We paid for our children to earn their Associate’s degree and gave each one a nice car.
My eldest financed his last two years, graduated with his Bachelor’s, and is now working for a law firm.
His student loan is in “abeyance” and he hasn’t had to pay anything.
If they have been, future funding of student loans is wiped out. Fooled once, twice, not again.....
https://www.cnn.com/2024/10/17/politics/biden-student-loan-forgiveness/index.html
With less than three weeks before the November election, the Biden-Harris administration is reminding voters how it has delivered a historic amount of student debt relief even as Republicans have challenged several of its efforts in court and balked at the costs.
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Another round of forgiveness was announced Thursday, bringing the total amount of student loan cancellation to more than $175 billion for nearly 5 million people since President Joe Biden took office. That’s roughly equal to 11% of all outstanding federal student loan debt.
Biden’s signature, one-time student loan forgiveness program was struck down by the Supreme Court last year. It would have canceled up to $20,000 of student debt for many low- and middle-income borrowers. In 2022, 16 million borrowers got an email from the Biden administration that said they qualified for debt relief – but no loan forgiveness was ever granted by the program.
Sam, not an answer to your question, but an observation ...
I enjoy your writing so much that if you just wrote the alphabet over and over I’d read it.
Merry Christmas to you and yours.
More than 1 million of these student loan borrowers received debt relief through the Public Service Loan Forgiveness program, which promises loan forgiveness to public-sector workers – like teachers and nurses – after they’ve made 10 years of qualifying payments.
My daughter has a degree from univ of phoenix…. Last round, her balance went to zero without any request. She was behind.
Fate Of Student Loan Forgiveness Likely Dependent On the Supreme Court And The Upcoming Elections
As the Biden administration appeals the 8th Circuit’s recent injunction, the Supreme Court is poised to have the final say on student loan forgiveness under the SAVE plan and several other IDR plans. Any challenges seeking to block the upcoming mass student loan forgiveness program expected to launch in October may also wind up at the Supreme Court, as well.
But the upcoming November elections will also be critical in determining the fate of student loan forgiveness and student debt relief in general. Most of these legal challenges rest on arguments that Congress did not authorize the relief being provided, and that the Biden administration essentially went too far, beyond what Congress intended when it passed legislation that officials relied on to create these programs. Should Vice President Kamala Harris win the White House, and if Democrats also manage to hold the Senate and retake the House of Representatives, they could pass legislation codifying these programs, shoring up their legal basis and effectively neutralizing these legal challenges.
I have a degree from the Art Institutes - one of the private colleges that were shutdown. I still have a few years left on my loans and I was within their “covered window” but mine weren’t wiped out. Most of my loans were private Sallie Mae now Navient etc, but I did have some stafford subsidized that theoretically should have been covered but weren’t. I have a suspicion that maybe they have a political list ;-)
The US Army paid for my tuition.
All I had to give them in return was possibly my life.
Mine didn’t, neither did my wife’s, but we paid them off back in the 80’s. Our three kids have too, but two had athletic scholarships and one with an academic scholarship which helped mitigate their debt. My wife and I helped them monetarily to pay off their debt. I sure would like a check from Joey before he retires.
Not now that they lost
That's about as complicated as being able to make coin change if the cash register doesn't provide the answer. That USED to be a common skill, but not so much anymore.
I sure hope you took advantage of the gravy boat when it came around the table.
I’ve wondered that too - can’t recall seeing any data. That’s one thing DOGE can and will address - - crowdsource it all, put the data out where the internet sleuths can get at it and stand back.
The data will flip the script on Congress - put them in the position of having to try to justify the wasteful and stupid says the government spends taxpayer money - to actual taxpayers, face to face, at home in their districts.
That’s really the only pressure they respond to. They don’t feel shame or guilt - the only time they get worried is when their good thing is about to come to an end.
And if any loans have been forgiven under Biden’s programs that violate the guidelines the Scotus laid down, they ought to be reversed and the loans called to be paid in full. Where they get the money is Not My Problem.
In the old days, I assumed student loans from my undergrad studies at MIT. My graduate work at Harvard was covered by an NSF Fellowship.
My student loans were forgiven—a bit at a time—by my university teaching. Any kind of teaching, including K though 12, would have the same result. Eventually, I had no more student loan debt.
It seems that the same provision exists today.
https://www.tateesq.com/learn/student-loan-forgiveness-professors
Millions of STEM degrees were forgiven. My wife’s graduate degree was forgiven. Shocked her. She didn’t think she fell into any special group being forgiven.
Yes. I know of several.
Yeah, several billion dollars worth if I recall.
They were forgiven for people who paid fraudulent colleges/unis and for people who have paid for ten years but who worked as first responders or other public jobs.
The rank and file people did not.
I paid for my BSEE myself, going to community college and then a State University. On a continuing education program. Eff these moochers. Reinstate all loans. They can eat Ramen until the loans are paid.
I paid off my kid’s student loans they took without telling me and a nephew’s, $12,000 which he filed bankruptcy instead of paying me back. And, no, none of them offered to help me when I lost everything in Almeda fire.