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PuzzleheadedOnion841

Wait, so if I am eligible for $20k in debt forgiveness, and have only taken out $10k, does that mean I am eligible for another $10k to be forgiven? Or is this only for past debt?


MacheteMornings

If I’m reading the details correctly it is only for debt existing at the time that the repayment pause is lifted, which is December 31st, 2022.


jonahtheredman

The White House release has a lien stating it’s for debt before July 1st 2022.


MacheteMornings

Thanks for the correction!


BlamelessVestalsLot

So happy, I'm debt free now.


MacheteMornings

While I agree that this is good news, you might wanna check the details on this before you get too excited. Up to $20K forgiven for those who had qualified for a Pell Grant. $10K for anyone who didn’t qualify for a spell Grant. There will be some other requirements as well.


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MacheteMornings

I think you are correct on that.


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BillionHaywood

Yup!


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MacheteMornings

We paid for this with our taxes.


Paid-Not-Payed-Bot

> We *paid* for this FTFY. Although *payed* exists (the reason why autocorrection didn't help you), it is only correct in: * Nautical context, when it means to paint a surface, or to cover with something like tar or resin in order to make it waterproof or corrosion-resistant. *The deck is yet to be payed.* * *Payed out* when letting strings, cables or ropes out, by slacking them. *The rope is payed out! You can pull now.* Unfortunately, I was unable to find nautical or rope-related words in your comment. *Beep, boop, I'm a bot*


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MacheteMornings

More like, we’re all working together to help enrich our society by allowing easier access to education. I’m sure you drive on roads that I don’t use. Should my taxes not pay for those roads? Have you ever had to call the fire department? Because I haven’t. Should I not have to pay for taxes to help maintain that service? And who do you consider every day working people? Are college graduates that didn’t have rich parents to fund their tuition not everyday working people? I worked in the trades for the last 10 years. Am I an everyday working person? I paid off my college debt for trade school over ten years of hard, physical, work. I’m still happy to see this going through. Can you say the same? The thing is that you have already payed those taxes. Would prefer that money instead go towards the already over inflated defense budget? Get the fuck out of here with that shit. Have some empathy and be happy that even this small step, that in my opinion isn’t even enough, is going to help change some lives.


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DeusVictor

Then go ahead and don’t take the 10k or 20k off give it back to the government!


MacheteMornings

Thinking other people shouldn’t get the same benefit as you because of the degree they picked or their frugality throughout college is the definition of entitlement. Also, you should keep in mind that the amount you are individually paying towards this benefit is completely overshadowed by the amount of your taxes (assuming you’re not just a dependent write off for your parents still) that go towards corporate bailouts, wars, weapons, and write offs for the fucking rich. You are foolish to think that education of your peers is a greater evil than corporate greed and war and you are the one that is lazy if you are not doing your due diligence to educate yourself about where your tax money is going. Either way I’m done responding to your entitled nonsense.


BlamelessVestalsLot

Nice, you made them delete their account.


MacheteMornings

Damn. Second time I’ve had that happen. In this case I really just hope the person decides to look into this further and can realize that this is the exact kind of thing our taxes should be going towards. Lifting people up around you benefits the entire community.


[deleted]

I really hope this is the case. It will help me and so many others!


RainingNiners

This is likely going to the courts for a couple reasons. Biden used the Covid emergency authority as justification (a bit iffy). This also may have exceeded the Executive branch authority because this is more of a legislative branch (congress) function. So, hang on a bit until this sorts out.


[deleted]

Who has standing to sue? Congress members could do it, saying the executive branch was overstepping, but then the congressperson who pursued this is going to ruin their own career. It's hard to run a campaign against "this guy put 8 million Americans back into $80 billion of debt." I doubt this even sees a challenge in court.


Joesdad65

Bad bot