Breaking: Biden offers alternative student debt relief plan that would remove immediate threat

[1srelluc]

Didn't read the whole thing but employer can garnish up to a certain amount.

Why and How Student Loan Creditors Can Garnish Your Money

Your student loan creditors can garnish your bank account to recover unpaid student loans in multiple ways, depending on whether your lender is federal or private.

www.investopedia.com

It depends on the state.

 

[beagle9]

I

If I was a employer and found that a applicant had defaulted on their student loan that resume would go straight into the "round file".

Is it truly the student's fault ?? Think about the 2008 debacle where the government and banks were in cahoots trying to get loans out to the poor people for houses, and it ultimately resulting in a huge housing market bubble crash, and a huge bank's failure, otherwise when bank's tried repackaging the loan's, and then selling them to whoever their target victim was.

I knew a woman that purchased a trailer during the period, and the next thing we know was that her mortgage was sold to another, and soon after that came the crash. Was she to blame ? Nope.

Predatory lending practices to vulnerable student's was a crisis in the making. It finally got out of control, and people were drowning in debt with a very long time to get out of the situation. Carrying that weight into their job seeking career was for many a Titanic affair that could end up sinking them before they could establish their careers.

A re-evaluation of their debt should be looked at by professionals, and then customizable remedies could be offered to each student if seeking out help in their situation.

Using crisis to buy votes however, needs to be seen for what it is.

If the government in collaboration with banks and colleges, are joined in a scheme that gives kick back's to politician's in favor of tuition cost for profits, then this needs to be looked at also.

 

[beagle9]

The dems are always looking for new ways to fleece the taxpayers.

I believe that to the fullest.

 

[debbiedowner]

I

Is it truly the student's fault ?? Think about the 2008 debacle where the government and banks were in cahoots trying to get loans out to the poor people for houses, and it ultimately resulting in a huge housing market bubble crash, and a huge bank's failure, otherwise when bank's tried repackaging the loan's, and then selling them to whoever their target victim was.

I knew a woman that purchased a trailer during the period, and the next thing we know was that her mortgage was sold to another, and soon after that came the crash. Was she to blame ? Nope.

Predatory lending practices to vulnerable student's was a crisis in the making. It finally got out of control, and people were drowning in debt with a very long time to get out of the situation. Carrying that weight into their job seeking career was for many a Titanic affair that could end up sinking them before they could establish their careers.

A re-evaluation of their debt should be looked at by professionals, and then customizable remedies could be offered to each student if seeking out help in their situation.

Using crisis to buy votes however, needs to be seen for what it is.

If the government in collaboration with banks and colleges, are joined in a scheme that gives kick back's to politician's in favor of tuition cost for profits, then this needs to be looked at also.

It's simple, you borrow any monies you pay it back.

 

[jotathought]

Government provides easy access for student loans ... colleges introduce ridiculous and meaningless degrees that cost crazy amounts .. colleges raise tuition ... and now government tries the solve the problem they created.

If children were educated in basic math, consumer math and other related topics .. (which they aren't and are failing at a catastrophic rate) ... they would know a $100K loan that's deferred is only going to compound and take years to pay off .

 

[skews13]

It depends on the state.

Any comment on all of those Republicans in Congress that got millions in PPP loans forgiven?

The banks?

 

[Cougarbear]

How in the world is requiring adults to pay back their loans “taking away hope”? This Biden character is trying to demonize the SCOTUS just because they didn’t go his way.

That seems to be the Democrat tactic: demonize and delegitimize any dissenters.

That’s how both communists and fascists work.

 

[Cougarbear]

Any comment on all of those Republicans in Congress that got millions in PPP loans forgiven?

The banks?

Stay on topic. We are conversing on the Bideomics that will destroy America.

 

[merrill]

So he’s going to ease the threat of default if they don’t pay. Wtf does that even mean.
Democrats are always trying to find a way around the Supreme Court rulings and constitutional law.
I understand the band kept playing while the Titanic was sinking.


Biden offers alternative student debt relief plan that would remove immediate threat of default

President Joe Biden vowed Friday to push ahead with a new plan to provide student loan relief for millions of borrowers while blaming Republican “hypocrisy” for triggering the day's Supreme Court decision that wiped out his original plan.

Biden said payment requirements for student loans would resume in coming weeks, but that he would work under the authority of the Higher Education Act to begin a new program designed to ease borrowers’ threat of default if they fall behind over the next year.

Hours after the Supreme Court ruling, Biden commented from the White House, trying to stay on the political offensive even as the ruling undermined a key promise to young voters who will be vital to his 2024 reelection campaign.

Biden offers alternative student debt relief plan that would remove immediate threat of default

Supreme Court should NOT have a say in this issue. This is a matter for elected officials not 6 Fascist worshippers aka corrupt groupies who will throw the USA under a bus faster than a light wave.

 

[Cougarbear]

Supreme Court should NOT have a say in this issue. This is a matter for elected officials not 6 Fascist worshippers aka corrupt groupies who will throw the USA under a bus faster than a light wave.

