Biden approves broad student loan forgiveness

[TEOTWAWKI inc.]

My wife said she heard people will be getting a check for whatever amount they qualify for, instead of the money going directly to the lender. If that is true, I can't imagine even 10% of recipients actually paying toward their school loans. Should have called this the 'Inflation Inflation Act 2.0'.

America can't be saved, and I wouldn't put forth the effort it takes to cash a stimulus check to save it.

When are people going to realize that WE ARE SLAVES?

 

[Celt]

It would be worse under Trump so...

"Come on man."


But seriously, you must be delusional if you believe that.

 

[Saltwater60]

My wife said she heard people will be getting a check for whatever amount they qualify for, instead of the money going directly to the lender. If that is true, I can't imagine even 10% of recipients actually paying toward their school loans. Should have called this the 'Inflation Inflation Act 2.0'.

America can't be saved, and I wouldn't put forth the effort it takes to cash a stimulus check to save it.

When are people going to realize that WE ARE SLAVES?

I have not heard this. If so this is a bad idea, but I’m sure it will bring more votes for the democrats in November. I don’t think anyone knows and it will be some time before we get the details. The article I read said weeks. Well if this was already all written up and all sleepy bear needed to do was wake up long enough to sign it then why the delay in releasing the details? All I can think of is it will get us closer to November because people have short memories
Even CNN thinks it’s largely a bad Student debt relief is a tourniquet — not a magic bullet

 

[pshift]

10K is not enough to get the voters attention. Now if it were TOTAL loan forgiveness (which Trump should have done), that would be a legacy that would be talked about for a long time. The retards in charge had no issues bailing out the companies who continue to make obscene profits at our expense but the (pes)ants cannot complain about serving the queen. We are disposable and can be sacrificed, until we say enough is enough.

I have also heard that it will be a check in the mail as well. None of that will go towards anyones student loan. People will just buy more e-bikes and stay at home, waiting to see what happens come January when the loan payments are scheduled to resume.

 

[Grimscale]

How about star property tax exemption,

What the hell is wrong with using the star property tax exemption?
I don't have kids. Why should I have to pay for someone else's kids?

 

[Saltwater60]

What the hell is wrong with using the star property tax exemption?
I don't have kids. Why should I have to pay for someone else's kids?

I don’t have an issue with it. I was asking what’s the difference in participating in that government program vs this one for those they have major issues with my wife utilizing this program. The reply function is t working so well for me this week and the site has been very slow.
I take advantage of the star exemption, child tax credit, and other tax credits for home improvements. I pay a boatload in taxes every year and if I can get some of it back I will. I’ve never been on welfare, never had an unemployment check. I’ve taken tax deductions and I was the recipient of a $3,000 first time homebuyer credit and that’s it. Oh and the stimulus checks. Even the first time homebuyers credit you had to stay in your home for 10 years and I was at 9 years 6 months and they made me repay a portion of it. It was funny because it was so little.

 

[Deplorable Me]

We loaned our kids money for college. Do we qualify for a rebate?

 

[Saltwater60]

10K is not enough to get the voters attention. Now if it were TOTAL loan forgiveness (which Trump should have done), that would be a legacy that would be talked about for a long time. The retards in charge had no issues bailing out the companies who continue to make obscene profits at our expense but the (pes)ants cannot complain about serving the queen. We are disposable and can be sacrificed, until we say enough is enough.

I have also heard that it will be a check in the mail as well. None of that will go towards anyones student loan. People will just buy more e-bikes and stay at home, waiting to see what happens come January when the loan payments are scheduled to resume.

If it’s a check and not directly applied to the loan principle then I support this even less. If you use it for something else then there should be heavy tax in locations like losing the interest deduction for your student loans. Stupid people will take a vacation on this money and still complain about their loans.
Actually if you think about it the $10,000 amount makes sense for the age range Biden wants to get out and vote. If your making $50-$60,000/year that’s a lot of money to you and enough to get your attention. Remember he’s not trying to buy our vote but he’s attempting to get the boarder line millennial off their ass to get out and vote and sway some independents.

 

[Saltwater60]

We loaned our kids money for college. Do we qualify for a rebate?

There was talk about forgiving parentplus loans. I’m not sure if that’s what you mean or if you mean your personal money. We will be in the same boat since we are providing funding for my son as well.

 

[Deplorable Me]

There was talk about forgiving parentplus loans. I’m not sure if that’s what you mean or if you mean your personal money. We will be in the same boat since we are providing funding for my son as well.

My apologies. My sarcasm runs deep in these later years. The wife and I want nothing from DC. We pushed our kids to get technology degrees or medical degrees where they can actually get a real job when they graduate. So far so good. I reinforced to my kids they'll be paying for the slackers with PhDs in gender studies.

I'd rather live in a trailer than take a cent from DC. (More sarcasm there.)

 

[Jmac00]

I must be getting old, I don't remember co-signing for any loans

 

[Stuckinny]

So anyone who still has loans 2 years from now can plan on another 10k of forgiveness to insure a Dem gets elected in 2024. 2 years after that...

This is just designed to buy votes. A real "fix" would have done away with interest charges accruing on any federal loan in good standing, meaning being paid back on time. That would have insured a budget neutral (or close enough to it) benefit going forward. Can't have that though, must spoonfeed the benefit to lead voters along.

