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Started By
Message
re: SL Cancellations: 20k for Pell Grant Recipients, 10k for others up to 125k in income
Posted on 8/24/22 at 11:11 am to joshnorris14
Posted on 8/24/22 at 11:11 am to joshnorris14
Vile filth destroying this country
0
Posted on 8/24/22 at 11:12 am to tigeraddict
How do all the blue collar union workers feel about paying for all these worthless college degrees? Their Unions backs these idiots every election. How can anyone vote for DEMS, I simply can't fathom being that clueless.
Posted on 8/24/22 at 11:15 am to tigeraddict
quote:
what about people who paid their loans back.....
What about people who worked while in collage so they didnt have to take out loans....
what about parent who saved up to help their kids not have to take out loans....
"No" side of the Drake meme
quote:
What about a certain sector of society that when to college only for the reason to take out loans to get "free" money they never intended to pay off and are now getting what they wanted.....
Yes side of the Drake meme
Posted on 8/24/22 at 11:16 am to GnashRebel
quote:
If you make $100000 and need the govt to bail you out of loans you are a piece of shite
What if you make 100's of millions and get billions of bailout money? Then you are east coast elite.
Posted on 8/24/22 at 11:16 am to LNCHBOX
There are 3-4x more white people in this country than black people so no shite…
Posted on 8/24/22 at 11:18 am to LNCHBOX
quote:Because Pell Grant recipients who already got free money (in the form of... well, Pell Grants) are nearly 50% black, which means, when you figure in other minorities, more blacks get Pell Grants than any other race, and that's not even per capita. If 13% of students account for 46% of Pell Grants, and now they'll be given an extra $20,000, then it's not very race-neutral, now is it?
This is going to help way more white people than black people, so I'm not sure where yall are getting this from.
Posted on 8/24/22 at 11:20 am to joshnorris14
So, any word on if this loan forgiveness will be treated as taxable income to the recipient like other debt forgiveness?
Posted on 8/24/22 at 11:27 am to justaniceguy
quote:
There are 3-4x more white people in this country than black people so no shite…
Let's make this easier to follow. Out of the 19.6 million enrolled students, Pell grants were distributed as follows:
Race A: 10% of overall enrolled
Race B: 7% of overall enrolled
Race C: 19% of overall enrolled
With this in mind, which race will benefit the most from Pell grant recipients being given twice as much forgiveness?
Posted on 8/24/22 at 11:28 am to Figgy
quote:On the face of it I think you are correct. However, the lion's share of people positively affected by this is and was going to vote dem anyway. Joe six-pack didn't get any student loans, and the small business man who may have gotten them have already paid them off and are now more incentivized than ever to vote MAGA in 24. In the long run, it helps Trump.
Total bullshite and buying off of the voters.
Posted on 8/24/22 at 11:28 am to VolcanicTiger
quote:
Because Pell Grant recipients who already got free money (in the form of... well, Pell Grants) are nearly 50% black, which means, when you figure in other minorities, more blacks get Pell Grants than any other race, and that's not even per capita. If 13% of students account for 46% of Pell Grants, and now they'll be given an extra $20,000, then it's not very race-neutral, now is it?
Some of yall need to go back and take a few classes over. 
Posted on 8/24/22 at 11:41 am to LNCHBOX
So, about those $4 trillion pumped in the market at the beginning of the pandemic and the PPP loans forgiven to business owners (some of whom were multi-millionaires) ...
... any takes on that?
... any takes on that?
Posted on 8/24/22 at 11:43 am to joshnorris14
100% illegal, unconstitutional & should get demolished in court.
Should.
Should.
Posted on 8/24/22 at 11:43 am to CreoleTigerEsq
Progstains hate whatabotisms until they don’t
Posted on 8/24/22 at 11:48 am to TigerAlumni2010
quote:
So, any word on if this loan forgiveness will be treated as taxable income to the recipient like other debt forgiveness?
I'd bet it's gonna be taxable
maybe even bump your tax bracket
lets go brandon!!!!
Posted on 8/24/22 at 11:49 am to TigerAlumni2010
quote:
So, any word on if this loan forgiveness will be treated as taxable income to the recipient like other debt forgiveness?
It probably will not. The current debt forgiveness programs that the federal government has don't treat loan forgiveness as taxable income.
Posted on 8/24/22 at 11:49 am to joshnorris14
Watch the outrage on this. The majority of the folks that are complaining have way more debt than that, with useless degrees.
Posted on 8/24/22 at 11:50 am to joshnorris14
Biden and crew buying more votes
Posted on 8/24/22 at 11:50 am to dr
I just thought of that too after I responded. Need a CPA, but I bet that forgiveness then counts as income which will be taxed.
Posted on 8/24/22 at 11:51 am to Oates Mustache
quote:
So that $125k is based on what income year?
yeah and is that household income or individual income?
Posted on 8/24/22 at 11:53 am to TigerAlumni2010
quote:
So, any word on if this loan forgiveness will be treated as taxable income to the recipient like other debt forgiveness?
No because in one of the Covid relief bills there was a provision added that said any government debt forgiveness until 2025 or 26 would not be taxable so all of ppp loans given to the wealthy wouldn’t be taxable when they get their debt written off.
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