Biden is forgiving loans for MBAs, JDs, and MDs.

Anonymous wrote:In other words, it very efficiently buys votes.

He campaigned on this. It was a campaign promise. He was voted in on that campaign.

Anonymous wrote:

??? He kept his campaign promise.

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Anonymous wrote:This is a big help to my son. He had to take $7500 in loans sophomore year and just got another $7500 for junior year. I wish he could get the full $10,000 forgiven, but I guess he can only get forgiven what he took last year? Still, I'm thrilled he will have that $7500 wiped off the books.

Bear in mind that it will be based on your income as his parent(s). But also Biden is aiming to improve the income-based repayment plan so that he'll only have to pay 5% of his discretionary income towards his loans and get forgiveness after 10 years, which is really not bad.

That's be awesome. I think he will need to take another $7500 for senior year. That will bring his total to $15,000 in loans. If he can pay that off in 4 years it would be best, but if not I'm hoping to help him pay it off after his younger sibling is through with college. I assume he will be able to find a decent paying job after graduating, so he probably will be able to pay off the remaining loans. But the $7500 forgiveness does help!

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Anonymous wrote:politico reporting that $10k forgiven for households making $250k or less. ppl will "self attest"

once announced, i'm registering as a republican

I gues I should have taken out loans for my children instead of being a sucker and diligently saving for 25 years. This government rewards deadbeat losers and penalizes hard working Americans…..I’ve grown to despise these imbeciles.

Yep.
And, the poor and middle class foot the bill for these people.

“These people” are mostly low paid teachers, social workers, and people who started a degree but couldn’t finish (they are in the worst position - no pay bump but they have the loans hanging over them).

But sure, keep griping about how the working class is somehow getting something your spoiled rich kid won’t get.

So what about those vast majority of tax paying people who acted responsibly and did not take out those loans to get degrees that they could have gotten with a loan? Are they going to be paying other people's loans as tax payers?

Yep. And, so are the people who opted not to go to college for whatever reason.

Wow! I think time to vote republican

And, maybe even some that aren't even middle class.
Their is nothing fair about this policy. And, it does nothing to help the majority of Americans.

Sorry... the above should read:

I think this will push many working class people to the Republican camp.
And, maybe even some that aren't even middle class.
There is nothing fair about this policy. And, it does nothing to help the majority of Americans.

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:politico reporting that $10k forgiven for households making $250k or less. ppl will "self attest"

once announced, i'm registering as a republican

I gues I should have taken out loans for my children instead of being a sucker and diligently saving for 25 years. This government rewards deadbeat losers and penalizes hard working Americans…..I’ve grown to despise these imbeciles.

Yep.
And, the poor and middle class foot the bill for these people.

“These people” are mostly low paid teachers, social workers, and people who started a degree but couldn’t finish (they are in the worst position - no pay bump but they have the loans hanging over them).

But sure, keep griping about how the working class is somehow getting something your spoiled rich kid won’t get.

So what about those vast majority of tax paying people who acted responsibly and did not take out those loans to get degrees that they could have gotten with a loan? Are they going to be paying other people's loans as tax payers?

Yep. And, so are the people who opted not to go to college for whatever reason.

Wow! I think time to vote republican

And, maybe even some that aren't even middle class.
Their is nothing fair about this policy. And, it does nothing to help the majority of Americans.

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:politico reporting that $10k forgiven for households making $250k or less. ppl will "self attest"

once announced, i'm registering as a republican

I gues I should have taken out loans for my children instead of being a sucker and diligently saving for 25 years. This government rewards deadbeat losers and penalizes hard working Americans…..I’ve grown to despise these imbeciles.

Yep.
And, the poor and middle class foot the bill for these people.

“These people” are mostly low paid teachers, social workers, and people who started a degree but couldn’t finish (they are in the worst position - no pay bump but they have the loans hanging over them).

But sure, keep griping about how the working class is somehow getting something your spoiled rich kid won’t get.

So what about those vast majority of tax paying people who acted responsibly and did not take out those loans to get degrees that they could have gotten with a loan? Are they going to be paying other people's loans as tax payers?

Yep. And, so are the people who opted not to go to college for whatever reason.

Sounds like for being responsible, you get to pay other people's loan

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:politico reporting that $10k forgiven for households making $250k or less. ppl will "self attest"

once announced, i'm registering as a republican

I gues I should have taken out loans for my children instead of being a sucker and diligently saving for 25 years. This government rewards deadbeat losers and penalizes hard working Americans…..I’ve grown to despise these imbeciles.

Yep.
And, the poor and middle class foot the bill for these people.

“These people” are mostly low paid teachers, social workers, and people who started a degree but couldn’t finish (they are in the worst position - no pay bump but they have the loans hanging over them).

But sure, keep griping about how the working class is somehow getting something your spoiled rich kid won’t get.

So what about those vast majority of tax paying people who acted responsibly and did not take out those loans to get degrees that they could have gotten with a loan? Are they going to be paying other people's loans as tax payers?

Yep. And, so are the people who opted not to go to college for whatever reason.

Wow! I think time to vote republican

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:politico reporting that $10k forgiven for households making $250k or less. ppl will "self attest"

once announced, i'm registering as a republican

I gues I should have taken out loans for my children instead of being a sucker and diligently saving for 25 years. This government rewards deadbeat losers and penalizes hard working Americans…..I’ve grown to despise these imbeciles.

Yep.
And, the poor and middle class foot the bill for these people.

“These people” are mostly low paid teachers, social workers, and people who started a degree but couldn’t finish (they are in the worst position - no pay bump but they have the loans hanging over them).

But sure, keep griping about how the working class is somehow getting something your spoiled rich kid won’t get.

So what about those vast majority of tax paying people who acted responsibly and did not take out those loans to get degrees that they could have gotten with a loan? Are they going to be paying other people's loans as tax payers?

Yep. And, so are the people who opted not to go to college for whatever reason.

In other words, it very efficiently buys votes.

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:politico reporting that $10k forgiven for households making $250k or less. ppl will "self attest"

once announced, i'm registering as a republican

I gues I should have taken out loans for my children instead of being a sucker and diligently saving for 25 years. This government rewards deadbeat losers and penalizes hard working Americans…..I’ve grown to despise these imbeciles.

Yep.
And, the poor and middle class foot the bill for these people.

“These people” are mostly low paid teachers, social workers, and people who started a degree but couldn’t finish (they are in the worst position - no pay bump but they have the loans hanging over them).

But sure, keep griping about how the working class is somehow getting something your spoiled rich kid won’t get.

So what about those vast majority of tax paying people who acted responsibly and did not take out those loans to get degrees that they could have gotten with a loan? Are they going to be paying other people's loans as tax payers?

Of course.

Anonymous wrote:

Anonymous wrote:This is crazy.

“ Eroding union density, declining wages, and skyrocketing tuition have all made college less a path to high-paying jobs than an escape hatch from the worst-paying ones. ”

That’s the best summation of the value of a modern bachelors degree that I’ve read

Why are people using anecdotal stories for pushing the handouts?

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Sounds to me you are pissed people whose families were poor enough to get a Pell Grant were able to go to college and earn a decent living. They deserve debt relief IMO, to say nothing of how dumb it is to equate the max income with the people getting the relief, who by definition have incomes LOWER than the max.

This tweet is referring to non-pell grant recipients, genius.

What are you talking about, GENIUS? Only Pell Grant recipients can get $20k in debt relief.

If a family that makes under $250,000 have BOTH parents with loans, that is $20,000, genius.