Biden doesn't want to fight for 50,000 student loan relief. It's too hard

Dr. Truth

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BGOL Investor
The electoral college decides who the president will be Not the popular vote....

Doesn't matter if the people voted or not, They are not part of the elite factor that brings in the president.
Based on the total votes per candidate of in that state . If a state is majority Blue or red the college will lean that way so yes voting matters .
 

LongLocs85

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Brother, please don't take the following personally and don't get defensive. It is an admirable quality for a man to just admit he may be wrong and reconsider his position rather than continue to argue something just to remain "right" in his eyes.



I think that you are making some inaccurate assumptions. I suspected that you really had no idea what impact Biden's student loan plan had on Black folks and were actually stating your position based on your intuition rather than knowledge. I did use ChatGPT to inquire about the percentage (obviously you didn't know) and the answer was "As of 2022, Black borrowers held approximately 23% of the total student loan debt in the United States." This means that 77% of total student loan debt is held by non black folks. I am sure there are other ideas that can better benefit Black folks.



I do have a question for you and other black folks that are looking for the government to bail them out of their student loan debt. What would be your advice for your children when they graduate from High School?
The ol passive aggressive disclaimer huh... same approach you had with your original question that you did your research on and already had the answer to... Let you tell it... But to your point bruh I didn't know nor did I care to know the % because that's irrelevant to any reason as to why I support the idea of student loan forgiveness... To me this is not a Black or white issue or an issue of political alignment, it's a pretty basic concept... I said this in my earlier post "people choose not to see the economic impact it has on not just the country, but more specifically for Black people/economics..."

My advice to my kids, with or without college, make sure you continue to educate yourself, embrace critical thinking, align yourself to more than one cause, because it's some dumbass people out here who fall for anything, are narrow-minded and will try to bring you down...
Personal responsibility, and duty to yourself, is a right-wing talking point only in a world where we seek to remove all responsibility. I agreed with that, but I have seen what doing so does to people. It ruins lives because you have to go through something to become great.

I also dont begrudge anybody who does not pay a loan if the question is between life and doing so. Thats not really the case for most though is it? In a lot of cases, especially in Atlanta, folks not paying their loans are young women mad about not being where they feel they should be, and mad about not having the life of social media influencers. Even more so when these same women look down on the blue collar brothers who didnt have as much, yet is part of the workforce who contirbutes to make these loans possible. People should simply pay back what they promised to pay back. If they cant, they can get into a public service role for a few years and get it paid off before leaving to do whatever they want.
Bruh let's not reach... I was VERY specific in what I was referring to in regards to the right-wing talking point... If you chose to overlook that then it just validates why this is a dead end conversation for me... Basically your stance is it won't benefit you directly, so you don't support it - acknowledged and I'll move on... I'm not sure what a bummy bitch looking down on a working class man has to do with anything, but I get it gotta make a stretch to make a point... But you got it tho, I'm not up for the back n forth...
 

xxxbishopxxx

Rising Star
BGOL Investor
When I ask the question of "What has Biden done for Black folks?" The only thing that I read/hear is this Student Loan Forgiveness plan. Now lets take your numbers above. Why jump for joy over a plan that is giving $1,300 billion to white folks and $400 billion to us? What is the equity in that? And that is assuming that all things are equal such as the income restrictions, who submits the paperwork, who is approved, etc etc. Instead of a program in which other people are receiving 77% of the benefit, what is your resistance to demanding assistance specifically for us?



Before any of you complain about demanding money specifically for us, please see the money that our government is currently giving to other groups that demand it:

LBGTQ- 2.6 billion

LBGTQ- 5.1 million

LBGTQ- 4.1 billion

JEWS- 454 million

Ukraine- 174.2 billion

Aid to Isreal to continue genocide in middle east- 18 billion since October 7th


That's from a quick google. I'm sure much more has been spent on holocaust survivors, illegal immigrants, asians, and other groups.
 

geechiedan

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BGOL Investor
When I ask the question of "What has Biden done for Black folks?" The only thing that I read/hear is this Student Loan Forgiveness plan. Now lets take your numbers above. Why jump for joy over a plan that is giving $1,300 billion to white folks and $400 billion to us? What is the equity in that? And that is assuming that all things are equal such as the income restrictions, who submits the paperwork, who is approved, etc etc. Instead of a program in which other people are receiving 77% of the benefit, what is your resistance to demanding assistance specifically for us?



