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White House set to cancel $10k of student loans

Posted on 5/27/22 at 7:46 am
Posted by BurningHeart
Member since Jan 2017
9956 posts
Posted on 5/27/22 at 7:46 am
Listening to cnbc right now. Biden was planning to announce after the weekend but decided to push it up because of the school shooting



Posted by terriblegreen
Souf Badden Rewage
Member since Aug 2011
11834 posts
Posted on 5/27/22 at 7:47 am to
Jesus Christ.
Posted by LoneStar23
USA
Member since Aug 2019
5781 posts
Posted on 5/27/22 at 7:47 am to
I’ll believe it when I see it subtracted from my loans
Posted by fightin tigers
Downtown Prairieville
Member since Mar 2008
76119 posts
Posted on 5/27/22 at 7:48 am to
*for low income individuals
Posted by terriblegreen
Souf Badden Rewage
Member since Aug 2011
11834 posts
Posted on 5/27/22 at 7:49 am to
If you took a loan. Pay it back. Period.

fricking crybabies.
Posted by MSTiger33
Member since Oct 2007
21429 posts
Posted on 5/27/22 at 7:49 am to
And not for private loans
Posted by 93and99
Dayton , Oh / Allentown , Pa
Member since Dec 2018
14400 posts
Posted on 5/27/22 at 7:50 am to
quote:

White House set to cancel $10k of student loans



It's called pandering to stupid lowlifes.
Posted by go ta hell ole miss
Member since Jan 2007
14532 posts
Posted on 5/27/22 at 7:51 am to
quote:

I’ll believe it when I see it subtracted from my loans


It won’t apply to anyone on the OT. There is an income limit cap of $125k, so if you make more than that they are not cancelling any of your debt.
This post was edited on 5/27/22 at 7:52 am
Posted by RogerTheShrubber
Juneau, AK
Member since Jan 2009
294621 posts
Posted on 5/27/22 at 7:51 am to
Awesome.

Blue collar dudes and people who paid their loans off bailing out ne'er do wells.
Posted by East Coast Band
Member since Nov 2010
66950 posts
Posted on 5/27/22 at 7:51 am to
Posted by upgrayedd
Lifting at Tobin's house
Member since Mar 2013
138033 posts
Posted on 5/27/22 at 7:52 am to
quote:

I’ll believe it when I see it subtracted from my loans

You won't. I'm sure there's some stipulation that you have to meet certain biometric and financial screening standards.
Posted by bulldog95
North Louisiana
Member since Jan 2011
21174 posts
Posted on 5/27/22 at 7:52 am to
I paid mine back. I understood that if I signed and received a loan then I had to pay it back.

If you got a student loan you should have to pay it back even if the degree you got is worthless and you make less than a HS graduate that went to trade school.
Posted by wileyjones
Member since May 2014
2689 posts
Posted on 5/27/22 at 7:52 am to
What about those who worked jobs to pay while in college?

I hate this so much
Posted by GreatLakesTiger24
Member since May 2012
58858 posts
Posted on 5/27/22 at 7:52 am to
more middle class welfare!
Posted by RogerTheShrubber
Juneau, AK
Member since Jan 2009
294621 posts
Posted on 5/27/22 at 7:53 am to
quote:

What about those who worked jobs to pay while in college?


Now you get to pay the bill of others. Thats your reward.

Democrats punish those who make good decisions.
Posted by LNCHBOX
70448
Member since Jun 2009
88578 posts
Posted on 5/27/22 at 7:54 am to
quote:

It won’t apply to anyone on the OT. There is an income limit cap of $125k, so if you make more than that they are not cancelling any of your debt.


If individual almost everyone here will qualify
Posted by Chimlim
Baton Rouge, LA
Member since Jul 2005
17772 posts
Posted on 5/27/22 at 7:54 am to
Will I get a refund of $10k since I paid my loans off already?
Posted by LNCHBOX
70448
Member since Jun 2009
88578 posts
Posted on 5/27/22 at 7:55 am to
quote:

I paid mine back. I understood that if I signed and received a loan then I had to pay it back.

If you got a student loan you should have to pay it back even if the degree you got is worthless and you make less than a HS graduate that went to trade school.




This. I used my loans to get an engineering degree. It was a worthwhile investment. The general studies major that has $50k of debt, not so much.
Posted by McVick
Member since Jan 2011
4602 posts
Posted on 5/27/22 at 7:55 am to
Why is the person labeled Tax-Payers so fat? It kind of sends a mixed message. If the tax payers are so fat, they can afford to lose some weight for the betterment of their overall health.
Posted by GreatLakesTiger24
Member since May 2012
58858 posts
Posted on 5/27/22 at 7:55 am to
i have a buddy who still has like 60k in student debt but i'm pretty sure he's making north of 130k. tough!
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