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Biden’s plan to wipe student debt
Posted on 11/12/20 at 7:22 am
Posted on 11/12/20 at 7:22 am
How much of a tax hike are we looking at here? This is the most unfair and stupid idea that those two morons will ever try to pass. This is infuriating to those of us who worked hard to pay off our student debt already. frick you Biden and Harris!
12
Posted on 11/12/20 at 7:26 am to Fox McCloud
Don't believe anything candidates say while they are campaigning and you will be much better off.
Posted on 11/12/20 at 7:30 am to Fox McCloud
Seems more prudent to make education more affordable rather than having tax payers foot the bill for other people's mistakes.
Posted on 11/12/20 at 7:32 am to FinleyStreet
Especially when Some of us are essentially paying for it twice. It’s literally absurd. Lower the interest rates to nothing I don’t care but you can’t just remove debt. Someone has to pay for it.
Posted on 11/12/20 at 7:37 am to Fox McCloud
If I'm not mistaken he's just proposing to expand the civil service forgiveness program. It's really not a big deal.
Posted on 11/12/20 at 7:39 am to JohnnyKilroy
He wants to wipe out 10k for 37 million Americans on federally backed loans. That’s just for starters.
The NY senate minority leader thinks he can do 50k. And all this through executive order.
The NY senate minority leader thinks he can do 50k. And all this through executive order.
This post was edited on 11/12/20 at 7:42 am
Posted on 11/12/20 at 7:43 am to Fox McCloud
From what I'm reading that's schumer's idea and they hope he does it. We're talking about politicians here. Talk is cheap
Posted on 11/12/20 at 7:43 am to Fox McCloud
quote:if you think that is true, go take out some student loans, by weekly OTM calls, lose everything, then don't worry about it
Biden’s plan to wipe student debt
Posted on 11/12/20 at 7:55 am to Fox McCloud
quote:
The NY senate minority leader thinks he can do 50k. And all this through executive order.
You cant executive order a budget. They have to cut something else in order to spend more.
Posted on 11/12/20 at 7:55 am to Fox McCloud
Why don’t the colleges just wipe out the debt? Seems like they could just excuse any fees and tuition required rather than making the govt the middle man if tuition is unfair.
Posted on 11/12/20 at 7:58 am to C
When the government starts picking up more of the tab, what do we expect the universities to do?
Charge more.
Economics shouldnt be a foreign concept.
Why do we think college is so expensive in the first place (student loans). And having the government pay isnt going to have a similar effect?
Charge more.
Economics shouldnt be a foreign concept.
Why do we think college is so expensive in the first place (student loans). And having the government pay isnt going to have a similar effect?
Posted on 11/12/20 at 8:03 am to Fox McCloud
this thread will be all about the feels, no facts, all feels
Posted on 11/12/20 at 8:10 am to C
colleges don’t own the debt, they never did.
they’d have to return the money to the lender
whatever happens the lender must agree and they won’t agree unless they get their money
they’d have to return the money to the lender
whatever happens the lender must agree and they won’t agree unless they get their money
Posted on 11/12/20 at 8:13 am to seawolf06
quote:
Don't believe anything candidates say while they are campaigning and you will be much better off.
Correct, he got the votes he needed from that, it will now be pushed way back in the line of things he promised, there will be some excuse as to why it will have to be addressed later.
Posted on 11/12/20 at 8:20 am to Fox McCloud
And millions of students/former students have consolidated federally backed loans that I assume will not be "forgiven." The government would have to actually come out of pocket to pay the banks.
So this is just randomly selecting people for a government windfall (not to mention those who chose not to take out student loans or paid them off), at the expense of tax payers--and for many tax payers it's effectively a double tax as they aren't entitled to forgiveness.
Is this even an equality of outcome redistribution? Doesn't seem to jibe with even f'ed up Marxist "thinking."
Eta: douchebag downvoter, tell me where I'm wrong.
So this is just randomly selecting people for a government windfall (not to mention those who chose not to take out student loans or paid them off), at the expense of tax payers--and for many tax payers it's effectively a double tax as they aren't entitled to forgiveness.
Is this even an equality of outcome redistribution? Doesn't seem to jibe with even f'ed up Marxist "thinking."
Eta: douchebag downvoter, tell me where I'm wrong.
This post was edited on 11/12/20 at 1:07 pm
Posted on 11/12/20 at 8:29 am to cgrand
quote:
colleges don’t own the debt
True but they received the loan proceeds. At a minimum they can stop charging tuition to prevent any future irresponsible debt from being accumulated and then repay the students on their behalf as their education hasn’t provided enough benefit to pay it off.
Posted on 11/12/20 at 8:35 am to meansonny
quote:
They have to cut something else in order to spend more.
Posted on 11/12/20 at 8:35 am to meansonny
quote:
Why do we think college is so expensive in the first place (student loans). And having the government pay isnt going to have a similar effect?
The college funding system needs a major overhaul. If the government insists on being involved on the funding side, they need to place values on degree plans based on their average starting salaries. The blank check method is just stupid. If you want to pursue your dream job selling art or whatever worthless thing you want to do, you gotta find a way to fund it on your own.
I'd like government out of the funding side altogether, but they got their paws into it and I don't see them pulling out altogether.
Posted on 11/12/20 at 11:02 am to Fox McCloud
quote:
This is infuriating to those of us who worked hard to pay off our student debt already.
This is an odd form of envy.
Posted on 11/12/20 at 3:23 pm to Dawgfanman
Having someone else get something of value for free, when you had to pay for it?
Getting fricked for being responsible shouldn't occur.
Now, I also don't think we should attempt to screw over people who are attempting to better their life, but eliminating student loan interest is a better compromise than completely wiping student loan debt clean.
Getting fricked for being responsible shouldn't occur.
Now, I also don't think we should attempt to screw over people who are attempting to better their life, but eliminating student loan interest is a better compromise than completely wiping student loan debt clean.
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