Student debt relief/forgiveness

black dog

Free America
You don't provide the proof, you have to have your schools dept of records provide it, usually for a fee. Diplomas can be faked, I actually got a spam email where I could buy a diploma from any school for $15.
Yep, they come in sealed stamped envelopes from the school.
And you pay for each. Just like getting certified court documents.
 

Gilligan

#*! boat!
PREMO Member
So dildo you have had a personal bankruptcy, Trumps owns about 500 entity's that carry his name.
Out of those, six of his corporations have filed chapter 11 six times.
In business thats an Amazing Record.
Unlike YOU, President Trump has never filed for a personal bankruptcy.
That's way beyond hemirhoid's ability to comprehend.
 

Kyle

Beloved Misanthrope
PREMO Member
Florida-based mom pays off $40K in student debt after living 'paycheck to paycheck'

Michelle Schroeder-Gardner paid off her college loans through hard work; meanwhile, two money experts — Brian Brenberg and Dave Ramsey — weighed in on debt forgiveness notions


President Joe Biden recently extended the student loan repayment pause until August 31 — the fourth such time he's extended federal loan student repayment as president.

Over the past few months, some prominent Democrats have urged him to extend the payment pause further, while Biden has indicated he might cancel student debt via executive action.

Meanwhile, many hardworking, play-by-the-rules Americans have diligently paid off their student loans as a matter of personal responsibility. Many are still in the process of doing so. They believe in taking care of their obligations; for them, it's the right thing to do.

Schroder-Gardner sold clothing online, did freelance writing, started a website and took part in online studies to make extra cash, she explained — all on top of holding down a 40-hour-a-week full-time job.





 

OccamsRazor

Well-Known Member
I just do not see student loan forgiveness as a whole EVER happening. Too much catastrophic fallout from a decision like that. People who have paid faithfully, people who have already paid it off, etc.
 

herb749

Well-Known Member
Don't know where he will get the funds from to do it. He could say its Build Back Better and steal it from there.
 

OccamsRazor

Well-Known Member
Don't know where he will get the funds from to do it. He could say its Build Back Better and steal it from there.
The only place to get the money is from increased tax. Imagine that! You paid off your loans like a responsible person and now, you have to pay more in taxes to pay off the loans of irresponsible borrowers.
 

Hijinx

Well-Known Member
To keep extending the time they don't have to pay the debt back, only encourages them not to pay at all.
Especially when he keeps hinting that he may just cancel the debt.

So what happens if he cancels the debt.
Do they stop making student loans?
Does it mean they will cancel all debt on loans they make after the debt is canceled?
Does it mean college will become free?

Open this box and stand by for the unintended consequences.
 

OccamsRazor

Well-Known Member
To keep extending the time they don't have to pay the debt back, only encourages them not to pay at all.
Especially when he keeps hinting that he may just cancel the debt.

So what happens if he cancels the debt.
Do they stop making student loans?
Does it mean they will cancel all debt on loans they make after the debt is canceled?
Does it mean college will become free?

Open this box and stand by for the unintended consequences.
All of this reminds me of "Too Big to Fail." Colleges have run for YEARS now on the inflated costs of doing business mainly driven by the easy availability of massive amounts of money from these loans. If the loans were to suddenly stop, colleges would be forced to revert to lower tuitions in which case they ultimately would not be able to keep pace with their inflated costs. The costs that they have become accustomed to due to the large amounts of money available from student loans.
 

glhs837

Power with Control
All of this reminds me of "Too Big to Fail." Colleges have run for YEARS now on the inflated costs of doing business mainly driven by the easy availability of massive amounts of money from these loans. If the loans were to suddenly stop, colleges would be forced to revert to lower tuitions in which case they ultimately would not be able to keep pace with their inflated costs. The costs that they have become accustomed to due to the large amounts of money available from student loans.

Yep, gonna have to crash the system to save it.
 

Bluecrqbe

Active Member
Wow that's high. One semester for me in 92 was about $1200
IIRR, one tri-mester was between $3000-3500 for 12 credits for my Marine Science program back in '73-'75.

People lie about the weirdest things.

$3200 in 1973 is now about $22k. You expect us to believe your education cost nearly $90k?

Please see your doctor about a cognitive test, there is something up with you.

 
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