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

[FelixDeCat]

GOP getting ready to press the self destruct button.

https://www.washingtonpost.com/us-policy/2022/09/01/republicans-sue-biden-student-debt/

Yeah for fairness!

 

[Roger Wilco]

Yeah for fairness!

And for Dem congressional candidates!

 

[Zorba]

Republican governors tell Biden to shove it. I think Biden should listen and not offer the forgiveness to anyone in those 20 states. Of course as soon as they move to a non-backasswards state they would get it. Let the brain drain continue.

Almost half of U.S. governors ask Joe Biden to cut student loan forgiveness plan

In a letter to Biden, Republican governors say they support "making higher education more affordable" but don't want to "force American taxpayers to pay off the student loan debt of an elite few."

www.npr.org

 

[K1052]

Republican governors tell Biden to shove it. I think Biden should listen and not offer the forgiveness to anyone in those 20 states. Of course as soon as they move to a non-backasswards state they would get it. Let the brain drain continue.

Almost half of U.S. governors ask Joe Biden to cut student loan forgiveness plan

In a letter to Biden, Republican governors say they support "making higher education more affordable" but don't want to "force American taxpayers to pay off the student loan debt of an elite few."

www.npr.org

Republicans: This is unfair. We support making *x policy issue* better/cheaper instead.

Democrats: Ok, let's do that.

Republicans: Well hey now hold on there we didn't mean actually do anything that might make a difference. We're just showing support.

 

[fskimospy]

Republicans: This is unfair. We support making *x policy issue* better/cheaper instead.

Democrats: Ok, let's do that.

Republicans: Well hey now hold on there we didn't mean actually do anything that might make a difference. We're just showing support.

As far as I can tell it's that they realize their actual policy of 'we prefer to do nothing' is hideously unpopular so you can mitigate that by signing on to some nebulous idea of future improvement like they did with health care.

 

[K1052]

As far as I can tell it's that they realize their actual policy of 'we prefer to do nothing' is hideously unpopular so you can mitigate that by signing on to some nebulous idea of future improvement like they did with health care.

Their actual policies are a good deal less popular than even doing nothing. See ACA drama in 2017-18 and now Dobbs.

 

[SMOGZINN]

The Conservatives solution is simple. We Free Market the problem away!

The real problem is regulation and the government getting in the way. If we only allowed anyone to sell diplomas without all the accreditation and regulations then the Free Market would allow for more competition and the prices would go down! Sure, there would still be those high end prestigious schools for the elite that have all the luxuries like teachers and syllabi, but there would be affordable diplomas for everyone else as well!

 

[uclaLabrat]

All that will happen in a "brain drain" is consolidating even more political power in the hands of right wing zealots. This is not the answer.

 

[ImpulsE69]

Even I agree that Biden's plan is stupid and fixes nothing. There are better answers out there, but I doubt the GOP would sign off on any of them.

 

[SMOGZINN]

Even I agree that Biden's plan is stupid and fixes nothing. There are better answers out there, but I doubt the GOP would sign off on any of them.

While my family will directly benefits from this plan, I do question a solution that will lead us to having the same or worse problem in 10 more years...
It feels like if we can't fix it proper then doing nothing might actually be the larger net benefit to society.
But it is hard to not help people that need help now. So, ultimately I am for it. Maybe the Republicans will be more willing to do something useful in 10 years.

 

[KMFJD]

Meanwhile

Trump Wiped Almost All Potential Fraud Flags From Largest PPP Loans in Last Days in Office

Officials cleared nearly all potential fraud flags given to loans above $2 million just days before Trump left office.

truthout.org

amazing

 

[K1052]

Student loan relief is out of "beta" or "soft launch" and fully live. Go apply if you are eligible.

https://twitter.com/x/status/1582087895560884225

 

[K1052]

12M applications in with minimal hiccups is fairly impressive. Biden and Co clearly remember the healthcare.gov debacle.

https://twitter.com/x/status/1582507699773706242

 

[DaaQ]

12M applications in with minimal hiccups is fairly impressive. Biden and Co clearly remember the healthcare.gov debacle.

https://twitter.com/x/status/1582507699773706242

Wife won the lotto, I on the other hand got "Besty Devos'd" right before the COVID hit. for 1700 for an orientation class no less.

 

[Franz316]

I filled out the form yesterday and everything was very simple. We'll see how long it takes to go through. I'll be going from $390 a month to nothing. Young people better fk'ing vote because this would have never happened under GQP president.

