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In A Reversal, The Education Dept. Is Excluding Millions From Student Loan Relief
LAist ^
| 9-29-22
| Cory Turner
Posted on 09/29/2022 2:14:19 PM PDT by Brookhaven
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Bottom line: if you write a check each month to the
federal government to pay off your loan, you are still eligible.
If you write a check to a commercial bank, you are NOT eligible for loan forgiveness.
About 4 million voters Biden was hoping to buy off in the fall election are now mad as hell.
To: Brookhaven
To: Brookhaven
3
posted on
09/29/2022 2:16:00 PM PDT
by
Pajamajan
( PRAY FOR OUR NATION. Never be a peaceful slave in new Socialist America.)
To: Brookhaven
To: Brookhaven
I guess when you just make things up when you go, and are doing things completely outside of any legal framework, it is hard to apply the rules, or know what the rules are, or even know if there are rules.
To: Brookhaven
Multiple legal experts tell NPR the reversal in policy was likely made out of concern that the private banks that manage old FFEL loans could potentially file lawsuits to stop the debt relief, arguing that Biden's plan would cause them financial harm. Six states just sued to Gov’t using this argument as harm … (in my Paul Harvey voice), ‘and now we know, the rest of the story’
6
posted on
09/29/2022 2:22:51 PM PDT
by
11th_VA
(XX < > XY)
To: 11th_VA
Someone else is suing arguing that the loan forgiveness would saddle him with an immediate tax bill he cannot pay.
You must pay taxes on any forgiven debt in most states.
7
posted on
09/29/2022 2:25:01 PM PDT
by
Brookhaven
(Ted Cruz said Jan. 6 was terrorism; don't forget that the next time you vote.)
To: Brookhaven
Is
anyone currently paying off their student loans?
I thought Covid forbearance on student loans had been extended to the end of 2022.
To: lee martell
Gotta love the gubmint... giveth with one hand, take back with the other!
“There’s a sucker born every minute!” - P.T. Barnum
9
posted on
09/29/2022 2:33:48 PM PDT
by
FiddlePig
(The greatest threat to our sacred liberty is to not value it!””)
To: Brookhaven
I did not know that. Thank you!
10
posted on
09/29/2022 2:35:23 PM PDT
by
MarMema
(No bugs for consumption)
To: Brookhaven
11
posted on
09/29/2022 2:35:54 PM PDT
by
kiryandil
(China Joe and Paycheck Hunter - the Chink in America's defenses)
To: lee martell
racist :)
don’t you know its “first persons giver”
/s
To: Angelino97
Smart people would keep making at least the same payment they were. With no interest being charged, they could’ve made a nice dent in their loans.
To: Brookhaven
I’m surprised they didn’t hold off until 9 November.
To: Brookhaven
Forget those poor souls!
Us poor suffering taxpayers, who will have to payoff these non-performing student loans ARE REALLY PISSED OFF!
Way to go, Joe! Keep it up and keep pissing us off!
15
posted on
09/29/2022 3:03:18 PM PDT
by
Taxman
(SAVE AMERICA!)
To: Brookhaven
I graduated from Stanford 2007. I took part time jobs, was on half-scholarship due to athletics and never asked money from my parents. The new gen these days are effing weak and irresponsible. I took the Pell Grant only as a “just in case” insurance but paid it back quickly, and was debt free within the year after graduation.
16
posted on
09/29/2022 3:28:49 PM PDT
by
max americana
(Fired leftards at work since 2008 at every election just to see them cry. I hate them all.)
To: Brookhaven
Eh. Bidet will wave his magic diaper and fix this.
17
posted on
09/29/2022 3:33:47 PM PDT
by
dynachrome
(“We cannot save Ukraine by dooming the US economy.” Rand Paul)
To: TexasFreeper2009
To: Brookhaven
Classic. These bumblers would F* up a wet dream.
To: Brookhaven
Now just tell the rest of the deadbeats the same thing!
20
posted on
09/29/2022 5:54:01 PM PDT
by
ProtectOurFreedom
(“I used to be nothing but a Deplorable Clinger, but I've been promoted to Brigadier Ultra-MAGA”)
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