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re: Over $3 Billion in student debt forgiven in 2021, how much did you benefit?
Posted on 7/10/21 at 2:13 pm to LegendInMyMind
Posted on 7/10/21 at 2:13 pm to LegendInMyMind
quote:
How are they just picking and choosing? That just makes a bunch of bullshite even bullshittier.
It's for for-profit, diploma mill scam colleges.
1
Posted on 7/10/21 at 2:14 pm to Kujo
It will be race based. A POC will get 100% debt forgiven.
Whites will have to pay it all back, both their own as well as the minority debt.
Cause reparations.
Get to work white boy!
Whites will have to pay it all back, both their own as well as the minority debt.
Cause reparations.
Get to work white boy!
Posted on 7/10/21 at 2:18 pm to Joshjrn
quote:
The only people who benefited from this round are those who went to “scam” schools and were deemed “defrauded”. $3B sounds like a lot, but it’s barely a drop in the bucket re: student loans debt in this country.
Yeah it's schools that lost accreditation or something similar, and I think it's only for students that haven't graduated yet, so end up in debt with zero transferable hours. Not sure how to interpret the red tape language in the Dept of ED website, though.
But point being, they've already started the process to revoke one of Tulane's med school accreditations (for being racist, of course), and given who the new university president is, I'm sure LSU won't be far behind.
Posted on 7/10/21 at 2:18 pm to Joshjrn
quote:
In theory, yes.
Yeah the rationale is that he would be using the same authority both he and Trump used to freeze the payments and interest accrual entirely for the past year.
Posted on 7/10/21 at 2:20 pm to GetCocky11
I think Biden is more likely to suspend payments indefinitely than he is to forgive large amount of debt by EO.
Posted on 7/10/21 at 2:22 pm to Kujo
Nope, still deep in student debt. But I’m not apart of the demographics they want to extend the forgiveness for
Posted on 7/10/21 at 2:24 pm to Kujo
When I first saw this headline I was mad about it. All of my student loans were refinanced for a better interest rate after school. But if you read about this they forgave people who were ripped off by some of those bullshite schools that basically scammed people out of money.
Posted on 7/10/21 at 2:26 pm to Kujo
This is the reason why they need to treat student loans like all other loans and weigh the risk. You should not be able to take out the same value of loans for cosmetics or other bullshite degrees as you should stem/medical/etc.
Posted on 7/10/21 at 2:42 pm to Kujo
Paid mine off legitimately as well.
Oh well, I’m a sucker I guess.
Oh well, I’m a sucker I guess.
Posted on 7/10/21 at 2:44 pm to Kujo
quote:
Department of Education has now canceled at least $3 billion in student loans since the beginning of the year.
How? How can they just cancel it? Money both is and isn’t some abstract thing. It is because there is nothing physically backing our current paper currency. It isn’t because if they just print mire JT becomes worthless. This move to just cancel student loans debt is a terrible decision.
Posted on 7/10/21 at 2:45 pm to Kujo
quote:
Over $3 Billion in student debt forgiven in 2021, how much did you benefit?
$0.00
Stimulus packages and credits don't help me. I'm middle class.
You can bet that the student loan debt forgiveness isn't going to help me either.
Posted on 7/10/21 at 2:45 pm to goldennugget
quote:
I worked 2 jobs from 2012 to 2018 to pay off all my debt. I think student loans are a sham and the federal government needs to get out from them to put downward pressure on tuition prices, but if I could pay them back through hard work, so can everyone else.
All of this.
This post was edited on 7/10/21 at 2:46 pm
Posted on 7/10/21 at 2:46 pm to GetCocky11
quote:
Biden can do it unilaterally is my understanding.
We are closer to the fall of Rome than many want to admit.
Posted on 7/10/21 at 2:47 pm to Kujo
Modern progressive ideology wants to penalize people like me. They definitely aren't letting anyone like me take advantage of a loan forgiveness program like this.
Posted on 7/10/21 at 2:47 pm to shutterspeed
quote:
It's for for-profit, diploma mill scam colleges.
So don’t go to them
Posted on 7/10/21 at 2:50 pm to Kujo
I went to a real university so I got zero benefit
Posted on 7/10/21 at 2:52 pm to Vinny V
quote:
But if you read about this they forgave people who were ripped off by some of those bullshite schools that basically scammed people out of money.
quote:anyone who went to those schools expecting a good outcome was not scammed. They’re just an idiot and should get nothing
Westwood College, Marinello Schools of Beauty and the Court Reporting Institute
Posted on 7/10/21 at 2:57 pm to Kujo
Uncle Sam has paid for all three of my degrees through the G.I. Bill.
Posted on 7/10/21 at 2:59 pm to CharlesLSU
quote:
Oh well, I’m a sucker I guess.
I think about this far more often than I should. I work, pay my taxes, pay my bills, and try to be financially responsible. Meanwhile, we all know the other side of this. I often question who is the stupid one (sucker) in this scenario.
Posted on 7/10/21 at 3:00 pm to Kujo
Full tuition scholarship kept me from needing loans. Unfortunately, my wife still has a bit to pay off.
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