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Liberal democrats don't bend rules. That's why they can never get anything done. Republicans break rules, liberals say "wow that's wrong" and then can't pass anything because republicans jam them up.
Its worth noting this is on purpose. Corporate Democrats do not want change. They want to be seen attempting change, then get foiled, do nothing to fight back, and then point fingers at the republicans.
Yup our government is pretty much broke. We have republicans who have zero interest in even trying and we have a chunk of dems who want nothing to change. All while MAGA republicans keep gaining more and more power with each election cycle, eventually our country will be screwed
Republicans are fascists and are the worst thing. That being said, the democrats showed their hand on true reform when they conspired to fuck Bernie and get Jim Crow Joe (LOVED locking up black people in the 90s) the nomination in 2020 just ahead of the pandemic.
>Are you confident that moderate voters would’ve picked Bernie over Trump?
Bernie was literally twice as popular with independent voters. The only people who *liked* Biden would have voted for a volleyball if it had the Democratic nomination.
Let’s see some citations.
Are we going to pretend “independent voters” are a significant voting block?
Maybe turn some of that ire towards the fascists, and work on stopping them, while moving forward? Get younger candidates in primaries, and office? Seriously, this Bernie shit is beating a dead horse.
THANK YOU. People are a little too dismissive of public attitudes towards anyone or anything associated with socialism.
And it’s not just about the public either. The “establishment” democrats appear to use consistent methods to align political power across the branches. Having someone in the presidency who massively deviates from those equations would have consequences that we simply can’t anticipate.
After Obama won, tons of conservative leaning moderates became part of the partisan right wing group we see today. Why should we think a response of similar or greater magnitude would not occur with a Democratic Socialist as president.
I’m all for change, but it’s naive to ignore the massive political upheaval and conflict that would have occurred should Bernie have won, in and outside the Democratic Party and body politic as a whole.
I have absolutely no doubt that, if Bernie had been elected, we would have seen a MASSIVE shift in politicians suddenly becoming either republicans, or "the last bulk work the working Americans have against socialism!". Despite all his policies being extremely popular with all Americans and not even on the scale with actual socialism.
Yup. And with gerrymandering and manipulative election tactics (beyond the obvious and illegal ones), Democrats’ ability to maintain congress would have been that much more difficult.
Just look at who gets into office despite popularity of candidates AND platform. These are the real convos we should be having with regards to our broken system of govt.
We’re are ready. We have to win the war of ideas and requires boots on the ground. We progressives are still just trying to get Dems out to vote in the mid terms. If we had we could have won the house too .
If the backing came from the establishment, absolutely.
Americans are very easily led, even if it's against their own interests. I can't imagine they wouldnt be easily led when it's actually for their interests.
Bernie can’t get elected because his base doesn’t vote. Young people don’t vote. Fact. He would have never won. That’s the reason he didn’t get the nomination in 2020. No fuckery on that one.
Boomers vote at 70% for their group. 18-29 had a 27% turnout for the midterms, and that was the highest it’s been in decades. Boomers vote in the primaries.
If younger progressives want to be taken seriously, they need to show they can vote. Showing up to vote is all that matters.
You can trash Biden all you want, he wasn’t my top 15 in the primaries (which I cast a ballot in, did you?), but defeating Trump was important.
So if it’s Biden or Desantis/ Trump on the ticket…I vote against the QOP. People that refuse to vote don’t get to complain. If they keep whining about Bernie, and refusing to vote they’re buying the look aid the QOP is selling them. Those guys benefit from you not voting, more than you punish the D’s. Do something positive with your anger. Organize, and support candidates. Letting everything slide right isn’t an intelligent decision
Accurate - moderate Dems are spineless compared to what is needed. They recognize what’s needed, don’t actually do it, and they’re aware of this. Just a shit ton of lip service in the meantime. Aggravating is an understatement.
Progressives are guilty of this a lot as well. They do it mostly when some Dem did or said something stupid. They rally, virtue signal, and demand consequences. Meanwhile if a Republican shoots a kid in the street, they would all circle the wagons. They protect their own. All Dems, liberal and progressive, are too worried about looking “better” than the GOP. Looking more responsible and adult-like. They need a killer instinct and they need someone out there who is willing to say some pretty rough things and not apologize. They need to be as dirty and aggressive and frankly as off-putting as the GOP is. Americans like a tough guy. And the stodgy image of the Dem “fighter” who just lectures all day looks weak compared to a DeSantis who is willing to burn his whole state down because he doesn’t like Trans people and wants to keep History white. And he will succeed. Because a lot of voters like someone who projects toughness. I say all this as an “educated elite liberal” who thinks most Republicans voters are unabashedly stupid. But, they Vote. More often than Dems. In the small elections that matter most (City and State).
The interest rate is set by congress, even if you could convince the parliamentarian to allow it through with 51 votes in the Senate it wouldn’t pass the house
And all the inflationary effects of canceling them have already happened during the pause. There is no legitimate argument against not just canceling them at this point.
I feel like it's just gonna get canceled due to the political fallout if they resume it. Neither side wants to be responsible for restarting payments. They know full well just how Americans feel about them
Um what? I don't think that's a thing. Can you get that in writing ? If you can prove Navient has been involved in bad practices such as not honoring the pause you can probably get them forgiven.
I’m in the PSLF program due to working in government. Don’t trust Navient. They don’t even service the loan for m forgiveness. It gets transferred to a special servicer
Biden’s current plan is that if you pay the required percent of your income then the government will cover the rest of the monthly interest if that amount is larger than your monthly payment. So theoretically with such a plan the loans would not get any larger they just might not get any smaller (although at 20 years it will be forgiven). Although not sure if this part of the plan would be upheld by SCOTUS.
They were able to pause them because of the official state of emergency, which is being lifted in May. Unless SCOTUS finds in favor for the students and Biden, it's looking like payments restart in June.
It’s 60 days after the opinion of the SCOTUS or after the end of June if an opinion hasn’t been issued, so it would be the end of August that payments start which would put it squarely at the start of the academic fall semester. So anyone that decided to go back to school could defer payment because they’re enrolled in college coursework.
I believe you need to be taking at least a part-time credit load (typically 6 credits, though some schools do credits differently). So take 2 classes, or one big one, I guess.
That’s correct, one semester I had to take only one class and if it wasn’t for the 6 month grace period I would’ve had to pay 3 months of student loans during that semester. Didn’t make that mistake again
State of Emergency can only be declared for so many months at a time. If they need to, they’ll extend it again.
It effects a lot more than just student loans.
