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.
As my daughter went off to college, I reminded her that she changed a few thousand adult diapers and carried a few dozen thousand plates of Mexican food to pay for it; don’t be foolish.
As my daughter went off to college, I reminded her that she changed a few thousand adult diapers and carried a few dozen thousand plates of Mexican food to pay for it; don’t be foolish.
And that’s what this all about. For decades liber have absolutely hosed kids for unconscionable amounts of money; made them indentured life servants, not they want to assuage their liberal guilt.
I bet if you just paid for materials, buildings, and instructors without all the other nonsense and diversity perversity krap, you could make college affordable for everyone
Bleeding heart stories are backfiring on the media. Hard-working American's do not want to pay for freeloaders and poor decision makers.
I put myself through school bartending and got a Bachelor’s in Biz Ad with an accounting concentration. No loans, paid cash for everything. That got me in the door to a national education company where I got my Master’s for free. You’re right.
I need to learn how to weld.
Touched on it high school.
They wouldn’t be getting a pass. You would be paying their loans off.
I am very sympathetic to his rent going up in the Biden economy but he took the debt to better himself, he owes the debt. Believing someone else should pay his student loans is privileged thinking. He’s the one who will directly benefit through higher income not those of us who paid our loans off, didn’t take loans, etc.
The Left is being aggressive on social media with a talking point that the cost of PPP loan forgiveness is more than Biden’s illegal plan. They are trying to use one of their wealth envy attacks.
Biden doing something by fiat is radically different. PPP loans were passed by Congress with it understood forgiveness potential was attached so businesses would take the risk in order for people to have jobs when the Covid panic and lockdowns were over.
Congress passed a law then signed by a president vs. radical executive overreach. One of these is representative democracy and one of these is dictatorial. The press is quietly on Biden’s side because they know it swayed younger voters, maybe even some middle aged voters like the man in this article.
Yep. When I went in to RN school, my 2nd time in college I made sure to talk with all the supervisors and charge nurses. I was working full time in the hospital of my choice two months after graduating and two weeks after getting my license.
Good thoughts. Nice list of discretionary expenditures. If only the ne’er-do-wells could understand the meaning of discretionary.
Slo Joe and the Marxist Dems are pushing this un constitutional idea to garnish votes just like ignoring the Southern Border. Its all for votes.
Some of these college graduates have to work at both Starbucks and McDonalds to pay off the debt they incurred by partying at College for 8 years.
Its personal debt taken on voluntarily. Its their loan. Its their responsibility.
Gynosociety like ours trains people to demand they white knight for people and take on other peoples problems. And try to shame them if they don’t. Its disgusting to see grown adults doing this, thinking they have are entitled to it.
Unless they plan on sharing their income with all of us -which is what they are asking everyone else to do for them - then Ican’tsee how they have any moral claim to anyone else’s momey that they ALSO work hard for.
Problem is its not just democrats.
How’s that precious degree working out for you now, Bagley? Maybe you should sue the school for your money back.
Its guaranteed welfare (wealth transfer) to colleges/universities.
“You forgot “through the snow”.
…and it was two feet deep! And THEN came the winter!
Three years as a plumbing apprentice is better than 8 years of college and medical school. You end up making the same amount and nobody sues you for killing someone when you leave a tool behind.
The Supreme Court said the executive branch can’t do this unilaterally. If Biden wants it, he needs to get Congress to pass it.
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