Before any of you complain about demanding money specifically for us, please see the money that our government is currently giving to other groups that demand it:

LBGTQ- 2.6 billion

LBGTQ- 5.1 million

LBGTQ- 4.1 billion
U.S. Government Announces Largest-Ever Budget Request, $2.6 Billion, to Advance Gender Equity and Equality Around the World

The Department of Homeland Security announced last week that it had allocated $454.5 million this fiscal year toward the Nonprofit Security Grant Program, which funds security enhancements at houses of worship and religious organizations.

Jewish organizations have historically championed the program, which began in 2005 with an allocation of $25 million and has since grown exponentially. Most of the funding has historically gone to Jewish institutions such as synagogues, day schools, and other religious organizations — a trend that continued this year, according to the Orthodox Union.

The funds are available to all denominations facing credible threats, and in recent years Muslim and Black Christian institutions have applied for funds, often with the guidance of Jewish groups more experienced in the application process.

Ukraine- 174.2 billion
The United States enjoys cordially friendly and strategic relations with independent Ukraine and attaches great importance to the success of Ukraine's transition to a democracy with a flourishing market economy.

Aid to Isreal to continue genocide in middle east- 18 billion since October 7th


That's from a quick google. I'm sure much more has been spent on holocaust survivors, illegal immigrants, asians, and other groups.
Israel's close friendship with the United States has been a linchpin of its foreign policy since the establishment of the state.

Look at those numbers...the demand for reparations is 20 trillion.:hmm::hmm::hmm:
 

illlit

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BGOL Investor
Based on the total votes per candidate of in that state . If a state is majority Blue or red the college will lean that way so yes voting matters .

I guess you don't realize that the electoral college doesn't have to listen to the popular vote of the state (people). There is nothing to make them do that.

They can still vote how they feel like voting.
This is why all the presidents of the past 60 years have been related to each other including Donald Trump.

If you're not family you're not becoming president.

The receipt of proof :
There is no Constitutional provision or federal law that requires electors to vote according to the results of the popular votes in their respective states. However, there are twenty-nine states, including Alabama, which do have laws binding their electors to vote according to the popular vote results.


https://www.sos.alabama.gov › ...PDF
Electoral College Frequently Asked Questions - Alabama Secretary of State
 

ZuluSam

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Platinum Member
I guess you don't realize that the electoral college doesn't have to listen to the popular vote of the state (people). There is nothing to make them do that.

They don’t have to, but they do. Do you have evidence of them not following the popular vote of their state?

There is nothing that makes other branches of government follow the opinions of the Supreme Court either. The Supreme Court does not have an army to make them do that. In Marbury versus Madison, there was an opinion relating to judicial review. Ever since then other branches of government, have subjected themselves to opinions from the Supreme Court. There’s nothing to make them do that.
 

DC_Dude

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BGOL Investor
Biden did a great work on student loan forgiveness.

100% agreed....

Also, just to be clear, people that got their loans forgiven were already paying them. No one that wasn't paying their student loans got any sort of forgiveness....Some people were at the point of paying the interest amount that had accrued and paid off the principal.....

For anyone looking to see research on how student loan forgiveness benefits black students, there is tons of research out there....



If you want to look at this report that I specificially participated in (among others), you can review it here. It's about 22 pages, but gives some insights from black alumni...


“Paying from the Grave”: Historically Black Colleges and Universities (HBCU) Alumni and the Burden of Student Loan Debt
Download the report
November 1, 2022


More than 44 million people in the United States—roughly one in six adults—collectively hold more than $1.6 trillion in federal student loan debt. Although many Americans are burdened by their student loan debt, borrowers who attended Historically Black Colleges and Universities (HBCUs) have been especially hard hit, due to the impacts of systemic racism on wealth accumulation for families and unequal resource distribution among institutions. Carrying student debt makes it difficult for many HBCU graduates to engage in wealth-building activities like purchasing a home or investing for retirement, breaking the promise of a college degree as an “equalizer.”

