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The New Coffee Room

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  3. Student loan cancellation

Student loan cancellation

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  • G George K
    23 Nov 2022, 12:19

    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.”

    J Offline
    J Offline
    jon-nyc
    wrote on 23 Nov 2022, 13:22 last edited by
    #140

    @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
    M 1 Reply Last reply 1 Dec 2022, 22:26
    • L LuFins Dad
      18 Nov 2022, 21:37

      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.

      A Offline
      A Offline
      Axtremus
      wrote on 23 Nov 2022, 13:59 last edited by
      #141

      @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?

      1 Reply Last reply
      • G Offline
        G Offline
        George K
        wrote on 1 Dec 2022, 22:19 last edited by
        #142

        SCOTUS grants cert...

        "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.

        J L 2 Replies Last reply 1 Dec 2022, 22:55
        • J jon-nyc
          23 Nov 2022, 13:22

          @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.

          M Offline
          M Offline
          Mik
          wrote on 1 Dec 2022, 22:26 last edited by
          #143

          @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.

          “I am fond of pigs. Dogs look up to us. Cats look down on us. Pigs treat us as equals.” ~Winston S. Churchill

          1 Reply Last reply
          • G George K
            1 Dec 2022, 22:19

            SCOTUS grants cert...

            J Offline
            J Offline
            Jolly
            wrote on 1 Dec 2022, 22:55 last edited by
            #144

            @George-K said in Student loan cancellation:

            SCOTUS grants cert...

            Would shock me if they don't whack it.

            “Cry havoc and let slip the DOGE of war!”

            Those who cheered as J-6 American prisoners were locked in solitary for 18 months without trial, now suddenly fight tooth and nail for foreign terrorists’ "due process". — Buck Sexton

            1 Reply Last reply
            • G George K
              1 Dec 2022, 22:19

              SCOTUS grants cert...

              L Offline
              L Offline
              LuFins Dad
              wrote on 1 Dec 2022, 22:57 last edited by
              #145

              @George-K said in Student loan cancellation:

              SCOTUS grants cert...

              Which suit? The states? Or the Texas case?

              The Brad

              1 Reply Last reply
              • J Offline
                J Offline
                jon-nyc
                wrote on 1 Dec 2022, 22:58 last edited by
                #146

                They'll be combined I'm sure in a single oral argument and decision.

                Only non-witches get due process.

                • Cotton Mather, Salem Massachusetts, 1692
                L 1 Reply Last reply 1 Dec 2022, 23:16
                • J jon-nyc
                  1 Dec 2022, 22:58

                  They'll be combined I'm sure in a single oral argument and decision.

                  L Offline
                  L Offline
                  LuFins Dad
                  wrote on 1 Dec 2022, 23:16 last edited by
                  #147

                  @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?

                  The Brad

                  1 Reply Last reply
                  • G Offline
                    G Offline
                    George K
                    wrote on 2 Dec 2022, 18:06 last edited by
                    #148

                    Wait, isn't she a lawyer? Didn't she go to law school that day?

                    Yes, yes she is.

                    "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.

                    1 Reply Last reply
                    • M Offline
                      M Offline
                      Mik
                      wrote on 2 Dec 2022, 18:12 last edited by
                      #149

                      I'm so glad Fauxcahontas is now a self-appointed SCOTUS justice.

                      “I am fond of pigs. Dogs look up to us. Cats look down on us. Pigs treat us as equals.” ~Winston S. Churchill

                      1 Reply Last reply
                      • HoraceH Offline
                        HoraceH Offline
                        Horace
                        wrote on 2 Dec 2022, 18:16 last edited by
                        #150

                        In fairness, one can be clear in telling a lie.

                        Education is extremely important.

                        1 Reply Last reply
                        • G Offline
                          G Offline
                          George K
                          wrote on 2 Dec 2022, 18:18 last edited by
                          #151

                          Someone commented that when the statement begins with "Let's be clear," a big lie follows.

                          "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.

                          1 Reply Last reply
                          • L Offline
                            L Offline
                            LuFins Dad
                            wrote on 2 Dec 2022, 19:21 last edited by
                            #152

                            Best comment? "As it turns out, he only has 1/1024th of the constitutional authority you think he has."

                            The Brad

                            1 Reply Last reply
                            • J jon-nyc
                              17 Oct 2022, 22:27

                              True, I almost wrote ‘Congress has standing but they don’t want to challenge it” but was tired of typing

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                              G Offline
                              George K
                              wrote on 1 Mar 2023, 12:51 last edited by
                              #153

                              @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

                              "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.

                              J 1 Reply Last reply 1 Mar 2023, 13:09
                              • G George K
                                1 Mar 2023, 12:51

                                @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

                                J Offline
                                J Offline
                                jon-nyc
                                wrote on 1 Mar 2023, 13:09 last edited by
                                #154

                                @George-K

                                My illustrious congressman

                                Only non-witches get due process.

                                • Cotton Mather, Salem Massachusetts, 1692
                                G 1 Reply Last reply 1 Mar 2023, 13:11
                                • J jon-nyc
                                  1 Mar 2023, 13:09

                                  @George-K

                                  My illustrious congressman

                                  G Offline
                                  G Offline
                                  George K
                                  wrote on 1 Mar 2023, 13:11 last edited by
                                  #155

                                  @jon-nyc said in Student loan cancellation:

                                  @George-K

                                  My illustrious congressman

                                  Whattchu bitchin' about. At least he didn't run for mayor (and lose).

                                  "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.

                                  1 Reply Last reply
                                  • G Offline
                                    G Offline
                                    George K
                                    wrote on 1 Mar 2023, 13:11 last edited by
                                    #156

                                    SCOTUS heard arguments yesterday. From what I've read, it did not go well for the administration.

                                    "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.

                                    1 Reply Last reply
                                    • J Offline
                                      J Offline
                                      Jolly
                                      wrote on 1 Mar 2023, 15:13 last edited by
                                      #157

                                      Government doesn't need to be in the student loan business, anyway.

                                      “Cry havoc and let slip the DOGE of war!”

                                      Those who cheered as J-6 American prisoners were locked in solitary for 18 months without trial, now suddenly fight tooth and nail for foreign terrorists’ "due process". — Buck Sexton

                                      1 Reply Last reply
                                      • HoraceH Offline
                                        HoraceH Offline
                                        Horace
                                        wrote on 1 Mar 2023, 15:17 last edited by
                                        #158

                                        Educational credentials for everybody is an important part of equity. We're long past the point where the credentials are meaningful in terms of how intelligent or able a person is, but people are not, by and large, intelligent or able enough to understand that. It's difficult not to feel sorry for young people who strive for that university degree, which their parents never got, who think it's worth so much, not knowing it's a meaningless symbol, dumbed down to nothing. I hope it at least helps them get a job. We'll have a nonsense job economy after AI takes over anyway. I shudder to think of the 'skills' it will take to get ahead in the corporate world, after all vestiges of ability are obsoleted.

                                        Education is extremely important.

                                        1 Reply Last reply
                                        • 89th8 Offline
                                          89th8 Offline
                                          89th
                                          wrote on 1 Mar 2023, 16:17 last edited by
                                          #159

                                          The awkward silence after he says, "That's what (SCOTUS) is there for, to follow the law."

                                          What a maroon.

                                          Wait, I'm still listening to him.... he registered for, applied for, and got into a college and only then did he run the numbers of what it would cost and was surprised. Smart man.

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