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re: Next up on the Racism Bingo Card - Cancelling $10k in student debt is structural racism

Posted on 8/23/22 at 7:54 pm to
Posted by HoustonGumbeauxGuy
Member since Jul 2011
31608 posts
Posted on 8/23/22 at 7:54 pm to
Living in a small crappy apartment but driving a brand-new Lexus says a lot about a person‘s financial responsibility
Posted by GreatLakesTiger24
Member since May 2012
57878 posts
Posted on 8/23/22 at 8:11 pm to
quote:

Brown Girl Burner
@BrownGirlBurn
He wants to cancel $10,000? ??

INTEREST WILL RECOVER THAT AMOUNT IN A YEAR.

The INTEREST is the most PREDATORY element of the loans. Cancel all interest at the very least and lower all current interest rates to no higher than 2%!
#CancelStudentDebt
Posted by RLDSC FAN
Rancho Cucamonga, CA
Member since Nov 2008
56065 posts
Posted on 8/23/22 at 8:11 pm to
Posted by Dawgfanman
Member since Jun 2015
24808 posts
Posted on 8/23/22 at 8:13 pm to
The average white person, black person, Asian person etc has no student debt. This is all bullshite
Posted by tigger4ever
Member since Apr 2021
1095 posts
Posted on 8/23/22 at 9:32 pm to
Can you imagine making $124,999 and missing it by a penny. ??
Posted by PistolPete45
Mandeville, LA
Member since Apr 2012
592 posts
Posted on 8/25/22 at 9:39 am to
wow.. so would no forgiveness have been racist too?

This post was edited on 8/25/22 at 9:41 am
Posted by FightinTigersDammit
Louisiana North
Member since Mar 2006
41732 posts
Posted on 8/25/22 at 9:49 am to
I bet she smells like fried chicken and unpaid loans
Posted by LSUtoBOOT
Member since Aug 2012
16647 posts
Posted on 8/25/22 at 9:58 am to
quote:

Why couldn’t she major in a STEM field? What held her back?


The [white] man.
Posted by Bonkers119
Baton Rouge
Member since Dec 2015
11244 posts
Posted on 8/25/22 at 10:12 am to
It’s actually targeted to help minorities more. The majority of student loan debt that minorities have is through Pell Grants, because those are designed to help low income families. They’re the ones that qualify for $20k in relief.
Posted by GRTiger
On a roof eating alligator pie
Member since Dec 2008
65992 posts
Posted on 8/25/22 at 10:39 am to
60% of black student debt holders recieved Pell Grants (more than any other race) which means most black debt holders will receive double what most white debt holders receive (30% of white debt holders received Pell grants.)

This part was literally put in because of the racial makeup of Pell grant recipients as a way to provide additional benefit to more minority debt holders.

And of course, it's racist against blacks.
Posted by AUFANATL
Member since Dec 2007
4659 posts
Posted on 8/25/22 at 10:45 am to
quote:

Considering I just paid my loans off a month ago, this pisses me off


You were stupid to pay these off when the government put a moratorium on payments and interest and campaigned on cancelling student loan debt. Set your loan payment money aside in an interest bearing account on the chance they don't succeed, but don't put yourself in a position to be a sucker when you have nothing to gain.

Lesson learned. NEVER trust the government to do the responsible thing.

Posted by Clames
Member since Oct 2010
17796 posts
Posted on 8/25/22 at 10:59 am to
Her $52,000 is bullshite too but then again her loans probably went towards a second-hand Range Rover and Louis Vuitton purse.
Posted by GRTiger
On a roof eating alligator pie
Member since Dec 2008
65992 posts
Posted on 8/25/22 at 11:54 am to
This reminds me of that heartbreaking story of the black female veteran who racked up $90k in debt (despite the GI Bill) over 7 years at University of Phoenix and was "working" as an HR consulting business owner specifically geared towards black professionals.

According to her, this racist tax break will allow her to "find herself" rather than have to make money to pay bills.
Posted by YouAre8Up
in a house
Member since Mar 2011
12792 posts
Posted on 8/25/22 at 11:55 am to
That didn't take long
Posted by BigWillyMetry
Member since Dec 2021
1548 posts
Posted on 8/27/22 at 10:49 pm to
FU$K all these people
Posted by jbird7
Central FL
Member since Jul 2020
5606 posts
Posted on 8/27/22 at 11:01 pm to
quote:

I know this forum hates hearing this but being black is really harder. There are many times where they have to do more to get to the same place.


It’s harder bc of the toxic culture that flourishes within the black community not bc of the system. Family structure is hardly a thing, majority are raised in fatherless homes. There’s no respect for authority, no value for education, and street life is glorified. It’s no coincidence that the ones who do come from a good home, that value education and hard work, end up making something of themselves.
Posted by Cracker
in a box
Member since Nov 2009
18910 posts
Posted on 8/27/22 at 11:10 pm to
*We all know the whites made their money off the blacks that’s what every kid is being taught that’s why Whitey has less debt.

* sarcastic font unavailable
Posted by USMCguy121
Northshore
Member since Aug 2021
6332 posts
Posted on 8/27/22 at 11:12 pm to
You're goddamn right kween!! Cancel ALL of it. Its all frickin funny money anyway at this point. Lets go! full clown world!
Posted by NOLAGurl
Member since Aug 2021
354 posts
Posted on 8/28/22 at 5:36 am to
The stupider bit is if they got a Pell Grant, which they usually did if their income was low (which supposedly all poor poor black women's income is), it's 20 grand anyway, so she's just wrong
Posted by rd280z
Richmond
Member since Jan 2007
2426 posts
Posted on 8/28/22 at 5:43 am to
Are there any stipulations to getting this student loan debt removed? Do they have to graduate? At least make a C or better when they did attend? Perhaps the government screwed up by allowing certain students into expensive schools that really were not qualified in the first place.
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