Student loan 'Forgiveness",Too little to help anyone, just enough to make everyone angry

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  • GodFearinGunTotin

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    Mitchell

    BigRed

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    Jaybird1980

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    Oh dear. How will she ever afford to have the kitchen renovated with this debt keeping her enslaved?

    "In 2012, I graduated from Fordham Law School with $180,000 is student loan debt," Biaggi wrote in a tweet. "I’ve been paying loans for 11 years. Even paid two of them off completely."

    "In 2023, my balance is $206,000," added Biaggi, who represented New York's 34th district during her three-year tenure in the state Senate.

    So in 11 years after "paying off 2 loans completely" her balance is now $26,000 higher than it was when she graduated. All while buying a million plus house.

    Somebody's fancy college education did not include finance courses.
     
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    Creedmoor

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    "In 2012, I graduated from Fordham Law School with $180,000 is student loan debt," Biaggi wrote in a tweet. "I’ve been paying loans for 11 years. Even paid two of them off completely."

    "In 2023, my balance is $206,000," added Biaggi, who represented New York's 34th district during her three-year tenure in the state Senate.

    So in 11 years after "paying off 2 loans completely" her balance is now $26,000 higher than it was when she graduated. All while buying a million plus house. Somebody's fancy college education did not include finance courses.
    I would guess she didnt make any payments during the Covid Silly-ness.
     

    actaeon277

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    Oh dear. How will she ever afford to have the kitchen renovated with this debt keeping her enslaved?

    That's the thing.
    You peasants need to pay OUR debt so I can have MORE money.
     

    Leadeye

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    Oh dear. How will she ever afford to have the kitchen renovated with this debt keeping her enslaved?


    She is a Tammany legacy, grandpa Mario was put in prison and forced out of congress for taking money in addition to being an outspoken proponent of gun control.
     

    BigRed

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    "In 2012, I graduated from Fordham Law School with $180,000 is student loan debt," Biaggi wrote in a tweet. "I’ve been paying loans for 11 years. Even paid two of them off completely."

    "In 2023, my balance is $206,000," added Biaggi, who represented New York's 34th district during her three-year tenure in the state Senate.

    So in 11 years after "paying off 2 loans completely" her balance is now $26,000 higher than it was when she graduated. All while buying a million plus house.

    Somebody's fancy college education did not include finance courses.


    And this is what passes for "the best and brightest" in legislatures these days.
     

    BigRed

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    Oh dear. How will she ever afford to have the kitchen renovated with this debt keeping her enslaved?

    I'm going to take a moment to brag about my youngest. She has always been hard working and intelligent.

    She went to school to be a nurse. We paid part. She paid part as we wanted her to have skin in the game.

    During her school years she worked part time in the school year and nearly full time in summer breaks. She lived within her means. She ended up with some student loans to cover her part.

    When she got out she took a nursing position that eventually led her to be an ICU nurse.

    She got an apartment...not anything "trendy and chic" in the "cool district"....Just something that served the need with affordable rent.

    During that time, the "freeze on student loan payments" came out. She continued to pay hers as aggressively as possible. She financed a good used car during that time as she wanted to build some credit and needed reliable transportation. Again, nothing fancy....a base model Civic with around 40,000 miles on it.

    After about two years, she got tired of debt and decided to bite the bullet, hunker down and get rid of it. She paid off the balance of her student loans. Then she paid off the balance on the car. Then she started stocking for a rainy day.

    I am confident she has no interest in paying for other peoples' debt.
     

    jsx1043

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    Just because you think its a good idea, doesnt mean its legal.
    Sooooo much of the rage today is just people screaming "this isn't a good thing".

    That's not what SCOTUS is. They are not a ruling council that decides to do "good things" or "bad things". They exist to determine whether a thing is legal under the Constitution as written.
    I was reading that as: “Just because you (Biden and progressive socialist ilk) think its a good idea, doesn't mean its legal.”
     

    Ark

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    I was reading that as: “Just because you (Biden and progressive socialist ilk) think its a good idea, doesn't mean its legal.”
    Correct. The progs seem to suffer from a fundamental misunderstanding that SCOTUS exists to simply "do good".

    Or, they just view it as another power institution to be infiltrated and corrupted.
     

    yeahbaby

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    "In 2012, I graduated from Fordham Law School with $180,000 is student loan debt," Biaggi wrote in a tweet. "I’ve been paying loans for 11 years. Even paid two of them off completely."

    "In 2023, my balance is $206,000," added Biaggi, who represented New York's 34th district during her three-year tenure in the state Senate.

    So in 11 years after "paying off 2 loans completely" her balance is now $26,000 higher than it was when she graduated. All while buying a million plus house.

    Somebody's fancy college education did not include finance courses.
    No kidding.
     

    spencer rifle

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    I'm going to take a moment to brag about my youngest. She has always been hard working and intelligent.

    She went to school to be a nurse. We paid part. She paid part as we wanted her to have skin in the game.

    During her school years she worked part time in the school year and nearly full time in summer breaks. She lived within her means. She ended up with some student loans to cover her part.

    When she got out she took a nursing position that eventually led her to be an ICU nurse.

    She got an apartment...not anything "trendy and chic" in the "cool district"....Just something that served the need with affordable rent.

    During that time, the "freeze on student loan payments" came out. She continued to pay hers as aggressively as possible. She financed a good used car during that time as she wanted to build some credit and needed reliable transportation. Again, nothing fancy....a base model Civic with around 40,000 miles on it.

    After about two years, she got tired of debt and decided to bite the bullet, hunker down and get rid of it. She paid off the balance of her student loans. Then she paid off the balance on the car. Then she started stocking for a rainy day.

    I am confident she has no interest in paying for other peoples' debt.
    My turn. None of our 4 have any debt at all. My employment does not allow me to both pay for kids college and eat at the same time. None of them took out any loans - "Just as the rich rule the poor, so the borrower is slave to the lender." The two oldest have their degrees, the third is working on it, the 4th is not interested. The second attended Columbia and paid her way for her master's, working 4-5 jobs in Manhattan while attending and living in what was basically a closet in a 5th floor walk-up.
    They now have freedom to pursue their desires because they don't have debt, and that makes me happy.
     

    Creedmoor

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    I'm going to take a moment to brag about my youngest. She has always been hard working and intelligent.

    She went to school to be a nurse. We paid part. She paid part as we wanted her to have skin in the game.

    During her school years she worked part time in the school year and nearly full time in summer breaks. She lived within her means. She ended up with some student loans to cover her part.

    When she got out she took a nursing position that eventually led her to be an ICU nurse.

    She got an apartment...not anything "trendy and chic" in the "cool district"....Just something that served the need with affordable rent.

    During that time, the "freeze on student loan payments" came out. She continued to pay hers as aggressively as possible. She financed a good used car during that time as she wanted to build some credit and needed reliable transportation. Again, nothing fancy....a base model Civic with around 40,000 miles on it.

    After about two years, she got tired of debt and decided to bite the bullet, hunker down and get rid of it. She paid off the balance of her student loans. Then she paid off the balance on the car. Then she started stocking for a rainy day.

    I am confident she has no interest in paying for other peoples' debt.
    Good for her.
    I saved for at least one of my sons to get an Engineering Degree, or so I thought.
    Both enlisted and now have years worth of GI Bill benefits to use.
    At almost 24 and 26 yrs old neither have any debt.
     
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