- My Forums
- Tiger Rant
- LSU Recruiting
- SEC Rant
- Saints Talk
- Pelicans Talk
- More Sports Board
- Fantasy Sports
- Golf Board
- Soccer Board
- O-T Lounge
- Tech Board
- Home/Garden Board
- Outdoor Board
- Health/Fitness Board
- Movie/TV Board
- Book Board
- Music Board
- Political Talk
- Money Talk
- Fark Board
- Gaming Board
- Travel Board
- Food/Drink Board
- Ticket Exchange
- TD Help Board
Customize My Forums- View All Forums
- Show Left Links
- Topic Sort Options
- Trending Topics
- Recent Topics
- Active Topics
Started By
Message
Pressures aligning on Biden, Democrats to forgive student loans
Posted on 1/12/22 at 7:13 am
Posted on 1/12/22 at 7:13 am
Got to buy some votes.
Advocates and lawmakers are stepping up the pressure on President Biden to act on student loan forgiveness, focusing on it as a major issue some warn Democrats could pay for at the ballot box in the upcoming midterm elections.
Biden has been called on to work with Congress on the issue and provide more transparency about his authority to wipe out all federal student debt for millions of Americans. The extension once again of the student loan repayment pause amid record spikes in COVID-19 cases made advocates optimistic that more action will come out of the White House.
“I think the administration needs to engage more with Congress on this because I think there's real concern,” Sen. Bob Casey (D-Pa.) told The Hill.
ADVERTISEMENT
Broad-based student loan forgiveness has gained support among Democratic leaders like Senate Majority Leader Charles Schumer (D-N.Y.), who are looking to Biden for support on the issue as the party prepares for a critical election year.
“If he has the authority to pause student loan payments, he has the authority to cancel, and he ran on canceling at least $10,000,” Rep. Jamaal Bowman (D-N.Y.) told The Hill. “We're pushing him to completely cancel it, and that's what we hope he decides to do.”
Natalia Abrams, president and founder of the Student Debt Crisis Center (SDCC) warned of the political implications of Biden resuming loan payments in an election year.
“It’s definitely been this weird middle ground by extending this pause. If he continues to extend the payment pause until they’re ready to cancel the student debt, we’ll be okay. Rather than turning payments on in a midterm year when borrowers aren’t ready,” she said.
The Debt Collective warned that if Biden doesn’t forgive up to $50,000 in federally held student debt per borrower, which progressives have called for, he will lose voters, citing conversations with borrowers on a grassroots level.
“This isn’t just the midterms, this is about the rest of their lives,” Gokey said. “A Democrat couldn’t be elected dog catcher if they turn student loan payments back on.”
LINK
Advocates and lawmakers are stepping up the pressure on President Biden to act on student loan forgiveness, focusing on it as a major issue some warn Democrats could pay for at the ballot box in the upcoming midterm elections.
Biden has been called on to work with Congress on the issue and provide more transparency about his authority to wipe out all federal student debt for millions of Americans. The extension once again of the student loan repayment pause amid record spikes in COVID-19 cases made advocates optimistic that more action will come out of the White House.
“I think the administration needs to engage more with Congress on this because I think there's real concern,” Sen. Bob Casey (D-Pa.) told The Hill.
ADVERTISEMENT
Broad-based student loan forgiveness has gained support among Democratic leaders like Senate Majority Leader Charles Schumer (D-N.Y.), who are looking to Biden for support on the issue as the party prepares for a critical election year.
“If he has the authority to pause student loan payments, he has the authority to cancel, and he ran on canceling at least $10,000,” Rep. Jamaal Bowman (D-N.Y.) told The Hill. “We're pushing him to completely cancel it, and that's what we hope he decides to do.”
Natalia Abrams, president and founder of the Student Debt Crisis Center (SDCC) warned of the political implications of Biden resuming loan payments in an election year.
“It’s definitely been this weird middle ground by extending this pause. If he continues to extend the payment pause until they’re ready to cancel the student debt, we’ll be okay. Rather than turning payments on in a midterm year when borrowers aren’t ready,” she said.
The Debt Collective warned that if Biden doesn’t forgive up to $50,000 in federally held student debt per borrower, which progressives have called for, he will lose voters, citing conversations with borrowers on a grassroots level.
“This isn’t just the midterms, this is about the rest of their lives,” Gokey said. “A Democrat couldn’t be elected dog catcher if they turn student loan payments back on.”
LINK
16
Posted on 1/12/22 at 7:17 am to Jbird
Doubt he can forgive and it not be a taxable event.
I am sure these slack asses with the barista jobs will be able to pay the taxes on an extra $50k of income.
I am sure these slack asses with the barista jobs will be able to pay the taxes on an extra $50k of income.
