Biden doesn't want to fight for 50,000 student loan relief. It's too hard
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Hell yeah!!! Congrats homie!
Yes sir!
Reparations Paid in Full
Your credit union is lying to you. It’s not possible to have a 7% interest rate on a 30k car and be at $500 on an 60 month loan. 0% is $500. Unless you’re putting down like 7k then the car is not 30k The math is clear.
.. I called em up just to be sure and it's officially official: shits are discharged. They even said I'm getting a refund lmbaao!
Thank you Biden-Harris
.. and congrats to everyone else in here that got that letter recently.Special thanks to @DC_Dude for the updates, info, and guidance, man. All that helped a ton. Cheers bro-bro ...
.. I called em up just to be sure and it's officially official: shits are discharged. They even said I'm getting a refund lmbaao!
Thank you Biden-Harris
Special thanks to @DC_Dude for the updates, info, and guidance, man. All that helped a ton. Cheers bro-bro ...
Hell YEAH my G!!.. I called em up just to be sure and it's officially official: shits are discharged. They even said I'm getting a refund lmbaao!
Thank you Biden-Harris
Special thanks to @DC_Dude for the updates, info, and guidance, man. All that helped a ton. Cheers bro-bro ...
Congratulations man! Spread the word and share this information with others man.
And you getting a REFUNd! Hahahahahanabahaha!!!!!!!
I’ll take that money and go on a trip or buy more shares of NVIDIA lol (IYKYK) lol
All facts.
Will def keep this going and try to share any information about my journey that may help others. Gotta stay on they (the Government/ them Loansharks) asses about updated account info and making sure we're getting any benefits to be had to smooth out the process.
.. I will say one thing that I was worried about was exactly when they were starting the clock as far as my repayment count. I consolidated a few times over the years, and wasn't sure if they reset my forgiveness clock every time I did so. But they (at least this current administration) must be taking into consideration when you first began repayment in general while reviewing forgiveness eligibility now.
It seems like they're being more liberal with "if it's been 20 years since you graduated or been in repayment you're probably eligible". As they should.
It seems like they're being more liberal with "if it's been 20 years since you graduated or been in repayment you're probably eligible". As they should.
I know this won't happen but if people actually voted Biden on for a second term and if the Democrats were to make gains in the House and Senate we'd probably have a shot at getting far more of us approved for loan forgiveness.
The scary thing is we're so off as a country that Trump being re-elected is a very real possibility and, if he succeeds, considering how big of an issue this has been I can see them giving this the Roe vs. Wade treatment by going above and beyond to not only reverse any possible gains made with student loans but also making it worse by significantly increasing whats paid per month and removing future forgiveness that would have been granted
100%. That’s exactly what will happen.I know this won't happen but if people actually voted Biden on for a second term and if the Democrats were to make gains in the House and Senate we'd probably have a shot at getting far more of us approved for loan forgiveness.
The scary thing is we're so off as a country that Trump being re-elected is a very real possibility and, if he succeeds, considering how big of an issue this has been I can see them giving this the Roe vs. Wade treatment by going above and beyond to not only reverse any possible gains made with student loans but also making it worse by significantly increasing whats paid per month and removing future forgiveness that would have been granted
Hell all of the gains that President BUSH started when he first signed into law the PSLF program in 2007. A republican!
That’s why this new GOP is not like the old.