The purpose of the Court is to make sure the Executive Branch and the Legislative Branch stay within their lanes of jurisdiction. Biden is out of his mind, I mean lane. Well, both. Nancy Pelosi in 2021 while Speaker of the House said that the President doesn’t have the jurisdiction to forgive loans and write new laws. It’s the Congress job to do that. The SCOTUS simply agreed with Pelosi. And, Judge Roberts acknowledged her on this as well.
Also, the SCOTUS has a say in any court case that comes to them. So, it is you that wants to work in your fascism and communism to spread the poverty around.

 

[San Souci]

What’s the “immediate threat”? Having to go back to paying off your loans after a three-year “pause”?

To bad we don't have Debtors prison.

 

[skews13]

Stay on topic. We are conversing on the Bideomics that will destroy America.

Bidenomics has saved America from another Republican failure, but I digress.

The topic is the stunning hypocrisy of denying a young person making $60k or even less, a $10k relief on their student loan debt, while banks get bailed out to the tune of trillions, and worthless congressmen get relief on millions in PPP loans.

You rightards just live you some bankers huh?

 

[beagle9]

It's simple, you borrow any monies you pay it back.

So banks scheming to use predatory practices in collaboration with college's, the government, and whoever else was involved, is somehow totally the student's fault eh ?

Aren't we talking about student's that haven't been exposed to the hard knocks of life yet, but here they are supposed to understand the golden calf that was placed before them, otherwise that was then trending among fellow student's as if it was a good thing once they all were gathered together for the debt slaughter ??

 

[Blaster]

So he’s going to ease the threat of default if they don’t pay. Wtf does that even mean.
Democrats are always trying to find a way around the Supreme Court rulings and constitutional law.
I understand the band kept playing while the Titanic was sinking.


Biden offers alternative student debt relief plan that would remove immediate threat of default

President Joe Biden vowed Friday to push ahead with a new plan to provide student loan relief for millions of borrowers while blaming Republican “hypocrisy” for triggering the day's Supreme Court decision that wiped out his original plan.

Biden said payment requirements for student loans would resume in coming weeks, but that he would work under the authority of the Higher Education Act to begin a new program designed to ease borrowers’ threat of default if they fall behind over the next year.

Hours after the Supreme Court ruling, Biden commented from the White House, trying to stay on the political offensive even as the ruling undermined a key promise to young voters who will be vital to his 2024 reelection campaign.

Biden offers alternative student debt relief plan that would remove immediate threat of default

Biden can't do anything.

 

[beagle9]

To bad we don't have Debtors prison.

Be a lot of people caught up in that one.

 

[Cougarbear]

Bidenomics has saved America from another Republican failure, but I digress.

The topic is the stunning hypocrisy of denying a young person making $60k or even less, a $10k relief on their student loan debt, while banks get bailed out to the tune of trillions, and worthless congressmen get relief on millions in PPP loans.

You rightards just live you some bankers huh?

Here's the difference. Congress passed laws bailing out the banks, not Bush or Obama. Therefore, even though you may object to Obama's plan to bail out banks, it was Constitutional because Congress had the responsibility of the purse, not the President. Are you able to grasp what the Constitution is and what it says about this? Apparently not. But, we will keep on trying to educate you even though it appears you are educatable retarded. If the President wants to forgive student loans, then his job is to go to Congress and ask them to pass a bill for this purpose. Instead, he gets Democrats, who are in fact educatable retarded, all riled up like you and spew out nonsense and unlawful babblings. Understand the word Unconstitutional???

 

[jotathought]

How in the world is requiring adults to pay back their loans “taking away hope”? This Biden character is trying to demonize the SCOTUS just because they didn’t go his way.

That seems to be the Democrat tactic: demonize and delegitimize any dissenters.

Taking away hope is announcing you're going to do something, not doing the due diligence and then finding out you let down all those adults who chose to get those loans.

Democrats will attempt to use this week's decisions by twisting their words, adding hyperbole and misleading their constituencies for political gain -- and the low information voters will buy into it.

 

[San Souci]

Be a lot of people caught up in that one.

College Brats with degrees in "Gender Studies"? Off with their heads!

 

[Mac-7]

Here is a wild idea why not work on why the cost of college is so high and work on ways to lower the cost so those who take out loans are not hit with such massive debt when they graduate.

Or, simply do away with the student loan program

Why lend money to prople who have no intention of paying it back?

 

[yidnar]

I

Is it truly the student's fault ?? Think about the 2008 debacle where the government and banks were in cahoots trying to get loans out to the poor people for houses, and it ultimately resulting in a huge housing market bubble crash, and a huge bank's failure, otherwise when bank's tried repackaging the loan's, and then selling them to whoever their target victim was.

I knew a woman that purchased a trailer during the period, and the next thing we know was that her mortgage was sold to another, and soon after that came the crash. Was she to blame ? Nope.

Predatory lending practices to vulnerable student's was a crisis in the making. It finally got out of control, and people were drowning in debt with a very long time to get out of the situation. Carrying that weight into their job seeking career was for many a Titanic affair that could end up sinking them before they could establish their careers.

A re-evaluation of their debt should be looked at by professionals, and then customizable remedies could be offered to each student if seeking out help in their situation.

Using crisis to buy votes however, needs to be seen for what it is.

If the government in collaboration with banks and colleges, are joined in a scheme that gives kick back's to politician's in favor of tuition cost for profits, then this needs to be looked at also.

Acorn is partly responsible along with dem leaders for forcing banks to lower lending standards .