Student Loan Forgiveness is Set to Expire: This is Going to be Painful for Many!

[fskimospy]

Couldn’t he just declare that student loans will no longer be offered via third party and only have loans backed and administered by the federal government?

Over 90% of student loans are owned by the federal government. They contract out the loan servicing but it’s the Feds’ loan.

 

[ivwshane]

Over 90% of student loans are owned by the federal government. They contract out the loan servicing but it’s the Feds’ loan.

Yes and it’s that servicing that’s unnecessary. Also why couldn’t the president specify a zero percent interest rate on existing loans or new ones going forward?

 

[JEDI]

hopefully this ruling will add more Dems to senate and flip the house in 2024

 

[woolfe9998]

Most polls show lower support than that but again, that's not exactly a super popular policy. More importantly, it's a policy that's poorly targeted in an electoral sense as most of the support comes from people who were going to support you anyway so you're mostly hurting yourself with swing voters.

I think this loan forgiveness is a dumb policy overall and so I'm kind of glad it isn't happening but it doesn't change the fact that Biden had the clear legal authority to do it and SCOTUS just rewrote the law because they didn't like it.

Politically speaking, I think Biden is concerned about younger voters who think he either isn't far left enough or is too old. The sort that might stay home or vote for third party.

 

[VRAMdemon]

America has socialism for the wealthy and feudalism for everybody else. There is no more glaring indicator of this fact than how the Supreme Court has handled the difference between PPP loans, and student loans.

The bad thing here, to me, is not that they decided against Biden. It’s that they ignored the fact that there was a much a lack of standing in this case as in the one brought by the two students that they did dismiss for lack of standing, as well as a lack of actual harm. In the same vein, the “christian” website designer had no actual harm because she’s never even started a business, much less been asked by a gay couple to design a website.

They’re making whatever law they want through whatever nebulous cases they manage to direct their way.

Unlike some other countries, US courts cannot offer advisory opinions. Courts can’t simply decide themselves if and when they want to rule on the constitutionality of a law. It requires an actual case involving an actual controversy between parties brought by an individual experiencing actual harm. Watering down standing to allow essentially anyone to bring a challenge thrusts the Supreme Court into a role that is both constitutionally impermissible and corrosive to the proper role of the courts.

 

[VRAMdemon]

Another thing:

Major questions doctrine: The way that conservatives can change their mind on executive powers as it pleases them.

 

[GoPackGo]

Couldn’t he just declare that student loans will no longer be offered via third party and only have loans backed and administered by the federal government?

Nope...kill the program... let the market fix it.

 

[uclaLabrat]

Hell to the fuck no.

 

[fskimospy]

Another thing:

Major questions doctrine: The way that conservatives can change their mind on executive powers as it pleases them.

Major questions doctrine is just made up bullshit so right wing judges can write laws without getting elected.

 

[Vic]

A major goal of the conservative agenda is to use generational wealth in order to crush those who weren't born into such wealth. Student debt is a crucial part of that agenda. Its purpose is to ensure that even those with merit are handicapped.

 

[Vic]

Politically speaking, I think Biden is concerned about younger voters who think he either isn't far left enough or is too old. The sort that might stay home or vote for third party.

I might be overly optimistic here, but I'd like to hope that demographic learned from that same mistake in 2016.

 

[ivwshane]

I might be overly optimistic here, but I'd like to hope that demographic learned from that same mistake in 2016.

I had that same feeling in 2008 when Obama won. That same optimism carried through until 2016 when we somehow managed to elect someone worse than bush. If I once again have optimism just because Biden beat trump, I feel like I’d be setting my self up for Lucy to yank away the football as I try to kick it. What’s that saying? Fool me once, shame on me, fool me twice, I can’t get shamed again

 

[Vic]

I had that same feeling in 2008 when Obama won. That same optimism carried through until 2016 when we somehow managed to elect someone worse than bush. If I once again have optimism just because Biden beat trump, I feel like I’d be setting my self up for Lucy to yank away the football as I try to kick it. What’s that saying? Fool me once, shame on me, fool me twice, I can’t get shamed again

I think yours is a healthy attitude to have.

 

[mindless1]

A major goal of the conservative agenda is to use generational wealth in order to crush those who weren't born with such wealth. Student debt is a crucial part of that agenda. Its purpose is to ensure that even those with merit are handicapped.

No, those "with merit" make wise choices, go on to have a career where they earn enough to pay off the loan, AS THEY AGREED TO DO!

The correction to all this madness is to stop letting slackers slide, kids who weren't fit for work requiring higher education, shouldn't be running up a bill they can't pay. Decline more student loans and let johnny and jane know that they'll be moping floors because their efforts fell below the curve.

Youth today feel a sense of entitlement, that even if they don't actually do anything of value, and aren't actually competitive against their peers, that they should still sit in their bums for another 4+ years, on someone else's dime, to then have a degree they shouldn't be able to use because they are still, the bottom of the barrel when it comes to employment candidates.

I'm not at all against furthering one's education, but if you have to take out a loan for it, respect what a loan is, not looking for someone else's work/taxes to pay for your lack of work or ability.

