Society Biden gonna cancel 10k+ in student debt

[Splinty]

As Biden administration leans toward $10,000 in student loan forgiveness, advocates push back

Advocates expressed anger and disappointment on Friday in response to news that the Biden administration is leaning toward $10,000 in student loan relief.

www.cnbc.com

You getting them bennies?

 

[BeardOfKnowledge]

"Well, sir. Half the people want no debt forgiveness and half of them want full debt forgiveness."

Okay. Let's come up with an amount that will make nobody happy.

 

[BeardOfKnowledge]

Seriously though. If you're going to do debt forgiveness it should just be a one time handout of $10k to everyone.

 

[Rambo John J]

10K will just cover some interest right?

and yes, I want my debt relief as well please now

I could use a biden boost

 

[Splinty]

10K will just cover some interest right?

Will cover the 1/3rd that need relief the least

 

[Rambo John J]

Will cover the 1/3rd that need relief the least

Are you the riddler or something?
A simple yes or no please sir

 

[Freeloading Rusty]

Good on people for trying to better themselves and good for America for encouraging that behaviour.

Is seeking out more skills and opportunities something that should encouraged?

 

[Freeloading Rusty]

Are you the riddler or something?
A simple yes or no please sir

Tell me you didn’t have to take out student loans without telling me you didn’t have to take out student loans.

Your dad is a doctor, yeah?

 

[Freeloading Rusty]

What kind of debt relief you asking for?

Mortgage debt?

cc debt?

 

[member 3289]

Will cover the 1/3rd that need relief the least

You sound like an angry med school graduate with $300k in student loan debt

 

[member 3289]

Tell me you didn’t take out student loans without telling me you didn’t have to take out student loans.

Your dad is a doctor, yeah?

 

[Splinty]

You sound like an angry med school graduate with $300k in student loan debt

Truth.
But also I was being serious. Those that are fucked have a 100k in debt for a 4 year degree, no well to do parents subsidizing their educational cost, and are mostly black.

10k helps those with the least debt burden and the largest amounts of generational wealth.

 

[member 3289]

Truth.
But also I was being serious. Those that are fucked have a 100k in debt for a 4 year degree, no well to do parents subsidizing their educational cost, and are mostly black.

10k helps those with the least debt burden and the largest amounts of generational wealth.

The Dems wanted $50k. Do you think Biden is compromising because he thinks the GOP will block anything higher than $10k?

I'm trying to understand the logic of the move.

 

[RaginCajun]

They better not be given money to people with Performing arts, Liberal arts, Music, or Fashion design majors.

 

[Splinty]

The Dems wanted $50k. Do you think Biden is compromising because he thinks the GOP will block anything higher than $10k?

I'm trying to understand the logic of the move.

"Guys this is all I can do under executive order. If you can give us the Senate in November we can do the whole 50k"

Spoiler

Also maybe it's just dementia

Spoiler

Also maybe some involvement of percentages instead of raw numbers on forgiveness would be more equitable.
Forget 50%. Or even 50% or 10k whichever is higher or whatever. But surely there's a better way to do this then just some number that's arbitrary and doesn't help the most.

 

[Jesus X]

10K will just cover some interest right?

and yes, I want my debt relief as well please now

I could use a biden boost

My college debt was like 8 racks but I had grants and a few scholarships that 10k might barely cover like one semester. I went to college like in 2007 it is probably way more expensive now.

 

[kneeblock]

10k will wipe out my freshman year college debt, but little else. It's a good precedent, but not even a half measure. Sometimes I think the primary Democrat logic is "we're gonna do this so at least you can't say we never did anything!"

 

[Rambo John J]

10k will wipe out my freshman year college debt, but little else. It's a good precedent, but not even a half measure. Sometimes I think the primary Democrat logic is "we're gonna do this so at least you can't say we never did anything!"

More about money for the rich/banks than it is for the student's quality of life.

 

[RaginCajun]

More about money for the rich/banks than it is for the student's quality of life.

Yep. Colleges will also just keep raising prices anyway. Making billions and millions from sports and even more from taxpayers just can't pay the bills I guess.

 

[Qat]

Yep. Colleges will also just keep raising prices anyway. Making billions and millions from sports and even more from taxpayers just can't pay the bills I guess.

Instead of hating you should see the opportunity and open up a TMMAC posting excellence college.

There are plenty severely unskilled posters here in need of help.

I could be a guest Prof to boost your profile and international prestige.

 

[ShatsBassoon]

Is this 10k for Americans or Ukraines?

 

[Qat]

Is this 10k for Americans or Ukraines?

You wanna give missiles to American students?

 

[ShatsBassoon]

You wanna give missiles to American students?

Yes, I want to give missiles to american students.


Somebody has to tackle the gun problem

 

[Sheepdog]

Not sure how it works exactly in Murica - I assume similar, just more cuntish - but in Straya, the amount you pay is based on the amount you earn, and there is a minimum you have to earn that full-time low-wage or part-time workers don't reach.

So the trick is that you just remain poor and homeless forever, and you never have to pay a cent back. Take that, gubment!

 

[BeardOfKnowledge]

Not sure how it works exactly in Murica - I assume similar, just more cuntish - but in Straya, the amount you pay is based on the amount you earn, and there is a minimum you have to earn that full-time low-wage or part-time workers don't reach.

So the trick is that you just remain poor and homeless forever, and you never have to pay a cent back. Take that, gubment!

The way it works in America is that you borrow whatever amount the school says is tuition and you have to pay it all back. If you go broke and declare bankruptcy and like lose your house and like wipe all your debt clean and shit. Well, you still have to pay back anything owed on student loans or to the IRS. Because fuck yo.... I mean, because the government cares.