Lets discuss the NEW Joe Biden Student Loan Forgiveness – Enjoy! Add me on Instagram: GPStephan
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So what if I was responsible enough and paid off my loan just last year 🤔. Am I going to get a check for 10k?.🤦♂️ stupidest idea ever especially when they paused the loans already.🙄
So essentially, I shouldn’t have worked side jobs while in college because I couldn’t just racked up the loans and gotten them forgiven…. Seems right.
Can I have 10k off my home mortgage forgiven instead then? Fucking obsurd
Another thing is over 70% of the money will be going to people in the top 60% of earners. People who make less and didn’t choose to go to school will be paying for peoples debt who make more than them.
This is the stupidest solution they have come up with….
Great timing right before Nov election.
When you realize that your tax money is BUYING Democratic votes…..
I think it’s horrible that regular people are going to have to pay back this money who never took out any loans who work full time and went to college to get their career which I did as a nurse an RN and I never took out a loan and yeah I was tired a lot but I made it debt free so why should I pay back other people’s money it’s totally wrong and it’s only going to worst in our country’s inflation besides the other people it’s going to you know what about the other people that don’t have student loans what do they get nothing what about people pay back to student loans they get nothing it is wrong wrong
it’s hot garbage. like the potato n chief.
I chose a degree that made me money! The art majors, even though I love art, I knew there wasn’t any money in it unless you teach! This is the same with the gender majors, where’s the money at! I blame colleges, not too mention colleges will increase costs
Our economy is screwed. Let’s go Brandon!
I think we the hard working people should stop letting gov stealing or hard earned money in taxes. We the people should stop paying taxes they just blow it on dumb 💩. All in my opinion .
I already paid back my loans and I approve of this. It would be better to make higher education free but it’s a start.
They’re blowing money like drunk lottery winners.
Yeah and that 10000 will fall under the tax payers
The world has been crazy I’m just gonna hide until … probably forever
My student loans are privately held with Navient so I get no relief. Not fair to those of us that decided to refinance or had no other option but to take out private loans.
True…but it’s not fair to anybody. Period. If it benefited me I would still b able to admit that it’s not fair. I paid off my student loan. Funny how all the people who are benefiting from this can’t admit the truth.
BS. It’s raising tuition for new college students
At least some Americans will benefit from this
He is literally buying votes for democrats, how is it even legal?
yes.
simple a 10k coupon for the 100k college ur going to 🤣
If the gov is going to steal from us to give college students free money, then we should steal from college students
Colleges: “cool, let’s charge an extra $10,000.”
The “it’s not fair to everybody else” is a poor argument. And it shows when you apply it to other cases:
It’s not fair to provide free K-12 education when everybody else has paid for their schooling (at a private school)
It’s not fair to provide social security when other retirees have already saved for retirement.
It’s not fair to provide a universal postal service when other people pay for FedEx and DHL.
It’s not fair to have an Earned Income Tax Credit when there are people who make more than $57,414 in income and $10,000 in investment return.
It’s not fair to fund SNAP, aka food stamps, when everyone else can buy food.
No kidding they’re not universally given, because then that’d defeat the purpose of giving some relief to the people who most need it using funds from the people who least need them. It’s to make the general playing field fairer, so the impacts are more equal.
FJB
Spending all this money and thinking the American tax payer will float it with already inflated costs is insane
Debt isn’t forgiven. Someone is paying for it…such a fuckin scam.
What about future loans? Will those be forgiven too? For people who actually paid their tuition or debt…it’s not fair.
We have paid off should get a REFUND!!!
A sham like the current “government” 🤡
They waste more money on worse
Anyone else know this is total bs and a bandaid for the democrats
In 2020 people sold their votes for $2000. I guess they had to adjust for inflation.
My mortgage identifies as a student loan
The increased cost of goods, fuel, and building materials caused by government spending is already a greater burden than my 10k student loan payment ever was. Really, it’s not even a close race.
So you don’t pay back the debt until you’re earning over a certain amount.
The US is slowly catching up…
As long as people keep voting demonrats into office, the “free” money given out will cause inflation to continue skyrocketing and destroying this country’s economy. The money has to come from somewhere. Yes, from you, the tax payers.
