Student loan cancellation
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Stop Interest Capitalization on Federally Subsidized Loans. Forbid capitalization on private loans from Approved Lenders.
Cap interest rates from approved lenders at 10%
Make student debt interest dischargeable in bankruptcy.
Revamp the GI Bill, include some non-military options and promote retroactive options… Just graduated from with a bachelors in engineering but buried in debt already? Welcome to the Army Corps of Engineers… We’ll pay off your debt and you will make a living. Hell, we’ll even help with graduate school… Today’s military needs college grads more than high school grads…
Expand the Pell Grant program income eligibility and amounts for students going to 2 year trade schools. Push the hell out of that program.
wrote on 18 Nov 2022, 22:21 last edited by@LuFins-Dad said in Student loan cancellation:
Stop Interest Capitalization on Federally Subsidized Loans. Forbid capitalization on private loans from Approved Lenders.
Cap interest rates from approved lenders at 10%
Make student debt interest dischargeable in bankruptcy.
Revamp the GI Bill, include some non-military options and promote retroactive options… Just graduated from with a bachelors in engineering but buried in debt already? Welcome to the Army Corps of Engineers… We’ll pay off your debt and you will make a living. Hell, we’ll even help with graduate school… Today’s military needs college grads more than high school grads…
Expand the Pell Grant program income eligibility and amounts for students going to 2 year trade schools. Push the hell out of that program.
Honestly #3 solves the debt problem moving forward. #5 is just good policy, period.
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@LuFins-Dad said in Student loan cancellation:
Stop Interest Capitalization on Federally Subsidized Loans. Forbid capitalization on private loans from Approved Lenders.
Cap interest rates from approved lenders at 10%
Make student debt interest dischargeable in bankruptcy.
Revamp the GI Bill, include some non-military options and promote retroactive options… Just graduated from with a bachelors in engineering but buried in debt already? Welcome to the Army Corps of Engineers… We’ll pay off your debt and you will make a living. Hell, we’ll even help with graduate school… Today’s military needs college grads more than high school grads…
Expand the Pell Grant program income eligibility and amounts for students going to 2 year trade schools. Push the hell out of that program.
Honestly #3 solves the debt problem moving forward. #5 is just good policy, period.
wrote on 18 Nov 2022, 22:37 last edited by@jon-nyc said in Student loan cancellation:
@LuFins-Dad said in Student loan cancellation:
Stop Interest Capitalization on Federally Subsidized Loans. Forbid capitalization on private loans from Approved Lenders.
Cap interest rates from approved lenders at 10%
Make student debt interest dischargeable in bankruptcy.
Revamp the GI Bill, include some non-military options and promote retroactive options… Just graduated from with a bachelors in engineering but buried in debt already? Welcome to the Army Corps of Engineers… We’ll pay off your debt and you will make a living. Hell, we’ll even help with graduate school… Today’s military needs college grads more than high school grads…
Expand the Pell Grant program income eligibility and amounts for students going to 2 year trade schools. Push the hell out of that program.
Honestly #3 solves the debt problem moving forward. #5 is just good policy, period.
Just to make sure you caught it, #3 is not to make student debt dischargeable, just the interest. Willing to consider making the debt dischargeable, though.
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wrote on 18 Nov 2022, 23:33 last edited by Copper
How about, have the spoiled rich boys who have a college education repay the loans and then pay higher taxes to support the victims of their privilege?
no justice, no peace
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wrote on 23 Nov 2022, 12:19 last edited by George K
Payback moratorium extended.
The Biden administration announced Tuesday that it would extend the payment pause on federal student loans, as President Joe Biden’s debt cancellation plan remains blocked in court.
The payment pause, which was previously set to expire in January, will be extended until June 30 or until the litigation is resolved — whichever comes first. If the litigation has not been resolved by June 30, payments will resume 60 days after that.
“I’m completely confident that my plan is legal,” Biden said in a video announcement. “But it isn’t fair to ask tens of millions of borrowers eligible for relief to resume their student debt payments while the courts consider the lawsuit.”
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Payback moratorium extended.
The Biden administration announced Tuesday that it would extend the payment pause on federal student loans, as President Joe Biden’s debt cancellation plan remains blocked in court.
The payment pause, which was previously set to expire in January, will be extended until June 30 or until the litigation is resolved — whichever comes first. If the litigation has not been resolved by June 30, payments will resume 60 days after that.
“I’m completely confident that my plan is legal,” Biden said in a video announcement. “But it isn’t fair to ask tens of millions of borrowers eligible for relief to resume their student debt payments while the courts consider the lawsuit.”
wrote on 23 Nov 2022, 13:03 last edited by@George-K said in Student loan cancellation:
until June 30
That can't be right. The president insisted, emphatically, that it would be 12/31/22 at the latest.
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Payback moratorium extended.
