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Forum » Biden forgives $39 billion in student debt
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Thread: Biden forgives $39 billion in student debt

post 1686491543 07-14-2023, 09:29 AM
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Biden forgives $39 billion in student debt

Where are all the stupid suckers that worked hard while studying and paid off what debts they had????/
Biden forgives $39 BILLION in student debt for 804,000 Americans: White House goes around Supreme Court ruling to give handout to borrowers who have been paying for 20 years
Department of Education announced a 'fix' in how repayments are calculated
Borrowers who have been paying for more than 20 years will have debts wiped
Comes two weeks after the Supreme Court struck down his federal bailout
https://www.dailymail.co.uk/news/art...Americans.html
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post 1686491583 07-14-2023, 09:30 AM
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post 1686491773 07-14-2023, 09:32 AM
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all these kids in their 20s and 30s are going to be so pissed
post 1686492423 07-14-2023, 09:41 AM
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Lol at Pell grants getting forgiven. You know the money you don’t have to pay back unless you drop out.
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post 1686494863 07-14-2023, 10:25 AM
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It's not going around the Supreme Court ruling. This is a program that was already in place for years, but due to federal screwups these people didn't have their payments forgiven already years ago like they were supposed to. It's for people who have been paying at least 20 years AND are low income. It would mostly be people who dropped out of college in the 1980-90's but were still paying their loan either voluntarily or through their wages being garnished. This bailout for these specific people is literally just the feds cleaning up past fukups.
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post 1686494993 07-14-2023, 10:27 AM
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LOL at all those who paid off their debt and lol at all those who go into debt next year and onward, because since this was and is an attempt to buy votes, it 'aint happening again. For all the people this positively affects, there are 100X more people it will piss off.

Put that in Hunter's crack pipe and smoke it.
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post 1686495503 07-14-2023, 10:35 AM
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OP read another stupid Daily Mail article and got outraged again. EXPALIN YOURSELVES LIBERALS!!!!!!!

Hurr durrrrr what about all the people who worked hard! What about all the people who paid their loans back?!!!!!
post 1686495713 07-14-2023, 10:38 AM
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I’m largely against it but at least we’re bailing out everyday Americans for a change instead of ineptly ran corporations. Also if you have been consistently been paying for 20+ years, you shouldn’t be beholden to an interest rate scam for the rest of your life.
post 1686496303 07-14-2023, 10:47 AM
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I'm pretty sure this has been in effect since Obama was in office. It also only applies to government loans, when majority of people with student debt have private loans to pay the majority of their tuition. (Super Ded fkn Srs)
post 1686497853 07-14-2023, 11:13 AM
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Originally Posted By Phil9⏩
I’m largely against it but at least we’re bailing out everyday Americans for a change instead of ineptly ran corporations. Also if you have been consistently been paying for 20+ years, you shouldn’t be beholden to an interest rate scam for the rest of your life.
Some people have their monthly Social Security garnished by the feds for student loans they took out 40 years ago. I imagine a decent amount of the loans forgiven were people retired or close to retirement. And like I said earlier, this is just the feds cleaning up their fukup, by now doing this when they were supposed to have done this over the course of many years for some low income people.
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post 1686498093 07-14-2023, 11:17 AM
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how many times is he going to try and illegally try to hand out money like this before getting reversed again
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post 1686498493 07-14-2023, 11:24 AM
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Originally Posted By Procta⏩
how many times is he going to try and illegally try to hand out money like this before getting reversed again
As many times as it takes until it gets done. This is Biden, not Trump (who immediately gave up every time the Dems told him to hit the bricks)
post 1686498523 07-14-2023, 11:24 AM
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post 1686498563 07-14-2023, 11:25 AM
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Great news. For whoever was in debt and had to work hard to pay it off it's definitely unfair but life is not fair. If you know the struggle be a nice human being and be glad less people have to go through it.

Also stfu with the government deficit nonsense. It's inconsequential to your life.
post 1686498603 07-14-2023, 11:25 AM
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If they have been paying for 20 years with no end in sight and suffering because of it, why not ease their burden.

Some of it should come from their schools too. You taught them useless chit and took their money. You're on the hook.
post 1686498873 07-14-2023, 11:30 AM
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Originally Posted By Mark1T⏩
LOL at all those who paid off their debt and lol at all those who go into debt next year and onward, because since this was and is an attempt to buy votes, it 'aint happening again. For all the people this positively affects, there are 100X more people it will piss off.

Put that in Hunter's crack pipe and smoke it.
Saving money/debt for everyone but yourself is supposed to piss me off? You're not entitled to anything.

Just pretend like this never happened.
post 1686499553 07-14-2023, 11:40 AM
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Originally Posted By Procta⏩
how many times is he going to try and illegally try to hand out money like this before getting reversed again
It isn't illegal, it's a program that's been around for awhile. The feds simply should have been doing this for low income people who've been paying or having their wages garnished for 20+ years. Basically the feds clearing a backlog of some low income people they forgot about for many years. Of course the Biden Administration will take credit as if this is something new, when it's really just a show of how poorly run government is and people and programs are forgotten about until it's politically expedient.
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post 1686510763 07-14-2023, 02:46 PM
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Originally Posted By frankdtank20⏩
It isn't illegal, it's a program that's been around for awhile. The feds simply should have been doing this for low income people who've been paying or having their wages garnished for 20+ years. Basically the feds clearing a backlog of some low income people they forgot about for many years. Of course the Biden Administration will take credit as if this is something new, when it's really just a show of how poorly run government is and people and programs are forgotten about until it's politically expedient.
Translation: this isn't new spending, but rather already congressionally legislated and authorised spending that they hadn't spent yet.
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post 1686511183 07-14-2023, 02:52 PM
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Originally Posted By Phil9⏩
I’m largely against it but at least we’re bailing out everyday Americans for a change instead of ineptly ran corporations. Also if you have been consistently been paying for 20+ years, you shouldn’t be beholden to an interest rate scam for the rest of your life.
Probably shouldn't have enrolled in college if you didn't understand what you were doing
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post 1686512763 07-14-2023, 03:22 PM
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Originally Posted By freeheeler⏩
Probably shouldn't have enrolled in college if you didn't understand what you were doing
What an incredibly bigoted viewpoint.

We are brainwashing 17 year old kids to take on huge amounts of debt for a risky endeavor while lying to them that it's a safe investment. This is nothing like a 30 year old taking on debt for a real estate gamble. The only difference is one party can wash their hands clean through bankruptcy.
I hate capitalism srs
post 1686513583 07-14-2023, 03:40 PM
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i rather see student loan forgiveness than see money be printed for ukraine.
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post 1686514533 07-14-2023, 03:54 PM
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Originally Posted By freeheeler⏩
Probably shouldn't have enrolled in college if you didn't understand what you were doing
People enrolled in college right after HS. My dumbass wanted to be a Civil Engineer and it took me 7 years before I made the big decision to change majors. Was top 10% in HS. 18 is too young to confront college's learning curve accordingly. Had a dozen thousand in student loans.
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