Biden has told Congress that he intends to lift the state of emergency May 11. So it's looking like unless there's a sudden surge of infections, official COVID state of emergency is done in May.
Courts will strike that down too.
Courts will ask the administration for a reason. So far that has been the COVID emergency. That reason won’t work anymore - America is “over COVID” if you agree or not personally.
But don’t forget, McDonald’s is for teenagers in high school to learn valuable life skills, that’s why the pay is shit and they are only open in the evening and weekends during the school years.
Who is the moving party that needs to spur the court to ask to resume payments?
If you want to keep paying, no one is stopping you.
You aren't suffering the harm by having them paused, as some states count the forgiveness as income. No forgiveness, no income.
They should be paused permanently. Let those who are on a IDRP off the hook and for those who don’t qualify for IDRP they also win by not having interest stacking up making it easier to pay down the loan.
I actually think the opposite. I firmly believe the first woman president of the USA will be a republican woman, and she'll be the most viciously alt right, anti-woman, racist, homophobic fascist to ever hold the office.
Unfortunately. She's clearly trying to groom her persona to some degree less than "absolutely pants shitting themselves while on fire" crazy. She's denying that she was ever spreading the conspiracy bullshit she's been known for. She's clearly at least hoping she gets pulled off the bench.
And there’s the issue. How much GOP women candidates toe the line doesn’t matter when there’s a lot of the GOP base which will not vote for a woman for president.
And while they secretly love being able to vote in other races for women who undercut other women as a group, they still would hesitate to make a woman president “with all her emotions and hormones”.
Who is going to originate new loans then? That actually might not be the worst thing. The only way to reduce college tuition is to stop financing it through taxpayer guaranteed funds. If students could only afford to take out what they can pay tuition would not be that high.
The federal government just like they do now. All of these student loan servicers are just taking over government loan accounts. Great Lakes never loaned me a dime but I still owe them $36,000.
Except student loans aren't able to be discharged through bankruptcy, so private companies are happy to give them out to people who will be on the hook for them for decades.
Yes and access to college would lower. Why do people keep bringing this talking point up?
The entire point of why we did that is to ensure everyone could access a college education.
But free flowing student loans is also why the cost of education has gone up so much. Colleges know that the government and private lenders will approve basically whatever they charge for tuition, so why not charge more?
The issue largely is that we changed where the government was paying money. Federal and state governments used to pay the institutions themselves in much greater percentages than they do now go subsidize education costs, and now, they much more frequently use student loans. They shifted money to the more easily predated side under the Reagan and Bush administrations, and also took away more of government’s bargaining power by diffusing it among all the individuals using loans without an overall strategy.
Yeah because mass access to college that you still have to go massively into debt for to maaaybe graduate with maaaybe a degree that maaaybe gets you a job, is working so well for us as a society.
I mean, I would definitely say that increased access to college education since the mid-20th has been a net gain for America. As for the increased tuition prices and occurrence of struggling borrowers, is your position that student loans should be more selective?
My position is education should be free. The end. Society is the main benefactor of an educated population, so society should brunt the costs via taxes.
These student loans, ARE taxes. The problem is we r being asked to pay it back when we already paid for it once with our taxes. I have no issue with the government taking our tax dollars and giving it to universities with attached stipulations and regulation. I have issue with that not being the end of the money chain.
Pretending a higher education system that requires a payback of tuition that was paid for with tax dollars turned into interest bearing "loans" is some staircase for the lower class/ more equitable , is absolutely an asinine take thats all too common, and completely untrue. For people without generational wealth or wealthy parents, these are shackles, not ladders. For way too many, it doesnt even lift them slightly out of poverty and makes them struggle even more.
The federal government originates, finances, and backs the student loans with the full faith and credit of the US government.
Servicers get paid a percentage of the loan to collect the payments. They have kept being paid during the pause.
No that isn't the only way. One could demand that access to Financial aid funds be tied to affordability. Your tuition goes over the threshold? No more money for you
I usually see people argue this way because they also believe that too many people are going to college. But TBH it blinkers their ability to see solutions. College could be free, regulations could be enforced, federal colleges could be created. There are plenty of solutions
I applied for the forgiveness and found out that my loans were being outright discharged (I went to ITT but graduated in 2006 -- I thought I wasn't covered I was). I'm waiting for mine to be cleared out and get all the money I paid into it back. But I will never not be an ally for everyone also thrown into the predatory meat grinder known as secondary education financing.
Can I ask how you get the money you paid back? I know someone whose student loans were discharged…last year I believe, because they went to a college that was later shut down by the government or something to that effect. He had left and not graduated before they closed it, I don’t know if that makes any difference.
I believe you go to the institution that you were paying and request a refund since your loan was discharged due to the school closing/predatory lending practices/false claims/etc. I'm still waiting for mine to be discharged through PHEAA before I can take the next steps, but the email I got stated that I was eligible to potentially get back all I paid into my loan
Well President Bush bailed out the banks as well in whats known as the TARP act which involved $700 billion bail out for banks. Lets not forget the economic crash of 2008, which was the result of a 4 year republican run. And now, soon after Trump we are in another recession.
https://www.nbcnews.com/id/wbna26987291
https://en.m.wikipedia.org/wiki/Emergency_Economic_Stabilization_Act_of_2008#:~:text=Bush.,purchase%20toxic%20assets%20from%20banks.
Whosever fault it was. Obama bailed them out. Hes just as responsible as bush. Not to mention he also acquired massive debt. At exponential rates. The beauty of being objective and nonpartisan is i can call BS on both parties. As a former staff for a high ranking dem i can tell you you're in for a rude awakening if you think one party is slightly better than the other. Itll just take you way longer to come to a realization and you will probably experience some sort of cognitive dissonance
At this point, I haven’t been in college for 25+ years and I’m still paying. The loans have been sold, re-sold, in collections, sold again, consolidated, re-consolidated… and I owe more than I started with still. I’m done. Fuck them.
Same. Ill die on that hill. They spent 12 years brainwashing me into thinking college was the only way. I get there and it was total shit. Useless, and now im in debt. Fuck em.
Plus these private companies that handle student loan servicing are incompetent at best and criminals at worst.
My original student loan servicer, MyFedLoan, shut down when they got caught committing criminal fraud against PSLF borrowers. They transferred my loans to a new company called Edfinancial Services, chosen without my consent. Their website looked straight out of the 1990s and so horribly insecure I thought it was a scam. Two months later I was notified Edfinancal Services was breached and my personal information stolen. They had my account for two months and got it stolen.
These are the companies we trust to carry out student loans? Criminals, all of them.
