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

[oze]

If I read the article correctly, the borrowers would still have to make 240-300 monthly payments in order to be eligible for loan forgiveness. Supposedly, this "corrects loan administration errors" that gypped borrowers out of credit for payments made. My guess is that therein are the details in which the devil resides.

 

[BugI02]

It’s back…

Biden Administration Announces It Will Cancel $39 Billion in Student Loan Debt

townhall.com

Gotta keep stringing them along until at least 5 Nov 2024

 

[chipbennett]

If I read the article correctly, the borrowers would still have to make 240-300 monthly payments in order to be eligible for loan forgiveness. Supposedly, this "corrects loan administration errors" that gypped borrowers out of credit for payments made. My guess is that therein are the details in which the devil resides.

They're trying to get me to opt in to this. Not doing it. I'm almost done, and will finish paying legitimately.

 

[Shadow01]

How does joe appropriate the money? That’s the job of the House.

 

[KLB]

How does joe appropriate the money? That’s the job of the House.

Maybe in a similar way to how Trump was paying for the wall.

 

[Shadow01]

Maybe in a similar way to how Trump was paying for the wall.

So you’re saying joe is pulling the funds from the military budget?

 

[jamil]

So you’re saying joe is pulling the funds from the military budget?

Or some other budget. The military budget right now has to be pumped with cash to support the war effort.

 

[oze]

So you’re saying joe is pulling the funds from the military budget?

I think he meant that Biden is going to force Mexico to pay for it.

 

[BugI02]

Maybe in a similar way to how Trump was paying for the wall.

Maybe he 'found' another $6.2 billion accounting error in the Ukraine budget

Less 10%, that would be $5.58 billion available for deadbeat borrower relief

 

[BugI02]

I think he meant that Biden is going to force Mexico [China] to pay for it.

 

[DoggyDaddy]

Just saw on the news that based on income, if you make $30K or less, your "repayment" will be $0. After 10 years of making your payments (even if $0), the balance will be forgiven.

First of all, if you have college loan debt and you're making $30K or less? WTF did you study you ****ing moron??? Did you really think there was that big of a demand for baskets woven under water?

 

[BugI02]

Hey, man! Barista offers them flexibility and work life balance and stuff

 

[KLB]

Just saw on the news that based on income, if you make $30K or less, your "repayment" will be $0. After 10 years of making your payments (even if $0), the balance will be forgiven.

First of all, if you have college loan debt and you're making $30K or less? WTF did you study you ****ing moron??? Did you really think there was that big of a demand for baskets woven under water?

Might not have finished. That is really bad though. Pretty much under $15 an hour full time

 

[Mgderf]

Just saw on the news that based on income, if you make $30K or less, your "repayment" will be $0. After 10 years of making your payments (even if $0), the balance will be forgiven.

This too will be deemed illegal.