You all missed, this forgiveness was tied to the restarting of loan collection. It was meant to soften the blow because amid the crazy inflation biden was forcing people to pay on loans. Of course it didn’t go through, no one in government actually gave a shit. It was just a distraction to avoid the fallout from the big shit sandwich he was serving up.
I hate the direction the world is going but I’m not going to miss biden, that’s for sure.
“The guy who is no longer in power stops doing the thing he promised to do while in power and can no longer do even if he wanted to. News at 11.”
Also: OMG why is the other guy doing the thing he promised he’d do if he got into power??? I thought he was “just saying things”???
They were never serious about it.
My kids were hyper aware out of high school of the burden of student loan debt and refused to sign on any federal loans. I’m proud they graduated college without debt… they did it sacrificing party time with work time, but they are financially better off because of it.
So many kids now have learned that signing paperwork can mean financial ruin that can’t be bankrupted.
That’s a good thing.
When was that, how much was tuition? Because the average cost of college per year (tuition, fees, and regular daily expenses) in the US is about $38k. Assuming they worked half-time, they’d have to be making about $36/hr to cover that cost.
Personally I took out loans, took extra classes to graduate early, and paid off my loans years early after graduation. Federal loans make sense for most people.
Happy that was actually possible for them. Certainly wasn’t possible for me and probably millions of others.
The secret to be able to do it is responsible budgeting and lying.
All I know is that if IDR is killed off, I’ll have to go into bankruptcy as i don’t have enough for groceries for my family as is. I know the likelihood of getting the stident debt is next to impossible, but i might be able to afford that payment if my cc debt is killed off ($40k) but would still have mortgage, car payment, roof loan payment, and my private student loans as well. I’m just pretty much tapped out. Probably worth more dead than alive, though I’m the bread winner.
There will be a lot of bankruptcies and I can’t see how that benefits the corporations that are expecting loan repayments. It seems like they lose either way, so maybe we should have let them lose without fucking over so many other people.
I sort of hope that happens because then people like me would go in and buy
Quote from a certain U.S. politician on real estate crashes…
Private student loans can be discharged.
You shouldn’t assume you know things you’ve not done before. Student loan relief through bankruptcy is not ‘next to impossible’. Since the new guidelines were drafted for judges about 98% of student debt holders seeking bankruptcy had some or all of their loans discharged.
You should also be aware that not all studen loan debt is equal. The higher requirements for discharge only apply to loans for tuiton specifically. If you got extra in your loans for computers, car, room, board, etc, then those amounts are treated like any other unsecured debt during bankruptcy.
There are articles/guidelines/worksheets that you can find on the Dept of Education and the Consumer Financial Protection Bureau websites to help you get a good idea of how your specific situation is likely to turn out.
Biden: Hey here’s half a trillion dollars back on student loans, a trillion dollars on climate change, unions and manufacturing jobs, and a bunch of other stuff, all paid for by big increases in corporate tax
USA: Yeah but corporations are still doing bad stuff though
USA: We pick Trump
Biden: Alright fuck you then
this is stuff that never would have made it all the way to implementation anyway; with voters shooting off their own feet last month, and some hand-picked maga judges ruling against the policy.
Would it not have been smarter, politically, to push it through to the end and let the GOP take the heat for killing it?
Election promises mean nothing when they all (ALL OF THEM) are in the pockets of the evil rich
Republicans are the only reason this promise wasn’t fulfilled. Biden has been trying again and again to get this through.
“The bad cop is the only reason we’re in this mess. The good cop has been honest and reassuring us that they’re trying their hardest to ensure we get treated fairly.”
Are you stupid or do you straight up just shit post and pay literally no attention to current events? People like you need to start being treated like you are illiterate and an idiot.
Hold up there with the concentration camps officer.
He’s done what he could with the Republicans fighting him every step of the way. Better to spend this last month doing what he can to Trump-proof stuff.
I dont think he was doing what he could. He could have done a lot more.
Hey now, he really needed all those years to mull it over, just to make sure it aged like milk.
Okay, so what is he doing to Trump proof stuff?
Pardoning Hunter and projecting an air of general, but aloof concern.
He could use his “official acts” granted by the Supreme Circus to rid us once and for all of this turbulent turd. But he won’t.
Motherfucker said “Nothing will fundamentally change”
I read that withdrawing the student loans was actually one of the things. If he hadn’t Trump could have used the years long progress to implement his own policies. Now he would have to restart the process over again to make any changes.
