re: We’re going to know the future of this country when the SCOTUS rules on student loan debt

What is going to happen to the cost of tuition once the government starts paying for part of everyone's tuition?

Seems like the cost for legitimate education will go up - simple supply and demand. If the US government decides to pay for $10K of everyone's annual tuition, should we be surprised if tuition costs go up by $10K, thereby cancelling out the government payment?

Of course, supply will go up as new institutions pop up to help meet the increased demand. Will the quality be the same? Probably not. Eventually, we will have people with advanced degrees asking you if you want fries with your all-natural insect-based protein burger.

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June. It will be one of the last ones issued, like Dobbs. It’s that big.

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This

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If the SCOTUS decides it’s ethical and legal to take money from responsible Americans, to take money from Americans who never attended a university and give that money to millions of Americans in exchange for Dim votes…..need I say more? You can 100% forget about this nation ever recovering from the woke insanity that’s infested every major American institution.

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We have had redistribution programs like Social Security for almost 100 years and still survived.

I don't agree with them, but you're being overly hyperbolic about a one-time redistribution that's minor in the big picture.

And no, I don't support this policy or other ad hoc SLF. If you want to have your loans forgiven, there are plenty of legal programs pursuant to law. They just probably won't allow the urbane lifestyle desired by the students who made bad decisions.

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None of the lower federal courts have the authority to conclusively answer the question and have that ruling stick nationwide.

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Additionally, I think there is a circuit split on this issue, which, again, is why we have a court to decide on those.

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I don't agree with them, but you're being overly hyperbolic about a one-time redistribution that's minor in the big picture.

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It is not "minor" in the big picture.

I think the cost will be a lot more than the trillion projected. Rates have gone up. The Feds can no longer fund our debt at 1-2%. This number will be huge.

You sound like one of the MMT goofballs.

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If the SCOTUS decides it’s ethical and legal to take money from responsible Americans, to take money from Americans who never attended a university and give that money to millions of Americans in exchange for Dim votes…..need I say more? You can 100% forget about this nation ever recovering from the woke insanity that’s infested every major American institution.

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The silver lining is we can get to the collapse of the American central banking system and the congressional piggy bank sooner.

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Right now the SCOTUS is hearing the case of Joe Biden’s student loan forgiveness scam in exchange for Dim votes.

If the SCOTUS decides it’s ethical and legal to take money from responsible Americans, to take money from Americans who never attended a university and give that money to millions of Americans in exchange for Dim votes…..need I say more? You can 100% forget about this nation ever recovering from the woke insanity that’s infested every major American institution.

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I don't agree with the 20k-10k knocked off student loans but it's weird so many people make a big stink about this compared to the money being sent to the Ukraine and the free loans they handed out to businesses during covid.

Big business and foreign countries get a pass but the line in the sand is poor people getting money knocked off a loan, not even money in their pockets.

Student loan debt “forgiveness” is another give away program for women

Women hold over 70% of all student loan debt

Women also overwhelmingly take useless degrees in bullshite subjects that don’t earn enough to even pay off their loans

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What is going to happen to the cost of tuition once the government starts paying for part of everyone's tuition?

Seems like the cost for legitimate education will go up - simple supply and demand. If the US government decides to pay for $10K of everyone's annual tuition, should we be surprised if tuition costs go up by $10K, thereby cancelling out the government payment?

Of course, supply will go up as new institutions pop up to help meet the increased demand. Will the quality be the same? Probably not. Eventually, we will have people with advanced degrees asking you if you want fries with your all-natural insect-based protein burger.

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None of this will happen because just like giving mortgages to people who couldn't afford them caused the housing collapse giving money to college students who can't or have no intention to repay the loans will collapse and already bollonned student loan industry.

Lending agencies will stop lending to all but A+ credit applicants. They won't see it as a money grab from the guvbment because they witnessed the collapse of Sally and Freddie with housing and the banks got left with the outstanding loans and or the houses it repossessed of which they could do nothing with because the housing marked ground to a halt except for ultra wealthy investors that grabbed up the best of the best for penny's on the dollar.

You don't have a tangible assets with student loans to keep a mall fire smoldering.

Bottom line is loans are not just forgiven. Someone has to pay them and if you're banking on a Government that approaching 32 trillion in debt to make good on them that's a scary proposition. One in which IMO banks are paying attention to.

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We have had redistribution programs like Social Security for almost 100 years and still survived.

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imagine trying to equate SS to student debt forgiveness. people pay into SS their whole life.