Posted on 11/19/2022 9:36:54 PM PST by SeekAndFind
Stick a fiscal fork in ’em: These student loan debtors are done.
As they contend with a second legal setback to President Biden’s estimated $430 billion student debt cancellation plan, some exasperated borrowers told The Post they won’t ever pay another penny toward their massive tabs — regardless of how it might impact their future finances.
Rather than having up to $20,000 forgiven as Biden vowed in August, the fed-up debtors remain among the more than 45 million borrowers who owe a total of $1.6 trillion in federal student loans. The average undergraduate borrower leaves college with nearly $25,000 in debt, according to a Department of Education review, and payments often start six months out of school when cash can be especially tight. As a result, roughly 16% of all borrowers are currently in default, federal data shows.
Halted at the beginning of the pandemic, monthly loan bills are set to resume in January unless the pause is extended for a ninth time. But current and former students, including one who owes a staggering $118,000, said the looming payments are simply above their pay grades, especially in post-pandemic America.
Some 26 million people applied for the loan relief plan that critics claim could intensify inflation and 16 million had already been approved as of last week, White House press secretary Karine Jean-Pierre told reporters.
(Excerpt) Read more at nypost.com ...
He’s got that covered. As he is unemployed, he will have no wages to seize.
Did not know not paying back debts was an option...
Let’s see-
Easy low rate loans to (mostly) persons who have little or no income, usually no significant eirk record, and who have not built a credit history
And it’s oppression???
Give us a break! These deadbeat grifters need time in debtors prison instead of spewing their self-righteous woke false narratives all over us taxpayers — who they want to pay their bills for them.
We need to reign in these easy loans. Screen applicants as best possible for honesty and integrity. Limit the loan amounts and especially when not studying to acquire some useful salable knowledge or HMB skills. Lend to the worthy not the scam artists.
Yes, and that monster they voted to birth and feed.
Bring back debtors’ prison!
We’ll see how that works for him with student loans...
LOLOL
Yep!!!
I paid mine back. fkrs!
I wonder what useless degree he went into debt for?
Right now, his career path is mayor, state representative, Congressman, or perhaps even a Senator with a (D) after his name.
All this loser has is $25,000 in student debt? My student debt was a lot higher than that and I paid off my loans. His payment is $300? That is a car payment, what a spoiled little sh*t!
I am so tired of these entitled buttholes. They will garnish his wages and the Government will get their chunk out any tax refunds or social security he may get.
Put ‘dead-beat’ students in jail or garnish their wages.
My 3 biological children put themselves thru colege by working. Also, 8 of my adopted children. These students are thrives.
NO GOVERNMENT LOANS!
https://www.youtube.com/watch?v=dmGk8JAMhBw
Plus it will wreck their credit score even more..
Already paid for.
“I took out LOANS, and I want all you honkies to pay for them! Wah!”
BTW, the loan system is a scam to allow colleges and universities (and professors) to keep increasing their tuition and fees. Stupid students fell for it.
So, in summary, he is a theif. Off to jail he goes.
Taking the money out of the hides of the schools would quiet much of the talk of student loan forgiveness. I strongly suspect that many students are steered into loans when other methods of paying for their education would also work. Schools have been suffering a massive bloat in administrative staff for the last 30+ years, pare this back and the cost of education would fall significantly.
Forcing higher ed to cut personnel, and actually steer students to various work/co-op programs to pay for their education will reduce the number of people insulated from reality.
Agreed!
If these little a-holes would have been paying attention in 7th grade economics, or civics class, they would have recognized the fact that these loans were a bad deal, and designed to keep them as serfs, for a good portion of their impoverished lives.
“ You gotta be tough, to be dumb.”
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