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The New Coffee Room

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  3. Student loan plan, debt is canceled

Student loan plan, debt is canceled

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  • CopperC Offline
    CopperC Offline
    Copper
    wrote on last edited by
    #1

    Where is my check?

    Nearly 153,000 people enrolled in Biden’s new student loan plan will get an email Wednesday that their debt is canceled

    Nearly 153,000 student loan borrowers currently enrolled in a new repayment plan launched by the Biden administration are expected to get an email Wednesday notifying them that their remaining federal student loan debt will be canceled, totaling about $1.2 billion.

    The email is expected to include a congratulatory message from President Joe Biden, whose administration is eager to remind voters what it has done to address student loan debt as the presidential election ramps up.

    “From day one of my Administration, I vowed to fix student loan programs so higher education can be a ticket to the middle class—not a barrier to opportunity,” the message reads.

    https://www.cnn.com/2024/02/21/politics/student-loan-forgiveness-biden-debt/index.html

    1 Reply Last reply
    • HoraceH Offline
      HoraceH Offline
      Horace
      wrote on last edited by
      #2

      Wow that's some expensive votes.

      Education is extremely important.

      George KG 1 Reply Last reply
      • MikM Offline
        MikM Offline
        Mik
        wrote on last edited by
        #3

        It's just so freaking brazen, this buying of votes.

        “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
        • 89th8 Online
          89th8 Online
          89th
          wrote on last edited by
          #4

          So fixing student loan programs is the same thing as paying off past debt? Does not compute. Fix the program, don't fix the past.

          1 Reply Last reply
          • LuFins DadL Offline
            LuFins DadL Offline
            LuFins Dad
            wrote on last edited by
            #5

            Meh, they’ll pay it back when they have to wait till 90 to collect SS.

            The Brad

            Aqua LetiferA 1 Reply Last reply
            • LuFins DadL LuFins Dad

              Meh, they’ll pay it back when they have to wait till 90 to collect SS.

              Aqua LetiferA Offline
              Aqua LetiferA Offline
              Aqua Letifer
              wrote on last edited by
              #6

              @LuFins-Dad said in Student loan plan, debt is canceled:

              Meh, they’ll pay it back when they have to wait till 90 to collect SS.

              👆

              Fuck this.

              Please love yourself.

              1 Reply Last reply
              • HoraceH Horace

                Wow that's some expensive votes.

                George KG Offline
                George KG Offline
                George K
                wrote on last edited by
                #7

                @Horace said in Student loan plan, debt is canceled:

                Wow that's some expensive votes.

                Yeah, he could have just imported them....wait.

                "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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                • HoraceH Offline
                  HoraceH Offline
                  Horace
                  wrote on last edited by
                  #8

                  The economy will not be recognizable when these people hit retirement age. If I were in their shoes, I'd completely take lower debt now for some handwaved debt to pay later.

                  Education is extremely important.

                  CopperC 1 Reply Last reply
                  • HoraceH Horace

                    The economy will not be recognizable when these people hit retirement age. If I were in their shoes, I'd completely take lower debt now for some handwaved debt to pay later.

                    CopperC Offline
                    CopperC Offline
                    Copper
                    wrote on last edited by
                    #9

                    @Horace said in Student loan plan, debt is canceled:

                    when these people hit retirement age.

                    Remember that story the other day telling us that the first person to live until age 150 is alive today?

                    Social Security still starts paying retirement benefits at age 62.

                    So for, roughly, 40 years of work, this 150 year old guy could collect almost 90 years of retirement pay.

                    1 Reply Last reply
                    • George KG Offline
                      George KG Offline
                      George K
                      wrote on last edited by
                      #10

                      image.jpeg

                      "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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