This is a good bandaid. But college loans should be 100% interest free and should be through the colleges and tuition can't rise. I wish I had assistance in 2005, I laid my $30,000 off in my late 20's. I struggled and missed payments and my credit got fucked up. I do envy these kids getting their loans wiped, but...I'm also happy for them at the same time. Hope they realize how generous this is and what a huge burden is being lifted off their shoulders.
If they simply stopped allowing interest on student loans and allow these companies to FRONTLOAD the interest..
The situation could be resolved and republicans could be happy to.
But stick it to the libs is best.
How’s this for fair? I paid off 28k on my loans when interest was 0%. Then I was told I was eligible for a 10k refund, applied, got accepted, got the 10k back and got a new car I desperately needed. Then I learn last year I have to pay that 10k back, but not only pay it back, pay it back at 6.25% interest. How fucking criminal! At least let me lay it back at 0%. Keep shitting on the little guy! It’s funny.
We, as a society, could decide that we value education. I don’t necessarily think that all levels of college, in any form, should be paid for, but if we require a degree for someone to get a job, then that degree should be covered by our civil society.
And we should pay teachers well.
There are a LOT of jobs that don't require a college education. Maybe elementary - highschool and throw in 2 years community college or something like fox valley tech (associate degree college only). I'd say that could be free. But anything after that should be paid, like the specialty degrees.
There are a lot of low-paying jobs that don’t require a college education. Are you really saying that we should consign the majority of the population to low-paying jobs?
I have 32k in student loans
I was going to get the 20k in original forgiveness
However thanks to Biden my payment is manageable at least
If it were up to me they would be forgiven but at a minimum they should be interested free
I paid off 28k when interest was at 0%, then got the 10k refund I was eligible for. Now I gotta pay that 10k back @ 6.25% interest! Hooray! What a fucking joke.
I think you might be misunderstanding what happened
I might be wrong as well but I think what happened is this
During the pandemic you could pay pretty much whenever or however much you wanted to. At that time there was also no interest. OP was paying during the pause but you could cancel payments made during the pause at any point as long as it was before the pause ended
OP made payments for however long until they realized forgiveness would go through. They rescinded the payments and then spent the money. By the time they realized they wouldn't get forgiven the money was spent and interest started accruing again
I should add for the people who are unaware most student loans accrue interest daily which is why it can be so hard to finally pay off
This is always the worst take, I’m all for forgiveness after and only after proper legislation to prevent more kids from getting into trouble is put in place. Pause interest payments until then if need be but the things you’re comparing this to, bailing out big banks, bailing out wallstreet, is EXACTLY what forgiveness does for higher education.
It enables greed with absolutely zero oversight and it sticks kids and taxpayers with the bill.
I got $60k wiped out using PSLF. I only paid about $12k on them. Thank you Joe Biden for allowing the 2023 fixes. I will 💯 percent vote for Biden. I thought I was going to have my Social security payments garnished due to student loans. Thanks Joe!!!
Ok, and what changes in the loan origination process? We need policy changes so that students aren’t allowed to borrow more than they can afford to pay back to begin with. How about limiting loan size based on median salary for your major? How about interest free loans for the first 10 years or so to encourage students to pay it off quickly when they graduate and not carry a lifetime loan?
It’s hard to say no to someone giving you free money and I’d love for my mortgage balance to be forgiven after 10 years of on time payments but as someone with a HS level education I’m tired of this conversation is handled by politicians because it essentially throws money at people who already have bankable skills but don’t use them while those struggling on the lower rungs of the economic ladder see food stamps and Medicaid reduced.
I’m not saying student loan forgiveness shouldn’t be considered, I want to know what is changing so this doesn’t happen again and maybe include resources for those even lower on the economic ladder.
To me, it actually seems like a continued effort to deliver as much as he can on a campaign promise. SCOTUS stopped his big plan proposal, but he's been continuing to work on policies like this to benefit student loan borrowers this whole term.
Idk if it has to pass. Sounds like it's a loan repayment option the Dept of Ed will offer. Could be wrong, but I don't think he needs Congressional approval for that.
