Student loan forgiveness

Quote:

---

Originally Posted by Dan Druff

Quote:

---

Originally Posted by dmndkutr

Lol - so 43 million people were doing woman's studies? You've done no research on this and it shows. https://thehill.com/homenews/nexstar...snTrfiXSV_6oAk

---

Read my post again.

I did not blame this entire thing -- or even most of it -- on women's studies majors. I said that useless majors were some of the problem, but much of it came from people with irresponsible money management habits, who now just get enabled further.

The person making $115k per year, who frivolously spends every dime he earns, does NOT deserve a government benefit just because he'd rather get a new iPhone or go on expensive vacations rather than pay down the principal of his old student loan.

---

Studying Art History or scratching that Music Theory itch is the privilege of the rich. Why should construction workers have to subsidize the wealthy? Why should the country risk our financial stability for this either. That ship has sailed already but just sayin’.

It’s just plain corrupt politics. Wonder how Pelosi cashed on this.

Revisiting trivia:
Clinton was the last President with a balanced budget (surplus). He was more than anything the beneficiary of a run that was started by a Reagan. It was important once upon a time. In 20 short years none of that matters mostly cause we have been so fucked up with the wars and the housing crash.

Values are all out of wack.

Quote:

---

Originally Posted by Sanlmar

Quote:

---

Originally Posted by Dan Druff

Read my post again.

I did not blame this entire thing -- or even most of it -- on women's studies majors. I said that useless majors were some of the problem, but much of it came from people with irresponsible money management habits, who now just get enabled further.

The person making $115k per year, who frivolously spends every dime he earns, does NOT deserve a government benefit just because he'd rather get a new iPhone or go on expensive vacations rather than pay down the principal of his old student loan.

---

Studying Art History or scratching that Music Theory itch is the privilege of the rich. Why should construction workers have to subsidize the wealthy? Why should the country risk our financial stability for this either. That ship has sailed already but just sayin’.

It’s just plain corrupt politics. Wonder how Pelosi cashed on this.

Revisiting trivia:
Clinton was the last President with a balanced budget (surplus). He was more than anything the beneficiary of a run that was started by a Reagan. It was important once upon a time. In 20 short years none of that matters mostly cause we have been so fucked up with the wars and the housing crash.

Values are all out of wack.

---

While the useless majors are indeed part of this, I think more attention needs to be paid to the fact that most of this is just a money management issue -- a chronic problem for a large number of Americans.

The government should not be forgiving $10k you owe just because you refuse to pay anything beyond the minimum loan payment, while you blow the money needlessly. Sure, it's more fun to buy cool shit and take nice vacations rather than pay down loans, but this should not qualify for any kind of subsidy.

The libs like to focus on how many people have this debt, but not upon how they got there.

When you question why our tax dollars should be helping these people (including ones making $125k/year!!!), you're tut-tutted about how selfish you are for asking this, and then some false equivalence about PPP loans and corporate bailouts is thrown in your face.

lot of pathologically uneducable people have some strong feelings about other people being given a chance to get an actual education itt.

btw all the aging right wing talking heads going ham over this could have paid for their educations with a part time job.

but yall go off.

Quote:

---

Originally Posted by sonatine

lot of pathologically uneducable people have some strong feelings about other people being given a chance to get an actual education itt.

btw all the aging right wing talking heads going ham over this could have paid for their educations with a part time job.

but yall go off.

---

So you agree that tuition is too damn high, and the whole thing is basically a grift supported by guaranteed loans and middle-upper class parents who feel they otherwise have no choice?

Great!

We finally agree on something. The reform needs to begin with tuition costs. And I don't mean that the government foots the entire existing bill. I mean the actual cost.

I went to public school and then a public college. I even spent a little time at a public junior college.

This was a long time ago, but I got to experience it all, and I saw what it cost -- both for me and for the state.

The costs were reasonable then. They are outrageous now. There is no reason for this.

Quote:

---

Originally Posted by sonatine

lot of pathologically uneducable people have some strong feelings about other people being given a chance to get an actual education itt.

---

The education was got. Nobody is being denied their chance. Literally nobody.

We are talking about paying for it.


We will see if the Supreme Court steps in. Some nonsense about the Heroes Act and the Pandemic. Can a President just decide to spend $300b?

