- My Forums
- Tiger Rant
- LSU Recruiting
- SEC Rant
- Saints Talk
- Pelicans Talk
- More Sports Board
- Coaching Changes
- 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
1
Posted on 6/20/24 at 12:23 pm to Flats
quote:
Making a contract 10 years ago and the administration adding new people to the "forgiveness" roles
Link?
Posted on 6/20/24 at 12:28 pm to MSMHater
quote:
Link?
I linked it back on page 2.
Posted on 6/20/24 at 12:30 pm to Flats
From your link:
quote:
The Supreme Court issued a decision blocking us from moving forward with our one-time student debt relief plan. The information below is not up to date.
Posted on 6/20/24 at 12:30 pm to SlowFlowPro
quote:
I think all of those "Extra" loans are still from the same 2007, just new regulations pursuant to that law.
You may think that, but I have seen nothing that says that is the case. Maybe it's true, but the other loans they are forgiving are far removed from the idea of public service or government employment.
Certainly this new executive action they are about to do is not based on that law.
Posted on 6/20/24 at 12:32 pm to SlowFlowPro
quote:
Regulations can come from any active statue if the statute authorizes them. There is no time limit
So if they have "new" regulations, which add "new" people to the forgiveness roles, why are people trying to pretend that this is all about contracts made 10 years ago?
Posted on 6/20/24 at 12:35 pm to BBONDS25
quote:
The Supreme Court issued a decision blocking us from moving forward with our one-time student debt relief plan. The information below is not up to date.
And if you follow the link it points to for up-to-date information, this is the first thing you read:
quote:
President Biden announced new plans to cancel student debt
Are they new or are they contracts people entered 10 years ago? They ain't both.
Posted on 6/20/24 at 12:38 pm to Flats
It depends on the program
Like one of those plans was just a clarification of the payments, because when this first happened under Trump (and I'm not blaming Trump) it was a disaster in terms of them adequately accounting for the payments made over the past 10 years.
Like one of those plans was just a clarification of the payments, because when this first happened under Trump (and I'm not blaming Trump) it was a disaster in terms of them adequately accounting for the payments made over the past 10 years.
Posted on 6/20/24 at 12:38 pm to Flats
quote:
The Biden administration has also announced it will start forgiving student loans in February for borrowers on the Saving on a Valuable Education (SAVE) plan who took out less than $12,000 and have been paying on them for at least 10 years.
Yea, the SAVE plan is based on an executive order and is extremely sketchy and has no relation to the previous law.
Posted on 6/20/24 at 12:41 pm to Bjorn Cyborg
quote:
Yea, the SAVE plan is based on an executive order and is extremely sketchy and has no relation to the previous law.
If I was following an agreement I made with the government 10 years ago I'd be pissed to get lumped in with all these "new but not new" forgiveness categories, but that's just me. Maybe we have more than a few folks here in the "new" categories.
Posted on 6/20/24 at 12:45 pm to Flats
quote:
President Biden announced new plans to cancel student debt
Have these “new plans” become effective? Which ones has he followed through on and forgiven that weren’t PSLF or income based repayment forgiveness?
Posted on 6/20/24 at 12:48 pm to BBONDS25
quote:
Which ones has he followed through on and forgiven that weren’t PSLF or income based repayment forgiveness?
Link on page 3.
About 1/3 of loans forgiven were not related to IDR or PSLF, and that's not including the new SAVE executive order that will forgive billions more.
quote:
Besides relief via the IDR and PSLF, the Department of Education said 513,000 borrowers have received forgiveness due to permanent disabilities, and $22.5 billion has been received by 1.3 million borrowers who were defrauded by their schools.
Posted on 6/20/24 at 12:48 pm to stout
Again, cut all the dumpster war & globohomo initiatives we’ve poured trillions into over the past 30 years and let’s talk about different aspects of welfare and programs we can offer our people.
The problem is the loudest barking dogs against student loan forgiveness would send a trillion to Israel in a heartbeat.
The problem is the loudest barking dogs against student loan forgiveness would send a trillion to Israel in a heartbeat.
Posted on 6/20/24 at 12:48 pm to Bjorn Cyborg
quote:
Yea, the SAVE plan is based on an executive order and is extremely sketchy and has no relation to the previous law.
If they do this I agree it is BS. I wonder how many people this applies to. They had to borrow less than 12 grand AND have been on an income based repayment plan for ten years. This would only apply to people who make less than 14-16 grand per year.
Posted on 6/20/24 at 12:53 pm to Bjorn Cyborg
quote:
Besides relief via the IDR and PSLF, the Department of Education said 513,000 borrowers have received forgiveness due to permanent disabilitie
Has been around in some form or fashion since the 60s.
quote:
22.5 billion has been received by 1.3 million borrowers who were defrauded by their schools.
Started in the 90s
Posted on 6/20/24 at 12:54 pm to stout
I was led to believe that this money had already been earmarked and had no impact on the deficit or inflation by our resident expert on nothing
Posted on 6/20/24 at 12:55 pm to BBONDS25
It's a political stunt, so they can claim they forgave the loans of X borrowers, when it probably won't be that much money, relatively.
SAVE plan projections
Looks like it's going to be around 152,000 borrowers for $1.2 billion in loans.
SAVE plan projections
Looks like it's going to be around 152,000 borrowers for $1.2 billion in loans.
Posted on 6/20/24 at 12:58 pm to BBONDS25
Multiple people have posted that this was all PSLF. I said it wasn't. Then it was "it's all PSLF and IDR" I said it wasn't.
Then it's "but these plans have all been around for a long time."
Great.
Then it's "but these plans have all been around for a long time."
Great.
Posted on 6/20/24 at 1:03 pm to Bjorn Cyborg
quote:
Then it's "but these plans have all been around for a long time."
Great.
Lots of "new" stuff from 2007, apparently.
And in fairness, people might be discussing two different criticisms. SFP keeps ignoring the fact that they're trying to add as many people as possible to the forgiveness roles and is instead focused on "it's legal". Maybe it is, maybe it isn't. It's "legal" if a judge says it's legal.
My criticism has been focused on the bolded above, and people sure seem to be claiming that's not the case. It clearly is, and I see a stark difference between forgiving loans for people who, when they took them, had zero expectations of the taxpayer bailing them out and the people who entered into a contract with agreed upon terms.
Posted on 6/20/24 at 1:04 pm to stout
and the Stimulus was know as Trump Bucks and had his huge signature on them.
Page 4 of 5
Popular
Back to top
Follow TigerDroppings for LSU Football News