Biden cancels 6billion in student debt

#51
#51
VolTull said:
Manly comes from those who had to work their way through school. It's called jealousy.
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I worked during school to help defray the cost, and took out student loans.

When I was done with school, I paid back the loans I took out.
Then I went to graduate school, and took out more loans, and then paid them back.

I’m certainly not interested in paying off other’s loans.
There are also others that never went, I’m pretty sure they’re not interested either.
 
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#52
#52
BigOrangeMojo said:
Because these people qualify under student loan debt forgiveness passed back in 2007 during Bush Presidency....

You don't need SC when you are administering a properly enacted law
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If they qualified under a 2007 law, then why is it necessary for Biden to do anything?
 
#53
#53
Redleg68 said:
If they qualified under a 2007 law, then why is it necessary for Biden to do anything?
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Because our government really sucks in actually updating their records...

That and it does require 10 years of payments to qualify for eligible public employees...
 
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#54
#54
85SugarVol said:
I worked during school to help defray the cost, and took out student loans.

When I was done with school, I paid back the loans I took out.
Then I went to graduate school, and took out more loans, and then paid them back.

I’m certainly not interested in paying off other’s loans.
There are also others that never went, I’m pretty sure they’re not interested either.
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It is insulting to people like you.
 
#56
#56
CagleMtnVol said:
I didn't attend college, why should I have to pay the bills for those that did?
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Its a lot of items that you and I don't participate in or condone that we are on the hook for. You do know that we are $33 trillion in debt right now... right? Did you or your children or your grandchildren sign up for that?

So you petty bedwetters are having a fit about an additional $6 billion going to relieve the debts of other Americans, but have no issue with open borders or $61 billion going to Ukraine, Taiwan and Israel?

If you think student loan debt relief is the final straw, you guys have no idea what is really going on in this country. $6 billion ain't diddly-squat.
 
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#57
#57
Rasputin_Vol said:
Its a lot of items thatv you and I don't participate in or condone that we are on the hook for. You do know that we are $33 trillion in debt right now... right? Did you or your children or your grandchildren sign up for that?

So you petty bedwetters are having a fit about an additional $6 billion going to relieve the debts of other Americans, but have no issue with open borders or $61 billion going to Ukraine, Taiwan and Israel?

If you think student loan debt relief is the final straw, you guys have no idea what is really going on in this country. $6 billion ain't diddly-squat.
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Rasputin_Vol said:
Why are we sending $9 billion to the Palestinans, Israelis, Ukrainians or anyone else when we are $33 trillion in debt and looking down the barrel of another debt ceiling fight in a few weeks?
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#58
#58
just bob said:
So? The "Students" accepted the loan, they need to pay it back. Not me. This isn't hard. A loan is a loan.
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I was poor as hell in college and dumb as a rock. I needed money. They offered money. I took the money. Most of us in the aid lines had no financial understanding at 18 and just saw free money. You just needed money for books, classes, and to live and it flowed like honey.


College system is kind of messed up and has been for decades.
 
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#59
#59
85SugarVol said:
I worked during school to help defray the cost, and took out student loans.

When I was done with school, I paid back the loans I took out.
Then I went to graduate school, and took out more loans, and then paid them back.

I’m certainly not interested in paying off other’s loans.
There are also others that never went, I’m pretty sure they’re not interested either.
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It's all about collectivism. Remember we must do it for the greater good, whatever that is
 
#60
#60
NEO said:
I was poor as hell in college and dumb as a rock. I needed money. They offered money. I took the money. Most of us in the aid lines had no financial understanding at 18 and just saw free money. You just needed money for books, classes, and to live and it flowed like honey.


College system is kind of messed up and has been for decades.
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Colleges have figured out how to get the most money for the government and their students, which is the same
 
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#61
#61
Vol8188 said:
Because they’re intentionally choosing insanely low payments relative to their total loan amount.
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But even income based repayment was partially based on the amount of the loan. I’m skeptical that the “taxpayers are paying for loan forgiveness” is accurate. It reeks of propaganda.

I think “the government is foregoing a profit on some loans and paying for it out of the profit they make on other loans” is likely more accurate description of what is going on here.
 
#62
#62
RockyTop85 said:
But even income based repayment was partially based on the amount of the loan. I’m skeptical that the “taxpayers are paying for loan forgiveness” is accurate. It reeks of propaganda.

I think “the government is foregoing a profit on some loans and paying for it out of the profit they make on other loans” is likely more accurate description of what is going on here.
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Is the .gov actually loaning the money or is the money coming from the private sector with .gov backing/guarantee? A VA loan doesn’t come from the government it comes from a private lender, the government is just guaranteeing the lender will be made whole.
 
#63
#63
hog88 said:
Is the .gov actually loaning the money or is the money coming from the private sector with .gov backing/guarantee? A VA loan doesn’t come from the government it comes from a private lender, the government is just guaranteeing the lender will be made whole.
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I don’t know, but I can see how the terms of an agreement to “make the private lender whole” could leave taxpayers footing the bill for the interest.
 
#64
#64
NEO said:
I was poor as hell in college and dumb as a rock. I needed money. They offered money. I took the money. Most of us in the aid lines had no financial understanding at 18 and just saw free money. You just needed money for books, classes, and to live and it flowed like honey.


