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Post by ferd on Jul 24, 2024 12:48:22 GMT -7
He should have bombed Congress and sent student loans to Israel
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2024
Jul 24, 2024 13:00:15 GMT -7
via mobile
Post by deadphishbiscuits on Jul 24, 2024 13:00:15 GMT -7
Pretty sure VybeMama got her loans wiped
And I'm with ferd , unleash the loans world wide
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Post by danimal on Jul 24, 2024 13:03:30 GMT -7
To date the Biden-Harris Administration has also approved: $56.7 billion for more than 793,000 borrowers through fixes to PSLF. $45.6 billion for 930,500 borrowers through improvements to income-driven repayment. $11.7 billion for 513,000 borrowers with a total and permanent disability. This includes providing automatic discharges off a data match with the Social Security Administration $22.5 billion for 1.3 million borrowers through closed school discharges, borrower defense, and related court settlements. Weird, I know almost nobody actually affected by this. Seems like a lot of inflated, hard to actually prove if it happened "promises" They approved it, but it didn't happen. They didn't get the job done. They didn't do it, Joe. I don't know anyone that's been bankrupted by student loan repayment so using your logic it must not be a big problem.
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Post by bear on Jul 24, 2024 13:03:34 GMT -7
Gotta prop up the ole house of cards as long as possible
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Post by treetophigh on Jul 24, 2024 13:19:42 GMT -7
I feel like the administration knew thier attempts at student loan forgiveness wouldn't fly but wasted tax payer money on the attempts to make it look like they tried. I can't prove it, i just highly doubt they didn't know it would get denied.
As much as my loans being forgiven would be life changing, like big lottery impact, I don't sincerely think k that is the approach that should be taken.
For existing borrowers, maybe make adjustments to the interest accumulation, including calculating for past interest, that could be forgiven legally, sort of a refinancing retroaction. Something sensible that still has the borrower repay honestly and with the income driven options, but at a 1 to 1 rate or near that. This is for fed loans.
Concurrently, restructure for new borrowers with limits based on performance and demonstrated need, or maybe some sort of incentive for folks that pass classes or complete programs. Then mirror what I described above, 1 to 1 loans financing or close to it. Or maybe 1 to one for tuition and direct education needs such as books and other direct costs. Maybe a different rate for living expenses so that it isn't abused. Maybe limit loan amount based on regional living rates with exceptions that can be documented like young mothers/fathers/families and other unique situations. Maybe the rate could be lower if it's proven that one works too to offset what they have to borrow. Develop some work programs through state universities and other accredited institutions that want to participate. Develop programs that mirror all the above for blue collar type training and programs, tech schools etc.
Also. Make similar programs available to small business folks with similar "if, then" types of qualifications and limits.
Student loan forgiveness as it's been sold is a fake out and it's not practicable. Restructuring it is the real answer.
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2024
Jul 24, 2024 13:22:22 GMT -7
bussit likes this
Post by EddieBlake on Jul 24, 2024 13:22:22 GMT -7
Pretty sure VybeMama got her loans wiped And I'm with ferd , unleash the loans world wide Literally the sole person I know that has happened for. Stumping for the Dems and "what they've done" during Bidens admin is insane. They could've actually done something in Obama's term, codified Roe v Wade, didn't and blame voters for Trump instead of their own inaction. Rig primaries to fuck Bernie because they want Joe and continue to have no real direction, but I guess I shouldn't complain because "cOulD'Ve BeEN TRUMP". Higher Education in the United States is circling the drain and all these politicians want to cash in on generations they've fucked. What's good about the Democratic Party, as is?
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Post by Not your moms ๐ฎ on Jul 24, 2024 13:23:02 GMT -7
What about all the Americans that have paid off their debt or don't owe anyone? It would be kinda shitty if a bunch of people get out of their debt and they do nothing to reward anyone else. I want some money for paying my bills on time and not being in debt to anyone. Can we go after the utility companies and oil companies next for charging too much. I think that would better benefit everyone.
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Post by bear on Jul 24, 2024 13:23:03 GMT -7
Fuck that I'm calling Lowell "the Hammer" Stanley at 459-CASH and he's gonna make those fat cats pay
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2024
Jul 24, 2024 13:23:15 GMT -7
Post by EddieBlake on Jul 24, 2024 13:23:15 GMT -7
Weird, I know almost nobody actually affected by this. Seems like a lot of inflated, hard to actually prove if it happened "promises" They approved it, but it didn't happen. They didn't get the job done. They didn't do it, Joe. I don't know anyone that's been bankrupted by student loan repayment so using your logic it must not be a big problem. Lol, I actually know a few. Sounds like you're a "blue no matter who" type. Sad.
