Student Loan Forgiveness

Look at the Money that is going to their family trusts....I mean to Ukraine.....MI6, Mossad, all have the dirt on EVERY one of those congress people that are part of this corruption.... F them all. 

 
Realbadlarry said:
Look at the Money that is going to their family trusts....I mean to Ukraine.....MI6, Mossad, all havbusiness e the dirt on EVERY one of those congress people that are part of this corruption.... F them all. 
Click to expand...
I have always thought that the fool in the White House has used this mess/war to cover up his families corrupt involvement in Ukraine. Ukraine is so beholding to the fool along with other elites that used a corrupt Ukraine as a source of income for themselves and their families. And he is using our tax funds to fund the cover up.

If anyone thinks that all the money and equipment we are sending to Ukraine is actually making it for it's intended use, they are living in liberal la la land. There is little if any accountability for the massive amount of money we are sending Ukraine's way.

As far as student loan forgiveness, everything the fool does is meant to keep him and his party in power, and buying votes with our money has become business as usual.

 
Saw this for sale sign the other day.

For Sale:

My White Privilege Card. Over 50 years old but in mint condition. Never been used.

Reason for selling: It hasn't done any thing for me! No free college, no free food, no free housing, no free anything. I've had to go to work every day of my life while paying a boatload of taxes to carry those who chose not to work!

If interested, I prefer cash but willing to do an even trade for a Victim Card which seems much more widely accepted and comes with countless benefits without even having to show the card!

If interested contact me on my cell phone that I pay for every month.

Serious buyers only!

 
I often wonder how many people who rant and rave about student loan forgiveness fed at the PPP trough back in 2020.  From what I have observed, often the very same people who begrudge kids $20k-$30 knocked off their student loans, got hundreds of thousands of PPP dollars themselves. Blatant hypocrisy.

Government handouts are government handouts. Lots of phony conservatives   out there.  All of the looting that occurred in 2020 wasn’t reported on Fox News.

 
hello_newman said:
I often wonder how many people who rant and rave about student loan forgiveness fed at the PPP trough back in 2020.  From what I have observed, often the very same people who begrudge kids $20k-$30 knocked off their student loans, got hundreds of thousands of PPP dollars themselves. Blatant hypocrisy..

Government handouts are government handouts. Lots of phony conservatives   out there.  All of the looting that occurred in 2020 wasn’t reported on Fox News.
Click to expand...
Tell me you don't know how PPP works without telling me you don't know how it works. 

Besides there's a huge difference between taking money out on your future self and you can't pay it back, versus making something of yourself and having it taken away. 

You are correct though, a handout is a handout 

 
Last edited by a moderator:
I didn't want any part of the stimulus. I have no debt, a secure job w/ house and live below my means. But there was no way to opt out of what the handout was going to do (Inflation). I didn't know how bad it would be but knew it was going to be bad. I might as well take the handout since I knew I was going to suffer inflation no matter what. Currently in school at 45 years old to get an electronics degree. I don't need the money, I'm just bored. I can afford to pay for the degree since vocational classes are cheap but my employer is picking up the bill. 

 
LegitDuner said:
Tell me you don't know how PPP works without telling me you don't know how it works. 

Besides there's a huge difference between taking money out on your future self and you can't pay it back, versus making something of yourself and having it taken away. 

You are correct though, a handout is a handout 
Click to expand...
Lol, I know how the PPP program worked (as well as the equally as the ridiculous ERC program).  Business owners who suffered no real COVID related losses were awarded hundreds of billions of dollars of free money. And it was completely legal. This, as much as anything else, fueled the inflation and irrational speculation over the last couple years…to make it even worse, many of these large business owners bullied their bankers to put their paperwork at the top of the pile when the money was being given out. The small businesses that needed help the most were often squeezed out. And all this happened long before Biden took over.

 
I retired in '19. No PPP money or any other stimulus handouts. Both my daughters student loans are paid off, I paid 1/2 of their tuition while they were attending and they paid the remainder, and my wifes student loans are paid off. I have no debt, which allowed me to retire early. 

I earned the right to bitch about handouts!

 
I thinks it's rather fawked up to hand out free money to help pay a student's debt, I didn't go to school but I would like my fair share of the handout, we put my spouse through nursing school on our own dime years ago, where's our money for that? It is a totally screwed up mess that isn't fair to anyone. Biden is just trying to score some votes for the Dems from the millenials. 

I've been thinking it's about time to retire to Belize.

 
Last edited by a moderator:
My kids will want to be forgiven too in 10 years. Let's keep them in mind and while at it, the wife paid like 90k for her education and is wondering if she can get a rebate now. Also, I'm a high school dropout and want something too uhmkay? Ok bie. 🤪

 
THD said:
I retired in '19. No PPP money or any other stimulus handouts. Both my daughters student loans are paid off, I paid 1/2 of their tuition while they were attending and they paid the remainder, and my wifes student loans are paid off. I have no debt, which allowed me to retire early. 

I earned the right to bitch about handouts!
Click to expand...
Do you remember what the interest rate was on their student loans?

The reason I ask is I saw a post supposedly from someone who claims that he did borrow quite a bit in student loans, but that the interest rate was so high that he had been paying over $1200/mo. for the last 10 yrs and had only paid down about $83 of the principal. I don't know if I believe that, it sounds like extremely high interest rate but I have no idea what the gov't is charging on those loans.

