- My Forums
- Tiger Rant
- LSU Recruiting
- SEC Rant
- Saints Talk
- Pelicans Talk
- More Sports Board
- Fantasy Sports
- Golf Board
- Soccer Board
- O-T Lounge
- Tech Board
- Home/Garden Board
- Outdoor Board
- Health/Fitness Board
- Movie/TV Board
- Book Board
- Music Board
- Political Talk
- Money Talk
- Fark Board
- Gaming Board
- Travel Board
- Food/Drink Board
- Ticket Exchange
- TD Help Board
Customize My Forums- View All Forums
- Show Left Links
- Topic Sort Options
- Trending Topics
- Recent Topics
- Active Topics
Started By
Message
Change to student loan forgiveness excludes 770,000 more people from $10,000 forgiveness
Posted on 9/30/22 at 12:11 pm
Posted on 9/30/22 at 12:11 pm
LINK
quote:
The Biden administration scaled back eligibility for its student loan forgiveness plan Thursday, the same day six Republican-led states sued President Joe Biden in an effort to block his student loan forgiveness plan from taking effect.
Borrowers whose federal student loans are guaranteed by the government but held by private lenders will now be excluded from receiving debt relief. Around 770,000 people will be affected by the change, according to an administration official.
The Department of Education initially said these loans, many of which were made under the former Federal Family Education Loan program and Federal Perkins Loan program, would be eligible for the one-time forgiveness action as long as the borrower consolidated his or her debt into the federal Direct loan program.
11
Posted on 9/30/22 at 12:14 pm to GetCocky11
Build Back Better more like Walk Back Better
Posted on 9/30/22 at 12:14 pm to GetCocky11
The potato giveth, and the potato taketh away.
Posted on 9/30/22 at 12:16 pm to GetCocky11
First of many more exclusions to come
Posted on 9/30/22 at 12:21 pm to LoneStar23
quote:
First of many more exclusions to come
Seems like it.
Idk if the administration did this to get ahead of any potential court rulings, but its an asston of people who are being thrown out of the program.
Posted on 9/30/22 at 12:22 pm to JasonHotWheelsStreet
quote:
more like Walk Back Better
Posted on 9/30/22 at 12:22 pm to GetCocky11
Impossible. Shitlibs said the legality was airtight. The entire thing will end up getting thrown out in the courts.
Posted on 9/30/22 at 12:26 pm to GetCocky11
Stolen elections have consequences
Posted on 9/30/22 at 12:26 pm to GetCocky11
The dems..."We tried to help you but the Republicans don't care about you... remember to vote!"
Posted on 9/30/22 at 12:28 pm to GetCocky11
If Republicans were to get housed in the midterms, they would deserve every bit of it.
Posted on 9/30/22 at 12:28 pm to GetCocky11
If the 2008 mortgage assistance is any indication, a lot of people will be told to do X to qualify for forgiveness.
After the fact, they will find out they were NOT qualified for this, the organization talking to them knew it, and told them to do it anyway to get their numbers up for a metric they wanted high for a reason.
After the fact, they will find out they were NOT qualified for this, the organization talking to them knew it, and told them to do it anyway to get their numbers up for a metric they wanted high for a reason.
Posted on 9/30/22 at 12:29 pm to GetCocky11
Had to get 7.7B back to send to Ukraine.
Posted on 9/30/22 at 12:31 pm to LoneStar23
quote:
First of many more exclusions to come
good - the whole idea is ridiculous and unfair to 90% of the country
Posted on 9/30/22 at 12:33 pm to skullhawk
quote:
Impossible. Shitlibs said the legality was airtight. The entire thing will end up getting thrown out in the courts.
I dont get how one could think it could possibly be legal for the President alone to just cancel federal debts owed
It makes absolutely no sense
I guess if you just promise it enough then it just happens somehow?
What is this
This post was edited on 9/30/22 at 12:35 pm
Posted on 9/30/22 at 12:34 pm to Athis
quote:
The dems..."We tried to help you but the Republicans don't care about you... remember to vote!"
I said it when this was announced. That was the whole point of this. They know it can’t be done this way. It was just to try to swing midterm votes. Then after midterms they’ll back off from loan forgiveness realizing they can’t do it this way legally. “Well we tried but the Republicans stopped us.”
Posted on 9/30/22 at 12:36 pm to GetCocky11
This entire thing is stupid, just payback your loans you lazy twats
Posted on 9/30/22 at 12:38 pm to Caraway Rye
quote:
I dont get how one could think it could possibly be legal for the President alone to just cancel federal debts owed
They're using a 2003 law that said student loans could be modified for people who've served in the military or have been affected by war or national emergency. It was a 9/11 law that was made permanent by the end of the Bush administration. Its the same law Trump used to issue the initial loan repayment pause.
Higher Education Relief Opportunities For Students Act
Posted on 9/30/22 at 12:39 pm to The Boat
quote:
Then after midterms they’ll back off from loan forgiveness realizing they can’t do it this way legally. “Well we tried but the Republicans stopped us
What's really going to make it good is that the application becomes live in early October. Millions will fill it out, mentally and emotionally investing themselves into it. Then, sometime in December the rug will be pulled out from under them.
Posted on 9/30/22 at 12:43 pm to c on z
quote:
If Republicans were to get housed in the midterms, they would deserve every bit of it.
Friggen idiotPosted on 9/30/22 at 12:47 pm to GetCocky11
quote:
Higher Education Relief Opportunities For Students Act
without impairing the integrity of the student loan programs, to ease the burden on such borrowers and avoid inadvertent, technical violations
https://www.govinfo.gov/content/pkg/PLAW-107publ122/pdf/PLAW-107publ122.pdf
Not sure how this doesnt impair the integrity of the student loan program or avoid inadvertent technical violations
Its just a blanket frick it
Page 1 of 2
Popular
Back to top
Follow TigerDroppings for LSU Football News