Anonymous
10/23/2022 21:11
Subject: Re:What is going on with student loans?
Anonymous wrote:Anonymous wrote:Anonymous wrote:He is such a liar!
He cannot possibly believe he passed a law.
He has already said that he wants congress to do their job and make some changes. There are plenty of smaller and larger changes that congress can make to address college tuition.
He claimed that his "loan redistribution" was a law that was passed. That is a blatant lie.
Biden: "It's passed. I got it passed by a vote or two."
At this point, I am beginning to think that someone in his administration (Klain?) told him that he signed this into law and he doesn't know any better.
Anonymous
10/23/2022 20:52
Subject: Re:What is going on with student loans?
Anonymous wrote:Anonymous wrote:He is such a liar!
He cannot possibly believe he passed a law.
He has already said that he wants congress to do their job and make some changes. There are plenty of smaller and larger changes that congress can make to address college tuition.
He claimed that his "loan redistribution" was a law that was passed. That is a blatant lie.
Anonymous
10/23/2022 20:35
Subject: Re:What is going on with student loans?
Anonymous wrote:He is such a liar!
He cannot possibly believe he passed a law.
He has already said that he wants congress to do their job and make some changes. There are plenty of smaller and larger changes that congress can make to address college tuition.
Anonymous
Anonymous
10/23/2022 16:10
Subject: What is going on with student loans?
Anonymous wrote:Anonymous wrote:Anonymous wrote:Anonymous wrote:Anonymous wrote:
This 'separate entity' has many appointments made by the governor.
Read the decision. It is explained clearly. It is established as a separate legal entity in the state law that authorized it, probably because the state didn’t want to be liable for its actions and potential losses.
Here, I did it for you:
… when it was established, MOHELA's revenues and liabilities were specifically and completely independent of the State of Missouri. The enabling legislations stated in relevant part that “[t]he proceeds of all bonds or other forms of indebtedness issued by the authority and of all fees permitted to be charged by the authority and of other revenues derived shall not be considered part of the revenue of the state...shall not be required to be deposited into the state treasury, and shall not be subject to appropriation by the general assembly.” Mo. Rev. Stat. § 173.425. The statute also states that “[t] he state shall not be liable in any event for the payment of the principal of or interest on any bonds of the authority or for the performance of any pledge, mortgage, obligation, or agreement of any kind whatsoever which may be undertaken by the authority.”
If it was so cut and dry, then why did the court order a temporary pause in Bidet's program?
They're asking for a response on Monday. The stay is over the weekend, when banks are closed anyway...
Why do this when it's clearly so cut and dry? I'm worried!!
Anonymous
10/23/2022 14:31
Subject: What is going on with student loans?
Anonymous wrote:Anonymous wrote:
This 'separate entity' has many appointments made by the governor.
Read the decision. It is explained clearly. It is established as a separate legal entity in the state law that authorized it, probably because the state didn’t want to be liable for its actions and potential losses.
Here, I did it for you:
… when it was established, MOHELA's revenues and liabilities were specifically and completely independent of the State of Missouri. The enabling legislations stated in relevant part that “[t]he proceeds of all bonds or other forms of indebtedness issued by the authority and of all fees permitted to be charged by the authority and of other revenues derived shall not be considered part of the revenue of the state...shall not be required to be deposited into the state treasury, and shall not be subject to appropriation by the general assembly.” Mo. Rev. Stat. § 173.425. The statute also states that “[t] he state shall not be liable in any event for the payment of the principal of or interest on any bonds of the authority or for the performance of any pledge, mortgage, obligation, or agreement of any kind whatsoever which may be undertaken by the authority.”
Anonymous
10/23/2022 14:28
Subject: What is going on with student loans?
Anonymous wrote:
This 'separate entity' has many appointments made by the governor.
Read the decision. It is explained clearly. It is established as a separate legal entity in the state law that authorized it, probably because the state didn’t want to be liable for its actions and potential losses.