The executive branch cannot spend money that has not been appropriated by Congress, per 31 USC 1301 et seq (Antideficiency Act (PL. 97-258)) and Article I, Section 7, Clause 7 of the U.S. Constitution.

We used to be a nation of laws but the Presidency is about edge sorting in the waning days of the republic.

We will see.

Quote:

---

Originally Posted by Sanlmar

Quote:

---

Originally Posted by Dan Druff

Read my post again.

I did not blame this entire thing -- or even most of it -- on women's studies majors. I said that useless majors were some of the problem, but much of it came from people with irresponsible money management habits, who now just get enabled further.

The person making $115k per year, who frivolously spends every dime he earns, does NOT deserve a government benefit just because he'd rather get a new iPhone or go on expensive vacations rather than pay down the principal of his old student loan.

---

Studying Art History or scratching that Music Theory itch is the privilege of the rich. Why should construction workers have to subsidize the wealthy? Why should the country risk our financial stability for this either. That ship has sailed already but just sayin’.

It’s just plain corrupt politics. Wonder how Pelosi cashed on this.

Revisiting trivia:
Clinton was the last President with a balanced budget (surplus). He was more than anything the beneficiary of a run that was started by a Pappy Bush. It was important once upon a time. In 20 short years none of that matters mostly cause we have been so fucked up with the wars and the housing crash.

Values are all out of wack.

---

FYP

Quote:

---

Originally Posted by Sanlmar

Quote:

---

Originally Posted by sonatine

lot of pathologically uneducable people have some strong feelings about other people being given a chance to get an actual education itt.

---

The education was got. Nobody is being denied their chance. Literally nobody.

We are talking about paying for it.


We will see if the Supreme Court steps in. Some nonsense about the Heroes Act and the Pandemic. Can a President just decide to spend $300b?

The executive branch cannot spend money that has not been appropriated by Congress, per 31 USC 1301 et seq (Antideficiency Act (PL. 97-258)) and Article I, Section 7, Clause 7 of the U.S. Constitution.

We used to be a nation of laws but the Presidency is about edge sorting in the waning days of the republic.

We will see.

---

beautifully said.

the whole i've got a pen and a cellphone era.

and no, they can't just spend our funds. we elect a congress to cheat us, not the pres.
same with pushing us towards war with russia by arming its enemies during war.
but few care.
when is the next giveaway, rent abatement, or food stamp increase?

The looting of the treasury will continue until morale improves.

Quote:

---

Originally Posted by JimmyG_415

Quote:

---

Originally Posted by Daly

Nor will it ever. “Kids” 22-27 shouldn’t be making meaningfully more than their non college educated piers assuming they moved out of entry level phase.

Where things should accelerate is when the college “Kid” makes it to 42 and has taken the degree and now has 20 years of experience in his/her field of study and is now a subject matter expert or a boss. In this instance there should be a meaningful divergence.

---

I knew you guys would be crying but I didn't think it would be this bad. You guys act like you didn't have one break your whole lives, just STFU.
...........LOL at Daly, where did this whack job theory come from? Tucker? They are 10 year loans max to start.
Its these scummy finance guys refi'ing them into life long loans and shit.
And you think they should carry a student loan debt into their 40's? Instead of just giving them 10k.

I swear the rich cry when poor people get ANY break, but they cheer on Elon (who has had more government money handed to them besides him?)
silent when the bankers get bailed out, or all the GOP's that didn't pay back the PPP's. (I'm more jealous then mad on that last one, I didn't know you could be like MTG and not pay back 180k.)

Just like Covid proved the GOP isn't pro life, this proves that stupid ass 'Trickle down theory' was a lie from day 1.
Rich people don't trickle down shit.

---

I think they should pay for the debt they willingly took on. I know self responsibility is a concept you probably Don’t understand Jimmy.

I’ve had plenty of breaks. Harder I worked the more I got. Again probably not a concept you understand.

certainly belongs here on PFA

Quote:

---

Originally Posted by Sanlmar

Quote:

---

Originally Posted by sonatine

lot of pathologically uneducable people have some strong feelings about other people being given a chance to get an actual education itt.

---

The education was got. Nobody is being denied their chance. Literally nobody.

We are talking about paying for it.