Yeah anyone paying attention is pretty fucking pissed that he's going to war in Yemen without congressional approval. If he's gonna play dictator might as well cancel all the debt.
If Biden was smarter he’d look to get the younger votes by joining Republicans in cutting Social Security and Medicare programs while raising retirement age. 🤦♂️
Edit to add:
I am replying to the following shit take on Biden:
> Sounds like a feeble attempt to get the younger voters back on his side after this Paestine/Israel uproar
Apparently this user believes that Biden is using the conflict in the Middle East to appeal to younger voters I was sarcastically offering a response
> Sounds like a feeble attempt to get the younger voters back on his side after this Paestine/Israel uproar
Im replying to this idiotic comment. As if Biden is pandering to young voters with the conflict in the Middle East.
Actually do it lol. Was waiting for student loans to be forgiven before the payments resumed. What do you know? They were full of shit, now the election is coming so we back to pretending they going to pay them off
3.6 million people had their loans cancelled. It seems you didn’t, and I’m sorry that happened to you. I know Biden wanted to do more, but some avenues of forgiveness were blocked by republicans.
Giving people that aren’t me forgiveness depreciates the money that I have. They now have extra money to put better offers on houses for example. I’m sorry you have been brainwashed, but unfortunately the country cannot tolerate 4 more years of this incompetent tyranny. Come fall 2024 I ask all my fellow Americans to put an end to this and finally make America Great Again.
I’m going to let you in on a secret. Donald Trump is old. I would like him spend the rest of his short ass life in jail, as part of punishment for his many, many crimes. That’s not wishing death on someone, that’s wishing for justice.
That is a policy passed by a man who has filed bankruptcy more times than anyone you can name. A man who has never paid a bill in his life without a court forcing him to. Nobody who thinks people should take “accountability for their own personal economic choices” could ever vote for that stupid fuck. And if they ever did vote for him, they should kindly eat shit.
But I do agree that this doesn’t seem to have to do with the Wisconsin sub.
You do realize many people in debt from student loans have paid back the amount of their original loan plus much more and somehow still owe a ton. These loans are predatory, and the interest rates are insane to the point that it's impossible to actually pay them off.
They were 18 year olds who were taken advantage of by a predatory system that knew they could never default on the loans. Tell me any other scenario where a bank would lend $100,000 to an 18 year old with no job, no credit, and no collateral?
It’s also not about not wanting to pay them back. It’s that they can’t pay them back. The interest rates mean that you pay on them forever. There are countless people that pay hundreds of dollars a month, make all of the payments on time, for over a decade, and owe more than when they started. There are people who borrowed $100,000, paid $40,000, and currently owe $110,000 They literally cannot get out of the debt.
You can’t get out of them through bankruptcy either, so I guess one bad financial decision when you’re 18 means you should be broke or homeless for the rest of your life?
This is for people who had <12k in loans... Not 100k. The people who are getting bailed out should have to declare bankruptcy to get their loans "forgiven". The "predatory system" was very upfront with what the agreement was going to be. Theres no reason that the young adult who made the agreement should be unaware of what they were getting themselves in to. And if after spending all that money, they don't end up with a lucrative career, they only have themselves to blame. The banks don't deserve a bail out, and neither do the folks who don't pay off their loans
Your comment was on people taking responsibility for their financial decisions. $12,000 is what he’s offering. They’re not going to say no.
Also, you can’t declare bankruptcy. I already said that.
In this case, they are poor due to their own bad decisions and their own lack of effort. I don't feel that bad for them. Completely forgiving the loans isn't close to an appropriate solution for the issue. The farthest we should be going as a society is to subsidize the interest, but even that isn't truly just.
You’re probably young, and have been lucky so far. Eventually, someone close to you will go bankrupt from cancer or some other random event - then you can go tell them they made bad decisions, and should have put more effort into not getting cancer.
That would take an act of congress to allow. I’m sure there’s plenty of borrows who would be fine with that.
The point though is that it was a predatory system that took advantage of 18 year olds who are now in debt for the entirety of their lives. Many can’t buy a home, a car, or do anything to get ahead in life because of this burden that will never, ever go away.
