A "Simpler solution"; after President Trump is elected again, have the government process the applications, real sloooowww. And never approve any of them.
Posted on 09/17/2023 6:44:54 AM PDT by where's_the_Outrage?
As U.S. President Joe Biden’s stalled student loan forgiveness plan means repayment is set to resume on Oct. 1, a growing number of student loan borrowers are claiming they either cannot or will not pay the debt back.
In fact, an August survey from student and education resource publication Intelligent.com revealed that 62% of respondents said they are considering boycotting loan payments in the fall as almost half of them doubt they will be able to afford those payments.
Twenty-nine-year-old Shahem Mclaurin took to TikTok to ask hard questions about whether borrowers like him should protest what many view as systemic unfairness by refusing to pay back their loans.
“Are we not paying — like collectively, as a whole,” he said in the viral video, “meaning if you put a payment down you are breaking, you’re crossing the line?”
“How are we going to move? Because they can’t keep getting away with this stuff … if we don’t pay, they are the ones who are going to suffer, not us.”
Half of the Intelligent.com survey respondents believe a boycott could lead to total debt forgiveness........
The Education Data initiative also reported that the average federal student loan borrower has $37,338 outstanding, and the average private debt is $54,921 per borrower.......
The government can also withold Social Security benefits, which could impact the finances of the millions of borrowers over the age of 62 who have an average outstanding student debt of $41,778. Also, about 23% of that $1.6 trillion of total debt is held by borrowers over the age of 50.
(Excerpt) Read more at moneywise.com ...
LOL! I like azzhos better but sometimes I leave out a z.
Not enough for me to blame them. This is an appointment.
Close to 50% is not enough? Less than 6% decides the vote and it does not matter if it is illegal or not. It decides. Maybe not half in your area but half across the nation are people who willingly and happily cancel your vote. That is not enough for you to blame them? It sure is for me.
Biden's handlers came up with this plan. He's not cognizant enough to correctly parrot the words, nevermind come up with the ideas behind them.
They are the people who need to be held accountable.
“I can’t afford to pay” try that crap with child support. FAFO
They are the people who need to be held accountable. “
Of corse. “Biden” is the Biden mob That’s understood in my circles when saying ‘Biden’ but very worth pointing out
Biden hasn’t had a thought of his own since prob about 2014
Amen Brother, the wife and I were there.
This should be interesting.
Every one of those idiots can do an income verification with FAFSA and get their payments reduced without having their amounts owed increased.
No crying for those idiots.
A "Simpler solution"; after President Trump is elected again, have the government process the applications, real sloooowww. And never approve any of them.
Yes, people have misfortunes sometimes but they all didn’t have a misfortune. When that state cut off their driver’s license or nurse’s license and all of a sudden 98% of them started paying again - that tells me a lot!
My suggested change to the bankruptcy law wasn’t about helping the deadbeats Biden is trying to reward. It was about helping people with student loans who have suffered a genuine misfortune. In many cases that may be medical in nature. In other cases it may be that the skills they learned in school are not in economic demand for a prolonged period of time. The idea of helping the truly unfortunate discharge their debts in bankruptcy is to avoid helping everyone else who doesn’t really need the help.
Mike Rowe DEMOLISHES Student Loan “Forgiveness” with Charles C. W. Cooke
https://www.youtube.com/watch?v=5s3KSry3eFc
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