We will see if the Supreme Court steps in. Some nonsense about the Heroes Act and the Pandemic. Can a President just decide to spend $300b?

The executive branch cannot spend money that has not been appropriated by Congress, per 31 USC 1301 et seq (Antideficiency Act (PL. 97-258)) and Article I, Section 7, Clause 7 of the U.S. Constitution.

We used to be a nation of laws but the Presidency is about edge sorting in the waning days of the republic.

We will see.

---

There are no laws for the estab in DC, it's incredible to watch.
Just yesterday, oh the FBI totally rigged the election.
It was worded in a way so the FBI could have plausible deniability, they didn't say Hunter Biden's laptop.
https://www.youtube.com/watch?v=3OGodujfD04
Would Biden's Laptop matter, didn't Biden crush Trump?
Fr Ron Unz
But control of the White House depends upon the state-by-state tallies, and these told a very different story.

▲▼Incumbent Donald Trump lost Arizona, Georgia, and Wisconsin by such extremely narrow margins that a swing of less than 22,000 votes in those crucial states would have gotten him reelected. With a record 158 million votes cast, this amounted to a victory margin of around 0.01%. So if just one American voter in 7,000 had changed his mind, Trump might have received another four years in office. One American voter in 7,000.

▲▼Such an exceptionally narrow victory is extremely unusual in modern American history. For decades, the very tight Kennedy-Nixon race of 1960 had been a byword for close races, but Biden’s margin of victory was much smaller.

Let's go Brandon!

Something which also isn't being talked about enough is the concept of "degree inflation".

Over the years, an increasing number of jobs are requiring a college degree to get hired (or, at very least, it's a soft requirement where hiring high school grads is unusual).

I'm not talking about fields where a degree directly corresponds to the job -- such as a BS in Electrical Engineering being required for an electrical engineering job. I'm talking about jobs where ANY 4-year degree is required or strongly advantageous to have.

These degrees mean nothing other than, "The applicant was responsible and smart enough to get a 4-year degree at X school". It's become a litmus test. For the most part, college is no longer preparing people for careers. Hiring managers look at a resume of a young kid and think, "Okay, he finished with a 3.5 GPA from Harvard, obviously he's a smart kid and works hard." Should taxpayers be paying for this whole stupid exercise?

The whole college thing needs to be reconsidered. People 50 years ago saw this coming. It was warned that college degrees would become the norm, and academia would actually become a drain upon society. People laughed at the time, as college attendance in 1972 was still relatively low. But they were right.

If your parents have the money to send you to college, great. Go ahead and waste 4 years acquiring a degree in art history or women's studies. Taxpayers should only fund college when it's on the path to a real career. There should be a revival of vocational schools -- though real ones, not scams like ITT. The reality is that not all kids are college material, just like some kids are not cut out for athletics. This isn't a race or a class thing. I knew some rich white kids in my high school who went to college because that was the thing to do if your parents were rich, but I knew they were destined to flunk out. Lots of years and money are wasted in what has become an almost required extra 4 years of school.

There's been a lot of talk about everyone seemingly starting adulthood later. My parents got married in their early 20s. They both already had their careers going by this time. This was common in the mid-1960s. By the time I was in my early 20s, it was no longer common. People were waiting to get married, but otherwise were mostly acting as independent adults. Today's young generation is not only getting married even later, but we're seeing a lot of extended childhood into the 20s. Lots of these young adults are still supported by their parents, or even living at home with them. Marriage seems incredibly far off. Many aren't serious about a career yet. Teenagers 16+ are not interested in learning to drive.

This will all have a negative societal impact as time passes.

While I agree that delaying marriage until after 25 (and preferably 30) is probably wise, for maturity/compatibility reasons, I do feel that kids these days are growing up too slowly, rather than too quickly.

Mind your business.

I mean, if some nerd turned their paper in a week before the due date who cared?


Just like a woman's choice. Mind your own.

If i pay my bill two weeks before the due date or after....who cares?


I don't give a shit about your education or if you like dick or not. Or if you pay your bills on time or not. I mean, good for you if you pay your bills and you swallow.


I mean, who gives a shit.

Capitalism needs classes

and when one class gets closer to another the other class freaks

that's what it's happening...

I mean, millionaires are like...why is the person answering MY phone making half my pay?