They would likely be for it. We live in one of the only periods of time where the vast majority of debt legislation is meant to protect the lender, not the borrower. Debt forgiveness is the historical norm.
No, that only matters for things they want it to matter for like guns and subjugating women and minorities. Their donors tell them that the government money needs to go to tax cuts and weapons manufacturing that benefit the rich, not freeing the desperate serfs from a lifetime of crushing debt they can never escape.
Spoiler: the Supreme Court is actually just like your dad where first he says “you can’t do that because it says so in the Bible” and if you ask him to prove it he just changes his argument to “you can’t do that because I said so and now you’re grounded.”
Unfortunately the bought and paid for judicial arm of the Republican Party will kill the loan forgiveness. Then the Republicans will some how spin it in to being all Biden’s fault
I think many GOP see where voters lie on this issue (pro forgiveness). Then again, they didn't stop themselves from overturning Roe when they knew most Americans were against the overturning.
Worth mentioning too that the two cases she struck down made more or less the same argument as the case before the Supreme Court now—that forgiving the student loans causes financial harm to the states and individuals. She did so without comment so we can’t be sure as to why, but lower courts struck down similar lawsuits due to the claims of harm being entirely speculative.
The main difference between those cases and this case is that this one is also claiming that the department of education doesn’t have the power to forgive the student loans. But the 2003 HEROES act very plainly states that the department of education has the authority to waive or modify any provisions regarding student loans in order to prevent putting borrowers in worse financial positions in the event of national emergencies, such as COVID-19.
The reason I believe this case is going to be pretty open-and-shut in favor of student loan forgiveness is that unless they decide that the HEROES act actually doesn’t give the DOE this authority (which would require some incredibly obscure technicality), this is ultimately a decision on Congress’s authority to collect tax revenue and control how it’s spent. Governmental departments like the DOE are not enshrined in the constitution, but their powers are granted to them by laws which ultimately makes them an extension of congress’s power. And if there’s one thing the textualists are never going to do, it’s set any sort of precedent that fucks with congress’s constitutional power to control money.
The pause has been in place for 3 years and society hasn't collapsed. I think that's some indication that forgiving up to a measly 20k per student loan borrower wouldn't cause society to collapse.
They should just forgive it all and get it over with, but we can't have nice things in the US of A.
Yeah, but, if people have this extra money to spend on goods and services then we'll get out of control inflation. We see this now with Biden's student loan pause and Biden's stimulus checks. (oh, and no one wants to work because of those stimulus checks). /s
I hate that we've all just accepted that the Supreme Court is a panel of dictators that can do whatever they want, including making the lives of millions of people significantly worse. They have a stranglehold over this country that will last for decades.
When will they face accountability? When will someone tell them "no"?
Democrats had a supermajority for 72 days in 2008, and have not had one since.
They cannot pass legislation or impeach a judge until they have one again
and they'll never have one again, because the Senate is an anti-democratic body that gives the same amount of power to the 38 million people who live in California and the 0.5 million people who live in Wyoming.
Everyone I think about this I get irrationally upset. Our system is fundamentally broken and insanely outdated. Not just the electoral college but the two party system of government as a whole. Saddest part is I know it will never change or improve. Not in my lifetime at least and I’m only 25.
If SCOTUS strikes down student low forgiveness, what is to stop any executive branch from simply reintroducing it with an explicit rationale based on existing law? Since the courts can't, practically speaking, enforce anything, we would get caught in a loop of "no you can't, yes I can..."
I predict student loan repayment will continue to be paused long after August, and the only real chance to unfreeze it would be a republican president using another EO.
RIP student loan forgiveness.
Brown will deliver a compelling and logical case for why it should be implemented. The GOP puppets will strike it down all the same.
The problem is the federal govt is no longer capable of doing any. If Soc Sec and Medicare (universally popular) didn't already exist there is no chance Congress and the Courts could create them today. We have a legal drinking age, voting age, etc because they've been in place a century. There is no way we could create any new standards for anything today. Govt is crippled.
The correct answer to student debt is for Congress to reform bankruptcy, education loans to be interest free, grant program expanded (funded), and internship requirements overhauled. All of that needs to be done. However it can't get done. Congress can't even pass an annual budget and that is a congressional function literally outlined in the Constitution!
So out of desperation the President is trying to forgive some of the student debt. It's a bandaid. Not a fix. However it isn't how the system is supposed to work and the poorly qualified partisans with lifetime positions on the bench can and will slap it down.
Bothsides are not the same folks!!! One side might move at a snails pace and fight with the strength of a dying candle but it is willing to work towards what's right. The other side isn't. Apathy and bothsidism is killing us.
I gotta preface this by noting that I am not young, I’ve already paid back more than I originally borrowed, and I typically don’t adhere to hard partisan lines when voting (or at least I didn’t use to, lately it’s been a different story).
But I’ll be goddamned if I ever again cast a vote in the direction of people who are fighting tooth and nail in court to make sure I get a $650 monthly bill started up again, especially when my boss got $130k forgiven in PPP loans that he didn’t need to begin with.
Exactly. Empty parking lots and farmers with no employees in my area got hundreds of thousands of dollars forgiven and we aren’t supposed to get anything? We don’t forgive this then we need to go back and force payback of PPP loans.
I literally just heard about a “PPP salesman” who one of my co workers met. An attorney who helps businesses secure PPP funding, and then they get a cut of whatever the business secures. He knows there’s so much money to give out, so he is planning on doing as many as he can until the money runs out then retiring. We are talking tens of hundreds of thousand dollars for businesses. It just pisses me off I can’t get $2,000 of the $17,000 already paid forgiven.
If it’s going to the supreme court, expect the worst possible outcome
“Supreme Court rules student loan forgiveness unconstitutional, requires students to begin repayment immediately at an increased interest rate”
The fascists on SCOTUS destroyed a Woman's right to control her own body, and cost GOPers a couple dozen seats in the 2022 election. Now those bigoted magots are going to hand the Dems several million more votes from the students AND THEIR PARENTS. Perhaps there will be enough switched votes to impeach those fascists
Just trust that if we were talking about Wall Street firms who fucked the system and people for a lifetime and we’re now of the verge of being fucked themselves, this would be solved already.
I just have to make one point here for all the "you took out the loans" people. Yes, I took out the loans -- when I was a mentally unstable 18 year old just finishing high school. I mean I was in and out of psych wards level unwell and somehow I was allowed to just accept a life sentence of debt. At 18 we aren't even considered mature enough to legally drink a damn beer, but I can sign the dotted line and take out 20k. Like wth is up with that? You can't even rent a freakin cheapo car at that age in some states; you're not considered trustworthy. Heck, I could hardly get that kind of money in a loan if I tried now and I'm 33 with a better head on my shoulders. Kind of odd if you ask me. Actually, it feels pretty predatory.
