The 'sleeper-hit' beyond $10K: Student loan borrowers say new income-driven repayment plan could be 'life-changing'

[DigitalDrifter]

And there are millions of Americans whose lives would be "changed" if the government paid of their mortgages too!
Where does this shit end?

The day the Biden administration unveiled its highly anticipated student loan forgiveness plan was a "celebratory day" for Justin Short. Short, 34, graduated from the University of Missouri in 2012 with a degree in hospitality management, $47,000 in federal student loans and $5,800 in private student loans. Like many borrowers, his college debt has plagued his personal and financial decisions for years.

MSN

 

[Anathema]

Just more of a means to screw the average, working class citizen who didn’t spent gobs of money and go ears deep in debt to get a degree without a meaningful job at the end of it.

 

[Thunk]

Leftists deadbeats will be wailing and gnashing their teeth right around...ohhhhhhh...April 15

 

[johngaltshrugged]

The whole thing is just another example of Cloward & Piven at work.
Drive up the national debt while causing college tuition costs to soar as taxpayers are now on the hook & use this to drive up the debt even further. Rinse & repeat ad nauseum.
The debt soon becomes heavy enough that just the debt service is enough to bring down the whole system, then blame it on "capitalism" & you have the ignorant sheeple begging for a "reset".

We owe almost $29,000,000,000,000 & the payments are based on rising interest rates.
Here's our debt meter. Notice the sharp escalation since about the time Nixon took us off the gold standard

U.S. Debt Clock - Worldometer

What is the United States of America National Debt right now? Live clock showing the US Government debt changing in real time

www.worldometers.info

 

[Moonglow]

Just more of a means to screw the average, working class citizen who didn’t spent gobs of money and go ears deep in debt to get a degree without a meaningful job at the end of it.

I had a meaningful job before, during, and after I went to college...

 

[Moonglow]

The whole thing is just another example of Cloward & Piven at work.
Drive up the national debt while causing college tuition costs to soar as taxpayers are now on the hook & use this to drive up the debt even further. Rinse & repeat ad nauseum.
The debt soon becomes heavy enough that just the debt service is enough to bring down the whole system, then blame it on "capitalism" & you have the ignorant sheeple begging for a "reset".

We owe almost $29,000,000,000,000 & the payments are based on rising interest rates.
Here's our debt meter. Notice the sharp escalation since about the time Nixon took us off the gold standard

U.S. Debt Clock - Worldometer

What is the United States of America National Debt right now? Live clock showing the US Government debt changing in real time

www.worldometers.info

What were the reasons why college tuition increased threefold before student loan forgiveness?

 

[Moonglow]

Leftists deadbeats will be wailing and gnashing their teeth right around...ohhhhhhh...April 15

I'll take a tax bill over a several thousand dollar debt bills.

 

[Quasar44]

What were the reasons why college tuition increased threefold before student loan forgiveness?

Colleges jacked the price as they knew the Govt was paying.
Now you have endless fake degrees and inflated garbage degrees

 

[Anathema]

I had a meaningful job before, during, and after I went to college...

Then I’m going to assume you didn’t go directly after high school.

 

[DigitalDrifter]

What were the reasons why college tuition increased threefold before student loan forgiveness?

What were the reasons that food prices, gas prices, housing costs, etc etc etc, have increased dramatically? It's called inflation.

 

[Moonglow]

Then I’m going to assume you didn’t go directly after high school.

I dropped out of high school and was in college six months later and I took a GED around three years after I left to join the army.

 

[Moonglow]

What were the reasons that food prices, gas prices, housing costs, etc etc etc, have increased dramatically? It's called inflation.

It's called capitalism. I have also had an increase of over 33% in income this year.

 

[busybee01]

And there are millions of Americans whose lives would be "changed" if the government paid of their mortgages too!
Where does this shit end?

MSN

There is a huge difference. Many student loan companies have been able to defraud their customers and get away with it. In addition, student loans cannot be discharged in bankruptcy. Before this, if there was a problem, both sides could negotiate a deal which both can live with. Student loan companies have too much power. This is essentially slavery.

 

[1srelluc]

Leftists deadbeats will be wailing and gnashing their teeth right around...ohhhhhhh...April 15

No they won't, it won't be taxed as income.....In a few states maybe.

 

[Dekster]

And there are millions of Americans whose lives would be "changed" if the government paid of their mortgages too!
Where does this shit end?

MSN

It just depends. Based on what I have read they have not clarified if this would be just for new loans or all loans. They have changed that program a couple times already since its inception back in the early 90's without changing the existing loans already in place.

 

[Dekster]

No they won't, it won't be taxed as income.....In a few states maybe.

That's correct. Some of those states are working on making it tax exempt there too.

Anywho, the conservatives are playing this all wrong with their "Get off my lawn" whining. They need to lay in the deep grass and wait til November 1 and astroturf America with stories of people just finding out they are getting nothing as to make everybody else think they are getting lied to and screwed again. Susie the non binary lesbian with green hair crying tears because she has Perkins loans and will get nothing will sway more people than "Effing deadbeat liberals making me pay their GDF'ing loans blah blah blah". Scaring the hell out of people that they were screwed by the dems at the 11th hour would be much more effective, whether true or not.

 

[Ray From Cleveland]

That's correct. Some of those states are working on making it tax exempt there too.

Anywho, the conservatives are playing this all wrong with their "Get off my lawn" whining. They need to lay in the deep grass and wait til November 1 and astroturf America with stories of people just finding out they are getting nothing as to make everybody else think they are getting lied to and screwed again. Susie the non binary lesbian with green hair crying tears because she has Perkins loans and will get nothing will sway more people than "Effing deadbeat liberals making me pay their GDF'ing loans blah blah blah". Scaring the hell out of people that they were screwed by the dems at the 11th hour would be much more effective, whether true or not.

Wrong. It's up to us to stop it now. Some estimate this could put us another trillion in the hole and we're 30 trillion in the hole already.

 

[Ray From Cleveland]

There is a huge difference. Many student loan companies have been able to defraud their customers and get away with it. In addition, student loans cannot be discharged in bankruptcy. Before this, if there was a problem, both sides could negotiate a deal which both can live with. Student loan companies have too much power. This is essentially slavery.

It's thievery. This is why the commies insisted on taking over student loans, so they can pull off bullshit like this.

 

[Ray From Cleveland]

What were the reasons why college tuition increased threefold before student loan forgiveness?

It's called supply and demand.

 

[Ray From Cleveland]

Leftists deadbeats will be wailing and gnashing their teeth right around...ohhhhhhh...April 15

It's simple vote buying, that's all this is. The Communists are putting the country in a deeper hole for it.