My initial reaction when they said that they would forgive $10k in student loans and $10k in PELL grants was outrage, because I worked 2 jobs, 35 hrs/week ea, with no benefits at minimum wage so I could have the money and the schedule flexibility to put myself through college. It was a long uphill slog of getting 2 hrs of sleep at a time in the store parking lot before working a 3rd shift stocking shelves, then a 1st shift at another store, then classes. I finally completed my degree, but it probably took the longest in history to complete it, debt free.

After spending a large portion of my adult life working day and night to get here, I'm not the least bit interested in paying for someone else's debt. However, the way this administration is going about it is example # 564,327 of why we've elected the biggest morons on the planet to run this country. Instead of telling everyone they're going to forgive XX amount of student debt and pissing off the majority of us taxpayers just to buy the votes of a group of student debt holders, why not reduce their interest rate to a much lower one which would allow them to pay off their debt on their own at a much faster rate?

This wouldn't piss off the majority of taxpayers because we're not being asked to pay off someone else's debt. At the same time it would still buy the votes of the student debt holders because it could possibly save them much more than $10k and allow them to get out from under a crippling debt. That's assuming the interest rate is as bad as the guy claimed it is.  

This country is being divided and run into the ground by the biggest morons in history!

 
Lord of the Dunes said:
Do you remember what the interest rate was on their student loans?

The reason I ask is I saw a post supposedly from someone who claims that he did borrow quite a bit in student loans, but that the interest rate was so high that he had been paying over $1200/mo. for the last 10 yrs and had only paid down about $83 of the principal. I don't know if I believe that, it sounds like extremely high interest rate but I have no idea what the gov't is charging on those loans.

My initial reaction when they said that they would forgive $10k in student loans and $10k in PELL grants was outrage, because I worked 2 jobs, 35 hrs/week ea, with no benefits at minimum wage so I could have the money and the schedule flexibility to put myself through college. It was a long uphill slog of getting 2 hrs of sleep at a time in the store parking lot before working a 3rd shift stocking shelves, then a 1st shift at another store, then classes. I finally completed my degree, but it probably took the longest in history to complete it, debt free.

After spending a large portion of my adult life working day and night to get here, I'm not the least bit interested in paying for someone else's debt. However, the way this administration is going about it is example # 564,327 of why we've elected the biggest morons on the planet to run this country. Instead of telling everyone they're going to forgive XX amount of student debt and pissing off the majority of us taxpayers just to buy the votes of a group of student debt holders, why not reduce their interest rate to a much lower one which would allow them to pay off their debt on their own at a much faster rate?

This wouldn't piss off the majority of taxpayers because we're not being asked to pay off someone else's debt. At the same time it would still buy the votes of the student debt holders because it could possibly save them much more than $10k and allow them to get out from under a crippling debt. That's assuming the interest rate is as bad as the guy claimed it is.  

This country is being divided and run into the ground by the biggest morons in history!
Click to expand...
If I remember correctly the interest rate was in the 7 1/2% range. It was about 10yrs back when my youngest was in college. 

I have heard that if the minimum payment was made, it would barely touch the principle if at all.

My daughters best friends, a Dr. and a respiratory therapist have going all out to pay their loans off by living way below their means. They also do not agree with this bailout.

Edit to add I would be inclined to agree that lowering interest rates on ALL federal student loans since that would help everyone with Federal student loans. I would imagine there are a ton of people who refinanced their loans to take advantage of the lower rates before the fool was installed in the White House that sounds like they would not qualify due to the refinance?

 
Last edited by a moderator:
THD said:
If I remember correctly the interest rate was in the 7 1/2% range. It was about 10yrs back when my youngest was in college. 

I have heard that if the minimum payment was made, it would barely touch the principle if at all.

My daughters best friends, a Dr. and a respiratory therapist have going all out to pay their loans off by living way below their means. They also do not agree with this bailout.
Click to expand...
Thanks for the interest rate answer.

I don't think anyone who isn't a current student debtor agrees with this bailout. However, as I posted above, if they had chosen to reduce the interest rate, I wouldn't have a problem with that and I don't think anyone else would either. It sure sounds better than taxpayers paying off someone else's debt.

 
Lord of the Dunes said:
Thanks for the interest rate answer.

I don't think anyone who isn't a current student debtor agrees with this bailout. However, as I posted above, if they had chosen to reduce the interest rate, I wouldn't have a problem with that and I don't think anyone else would either. It sure sounds better than taxpayers paying off someone else's debt.
Click to expand...
They won't lower the interest rates because that does not look like they are doing anything.  Saying we will forgive $10,000 sounds better than we will lower your interest rate by 2%.   The reality is the $10,000 they are forgiving for most will be paid back in interest over the life of the student loan which are typically a 10 year repayment, but most students get consolidation loans that extend the terms to 20-30 years. 

It is kind of like when a mortgage company says they will forgive a few months of payments to only add it to the back end or when the auto loans say no payments for the first 90 days.  They all get their money eventually.  

Good thing they changed the law in the 1970s so a student cannot file bankruptcy on student loans. 

 
You must log in or register to reply here.
Back
Top