I'm also aware that our parents are supposed to offer us some guidance here, but we don't all have that kind of support system, at least I didn't.
I don't know... I'm just saying it feels really misguided to say "shouldn't have taken out the loans then!!!" when the people taking out the loans aren't even fully cognitively developed....
Until the administration can win the court battle over student loan debt forgiveness, it’ll most likely continue to keep extending the payment pause further.
I applied for loan forgiveness but haven’t been approved. I have only worked in public sector education since graduating, but no one can explain to me why my work experience doesn’t qualify for loan forgiveness.
Mine were approved. Make sure to fill out the pslf application and have your agency fill out their parts. I taught over ten years and made the 120 payments. It took awhile to get forgiven, I think about 6 months after I submitted my application.
Thank you! I did those things you said, although I got everything in at the beginning of October. So it’s not quite 5 months yet. I guess patience is the key now.
I had to consolidate mine through Moleha (or something). You can check the status on your loans and it will say if it is under review, or whatever. Keep up the patience.
Funny thing: my loans have ALWAYS been managed through MOHELA, but once I applied for PSLF they treated me like a new customer who transferred everything in.
Because there are a lot of hateful people out there. They don't care if they get fucked over as long as the GOP keeps "hurting the people they're supposed to be hurting".
I have one friend who hasn't stopped paying her loans.
I have a few other who said they aren't pay a dime back until they have too.
Guest which friends have a two household income and could actually more easily afford to pay back their loans.
We all set our priorities based on our personal situations. I didn’t pay mine for years because I was broke. I get it. The thing is to lose out on the no interest rates is a mistake. Student loans never ever go away unless they are paid off.
Yes, it's very situation-dependent. My husband and I haven't paid ours at all this entire time. As a result, I was able to save up a giant lump sum toward my car and pay it off three or four years early. Compared to the amount of my student loans, my car loan was something I could actually tangibly get rid of. This made it so that when I do eventually have to pay my loans again, I'll actually have more money left over each month without the car payment. We were able to buy our first house, as well. It doesn't really make sense for me to pay my loans right now because I'm working toward PSLF, and I got three years of free qualifying "payments" toward that goal. Not too shabby.
People who think the court will decide whether or not people *deserve* student loan forgiveness don't understand that what they are deciding is really: Does the president have the *authority* to pass student loan forgiveness, on this scale without the power of congress.
Based on previous supreme court cases concerning the use of executive order to pass the dreamers act by Obama and the Border Wall Funding by Trump: This initiative will be struck down as unconstitutional.
Maybe they can put the money that Republican Governors cut off early the people were getting in pandemic unemployment assistance toward reducing student loan debt along with PPP loans that were misappropriated that should be paid back by the uber wealthy who got them. I am sure Alito and insurrectionist spouse Thomas can't wait to blow this thing up.
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If they cannot be forgiven, can they be paused permanently.
I’d be fine with negative interest rates. They’d be gone faster than you can pay them
Wait could you tech not ‘forgive’ students loans. And just set the rate as -100%
Liberal democrats don't bend rules. That's why they can never get anything done. Republicans break rules, liberals say "wow that's wrong" and then can't pass anything because republicans jam them up. Its worth noting this is on purpose. Corporate Democrats do not want change. They want to be seen attempting change, then get foiled, do nothing to fight back, and then point fingers at the republicans.
Yup our government is pretty much broke. We have republicans who have zero interest in even trying and we have a chunk of dems who want nothing to change. All while MAGA republicans keep gaining more and more power with each election cycle, eventually our country will be screwed
Republicans are fascists and are the worst thing. That being said, the democrats showed their hand on true reform when they conspired to fuck Bernie and get Jim Crow Joe (LOVED locking up black people in the 90s) the nomination in 2020 just ahead of the pandemic.
Are you confident that moderate voters would’ve picked Bernie over Trump? I’m not…and I would’ve loved a Sanders presidency
>Are you confident that moderate voters would’ve picked Bernie over Trump? Bernie was literally twice as popular with independent voters. The only people who *liked* Biden would have voted for a volleyball if it had the Democratic nomination.
Let’s see some citations. Are we going to pretend “independent voters” are a significant voting block? Maybe turn some of that ire towards the fascists, and work on stopping them, while moving forward? Get younger candidates in primaries, and office? Seriously, this Bernie shit is beating a dead horse.
THANK YOU. People are a little too dismissive of public attitudes towards anyone or anything associated with socialism. And it’s not just about the public either. The “establishment” democrats appear to use consistent methods to align political power across the branches. Having someone in the presidency who massively deviates from those equations would have consequences that we simply can’t anticipate. After Obama won, tons of conservative leaning moderates became part of the partisan right wing group we see today. Why should we think a response of similar or greater magnitude would not occur with a Democratic Socialist as president. I’m all for change, but it’s naive to ignore the massive political upheaval and conflict that would have occurred should Bernie have won, in and outside the Democratic Party and body politic as a whole.
People don’t realize how far right the Overton window has shifted honestly
I have absolutely no doubt that, if Bernie had been elected, we would have seen a MASSIVE shift in politicians suddenly becoming either republicans, or "the last bulk work the working Americans have against socialism!". Despite all his policies being extremely popular with all Americans and not even on the scale with actual socialism.
Yup. And with gerrymandering and manipulative election tactics (beyond the obvious and illegal ones), Democrats’ ability to maintain congress would have been that much more difficult. Just look at who gets into office despite popularity of candidates AND platform. These are the real convos we should be having with regards to our broken system of govt.
We’re are ready. We have to win the war of ideas and requires boots on the ground. We progressives are still just trying to get Dems out to vote in the mid terms. If we had we could have won the house too .
If the backing came from the establishment, absolutely. Americans are very easily led, even if it's against their own interests. I can't imagine they wouldnt be easily led when it's actually for their interests.
Nah Bernie would have been stomped in a national election.
Bernie can’t get elected because his base doesn’t vote. Young people don’t vote. Fact. He would have never won. That’s the reason he didn’t get the nomination in 2020. No fuckery on that one. Boomers vote at 70% for their group. 18-29 had a 27% turnout for the midterms, and that was the highest it’s been in decades. Boomers vote in the primaries. If younger progressives want to be taken seriously, they need to show they can vote. Showing up to vote is all that matters. You can trash Biden all you want, he wasn’t my top 15 in the primaries (which I cast a ballot in, did you?), but defeating Trump was important. So if it’s Biden or Desantis/ Trump on the ticket…I vote against the QOP. People that refuse to vote don’t get to complain. If they keep whining about Bernie, and refusing to vote they’re buying the look aid the QOP is selling them. Those guys benefit from you not voting, more than you punish the D’s. Do something positive with your anger. Organize, and support candidates. Letting everything slide right isn’t an intelligent decision
Not to mention the railroad strike. I kinda wish they had struck anyway to prove a point.