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Post by bear on Jul 24, 2024 13:25:15 GMT -7
Too bad you can't file bankruptcy for student loans. Still gotta pay em back which makes filing kind of pointless unless you're way ass up on everything else too I guess
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2024
Jul 24, 2024 13:26:26 GMT -7
Post by EddieBlake on Jul 24, 2024 13:26:26 GMT -7
What about all the Americans that have paid off their debt or don't owe anyone? It would be kinda shitty if a bunch of people get out of their debt and they do nothing to reward anyone else. I want some money for paying my bills on time and not being in debt to anyone. Can we go after the utility companies and oil companies next for charging too much. I think that would better benefit everyone. To reward those that had the means and opportunities to do so before the system started falling apart? They've already gotten the benefits. You can go after them for those things, at least in New York.
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Post by Not your moms ๐ฎ on Jul 24, 2024 13:29:22 GMT -7
What about all the Americans that have paid off their debt or don't owe anyone? It would be kinda shitty if a bunch of people get out of their debt and they do nothing to reward anyone else. I want some money for paying my bills on time and not being in debt to anyone. Can we go after the utility companies and oil companies next for charging too much. I think that would better benefit everyone. To reward those that had the means and opportunities to do so before the system started falling apart?ย They've already gotten the benefits.ย You can go after them for those things, at least in New York.ย The opportunity to work and make payments? Personally I chose to live within my means and not go into debt. Cheap house, cheap cars, quality food and a happy family. 0 debt.
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2024
Jul 24, 2024 13:32:21 GMT -7
via mobile
Post by Not your moms ๐ฎ on Jul 24, 2024 13:32:21 GMT -7
What about all the Americans that have paid off their debt or don't owe anyone? It would be kinda shitty if a bunch of people get out of their debt and they do nothing to reward anyone else. I want some money for paying my bills on time and not being in debt to anyone. Can we go after the utility companies and oil companies next for charging too much. I think that would better benefit everyone. To reward those that had the means and opportunities to do so before the system started falling apart?ย They've already gotten the benefits.ย You can go after them for those things, at least in New York.ย Do you honestly believe you were dealt a worse hand than everyone else? I don't get it. Everyone I know thar puts in the effort is doing alright. A few a just plain kicking ass.
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Post by SolarGarlic ๐ง on Jul 24, 2024 13:34:27 GMT -7
Iโm all for student loan forgiveness but I donโt think someone who took out multiple loans for multiple degrees to essentially be a professional student should have their loans paid off.
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Post by SolarGarlic ๐ง on Jul 24, 2024 13:36:12 GMT -7
Also, I was fortunate to pay mine off because rich and I busted our ass. I donโt expect anything extra because of it.
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2024
Jul 24, 2024 13:39:11 GMT -7
via mobile
hokiejoe likes this
Post by danimal on Jul 24, 2024 13:39:11 GMT -7
I changed my mind, I'm against student loan forgiveness now.
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Post by treetophigh on Jul 24, 2024 13:41:31 GMT -7
Investing in school is just that, an investment and it takes equal action for it to pay off. On one hand, schools and lending programs should be structured to avoid predatory lending. But either way, I wish schools would require intro classes to any program that sort of map out what opportunities are potentially available, the future outlook of the industries those programs apply to and include plan b options for how general degrees may apply to unspecialized portions of the work sector.
I don't think loans should be forgiven outright, it's a choice and has risk. However, I feel like borrowers in the past and now are not offered the tools and information to strategize how they borrow and to map out a realistic expectation of the outcome from thier efforts at school.
If you borrow a ton on whimsical ideas of being a specialist in a field that is super competitive and hard to break into, with the specialized education not cross applying to many alternative sectors and you're not confident that you're a whiz and a highly disciplined individual, maybe you need to reevaluate and settle on a program with more safety nets and generalized application.
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Post by EddieBlake on Jul 24, 2024 13:44:16 GMT -7
To reward those that had the means and opportunities to do so before the system started falling apart? They've already gotten the benefits. You can go after them for those things, at least in New York. The opportunity to work and make payments? Personally I chose to live within my means and not go into debt. Cheap house, cheap cars, quality food and a happy family. 0 debt. Are you really this obtuse? It's fucking known that colleges were predatory for the last couple of generations. People my age were told there weren't good jobs available to us without getting it then the market crashed and it didn't matter anymore. The enrollment numbers show that more people are actually aware of this now, as opposed to when I was going to college. People from generations before were able to go to college and work to pay it off at the time. That's impossible now. I'm not alone in this, literally never said I was. You're trying to put words in my mouth because you choose to live another way and got tremendously lucky. The only folks I know who benefitted from college are wealthy folks. I'd love to know how many folks in congress have investments in Higher Education/Student Loan servicing companies like SoFi. Some people aren't lucky enough to meet significant others or come from less stable home lives.
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2024
Jul 24, 2024 14:22:56 GMT -7
Post by chronicircle on Jul 24, 2024 14:22:56 GMT -7
boy this thread really popped off after biden dropped out eh?
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2024
Jul 24, 2024 14:24:15 GMT -7
via mobile
Post by treetophigh on Jul 24, 2024 14:24:15 GMT -7
boy this thread really popped off after biden dropped out eh? Wanna fight about it?!...
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