A Third Of Student Debt Holders Spent ‘Extra Money’ They Thought Would Be Wiped Clean…

[Ingomike]

“Roughly a third of Americans with student loans spent money they would not have normally spent because they were “confident” it would be forgiven under President Joe Biden, according to a new poll.“

“The poll by Intelligent.com surveyed 977 people who would have qualified for at least $10,000 of debt relief under Biden’s student loan forgiveness plan, which was struck down by the Supreme Court last month. Of those, one in three said they spent “extra money” because they were assuming forgiveness, with many spending that money on things like vacations, retail items, and even alcohol, drugs, and gambling.“

“Over half of borrowers now say they don’t feel prepared once student loan repayment starts back up in October, with 35% saying they’re “very unprepared” and 23% saying they’re “somewhat unprepared.” Over a quarter of respondents also claimed they might “refuse to pay” the $10,000 that would have been forgiven under the president’s plan.”

A Third Of Student Debt Holders Spent ‘Extra Money’ They Thought Would Be Wiped Clean: Poll | The Daily Wire

www.dailywire.com

 

[Ingomike]

Of those, one in three said they spent “extra money” because they were assuming forgiveness, with many spending that money on things like vacations, retail items, and even alcohol, drugs, and gambling.“

There are no safeguards to be certain the money is spent on education?

 

[BigRed]

“Roughly a third of Americans with student loans spent money they would not have normally spent because they were “confident” it would be forgiven under President Joe Biden, according to a new poll.“

“The poll by Intelligent.com surveyed 977 people who would have qualified for at least $10,000 of debt relief under Biden’s student loan forgiveness plan, which was struck down by the Supreme Court last month. Of those, one in three said they spent “extra money” because they were assuming forgiveness, with many spending that money on things like vacations, retail items, and even alcohol, drugs, and gambling.“

“Over half of borrowers now say they don’t feel prepared once student loan repayment starts back up in October, with 35% saying they’re “very unprepared” and 23% saying they’re “somewhat unprepared.” Over a quarter of respondents also claimed they might “refuse to pay” the $10,000 that would have been forgiven under the president’s plan.”

A Third Of Student Debt Holders Spent ‘Extra Money’ They Thought Would Be Wiped Clean: Poll | The Daily Wire

www.dailywire.com

And another layer of the enslavement onion is built.

 

[Cameramonkey]

There are no safeguards to be certain the money is spent on education?

No. Because the loans can be used for things like rent, food, etc. in case you cant work, or even work part time.

 

[BigRed]

Word for the wise.

tanstaafl


Have I ever mentioned my position regarding state?

 

[actaeon277]

Once again, proving why they are in their situation to start with.

Spending money before they get it.

 

[TrueSeanamus]

“Roughly a third of Americans with student loans spent money they would not have normally spent because they were “confident” it would be forgiven under President Joe Biden, according to a new poll.“

“The poll by Intelligent.com surveyed 977 people who would have qualified for at least $10,000 of debt relief under Biden’s student loan forgiveness plan, which was struck down by the Supreme Court last month. Of those, one in three said they spent “extra money” because they were assuming forgiveness, with many spending that money on things like vacations, retail items, and even alcohol, drugs, and gambling.“

“Over half of borrowers now say they don’t feel prepared once student loan repayment starts back up in October, with 35% saying they’re “very unprepared” and 23% saying they’re “somewhat unprepared.” Over a quarter of respondents also claimed they might “refuse to pay” the $10,000 that would have been forgiven under the president’s plan.”

A Third Of Student Debt Holders Spent ‘Extra Money’ They Thought Would Be Wiped Clean: Poll | The Daily Wire

www.dailywire.com

Not at all shocking. Why not buy up 10,000 dollars worth of toys and gizmos if mommy government is going to just wave her magic wand and make the debt disappear.

Oh right, it’s unconstitutional to wave the wand like that lol

It’s cool, we will still spend that money somehow even if it’s not for debt waiving. I hear Big Vladdy Z is needing more weapons again, call up general dynamics and have them wire me another bri… campaign donation!

