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

[Wreckem]

Anyone complaining about student loan forgiveness is clueless. The rich got about $7or8 trillion in handouts in Trumps last year between PPP and the Fed’s propping up the stock market. The rich double or tripled their net worths while the poor and middle class got peanuts.

We could have had universal healthcare, fully funded higher education and complete loan foregiveness and still had several trillion left over.

Everyone blames Biden for inflation but the reality it was the largest bank heist in American history. What occurred in 2020 was the single biggest shift of wealth from the middle class to the rich in American history.

 

[Zorba]

Peculiar notions of Christianity continue to surface apace


View attachment 66592

After the 50 yo spent the last 30 years voting to remove funding from public education.

 

[K1052]

After the 50 yo spent the last 30 years voting to remove funding from public education.

Hey now you're not supposed to accurately blame the people who voted for the policies that created the problem.

 

[Zorba]

Like we've got starships but no cluster munitions or just like a really big can of Raid?

Isn't it supposed to be Satire, though? I agree, though, first time I watched it when I was around 12 I said "I'm pretty sure we are more capable today than the people flying spaceships in that movie."

I did really enjoy the shower scene, though.

 

[K1052]

I did really enjoy the shower scene, though.

mmhhmm

 

[IronWing]

It’s been decades since I read the book but I think I would remember that.

 

[FelixDeCat]

Anyone complaining about student loan forgiveness is clueless. The rich got about $7or8 trillion in handouts in Trumps last year between PPP and the Fed’s propping up the stock market. The rich double or tripled their net worths while the poor and middle class got peanuts.

We could have had universal healthcare, fully funded higher education and complete loan foregiveness and still had several trillion left over.

Everyone blames Biden for inflation but the reality it was the largest bank heist in American history. What occurred in 2020 was the single biggest shift of wealth from the middle class to the rich in American history.

It is immoral to let people walk away from debts they agreed to incur. Biden is just the enabler of immorality.

It is absurd to say stupid things like "but others got this" and "others got that" therefore I am entitled to walk away. This is bad for society.

If you want to fix things, lower the cost of education by providing it at the most economical means such as online only colleges. You dont need a fancy campus, stupid sports programs with million dollar coaches, overpaid staff, etc. Just let the algorithms run the school and let a few low paid overseas professors keep an eye on things.

Problem solved.

 

[Brainonska511]

It is immoral to let people walk away from debts they agreed to incur. Biden is just the enabler of immorality.

Eagerly awaiting your thread on repealing bankruptcy laws and bring back debtors prisons.

 

[lsd]

It is immoral to let people walk away from debts they agreed to incur. Biden is just the enabler of immorality.

It is absurd to say stupid things like "but others got this" and "others got that" therefore I am entitled to walk away. This is bad for society.

If you want to fix things, lower the cost of education by providing it at the most economical means such as online only colleges. You dont need a fancy campus, stupid sports programs with million dollar coaches, overpaid staff, etc. Just let the algorithms run the school and let a few low paid overseas professors keep an eye on things.

Problem solved.

But I'm sure you have no problem with your dear leader Trump filing for bankruptcy 6 times right?

 

[Captante]

I don't think I agree with this at all. So someone who paid for school without a loan gets nothing but someone who took loans does?

I'm all for free community college and other ideas but this is so skewed vs fair and even.

Selfish.... really selfish.

Never occurs to you that most of the people who were able to pay for school and/or pay off their loans quickly were only able to do so because they were a lot better off financially?

But poor poor you cry me a freaking river.... pathetic.

Biden is just the enabler of immorality.

Take a guess what you're the "enabler" of?

 

[Sunburn74]

It is immoral to let people walk away from debts they agreed to incur. Biden is just the enabler of immorality.

It is absurd to say stupid things like "but others got this" and "others got that" therefore I am entitled to walk away. This is bad for society.

If you want to fix things, lower the cost of education by providing it at the most economical means such as online only colleges. You dont need a fancy campus, stupid sports programs with million dollar coaches, overpaid staff, etc. Just let the algorithms run the school and let a few low paid overseas professors keep an eye on things.