Extensive research documents the disproportionate impact of student loan debt on Black borrowers, and this debt has been demonstrated to exacerbate the racial wealth gap. In 2021, CRL produced a research paper and documentary that illuminated the heavy debt burdens and financial struggles of Black graduates of HBCUs. This report details additional insights regarding the experiences of HBCU graduates with different student loan repayment programs and student loan servicers. Additionally, this new research analyzes the impact of the payment pause on federal student loans on HBCU alumni’s financial circumstances.

Key findings derived from focus group data, polling data, and publicly available data sources:

Skyrocketing college costs and historic underfunding of HBCUs force a disproportionate share of low-income and first-generation students to take on a huge student debt burden.
Student debt limits career choices and complicates homeownership for HBCU alumni, which contributes to the racial wealth gap.
Student loan repayment program rules and unresponsive servicers are unnecessarily confusing and challenging to navigate.
The pause on student loan payments has provided much-needed relief to borrowers, and ending it will create additional challenges.
 

blackbull1970

The Black Bastard
Platinum Member
Your Student Loan Payments May Go Up In 2025 As Loan Forgiveness Paths Narrow

With mass student debt cancellation initiatives effectively dead on arrival once Trump is sworn in again, the question for many borrowers will largely be what repayment plans will look like. The SAVE plan, a new income-driven repayment program that provided borrowers with lower monthly payments and an interest subsidy, appears destined for elimination — either by the 8th Circuit Court of Appeals in an expected ruling that could be issued at any time, or by a Trump administration repeal (SAVE was established by the Biden administration without direct involvement by Congress, and can be repealed via the same process).

Adam S. Minsky
November 11, 2024


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Student Debt Forgiveness Update: Two More Options Reopening to Borrowers

While Biden's Saving on a Valuable Education (SAVE) plan is in a state of uncertainty as it faces court challenges, two other income-driven repayment plans will open for borrowers next month who want to work their way toward the end of their debt or even full loan forgiveness.

By Suzanne Blake
November 15, 2024


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blackbull1970

The Black Bastard
Platinum Member
What Happens to Student Loans If Trump Shuts Down the Education Department?

The department provides roughly 10% of K-12 funding and enforces federal civil rights in schools. However, it plays a much larger role in financing higher education. Managing approximately $1.5 trillion in student loan debt for over 40 million borrowers, the Education Department represents one of the largest holders of consumer debt in the country.

By: Adam Hardy
Nov 14, 2024


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Madrox

Vaya Con Dio
BGOL Investor

Trump taps Linda McMahon for Education secretary

She has little education experience but is a key player in the president-elect’s orbit.
Linda McMahon speaks during the Republican National Convention.


Linda McMahon, 76, gained prominence as a powerful force in making World Wrestling Entertainment a multibillion-dollar enterprise. | Matt Rourke/AP

By Betsy Woodruff Swan, Natalie Allison and Bianca Quilantan
11/19/2024 08:12 PM EST
Updated: 11/19/2024 09:45 PM EST

President-elect Donald Trump will nominate his transition co-chair Linda McMahon for Education secretary, according to two people familiar with the transition discussions.
 

Non-StopJFK2TAB

Rising Star
Platinum Member
Dem had every opportunity to do it, had President House and Senate.
I’ve been played by chicks in my life. I have had chicks who disappeared for years (years) try to weasel back into my life as if they didn’t just up and fall off the face of the planet. If you have been ever been played, you would have seen the Democratic “I would fuck you, but I’m on my period” routine from a mile away. The guy is a senator from Delaware. For half of a century. The Democratic Party isn’t interested in raising the minimum wage. The Democratic Party is not interesting in fixing the Immigration problem. The pussy didn’t even want to give the entire stimmy check as if folks didn’t vote for him for their check. And ducked the fade at the last minute and tossed the black goof in to protect his win/loss record.
 

DC_Dude

Rising Star
BGOL Investor

Trump taps Linda McMahon for Education secretary

She has little education experience but is a key player in the president-elect’s orbit.
Linda McMahon speaks during the Republican National Convention.


