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Started By
Message
re: White House set to cancel $10k of student loans
Posted on 5/27/22 at 8:24 am to BurningHeart
Posted on 5/27/22 at 8:24 am to BurningHeart
Sucks for those responsible to pay back already. Sucks for those who got a degree and good paying job.
Sucks for those graduating this year and in the future
And if it is somehow “going forward”, schools will just increase fees knowing students have an extra $10k of free loans available to them.
How does this actually solve the college affordability crisis, exactly? Would love to hear a Dem explain
Sucks for those graduating this year and in the future
And if it is somehow “going forward”, schools will just increase fees knowing students have an extra $10k of free loans available to them.
How does this actually solve the college affordability crisis, exactly? Would love to hear a Dem explain
2
Posted on 5/27/22 at 8:25 am to GreatLakesTiger24
That's the idea
Posted on 5/27/22 at 8:25 am to Eighteen
quote:
And if it is somehow “going forward”, schools will just increase fees knowing students have an extra $10k of free loans available to them.
Yup
quote:
How does this actually solve the college affordability crisis, exactly? Would love to hear a Dem explain
It buys votes from stupid people.
Posted on 5/27/22 at 8:33 am to BurningHeart
Can I get this on my mortgage please?
Posted on 5/27/22 at 8:36 am to BurningHeart
I took different jobs than I really wanted because of student loans that I was paying back. I did what was needed to be done. This infuriates me.
Posted on 5/27/22 at 8:38 am to MSTiger33
quote:
Not for private loans
I dont think private loans were ever seriously in the conversation. We’ll see how long it takes these morons with over priced college degrees to figure out their student loan isnt going anywhere.
Posted on 5/27/22 at 8:39 am to GreatLakesTiger24
quote:
do you mean the moratorium will not be extended (again) past 8/31 or whatever it is??
That's the rumor. And if it's true, Biden would need to forgive a fair bit more than $10k to offset that news from a political blowback perspective.
Posted on 5/27/22 at 8:43 am to Chimlim
quote:
Will I get a refund of $10k since I paid my loans off already?
Yeah. All of us that acted responsibly, struggled to pay off debts are fricked. Now I have to pay for people's poor decisions.
Posted on 5/27/22 at 8:44 am to BurningHeart
All this does is just gives colleges another reason to increase tuition costs.
Posted on 5/27/22 at 8:45 am to LNCHBOX
quote:
How does this actually solve the college affordability crisis, exactly? Would love to hear a Dem explain It buys votes from stupid people.
This is all that Dem voters care about.
When you don't actually have to pay for anything, this is what will happen.
Posted on 5/27/22 at 8:45 am to LNCHBOX
quote:quote:
I paid mine back. I understood that if I signed and received a loan then I had to pay it back.
If you got a student loan you should have to pay it back even if the degree you got is worthless and you make less than a HS graduate that went to trade school.
This. I used my loans to get an engineering degree. It was a worthwhile investment.
Same, and I was married with kids. Without much help from the financial aid office, I figured out how to get Pell grants and minimized my loan debts.
I have paid back my pell grants in the form of taxes many times over now. That was back in the 80s though, think we were still using beads and clam shells as currency
Posted on 5/27/22 at 8:45 am to fr33manator
quote:
So, does that mean I get several thousand back? Since I’ve been paying?
Why would you pay loans that aren't accruing interest?
Posted on 5/27/22 at 8:49 am to SlidellCajun
quote:
Money borrowed is money owed and when it does not get paid back, there are repercussions. The ultimate lender gets shafted. Why does that not matter?
Because the ultimate lender here is the taxpayer.
It’s no coincidence that college costs have absolutely skyrocketed since the Govt became basically the sole student loan lenders. Banks are basically long out of that business
Posted on 5/27/22 at 8:51 am to Mingo Was His NameO
quote:
Why would you pay loans that aren't accruing interest?
To pay down the principal more quickly. But from jump, everyone knew that was a bet on or against forgiveness. Anyone who continued making payments on a loan under $10k was betting against forgiveness.
Posted on 5/27/22 at 8:54 am to Joshjrn
quote:you could have done that without making payments throughout
To pay down the principal more quickly. But
quote:there's no upside to betting against forgiveness though. should just make one big payment in august.
But from jump, everyone knew that was a bet on or against forgiveness.
Posted on 5/27/22 at 8:54 am to Mingo Was His NameO
quote:
Why would you pay loans that aren't accruing interest?
A sense of honor, decency and responsibility perhaps?
Posted on 5/27/22 at 8:57 am to GreatLakesTiger24
quote:
there's no upside to betting against forgiveness though. should just make one big payment in august.
I'm not saying it was a good idea. I certainly didn't do it
Posted on 5/27/22 at 8:57 am to FredBear
quote:
A sense of honor, decency and responsibility perhaps?
The government doesn't give productive people ANYTHING
It's the same reason I had no issue with useful businesses taking PPP. Claw back a little of what they take from you and give to the worthless.
Posted on 5/27/22 at 8:58 am to FredBear
quote:
A sense of honor, decency and responsibility perhaps?
Then why is he crying about potential forgiveness now? In fact, he should accelerate payments now so he can get as much paid off before any potential forgiveness hits.
Posted on 5/27/22 at 8:58 am to GreatLakesTiger24
quote:
no upside to betting against forgiveness though. should just make one big payment
That should have been everyone's plan. While I still don't see how he can actually pull this off, no point in not waiting to find out as long as its at 0%
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