Student Debt Crisis Would Likely Worsen Under a Second Trump Administration
Explore the potential consequences of a second Trump administration on the student debt crisis and the future of student loan forgiveness.
cepr.net
Student Debt Crisis Would Likely Worsen Under a Second Trump Administration
Explore the potential consequences of a second Trump administration on the student debt crisis and the future of student loan forgiveness.
cepr.net
Student Debt Crisis Would Likely Worsen Under a Second Trump Administration
The crisis of student debt has reached proportions never before seen in the United States. Collectively, students owed $1.6 trillion in federal student loans at the end of 2023. However, that total is slightly lower than it was two years prior, thanks to some proactive actions from the Biden administration. The administration has pursued a variety of policies and initiatives to forgive student debt and ease the process of repayment. These policies have halted a decades-long increase in outstanding student debt, but that increase would likely return under a second Trump administration.Last year, the Heritage Foundation’s Project 2025 released its Mandate for Leadership: The Conservative Promise policy manual. The document provides 900 pages of detailed policy prescriptions for a Republican administration to implement in 2025. The authors include 18 former senior Trump administration staff, scholars from various conservative think tanks, as well as academics with a history of advocating for reduced government involvement. Project 2025 has been endorsedby over 100 prominent conservative organizations. While there is no guarantee that a potential Trump administration would accept the authors’ recommendations, many of the recommendations from the 2016 version of Mandate for Leadership were eventually advanced by the Trump administration.
On student debt relief, the Mandate for Leadership proposals would roll back much of what the Biden administration accomplished for student borrowers and loan-burdened public servants. Indeed, their ideal wish is that “there should be no loan forgiveness.” If the first Trump administration was any indication, a second would work to eliminate the federal tools that could help student borrowers instead of addressing the student debt crisis.
Key Findings
- The Mandate for Leadership recommends an approach to student loans that is profitable to lenders, but more costly to the federal government.
- The authors of the Mandate would like that “there should be no loan forgiveness.”
- The Biden administration attempted to cancel over $400 billion in federal student debt in 2021, but the Supreme Court struck this down last year.
- The Biden administration has found other ways to administer the most student debt forgiveness of any presidential administration.
- The Trump administration demonstrated no interest in easing the burden on student borrowers, and, in fact, supported some policies that harmed student borrowers.
Who is Burdened by Student Debt and Why
The student debt crisis represents a major obstacle to wealth generation for the middle class. Though the possibility of working your way through school was highly feasible in decades past, the skyrocketing cost of higher education means that those wishing to escape financial insecurity with credentialization must increasingly make use of student loans. Figure 1shows that lower-income borrowers are more likely to be behind on their student loan payments. Twenty-five percent of borrowers with family incomes below $25,000 are behind on their student loan payments while only 5 percent of borrowers with incomes of $100,000 or more are in the same situation.While individuals from all racial backgrounds have student loan debt, Black borrowers, especially Black women, are much more likely to be indebted than other borrowers due to the higher need for accreditation and poorer labor market prospects. Figure 2 shows that 57 percent of Black borrowers had at least $25,000 in student loan debt. Forty-five percent of white borrowers had this range of debt. Student debt relief brings significant benefits to groups facing social and economic disadvantages.
Figure 1
Figure 2
Prior to 2010, the student loan system was a public-private mix that was shown to be more costly than if loans were issued directly by the Department of Education. However, the student loan industry and Republicans in Congress did their best to block or stall the transition to government-issued loans. After the 2008 financial crisis had a chilling effect on private companies’ willingness to issue loans, President Obama was able to sign a bill instructing the Department of Education to issue all federal student loans going forward.
Though the government now serves as a direct lender for federal student loans, it continues to use private companies to assist with Income-Driven Repayment (IDR) administration. These private servicers have a documented record of dysfunctional handling of these loans. Some servicers failed to grant forgiveness to millions of borrowers, despite the fact that they had met the 20-year threshold for forgiveness. This had a particularly negative impact on low-income borrowers. The Biden administration has been working to clean up this mess.
What is in the Mandate
Based on the Mandate for Leadership, we can expect a second Trump administration to mobilize against student loan assistance in a variety of ways.The authors of the Mandate want little to no role for the government in managing student debt portfolios. Ultimately, they want the private sector to take over completely, but the more feasible proposal is shifting the federal government’s role from direct lender back to guarantor. As mentioned above, while this approach is profitable to lenders, it is more costly to the federal government. The Mandate’sauthors wish to “completely reverse the student loan federalization” by gradually eliminating the Office of Federal Student Aid (FSA). Distribution of federal loans would then be a private operation, with a new public corporation acting as the monitor.