Linda McMahon, 76, gained prominence as a powerful force in making World Wrestling Entertainment a multibillion-dollar enterprise. | Matt Rourke/AP

By Betsy Woodruff Swan, Natalie Allison and Bianca Quilantan
11/19/2024 08:12 PM EST
Updated: 11/19/2024 09:45 PM EST

President-elect Donald Trump will nominate his transition co-chair Linda McMahon for Education secretary, according to two people familiar with the transition discussions.


I’ve been trying to get more information about her to see what her policies are related to education.
This is wild
 

DC_Dude

Rising Star
BGOL Investor
There are some mentions in the article.. a few things I wasn't aware of, good and bad imo
Yeah this was very informative.

This stood out “ She is a strong proponent of expanding the Pell Grant, which is reserved for low-income students, to short-term workforce training programs. And she has expressed an interest in ensuring higher education and the workforce are more aligned.”
 

Madrox

Vaya Con Dio
BGOL Investor
Yeah this was very informative.

This stood out “ She is a strong proponent of expanding the Pell Grant, which is reserved for low-income students, to short-term workforce training programs. And she has expressed an interest in ensuring higher education and the workforce are more aligned.”

And these:

McMahon has criticized college degree requirements for jobs and said “reversing degree inflation is good for workers and good for businesses.” She believes higher education isn’t meeting the needs of employers seeking skilled workers and has advocated for increasing access to career and technical education.

“Our educational system must offer clear and viable pathways to the American Dream aside from four-year degrees,” McMahon wrote in September. “Pretending college is the path for everyone is incredibly outdated.”
 

blackbull1970

The Black Bastard
Platinum Member
7 Things Student Loan Borrowers Should Do Before 2025 As Loan Forgiveness Changes Loom

The fate of several Biden administration-era student debt relief initiatives, such as the new SAVE plan and broad loan cancellation, may be sealed. But the future of other programs, including some popular loan forgiveness programs, is murkier.

Adam S. Minsky
Senior Contributor
November 20, 2024


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US President Joe Biden meets with US [-]
President-elect Donald Trump in the Oval Office of the White House in Washington, DC, on November 13, 2024. Changes could be on the horizon for student loan forgiveness and repayment under a second Trump administration.
 

DC_Dude

Rising Star
BGOL Investor
7 Things Student Loan Borrowers Should Do Before 2025 As Loan Forgiveness Changes Loom

The fate of several Biden administration-era student debt relief initiatives, such as the new SAVE plan and broad loan cancellation, may be sealed. But the future of other programs, including some popular loan forgiveness programs, is murkier.

Adam S. Minsky
Senior Contributor
November 20, 2024


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US President Joe Biden meets with US [-]
President-elect Donald Trump in the Oval Office of the White House in Washington, DC, on November 13, 2024. Changes could be on the horizon for student loan forgiveness and repayment under a second Trump administration.

So fucked up
 

blackbull1970

The Black Bastard
Platinum Member
Student loan servicers are pulling incorrect payments from borrowers' bank accounts, consumer protection bureau says

Lenders often encourage federal student loan borrowers to enroll in automatic payments, offering them a slightly lower interest rate if they do so.

Annie Nova
November 19, 2024

 

OutlawR.O.C.

Rising Star
BGOL Investor
Trump team eyes quick rollback of Biden student debt relief

The move would be the culmination of nearly four years of attacks by GOP lawmakers and attorneys general on Biden’s student debt relief policies.

By MICHAEL STRATFORD
11/26/2024


I'm hoping that they'll be groups that will challenge the Trump administration policies in court just like Biden's regularly were which can hold off whatever they're attempting at least until the mid terms or as close as possible to that time.
 

Da Backshot Champ

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Registered
I'm prepping to write a large check and just get it over with.

Sucks cause that money could have funded my scholarship fund.

Dem had every opportunity to do it, had President House and Senate.
Not with honkeys on the loose! I don't think niggas realize how much money is behind this heritage foundation bullshit.
 

blackbull1970

The Black Bastard
Platinum Member
Congress Considers Law to Increase Student Loan Payments

North Carolina Republican Representative Virginia Foxx introduced the bill this year. If implemented, it would require borrowers to pay back what they owe on a 10-year standard payment and double the Pell grant award for juniors and seniors at college on track to graduate.

By Suzanne Blake
Nov 28, 2024


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U.S. Representative, Virginia Ann Foxx (R-NC)
 
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