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Started By
Message
Blue Collar Joe cancels 6.1b student loans for Art Majors..
Posted on 5/1/24 at 12:50 pm
Posted on 5/1/24 at 12:50 pm
I’m sure this will help cool inflation
15
Posted on 5/1/24 at 12:52 pm to cajuntiger1010
So what exactly does it mean that the loans are "forgiven?"
Did the lending institutions say that the loans do not need to be paid back?
Or will someone else now be paying back these loans?
Did the lending institutions say that the loans do not need to be paid back?
Or will someone else now be paying back these loans?
Posted on 5/1/24 at 12:53 pm to cajuntiger1010
Those are the people who need to be paying that shite back.
Posted on 5/1/24 at 1:00 pm to L.A.
quote:
Did the lending institutions say that the loans do not need to be paid back?
the us government owns the debt.
there are private loans that banks own, but all federal student debt is owned by uncle sam.
Posted on 5/1/24 at 1:06 pm to Bunsbert Montcroff
Wish they could at least put in some useful work to earn this "forgivess"
I mean the average art major is gonna be bumming off friends, pushing their shitty $5k a year website design business, and spending money on booze as fast as it hits their pockets
I mean the average art major is gonna be bumming off friends, pushing their shitty $5k a year website design business, and spending money on booze as fast as it hits their pockets
Posted on 5/1/24 at 1:10 pm to cajuntiger1010
317,000 people were able to "borrow" a collective $6.1 billion to attend Art Institutes?
What a fricking country!
What a fricking country!
Posted on 5/1/24 at 1:11 pm to theballguy
quote:
Those are the people who need to be paying that shite back.
Yep. When they join reality and admit that liberal arts and feminine study majors are unproductive and are forced to work for Amazon or Google, they can afford to whittle that debt down.
Instead, those with architectural, engineering, law and medical degrees will be taxed into oblivion on down the line to repay the debts of idiots with no perspective or foresight... As will those of us with no college degrees who have busted their asses for decades to finally make decent income.
No one who voluntarily took on debt should be "forgiven" and not required to repay that debt. This sets a fricking terrible precedent. "Ok, so now you'll forgive my auto loans and my mortgage too, right?" It's only a matter of time before this argument is made and won.
Posted on 5/1/24 at 1:12 pm to TigerAxeOK
Has anyone figured out how this actually works?
Is that 6.1B recouped in the form of tax revenue?
I genuinely want to know
Is that 6.1B recouped in the form of tax revenue?
I genuinely want to know
Posted on 5/1/24 at 1:13 pm to L.A.
quote:It means we're paying them off.
So what exactly does it mean that the loans are "forgiven?"
ETA: What I said is 100% true, but some deadbeat frickass downvoted.
This post was edited on 5/1/24 at 6:51 pm
Posted on 5/1/24 at 1:14 pm to L.A.
quote:
Or will someone else now be paying back these loans?
Three guesses, and the first two don't count....
Can you say "TaxPAYERS??
Posted on 5/1/24 at 1:15 pm to cajuntiger1010
I thought the US Supreme court said he didn't have authority to do that..
Posted on 5/1/24 at 1:20 pm to cajuntiger1010
$6.1 billion? WTF. That many people have degrees in art?
Posted on 5/1/24 at 1:26 pm to BearCrocs
quote:
Has anyone figured out how this actually works? Is that 6.1B recouped in the form of tax revenue?
From who? The morons who 'have a degree' (
) but can't maintain the 'lifestyle' they think they deserve by slinging burgers, tacos, and bagging groceries? 
Posted on 5/1/24 at 1:28 pm to cajuntiger1010
Our Nation in a nutshell:
1. Be without purpose or motivation.
2. Decide to pursue a worthless degree.
3. Decide to attend a shite for-profit "college".
4. Run up on-average, $20,000 in debt at shite college.
5. Complain about how "the system is against you" when you find out your shite degree cost you a shite-ton of money that your current shite job can't pay off.
6. Have your shite president pay for your shitty decisions by putting more burden on the backs of people that work hard at contributing to society.
1. Be without purpose or motivation.
2. Decide to pursue a worthless degree.
3. Decide to attend a shite for-profit "college".
4. Run up on-average, $20,000 in debt at shite college.
5. Complain about how "the system is against you" when you find out your shite degree cost you a shite-ton of money that your current shite job can't pay off.
6. Have your shite president pay for your shitty decisions by putting more burden on the backs of people that work hard at contributing to society.
Posted on 5/1/24 at 1:34 pm to Y.A. Tittle
That’s 19,242 and some change for an art degree! You should have to get a degree that’s actually useful in society and the gov will pay if you commit 4 years at the discretion of where your degree is needed.
You join the military at get the GI bill. Same concept.
You join the military at get the GI bill. Same concept.
Posted on 5/1/24 at 1:36 pm to cajuntiger1010
That makes me think about this I saw today
Posted on 5/1/24 at 1:37 pm to GeauxtigersMs36
quote:
That’s 19,242 and some change for an art degree!
I'd love to know what percentage of the 317,000 even got the useless "degree."
I'd bet my house it's something less than 25%.
Posted on 5/1/24 at 1:38 pm to Y.A. Tittle
If Trump was doing this the media would be screaming that he's breaking norms and buying votes.
Posted on 5/1/24 at 1:50 pm to cajuntiger1010
Blue-collar Joe always passes on the cost to blue-collar workers.
Posted on 5/1/24 at 1:52 pm to L.A.
quote:
So what exactly does it mean that the loans are "forgiven?"
Did the lending institutions say that the loans do not need to be paid back?
Or will someone else now be paying back these loans?
For every credit there must be a debit...
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