After Student Loan Forgiveness, 73% of Borrowers Plan to Spend More on Travel and Dining Out

MSN ^ | 11/09/2022 | Kamaron McNair

[Bon of Babble]

Any day now, federal student loan borrowers throughout the U.S. could see their balances reduced by up to $20,000 thanks to President Biden's student debt forgiveness plan

[Bon of Babble]

"73% of anticipated recipients say they expect to spend their debt forgiveness on non-essential items, including travel, dining out and new tech, according to a recent survey from Intelligent.com."

[Bon of Babble]

[cranked]

The Right Hand: Debt.
The Left Hand: More Debt.

[Flick Lives]

They’re like personal-size versions of the Federal Government; no matter how mush income comes in, more goes out.

[OttawaFreeper]

Not surprising that they will simply continue to live that good bit above their means as what their celebrity-based culture and politics has them doing already. We all take it on the chin for this sort of behaviour, but it is these people who will still have to take in the real consequences.

[ConservativeInPA]

I’d like to spend more money dining out and traveling, but I am debt free. Where’s mine Uncle Sugar? C’mon just print more money and gimme it.

That’s the economic sophistication of most Americans thanks to government school groomers.

[joshua c]

shouldnt there be a stay until it is ajudicated?

[Mr. K]

If they’ve got extra money for travel and vacations then they can pay their d*** loans...

Student debt was not canceled it was just transferred from them to us.

Can they blame us for not wanting to pay their student loans? They don’t want to pay them either.

[Brookhaven]

College graduates, as a group, make more money than non-grads.

Most can afford to pay off their loans.

This story demonstrates they don’t need the money to pay off their loans.

[nascarnation]

I think it bought a lot of votes.

[dennisw]

Spend on marijuana gummies too.

[ApplegateRanch]

For some borrowers with high balances, the change in monthly payments might not even be noticeable. But every little bit helps. As interest returns, it's smart to keep track of your spending and stay on top of your minimum payments.

Minimum payments are a trap, and will never get them out of debt, and the people writimng & consulting on the article know it.

Shameful!.

[Lazamataz]

Hell, Biden can kill the program if he wants. Not like there will be any reprecussions from doing that.

But he’ll do it. The Republicans cannot and won’t stop him, and it will further destroy the US.

[Lazamataz]

I don’t want to pay for anything any more.

I don’t want to work any more.

I want to be a stinking liberal scumbag.

[BitWielder1]

How about paying towards your *other* debts and obligations?

[hinckley buzzard]

Of course. Squandering their money on nonessential items is why they are still in debt to begin with. Why would they change their ways now?

[MCSETots]

So the mo ey earmarked for student loan cancellation isn’t going to be used for student loan cancellation?

There’s a shocker . . .

[Dan in Wichita]

The fact that the courts so far have ruled the forgiveness plan is unconstitutional is irrelevant to these people.

As the left has done for decades, they just keep charging forward relentlessly with their agenda. It does not matter if what they are doing is legal or not.

[JoJo354]

Isn’t it wonderful that we taxpayers have paid for these people’s vacation. Great job America!

[ridesthemiles]

ONLY the HOUSE OF REPRESENTATIVES controls the spending of money.

Forgiving these loans is the same as spending money.

BIDEN DOES NOT HAVE THAT POWER

Biden ran on a campaign LIE.

IT WILL END UP AT SUPREME COURT, IMO.