Gotta buy them votes before midterms
It is going to increase the inflation rate the same as the BS inflation bill is going to raise inflation. You can NOT inflate the money supply without causing more inflation… The amount of mental gymnastics that it takes to justify the government’s spending is ludacris
I didn’t go to college because I wanted to be financially responsible. I now feel like my responsibility is being punished.
Loans will just get more expensive now.
Well that’s bullshit.
Just ridiculous.
A theft done by a thief is still going to be theft done by a thief regardless what package you wrap it in.
paid for all my school out of pocket! I’ll take my 10k for not going into debt and putting money into the system!
So I payed my wife’s, 2 sons, and my own off in 20 years. So now I have to pay strangers. Sounds great 🖕🏼
It’s actually 20,000 if you earned a pellgrant
With the welth of information on the internet is college even necessary these days?
It doesn’t adress the root cause of school my father is experied so plz help at money iam in india
Buying votes because come November “The Big Guy” is going to fear impeachment when demonrats get expelled from congress.
If you take a loan you pay it back that’s what a fkn loan is. The world is getting worse and worse
There is no one single root problem for the student loan crisis, but rather many contributing factors. The single biggest issue, however, is that the cost of education has risen far faster than inflation, while the money made by low-income families has risen slower than inflation, resulting in lower wages for the working class as time progresses.
While the CPI (Consumer Price Index, a measure of the change in cost of prices of goods and services) for all items has increased by around 231% since 1980, the CPI for college tuition and fees has increased by about **1199%.** This means that a college education is over five times more expensive today than it was in the 80’s, **AFTER** adjusting for inflation. Meanwhile, the Federal Minimum Wage has actually **DECREASED** since 1980 – when adjusting for inflation, in 1980 it was $10.48 an hour.
The issue is known as academic capitalism: when educational facilities exist as businesses meant to make money, rather than as institutions to give students an education. When this happens to coincide with the dominance of one of the most money-hungry and selfish generations being in positions of power, this leads to every possible penny being squeezed out of a system that should have instead cost the public a small amount of taxation.
Colleges just raised tuition by you guessed it $10,000. This plan is stupid it doesn’t help anyone.
It will raise inflation because they’re just being paid off with tax payer money. Not to mention tuition and other fees will only increase and college will become even more expensive than it already is! This administration is a complete joke.
Doesn’t have the power to do it. He can pause or delay payments, but he does not have the power. That’s not political, it’s the hard facts.
no one will go to college now and they will join the air force and go to space x to be an atospace engineer to be part of the go to mars plan with Elon musk and we will go to Mars and then make life there from what we know here but better
There is no such thing as free money, in the long run, we all end up paying for it.
forgot to mention that this 10k stutend debt will be paid with tax payer money
He just shafted yr economy dumb yanks
Biden sucks
Nobody is moving to blue states
All I know is the only thing that has been proven to cause inflation is the government printing money and nothing else
This is bullshit. How is anyone brought this up still in office?
Come on. It’s not like those people who weren’t paying the loans were saving those money to pay back loans. That’s not money that’s suddenly going to be going back to the economy. But worse than the economic fallout will be the mental one. From now on, there will always be that smidgeon of hope that the government will swoop in and absolve you of your financial responsibilities. I’m sure that’s going to encourage more people to pay their loans in the future.
Lol nah…
Do four years in the military…..GI Bill….no debt.
Do you know when you have had to get the loan by?
Im truck driver that barely finished high school and i wonder if my taxes are going to cover this irresponsability
He can, and does, announce anything he wants to. But it ain’t going to happen. It’s illegal.
Loans were given. Banks will xollect monies owed. From someone (aka taxpayer). No free lunch.
i’m gonna buy a new car when i’m able to pay off my loan with this
Unfair and the wrong way to handle it
They make fun of him for not having forgiven loans yet and complain how he didn’t live up to his promises. But when it actually happened they start shrieking all over again.
As a dad that worked his ass off the make sure my daughter did not have debt coming out of university, no I am not happy. Just a midterm ploy.