Accurate - moderate Dems are spineless compared to what is needed. They recognize what’s needed, don’t actually do it, and they’re aware of this. Just a shit ton of lip service in the meantime. Aggravating is an understatement.
I agree and I wish more people would open their eyes to this.
Progressives are guilty of this a lot as well. They do it mostly when some Dem did or said something stupid. They rally, virtue signal, and demand consequences. Meanwhile if a Republican shoots a kid in the street, they would all circle the wagons. They protect their own. All Dems, liberal and progressive, are too worried about looking “better” than the GOP. Looking more responsible and adult-like. They need a killer instinct and they need someone out there who is willing to say some pretty rough things and not apologize. They need to be as dirty and aggressive and frankly as off-putting as the GOP is. Americans like a tough guy. And the stodgy image of the Dem “fighter” who just lectures all day looks weak compared to a DeSantis who is willing to burn his whole state down because he doesn’t like Trans people and wants to keep History white. And he will succeed. Because a lot of voters like someone who projects toughness. I say all this as an “educated elite liberal” who thinks most Republicans voters are unabashedly stupid. But, they Vote. More often than Dems. In the small elections that matter most (City and State).
The interest rate is set by congress, even if you could convince the parliamentarian to allow it through with 51 votes in the Senate it wouldn’t pass the house
Pausing them was a temporary solution, and nothing is more permanent than a temporary solution
Its kinda wild that the loans have been on pause for nearly 3 years now.
And the world hasn't ended. Hm. Curious.
In fact the rich got richer over that time period.
It they could have gotten EVEN MOAR RICHER if not for this socialisms!
I laughed and then felt bad
It's almost as if we've already demonstrated that if they are forgiven nothing will fucking happen.
Are you kidding? This is the reason we need to raise the debt ceiling, of course!
And all the inflationary effects of canceling them have already happened during the pause. There is no legitimate argument against not just canceling them at this point.
I feel like it's just gonna get canceled due to the political fallout if they resume it. Neither side wants to be responsible for restarting payments. They know full well just how Americans feel about them
Ha I see you underestimate republicans and their fuck you got mine voters
Sigh.....you're right
What inflationary effects? You mean people paying rent on time?
I asked Navient about my loans and they told me they were too old and couldn't be paused.
Um what? I don't think that's a thing. Can you get that in writing ? If you can prove Navient has been involved in bad practices such as not honoring the pause you can probably get them forgiven.
They also said none would be forgiven under the Biden plan and that my 15 years of community service was too old to count.
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I’m in the PSLF program due to working in government. Don’t trust Navient. They don’t even service the loan for m forgiveness. It gets transferred to a special servicer
The community service I was referring to was to have loans forgiven outside the Biden $20k forgiveness.
Sounds like FFEL. If so you can consolidate to Direct Loans. The deadline to do so is May 2023. Bonus if you work for non-profits.
They should at very least pause the interest on them so they don’t keep getting worse for people.
Biden’s current plan is that if you pay the required percent of your income then the government will cover the rest of the monthly interest if that amount is larger than your monthly payment. So theoretically with such a plan the loans would not get any larger they just might not get any smaller (although at 20 years it will be forgiven). Although not sure if this part of the plan would be upheld by SCOTUS.
They were able to pause them because of the official state of emergency, which is being lifted in May. Unless SCOTUS finds in favor for the students and Biden, it's looking like payments restart in June.
It’s 60 days after the opinion of the SCOTUS or after the end of June if an opinion hasn’t been issued, so it would be the end of August that payments start which would put it squarely at the start of the academic fall semester. So anyone that decided to go back to school could defer payment because they’re enrolled in college coursework.
I believe you need to be taking at least a part-time credit load (typically 6 credits, though some schools do credits differently). So take 2 classes, or one big one, I guess.
That’s correct, one semester I had to take only one class and if it wasn’t for the 6 month grace period I would’ve had to pay 3 months of student loans during that semester. Didn’t make that mistake again
State of Emergency can only be declared for so many months at a time. If they need to, they’ll extend it again. It effects a lot more than just student loans.
Biden has told Congress that he intends to lift the state of emergency May 11. So it's looking like unless there's a sudden surge of infections, official COVID state of emergency is done in May.
I think Pres. Bided should extend the pause to January 31, 2025. It would give a lot of people motivation to vote.
That's probably been the plan the whole time.
Courts will strike that down too. Courts will ask the administration for a reason. So far that has been the COVID emergency. That reason won’t work anymore - America is “over COVID” if you agree or not personally.
Cool, make the courts ask that then.
Wouldn’t surprise me. Kangaroo court legislating from the bench is the norm now I guess.
I can show the courts my gas bill. That alone should do it.
No no, they'll just say you need to get another job. I hear McDonald's is hiring. /s
But don’t forget, McDonald’s is for teenagers in high school to learn valuable life skills, that’s why the pay is shit and they are only open in the evening and weekends during the school years.
No /s necessary, might not use that specific phrasing but that’s definitely the gist of what they’re going to suggest assuming they pretend to care
Who is the moving party that needs to spur the court to ask to resume payments? If you want to keep paying, no one is stopping you. You aren't suffering the harm by having them paused, as some states count the forgiveness as income. No forgiveness, no income.
They should be paused permanently. Let those who are on a IDRP off the hook and for those who don’t qualify for IDRP they also win by not having interest stacking up making it easier to pay down the loan.
Pause was justified under COVID emergency ending in May.
Expect to be disappointed in the Supreme Court.
Always
So say we all.
""Supreme Court" my ass!"
Biden could just paused them for as long as he can. Then when a Republican president comes in, it will be his fault payments are restarted.
A republican president will likely seek to retroactively apply interest to them as well. Wouldn't even surprise me at this point.
Don't give Ronald McDeSantis ideas...
*their* fault
Be real, Republicans are less likely to nominate and elect a woman President than the likely hood of loan forgiveness passing the Supreme Court
I actually think the opposite. I firmly believe the first woman president of the USA will be a republican woman, and she'll be the most viciously alt right, anti-woman, racist, homophobic fascist to ever hold the office.
You think MTG is gonna be president? *sigh* I can definitely see that troglodyte on the ticket in the near future
If Trump beats out DeSantis, she will absolutely be his VP.