 

[S&W Fan]

I must be getting old, I don't remember co-signing for any loans

^^^^^^^^ This right here , a bazillion times . Nobody held a gun to your heads to sign on the dotted line for the loan.
it’s not my responsibility to fucking pay it back for you.

 

[Beerman]

We loaned our kids money for college. Do we qualify for a rebate?

No, dumbass…. You have to forgive their loans. Pay attention!

 

[Arjuna]

Obama economist calls Biden student debt relief ‘gasoline on inflationary fire’

 

[Saltwater60]

So anyone who still has loans 2 years from now can plan on another 10k of forgiveness to insure a Dem gets elected in 2024. 2 years after that...

This is just designed to buy votes. A real "fix" would have done away with interest charges accruing on any federal loan in good standing, meaning being paid back on time. That would have insured a budget neutral (or close enough to it) benefit going forward. Can't have that though, must spoonfeed the benefit to lead voters along.

I agree and this is where we are right now with her loans. We have paid back everything we have borrowed, plus a little bit extra, and only have interest remaining. She has been paying since 2006 $300/month and originally borrowed $52,000. There’s still $34,000 left on the loan and 130 months left. The payment just increased because it’s income driven. I thought she had less left, but she had some unsubsidized and private loans to begin with because her dad made a lot of money on paper. The private ones were 10% interest and she took federal loans to pay them off.
Since we make so much money my sons loans are unsubsidized and will get interest from day one instead of waiting until he graduates.

 

[Saltwater60]

My apologies. My sarcasm runs deep in these later years. The wife and I want nothing from DC. We pushed our kids to get technology degrees or medical degrees where they can actually get a real job when they graduate. So far so good. I reinforced to my kids they'll be paying for the slackers with PhDs in gender studies.

I'd rather live in a trailer than take a cent from DC. (More sarcasm there.)

Sarcasm can be hard to pick up on the web. It’s all good man.

 

[Deplorable Me]

Sarcasm can be hard to pick up on the web. It’s all good man.

Never take me serious.

Seriously.............

 

[Defilade]

 

[SonOfSun]

"Come on man."


But seriously, you must be delusional if you believe that.

Not at all. Trump screwed me, Biden to a lesser degree. I explained how earlier.

Here is a hard fact for my family; Trump did more fiscal harm to me than Biden has. Maybe that's not the case for you, but it is for me.

 

[Celt]

Not at all. Trump screwed me, Biden to a lesser degree. I explained how earlier.

Here is a hard fact for my family; Trump did more fiscal harm to me than Biden has. Maybe that's not the case for you, but it is for me.

You may be selling it but I'm not buying it. Unless you grow your own food, don't use a vehicle to commute to work, or pay taxes there's no way I can believe the Trump admin made things harder for your family fiscally then the Biden Administration has.

I really can't see how any working, middle class family is doing better under this Administration than the previous one.

 

[Saltwater60]

My wife got one pell grant so is that enough to get $20,000?

 

[SonOfSun]

You may be selling it but I'm not buying it. Unless you grow your own food, don't use a vehicle to commute to work, or pay taxes there's no way I can believe the Trump admin made things harder for your family fiscally then the Biden Administration has.

I really can't see how any working, middle class family is doing better under this Administration than the previous one.

Tax cuts and jobs act raised my federal taxes many thousands of dollars, and that many thousand increase was with an additional child tax credit as my youngest was born in 2018. All of the items under Biden added up to less than the Trump tax increases. Like I said I don't like Biden or Trump, however Trump was much worse for me than Biden, but I guess Biden still has time to change that, ha. I don't really care if you believe me, facts are facts whether you believe them or not - the numbers for federal tax paid printed on my federal tax return don't care about opinions. Math is math.

 

[4WHLDRFTN]

So now you can take the risk at someone else's expense..Awesome

 

[byron]

 

[livingston]

His "Tax cuts and jobs" act was anything but that for me. It was a several thousand dollar federal tax paid increase for my family.

Do I remember correctly that once you posted that your wages also increased by a substantial amount during this time period. ?
Myself.... inflation under Biden has eaten up anything I received in the last 6 years.... By far

 

[DoOver]

 

[Celt]

Tax cuts and jobs act raised my federal taxes many thousands of dollars, and that many thousand increase was with an additional child tax credit as my youngest was born in 2018. All of the items under Biden added up to less than the Trump tax increases. Like I said I don't like Biden or Trump, however Trump was much worse for me than Biden, but I guess Biden still has time to change that, ha. I don't really care if you believe me, facts are facts whether you believe them or not - the numbers for federal tax paid printed on my federal tax return don't care about opinions. Math is math.

I understand what you're saying about your taxes, but cost of living has gone up so drastically that everybody is having less money in their accounts at the end of the month under Biden.

 

[dwa12479]

So I paid all my loans years ago, about $50k by the time I was done. Will I get a check for $10k?

 

[dwa12479]

My wife said she heard people will be getting a check for whatever amount they qualify for, instead of the money going directly to the lender. If that is true, I can't imagine even 10% of recipients actually paying toward their school loans. Should have called this the 'Inflation Inflation Act 2.0'.

America can't be saved, and I wouldn't put forth the effort it takes to cash a stimulus check to save it.

When are people going to realize that WE ARE SLAVES?

This is a horrid idea if true. I see this all the time with people collecting insurance money on their damaged vehicles. They pocket the cash and then pay the price for their de-valued car on trade in or when they sell it.

But the brand new hot tub out the back of the house sure is nice...