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

[blackhawk]

Or, simply do away with the student loan program

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

Not paying loans back didn't become a thing till recently when certain politicans started telling these people having to pay back the money they borrowed is unfair.

 

[1srelluc]

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.

 

[Mac-7]

Not paying loans back didn't become a thing till recently when certain politicans started telling these people having to pay back the money they borrowed is unfair.

But not paying back is a common expectation now

Dems got the children’s hopes up knowing that it was unconstitutional

 

[BackAgain]

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

Imagine this. Each former student (with the gumption to get a damn job) took the initiative (over these past 3 years) to save as close to that monthly loan payment as possible, each month.

How fucking easy would it be to “prepay” a few months? Maybe a full year? And they’d still have money set aside to pay for each monthly installment, when due, for a couple of years.

 

[blackhawk]

But not paying back is a common expectation now

Dems got the children’s hopes up knowing that it was unconstitutional

Well the Supreme Court just gave the kids a major reality check. Part of the blame for this has to go on the parents who it seems never taught their kids the concept of living within your means or don't borrow more money than you can pay back. The fact they were never taught this helped the Democrats sell these kids on the fantasy they wouldn't have to pay these loans back.

 

[Lisa558]

Imagine this. Each former student (with the gumption to get a damn job) took the initiative (over these past 3 years) to save as close to that monthly loan payment as possible, each month.

How fucking easy would it be to “prepay” a few months? Maybe a full year? And they’d still have money set aside to pay for each monthly installment, when due, for a couple of years.

Exactly. But you see what they did instead. Upped their restaurant outings and travel plans.

 

[beagle9]

Or, simply do away with the student loan program

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

With as many free to a large degree "public institutions" out there, how did this problem become so big to start with ?? Sounds like it was a huge scheme or scam to me, otherwise that now goes back quite a few year's or more.

 

[debbiedowner]

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 ??

Well, on the other hand the parents probably had to co sign for a student loan (maybe not) and should have told them, "what you borrow you pay back". Plus, if they did not learn this by their senior year in high school they are not worthy of attending a college.

 

[Blaster]

Biden is a joke.

 

[Lisa558]

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.

Huh? You mean the six justices who knew that Biden did not have the constitutional right to spend $400 billion (to give out money to the highest-earning group) without Congress legislating that expenditure?

When did you start supporting a dictatorship?

 

[Lisa558]

Biden is a joke.

Actually…..it’s beyond sad.

 

[merrill]

Huh? You mean the six justices who knew that Biden did not have the constitutional right to spend $400 billion (to give out money to the highest-earning group) without Congress legislating that expenditure?

When did you start supporting a dictatorship?

Corporations can file bankruptcy protection all day long when they become concerned or to simply want not to pay back loans. For example if a corporation becomes a subject in a lawsuit filing for bankruptcy protection allows for them to NOT PAY.

College Loans are not afforded the same rules and regulations.

 

[Lisa558]

Corporations can file bankruptcy protection all day long when they become concerned or to simply want not to pay back loans. For example if a corporation becomes a subject in a lawsuit filing for bankruptcy protection allows for them to NOT PAY.

College Loans are not afforded the same rules and regulations.

Corporations have a lot to lose when they file bankruptcy, including forfeiture of all assets . The government can’t “take back” a college education.

Let adults repay their loans.

 

[merrill]

Time to do away with the Supreme Court as this court is acting as a third arm of the legislator.

It's also time for capitol hill to write in bankruptcy protection on all college loans.

Also if learning institutions want these students at their universities will need to reduce cost of tuitions and on campus board and room expenses.

Gov't guaranteed school loans have been around for many many decades. Lending institutions and capitol hill legislators
became the team that screwed the pooch.

 

[petro]

Don't take out a loan you are incapable of repaying yourself.

Personal Economics 101.

 

[Lisa558]

Time to do away with the Supreme Court as this court is acting as a third arm of the legislator.

It's also time for capitol hill to write in bankruptcy protection on all college loans.

Also if learning institutions want these students at their universities will need to reduce cost of tuitions and on campus board and room expenses.

Gov't guaranteed school loans have been around for many many decades. Lending institutions and capitol hill legislators
became the team that screwed the pooch.

Typical libtard reaction to anyone who disagrees with them: demands to silence them, censor them, or outright abolish them.

Right out of the Marxist playbook.

 

[merrill]

Corporations have a lot to lose when they file bankruptcy, including forfeiture of all assets . The government can’t “take back” a college education.

Let adults repay their loans.

Reckless management should not be allowed as a tool for filing bankruptcy thus corporations should be going out of
business. Owners and investors can lose their asses together.

Legislators should not design such reckless loan agreements and should be held financially responsible when students cannot afford their loans due to lack of employment that pays a wage to meet the demand. Outsourcing millions of USA jobs is reckless indeed.

 

[merrill]

Don't take out a loan you are incapable of repaying yourself.

Personal Economics 101.

How do students know they cannot repay until after they graduate? Only to discover jobs are not available that will cover the cost of six figure school loan plus pay rent, utilities, groceries, taxes, car payment etc etc etc.

 

[iamwhatiseem]

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

So in other words, his solution is to pretend a person isn't in default.
And again points to his willingness to pretend he is above the law.
He doesn't understand the basics of federal law, or rather wants to circumvent it.
If the government was to force banks to remove penalties for non-payment, by federal law, they would have to remove penalties for ALL LOANS.
He knows this, but wants to pretend he is "with the students" by AGAIN scamming them.

 

[Lisa558]

Reckless management should not be allowed as a tool for filing bankruptcy thus corporations should be going out of
business. Owners and investors can lose their asses together.

Legislators should not design such reckless loan agreements and should be held financially responsible when students cannot afford their loans due to lack of employment that pays a wage to meet the demand. Outsourcing millions of USA jobs is reckless indeed.

Why should legislators be held financially responsible when students were the ones who took out the loans and promised to pay them back? If they couldn’t comprehend the concept of repayment and interest, they had no business in college at all.