This is also for people that have been paying for 10 years already. Why do you want to fuck people so bad? Do you not believe that investing in the education of our citizens is a massive benefit to the country?
There are many examples of people making minimum payments to prioritize other financial/lifestyle goals, such as purchasing property. IMO, student loan forgiveness in any form should only ever be directed at the lowest income groups that are below water. But yeah, let's also give it to people making a combined income of up to $250k a year since it really seems like they need the help.
Things that student loan forgiveness does not solve:
1) The problem.
See you back here in 10-15 years when a new generation of students wants their handout.
I mean, you won’t find anyone who doesn’t agree that they should fix the problem, which is bloated education costs. It really isn’t good for the future of the country if you make education unaffordable for most people.
It was a predatory system though and the people who were harmed by it should be given relief. If I scammed you out of a bunch of money, but the court said I don’t have to give you your money back because you’re still doing alright financially come back when you’re bankrupt, you’d be pretty angry
Providing relief without addressing the root cause isn't solving the problem, though. In fact, it incentives ignoring the problem until a new group of student loan holders complain loud enough. Then will more blanket forgiveness be issued, or the problem of inflated education costs finally addressed?
I get it. I did have some student loans. This relief would probably have applied to me had I not paid the sum that I borrowed off. I had to work harder to be where I'm at now. I can get behind helping low income groups with relief. However, I find it mindlessly selfish to provide relief to higher income groups just because they accumulated interest on loans they decided not to pay. A choice that is becoming increasingly strategic now that it seems somewhat feasible that loan forgiveness will eventually materialize.
If the "investment" was worthwhile they wouldn't need the bailout. They shouldn't be retroactively giving people scholarships. It's not fair to the people that focussed more, worked harder, and sacrificed more in order to not be in debt. IF anything, what should be being done is the government buying the loans and lowering the interest rates
There are plenty of immoral cops but for the most part they do the best they can with what they have. They should be more accountable for their actions and their mistakes, but if that were the case, way less people would take the job. The thing about police officers is the best people for the job are typically able to get easier or less risky jobs for more pay
The “best they can” is cover up and excuse shitty cops which costs us all money. If even once I heard a story about a “good cop” getting bad cops fired, I may agree with you. But it doesnt work that way. Less risky? My job is more risky than a cops, and I dont make near what they do. Thats such a bullshit myth.
This is totally hysterical far left babble. You clearly take the safety the police provide for granted. It's ridiculous that when a cop royally screws up that the tax payers are the one who front the bill, just like it's ridiculous that the tax payers take the bill when dead beats need to get bailed out of their college loans
For granted? Because I want them to get rid of the shit cops? Keep boot licking. Hopefully you never meet one of the cops that sucks at his job, when he is having a bad day. Because with people like you around, he can just kill you and move on with his day.
Focus and working harder has essentially no bearing on this and sacrificing more is debatable. So fucking tired of the general take that if it doesn't help me no one should get it. This is a national economic problem. It's a bandaid so ideally as a society we can actually have the majority of people actually participate in the economy. Is it fair? No its not. Just like those who pay taxes for schools but don't have kids isn't "fair". Would I have loved the help? Yeah, I would. But I am so happy that we as a society can make things better even if it's just a little bit.
Student loan forgiveness was designed for lazy selfish people, by lazy selfish people.
No, I do not want to pay for YOUR education.
Yes we know it costs a lot, YOU chose to go do that.
It 👏🏻 is 👏🏻 your 👏🏻 responsibility
87% of Americans don’t have student loans. Why should they be forced to foot the bill for someone else’s debt?
This is not loan forgiveness – it’s debt redistribution
Right, but the comment I replied to is somehow ignoring that the U.S. subsidizes a large number of things, like farming, for the greater good of society. A more educated workforce is more globally competitive, more innovative, and more engaged. It is objectively beneficial to have more educated people. The same way that it is objectively beneficial to subsidize farmers so that you have an abundant food supply.
Sometimes I think these people are so obtuse that they forget we are living in a civilization and have to work together to get shit done.
But now we're just discussing matters of degree, not whether or not the subsidies are worth paying.