 

[KLB]

There are no safeguards to be certain the money is spent on education?

I don't think they were referring to spending money from loans, but rather money that would have possibly been used to make payments on loans.

 

[TrueSeanamus]

I don't think they were referring to spending money from loans, but rather money that would have possibly been used to make payments on loans.

I don’t believe there are any restrictions on what the loan money goes to though. How else do all the college kids afford to get blackout drunk at parties every weekend? Lol

Pretty much whatever money is left after paying for the school is free game.

(Could be completely wrong, but I’ve never heard of restrictions)

 

[Dean C.]

That 10K was a drop in the bucket, the people who are screwed would have still been screwed with or without the 10k forgiveness. I know people who took out 80K for social work degrees (that's 800 a month for 10 years). That being said most of us under 35 grew up our entire lives being told if we didn't go to college we would be stupid poor bums.

 

[Cavman]

Oh.. thats a shame

 

[KellyinAvon]

“Roughly a third of Americans with student loans spent money they would not have normally spent because they were “confident” it would be forgiven under President Joe Biden, according to a new poll.“

“The poll by Intelligent.com surveyed 977 people who would have qualified for at least $10,000 of debt relief under Biden’s student loan forgiveness plan, which was struck down by the Supreme Court last month. Of those, one in three said they spent “extra money” because they were assuming forgiveness, with many spending that money on things like vacations, retail items, and even alcohol, drugs, and gambling.“

“Over half of borrowers now say they don’t feel prepared once student loan repayment starts back up in October, with 35% saying they’re “very unprepared” and 23% saying they’re “somewhat unprepared.” Over a quarter of respondents also claimed they might “refuse to pay” the $10,000 that would have been forgiven under the president’s plan.”

A Third Of Student Debt Holders Spent ‘Extra Money’ They Thought Would Be Wiped Clean: Poll | The Daily Wire

www.dailywire.com

Something-something chickens, something-something eggs.

When they were surveying the 977 chicken-counters, did they ask "what was your major?" Now that would've been a good data point.

 

[KLB]

I don’t believe there are any restrictions on what the loan money goes to though. How else do all the college kids afford to get blackout drunk at parties every weekend? Lol

Pretty much whatever money is left after paying for the school is free game.

(Could be completely wrong, but I’ve never heard of restrictions)

Well, it is supposed to be based upon costs for attending college. That does include room and board generally though, so there will be money given to the student which they can then blow on whatever.

I wasn't disputing that though, just that the money they were talking about was not loan money. I don't even think people still in school were even eligible for the 10K.

 

[Bugzilla]

 

[MCgrease08]

Oh well. Hopefully they've learned a lesson from their poor choices.

 

[littletommy]

Oh well. Hopefully they've learned a lesson from their poor choices.

Nah, learning a lesson is deeply rooted in 1950s white supremacy! C’mon man!

 

[Leo]

An ancient book of wisdom says "the borrower is subject (slave) of the lender". That is always the case, no matter who is the borrower, who is the lender, or what the loan was for. You would think that basic principle would be understood by anyone smart enough to go to college. Going on vacation with money you owe is a statement of irresponsibility.

I know it is a big pile of money. That does not negate the moral responsibility of paying it back. My first son was born with a lot of complications. My insurance had no baby coverage. I owed more to the hospital than a house cost. I labored and paid that bill off with years of sacrifice. It was the right thing to do. Unlike college loans, that bill was not even from my choices

 

[Ark]

looks at teetering pile of guns in the corner

Pfft, what kind of idiot would do that?

 

[rhamersley]

There are no safeguards to be certain the money is spent on education?

Not to Denny up the thread, but I think it's talking about money that would have been used to pay back the loans being wasted, not the money from the loans themselves.

ETA: Note to self, scroll all the way through the thread before answering a question lest you repeat an answer already given...

 

[bobzilla]

Why wouldn't you blow your money on hookers and blow? I mean uncle sugar is gonna take careof everything.