The Mandate authors wish to phase out all existing Income-Driven Repayment (IDR) plans and replace them with an IDR that would have more narrow eligibility rules. Ideally, the goal is that “there should be no loan forgiveness.” This would remove the possibility of student loan forgiveness for countless individuals who make consistent payments but have no hope of fully paying off the loan.
The section on education reform also features a recommendation that colleges have “skin in the game,” to enforce accountability for the indebtedness of their students. Essentially, a college would be incentivized to keep costs low if it were required to pay penalties when its students default on student loans. This idea once had bipartisan support on the Hill, but many have come to realize that this would likely have adverse effects on institutions that largely admit students from underserved populations, including HBCUs and community colleges. These schools might reduce their admission of low-income students to avoid penalties, an outcome that would sacrifice educational equity. Alternatively, universities that expect to be paying these penalties — because they continue to prioritize enrolling low-income and minority populations — would increase tuition to account for these expected costs. Neither of these options bodes well for the sustainability of accessible higher education. Furthermore, private colleges already invest in their students by funding financial aid programs from their own resources.
None of these proposals represent a solution to the problem, namely, that economically insecure students must indebt themselves to have a chance at securing good jobs. Though student debt relief is not a panacea for this problem, a reduction of the government’s role in helping student borrowers would certainly worsen the issue.
Biden Administration’s Record on Student Debt Relief
With the potential of a new Trump administration dismantling federal student loan forgiveness, it is worth recounting what the Biden administration has done in this area. The administration attempted to cancel over $400 billion in federal student debt in 2021, but the Supreme Court struck this down last year. The Biden administration has pursued alternative means and has administered the most student debt forgiveness of any presidential administration — roughly $153 billion. The administration has canceled student debt for nearly 900,000 public service workers, debt totaling $62.5 billion. The Biden administration has been committed to helping struggling student borrowers.One of the major avenues through which the Biden administration has administered student debt forgiveness is the “borrower defense to repayment” program. This program allows the President to unilaterally cancel debt for student borrowers who were defrauded, typically by for-profit colleges. While it has been successful in eliminating debt for millions of borrowers so far, recent challenges in the courts may halt further use of this program.
The administration is currently working to promote the SAVE plan, championing it as the “most affordable repayment plan ever.” The program would cap monthly payments for borrowers with undergraduate loans at five percent of discretionary income. The SAVE plan would also forgive both balance and fees for low-balance borrowers after 120 monthly payments.
What the Trump Administration Did for Student Borrowers
The first Trump administration showed no sympathy for indebted student borrowers. The borrower defense to repayment program, which protects defrauded borrowers, was left virtually unused. Certain collection agencies had been dismissed by the Obama administration for not providing adequate information to debtors about student loan balances. Within 100 days of Trump’s 2017 swearing-in, the Department of Education reinstated contracts with two of those private collection agencies.Efforts to increase barriers to student debt forgiveness made up a common thread of the Trump administration’s student debt policy. Former Secretary of Education Betsy DeVos made it more difficult for borrowers to pursue forgiveness through the borrower defense to repayment program. In May 2020, Trump vetoeda bipartisan bill to undo that move by DeVos. DeVos was also sued by student borrowers in 2020 for illegally garnishing the wages of borrowers despite a pandemic pause on the practice. Trump’s presidential budgets in 2017 and 2019 called for an elimination of public service debt forgiveness. The administration showed no interest in easing the burden on student borrowers.
Conclusion
The student debt crisis looms large in the political landscape, and for good reason. The crisis affects those who seek economic security but must indebt themselves in the process. While there is a significant need for broader higher-education financing reform, student debt relief is an important approach for improving the financial situation of struggling borrowers who fell victim to an unjust system. The Biden administration has recognized the exigency of this crisis in a way the Trump administration never did. The Mandate for Leadership suggests that a second Trump administration would not pursue student debt forgiveness, allowing the crisis to worsen at the expense of so many struggling Americans.
