Posted on 07/01/2023 4:15:36 AM PDT by Libloather
In a piece responding to the U.S. Supreme Court killing President Joe Biden’s student loan handout, the New York Times reminded readers there were other ways they could still cancel their debt, one of them involving death.
Among six methods the outlet included to get rid of student loan debt, such as signing up for student loan forgiveness and filing for bankruptcy, the outlet noted that debt "dies with the person or people who take it on."
This option was given for students worried that the debt their loved ones took out for their schooling would pass on to them if those loved ones died. The paper assured them it wouldn’t.
The Times published the article shortly after the Supreme Court struck down Biden’s student loan handout on Friday. The handout, which he proposed last year, sought to cancel up to $10,000 in federal loans per borrower making less than $125,000 a year, and up to $20,000 per borrower for those who used Pell Grants in college.
Critics claimed Biden’s plan would have cost over $400 billion and was unfair to those who paid their loans or never took on debt.
New York Times columnist Ron Lieber’s piece on Friday showed sympathy for the "enormous disappointment" felt by people not getting their loans forgiven after the ruling and offered alternative "ways to get your student debt wiped away."
Lieber noted there are still several "escape hatch" "ways to eliminate your federal student loan balance aside from paying in full." He advised, "If you know someone who is struggling with student loan debt, suggest that the borrower review every last option."
Lieber mentioned "Income-Driven Repayment," "Public Service Loan Forgiveness," "Closed or low-performing schools," "Bankruptcy Discharge," and "Disability Discharge," before getting to the final option, "Death."
(Excerpt) Read more at foxnews.com ...
Lazy people who think I should pay for their bad decisions deciding to die? I’m comfortable with that.
I got my BA on the six-year plan working 2 part time jobs. I got my MBA on the five year plan working full time.
Work: my super power.
… yes and no. A debtor in any chapter can file an adversary action (a lawsuit) in the bankruptcy court to discharge a student loan debt if it imposes an “undue hardship”. Unfortunately, Congress never defined that term and the courts have determined it to mean a level of hardship even below the poverty line or something akin to a social security disability. Recently, Biden directed the U.S. Attorneys who defend these actions in bankruptcy court to roll over if the debtor merely shows their income is below median for the region and they have made at least a good faith attempt to pay the loan. Ironically, in my experience, when student loan debtors are confronted with the attorney’s fees required for this litigation in Federal Court, they always lose interest. I suppose the mindset is that of the loan was free, anything else connected to it should likewise be free.
I did the same, although by working as many as three jobs and eating peanut butter, ramen noodles, and Kraft macaroni & cheese, I was able to get my BA and my law degree in four and three years, respectively.
Only in the NYT do Pell Grants have to be repaid if you upheld your end of it.
Sadly, there are still million of gullible idiots signing up for $50+k/year schools.
I say death to the New York Times!
Shout it out from the mountain tops. No peace. no surrender. Death to the New York Times!
They already making US citizens pay for "higher education" while illegal aliens get free or reduced tuition. My guess is, eventually there will be an effort to merge the demand for "free higher education" with the demand for "a path to citizenship" AKA "comprehensive immigration reform" for the 10s of millions of invaders present before Mayorkas, plus the millions he let in in the last 2 years. The "dreamers'" job is to open the door a little wider, but that is just step 1.
‘Course, that might have been some good tip bait.
‘Course, that might have been some good tip bait.
How about universities forgiving the student debt rather than taxpayers forced to forgive it
New York Times angered by the U.S. Supreme Court not following the socialism rules Biden is issuing.
I can think of only one exception.
I do think it’s in our national interest to promote a workforce educated in tech, sciences, and math. We disparately need engineers, scientists, and medical professionals.
These national security related fields should get the grants and government support.
That’s the way it used to be back in the post WWII and Cold War days. Schools got grants for the labs that developed our computer high tech, the internet, and other things that made us the envy of the world.
That has all been perverted by liberals. Now it’s diversity, minority studies, and arts. Ridiculous waste of tax payer dollars and promotion of hate of our great nation and it’s history.
I am pretty sure the proliferation of useless degree programs have added to the overall cost of tuition and other college related expenses. It does not help that for many having only a high school diploma keeps them locked out of well paying jobs (that used to not require advanced degrees)forcing them to get that sheepskin. No matter the cost.
FJB was the person that stuck that in. Student loan debt can not be discharged. Make sure you tell all that have loans.
And, the debt can pass to others depending on the language in the private contract signed at the time of the loan.
These national security related fields should get the grants and government support.
Not if, as they get an intense Socialist indoctrination, in the long run selling us down the river.
That is so sad that kids are being taken in like that. And the parents should at least know better.
Those responsible are preying on them simply for financial gain and that is disgusting.
In Aristophanes' play The Clouds, Strepsiades is in a bind because he can't pay his debts. Among the solutions he considers is killing himself, before going to Socrates for help.
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