We do need to reign in higher education costs, INSTEAD of not holding people accountable for their debts. What kind of message does it send to the younger generation, that they can just make a binding agreement and expect someone else to bale them out when they can't perform well enough to meet their obligations?

Maybe we need some reality-check counseling as part of the student loan process, tighter screening and denials.

Pausing student loan payments was the right thing to do. Cancelling even a cent worth, absolutely not. If these students didn't intend to apply their education to a job where they work off the loan, what was this all about anyway?

No. We can't raise a generation where they feel they can sit on their arses instead of contributing to society.

It is true that those born with a silver spoon in their mouth, have decided advantages, but it's not an issue of conservatives vs liberals, to simply expect people to abide by the contract they agreed to.

If you don't want to pay a student loan, don't get one.

ON THE OTHER HAND, I am in support of more higher education provided by the government, that grades 1-12 is not enough today. Unfortunately even that 1-12 the kids are being taught more garbage than ever, but the difference is that we should offer that, but if someone still decides they take out a loan for whatever reason, they are held accountable for it, covid aside, hence why I feel a recess period from paying made sense but not any forgiveness of any amount.

If they get forgiveness, I'd also like some forgiveness on my car or house note, even if already fully paid off. Why shouldn't I get that, being a contributing member of society for decades instead of just sitting on my bum running up student loan debt?

If they're not just worthless sacks sitting on their bums, what are they instead? Adults who used an education to get a jobby job, and pay off their loans.

I'm not stating that it's fair to the middle to lower class, but an educated person has to accept what they agree to. Did the student have a delusion that they were in some different economic class? Only if their parents promised to pay for their education then had some hardship and couldn't, which is where the pause on repayment comes into play.

 

[sportage]

We could blame Ruth. She could have avoided much of this mess by simply resigning and doing so when democrats held that Obama majority. Now, we're screwed and screwed for decades to come. You know how long a decade is? Ten years. And that ten years will seem like an eternity of ten years under this court. One can only imagine what democracy will look like after the next 20, 30 years?

Democracy is like a growing healthy tree. The tree grows, new branches develop, and the tree becomes a much stronger tree.
This Supreme Court is now chopping off those limbs from that tree. A tree that took so long to grow and so much time to gain its strength. This court has taken an axe to the tree with now only a few branches still remaining. Eventually after this supreme court is done with that tree the tree will be nothing but stubble with dead limbs. First the court will chop off one side of the tree, then start on the other side. In the end the tree will be unrecognizable as a tree, and so will our democracy. A democracy that has taken so long to build and more importantly to build upon. There goes the forest. TIMBER!!!!

 

[Vic]

No, those "with merit" make wise choices, go on to have a career where they earn enough to pay off the loan, AS THEY AGREED TO DO!

The correction to all this madness is to stop letting slackers slide, kids who weren't fit for work requiring higher education, shouldn't be running up a bill they can't pay. Decline more student loans and let johnny and jane know that they'll be moping floors because their efforts fell below the curve.

Youth today feel a sense of entitlement, that even if they don't actually do anything of value, and aren't actually competitive against their peers, that they should still sit in their bums for another 4+ years, on someone else's dime, to then have a degree they shouldn't be able to use because they are still, the bottom of the barrel when it comes to employment candidates.

I'm not at all against furthering one's education, but if you have to take out a loan for it, respect what a loan is, not looking for someone else's work/taxes to pay for your lack of work or ability.

We do need to reign in higher education costs, INSTEAD of not holding people accountable for their debts. What kind of message does it send to the younger generation, that they can just make a binding agreement and expect someone else to bale them out when they can't perform well enough to meet their obligations?

Maybe we need some reality-check counseling as part of the student loan process, tighter screening and denials.

Pausing student loan payments was the right thing to do. Cancelling even a cent worth, absolutely not. If these students didn't intend to apply their education to a job where they work off the loan, what was this all about anyway?

No. We can't raise a generation where they feel they can sit on their arses instead of contributing to society.

It is true that those born with a silver spoon in their mouth, have decided advantages, but it's not an issue of conservatives vs liberals, to simply expect people to abide by the contract they agreed to.

If you don't want to pay a student loan, don't get one.

ON THE OTHER HAND, I am in support of more higher education provided by the government, that grades 1-12 is not enough today. Unfortunately even that 1-12 the kids are being taught more garbage than ever, but the difference is that we should offer that, but if someone still decides they take out a loan for whatever reason, they are held accountable for it, covid aside, hence why I feel a recess period from paying made sense but not any forgiveness of any amount.

If they get forgiveness, I'd also like some forgiveness on my car or house note, even if already fully paid off. Why shouldn't I get that, being a contributing member of society for decades instead of just sitting on my bum running up student loan debt?

If they're not just worthless sacks sitting on their bums, what are they instead? Adults who used an education to get a jobby job, and pay off their loans.

I'm not stating that it's fair to the middle to lower class, but an educated person has to accept what they agree to. Did the student have a delusion that they were in some different economic class? Only if their parents promised to pay for their education then had some hardship and couldn't, which is where the pause on repayment comes into play.

