Student loan forgiveness

[Daly]

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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.

[garrett]

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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.

this forum is boomers and Generation X

[Kalam]

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.

[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.

[BetCheckBet]

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.

[BetCheckBet]

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[garrett]

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

[garrett]

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.

[Sanlmar]

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.

[Sanlmar]

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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

[Texter]

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.

[Tellafriend]

This never gets old

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[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.

[The Boz]

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!

[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)

[Tellafriend]

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.

[Sanlmar]

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.

[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.

[limitles]

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

[Gordman]

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