Problem solved.

I'm confused? Who's walking away from debts and what does that have to do with morality? Its a small loan forgiveness.
There are others you know. There are several programs right now that if you work in certain industries or in certain locales the government will completely forgive all your loans. Are those immoral? I mean when I signed up for a college loan I promised to pay it back with my money but then I completely and unwittingly chose a field that happened to be supported by a program that completely forgave my loan if I worked in the city I worked in, something I had no idea about when I accepted the loan . So does that make me more moral? Less moral because I'm using free government money?

Come on bro, lets not blow this out of perspective or tie in morality.

Yes I agree about the costs of education rising way faster than the cost of EVERYTHING else. Could the government crack down on it? Maybe but it'd be hard and very unpleasant; I mean people like football. But those are separate things to talk about besides this relatively paltry loan forgiveness being offered right now as the economy is trying to recover from a historic pandemic that caused historic level of financial disruption across all the US. I mean for god's sake, just a year ago every america family got like 2000 dollars for free.

 

[uclaLabrat]

So you don't drive on roads, drink city water, use city sewage, and have never used any public education? Or is does it just not count as a government program if you use it?

Oh he most certainly did not use public education!

 

[Captante]

Oh he most certainly did not use public education!

Idk.... MOST public schools offer a "special gifted" class!

 

[Moonbeam]

Was this posted: https://www.courier-journal.com/sto...s-theft-we-must-pay-college-debt/65419586007/

 

[ElFenix]

brandon getting spicy thanks to new twitter intern

https://twitter.com/x/status/1562957374339497987

 

[ch33zw1z]

I see a trump voter is suddenly concern with morality? lol....yea ok champ.

 

[yottabit]

It is immoral to let people walk away from debts they agreed to incur. Biden is just the enabler of immorality.

It is absurd to say stupid things like "but others got this" and "others got that" therefore I am entitled to walk away. This is bad for society.

If you want to fix things, lower the cost of education by providing it at the most economical means such as online only colleges. You dont need a fancy campus, stupid sports programs with million dollar coaches, overpaid staff, etc. Just let the algorithms run the school and let a few low paid overseas professors keep an eye on things.

Problem solved.

How about the fact that for a great many people like myself, we’ve already paid much more than our original loan balance due to 6 and 7+ percent interest rates in the GWB era?

I’m guessing this also applies to a LOT of people and basically anyone who had to dip into forebearance due to hardship pre-COVID, where you didn’t have to pay but the interest kept accruing. Everyone seems to be universally OK with near 0% interest student loans and for many this is just a correction toward that

Another fun fact is that my final year of college (engineering degree) cost as much as the previous 3 years put together due to underfunded state scholarship programs expiring. I had a 3.8+ GPA but there was just not more money in merit based scholarships.

I went to the most affordable (quality) school I could going in. I even had to deal with people laughing at my choice because I was accepted to much more prestigious engineering colleges. But despite my best efforts I still ended up with a choice of either not finishing my engineering degree, or essentially doubling my budget.

I do benefit from this but I’m just quite happy to see something happening at all. The changes to minimum payment of 5% on the income based repayment plan and forgiveness after 20 years will be huge for many people. Unfortunately I don’t see it does anything to control any of the costs of rising tuition

 

[brycejones]

It is immoral to let people walk away from debts they agreed to incur. Biden is just the enabler of immorality.

It is absurd to say stupid things like "but others got this" and "others got that" therefore I am entitled to walk away. This is bad for society.

If you want to fix things, lower the cost of education by providing it at the most economical means such as online only colleges. You dont need a fancy campus, stupid sports programs with million dollar coaches, overpaid staff, etc. Just let the algorithms run the school and let a few low paid overseas professors keep an eye on things.

Problem solved.

1. Fuck off with the morality. You voted for Trump twice. You also continue to vote for politicians who are doing nothing about climate change while admitting its a problem.

