’t valid. It’s selective outrage. They didn’t raise objections to PPP loans and they don’t seem to understand student loan debtors are forever owing money to the money they owe.

Your dad sucks. You wish you had a 1/2 decent dad. You don’t.

It was true before trump, it’s true now.

Just don’t see or talk to him unless absolutely necessary.

The problem is your boundaries.

Anonymous wrote:I understand your perspective. Can you understand that other politicians make decisions on other things that cost your father money too? You aren't the only person affected financially by politics.

The decision is not costing anyone miney.

Anonymous wrote:The money used for student loan forgiveness comes from other places. It isn’t free. Costs taxpayers money, and has other repercussions. It’s valid for people to be opposed to loan forgiveness. It’s fine to disagree, but there are logical arguments for both sides. You’re the one being rigid and narrow minded.

No it doesn’t. There is no “money”.

Anonymous wrote:

Anonymous wrote:From a political perspective, the loan forgiveness issue presents a minefield for the GOP. Many reputable and non-partisan economists forecast a serious recession in FY23 second and third quarters, resulting in serious layoffs, especially younger and less experienced workers, the demographic most likely to hold student loans. As realized in the recent midterms, young people vote. The GOP House hard line against no student loan forgiveness will damage them politically.

To a great extent President Biden has effectively reduced federally subsidized student loan balances through Department of Education regulatory capture. True, the President lacks authority to simply forgive the debt, yet he has the authority through the DOE to restructure the repayment formulas to minimize the repayment, basing repayment on earnings rather than debt amount and establishing a short repayment time requirement.

Actually it's not a partisan issue. I am not a Trumper or even a moderate, but I am against the student loan forgiveness, as are 76% of people of both party affiliations. NOTHING IS FREE. Why should I have paid all my loans off and you didn't? Sorry, there is no way you can cherry pick this issue.

Not a cherry pick, but political reality. And as the PP stated, most (all?) loans now will not be repaid in full due to generous repayment plans. Like it or not, yes, you are repaying your neighbor’s child’s college loans. Embrace the suck.

Anonymous wrote:From a political perspective, the loan forgiveness issue presents a minefield for the GOP. Many reputable and non-partisan economists forecast a serious recession in FY23 second and third quarters, resulting in serious layoffs, especially younger and less experienced workers, the demographic most likely to hold student loans. As realized in the recent midterms, young people vote. The GOP House hard line against no student loan forgiveness will damage them politically.

To a great extent President Biden has effectively reduced federally subsidized student loan balances through Department of Education regulatory capture. True, the President lacks authority to simply forgive the debt, yet he has the authority through the DOE to restructure the repayment formulas to minimize the repayment, basing repayment on earnings rather than debt amount and establishing a short repayment time requirement.

Actually it's not a partisan issue. I am not a Trumper or even a moderate, but I am against the student loan forgiveness, as are 76% of people of both party affiliations. NOTHING IS FREE. Why should I have paid all my loans off and you didn't? Sorry, there is no way you can cherry pick this issue.

From a political perspective, the loan forgiveness issue presents a minefield for the GOP. Many reputable and non-partisan economists forecast a serious recession in FY23 second and third quarters, resulting in serious layoffs, especially younger and less experienced workers, the demographic most likely to hold student loans. As realized in the recent midterms, young people vote. The GOP House hard line against no student loan forgiveness will damage them politically.

To a great extent President Biden has effectively reduced federally subsidized student loan balances through Department of Education regulatory capture. True, the President lacks authority to simply forgive the debt, yet he has the authority through the DOE to restructure the repayment formulas to minimize the repayment, basing repayment on earnings rather than debt amount and establishing a short repayment time requirement.

Anonymous wrote:I understand your perspective. Can you understand that other politicians make decisions on other things that cost your father money too? You aren't the only person affected financially by politics.

I am anti Trump but really this PP makes a fair point. If it’s about the micro level, presumably he could come up with examples where your politics undermine him financially.

He's a moron. This was a moment where he could support you and choose not to. He could have lied and said he voted for Biden. He sounds like a moron. Since you were eligible for a Pell grant, I'm not sure why he's republican. Being republican does not help poor people. His party brainwashed him.

OP, you and your dad don't have the same values. His are harmful to your family -- not just the loan thing but your spouse and many other issues his candidate supports. And it sounds like this mismatch in values pre-dates Trump (you mention him not helping you earlier in life, which is his right but is not in accord with your values).

It's okay to keep your distance. Being related to somebody doesn't mean you need to like them, respect them, or spend time with them.

I understand your perspective. Can you understand that other politicians make decisions on other things that cost your father money too? You aren't the only person affected financially by politics.

The money used for student loan forgiveness comes from other places. It isn’t free. Costs taxpayers money, and has other repercussions. It’s valid for people to be opposed to loan forgiveness. It’s fine to disagree, but there are logical arguments for both sides. You’re the one being rigid and narrow minded.

We already have a distant relationship, but politics isn't making it any easier. He didn't help me with student loans or my first car, learning to drive. It makes me so angry that he supports Trump, and I know he's against loan forgiveness. It doesn't make sense why he wouldn't be supportive of something that would help his daughter. I don't have a lot of debt, only 13k. I also got the Pell Grant because we were low-income. My mother passed away, and he's remarried to a trump supporter. I think about how selfish and hateful Trump supporters are and it makes me think my dad isn't a good person. My husband is also an immigrant from a Muslim-majority country. My father likes my husband, yet he's supporting someone who isn't friendly toward immigrants. My father does other things that make me angry but the student loan thing makes me sad. I have small children now, and I can't imagine voting against something that would benefit them, like help with student loans.