Posted on 07/01/2023 7:30:51 AM PDT by Diana in Wisconsin
The Supreme Court struck down President Biden’s student loan forgiveness plan on Friday, a measure that would have wiped out nearly half a trillion dollars in debt for millions of Americans.
The decision will impact the nearly 700,000 Wisconsinites that have federal student loan debt -- a total that adds up to more than $20 billion.
Sid Bagley is one of those people who took out a federal student loan. He went back to school at age 45 to get a business administration degree and better himself.
“I hated my job so much I made the initiative to go back to school and do something better,” said Bagley.
But going back to school wasn’t cheap.
"I pay about $220 bucks a month in student loan repayment, which is also the same amount my rent went up this year,” Bagley said.
Since then, he’s been working hard to pay those loans back.
"I can see that there's a light at the end of the tunnel, it's just having to work so hard and so much just to get there."
Biden's plan to shave $10,000 off that total meant a lot to Bagley, but Friday morning's Supreme Court decision turned that around.
Those opposed to loan forgiveness say the decision is fair, however.
"How on earth can anyone say it is fair for them to pay for other people's education?" Republican Congressman Derrick Van Orden tweeted.
Bagley disagrees.
“They think we're privileged, when — look at me, I'm wearing safety yellow and stuff, I'm working my butt off, I work three jobs just to make a decent living for myself,” said Bagley.
President Biden said Friday afternoon that he is not giving up the fight to forgive student debt, saying his administration is working on a new plan as payments are set to resume in the coming weeks.
Yeah, they send you off to college, try to gain a little knowledge,
But all you want to do is learn how to score
Boo F***ing Hoo. they have to pay back money they borrowed? Who knew!
Bagley’s entire financial picture would be interesting. How much eating out and entertainment? What is he driving? What does his rental look like? A lot of questions.
And we ate dirt, and we were thankful for the dirt.
They were never off the hook. They got played.
Everyone gets a trophy. You owe me. It’s not my fault. It’s not fair generation.
Justin Trudeau and his henchwoman Christia Freeland have come up with a quick and painless “get out of debt” free card.
Perhaps these people could resort to that solution.
I see a big drop off of GoFundMe donations, sales of cell phones and a lot less screwing around in our National Parks as well as six month vacations in Europe. Sarc/
Well, don’t you work your butt off doing preps, gardening, etc.?
What’s wrong with working your butt off?
I’m going to say this and it’s something to consider
I’m for loan forgiveness for certain degrees. Say a doctor. We really need doctors! We will always need doctors! That one is a given.
However what we don’t need is gender studies majors. Now that is BS. You take out a loan on that degree you can pay it back.
Im retired, have NO STUDENT DEBT, and refuse to help you no matter how hard you think you re working.
If Channel 3000 News was trying to elicit sympathy for those trying to pay off student loans, they failed. The Bagley guy came off as an elitist himself....
Well Boo F*ing Hoo. They signed a contract to do something and now it’s too hard and they don’t want to do it.
And we LIKED it! /grumpy old man
Thanks.
My mortgage is too expensive - where's my bail out!
My car payment is too expensive - where's my bail out!
My credit card payment is too expensive - where's my bail out!
...
What the government should do is allow school loans to take full advantage of our bankruptcy laws. As it stands, the government makes it difficult to do so. This is done to protect the lending institutions and the schools. This must end. If lending institutions and the schools are more vulnerable to students expunging their debt through bankruptcy, those institutions will think twice before lending out $150K for a creative writing degree.
Students getting bankruptcy relief will offer student a "bail out".
Choices have consequences! Don't sign unless you understand what you're agreeing to and your responsibility.
The could do so significantly overnight by eliminating their DIE departments.
I know a lady who’s daughter is in her mid forties. Took out loans ad got a worthless degree in Marine Biology. The lady didn’t want to be an American so took off for Europe, got married, and has settled nowhere as she drags her screwed up kid between 3 countries.
She still owes 62K in student loan debt and was texting her mother to pray this for taxpayer funded debt relief for her never used waste of a degree would go through.
I had to hold back my disgust because this neurotic over vaxed nutcase irritates me to the core.
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