He calls student loan forgiveness a "vile attack" and yet plans on pardoning all convicted of crimes related to January 6th
He calls student loan forgiveness a "vile attack" and yet plans on pardoning all convicted of crimes related to January 6th
Right. Make it make sense.....Dude talks and my head immediately starts hurting....
It's people who follow him and try to make his gibberish seem logical who make my head hurt.
He doesn't know what he's saying half the time and will forget anything he's said in leass than 5 minutes so I can damn near give him a pass.
But people who follow him blindly and still treat his word as gospel no matter how inconsistent or nonsensical it is are just worthless.
Living in this country right now is like being forced to ride the short bus to school and be in a special ed class just because everyone else is choosing it whether you need them or not.
Bitch ASS NIGGAS
A sign calling for student loan debt relief is seen in front of the Supreme Court as the justices are scheduled to hear oral arguments in two cases involving President Joe Biden's bid to... Purchase Licensing Rights Read more
June 24 (Reuters) - Two federal judges in Kansas and Missouri on Monday sided with several Republican-led states and partially blocked Democratic President Joe Biden's administration from moving forward with a key student debt relief initiative that would cost billions of dollars.
U.S. District Judge Daniel Crabtree in Wichita, Kansas, blocked the U.S. Department of Education from proceeding with parts of a plan set to take effect July 1 designed to lower monthly payments and speed up loan forgiveness for millions of Americans.
He ruled shortly before U.S. District Judge John Ross in St. Louis, Missouri, issued a preliminary injunction barring the department from granting further loan forgiveness under the administration's Saving on a Valuable Education (SAVE) Plan.
The SAVE Plan provides more generous terms than past income-based repayment plans, lowering monthly payments for eligible borrowers and allowing those whose original principal balances were $12,000 or less to have their debt forgiven after 10 years.
Advertisement · Scroll to continue
Biden announced the SAVE Plan in 2022, alongside a separate, broader plan that would have fulfilled a campaign promise by cancelling up to $20,000 in debt for up to 43 million Americans.
That plan would have canceled about $430 billion in debt but was blocked by the conservative-majority U.S. Supreme Court in June 2023 after several Republican-led states challenged it. But the Supreme Court's ruling did not address the SAVE Plan.
Advertisement · Scroll to continue
The White House has said that over 20 million borrowers could benefit from the SAVE plan. The administration in May said that 8 million are already enrolled, including 4.6 million whose monthly payments have been reduced to $0.
But Republican state attorneys general in a pair of lawsuits filed beginning in March argued the rule that created the SAVE Plan was unlawful and the Education Department lacked authority to create it.
Advertisement · Scroll to continue
The administration had estimated the SAVE Plan would cost $156 billion over 10 years. But the states said that estimate assumed the Supreme Court would uphold the broader student debt plan and as a result will now cost $475 billion over a decade.
Eleven states sued in Kansas, though Crabtree earlier this month dismissed eight of their claims while finding that South Carolina, Texas and Alaska "just barely" had legal standing to pursue their case. Six other states had sued in Missouri.
Get weekly news and analysis on the U.S. elections and how it matters to the world with the newsletter On the Campaign Trail. Sign up here.
Reporting by Nate Raymond in Boston; Editing by Leslie Adler and David Gregorio
Our Standards: The Thomson Reuters Trust Principles.
Purchase Licensing Rights
Nate Raymond reports on the federal judiciary and litigation. He can be reached at nate.raymond@thomsonreuters.com.