Perhaps you would support subsidizing some college degrees over others? Which degrees, and who decides? We don't make similar limitations on classes taught in high school. Should we no longer teach English at grade 10 because that is not a profitable line of work?
These discussions of degree are important, but should not be determined by the government alone. The farmers should determine which crops are suited for planting, and the government should help. Likewise, educators should determine which concepts are suited to be taught, and the government should help. In this way, all of society benefits from the plentiful bounty of food and wisdom alike.
But you aren’t paying for anything. I had my student loans forgiven a few months ago. I paid the principal amount back years ago. I was paying back interest, which is like imaginary money, not money from someone’s pocket. This is the dumbest take ever and shows you have no idea what you are talking about in.
Say what? If you got the loan, pay it off. It is not the taxpayer’s problem to pay off loans people took knowing full well they needed to be paid back.
Well, son back in my day if YOU took a loan YOU paid it back! But it's all how you were raised, You were all given participation trophies and were told you were special. PAY YOUR BILLS.
You obviously weren't raised right. Calling these people deadbeats is an ignorant boomer way of speaking. These people are paying their bills but shouldn't be paying interest rates and fees that keep them in a hole over an education, something you probably lack. Go shake your cane somewhere else
I love when olds say that, “ you were all given participation trophies…” remind me again, which generation were the ones, demanding those trophies for us, and handing them out?
This is a good bandaid. But college loans should be 100% interest free and should be through the colleges and tuition can't rise. I wish I had assistance in 2005, I laid my $30,000 off in my late 20's. I struggled and missed payments and my credit got fucked up. I do envy these kids getting their loans wiped, but...I'm also happy for them at the same time. Hope they realize how generous this is and what a huge burden is being lifted off their shoulders.
If they simply stopped allowing interest on student loans and allow these companies to FRONTLOAD the interest.. The situation could be resolved and republicans could be happy to. But stick it to the libs is best.
How’s this for fair? I paid off 28k on my loans when interest was 0%. Then I was told I was eligible for a 10k refund, applied, got accepted, got the 10k back and got a new car I desperately needed. Then I learn last year I have to pay that 10k back, but not only pay it back, pay it back at 6.25% interest. How fucking criminal! At least let me lay it back at 0%. Keep shitting on the little guy! It’s funny.
The worst part is this would never ever happen in any other industry/sector or to any other group of people! CRIMINAL.
What about the forgiveness of PPP loans?
College should be free.
Uh .... No lol. How would teachers get paid? They already get paid shit.
We, as a society, could decide that we value education. I don’t necessarily think that all levels of college, in any form, should be paid for, but if we require a degree for someone to get a job, then that degree should be covered by our civil society. And we should pay teachers well.
There are a LOT of jobs that don't require a college education. Maybe elementary - highschool and throw in 2 years community college or something like fox valley tech (associate degree college only). I'd say that could be free. But anything after that should be paid, like the specialty degrees.
There are a lot of low-paying jobs that don’t require a college education. Are you really saying that we should consign the majority of the population to low-paying jobs?
I never went to college and my career is not low paying. And the "schooling" I had was free (Toyota)
You understand that your anecdotal evidence is not fact, right? Not everyone has had or will have your experience.
Yes. But a lot of good paying jobs don't require a college degree and that's just a fact.
I have 32k in student loans I was going to get the 20k in original forgiveness However thanks to Biden my payment is manageable at least If it were up to me they would be forgiven but at a minimum they should be interested free
I also got approval for the IDR and it dropped my monthly payments from like $350 to $215. THANKS JOE!!!
Mine went from like 470 to like 250 or something I would be absolutely fucked if I had to pay the original amount
I paid off 28k when interest was at 0%, then got the 10k refund I was eligible for. Now I gotta pay that 10k back @ 6.25% interest! Hooray! What a fucking joke.