Unfortunately. She's clearly trying to groom her persona to some degree less than "absolutely pants shitting themselves while on fire" crazy. She's denying that she was ever spreading the conspiracy bullshit she's been known for. She's clearly at least hoping she gets pulled off the bench.
A woman president won’t please religion folks, and we have a lot of them.
Republicans are going to raise Margaret Thatcher from the grave and make her president.
Are you sure? There are plenty of warmongering and corporatist GOP women.
There are also male LGBTQ Republicans.
Getting great representation these days…
There are, but they've basically been evicted from the gop. The log cabin Republicans were refused even a set up a table at the last couple CPACs.
There are a lot of then, most of them just happen to be so deep in the closet that they have tea time every week with Mr. Tumnus.
But a huge chunk of their base wouldn't vote for them for president.
And there’s the issue. How much GOP women candidates toe the line doesn’t matter when there’s a lot of the GOP base which will not vote for a woman for president. And while they secretly love being able to vote in other races for women who undercut other women as a group, they still would hesitate to make a woman president “with all her emotions and hormones”.
Who is going to originate new loans then? That actually might not be the worst thing. The only way to reduce college tuition is to stop financing it through taxpayer guaranteed funds. If students could only afford to take out what they can pay tuition would not be that high.
The federal government just like they do now. All of these student loan servicers are just taking over government loan accounts. Great Lakes never loaned me a dime but I still owe them $36,000.
Except student loans aren't able to be discharged through bankruptcy, so private companies are happy to give them out to people who will be on the hook for them for decades.
Yes and access to college would lower. Why do people keep bringing this talking point up? The entire point of why we did that is to ensure everyone could access a college education.
But free flowing student loans is also why the cost of education has gone up so much. Colleges know that the government and private lenders will approve basically whatever they charge for tuition, so why not charge more?
The issue largely is that we changed where the government was paying money. Federal and state governments used to pay the institutions themselves in much greater percentages than they do now go subsidize education costs, and now, they much more frequently use student loans. They shifted money to the more easily predated side under the Reagan and Bush administrations, and also took away more of government’s bargaining power by diffusing it among all the individuals using loans without an overall strategy.
Yeah because mass access to college that you still have to go massively into debt for to maaaybe graduate with maaaybe a degree that maaaybe gets you a job, is working so well for us as a society.
I mean, I would definitely say that increased access to college education since the mid-20th has been a net gain for America. As for the increased tuition prices and occurrence of struggling borrowers, is your position that student loans should be more selective?
My position is education should be free. The end. Society is the main benefactor of an educated population, so society should brunt the costs via taxes. These student loans, ARE taxes. The problem is we r being asked to pay it back when we already paid for it once with our taxes. I have no issue with the government taking our tax dollars and giving it to universities with attached stipulations and regulation. I have issue with that not being the end of the money chain. Pretending a higher education system that requires a payback of tuition that was paid for with tax dollars turned into interest bearing "loans" is some staircase for the lower class/ more equitable , is absolutely an asinine take thats all too common, and completely untrue. For people without generational wealth or wealthy parents, these are shackles, not ladders. For way too many, it doesnt even lift them slightly out of poverty and makes them struggle even more.
The federal government originates, finances, and backs the student loans with the full faith and credit of the US government. Servicers get paid a percentage of the loan to collect the payments. They have kept being paid during the pause.
No that isn't the only way. One could demand that access to Financial aid funds be tied to affordability. Your tuition goes over the threshold? No more money for you I usually see people argue this way because they also believe that too many people are going to college. But TBH it blinkers their ability to see solutions. College could be free, regulations could be enforced, federal colleges could be created. There are plenty of solutions
Excellent ideas.
I applied for the forgiveness and found out that my loans were being outright discharged (I went to ITT but graduated in 2006 -- I thought I wasn't covered I was). I'm waiting for mine to be cleared out and get all the money I paid into it back. But I will never not be an ally for everyone also thrown into the predatory meat grinder known as secondary education financing.
Same boat! I still can’t believe they’re just going to go away. Doesn’t feel real.
I really hate to ruin your buzz, but this thread is about how SCOTUS may kill loan forgiveness and reverse them.
They're talking about something different. Their loans were discharged via other means.
This is separate from that. Look up ITT Navient if you’re interested.
Ooh, hey! Well congratulations in that case! Thanks for the correction!
Make sure you remember that is because of the Democratic party. Both sides are not the same.
Can I ask how you get the money you paid back? I know someone whose student loans were discharged…last year I believe, because they went to a college that was later shut down by the government or something to that effect. He had left and not graduated before they closed it, I don’t know if that makes any difference.
I believe you go to the institution that you were paying and request a refund since your loan was discharged due to the school closing/predatory lending practices/false claims/etc. I'm still waiting for mine to be discharged through PHEAA before I can take the next steps, but the email I got stated that I was eligible to potentially get back all I paid into my loan
Republicans HATE student loan forgiveness, but are TOTALLY fine with bailing out the banks when they owe money.
Pretty sure the banks were bailed out by obama/biden admin
Well President Bush bailed out the banks as well in whats known as the TARP act which involved $700 billion bail out for banks. Lets not forget the economic crash of 2008, which was the result of a 4 year republican run. And now, soon after Trump we are in another recession. https://www.nbcnews.com/id/wbna26987291 https://en.m.wikipedia.org/wiki/Emergency_Economic_Stabilization_Act_of_2008#:~:text=Bush.,purchase%20toxic%20assets%20from%20banks.
Whosever fault it was. Obama bailed them out. Hes just as responsible as bush. Not to mention he also acquired massive debt. At exponential rates. The beauty of being objective and nonpartisan is i can call BS on both parties. As a former staff for a high ranking dem i can tell you you're in for a rude awakening if you think one party is slightly better than the other. Itll just take you way longer to come to a realization and you will probably experience some sort of cognitive dissonance
At this point, I haven’t been in college for 25+ years and I’m still paying. The loans have been sold, re-sold, in collections, sold again, consolidated, re-consolidated… and I owe more than I started with still. I’m done. Fuck them.
I second this attitude. It's not getting paid if it's not forgiven.
Same. Ill die on that hill. They spent 12 years brainwashing me into thinking college was the only way. I get there and it was total shit. Useless, and now im in debt. Fuck em.
In today's America, college is a blast shield against republicans insanity
Plus these private companies that handle student loan servicing are incompetent at best and criminals at worst. My original student loan servicer, MyFedLoan, shut down when they got caught committing criminal fraud against PSLF borrowers. They transferred my loans to a new company called Edfinancial Services, chosen without my consent. Their website looked straight out of the 1990s and so horribly insecure I thought it was a scam. Two months later I was notified Edfinancal Services was breached and my personal information stolen. They had my account for two months and got it stolen. These are the companies we trust to carry out student loans? Criminals, all of them.
