Posted on 07/22/2023 5:56:54 AM PDT by MtnClimber
Faster than you can say "privileged student freeloader parasites," President Joe Biden (D) announced still yet another plan that will "forgive" students from repaying loans used to pay high tuition at expensive colleges so they wouldn't have to attend taxpayer-supported, low-tuition public colleges. Or work. Or attend job-focused trade schools.
"Can the Secretary use his powers to abolish $430 billion in student loans, completely canceling loan balances for 20 million borrowers, as a pandemic winds down to its end?" wrote Chief Justice John Roberts in the majority opinion for Biden v. Nebraska. "We can't believe the answer would be yes."
And thus, the mean justices of the Supreme Court, who dutifully followed the law, forced his hand, Biden proudly proclaimed, when they struck down his original plan to relieve more 39 million student borrowers from repaying their loans. Not willing to follow the law as proclaimed by knowledgeable Supreme Court justices, instead, under Biden's new and definitely unimproved scheme,
[t]he Biden administration said 804,000 people will learn that their debt has been discharged. These are people who were enrolled in IDRs (income driven repayment) and who have accumulated the equivalent of either 20 or 25 years of qualifying monthly payments, the administration said. ...
Why are they getting loan forgiveness now?
The administration said it is discharging the loans now because it wants to fix "historical failures" in how IDRs were managed.
"Historical failures." Hmm...does that mean that lower-income Democrat borrowers, majoring in grievance studies, who couldn't find jobs, resented repaying their loans and threatened to sit out elections, thus depriving Democrats of their votes? Just asking.
(Excerpt) Read more at americanthinker.com ...
I worked two, sometimes three jobs to pay for college. I never took out a loan. Can I get my money back?
I served and used my GI Bill and paid back my loans. Can I get some PPP or Ukraine money?
Reparations?
WIC, SNAP, EBT, etc.?
I basically saved all the money myself to put four kids through college. Can I get my money back?
Can a guy take a student loan of $40,000 and buy a car with it?
Biden says “I will forgive student debts.”
Supreme Court says “You can’t.”
Biden says “I will forgive student debts anyway.”
“Student loan forgiveness” is how the sorriest bass turd on this planet got himself elected to the Presidency of the United States. This country has gone to hell.
Payed for my college by working evenings, Saturday, and Sunday at Safeway.
Spent my summers working.
Missed a lot of fun with my friends, but no college debt.
I agree with you. I want my damn tuition money back WITH 34yrs INTEREST! Hell my son should get his too. He graduated in 2021 with Engineering Degree and what few loans he had HE paid off within 6 months. I demand both or our tuitions paid to us as reparations!!!
Time to start Raiding all those Multi-Billion dollar Endowments these universities are sitting on!! Take it All!
I do find it odd that I can get $50K in CC debt, spent on booze and strippers and I can discharge that via bankruptcy, but an 18 year old can never discharge student debt.
I understand that “they’re adults and should be held responsible”, but what about the 45 year old with a MBA lending money to an 18 year old.
Are they responsible in some way?
Biden’s digital dollar will make it easier for them to steal all the money
Are you white? Sorry…
We need reparations!!!
I think that the names of the people who receive relief from student debt and the dollar amount of the relief should be published in a searchable database like they have for FEC contributions. (The Web site could be easily adapted and published.)
For a few years, one of my college jobs was doing math tutoring for students using the GI Bill to go to college.
That’s a win win job.
Cali?
I identify as an 16 year medical school graduate from a prestigious learning institute... where’s my mo-nayyyy!!!
Biden set a precedent that there is no contract law
Can a guy take a student loan of $40,000 and buy a car with it?
*******************************
Seems unlikely.
From the article:
“If you choose to borrow some or all of the student loans you’re offered, the federal government sends the funds directly to your college to cover your tuition, fees, room and board, and perhaps other school charges. Any loan money left over after that, called a credit balance, is supposed to be sent to you via direct deposit or check within 14 days unless you have asked the school to retain it for future expenses.”
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