Once again, you cancel student debt there will be no more investors willinh to fund new student loans. What are they going to do? Force investors to fund student loans after allowing default on student loans?
Taxpayers end up footing the bill. Who gave the government the right to steal from one group to give to another?
Schools have a new minimum Tuition level.
How does one limit new students? Colleges now have an incentive to sign up anyone to study! Grades? Testing? all out the window. New college admission requirement standards; Breathing and can sign your name!
My sons paid off their loans all by themselves. They did something a little old fashioned...they WORKED during and after they got out of school.
Mrs rktman will be expecting a check for what we paid off decades ago. 😕
One of my liberal relatives just paid off a student loan.
I wonder how this will go down.
I paid off my student loans decades ago. Do I get a refund? Nah, they consider me a chump for paying my debts.
Hey, Chuckie.... I paid my kids schools off in full. Do I get $50,000 back?
He is correct, mid terms getting closer and closer
Sure, make me pay for them. Do my children, who faithfully paid their student loans, get reimbursed?
Closer than ever before, but not close enough to do it before November, I suspect.
US Fed.gov have been in permanent deficit mode since 1970, with a brief period of surpluses under Clinton/Gingrich.
Deficit levels went in a step-formation, from $billions, to $tens billions, then to $hundreds of billions in the last decade
Now we have entered the era of permanent, $Trillion deficits.
College finance directors understood this change in policy better than Congress ever did and proceeded to similar limitless increases in tuition.
Now if the debt is forgiven, the environment that created the problem will remain in place and the same problem will quickly reappear.
Can Biden do this??? I thought that was a matter that had to decided by Congress.
This has nothing to do with the pandemic. Yet they did it during the pandemic. They also illegally invalidated rental contracts between renter and tenants. So it was obviously their intention all along.
They took full advantage of the pandemic to get their wishes fulfilled. First they scared us. Then they confined us to quarters. Then they gave us lies. Then they forced us to get the vax, firing us if we didn’t. They had bigger plans but couldn’t implement them: the vax “passport,” in reality a controlling mechanism that was to block entry into essential buildings and services.
To see what they wanted to do, look to the nice, wussy milquetoast country to the north. They wanted to do all that here, but couldn’t. Something to do with that pesky second amendment.
I VOTE NO
Well as long as we’re bestowing powers that we don’t have… I declare myself the emperor of the north.
Grooming College kids for the election.
What about loans for trade school graduates? Or how about equipment loans for tradesmen without any formal education? And those trucks that haul goods across the country aren’t cheap. Why do only college students get these breaks? Hell, my house has me in debt ... how about mortgage forgiveness?
And what would be my process of sueing the government to recover the money I paid to the government paying off my own student loan completely …(as I had promised by contract)?