The Biden administration announced Tuesday that it would extend the payment pause on federal student loans, as President Joe Biden’s debt cancellation plan remains blocked in court.
The payment pause, which was previously set to expire in January, will be extended until June 30 or until the litigation is resolved — whichever comes first. If the litigation has not been resolved by June 30, payments will resume 60 days after that.
“I’m completely confident that my plan is legal,” Biden said in a video announcement. “But it isn’t fair to ask tens of millions of borrowers eligible for relief to resume their student debt payments while the courts consider the lawsuit.”
wrote on 23 Nov 2022, 13:22 last edited by@George-K said in Student loan cancellation:
“I’m completely confident that my plan is legal,” Biden said in a video announcement. “But it isn’t fair to ask tens of millions of borrowers eligible for relief to resume their student debt payments while the courts consider the lawsuit.”
I wonder if he really thinks this will get through the court, or if he's just keeping his game face on. I'm guessing the latter.
Only non-witches get due process.
- Cotton Mather, Salem Massachusetts, 1692
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I do feel bad for the kids. They don’t really get it yet. I mean, Lucas got the economics of everything and rationally he knew that this program could ultimately cost him more than it gave him, on an emotional level these kids thought $10-20K in debt was about to be wiped out and now it’s not.
wrote on 23 Nov 2022, 13:59 last edited by@LuFins-Dad said in Student loan cancellation:
Lucas got the economics of everything and rationally he knew that this program could ultimately cost him more than it gave him, …
Of course it “could” as a matter of possibility, just like buying a lottery “could” make you rich or using a condom “could” still get you STDs. But what’s the likelihood of it happening? How does Lucas think through how likely it is that his student loan being forgiven will ultimately cost him more?
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wrote on 1 Dec 2022, 22:19 last edited by
"Now look here, you Baltic gas passer... " - Mik, 6/14/08
The saying, "Lite is just one damn thing after another," is a gross understatement. The damn things overlap.
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@George-K said in Student loan cancellation:
“I’m completely confident that my plan is legal,” Biden said in a video announcement. “But it isn’t fair to ask tens of millions of borrowers eligible for relief to resume their student debt payments while the courts consider the lawsuit.”
I wonder if he really thinks this will get through the court, or if he's just keeping his game face on. I'm guessing the latter.
wrote on 1 Dec 2022, 22:26 last edited by@jon-nyc said in Student loan cancellation:
@George-K said in Student loan cancellation:
“I’m completely confident that my plan is legal,” Biden said in a video announcement. “But it isn’t fair to ask tens of millions of borrowers eligible for relief to resume their student debt payments while the courts consider the lawsuit.”
I wonder if he really thinks this will get through the court, or if he's just keeping his game face on. I'm guessing the latter.
Me too. You can't spend billions of unallocated dollars just by sayso.
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wrote on 1 Dec 2022, 22:55 last edited by
@George-K said in Student loan cancellation:
SCOTUS grants cert...
Would shock me if they don't whack it.
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wrote on 1 Dec 2022, 22:57 last edited by
@George-K said in Student loan cancellation:
SCOTUS grants cert...
Which suit? The states? Or the Texas case?
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wrote on 1 Dec 2022, 22:58 last edited by
They'll be combined I'm sure in a single oral argument and decision.
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wrote on 1 Dec 2022, 23:16 last edited by
@jon-nyc said in Student loan cancellation:
They'll be combined I'm sure in a single oral argument and decision.
But they are two very different cases being made... The Texas case is/was about the required amount of time for public comment. It was actually kind of surprising to me to see the judge rule so broadly against the Executive Order on such narrow grounds... And the states case still doesn't have standing. The block from there is just a temporary block while the states appeal is heard, no?
So are the judges given the latitude to rule on issues that are far beyond the issues of the original suits?
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wrote on 2 Dec 2022, 18:06 last edited by
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wrote on 2 Dec 2022, 18:12 last edited by
I'm so glad Fauxcahontas is now a self-appointed SCOTUS justice.
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wrote on 2 Dec 2022, 18:16 last edited by
In fairness, one can be clear in telling a lie.
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wrote on 2 Dec 2022, 18:18 last edited by
Someone commented that when the statement begins with "Let's be clear," a big lie follows.
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wrote on 2 Dec 2022, 19:21 last edited by
Best comment? "As it turns out, he only has 1/1024th of the constitutional authority you think he has."
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True, I almost wrote ‘Congress has standing but they don’t want to challenge it” but was tired of typing
wrote on 1 Mar 2023, 12:51 last edited by@jon-nyc said in Student loan cancellation:
True, I almost wrote ‘Congress has standing but they don’t want to challenge it” but was tired of typing
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@jon-nyc said in Student loan cancellation:
True, I almost wrote ‘Congress has standing but they don’t want to challenge it” but was tired of typing