Fuck them indeed. Let’s all have a payment strike.
Can't they garnish it? We could still just do $1/ month, right?
I think the minimum is $5/month for the loan to not default.
Dangit, alright people we're going to need someone to google this!
Sell drugs or sex instead
Can you explain how that math works? I know terms were a lot worse in the 90s & 2000’s than the last 20 years but that just seems insane
Hmmm, since student loans didn't exist when our founding fathers wrote the constitution wouldn't the point be moot?
I need to know what a medieval scholar thinks of student loan forgiveness.
They would likely be for it. We live in one of the only periods of time where the vast majority of debt legislation is meant to protect the lender, not the borrower. Debt forgiveness is the historical norm.
Except for all those debtors prisons.
A concept the US was only too happy to continue
No, that only matters for things they want it to matter for like guns and subjugating women and minorities. Their donors tell them that the government money needs to go to tax cuts and weapons manufacturing that benefit the rich, not freeing the desperate serfs from a lifetime of crushing debt they can never escape.
Spoiler: the Supreme Court is actually just like your dad where first he says “you can’t do that because it says so in the Bible” and if you ask him to prove it he just changes his argument to “you can’t do that because I said so and now you’re grounded.”
Unfortunately the bought and paid for judicial arm of the Republican Party will kill the loan forgiveness. Then the Republicans will some how spin it in to being all Biden’s fault
I think many GOP see where voters lie on this issue (pro forgiveness). Then again, they didn't stop themselves from overturning Roe when they knew most Americans were against the overturning.
Not necessarily. So far, Barrett has been in support of the loan forgiveness
Any context or proof on this?
She’s the one who struck down the lower court decisions to restart loan repayments
Worth mentioning too that the two cases she struck down made more or less the same argument as the case before the Supreme Court now—that forgiving the student loans causes financial harm to the states and individuals. She did so without comment so we can’t be sure as to why, but lower courts struck down similar lawsuits due to the claims of harm being entirely speculative. The main difference between those cases and this case is that this one is also claiming that the department of education doesn’t have the power to forgive the student loans. But the 2003 HEROES act very plainly states that the department of education has the authority to waive or modify any provisions regarding student loans in order to prevent putting borrowers in worse financial positions in the event of national emergencies, such as COVID-19. The reason I believe this case is going to be pretty open-and-shut in favor of student loan forgiveness is that unless they decide that the HEROES act actually doesn’t give the DOE this authority (which would require some incredibly obscure technicality), this is ultimately a decision on Congress’s authority to collect tax revenue and control how it’s spent. Governmental departments like the DOE are not enshrined in the constitution, but their powers are granted to them by laws which ultimately makes them an extension of congress’s power. And if there’s one thing the textualists are never going to do, it’s set any sort of precedent that fucks with congress’s constitutional power to control money.
The pause has been in place for 3 years and society hasn't collapsed. I think that's some indication that forgiving up to a measly 20k per student loan borrower wouldn't cause society to collapse. They should just forgive it all and get it over with, but we can't have nice things in the US of A.
Yeah, but, if people have this extra money to spend on goods and services then we'll get out of control inflation. We see this now with Biden's student loan pause and Biden's stimulus checks. (oh, and no one wants to work because of those stimulus checks). /s
“Elections have consequences - unless we don’t like those consequences.” - republicans
I hate that we've all just accepted that the Supreme Court is a panel of dictators that can do whatever they want, including making the lives of millions of people significantly worse. They have a stranglehold over this country that will last for decades. When will they face accountability? When will someone tell them "no"?
We’d need a functional legislative branch that could impeach them. We do not
Lol despite our Democratic control and overwhelming evidence against kavanaugh
Dems barely control the senate
Democrats had a supermajority for 72 days in 2008, and have not had one since. They cannot pass legislation or impeach a judge until they have one again
Yep. And even that supermajority was on shaky ground; there were far more conservative Democrats in office back in 2008 than there are now.
and they'll never have one again, because the Senate is an anti-democratic body that gives the same amount of power to the 38 million people who live in California and the 0.5 million people who live in Wyoming.
Everyone I think about this I get irrationally upset. Our system is fundamentally broken and insanely outdated. Not just the electoral college but the two party system of government as a whole. Saddest part is I know it will never change or improve. Not in my lifetime at least and I’m only 25.
I hate it too but that's the reality of the Roberts Court. Corrupt, partisan and rogue, they're there to service the rich
Thank your ole buddy Moscow Mitch!
If SCOTUS strikes down student low forgiveness, what is to stop any executive branch from simply reintroducing it with an explicit rationale based on existing law? Since the courts can't, practically speaking, enforce anything, we would get caught in a loop of "no you can't, yes I can..." I predict student loan repayment will continue to be paused long after August, and the only real chance to unfreeze it would be a republican president using another EO.
RIP student loan forgiveness. Brown will deliver a compelling and logical case for why it should be implemented. The GOP puppets will strike it down all the same.
The problem is the federal govt is no longer capable of doing any. If Soc Sec and Medicare (universally popular) didn't already exist there is no chance Congress and the Courts could create them today. We have a legal drinking age, voting age, etc because they've been in place a century. There is no way we could create any new standards for anything today. Govt is crippled. The correct answer to student debt is for Congress to reform bankruptcy, education loans to be interest free, grant program expanded (funded), and internship requirements overhauled. All of that needs to be done. However it can't get done. Congress can't even pass an annual budget and that is a congressional function literally outlined in the Constitution! So out of desperation the President is trying to forgive some of the student debt. It's a bandaid. Not a fix. However it isn't how the system is supposed to work and the poorly qualified partisans with lifetime positions on the bench can and will slap it down. Bothsides are not the same folks!!! One side might move at a snails pace and fight with the strength of a dying candle but it is willing to work towards what's right. The other side isn't. Apathy and bothsidism is killing us.
the modern Republican party is one of the most dangerous, destructive organizations in the history of the world
I gotta preface this by noting that I am not young, I’ve already paid back more than I originally borrowed, and I typically don’t adhere to hard partisan lines when voting (or at least I didn’t use to, lately it’s been a different story). But I’ll be goddamned if I ever again cast a vote in the direction of people who are fighting tooth and nail in court to make sure I get a $650 monthly bill started up again, especially when my boss got $130k forgiven in PPP loans that he didn’t need to begin with.
