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When I took $100,000 in student loans I didn't know it would affect my kids' lives. Forgiveness will let me save for their future.
Business insider ^ | 08/25/2022 | Kelly Burch

Posted on 08/25/2022 4:02:03 PM PDT by ChicagoConservative27

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To: Freee-dame

If she has a $100,000 debt and has taken advantage of the payment “moratorium” and doesn’t plan to make a payment until January of 2023 that $10,000 will most likely not even cover the interest on the deferred payments. Courses on compound interest should be a mandatory high school graduation requirement.


61 posted on 08/25/2022 4:47:47 PM PDT by VTenigma (Conspiracy theory is the new "spoiler alert")
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To: ChicagoConservative27

So everyone else gets to pay for this guys kids ?

Commie theif parasites.


62 posted on 08/25/2022 4:50:30 PM PDT by cuz1961 (USCGR Veteran )
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To: ChicagoConservative27

Sure, NOW she can start saving for her kids’ future.


63 posted on 08/25/2022 4:51:05 PM PDT by wyokostur
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To: ChicagoConservative27

Tax payers revolt coming up, met by 87,000 armed tax collectors. How convenient.


64 posted on 08/25/2022 4:53:30 PM PDT by robel
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To: ChicagoConservative27

Buying votes with our money. Kill em all and let God sort em out.


65 posted on 08/25/2022 4:55:56 PM PDT by HighSierra5 (The only way you know a commie is lying is when they open their pieholes.)
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To: ChicagoConservative27

And you think I should have to pay for your idiocy!!!!


66 posted on 08/25/2022 4:56:14 PM PDT by ontap
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To: Sooth2222

No way . . . this grifter did not go to engineering school.

She needs to grow up, be responsible, pay her d@mn bills. Her debts are her problem.


67 posted on 08/25/2022 4:56:54 PM PDT by Susquehanna Patriot ( )
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To: Obadiah

“I had no idea of the consequences of borrowing $100,000.”

During the Obama administration the federal government took over administering and providing college loans from banks. It would not surprise me that Department of Education administrators, as well as college financial aid counselors, are not telling students about the implications of taking on significant debt. Clearly parents are not teaching life skills.

It is time to get the Department of Education out of the student loan business. Put it back in the hands of banks, or let the colleges with huge endowments issue loans to students they find deserving. The taxpayer should have zero involvement in issuing, guaranteeing, collecting, or forgiving college loans.

The purpose of college is to teach young people the skills needed to be productive citizens. One place to start is teaching them about personal finance, including the consequences of debt.


68 posted on 08/25/2022 4:57:59 PM PDT by Soul of the South (The past is gone and cannot be changed. Tomorrow can be a better day if we work o)
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To: ChicagoConservative27

When people saved up for retirement they didn’t know they’d be taxed to pay for this jackasses kids.


69 posted on 08/25/2022 4:59:31 PM PDT by TigersEye (The Democrat Party is criminal, unAmerican and illegitimate )
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To: glorgau

Where are all those articles that promoted college after high school ... that people who graduate from college earn more over their lifetimes than those that do not?

This is another demonkkrap party vote-bribe before the Nov 2022 selection date. They need enough their leftist, broke, groomers and grifters besieged by inflation and illegal aliens to show up at the polls .... to make the election fraud and rigging to have some scintilla of legitimacy.


70 posted on 08/25/2022 5:02:01 PM PDT by Susquehanna Patriot ( )
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To: Kadric
Can’t wait till they realize $10,000 is not $100,000.

LOL!! You might have to wait a while for this brainiac to figure that out.

71 posted on 08/25/2022 5:05:05 PM PDT by CommerceComet ("You know why there's a Second Amendment? In case, the government forgets the first." Rush Limbaugh )
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To: ChicagoConservative27

I paid mine off. What a crock...


72 posted on 08/25/2022 5:07:14 PM PDT by know.your.why (If you dont watch the MSM you are uninformed. If you do watch the MSM you are misinformed.)
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To: ChicagoConservative27

If I am as an idiot, I wouldn’t be advertising it for the entire country.


73 posted on 08/25/2022 5:11:40 PM PDT by Spok (Ask a liberal to explain the rule of law as applied to DJT, then Hunter Biden.)
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To: ChicagoConservative27

My thoughts exactly.


74 posted on 08/25/2022 5:12:55 PM PDT by dirtymac ( Now Is The Time For All Good Men To ComeTo The Aid Of Their Country! NOWhx) )
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To: ChicagoConservative27

This generation of Americans are the worst examples of losers ever.

They deserve the slavery that is coming.


75 posted on 08/25/2022 5:16:19 PM PDT by Roman_War_Criminal (Jesus + Something = Nothing ; Jesus + Nothing = Everything )
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To: ChicagoConservative27

Just wait until these people realize, that, if their school loan debt is reduced, whatever the amount may be, the IRS would then consider the reduced amount as income, that they have to include on their taxes and pay any taxes that it may cause to be due.


76 posted on 08/25/2022 5:18:33 PM PDT by Ez2BRepub
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To: ChicagoConservative27

77 posted on 08/25/2022 5:19:57 PM PDT by Apparatchik (If you find yourself in a confusing situation, simply laugh knowingly and walk away - Jim Ignatowski)
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To: Freee-dame

There is a max amount which is well over the cost of tuition to help with living expenses. Anyone who has worked in financial aid can tell you about people who have financed cars, vacations and other lifestyle choices with student loans.

The only person I know whose life might be changed has a really nice house and travels extensively for leisure. I bet the recent girls trip to Cambodia and Thailand could was less than what she owed.


78 posted on 08/25/2022 5:20:10 PM PDT by PrincessB
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To: Ez2BRepub

Figures, I just read that this forgiveness is tax free. They will not have to include it on their taxes.


79 posted on 08/25/2022 5:22:33 PM PDT by Ez2BRepub
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To: ChicagoConservative27
I graduated from an expensive private college 12 years ago

My kids worked their way through low-cost public colleges so that they could graduate debt free. I should have told them to borrow away and go to expensive private colleges with most of their friends from high school.

80 posted on 08/25/2022 5:23:16 PM PDT by Bubba_Leroy (Dementia Joe is Not My President.)
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