I dislike that everyone glosses over that this is for people who got federal student loans… which are much harder to get. Has no effect not payout for those with private student loans
When you such a bad president you gotta pay ppl to not hate you
Buying votes
Paying off the debt of philosophy majors with the money from bricklayer isn’t goi g to help the economy.
The gov needs to stop giving student loans. Allowing idiots and everyone to go to college without the skills is why college increased their prices because anyone and everyone could go to college.
Lol, I’ll believe it when it actually happens until then it’s a fallacy to buy votes for November
Completely illegal, what a great president.
You look like a poor man’s Tom Holland. And that’s a compliment lol
My thoughts: I was unable to get a $1 from FAFSA due to my parents making to much money.(middle class citizens) YET i did not get a dime from them in aid for schooling. I instead had to work my a$$ off and fund my degree ($9k a semester plus roughly $7k/ year housing) does not included food, beer, enjoyment, etc.. This was OUT OF POCKET.
on the contrary. Others had to pay under $1k for the same schooling as the qualified for FAFSA in the form of a pell grant. And now they get rewarded for a grant they do not have to pay back.
To me its a double f@ck from the American system. I actually hope you read the Graham as this is an ongoing crisis in the states.
The breakdown: For me- by the book $60k for schooling.
For someone with parents who lie on income or do not make “enough” $4k for the same school. This other person is real and i am happy for them it still does not sit right in my stomach.
Oh an btw im debt free. A knock at the hard work..
How can you afford so many legos? And I’m in the same situation.
Giving free money alwaya increase inflation, when you print more money without destroying the same amount the value of the dollar decreases which cause inflation. This recession is just going to get worst
uhhh some people think it’s good because of the economic benefits but those of us that don’t have brain worms think it’s good for people to not have to live under crushing debt
The government offered $10,000 to buy an electric car and the car companies immediately raised the price by $10,000. Now the government is offering $10,000 for paying off student loans what do you think is happening next.
it’s robbery under a glorious name, as usual
Money from the government is never free……..
As someone who stands to benefit from almost the full $20k being given to Pell Grant recipients, I think it’s an unfair and stupid decision. Taxpayers who chose not to go to college or who were financially responsible and paid off their loans shouldn’t finance mine. And a lot of people like me don’t need it. During the loan pause I saved up enough to pay all my loans off tomorrow if I wanted. However, I do think it is a little hypocritical for those who supported the PPP loan forgiveness program or the government-financed bailout of large businesses to be so against student loan forgiveness. And I also recognize that a lot of people really struggle with their student loans—and better income based repayment plans seem to me like the better policy choice for that situation. And ultimately any loan forgiveness or loan subsidy overlooks the outrageous cost of college and further incentives schools to charge more. The true solution is to address the root causes of the rising cost of college while giving high schoolers a better financial education so they can decide whether college is the best choice for them.
Good luck get those kids start paying again their student loans, the budget is made and student loan replaced by ONLY FUNNNN
If we’re going to pay for everyone else’s school, then they should at least get rid of all the Bullsh!t courses.
not forgiven. transferred. to the federal deficit.
It’s not making America great, that much I know
It’s, essentially, a way to buy votes. The underlying issue is Sallie Mae. Once the government backed the loans banks and universities achieved pricing power over the consumer. Look at this way. When was it ever possible for an 18 year old with no job, no income, no assets, no experience to be approved for a six figure loan? Never. It’s bad business. Until, Sallie Mae was introduced. You can thank yourself for expanding government powers.
Nobody cared when they were spending money on rent, electric cars and trains nobody wants to ride.
Wanna talk about all the people who get free rent and free food every month?
Who do you think pays for that?
As a blue-collar worker I’m glad I get to pay the student loan debt of my white-collar boss who shows up to work late in his brand new Mercedes sipping a $10 Starbucks.
Bull S@&”
What drug are you on?
Everyone who over worked, saved and sacrificed to pay them back is know truly getting screwed over
Every person who paid it off in the last 12 months should get 10000 back then it’s fair
If college worked then those in student debt would know this 10k is a bad idea and will negatively effect them.
No such thing as free 10k.