US judges block parts of key Biden student debt plan
Nate RaymondJune 24, 20246:16 PM EDTUpdated 2 hours ago
A sign calling for student loan debt relief is seen in front of the Supreme Court as the justices are scheduled to hear oral arguments in two cases involving President Joe Biden's bid to... Purchase Licensing Rights Read more
June 24 (Reuters) - Two federal judges in Kansas and Missouri on Monday sided with several Republican-led states and partially blocked Democratic President Joe Biden's administration from moving forward with a key student debt relief initiative that would cost billions of dollars.
U.S. District Judge Daniel Crabtree in Wichita, Kansas, blocked the U.S. Department of Education from proceeding with parts of a plan set to take effect July 1 designed to lower monthly payments and speed up loan forgiveness for millions of Americans.
He ruled shortly before U.S. District Judge John Ross in St. Louis, Missouri, issued a preliminary injunction barring the department from granting further loan forgiveness under the administration's Saving on a Valuable Education (SAVE) Plan.
The SAVE Plan provides more generous terms than past income-based repayment plans, lowering monthly payments for eligible borrowers and allowing those whose original principal balances were $12,000 or less to have their debt forgiven after 10 years.
Advertisement · Scroll to continue
Biden announced the SAVE Plan in 2022, alongside a separate, broader plan that would have fulfilled a campaign promise by cancelling up to $20,000 in debt for up to 43 million Americans.
That plan would have canceled about $430 billion in debt but was blocked by the conservative-majority U.S. Supreme Court in June 2023 after several Republican-led states challenged it. But the Supreme Court's ruling did not address the SAVE Plan.
Advertisement · Scroll to continue
The White House has said that over 20 million borrowers could benefit from the SAVE plan. The administration in May said that 8 million are already enrolled, including 4.6 million whose monthly payments have been reduced to $0.
But Republican state attorneys general in a pair of lawsuits filed beginning in March argued the rule that created the SAVE Plan was unlawful and the Education Department lacked authority to create it.
Advertisement · Scroll to continue
The administration had estimated the SAVE Plan would cost $156 billion over 10 years. But the states said that estimate assumed the Supreme Court would uphold the broader student debt plan and as a result will now cost $475 billion over a decade.
Eleven states sued in Kansas, though Crabtree earlier this month dismissed eight of their claims while finding that South Carolina, Texas and Alaska "just barely" had legal standing to pursue their case. Six other states had sued in Missouri.
Get weekly news and analysis on the U.S. elections and how it matters to the world with the newsletter On the Campaign Trail. Sign up here.
Reporting by Nate Raymond in Boston; Editing by Leslie Adler and David Gregorio
Our Standards: The Thomson Reuters Trust Principles.
Purchase Licensing Rights
Nate Raymond reports on the federal judiciary and litigation. He can be reached at nate.raymond@thomsonreuters.com.
Bitch ASS NIGGAS
US judges block parts of key Biden student debt plan
Nate RaymondJune 24, 20246:16 PM EDTUpdated 2 hours ago
A sign calling for student loan debt relief is seen in front of the Supreme Court as the justices are scheduled to hear oral arguments in two cases involving President Joe Biden's bid to... Purchase Licensing Rights Read more
June 24 (Reuters) - Two federal judges in Kansas and Missouri on Monday sided with several Republican-led states and partially blocked Democratic President Joe Biden's administration from moving forward with a key student debt relief initiative that would cost billions of dollars.
U.S. District Judge Daniel Crabtree in Wichita, Kansas, blocked the U.S. Department of Education from proceeding with parts of a plan set to take effect July 1 designed to lower monthly payments and speed up loan forgiveness for millions of Americans.
He ruled shortly before U.S. District Judge John Ross in St. Louis, Missouri, issued a preliminary injunction barring the department from granting further loan forgiveness under the administration's Saving on a Valuable Education (SAVE) Plan.
The SAVE Plan provides more generous terms than past income-based repayment plans, lowering monthly payments for eligible borrowers and allowing those whose original principal balances were $12,000 or less to have their debt forgiven after 10 years.
