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Started By
Message
re: Blue Collar Joe cancels 6.1b student loans for Art Majors..
Posted on 5/1/24 at 1:53 pm to NashvilleTider
Posted on 5/1/24 at 1:53 pm to NashvilleTider
I note that the arts college had allegations of fraud but I have no idea if the government is suing the college
It appears they are certainly treating college and students different different than Trump universityOr
It appears they are certainly treating college and students different different than Trump universityOr
0
Posted on 5/1/24 at 1:54 pm to cajuntiger1010
Also, for the record - That is a $19,200 handout per person. HUGE fricking stimulus.
Posted on 5/1/24 at 1:56 pm to cajuntiger1010
This is outrageous. Hunter Biden is one of the world's most renowned painters and he didn't even have to go to art school
Posted on 5/1/24 at 1:57 pm to Y.A. Tittle
quote:
317,000 people were able to "borrow" a collective $6.1 billion to attend Art Institutes
That’s insanity to run up that amount of debt for an art institute
This post was edited on 5/1/24 at 2:03 pm
Posted on 5/1/24 at 2:02 pm to cajuntiger1010
quote:
Blue Collar Joe
Bet he can't even tie his own shoes.
Posted on 5/1/24 at 2:27 pm to Jack Carter
quote:
$6.1 billion? WTF. That many people have degrees in art?
You know how many coffee shops are out there, got to get the baristas from somewhere
Posted on 5/1/24 at 2:58 pm to cajuntiger1010
He should cancel the loans for only those who could draw Tippy, Tiny or Pirate
Posted on 5/1/24 at 3:32 pm to cajuntiger1010
How about all the union trade members who did not go to college who will now foot the bill for these cancelations of debt?
Will pull the D lever all day long.
Will pull the D lever all day long.
Posted on 5/1/24 at 3:34 pm to BearCrocs
quote:
Has anyone figured out how this actually works?
Is that 6.1B recouped in the form of tax revenue?
I genuinely want to know
That money has to come from somewhere at the federal level. And considering the federal level spends more money than it collects, the answer is painful but obvious.
That money gets added to our national deficit. Whatever explanation and nomenclature they deploy is trivial.
Posted on 5/1/24 at 3:35 pm to cajuntiger1010
Great timing too. If anything, Trump gained another .5 point lead on Biden over this.
Posted on 5/1/24 at 3:37 pm to winkchance
Not as many as you think.......
Posted on 5/1/24 at 3:40 pm to cajuntiger1010
Did Joe get his 10 percent?
Posted on 5/1/24 at 4:09 pm to FightinTigersDammit
No but Hunter just sold more of his paintings
Posted on 5/1/24 at 4:17 pm to Bunsbert Montcroff
quote:
the us government owns the debt.
there are private loans that banks own, but all federal student debt is owned by uncle sam.
When you say "owned" does that mean that the students borrowed from the govt? Or does it mean that the govt now owns the loans by virtue of debt forgiveness? I genuinely don't understand how this works.
And if the debt is truly forgiven, who takes the loss? The US govt? If it is the govt who is on the losing end of this transaction, will taxpayers have to reimburse the govt for the loss?
Posted on 5/1/24 at 4:20 pm to Y.A. Tittle
quote:
317,000 people were able to "borrow" a collective $6.1 billion to attend Art Institutes?
don't forget the kickbacks for the grifters.
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