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re: Biden Proposes Cancelling $50,000 In Student Debt For Every American

Posted on 4/1/21 at 6:48 pm to
Posted by gthog61
Irving, TX
Member since Nov 2009
71001 posts
Posted on 4/1/21 at 6:48 pm to
quote:

Cancelling debt doesn't fix the root of the problem - college has become way too expensive.


That isn't the root of the problem. That is a design feature.

Academia is controlled by the left and does their bidding. The govt gets in the student loan business, showering them on anybody, and funnels money to another leftist special interest group. They have NO incentive to control costs and now the sham will be bailed out just leke the state govts were.
Posted by Taxing Authority
Houston
Member since Feb 2010
57244 posts
Posted on 4/1/21 at 6:48 pm to
quote:

the president can cancel up to $50,000 in student loan debt per borrower with the wave of his pen.
WHo want's to be a dictator?
Posted by tigerskin
Member since Nov 2004
40243 posts
Posted on 4/1/21 at 6:48 pm to
quote:

Cancelling debt doesn't fix the root of the problem - college has become way too expensive. Even state schools. Tuition prices have skyrocketed BECAUSE of student loans. It's a symbiotic relationship. Institutions see all this easy to access money out there and incoming 17/18 year olds don't really think critically about how much it truly costs to go to school.

TCU is unrecognizable to me these days. So many new fancy buildings have been built in the 10 years since I was a student. Tuition is also twice as much as it was when I went there. Over a 100% increase in only 10 years. The average person can't afford to go to TCU these days. They are only catering to the rich 1%ers from California now.

The massive increase in tuition prices have nothing to do with the quality of the education. It's about the new buildings, facilities and amenities.



Nailed it. Out of state costs to go to public schools are out of control too. It simply isn’t worth the cost.
Posted by CedarChest
South of Mejico
Member since Jun 2020
2782 posts
Posted on 4/1/21 at 6:54 pm to
quote:

Us conservative people need to be damned sure to take control of the SE and exclude Georgia. We need to once again burn Atlanta to the damned ground.


This Georgia boy is with ya on the merits. But maybe build a wall around the metro ATL and take control of the rest. Also, whatcha gonna do about Virginia? I say cede the DC burbs to DC or Maryland and keep the rest. And I garantee you West Virginia would be right there without any sales job whatsoever. Deo Vindice
Posted by oldskule
Down South
Member since Mar 2016
15476 posts
Posted on 4/1/21 at 7:01 pm to
quote:

Academia is controlled by the left and does their bidding.


And after the social justice bullshite over the last year, donations to universities will be down. I know LSU will NOT get another penny from me....
Posted by NoSaint
Member since Jun 2011
11281 posts
Posted on 4/1/21 at 7:05 pm to
quote:

How about people paid off their own debt. I will be pissed. 35 grand of MY debt.lame


Meh. There are plenty of programs that I can’t benefit from that are fine.

I’m just not into student loan forgiveness specifically, regardless of paying my own off
Posted by LSU Patrick
Member since Jan 2009
73494 posts
Posted on 4/1/21 at 7:11 pm to
Hell, 50K is nothing, Why not 100K?
Posted by OysterPoBoy
City of St. George
Member since Jul 2013
35122 posts
Posted on 4/1/21 at 7:13 pm to
What about the people of color who couldn’t get into school because of racist admissions departments? Let’s just give everyone $275,000 and not mention it again.
Posted by VooDude
Member since Aug 2017
1084 posts
Posted on 4/1/21 at 7:13 pm to
quote:


Biden Proposes Cancelling $50,000 In Student Debt For Every American
President Joe Biden's Secretary of Education is looking into whether the president can cancel up to $50,000 in student loan debt per borrower with the wave of his pen.

White House Chief of Staff Ron Klain said at a Politico Playbook event Thursday that Biden had asked Education Secretary Miguel Cardona to figure out if the president had legal authority to make the move and write the president a report.

On the campaign trail, which he reiterated more recently, he said he wanted to wipe away $10,000 per borrower, but prominent Democrats, including Senate Majority Leader Chuck Schumer, Sen. Elizabeth Warren and Rep. Alexandria Ocasio-Cortez have pressed him to pursue $50,000 in debt relief per student.
But I got a full ride to Emory. This is not fair. Will I get a $50k check to make up for it? Now everyone else is getting a foolish ride minus interest.
This post was edited on 4/1/21 at 7:17 pm
Posted by MeatCleaverWeaver
Member since Oct 2013
22175 posts
Posted on 4/1/21 at 7:28 pm to
Free money! Reeeeeee!
Posted by lsufan1971
Zachary
Member since Nov 2003
18252 posts
Posted on 4/1/21 at 7:29 pm to
quote:

I know LSU will NOT get another penny from me....


They are losing millions. I know a group of 5 guys that probably give 500K per year that told TAF and the Alumni association to put them on the do not call list. All have purple jackets and 2 were recently Alumni of the year.
Posted by tarzana
TX Hwy 6--Brazos River Backwater
Member since Sep 2015
26171 posts
Posted on 4/1/21 at 7:32 pm to
quote:

Cancelling $50,000 In Student Debt

This is an oxymoron on its face.

Debt is never cancelled; it will be paid, one way or another it's gonna getcha, getcha, getcha.
Posted by Bulldogblitz
In my house
Member since Dec 2018
26782 posts
Posted on 4/1/21 at 7:39 pm to
I identify as someone who has 50k student debt, cut me a check.
Posted by Wednesday
Member since Aug 2017
15416 posts
Posted on 4/1/21 at 7:47 pm to
Where do I go to get my refund for the student loan I paid back?
Posted by biglego
Ask your mom where I been
Member since Nov 2007
76309 posts
Posted on 4/1/21 at 7:51 pm to
frick me for paying off my loans already
Posted by Nado Jenkins83
Land of the Free
Member since Nov 2012
59651 posts
Posted on 4/1/21 at 7:54 pm to
quote:

After graduating from TCU in 2011, I consistently worked 2 jobs every year until 2018 when I finally finished paying off over $100k in loans. I'll never forget when I made that last payment in June 2018 - wrote a check for $5,000 to finish it off.


Should have dropped out and went into the oilfield. You could have made six figures and not had any debt. Poor choice
Posted by Sasquatch Smash
Member since Nov 2007
24017 posts
Posted on 4/1/21 at 7:55 pm to
quote:

This will solve nothing......but insure future liberal votes!



It also mostly helps those that have to get loans for school, which are not disadvantaged minorities.
Posted by thejudge
Westlake, LA
Member since Sep 2009
14058 posts
Posted on 4/1/21 at 7:58 pm to
So people who can't afford college will pay the loans back for people who went to college and end up making more $$ over their lifetime anyway having a college degree?

Sounds logical.

I and I want my $25k back..I cut a 15k check 3 years ago to finish it after working 3 shutdowns in a row. Basically not seeing my family for 9 months. 9 months of 7 12s and 14s minus the occasional fatigue day every 19th day.



Posted by bayou choupique
the banks of bayou choupique
Member since Oct 2014
1818 posts
Posted on 4/1/21 at 7:58 pm to
Or people who lived with their parents, worked a full time job, and had a scholarship. I didn’t party hard and drove a pos car. I graduated debt free. What do I get?
Posted by DownshiftAndFloorIt
Here
Member since Jan 2011
66763 posts
Posted on 4/1/21 at 8:05 pm to
Well frick me in the arse for working through college and paying my debts.
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