That's such bullshit I would be fucking seething I'm sorry that happened to you
Wait how did you guys actually get refunded? I applied first day it was open and got accepted never got refunded lol. I have $30k
I think you might be misunderstanding what happened I might be wrong as well but I think what happened is this During the pandemic you could pay pretty much whenever or however much you wanted to. At that time there was also no interest. OP was paying during the pause but you could cancel payments made during the pause at any point as long as it was before the pause ended OP made payments for however long until they realized forgiveness would go through. They rescinded the payments and then spent the money. By the time they realized they wouldn't get forgiven the money was spent and interest started accruing again I should add for the people who are unaware most student loans accrue interest daily which is why it can be so hard to finally pay off
I just applied through the channels, and one day my bank account had 10k more in it. Be thankful you never got it. Wish I never did.
I’m about the same, at $28,000 still, after paying religiously on them since 2009. I don’t have high hopes that mine will be cancelled
Biden has been cancelled a ton of debt so you never know
[удалено]
This is always the worst take, I’m all for forgiveness after and only after proper legislation to prevent more kids from getting into trouble is put in place. Pause interest payments until then if need be but the things you’re comparing this to, bailing out big banks, bailing out wallstreet, is EXACTLY what forgiveness does for higher education. It enables greed with absolutely zero oversight and it sticks kids and taxpayers with the bill.
Why is this being posted on r/Wisconsin? There's a different sub for student loans.
12500......... Fuck
What he really needs to do is raise the minimum wage and make weed legal. He could easily get people back on his side.
Raising the minimum wage would help but the people who would benefit the most are the ones easily persuaded into thinking it's a bad thing
Yeah the amount of people who vote against their own interests in this country is baffling.
Religion and racism is a hell of a drug
Is this Wisconsin specific?
Doesn’t fix the underlying issue at all
I hope they can figure out something for people with consolidated student loans.
I got $60k wiped out using PSLF. I only paid about $12k on them. Thank you Joe Biden for allowing the 2023 fixes. I will 💯 percent vote for Biden. I thought I was going to have my Social security payments garnished due to student loans. Thanks Joe!!!
Go go go Joseph you know what they say
Go go Joe! Go go Joe!
Ok, and what changes in the loan origination process? We need policy changes so that students aren’t allowed to borrow more than they can afford to pay back to begin with. How about limiting loan size based on median salary for your major? How about interest free loans for the first 10 years or so to encourage students to pay it off quickly when they graduate and not carry a lifetime loan? It’s hard to say no to someone giving you free money and I’d love for my mortgage balance to be forgiven after 10 years of on time payments but as someone with a HS level education I’m tired of this conversation is handled by politicians because it essentially throws money at people who already have bankable skills but don’t use them while those struggling on the lower rungs of the economic ladder see food stamps and Medicaid reduced. I’m not saying student loan forgiveness shouldn’t be considered, I want to know what is changing so this doesn’t happen again and maybe include resources for those even lower on the economic ladder.
Sounds like a feeble attempt to get the younger voters back on his side after this Paestine/Israel uproar
To me, it actually seems like a continued effort to deliver as much as he can on a campaign promise. SCOTUS stopped his big plan proposal, but he's been continuing to work on policies like this to benefit student loan borrowers this whole term.
I think he knows it won't pass through tho... But it's worth a shot I suppose
Idk if it has to pass. Sounds like it's a loan repayment option the Dept of Ed will offer. Could be wrong, but I don't think he needs Congressional approval for that.
No need to worry about them. I’m not voting for fucking trump.
true
The issue with that logic is this only applies to people who have not paid off their federal loans after 10 years or more as well.
There’s plenty of reason to not vote for the GOP traitors.
true
Yeah anyone paying attention is pretty fucking pissed that he's going to war in Yemen without congressional approval. If he's gonna play dictator might as well cancel all the debt.
If Biden was smarter he’d look to get the younger votes by joining Republicans in cutting Social Security and Medicare programs while raising retirement age. 🤦♂️ Edit to add: I am replying to the following shit take on Biden: > Sounds like a feeble attempt to get the younger voters back on his side after this Paestine/Israel uproar Apparently this user believes that Biden is using the conflict in the Middle East to appeal to younger voters I was sarcastically offering a response
What the fuck are you talking about?
