re: SL Cancellations: 20k for Pell Grant Recipients, 10k for others up to 125k in income

I was wrong. 250k household limit for married filing jointly.

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20 K not being payed to satisfy a loan encumbrance can now be 20 K invested as a down payment on a home, a drone, new electronic equipment, a new electric vehicle, or whatever.

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Yea causing worsening of inflation. These people are fricking retarded and they keep playing with fire by continuing to give people handouts in an inflationary environment. It’s dumb to the point that it seems intentional.

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However, the lion's share of people positively affected by this is and was going to vote dem anyway.

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Possibly. But it also incentivizes people who may have sat things out to go and vote for the dems. Because the mean republicans don’t care about you and want you in debt. Just like how the argument is framed that we don’t care about women because we want states to determine their own abortion laws or think that abortion on demand should be scaled back to specific circumstances.

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In the long run, it helps Trump.

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Rush said it for a long time: “It’s hard to beat Santa Claus.”

The dems give away everything and in this case the amount of money is large enough to make a difference.

I’m hoping I’m wrong and that people see through this.

That might need clarification. Because I believe my CPA said it only pertained to the money the Feds were giving for people on unemployment due to COVID. And that was up to a certain amount for single and another for married. Mine fell just the limit for married.

125k per person, 250 if married

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What about them?

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They're really getting a good deal aren't they?

What am I missing on pell grants?

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A Federal Pell Grant, unlike a loan, does not have to be repaid, except under certain circumstances. Find out why you might have to repay all or part of a federal grant. You may not receive Federal Pell Grant funds from more than one school at a time.

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I thought Pell Grants didn't have to be paid back.

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They do not, hence being called a grant. But, its been my experience seeing hundreds of students, those on Pell Grants are usually the poorest of students and start off at a disadvantage versus non-pell grant students.

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I just wonder what the number of voters out there that are just like you is compared to the one's getting the government handout are?

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I wonder how many of you got a gov't hand out by having ultra cheap tuition in the 70's, 80's and 90's because public universities were once supported by the public to the tune of about 80% budget? I bet you were not screaming about that gov't hand out back then...

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Forgiveness for a grant?

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Very few Pell Grants cover all tuition and fees. Typically the student subsidizes with student loan. So to say someone who got a Pell Grant got a free ride, is just not true. That may be 1% of Pell Grant recipients. Most get awarded very small amounts.

I incurred debt and paid it off in full.

Please give me ONE reason why this is a good idea.