 

[Homerboy]

Even I agree that Biden's plan is stupid and fixes nothing. There are better answers out there, but I doubt the GOP would sign off on any of them.

There's no question this is not a "fix" of any shape way or form. Think of all the kids taking out loans this year and next year - they (for now) get nothing. The cycle is just continuing. And while $10k is nothing to scoff at, the reality is it barely scratches the surface of what actual relief means.


State schools need to be cheaper for residents.
Community College should be free (or next to free).
Federal loans should have WAY better interest rates (or no interest at all). Not sure why the gov't should be making money off people trying to get a higher education.

Dolling out $10K to people already in debt and doing NOTHING to stem the flow of people going into debt does nothing.

 

[K1052]

People who complain about this not being a permanent solution should ask Republicans what their plans are to lower education costs.

 

[SMOGZINN]

Dolling out $10K to people already in debt and doing NOTHING to stem the flow of people going into debt does nothing.

It sure does something for those people getting $10k.
Fix what you can, for the people you can, when you can.
I too would prefer a real solution and not a bandaid, but when a bandaid is all you have, that is what you use.

 

[Homerboy]

People who complain about this not being a permanent solution should ask Republicans what their plans are to lower education costs.

It sure does something for those people getting $10k.
Fix what you can, for the people you can, when you can.
I too would prefer a real solution and not a bandaid, but when a bandaid is all you have, that is what you use.

Don't get me wrong - I'm not "complaining" about it at all. The $10 k definitely helps, but it's not a solution. I realize that the largest obstacle here for any sort of progress is the GOP unwilling to do anything to actually help people.

In fact, my son is likely to get $20k in reimbursement ($10k in his name, $10K in the Parents Plus loans I took out in my name... loophole! ). We're happy as SHIT about that. But then there's my nephew who is starting college and will get $0. That just seems horribly unbalanced. I am ALL FOR the reimbursement. But I am MORE FOR actual structural and meaningful change to higher education.

 

[SMOGZINN]

But I am MORE FOR actual structural and meaningful change to higher education.

I think everyone is, even Conservatives. They just can't figure out how to make sure the white, err...I mean right, people get the benefits. Their ideology makes it better for everyone to suffer then to risk giving something to someone that might not deserve it.

 

[Homerboy]

I think everyone is, even Conservatives. They just can't figure out how to make sure the white, err...I mean right, people get the benefits. Their ideology makes it better for everyone to suffer then to risk giving something to someone that might not deserve it.

Nah - I don't think the conservatives give two shits about the expense of college. Their kids, and their friends kids, and their donors kids are all going to get in and afford it. Middle/lower class (regardless of skin tone)? They couldn't care less. Take out unmanageable loans for a degree that means less and less every year, and be forced into indentured servant class for the rest of you life to pay it off. Whether you're white, brown, black, green, purple... they don't care.

 

[Greenman]

People who complain about this not being a permanent solution should ask Republicans what their plans are to lower education costs.

The easy answer to lowering education cost is to stop dumping billions of dollars into the system.
There are more refined approaches to controlling the student debt issue. A simple one would be honest councilors that give potential students real advice and actually help them invest in their future wisely.
There are more draconian methods that would help. Select the 10 or 15 degrees with the least earning potential and require secured loans for them. The problem is solvable.

 

[K1052]

The easy answer to lowering education cost is to stop dumping billions of dollars into the system.
There are more refined approaches to controlling the student debt issue. A simple one would be honest councilors that give potential students real advice and actually help them invest in their future wisely.
There are more draconian methods that would help. Select the 10 or 15 degrees with the least earning potential and require secured loans for them. The problem is solvable.

Simply provide way fewer people with education is certainly one way to go.

 

[SMOGZINN]

The easy answer to lowering education cost is to stop dumping billions of dollars into the system.

There is a conservatives answer to the problem! A soundbite that sounds like it would work, as long as you don't think about it for more than a few seconds!
Oh, wait. Most universities are non-profit. So, if you stop dumping billions into them they just have to offer less education, not lower prices.

A simple one would be honest councilors that give potential students real advice and actually help them invest in their future wisely.

What advise do you think councilors are giving? And how does this jive with the standard answer that all conservatives give when asked how to help the poor, get a higher education?

There are more draconian methods that would help. Select the 10 or 15 degrees with the least earning potential and require secured loans for them. The problem is solvable.

So, you must declare your major before you start university? What if you change it mid-term? What if you get more then one degree, or are we limiting degrees to one per person?

 

[TheVrolok]

Young people better fk'ing vote because this would have never happened under GQP president.

Narrator: They didn't.