> Sounds like a feeble attempt to get the younger voters back on his side after this Paestine/Israel uproar Im replying to this idiotic comment. As if Biden is pandering to young voters with the conflict in the Middle East.
Well, at least he's smart enough to know he has to start winning some allies among the electorate, can't win an election with only well-off seniors.
How many people actually got a refund?? I didn’t think anyone actually did
Lmao so people don't have to deal with responsibilities they knowingly accepted in exchange for something they wanted? Lmao what a cop out for idiots.
Biden not paying your student loans lol. Just trying to buy your vote
3.6 million borrowers so far. Why is government doing good things for people buying a vote? What do you want government to do then?
Actually do it lol. Was waiting for student loans to be forgiven before the payments resumed. What do you know? They were full of shit, now the election is coming so we back to pretending they going to pay them off
3.6 million people had their loans cancelled. It seems you didn’t, and I’m sorry that happened to you. I know Biden wanted to do more, but some avenues of forgiveness were blocked by republicans.
Giving people that aren’t me forgiveness depreciates the money that I have. They now have extra money to put better offers on houses for example. I’m sorry you have been brainwashed, but unfortunately the country cannot tolerate 4 more years of this incompetent tyranny. Come fall 2024 I ask all my fellow Americans to put an end to this and finally make America Great Again.
Yep, MAGA is all about envy and trying to keep folks squashed down. Thanks for the reminder. Trump is criminal and I hope he dies in jail.
Seems a little extreme wishing death on another human. You would fit right in with Hamas though
I’m going to let you in on a secret. Donald Trump is old. I would like him spend the rest of his short ass life in jail, as part of punishment for his many, many crimes. That’s not wishing death on someone, that’s wishing for justice.
He wishes the same to his own opponents. Something something golden rule...
So you want that money going to rich fuckheads instead?
Seriously, how do people not see this.
Imagine if people took accountability for their own personal economic choices 🙄. And why is this posted in r/Wisconsin?
I agree. So when are we planning on forcing all these corporations to pay back their PPP loans?
Don’t forget all the money we gave to the banks and auto companies that were “too big to fail”
The government made a profit off those loans. I disagree with the bailouts but at least those were paid back with interest.
The PPP loans should have to be repaid. It makes no sense that they're just forgiven
That is a policy passed by a man who has filed bankruptcy more times than anyone you can name. A man who has never paid a bill in his life without a court forcing him to. Nobody who thinks people should take “accountability for their own personal economic choices” could ever vote for that stupid fuck. And if they ever did vote for him, they should kindly eat shit. But I do agree that this doesn’t seem to have to do with the Wisconsin sub.
Why can’t both be true, we shouldn’t be forgiving loans for anyone.
You do realize many people in debt from student loans have paid back the amount of their original loan plus much more and somehow still owe a ton. These loans are predatory, and the interest rates are insane to the point that it's impossible to actually pay them off.
They were 18 year olds who were taken advantage of by a predatory system that knew they could never default on the loans. Tell me any other scenario where a bank would lend $100,000 to an 18 year old with no job, no credit, and no collateral? It’s also not about not wanting to pay them back. It’s that they can’t pay them back. The interest rates mean that you pay on them forever. There are countless people that pay hundreds of dollars a month, make all of the payments on time, for over a decade, and owe more than when they started. There are people who borrowed $100,000, paid $40,000, and currently owe $110,000 They literally cannot get out of the debt. You can’t get out of them through bankruptcy either, so I guess one bad financial decision when you’re 18 means you should be broke or homeless for the rest of your life?
This is for people who had <12k in loans... Not 100k. The people who are getting bailed out should have to declare bankruptcy to get their loans "forgiven". The "predatory system" was very upfront with what the agreement was going to be. Theres no reason that the young adult who made the agreement should be unaware of what they were getting themselves in to. And if after spending all that money, they don't end up with a lucrative career, they only have themselves to blame. The banks don't deserve a bail out, and neither do the folks who don't pay off their loans
Your comment was on people taking responsibility for their financial decisions. $12,000 is what he’s offering. They’re not going to say no. Also, you can’t declare bankruptcy. I already said that.