Anonymous
10/23/2022 14:12
Subject: What is going on with student loans?
This 'separate entity' has many appointments made by the governor.
Anonymous
10/23/2022 14:10
Subject: What is going on with student loans?
Anonymous wrote:Check out #86: https://storage.courtlistener.com/recap/gov.uscourts.moed.198213/gov.uscourts.moed.198213.1.0_1.pdf
Each state generally has a state-chartered corporation that originates and services loans and the complaint is that they lose revenue because they are the ones ultimately that have to write off the debt. Moreover the states complain that they lose income tax revenue since loan forgiveness is not considered income. This seems like legit to me for standing, imho.
The federal government doesn't handle the loans?
Anonymous
10/23/2022 13:47
Subject: What is going on with student loans?
Anonymous wrote:I'm one of the 700,000 people who was supposed to get forgiveness, but lost eligibility. Screw Biden and the Dems for this false hope.
How did you “lose eligibility”?
Anonymous
10/23/2022 13:43
Subject: What is going on with student loans?
Anonymous wrote:Anonymous wrote:Anonymous wrote:Anonymous wrote:Anonymous wrote:Anonymous wrote:I'm one of the 700,000 people who was supposed to get forgiveness, but lost eligibility. Screw Biden and the Dems for this false hope.
I'm one of them too. But I never really had much hope for this. Oh well.
The lawsuits are frivolous and will eventually be thrown out. These a$$holes have no standing.
But it was Biden who curtailed it for 700k ppl, no?
No.
Yes.
Although it could be changed again, they're "working on" the issue.
They had to do it because of law suits by Republic states and private lenders. Loans from private lenders backed by federal guaranties are different than direct federal loans. If you consolidated the former into the latter, you are eligible. If you didn’t, you aren’t for now because the government isn’t the sole creditor. Blaming Biden for that is pretty stupid.
Anonymous
10/23/2022 12:31
Subject: What is going on with student loans?
Anonymous wrote:Anonymous wrote:Anonymous wrote:Anonymous wrote:Anonymous wrote:I'm one of the 700,000 people who was supposed to get forgiveness, but lost eligibility. Screw Biden and the Dems for this false hope.
I'm one of them too. But I never really had much hope for this. Oh well.
The lawsuits are frivolous and will eventually be thrown out. These a$$holes have no standing.
But it was Biden who curtailed it for 700k ppl, no?
No.
Yes.
Although it could be changed again, they're "working on" the issue.
Anonymous
10/23/2022 12:14
Subject: What is going on with student loans?
Anonymous wrote:Anonymous wrote:Anonymous wrote:Anonymous wrote:I'm one of the 700,000 people who was supposed to get forgiveness, but lost eligibility. Screw Biden and the Dems for this false hope.
I'm one of them too. But I never really had much hope for this. Oh well.
The lawsuits are frivolous and will eventually be thrown out. These a$$holes have no standing.
But it was Biden who curtailed it for 700k ppl, no?
No.
Anonymous
10/23/2022 11:40
Subject: What is going on with student loans?
Anonymous wrote:Anonymous wrote:Anonymous wrote:I'm one of the 700,000 people who was supposed to get forgiveness, but lost eligibility. Screw Biden and the Dems for this false hope.
I'm one of them too. But I never really had much hope for this. Oh well.
The lawsuits are frivolous and will eventually be thrown out. These a$$holes have no standing.
But it was Biden who curtailed it for 700k ppl, no?
Anonymous
10/23/2022 09:35
Subject: What is going on with student loans?
Anonymous wrote:Anonymous wrote:I'm one of the 700,000 people who was supposed to get forgiveness, but lost eligibility. Screw Biden and the Dems for this false hope.
I'm one of them too. But I never really had much hope for this. Oh well.
The lawsuits are frivolous and will eventually be thrown out. These a$$holes have no standing.