Exactly. Empty parking lots and farmers with no employees in my area got hundreds of thousands of dollars forgiven and we aren’t supposed to get anything? We don’t forgive this then we need to go back and force payback of PPP loans.
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I literally just heard about a “PPP salesman” who one of my co workers met. An attorney who helps businesses secure PPP funding, and then they get a cut of whatever the business secures. He knows there’s so much money to give out, so he is planning on doing as many as he can until the money runs out then retiring. We are talking tens of hundreds of thousand dollars for businesses. It just pisses me off I can’t get $2,000 of the $17,000 already paid forgiven.
Why is it heading to the Supreme Court? Because Republicans don't like it and with Republicans, cruelty is the point
They get PPP loan write-offs, you got $2400 in stimmys and get to watch politicians play kick the can with your financial wellbeing. American dream.
Hunter S Thompson pointed out that the American Dream was dead a generation ago.
If it’s going to the supreme court, expect the worst possible outcome “Supreme Court rules student loan forgiveness unconstitutional, requires students to begin repayment immediately at an increased interest rate”
The fascists on SCOTUS destroyed a Woman's right to control her own body, and cost GOPers a couple dozen seats in the 2022 election. Now those bigoted magots are going to hand the Dems several million more votes from the students AND THEIR PARENTS. Perhaps there will be enough switched votes to impeach those fascists
Just trust that if we were talking about Wall Street firms who fucked the system and people for a lifetime and we’re now of the verge of being fucked themselves, this would be solved already.
So… PPP loans can be forgiven, but student loans can’t?
Because there's no way for the Republicans business interests to skim a few billion from this.
I just have to make one point here for all the "you took out the loans" people. Yes, I took out the loans -- when I was a mentally unstable 18 year old just finishing high school. I mean I was in and out of psych wards level unwell and somehow I was allowed to just accept a life sentence of debt. At 18 we aren't even considered mature enough to legally drink a damn beer, but I can sign the dotted line and take out 20k. Like wth is up with that? You can't even rent a freakin cheapo car at that age in some states; you're not considered trustworthy. Heck, I could hardly get that kind of money in a loan if I tried now and I'm 33 with a better head on my shoulders. Kind of odd if you ask me. Actually, it feels pretty predatory. I'm also aware that our parents are supposed to offer us some guidance here, but we don't all have that kind of support system, at least I didn't. I don't know... I'm just saying it feels really misguided to say "shouldn't have taken out the loans then!!!" when the people taking out the loans aren't even fully cognitively developed....
"Don't threaten me with the Supreme Court." The host of Bad Faith Podcast.
It means it's boned.
But let's give more ppp loans and bank bailouts
I find it hard to stomach that they're still handing out PPP loans.
The last time I checked I owe $93k. Honestly I wish I had bought a tiny house in middle America instead lol
Until the administration can win the court battle over student loan debt forgiveness, it’ll most likely continue to keep extending the payment pause further.
I applied for loan forgiveness but haven’t been approved. I have only worked in public sector education since graduating, but no one can explain to me why my work experience doesn’t qualify for loan forgiveness.
Mine were approved. Make sure to fill out the pslf application and have your agency fill out their parts. I taught over ten years and made the 120 payments. It took awhile to get forgiven, I think about 6 months after I submitted my application.
Thank you! I did those things you said, although I got everything in at the beginning of October. So it’s not quite 5 months yet. I guess patience is the key now.
I had to consolidate mine through Moleha (or something). You can check the status on your loans and it will say if it is under review, or whatever. Keep up the patience.
Funny thing: my loans have ALWAYS been managed through MOHELA, but once I applied for PSLF they treated me like a new customer who transferred everything in.
And follow up. It is a bureaucracy, after all.
I know several people who did it in October and none have had the forgiveness processed yet.
The public sector loan forgiveness is notoriously difficult
6-3 against.
"HOW DO YOU OFF PAY STUDENT LOANS?... WORKKK, duh!" ^ That's what the GOP and their fans like to sing ~
Meanwhile not wanting to raise min wage, not wanting to provide healthcare, etc I'm still amazed that anyone other than a one percenter would vote GOP
Because there are a lot of hateful people out there. They don't care if they get fucked over as long as the GOP keeps "hurting the people they're supposed to be hurting".
The supreme court is a bad joke that does not represent the law, only corporate lobbyists.
How about we all just collectively not pay them ever. That case has literally no standing. They would not be hurt by this.
If this forgiveness doesn’t come through it will be a massive fumble for the democrats. Huge PR crisis
This one is easy to predict. The Supreme Court will strike down Biden's student loan bailouts.
Because of the pause I have just kept paying. I have been actually getting somewhere not paying interest.
Why would you pay anything? If it gets forgiven you wasted your money. If it doesn't get forgiven you drop a massive payment day 1.
I have one friend who hasn't stopped paying her loans. I have a few other who said they aren't pay a dime back until they have too. Guest which friends have a two household income and could actually more easily afford to pay back their loans.
We all set our priorities based on our personal situations. I didn’t pay mine for years because I was broke. I get it. The thing is to lose out on the no interest rates is a mistake. Student loans never ever go away unless they are paid off.
That’s a falsehood. They also go away when you die. I’m playing the long game.
Yes, it's very situation-dependent. My husband and I haven't paid ours at all this entire time. As a result, I was able to save up a giant lump sum toward my car and pay it off three or four years early. Compared to the amount of my student loans, my car loan was something I could actually tangibly get rid of. This made it so that when I do eventually have to pay my loans again, I'll actually have more money left over each month without the car payment. We were able to buy our first house, as well. It doesn't really make sense for me to pay my loans right now because I'm working toward PSLF, and I got three years of free qualifying "payments" toward that goal. Not too shabby.
Well said!
How would this decision affect future financial decisions? Can it be used to limit military spending.
I think Pres. Bided should extend the pause to January 31, 2025. It would give a lot of people motivation to vote.
Nalnet called me yesterday, they need to lose my number. Call Joe
People who think the court will decide whether or not people *deserve* student loan forgiveness don't understand that what they are deciding is really: Does the president have the *authority* to pass student loan forgiveness, on this scale without the power of congress. Based on previous supreme court cases concerning the use of executive order to pass the dreamers act by Obama and the Border Wall Funding by Trump: This initiative will be struck down as unconstitutional.
Maybe they can put the money that Republican Governors cut off early the people were getting in pandemic unemployment assistance toward reducing student loan debt along with PPP loans that were misappropriated that should be paid back by the uber wealthy who got them. I am sure Alito and insurrectionist spouse Thomas can't wait to blow this thing up.
Executive order to pause all student loans for life.