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Started By
Message
re: Many student loan borrowers are in for a big, bad surprise in 2025
Posted on 12/10/24 at 12:12 pm to JohnnyKilroy
Posted on 12/10/24 at 12:12 pm to JohnnyKilroy
quote:
I'll let all the doctors and nurses serving rural communities that would otherwise be shite out of luck know they couldn't hack it in the city.
While you are telling them that please let the doctors they aren't big pharma reps.
1
Posted on 12/10/24 at 12:31 pm to DakIsNoLB
quote:
That was a known condition in the terms of the PPP loans. There are no such terms of forgiveness in most student loans.
The terms are that the terms can change.
And that doesn’t make all of the people who fraudulently applied for and received PPP loans any less of parasitic moochers.
Posted on 12/10/24 at 12:38 pm to Cosmo
If Biden forgives a loan, Trump can[t "un-forgive" it.
Posted on 12/10/24 at 12:39 pm to FearTheFish
quote:
If Biden forgives a loan, Trump can[t "un-forgive" it.
Sure he can since Biden had no authority to forgive them anyway
Posted on 12/10/24 at 12:42 pm to bradygolf98
Many people paid off 30 grand or 45 grand or whatever number during the last decade from 2010-2020.
But for whatever reason, people who owe money now have been given this political/media green light to act as if they are being treated like shite.
2015 or 2018 was not the Stone Ages. It's not like coffee was 5 cents or college cost $23
Pay the money back.
But for whatever reason, people who owe money now have been given this political/media green light to act as if they are being treated like shite.
2015 or 2018 was not the Stone Ages. It's not like coffee was 5 cents or college cost $23
Pay the money back.
Posted on 12/10/24 at 12:55 pm to JohnnyKilroy
quote:
Nearly all (if not all) loans that have been "forgiven by Biden" have come from borrowers completing their PSLF obligations.
And who signed PSLF into law? Hint... it wasn't Biden... and it wasn't Obama... and it wasn't even a democrat.
Posted on 12/10/24 at 1:09 pm to jizzle6609
quote:
Not if your kids attend private schools.
Just saying.
I attended a private college for my Masters. People in my cohort have been eligible for PSLF because they had federal loans and work in community mental health.
Posted on 12/10/24 at 1:13 pm to MemphisGuy
quote:
And who signed PSLF into law? Hint... it wasn't Biden... and it wasn't Obama... and it wasn't even a democrat.
That was his point.
And it was good ole W. I will say again that Biden gets kudos for administering the program well. On the other hand, the “I only hire the best people” Trump admin under DeVos was an absolute fricking train wreck.
Posted on 12/10/24 at 1:33 pm to bradygolf98
No doubt one of the most expeditious ways of collecting these student loans would be by perusing the courthouse records and placing liens against the property of those who are in arrears. Many of the slackers, (including some on this forum) own nice homes, nice cars and pickups, fancy boats, campers, second homes and or hunting and fishing cabins etcetera etcetera etcetera. Seizure and sale of such properties acquired with funds that should appropriately have been directed toward repayment of the past due loans would be an effective means recouping those funds and applying them to the debt.
Posted on 12/10/24 at 1:46 pm to Cosmo
quote:Almost all of the loans that have been “forgiven” in the past few years either were paid under PSLF or loans to people who were defrauded by their schools.
The dumbasses begging for loan forgiveness arent Trump voters
What exactly are you wanting Trump to “unforgive”?
Posted on 12/10/24 at 1:59 pm to bradygolf98
so many old and young baws who didnt go to college and working at a plant for life 
Of course this board doesnt agree with SLF. You would have had to actually went to college to care.
Of course this board doesnt agree with SLF. You would have had to actually went to college to care.
Posted on 12/10/24 at 2:04 pm to bradygolf98
Posted on 12/10/24 at 2:05 pm to BluegrassBelle
quote:
I attended a private college for my Masters. People in my cohort have been eligible for PSLF because they had federal loans and work in community mental health.
I think what he was getting at was that he doesn’t care if public schools can’t find qualified teachers without PSLF because he sends his kids to private school.
And as we all know, areas with dogshit public schools and people who don’t care to improve them are always nice, desirable, safe places to live and raise a family.
Posted on 12/10/24 at 2:07 pm to TheSadvocate
I’d rather help Americans than foreigners. Our education system and associated costs are a joke. I don’t care if loans are forgiven. Just like I don’t care that the wealthy borrow against their investments vs having to cash in stocks and save on taxes because of it. It’s life.
Posted on 12/10/24 at 2:09 pm to bradygolf98
quote:
Here's a novel idea, pay off the money you borrowed Maybe if they didn't get student loans to stay in college for 6 years in order to earn a worthless liberal arts degree they wouldn't have to default on their loans.
It ain’t always lazy kids looking for free rides and handouts.
The problem is often that the loans were pushed on 17 year olds and the terms were such that the loan can never be paid off or even paid down even if the borrower always intended to pay it back and always has 100% on time payment history.
Posted on 12/10/24 at 2:11 pm to Joshjrn
quote:
The terms are that the terms can change.
And that doesn’t make all of the people who fraudulently applied for and received PPP loans any less of parasitic moochers.
That's not the point. It was known at the outset of student loans what the terms were; most if not all did not have provisions for forgiveness, so whoever took them out knew what the score was.
PPP's did; I don't agree with it, but that was how they were done. I do know a few smaller businesses that PPP kept afloat, but there were still constraints. They couldn't accrue vacation or do 401k matching. They could only maintain salaries and medical benefits. Plenty of instances where it kept people working. As for fraudulent cases, as of Feb. 29 2024, 795 people have been indicted for their alleged covid related crime and 373 people have been sentenced to an average of 34 months of federal prison.
LINK
The fraud isn't going unpunished even though the process was clearly bungled as far as qualifying and receiving the loans.
I imagine loan forgiveness would be highly beneficial to you or you wouldn't be plugging so hard for it.
Posted on 12/10/24 at 2:12 pm to Dadren
quote:
Almost all of the loans that have been “forgiven” in the past few years either were paid under PSLF or loans to people who were defrauded by their school
This. …And combined those are barely a drop in the bucket of borrowers.
I don’t mind the PSLF program. We need teachers and police and firefighters, nurses, etc.
Posted on 12/10/24 at 2:13 pm to DakIsNoLB
quote:
most if not all did not have provisions for forgiveness, so whoever took them out knew what the score was.
It’s been law for nearly 20 years that you can have federal student loans forgiven if you perform certain obligations post-grad.
Posted on 12/10/24 at 2:14 pm to DakIsNoLB
quote:
I imagine loan forgiveness would be highly beneficial to you or you wouldn't be plugging so hard for it.
My loans will be 100% forgiven, 100% tax free, all under current law. None of this is of any moment to me. My explaining the law, and distinctions within the programs, to people is a purely academic exercise.
Plus it annoys me when people are wrong on the internet
Posted on 12/10/24 at 2:16 pm to jizzle6609
quote:Nah, just take your L on that one tough guy.
While you are telling them that please let the doctors they aren't big pharma reps.
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