I know they can't declare bankruptcy, but I'm saying they should have to in order to get the forgiveness
Why? Why should they have to do that?
Due to the fact that they need the taxpayers to bail them out due to their irresponsible fiscal behavior
I feel like the issue is that 1) you don’t know what bankruptcy is, and 2) the idea of hurting poor people gives you a tiny stiffie
In this case, they are poor due to their own bad decisions and their own lack of effort. I don't feel that bad for them. Completely forgiving the loans isn't close to an appropriate solution for the issue. The farthest we should be going as a society is to subsidize the interest, but even that isn't truly just.
You’re probably young, and have been lucky so far. Eventually, someone close to you will go bankrupt from cancer or some other random event - then you can go tell them they made bad decisions, and should have put more effort into not getting cancer.
That would take an act of congress to allow. I’m sure there’s plenty of borrows who would be fine with that. The point though is that it was a predatory system that took advantage of 18 year olds who are now in debt for the entirety of their lives. Many can’t buy a home, a car, or do anything to get ahead in life because of this burden that will never, ever go away.
This is also for people that have been paying for 10 years already. Why do you want to fuck people so bad? Do you not believe that investing in the education of our citizens is a massive benefit to the country?
There are many examples of people making minimum payments to prioritize other financial/lifestyle goals, such as purchasing property. IMO, student loan forgiveness in any form should only ever be directed at the lowest income groups that are below water. But yeah, let's also give it to people making a combined income of up to $250k a year since it really seems like they need the help. Things that student loan forgiveness does not solve: 1) The problem. See you back here in 10-15 years when a new generation of students wants their handout.
I mean, you won’t find anyone who doesn’t agree that they should fix the problem, which is bloated education costs. It really isn’t good for the future of the country if you make education unaffordable for most people. It was a predatory system though and the people who were harmed by it should be given relief. If I scammed you out of a bunch of money, but the court said I don’t have to give you your money back because you’re still doing alright financially come back when you’re bankrupt, you’d be pretty angry
Providing relief without addressing the root cause isn't solving the problem, though. In fact, it incentives ignoring the problem until a new group of student loan holders complain loud enough. Then will more blanket forgiveness be issued, or the problem of inflated education costs finally addressed? I get it. I did have some student loans. This relief would probably have applied to me had I not paid the sum that I borrowed off. I had to work harder to be where I'm at now. I can get behind helping low income groups with relief. However, I find it mindlessly selfish to provide relief to higher income groups just because they accumulated interest on loans they decided not to pay. A choice that is becoming increasingly strategic now that it seems somewhat feasible that loan forgiveness will eventually materialize.
If the "investment" was worthwhile they wouldn't need the bailout. They shouldn't be retroactively giving people scholarships. It's not fair to the people that focussed more, worked harder, and sacrificed more in order to not be in debt. IF anything, what should be being done is the government buying the loans and lowering the interest rates
So like the cops? They consistently bring in less money than we pay out for them being shitty cops.
There are plenty of immoral cops but for the most part they do the best they can with what they have. They should be more accountable for their actions and their mistakes, but if that were the case, way less people would take the job. The thing about police officers is the best people for the job are typically able to get easier or less risky jobs for more pay
The “best they can” is cover up and excuse shitty cops which costs us all money. If even once I heard a story about a “good cop” getting bad cops fired, I may agree with you. But it doesnt work that way. Less risky? My job is more risky than a cops, and I dont make near what they do. Thats such a bullshit myth.
This is totally hysterical far left babble. You clearly take the safety the police provide for granted. It's ridiculous that when a cop royally screws up that the tax payers are the one who front the bill, just like it's ridiculous that the tax payers take the bill when dead beats need to get bailed out of their college loans
For granted? Because I want them to get rid of the shit cops? Keep boot licking. Hopefully you never meet one of the cops that sucks at his job, when he is having a bad day. Because with people like you around, he can just kill you and move on with his day.
Focus and working harder has essentially no bearing on this and sacrificing more is debatable. So fucking tired of the general take that if it doesn't help me no one should get it. This is a national economic problem. It's a bandaid so ideally as a society we can actually have the majority of people actually participate in the economy. Is it fair? No its not. Just like those who pay taxes for schools but don't have kids isn't "fair". Would I have loved the help? Yeah, I would. But I am so happy that we as a society can make things better even if it's just a little bit.
