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Democrats' $50,000 student loan forgiveness plan

Posted on 2/4/21 at 9:06 pm
Posted by lsu xman
Member since Oct 2006
15530 posts
Posted on 2/4/21 at 9:06 pm
quote:

Democrats' $50,000 student loan forgiveness plan would make 36 million borrowers debt-free




quote:

The Senate's top Democrat, Chuck Schumer of New York, along with Sen. Elizabeth Warren, D-Mass., and other Democrats on Thursday put forward a resolution calling on President Joe Biden to forgive $50,000 in student debt for all borrowers.

The plan would cancel all of the debt for 80% of federal student loan borrowers.

Women and people of color would be among the biggest winners.




LINK

Can they pay off everyone's boat loans too while they're at it.
Posted by dagrippa
Saigon
Member since Nov 2004
11286 posts
Posted on 2/4/21 at 9:07 pm to
So if you worked your way through college you are a big fricking idiot.
Posted by Eat Your Crow
caught beneath the landslide
Member since May 2017
9190 posts
Posted on 2/4/21 at 9:07 pm to
Holy frick.

I wonder what happens for people who refinanced or consolidated their student loans with a third party company.
This post was edited on 2/4/21 at 9:09 pm
Posted by fightin tigers
Downtown Prairieville
Member since Mar 2008
73674 posts
Posted on 2/4/21 at 9:08 pm to
If it shuts up the people who bitch about not making enough for their bs degree I will forgive it.


One less excuse why they are general worthless pieces of shite in life.
This post was edited on 2/4/21 at 9:11 pm
Posted by Stiles
Member since Sep 2017
3403 posts
Posted on 2/4/21 at 9:09 pm to
Another win for being irresponsible and getting bailed out. It’s the new American way.
Posted by Lawyered
The Sip
Member since Oct 2016
29244 posts
Posted on 2/4/21 at 9:09 pm to
quote:

The resolution, first made in the Senate last year, was also introduced in the House of Representatives by Rep. Ayanna Pressley, D-Mass.; Rep. Ilhan Omar, D-Minn.; and Rep. Mondaire Jones, D-N.Y.


What a fricking crew this is .

Posted by arseinclarse
Algiers Purnt
Member since Apr 2007
34407 posts
Posted on 2/4/21 at 9:09 pm to
Money printer geaux burrrrrr
Posted by NotoriousFSU
Atlanta, GA
Member since Oct 2008
10185 posts
Posted on 2/4/21 at 9:10 pm to
BREAKING: Politicians propose some more bullshite.
Posted by MJF69
Member since Jan 2021
245 posts
Posted on 2/4/21 at 9:10 pm to
Sweet I get something out of his presidency now
Posted by Olric
New Orleans
Member since Jul 2015
1886 posts
Posted on 2/4/21 at 9:10 pm to
quote:

So if you worked your way through college you are a big fricking idiot.


Or paid off your loans on time
This post was edited on 2/4/21 at 9:12 pm
Posted by James11111
Walnut Creek
Member since Jul 2020
4652 posts
Posted on 2/4/21 at 9:10 pm to
quote:

Money printer geaux burrrrrr


Bitcoin rocketship incoming.
Posted by funnystuff
Member since Nov 2012
8324 posts
Posted on 2/4/21 at 9:11 pm to
So what do I get if I’ve been responsibly paying off 4x my minimum payment for the last 5 years in order to pay off the debt early? shite sandwich, I presume?
Posted by arseinclarse
Algiers Purnt
Member since Apr 2007
34407 posts
Posted on 2/4/21 at 9:12 pm to
quote:

shite sandwich


Hope it was dressed
Posted by HogBalls
Member since Nov 2014
8587 posts
Posted on 2/4/21 at 9:13 pm to
More free shite! The Democrat way! This country is fricked with these idiots at the helm.
Posted by ehidal1
Chief Boot Knocka
Member since Dec 2007
37133 posts
Posted on 2/4/21 at 9:13 pm to
quote:

The plan would cancel all of the debt for 80% of federal student loan borrowers.

Hmm...wonder how they will decide who the 20% is...
Posted by Traveler
I'm not late-I'm early for tomorrow
Member since Sep 2003
24255 posts
Posted on 2/4/21 at 9:14 pm to
One day the bill is going to come in for all this free crap. Reality is going to slap hard and repeatedly.
Posted by dallastigers
Member since Dec 2003
5676 posts
Posted on 2/4/21 at 9:14 pm to
quote:

And around 38% of Black students who entered college in 2004 had defaulted on their student loans within 12 years — a rate three times higher than their White counterparts.


Seems like a cultural thing.


What’s the per capita rate by race for receiving out right grants and also for receiving scholarships or discounts and even being admitted just because of race?



This post was edited on 2/4/21 at 9:21 pm
Posted by Indfanfromcol
LSU
Member since Jan 2011
14723 posts
Posted on 2/4/21 at 9:15 pm to
Thanks everyone for paying off my student loans.
Posted by MikeBRLA
Baton Rouge
Member since Jun 2005
16448 posts
Posted on 2/4/21 at 9:16 pm to
quote:

So if you worked your way through college you are a big fricking idiot.



Exactly. Typical Democrats rewarding the irresponsible.
Posted by Weekend Warrior79
Member since Aug 2014
16324 posts
Posted on 2/4/21 at 9:16 pm to
quote:

Hmm...wonder how they will decide who the 20% is...

I'm assuming that 20% represents the amount that would not be forgiven because it is over $50k

Edit: Does nothing for anyone that refinanced
This post was edited on 2/4/21 at 9:18 pm
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