Advertisement · Scroll to continue
Biden announced the SAVE Plan in 2022, alongside a separate, broader plan that would have fulfilled a campaign promise by cancelling up to $20,000 in debt for up to 43 million Americans.
That plan would have canceled about $430 billion in debt but was blocked by the conservative-majority U.S. Supreme Court in June 2023 after several Republican-led states challenged it. But the Supreme Court's ruling did not address the SAVE Plan.
Advertisement · Scroll to continue
The White House has said that over 20 million borrowers could benefit from the SAVE plan. The administration in May said that 8 million are already enrolled, including 4.6 million whose monthly payments have been reduced to $0.
But Republican state attorneys general in a pair of lawsuits filed beginning in March argued the rule that created the SAVE Plan was unlawful and the Education Department lacked authority to create it.
Advertisement · Scroll to continue
The administration had estimated the SAVE Plan would cost $156 billion over 10 years. But the states said that estimate assumed the Supreme Court would uphold the broader student debt plan and as a result will now cost $475 billion over a decade.
Eleven states sued in Kansas, though Crabtree earlier this month dismissed eight of their claims while finding that South Carolina, Texas and Alaska "just barely" had legal standing to pursue their case. Six other states had sued in Missouri.
Get weekly news and analysis on the U.S. elections and how it matters to the world with the newsletter On the Campaign Trail. Sign up here.
Reporting by Nate Raymond in Boston; Editing by Leslie Adler and David Gregorio
Our Standards: The Thomson Reuters Trust Principles.
Purchase Licensing Rights
Nate Raymond reports on the federal judiciary and litigation. He can be reached at nate.raymond@thomsonreuters.com.
And just for everyone reading this, the DOJ already is preparing to file an appeal, and this lawsuit only blocked the new parts of the SAVE plan, such as:
• lower minimum payment to 5% of discretionary income
• balances of $12,000 total borrowed or less forgiven after 10 years
Whatever current SAVE plan you have, doesn't seem to be affected.
Edit: Apparently the IDR adjustment wasn't blocked
Bitch ASS NIGGAS
US judges block parts of key Biden student debt plan
Nate RaymondJune 24, 20246:16 PM EDTUpdated 2 hours ago
A sign calling for student loan debt relief is seen in front of the Supreme Court as the justices are scheduled to hear oral arguments in two cases involving President Joe Biden's bid to... Purchase Licensing Rights Read more
June 24 (Reuters) - Two federal judges in Kansas and Missouri on Monday sided with several Republican-led states and partially blocked Democratic President Joe Biden's administration from moving forward with a key student debt relief initiative that would cost billions of dollars.
U.S. District Judge Daniel Crabtree in Wichita, Kansas, blocked the U.S. Department of Education from proceeding with parts of a plan set to take effect July 1 designed to lower monthly payments and speed up loan forgiveness for millions of Americans.
He ruled shortly before U.S. District Judge John Ross in St. Louis, Missouri, issued a preliminary injunction barring the department from granting further loan forgiveness under the administration's Saving on a Valuable Education (SAVE) Plan.
The SAVE Plan provides more generous terms than past income-based repayment plans, lowering monthly payments for eligible borrowers and allowing those whose original principal balances were $12,000 or less to have their debt forgiven after 10 years.
Advertisement · Scroll to continue
Biden announced the SAVE Plan in 2022, alongside a separate, broader plan that would have fulfilled a campaign promise by cancelling up to $20,000 in debt for up to 43 million Americans.
That plan would have canceled about $430 billion in debt but was blocked by the conservative-majority U.S. Supreme Court in June 2023 after several Republican-led states challenged it. But the Supreme Court's ruling did not address the SAVE Plan.
Advertisement · Scroll to continue
The White House has said that over 20 million borrowers could benefit from the SAVE plan. The administration in May said that 8 million are already enrolled, including 4.6 million whose monthly payments have been reduced to $0.
But Republican state attorneys general in a pair of lawsuits filed beginning in March argued the rule that created the SAVE Plan was unlawful and the Education Department lacked authority to create it.