He just appointed a bunch of federal judges this week.
He has also just made a new international climate agreement. It can probably be thrown out but it’s another thing that would cause a delay. Nothing is going to make anything Trump proof since he controls 3 branches of government and is immune to crimes. It’s all stall tactics.
Biden is terrible at marketing the stuff he does. He doesn’t do enough and the things he does actually do just gets pushed through without any press. He also publicly shows no fight when things are blocked so it looks like he never even attempted. Still runs things like an old time senator expecting nonbiased journalists to spread the word for him.
Biden is terrible at marketing the stuff he does. He doesn’t do enough and the things he does actually do just gets pushed through without any press. He also publicly shows no fight when things are blocked so it looks like he never even attempted. Still runs things like an old time senator expecting nonbiased journalists to spread the word for him.
Incredibly accurate assessment.
I don’t see that. If he had just nutted up to SCOTUS, pulled a Jackson and just said “well shit, here’s the thing. MY copy of the law says nothing about large-scale forgiveness or loan modification being the purview of Congress, so I’m just gonna have the DoEd go ahead and discharge all those loans. If YOU want to tell them that they still owe that cash, go right on ahead”, I think that would’ve created a HELL of a lot bigger headache had Trump won - now instead of simply having to tell people “well too bad you have to start paying again”, you have to do a LOT more work to notify people that “hey your loans that were forgiven two years ago, we want that money back” and generate a LOT more political ill will in the process.
I thought the supreme Court already ruled on that saying he didn’t have the authority? I remember that the lower courts ordered him to halt and not pay out prior to that, while they had just started accepting applications.
The negotiated rulemaking plan B attempt was different.
It’s all a mess like everything else in Government. Next year is going to bankrupt people when payments have to resume. Then there are tariffs and trade wars and whatever else. Hope we will be ok.
Trying to finally send all the money approved by Congress to Ukraine
Jaaaaaack
Fucking
Shiiiiiiiiit
He pardoned a bunch of rich criminals
ugh i wish
I’m so sick of our financial wellbeing being a pawn for these political asshats to play with…
My loan repayment period was supposed to end in June of this year as part of the service workers repayment plan. I wasn’t even on the SAVE plan and my account has been put into some sort of weird limbo because of all this stupid garbage. My servicer won’t even touch my account. They just keep extending the forbearance on it every time a new judge steps in.
Now Trump’s gonna step in yet again and fuck us all even more…
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I mean… The country spoke… So why bother.
I really don’t like it when people say “The country spoke” like, excuse you, but I didn’t vote for Trump so don’t you dare assume that I did.
71 million people spoke out of the 334.9 million in America. 150 million americans did vote while 90 million didn’t.
I don’t understand your numbers but yeah, I am not exactly happy about how things went down.
335 million is the population, 71 million voted for trump. You can extrapolate with 150 million voters and 90 million that didn’t , there are only 240 million of the US population that are eligible to vote (so near 100 million didn’t even have a chance to voice their opinion).
I’ve looked at the numbers before but can’t remember the specifics but it’s at least in the ball park if my memory serves me right.
edit: grammar
LOL. The absurdity at this rate…
Rules were unfinished - they were trying to rewrite a second version after Republicans kept blocking it in court. The unfinished rules already had republicans threatening to sue about it. Presumably ran out of time to complete it
He’s still looking at other more narrow areas that are less able for Republicans to make BS challenges on
Biden is still pursuing other avenues for debt relief before his term is up. On Friday, his administration announced an additional $4.28 billion in debt relief for 54,900 borrowers in Public Service Loan Forgiveness — a result of ongoing improvements to the program. Despite not being able to pass broad relief, Biden, over the course of his term, has provided relief to nearly 5 million borrowers through changes to various programs.
Trump said he was going to reinstate all the debt anyway.
Do you have a source for that? I’m not sure how one would even go about bringing debt back that has been effectively erased.
You can’t, but that never stopped Trump from saying shit like this. “Mexico will pay for the wall”
I don’t have a source but that is about as Trump as Trump can get.
They didnt vote for him why would he do anything to help. Hes just as spiteful as trump lol.
They didnt vote for him
I know, right? I keep trying to find someone who voted for Joe Biden in November and I haven’t found a single person!
Crazy that hey there has to be at least one around here somewhere.
