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‘That debt is just up to people’s necks’: Schumer wants Biden to forgive $50K/person in student loans By TIM BALK
nydailynews ^ | 04/16/2021 | Tim Balk

Posted on 04/19/2021 10:39:53 AM PDT by ChicagoConservative27

Sen. Chuck Schumer pressed President Biden on Friday to use executive action to wipe out up to $50,000 in federal student loan debt per borrower, centering veterans and service members in his latest push.

Flanked by a group of local veterans at Hunter College on the Upper East Side, the Senate majority leader said that too many college graduates — including combat veterans who risked their lives overseas — are shackled with crushing debt that plays an outsized role in their life decisions.

(Excerpt) Read more at nydailynews.com ...


TOPICS: Culture/Society; Government; News/Current Events; Your Opinion/Questions
KEYWORDS: biden; loans; schumer; student
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To: ChicagoConservative27

‘forgive’??

And WHO forgives taxpayers’ debt, once WE all go into the red taking care of that stuff?


81 posted on 04/19/2021 11:31:20 AM PDT by SMARTY ( "Force always attracts men of low morality. " Albert Einstein)
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To: snoringbear

Ditto. What he well said.


82 posted on 04/19/2021 11:32:16 AM PDT by centermass_socrates (Keep it clean, keep it loaded, and keep it handy.)
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To: ChicagoConservative27

veterans Post-9/11 GI Bill 2019 benefits

“Public School
All Tuition and Fee Payments for an in-State Student

“Private or Foreign School
Up to $24,476.79 per academic year National Maximum”

“Your Monthly Housing Allowance (MHA) is generally the same as the military Basic Allowance for Housing (BAH) for an E-5 with dependents. Your MHA is calculated based on the zip code of the campus where the student physically attends the majority of classes”

https://www.benefits.va.gov/GIBILL/resources/benefits_resources/rates/ch33/ch33rates080119.asp


83 posted on 04/19/2021 11:35:27 AM PDT by Brian Griffin
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To: Wally_Kalbacken

“never got a residency”

Perhaps the number of residencies should be increased.

On a related note, just this morning, NPR was saying that Florida is going to allow a doctor to have 10 physician assistants working under the doctor.

NPR also said some states have no limit per doctor.

Some doctors are very upset that Florida will retain a limit.


84 posted on 04/19/2021 11:44:07 AM PDT by Brian Griffin
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To: ChicagoConservative27

Let’s get the government out of the student loan business. Less people will be able to afford college, and maybe the price will come down.


85 posted on 04/19/2021 11:45:41 AM PDT by 1956tbyrd
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To: G Larry

Make those who stupidly signed up for the debt pay it off.


86 posted on 04/19/2021 11:47:56 AM PDT by 9YearLurker
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To: HighSierra5
"What about mortgages..."

Amen. I'll pay off little Scooter's student loan and you guys pay my mortgage - K?

87 posted on 04/19/2021 11:55:36 AM PDT by Psalm 73 ("You'll never hear surf music again" - J. Hendrix)
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To: refermech
"Chuck is just doing what democrats always do. He’s buying votes with our money"

I'm not so sure that is the plan, but it seems the obvious goal. This may be more divide and conquer.. 80% of the people in debt are going to be upset with those that have their loans forgiven. It is all about stirring us up, dividing us, and bankrupting the country

88 posted on 04/19/2021 11:56:22 AM PDT by Archie Bunker on steroids (You may not take an interest in politics, but politics takes an interest in you "Pericles" )
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To: redgolum
It's harder to work your your way through school now thn it was 40 years ago for sure, but it's possible.

I worked two jobs during the school year and then a full time job in the summer

Graduated a year early from high school and it took me 6 years to finish so I graduated a year later than my high school class.

The big issue is the the growth of the welfare state has shifted funding priorities from a goal of subsidizing state universities to keep tuition as close to zero as possible to paying social welfare transfer payments to non working and non productive members, socializing the cost of medical services and vastly inflating the price taxpayers pay for a K-12 education - with a huge drop in the learning achievement of current K-12 grads which adds the cost burden of remedial education for entering freshman students to the University overhead budgets.

A non trivial portion of the tuition goes to teaching new students things they should have been taught in high school.

89 posted on 04/19/2021 11:58:03 AM PDT by rdcbn1
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To: SamAdams76

For university education in England, repayment is a percentage of a graduate’s income above a base amount that varies by country of post-school residence.

This method protects the student, but not the nation. Many loan balances will not get paid off by the graduate.


90 posted on 04/19/2021 11:58:57 AM PDT by Brian Griffin
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To: Archie Bunker on steroids
It is all about stirring us up, dividing us, and bankrupting the country

Democrat ideas never persuade people, they need anarchy and forced power to rule.

91 posted on 04/19/2021 11:59:29 AM PDT by 1Old Pro
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To: ChicagoConservative27

When I first glanced at the headline I thought Schmucker was talking about the US taxpayers. Guess the irony is lost on him.


92 posted on 04/19/2021 12:00:01 PM PDT by colorado tanker
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To: Nateman

Has Schumer asked the Chinese to “forgive” the debt America has run up with them?


93 posted on 04/19/2021 12:00:26 PM PDT by pfony1
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To: 9YearLurker
My point is that there is no excuse for these tuition prices in the first place.

Fire half the administration and nobody will notice.

I learned just as much in old WWII barracks as they do in marble paved buildings.

94 posted on 04/19/2021 12:00:44 PM PDT by G Larry (Force the Universities to use their TAX FREE ENDOWMENTS to pay off Student loan debt!!!)
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To: Brian Griffin

Can’t believe this took 80 some posts! And their children get it too. Two years I think?
What is he talking about?


95 posted on 04/19/2021 12:04:45 PM PDT by VA40
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To: ChicagoConservative27

“Flanked by a group of local veterans at Hunter College on the Upper East Side, the Senate majority leader said that too many college graduates — including combat veterans who risked their lives overseas — are shackled with crushing debt that plays an outsized role in their life decisions.”

At Hunter, non-resident tuition appeared to max out, based on program, from $11,160 to $18,000/year.

http://www.hunter.cuny.edu/onestop/repository/files/finances/fall-2019-tuition-table-wo-fees-10-1.pdf

The current GI Bill should cover that tuition for qualified veterans I believe.

Hunter has mandatory fees too.


96 posted on 04/19/2021 12:05:53 PM PDT by Brian Griffin
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To: redgolum

My neighbors’ daughter became a physician assistant.

Her student debt was paid off by her employer after two years of employment.


97 posted on 04/19/2021 12:07:45 PM PDT by Brian Griffin
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To: ChicagoConservative27

Savings rates are at an all time high.

One has to wonder if both statements can be true.


98 posted on 04/19/2021 12:07:45 PM PDT by Vermont Lt (. )
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To: Vermont Lt

“Savings rates are at an all time high.”

Newsom, Cuomo and Whitmer make it easy to save money by limiting the places where you can spend it.


99 posted on 04/19/2021 12:10:14 PM PDT by Brian Griffin
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To: ChicagoConservative27
My son has a PhD in physics that we struggled and paid for.
I remember him coming home smelling like an onion ring after working W/E's at Sonic to help with his expenses.
Why should I be made to pay for others education.
100 posted on 04/19/2021 12:14:30 PM PDT by blam
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