Did it really take you that many words to say that you are vehemently opposed to equal opportunity?

 

[ivwshane]

Did it really take you that many words to say that you are vehemently opposed to equal opportunity?

Yes and he could have also just said, “fuck your average American”.

Him and millions of people like him don’t realize the brainwashing they’ve been through to be against helping your fellow American.

 

[MrSquished]

2007? Bailouts and nobody went to jail. Recent Silicon Valley bank failure due to nothing but their own fault along with the help of GQP deregulation? The wealthy get bailed out.

Fuck the entire GQP. They are shitty fucking people and 90% irredeemable.

 

[Vic]

Yes and he could have also just said, “fuck your average American”.

Him and millions of people like him don’t realize the brainwashing they’ve been through to be against helping your fellow American.

Trust fund bitch who got a free ride despite mediocre grades understands just fine that he benefits from pushing other people down.

 

[ivwshane]

2007? Bailouts and nobody went to jail. Recent Silicon Valley bank failure due to nothing but their own fault along with the help of GQP deregulation? The wealthy get bailed out.

Fuck the entire GQP. They are shitty fucking people and 90% irredeemable.

I’m concerned about you. I know our online personas can sometimes be more extreme than our in real life ones and I totally get and agree with the frustration you have with the gop but I am concerned about your mental well being. You good?

 

[MrSquished]

I’m concerned about you. I know our online personas can sometimes be more extreme than our in real life ones and I totally get and agree with the frustration you have with the gop but I am concerned about your mental well being. You good?

Pretty good, trying to decide if a six point the crisp pilsner is better or the peak brewery organic happy hour crushable pilsner. i'm leaning towards the happy hour. being organic is a nice bonus.

oh also, most people that have an IQ of 100 or more and still identify as Republican are a big problem. most of them, not all.

 

[brycejones]

No, those "with merit" make wise choices, go on to have a career where they earn enough to pay off the loan, AS THEY AGREED TO DO!

The correction to all this madness is to stop letting slackers slide, kids who weren't fit for work requiring higher education, shouldn't be running up a bill they can't pay. Decline more student loans and let johnny and jane know that they'll be moping floors because their efforts fell below the curve.

Youth today feel a sense of entitlement, that even if they don't actually do anything of value, and aren't actually competitive against their peers, that they should still sit in their bums for another 4+ years, on someone else's dime, to then have a degree they shouldn't be able to use because they are still, the bottom of the barrel when it comes to employment candidates.

I'm not at all against furthering one's education, but if you have to take out a loan for it, respect what a loan is, not looking for someone else's work/taxes to pay for your lack of work or ability.

We do need to reign in higher education costs, INSTEAD of not holding people accountable for their debts. What kind of message does it send to the younger generation, that they can just make a binding agreement and expect someone else to bale them out when they can't perform well enough to meet their obligations?

Maybe we need some reality-check counseling as part of the student loan process, tighter screening and denials.

Pausing student loan payments was the right thing to do. Cancelling even a cent worth, absolutely not. If these students didn't intend to apply their education to a job where they work off the loan, what was this all about anyway?

No. We can't raise a generation where they feel they can sit on their arses instead of contributing to society.

It is true that those born with a silver spoon in their mouth, have decided advantages, but it's not an issue of conservatives vs liberals, to simply expect people to abide by the contract they agreed to.

If you don't want to pay a student loan, don't get one.

ON THE OTHER HAND, I am in support of more higher education provided by the government, that grades 1-12 is not enough today. Unfortunately even that 1-12 the kids are being taught more garbage than ever, but the difference is that we should offer that, but if someone still decides they take out a loan for whatever reason, they are held accountable for it, covid aside, hence why I feel a recess period from paying made sense but not any forgiveness of any amount.

If they get forgiveness, I'd also like some forgiveness on my car or house note, even if already fully paid off. Why shouldn't I get that, being a contributing member of society for decades instead of just sitting on my bum running up student loan debt?

If they're not just worthless sacks sitting on their bums, what are they instead? Adults who used an education to get a jobby job, and pay off their loans.

I'm not stating that it's fair to the middle to lower class, but an educated person has to accept what they agree to. Did the student have a delusion that they were in some different economic class? Only if their parents promised to pay for their education then had some hardship and couldn't, which is where the pause on repayment comes into play.

Wall of text to prove your forum name remains accurate.

Congrats I guess

 

[MrSquished]

Wall of text to prove your forum name remains accurate.

Congrats I guess

He supports the party that always wants to bail out the rich more than the other party. Mindless, useless, the enemy.

 

[Franz316]

He supports the party that always wants to bail out the rich more than the other party. Mindless, useless, the enemy.

He's quite the useful idiot. The rich don't need to fight their own battles when they have plenty of bootlickers like him to fight their battles for them.

 

[Brainonska511]

In a new vein of stupidity, there are some sock puppet "activist" twitter accounts that are advocating that Biden just do the debt forgiveness really quickly or have a new regulation enacted without public comment, with the dumb idea that it would be done too quick for conservatives to muster a lawsuit. Some sort of secret "no backsees" provision that a court could just not stop...