College system is kind of messed up and has been for decades.
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Our whole education system is jacked. Credit, loans, the process of purchasing a home, car, etc, all need to be taught before you graduate high school. It starts at home though.
 
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#65
#65
RockyTop85 said:
But even income based repayment was partially based on the amount of the loan. I’m skeptical that the “taxpayers are paying for loan forgiveness” is accurate. It reeks of propaganda.

I think “the government is foregoing a profit on some loans and paying for it out of the profit they make on other loans” is likely more accurate description of what is going on here.
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This could be true with the public service loans maybe?

But if the larger question of mass student loan forgiveness requires Congress to act, would that indicate that the taxpayers are part of the equation?
 
#66
#66
RockyTop85 said:
But even income based repayment was partially based on the amount of the loan. I’m skeptical that the “taxpayers are paying for loan forgiveness” is accurate. It reeks of propaganda.

I think “the government is foregoing a profit on some loans and paying for it out of the profit they make on other loans” is likely more accurate description of what is going on here.
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If I don’t get back to you tonight with my actual loan amount and payment amount, someone bump this and I’ll do so tomorrow morning. I believe it’s roughly 60% I’ll end up paying after ten years
 
#67
#67
RockyTop85 said:
I don’t know, but I can see how the terms of an agreement to “make the private lender whole” could leave taxpayers footing the bill for the interest.
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I don't know where the actually money comes from in the student loans either.
 
#68
#68
hog88 said:
We had both of our kids take out student loans. The deal was when they graduated we paid them off, if they didn't or quit they were on the hook. Both graduated debt free from undergrad, graduate school was on them.
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Thats awesome. If i had it, I would do the same for mine but Marcus doesn't have those kind of funds. If i had put them in public school it would have been possible but we decided to go the other route. Liberty U is much bigger than I thought it was . 48k undergrad students. UTknox is at around 30k in comparison. Its the biggest Christian school in the US. We have been pleased with them so far anyway. Wish it was cheaper obviously but its about the same price as state schools. Hopefully i am still here in 5 years or so when both my kids are out of school, i should actually have some $$$ freed up to do some things and buy myself a luxury or 2.


Rasputin_Vol said:
So using that logic, assume you hold the US govt to the same standard? The US govt is $33 trillion in debt. You grandchildren will be paying that debt.

But it's about the principle, right?
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Yes I do...and yes, it is. If we collectively borrow $$$ then we need to repay it. Even though I did not vote for the majority of the azzholes that run the biggest deficits, and i dont think we should be sending billions and billions of dollars in "foreign aid" to other countries every year when we cannot even pay our own bills. I am still an American...and America owes that money. Responsibility is rarely the easy choice. It takes work and honor....which is why the majority of the little sheitstains in this country never take responsibility for anything. Ever.
 
#69
#69
hog88 said:
We had both of our kids take out student loans. The deal was when they graduated we paid them off, if they didn't or quit they were on the hook. Both graduated debt free from undergrad, graduate school was on them.
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My daughter is seriously looking at veterinary school. We've had a meeting with our current farm and pet vet who is a Tennessee grad. The costs will be heavy. We won't be able to help her. She is likely going to go to UT southern then UT Knox for veterinary school. I think she can travel the 30 minutes to Pulaski and love at home to reduce costs...... But Knoxville is going to be very, very expensive.

I've told her unless she's going to school for a specific reason, law, doctor etc......... Just don't do it, not worth the debt.
 
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#70
#70
KB5252 said:
My daughter is seriously looking at veterinary school. We've had a meeting with our current farm and pet vet who is a Tennessee grad. The costs will be heavy. We won't be able to help her. She is likely going to go to UT southern then UT Knox for veterinary school. I think she can travel the 30 minutes to Pulaski and love at home to reduce costs...... But Knoxville is going to be very, very expensive.

I've told her unless she's going to school for a specific reason, law, doctor etc......... Just don't do it, not worth the debt.
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More school to be a vet than an MD. They have to learn how to treat hundreds of different species with different anatomies rather than just humans. They make really good $$$ though and can have very long careers so paying back student loans wont be a problem. I always thought being a vet would be a great job. Congrats.
 
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#72
#72
marcusluvsvols said:
More school to be a vet than an MD. They have to learn how to treat hundreds of different species with different anatomies rather than just humans. They make really good $$$ though and can have very long careers so paying back student loans wont be a problem. I always thought being a vet would be a great job. Congrats.
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Thank you, we've been very clear about expectations since she was in elementary school. We expect A's & B's because she is capable. She's made one C in her life and she was very upset. My wife and I wanted her to have opportunities we did not get and or didn't take advantage of.

She loves animals and has a heads up on livestock already helping me with the animals on our farm. My vet jokes with me all the time I probably know as much about goats as any vet right out of school does... He's been great to us over the years and have my daughter done really good advice ...It seems like a really good fit for her.
 
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#73
#73
Rasputin_Vol said:
Its a lot of items that you and I don't participate in or condone that we are on the hook for. You do know that we are $33 trillion in debt right now... right? Did you or your children or your grandchildren sign up for that?

So you petty bedwetters are having a fit about an additional $6 billion going to relieve the debts of other Americans, but have no issue with open borders or $61 billion going to Ukraine, Taiwan and Israel?

If you think student loan debt relief is the final straw, you guys have no idea what is really going on in this country. $6 billion ain't diddly-squat.
Click to expand...
Where the F do you get this crap?
 
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