Posted on 08/08/2022 7:12:00 PM PDT by 11th_VA
The ongoing pause on most federal student loan payments is set to end in on August 31. And President Biden has also indicated that he will make a final decision about enacting broad student loan forgiveness by that date, as well. With only weeks to go before this key deadline, millions of student loan borrowers are dealing with unprecedented uncertainty as they await a formal announcement.
(1) the Education Department has put procedures in place to implement a wide-scale student loan forgiveness program. Biden simply has to give the word...
(2) Biden administration officials have said throughout the year that economic and pandemic data would guide the decision process about a further extension of the student loan pause...
(3) Last month, the Biden administration suggested in court filings that it endorses — at least to some extent — a legal argument that the Secretary of Education has broad discretion to cancel federal student loan debt...
(Excerpt) Read more at forbes.com ...
They are really getting desperate.
Get ready to “Go Gault+”
Don’t just drop out. Sign up for any welfare you can. Don’t just stop feeding the beast, steal its food.
a local professor who makes close to $300,000 just had her $90000 loan miraculously forgiven....she had rolled her house into it as well....
Yeah - and they just spent the Budget 'savings' from the recent tax legislation
Any day now.
how much sacrifice so many have been put thru to get their education or their house or their car and here we have just a big old giveaway....
They never seem to talk about what happens to kids who are, maybe, 16.
Are they just supposed to shrug and say, “Guess I missed the big Loan Forgiveness. I suppose I’ll go heavily into debt now ...”
I’m against the whole thing — and I think it’s worse when you can see some that are picked as Winners and some are just Losers.
And, of course, good people who paid off their loans are also Losers: “What a schmuck I was! I paid off my loan exactly I was legally required to do. What an idiot I was!”
Wonder if you can appeal to the Supreme Court. I think Joe Biden would have the authority to wipe loans for any employees in an institution receiving federal funds. If you work for the government, etc. Otherwise, if you are gainfully employed in the private sector, you'll have to pay back the loans.
Your body your choice.
Your loan your payment.
I hope most people have the common sense to see this for what it is: a big fat bribe to buy votes.
But common sense is so lacking in this country, who knows?
The president is supposed to carry out policy, not make policy. So this is a decision only Congress can make.
But then again, who would try to stop Biden if he decides to cancel student debt? Answer: No one, except maybe Rand Paul. That’s one person out of a Congress of 535.
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So just how does this work? Does this make all collage free from now on, or do they still give new student loans? And will those student loans be forgiven in the future? Why not, makes about as much sense as anything this government does.
Take the money from the universities and colleges who peddle a worthless product to naive teenagers
Yes it’s called a moral hazard.
Debt forgivness is considered taxable income per IRS code. So state and federal income taxes on $90,000 might be $20,000 payment in full in the year the debt forgivness occurred.
No I think they’ve already changed the irs law/policy about “forgiven loans counts as taxable income.” Not anymore
talk about instantly creating a whole class of pariahs...
did you mean parasites?
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