If it doesn't apply then let it fly.

someone write a script to replace 'student loans' with 'emancipation from slavery' in all these posts.

Quote:

---

Originally Posted by sonatine

someone write a script to replace 'student loans' with 'emancipation from slavery' in all these posts.

---

Dumbest post you’ve ever made, and that’s saying something.

Quote:

---

Originally Posted by sonatine

someone write a script to replace 'student loans' with 'emancipation from slavery' in all these posts.

---

https://twitter.com/enronheadintern/...PD7ycFPc5oRx7Q

Quote:

---

Originally Posted by Tellafriend

https://twitter.com/enronheadintern/...PD7ycFPc5oRx7Q

---

It’s not unfair for 20-30 year olds to say they have a shit hand when compared to some of the earlier generations. Same could have been said when I was 20-30…. Things are getting worse in many ways.


That all being said the answer here isn’t to cancel student debt….. that’s not helping the kids that are 10-20 and need to go through this time in their lives over the next decade. It’s only making it worse. Decisions should be made to bring down college costs. Otherwise we are setting ourselves up for a 20k cancelation 10 years from now.

Quote:

---

Originally Posted by Daly

Quote:

---

Originally Posted by Tellafriend

https://twitter.com/enronheadintern/...PD7ycFPc5oRx7Q

---

It’s not unfair for 20-30 year olds to say they have a shit hand when compared to some of the earlier generations. Same could have been said when I was 20-30…. Things are getting worse in many ways.


That all being said the answer here isn’t to cancel student debt….. that’s not helping the kids that are 10-20 and need to go through this time in their lives over the next decade. It’s only making it worse. Decisions should be made to bring down college costs. Otherwise we are setting ourselves up for a 20k cancelation 10 years from now.

---

:lol2



this forum is boomers and Generation X

Beat: 20K would barely make a dent in the student debt me and my wife still have.
Brag: We down qualify anyways

--But yeah, it looks like the Supreme Court indirectly really fucked America up the ass with the Roe vs Wade ruling right before the midterms. Because most Americans actually support abortion and it is something they viscerally care about more than financial policy; so this ruling is going to give the Democrats some extra juice to continue making bad economic policy for the foreseeable future.

I have 2 kids in college so the benefits of this for me are substantial. Yet, there is an unfairness to it that makes it so I'd rather not see it come to be. What about people with credit card debt or upside-down car loans? Don't they deserve some relief too? What about the people who bought houses between a year ago and a year from now sure to be underwater soon if not already? The forgiveness is going to send a very bad message.

When my ex was really into politics I got dragged along to a Rob Rae speech (he was head on Ontario education). The whole purpose was to talk about how to make education more affordable and increase enrollment in universities. 99% of the discussion centred around this. Then some Eastern European professor would could clearly not read the room got up and spoke that the problem was there were too many students and we actually needed less. That they were just wasting their and his time time. It was one of those awkward comments that people didn;t really know how to respond and chose to just move on.

Truth was and I knew it at the time he was 100% correct. As a graduate assistant I saw students all the time who had no business being there and were just throwing away mommy and daddies money or accruing debt. None of them had any plans for what the hell they were going to do in 6 months let alone a career path.

I know someone right now who is 21 years old, barely made it through high school and makes 35 an hour as a pipefitter doing 50 hours a week. He loves his work and will be set for life if he can be responsible about it.

https://twitter.com/ScottSeiss/statu...09639789649921

Quote:

---

Originally Posted by country978

I have 2 kids in college so the benefits of this for me are substantial. Yet, there is an unfairness to it that makes it so I'd rather not see it come to be. What about people with credit card debt or upside-down car loans? Don't they deserve some relief too? What about the people who bought houses between a year ago and a year from now sure to be underwater soon if not already? The forgiveness is going to send a very bad message.