This post was edited on 1/12/22 at 7:21 am
Posted on 1/12/22 at 7:18 am to Jbird
Yea
This post was edited on 1/12/22 at 7:20 am
Posted on 1/12/22 at 7:19 am to Jbird
Biden’s student loan forgiveness plan is inflation
Posted on 1/12/22 at 7:22 am to udtiger
quote:don’t worry, he’ll forgive that too
I am sure these slack asses with the barista jobs will be able to pay the taxes on an extra $50k of income
Posted on 1/12/22 at 7:23 am to Jbird
What would be the economic impact if student loans were forgiven? Would it do more harm on a national level than good on an individual level?
I think the government needs to get out of student loans. It’s probably the driving factor of out of control college expenses.
I think the government needs to get out of student loans. It’s probably the driving factor of out of control college expenses.
This post was edited on 1/12/22 at 7:28 am
Posted on 1/12/22 at 7:23 am to udtiger
quote:
Doubt he can forgive and it not be a taxable event.
He can. Dems included a provision to make college loan forgiveness non-taxable in the ARPA bill. It is now law that any college loans that are forgiven are not taxable.
ETA: LINK
This post was edited on 1/12/22 at 7:28 am
Posted on 1/12/22 at 7:27 am to evil cockroach
As always they will forgive every loan of the people that dropped out of school or didn’t graduate and make the ones that actually used the money the right way. By that I mean the ones that actually graduated and have a job now even though it might not be the highest paying job. All this government money always rewards the lazy asses and punishes the ones actually trying to make in this country. Biden’s America
Posted on 1/12/22 at 7:28 am to Jbird
Im still wondering if that child tax credit that paid out last year without my consent will show up on this year's taxes. I put it back in case but Im willing to bet this really screws some people over this year.
If they can forgive student loans that people inflicted upon themselves, how about we forgive all income taxes from here on.
If they can forgive student loans that people inflicted upon themselves, how about we forgive all income taxes from here on.
This post was edited on 1/12/22 at 7:31 am
Posted on 1/12/22 at 7:31 am to Jbird
More squawking from the free shite party
Posted on 1/12/22 at 7:32 am to FLBooGoTigs1
quote:
As always they will forgive every loan of the people that dropped out of school or didn’t graduate and make the ones that actually used the money the right way. By that I mean the ones that actually graduated and have a job now even though it might not be the highest paying job. All this government money always rewards the lazy asses and punishes the ones actually trying to make in this country. Biden’s America
How about these turds pay their own way.
Posted on 1/12/22 at 7:32 am to Jimmy2shoes
BRB going to take out $100K in student loans
Posted on 1/12/22 at 7:33 am to Jbird
fricking idiots catering to Twitter.
That's all they're doing.
There is no realistic way this can be done.
That's all they're doing.
There is no realistic way this can be done.
Posted on 1/12/22 at 7:34 am to FLBooGoTigs1
And what do we plan to do for all the people who went to work and paid theirs off early? This is about fairness, right? Seems us early payers deserve a little more than the non-payers, eh?
Posted on 1/12/22 at 7:36 am to Jbird
Posted on 1/12/22 at 7:43 am to DeafJam73
quote:
I think the government needs to get out of student loans. It’s probably the driving factor of out of control college expenses.
True dat - outside the GI bill, the rest of it is just pathetic.
IF there needs to be student loans, let the universities provide them === IF what they are 'teaching' is so valuable, SURELY their graduates will GLADLY repay them - maybe even with an healthy tip.
As it is the FEDGOV is funding the idiotic student 'unrest' so endemic on the campii.
Posted on 1/12/22 at 7:44 am to DeafJam73
quote:
I think the government needs to get out of student loans. It’s probably the driving factor of out of control college expenses
Probably?
Posted on 1/12/22 at 7:45 am to DownshiftAndFloorIt
quote:
Seems us early payers deserve a little more than the non-payers, eh?
for sure - My student loan was paid off 60 years ago - with compounded interest, that would be a good sum today $$$$$$$$
Posted on 1/12/22 at 7:47 am to Nguyener
Biden is from Delaware home to the big banks. Just like big Pharma he is beholden to them. Those progressives are pissing on their collective legs.
Posted on 1/12/22 at 8:06 am to DeafJam73
quote:
What would be the economic impact if student loans were forgiven? Would it do more harm on a national level than good on an individual level?
Yes, it will cause more harm on a national level than good on individual. The question is what are they proposing to cap the "forgiveness" amount at?
quote:
I think the government needs to get out of student loans. It’s probably the driving factor of out of control college expenses.
100% this. If you want to follow your dream and chase a gender studies degree or some other worthless education, find a way to pay for it with the money you can fund against your personal credit and finances.
Page 1 of 2
Popular
Back to top
Follow TigerDroppings for LSU Football News