The good news: Bush is one of the best Democratic presidents. The bad news: The Democrat party is all gone socialist, or just gone crazy.
One wonders how the Republicans just disappeared.
I though the law was suppose to be the same for everyone. They keep creating different classes of Americans and giving themselves better health care, pensions and now debt forgiveness.
This is truly sad.
You’ve got to be kidding me. What’s the interest rate on those loans? I know it’s way less than you could get at the bank.
Bush is absolutely disgusting in his attempts to pander to the left and raise our taxes. We are going to have to pay for this some time. I am livid.
How nice. < /s>
I guess I should change careers so that I can write off my student loan, huh?
I wish.
AFAIK, student loans generally have a 10-year payoff. But they can be refinanced up to 20 or 25 years after the fact.
Sounds like the government just announced to any of its employees who want to pay off their loans under the normal time period that they should instead refinance to 20+ years, cut their payments in half, and then walk away from more than half the debt at the end of the 10 years anyway.
SOB. I worked full time during school to pay off all my bills....this really sucks.....
Gosh, this is for Americans? Are we sure it isn’t worded for illegals like their in-state tuition rates?
This starts a bad precedent. Now those who graduate just need to wait it out for 10 years, then they can get the American taxpayers to pay off their old school loans. There is really not much of an financial incentive to pay off your loans early. In fact, it makes sense financially to wait.
From the article;
“The law defines public service as a full-time job in several fields, including:
¿ Government, military service, emergency management, public safety, law enforcement, public health, public education.
¿ Social work in a public child- or family-service agency; public interest law services, including prosecution or public defense or legal advocacy in low-income communities for a nonprofit organization; public child care; public service for individuals with disabilities; public service for the elderly.
¿ Public library sciences, school-based library sciences and other school-based services.”
BTW, this happened a month ago.
so NOT taking risk is now rewarded.
They have had law school loan forgiveness in a few states for being a public defender or prosecutor but this is just plain silly.
This story burned me up so bad that I just fired off angry emails to my Congress-critters...not that it will do any good.
He is just clearing the way for all those illegals with a DREAM. Teachers are federal employees?
I am being discriminated against. Where do I file my law suit?
The only catch on loan forgiveness is tax liability. As the law stands now, loan forgiveness triggers a tax liability. I suspect that the rats will change the law when loan forgiveness begins.
This law is just another entitlement. The rat plan is to make higher education an entitlement at least for government workers.
I resent this. Why do federal employees, congresspersons, etc. get superior benefits to the rest of us?
The rest of us are paying for it and it is NOT fair.
It would be a taxpayer-funded ride and a ride funded by students who will repay those loans through higher interest rates.
Apparatchiks on parade.
Might help military recruiting and retention.