---

Very incorrect here

NOT here in South Florida.. Homes bought one year ago are up good too. The American Housing Market is on fire and what we need to have NOT happen here is maybe get too much BIG institutional money buying everything up and Supplying the Homes/Condos/Apartments. Single Family Homes owned by Americans however they do it and pay them bills, should still be the American Dream not living in some different Apartment every so often, paying rent not ever putting Equity into a home that you will actually own in the long-term. The old American Dream right.. Or is that not it anymore, which if you speak to many of them Millennials which your children must be they'll think living in College like dorm life is how it should be. Less is more to the young one today it seems, and owning isn't less its an obligation they maybe would not want unless they're really fortunate

Also and VERY importantly why your all fundamentally wrong too im sick of hearing it, it's foolish and incorrect

2007/2008 that Financial Collapse which Wall St and Mortgage Backed Securities fell apart which then house of cards, tumbled... And what happened was people investments, pensions everything exposed to that literally destroyed housing sector was gone. The reason that happened and what is totally fundamentally different about what we have now, here and going on and past few years is fundamentally different, completely.

Loose lending was what tipped the House of Cards in 2007 and everything collapsed that is not what we have now here and haven't recently, its tough to get a Mortgage now as it should be too. So its not easy to get that loan and debt to own. and people who do are qualified. Will pay them Mortgages absolutely, they're Qualified for that debt. Intend on paying it too. And that brings us to now here, 2022 and i Will Continue with another post but, Costs for Material's way up now. So the next phase of all projects and Single family homes will have to be Raised, priced higher to build in the higher Cost of Materials now.

And so what you have here now actually really is or should be now since so much did change and post Covid US spending money much is different now so there really maybe should be an emphasis on actual home ownership again. Like our parents had in the 1960s and 1970s. Also too so this Millennial Generation understands that to own a home is important, pride if you're a real actual American person. I understand that from the Investment standpoint Risk/Reward Calculus does exist there too and also lol, Married Couple's get divorced all the time right, how high is that Divorce Rate Right now, you should expect it too now a days. I feel good 43 single never married so im not one contributing to that super high sad Divorce Rate. And its because people get Married for the wrong reasons, and its not real love I think, anyway lots is changing right now and you should FOMO a Home in my sincerest of views now..

FOMO of never owning youre own home in America which is the American dream or i always thought that was myself.

Quote:

---

Originally Posted by BetCheckBet

I know someone right now who is 21 years old, barely made it through high school and makes 35 an hour as a pipefitter doing 50 hours a week. He loves his work and will be set for life if he can be responsible about it.

---

In my world - which appears to be at odds with Sonatine - there is no way this working class kid and the other workers on the job site should be paying for your privileged ass to be going to college.

But then again the concept that taxation and income distribution have anything at all to do with this issue is a notion that was abandoned 15-20 years ago. Somehow money just magically appears. To deny a handout is to be an asshole.

Inflation and recession will affect the 21 yr old much more than it will me. Older people without kids just consume a lot less. I do empathize with him more than the theatre major though. I worked damn hard at his age.

Quote:

---

Originally Posted by BetCheckBet

https://twitter.com/ScottSeiss/statu...09639789649921

---

Alumni donations are a pay it forward kind of thing.

Some guy goes to school and hits it big. He hooks the kids up with internships and job offers after school. Mr Big pays for the new athletic field.

You and your buddies get hooked up too and do ok.

You go to games and other events as a graduate and touch base with your people.

You get an email asking to contribute. People tend to give willingly. It is a community that you care about.

This is more a private school than a public school phenomenon, of course.

My kid is at Saratoga with his college buddies atm. The bond is strong. Looking out for each other. I like to see thet. My kid needs that support. He’s ain’t that bright. He will give

Auto loans will be next, repos are going up fast since car prices are too high and people are no longer getting free Covid cash.

This never gets old


https://twitter.com/charlietheriau2/...1UxBU9kD13a7kQ

5M student loan borrowers face mandatory collections starting May 5, 2025

WASHINGTON -- Some 5 million Americans with defaulted student loan payments will have their loans sent for collections on May 5, the Department of Education announced on Monday.

Next month, for the first time since student loan payments were paused due to the onset of the COVID-19 pandemic, the Education Department will collect the debts from borrowers who had defaulted -- which means they hadn't paid their debts for around nine months or 270 days -- before the pandemic.

The announcement comes as scores of Federal Student Aid (FSA) employees have been terminated at the Department of Education as part of President Donald Trump's efforts to shutter the agency, which creates uncertainty for borrowers and the future of the student loan system, according to former Under Secretary of Education James Kvaal.

Needs to be taken a step further by requiring Ticketmaster to check for outstanding delinquent student loans before selling anyone tickets.