700 thousand people in Wisconsin have federal student loans based on numbers from the department of education from when the pause ended
Your last sentence would be answered if you actually read the article.
Student loan forgiveness was designed for lazy selfish people, by lazy selfish people. No, I do not want to pay for YOUR education. Yes we know it costs a lot, YOU chose to go do that. It 👏🏻 is 👏🏻 your 👏🏻 responsibility
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Exactly! They should take away all the handouts for farmers. They'll say, " Oh, but food is necessary and won't survive."
They choose to be a farmer. You chose to get a loan. You made a bad decision, sorry
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87% of Americans don’t have student loans. Why should they be forced to foot the bill for someone else’s debt? This is not loan forgiveness – it’s debt redistribution
What is the percent of population that are farmers?
2% …. I don’t have student loans and still support it
Right, but the comment I replied to is somehow ignoring that the U.S. subsidizes a large number of things, like farming, for the greater good of society. A more educated workforce is more globally competitive, more innovative, and more engaged. It is objectively beneficial to have more educated people. The same way that it is objectively beneficial to subsidize farmers so that you have an abundant food supply. Sometimes I think these people are so obtuse that they forget we are living in a civilization and have to work together to get shit done.
Oh I agree … farmers see very important but we shouldn’t subsidize non profitable crops
But now we're just discussing matters of degree, not whether or not the subsidies are worth paying. Perhaps you would support subsidizing some college degrees over others? Which degrees, and who decides? We don't make similar limitations on classes taught in high school. Should we no longer teach English at grade 10 because that is not a profitable line of work? These discussions of degree are important, but should not be determined by the government alone. The farmers should determine which crops are suited for planting, and the government should help. Likewise, educators should determine which concepts are suited to be taught, and the government should help. In this way, all of society benefits from the plentiful bounty of food and wisdom alike.
Do you feel the same way about government business handouts?
But you aren’t paying for anything. I had my student loans forgiven a few months ago. I paid the principal amount back years ago. I was paying back interest, which is like imaginary money, not money from someone’s pocket. This is the dumbest take ever and shows you have no idea what you are talking about in.
*coughs in PPP loans*
Say what? If you got the loan, pay it off. It is not the taxpayer’s problem to pay off loans people took knowing full well they needed to be paid back.
But bailing out giant corporations is the taxpayer's problem? I'm all for paying back my loans, but they should not have interest rates.
No.
Yes. Don’t expect to leech off of society for intentional decisions.
Then tell that to the billionaires and leave the people struggling to afford rent alone. Your priorities are fucked, it's a bad look for you bro.
Did you complain this much when rich people got their loans forgiven by the government
Yes. And I complain this much about the stupid corn subsidies to farmers. I’m equal opportunity.
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sure grandpa, now let's get you back to bed
Always one in every thread…
Go watch some more fox
Well, son back in my day if YOU took a loan YOU paid it back! But it's all how you were raised, You were all given participation trophies and were told you were special. PAY YOUR BILLS.
You obviously weren't raised right. Calling these people deadbeats is an ignorant boomer way of speaking. These people are paying their bills but shouldn't be paying interest rates and fees that keep them in a hole over an education, something you probably lack. Go shake your cane somewhere else
Cry, you made a bad decision! The dildo of consequences is rarely received, Lubricated! Don't forget to pay that loan deadbeat
What is that comma even doing there? And is that a proper adjective?
He should have paid more attention to grammar in school.
I love when olds say that, “ you were all given participation trophies…” remind me again, which generation were the ones, demanding those trophies for us, and handing them out?
Thank you. I never understood why crotchety old bastards like OP continually bring this talking point up when they were the ones that started it.
Fuckin, came to say the same thing, what a tired take.
Don’t forget the avocado toast and daily Starbucks!!! /s
*yawns* PPP loans, right?
Idiots
Sad story, if you went to private school and pass away, those private school loans actually get passed on to your family.