Advertisement · Scroll to continue
The administration had estimated the SAVE Plan would cost $156 billion over 10 years. But the states said that estimate assumed the Supreme Court would uphold the broader student debt plan and as a result will now cost $475 billion over a decade.
Eleven states sued in Kansas, though Crabtree earlier this month dismissed eight of their claims while finding that South Carolina, Texas and Alaska "just barely" had legal standing to pursue their case. Six other states had sued in Missouri.
Get weekly news and analysis on the U.S. elections and how it matters to the world with the newsletter On the Campaign Trail. Sign up here.
Reporting by Nate Raymond in Boston; Editing by Leslie Adler and David Gregorio
Our Standards: The Thomson Reuters Trust Principles.
Purchase Licensing Rights
Nate Raymond reports on the federal judiciary and litigation. He can be reached at nate.raymond@thomsonreuters.com.
I hate these bitches
Yet when it comes to gun control, birth control, etc. it's states rights above all else.
The same logic should be applied to situations like this.
Apparently student loan forgiveness is more dangerous to the country than mass shootings including schools being shot up.
They halted my payments in order to readjust monthly payments using the 5% of discretionary model.
The smart play for the Biden administration IMO would be to again pause payments until this case is resolved via executive order.
This could also gain favor with voters going into November especially since this most likely won't be resolved by then and, as illogical as it is, some voters will figure out a way to blame the Biden administration for this.
Remember this in November.....and remember this when sambos on here try to tell you republicans arent too bad.I hate these bitches
Yet when it comes to gun control, birth control, etc. it's states rights above all else.
The same logic should be applied to situations like this.
Apparently student loan forgiveness is more dangerous to the country than mass shootings including schools being shot up.
Not going to be a problem for me, Trump has no chance of getting my vote.
Trump could pay me 5 million to vote for him and I'd take them money and agree but as soon as I get that voting sheet I still wouldn't vote for gis punk ass.
What's crazy, the SAVE Plan was supposed to start on July 1. Fuck MO And KS.....I hate these bitches
Yet when it comes to gun control, birth control, etc. it's states rights above all else.
The same logic should be applied to situations like this.
Apparently student loan forgiveness is more dangerous to the country than mass shootings including schools being shot up.
Yeah I've seen a few people mention that on twitter and redditt...I think that's the only way to go
Aren't those the states that were accused of mismanaging the student loan payments/funds? Or at least one of them were I believe.
I can't remember the specifics so I can't find it now (only this recent news is showing up) but I'm confident there was something crazy going on with them.
MOEHLA = Show Me you're an asshole state
There’s no other country in the world where young people are saddled with tens/hundreds of thousands of dollars of debt just to go college.
If you are from a poor family, one of the only ways to break the cycle of poverty is to get a college degree and to take out loans to do it. (And don’t get me started on the Republican legislatures that are constantly cutting public funds to colleges & universities, thereby requiring students to take out even more loans to make up the difference.)
What I don’t understand is the glee and joy Republicans get from blocking student loan debt forgiveness for working folks in this country. And then you hear their empty excuses about debt and inflation!
Hell you weren’t worry about debt when Trump passed his massive tax cuts for billionaires and then proceeded to hike up spending!
Where was this fervor and the lawsuits for PPP loan forgiveness for GOP members of congress and wealthy business owners?! Or the bailouts for the banks or the airlines or the auto industry?!
But let there be any forgiveness or relief to working people in this country, folks just trying to improve their lot and obtain the American Dream for themselves and their families and then you get this BS!
Only the lender can forgive a loan. Biden is just making everyone else pay for other people's debt.I hate these bitches
Yet when it comes to gun control, birth control, etc. it's states rights above all else.
The same logic should be applied to situations like this.
Apparently student loan forgiveness is more dangerous to the country than mass shootings including schools being shot up.
so...isnt that what happens when a big bank fails and gets a bail out??????