You owe, you don’t go!

i'm Disabled now so all of my Student Loans (~60k) were discharged


If you’re totally and permanently disabled, you may qualify for a discharge of your federal student loans and/or Teacher Education Assistance for College and Higher Education (TEACH) Grant service obligation.

If you get a TPD discharge, you won’t have to repay the following loan types:

-William D. Ford Federal Direct Loan (Direct Loan) Program loans
-Federal Family Education Loan (FFEL) Program loans
-Federal Perkins Loans


(All of my student loans are discharged and gone now, thankfully)

Quote:

---

Originally Posted by garrett

i'm Disabled now so all of my Student Loans (~60k) were discharged


If you’re totally and permanently disabled, you may qualify for a discharge of your federal student loans and/or Teacher Education Assistance for College and Higher Education (TEACH) Grant service obligation.

If you get a TPD discharge, you won’t have to repay the following loan types:

-William D. Ford Federal Direct Loan (Direct Loan) Program loans
-Federal Family Education Loan (FFEL) Program loans
-Federal Perkins Loans


(All of my student loans are discharged and gone now, thankfully)

---

yet you have a million dollars and no debt.


being on any form of government assistance used to bring shame.

now not so much.

Quote:

---

Originally Posted by desertrunner

5M student loan borrowers face mandatory collections starting May 5, 2025

WASHINGTON -- Some 5 million Americans with defaulted student loan payments will have their loans sent for collections on May 5, the Department of Education announced on Monday.

Next month, for the first time since student loan payments were paused due to the onset of the COVID-19 pandemic, the Education Department will collect the debts from borrowers who had defaulted -- which means they hadn't paid their debts for around nine months or 270 days -- before the pandemic.

The announcement comes as scores of Federal Student Aid (FSA) employees have been terminated at the Department of Education as part of President Donald Trump's efforts to shutter the agency, which creates uncertainty for borrowers and the future of the student loan system, according to former Under Secretary of Education James Kvaal.

---

Didn’t Biden discharge billions in student loans? How can someone still be in arrears in 2025.

This feels like grandstanding over a couple dozen dead beat UCLA graduates

The government and colleges need to break it off clean.

My take- Keep the loans in place, but make them zero interest so the students can get out of the home and pay off over time.

Quote:

---

Originally Posted by desertrunner

My take- Keep the loans in place, but make them zero interest so the students can get out of the home and pay off over time.

---

Bingo, instead of wiping out agreed upon loans with grade twelve grads, let's take that interest and invest it in our communities. Homelessness, health care, tax credits etc., etc.

If the money won't come from general taxes let's nail the "hope to be privileged"

All those attacked should take solace.
It's just a matter of time.

Unless you live in a penthouse and are treating the latest
gout outbreak, you would realize your representative has shit on you.

Veterans et al

Quote:

---

Originally Posted by garrett

i'm Disabled now so all of my Student Loans (~60k) were discharged


If you’re totally and permanently disabled, you may qualify for a discharge of your federal student loans and/or Teacher Education Assistance for College and Higher Education (TEACH) Grant service obligation.

If you get a TPD discharge, you won’t have to repay the following loan types:

-William D. Ford Federal Direct Loan (Direct Loan) Program loans
-Federal Family Education Loan (FFEL) Program loans
-Federal Perkins Loans




(All of my student loans are discharged and gone now, thankfully)

---

My best suggestion for you is to just permanently shut the fuck up, sit on the sidelines, and just listen, instead of sitting there in your retarded state talking shit to everyone like a psyched out 12 year old. Even you getting hit by a vehicle apparently didn't knock that out of you which is truly saying something imo.

Disabled...lol. You were disabled the moment you started posting here 12-13 years ago or whatever it was. The only one who doesn't realize it is you.

You've got absolutely nothing to say here. The only ironic issue is I know you won't shut the fuck up because you're too retarded to - because you're a perma roid raged teenager.

Keep in mind, I cant imagine saying any of this to anyone else here because they don't do the shit that you have done on this forum, but you my friend are well deserving of it.


But yes, please take that payout and discharge.



EDIT: Oh and by the way, full disclosure - I was half drunk when I wrote this but as far as I'm concerned it still doesn't change things and I really don't give a shit