2. That's has to be the dumbest fucking way to educate people I've seen in a while based on the evidence we gathered from the pandemic. Plus there are lots of majors that require physical facilities like labs.

3. At large universities what you call stupid sports programs are actually money makers for the university. Also most of those high salaries are actually paid for by boosters and through media contracts not directly by the university itself.

So in short take your profound ignorance and GFY.

 

[ch33zw1z]

How about the fact that for a great many people like myself, we’ve already paid much more than our original loan balance due to 6 and 7+ percent interest rates in the GWB era?

I’m guessing this also applies to a LOT of people and basically anyone who had to dip into forebearance due to hardship pre-COVID, where you didn’t have to pay but the interest kept accruing. Everyone seems to be universally OK with near 0% interest student loans and for many this is just a correction toward that

Another fun fact is that my final year of college (engineering degree) cost as much as the previous 3 years put together due to underfunded state scholarship programs expiring. I had a 3.8+ GPA but there was just not more money in merit based scholarships.

I went to the most affordable (quality) school I could going in. I even had to deal with people laughing at my choice because I was accepted to much more prestigious engineering colleges. But despite my best efforts I still ended up with a choice of either not finishing my engineering degree, or essentially doubling my budget.

I do benefit from this but I’m just quite happy to see something happening at all. The changes to minimum payment of 5% on the income based repayment plan and forgiveness after 20 years will be huge for many people. Unfortunately I don’t see it does anything to control any of the costs of rising tuition

lol you’re very first sentence…

“How about the fact”….that’s where you’ll lose FelixDaBrat

 

[IronWing]

I see a trump voter is suddenly concern with morality? lol....yea ok champ.

Felix has always been a moral poseur.

 

[FelixDeCat]

Eagerly awaiting your thread on repealing bankruptcy laws and bring back debtors prisons.

Student loan debt cannot be dismissed in bankruptcy. If a borrowers circumstances warrant it, I think they *should* allow a portion to be dismissed not all of it.

People should get a second chance in bankruptcy but debt should not be dismissed broadley especially when some are doing just fine, thank you very much.

 

[GoPackGo]

The interest just doesn't accrue.... It CAPITALIZES. What part of this don't you all who are against this understand? Decades of predatory lending.

 

[Zorba]

3. At large universities what you call stupid sports programs are actually money makers for the university. Also most of those high salaries are actually paid for by boosters and through media contracts not directly by the university itself.

I agree with the rest of your post, but this needs evidence.

I know investigations into my school (Oklahoma State) have shown large sums being funneled from the education side to athletic department. For example, Stillwater High School rents the arena for graduation for $10K, while the university pays over $1M even though the arena bonds are full paid for with student fees. There has been multiple ledger reviews that show the athletic department does not pay for their massive utility use. And both the arena expansion and football stadium expansion were paid for with bonds guaranteed with student fees. No one has ever claimed any money has (directly) flowed from the athletic department to academics. There is an argument that athletics does help fund raising for academics, but I seriously doubt any school academics is directly making money off athletics.

 

[fskimospy]

I agree with the rest of your post, but this needs evidence.

I know investigations into my school (Oklahoma State) have shown large sums being funneled from the education side to athletic department. For example, Stillwater High School rents the arena for graduation for $10K, while the university pays over $1M even though the arena bonds are full paid for with student fees. There has been multiple ledger reviews that show the athletic department does not pay for their massive utility use. And both the arena expansion and football stadium expansion were paid for with bonds guaranteed with student fees. No one has ever claimed any money has (directly) flowed from the athletic department to academics. There is an argument that athletics does help fund raising for academics, but I seriously doubt any school academics is directly making money off athletics.

Athletic programs lose money at the vast majority of universities but at the few elite ones it is a money maker, at least for sports like football and basketball.

 

[Zorba]

Athletic programs lose money at the vast majority of universities but at the few elite ones it is a money maker, at least for sports like football and basketball.

Yes, but only for the athletic programs. Not even OU returns any money back to academics. Football and basketball make money which sports other athletic programs, but not education.