student loan forgivemess

[scottw]

Originally Posted by wdmso

Many people got the relief who never finished school

if you didn't finish school but took out loans, you still have to pay the loans because you went to school with the money for the loans...

[Pete F.]

Today in the U.S., corporations will steal $137 million in wages, rich people will steal $2.75 billion in taxes, and 1,300 people will die from poverty, air pollution, and medical error. Think about who benefits from the news ignoring this and focusing on student loan relief instead.
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[nightfighter]

Originally Posted by Jim in CT

PPP wasnt a loan that businesses agreed to pay back. the agreement was that it wouldnt have to be repaid if conditions were met.

Student loans were a contract that stipulated repayment. Everyone who took out a loan, including my wife and i, chose to do so

Student loans are nothing like PPP.
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Sure, sure. The SBA made a mistake when they utilized the words; "loan(s)" and "borrower(s)" in their literature and on their website... You never bother to look under the other side of the coin.
How about you give me the name of the company/person you work for and the town/city it/they are located.... I will send you mine if you would like to see how much PPP I put in for. I lost a ton of respect for some locals who took, took, took on this program, yet were billing and working at all time throughout.

[scottw]

Originally Posted by nightfighter

I lost a ton of respect for some locals who took, took, took on this program, yet were billing and working at all time throughout.

this is what happens when government throws money around...

brandon bucks right before an election.....

they'd be the first in line and applying for the student debt "relief"

I hope everyone isn't too disappointed when this doesn't survive legal challenges....

then they can claim our legal system is "broke"....

[scottw]

Originally Posted by nightfighter

Sure, sure. The SBA made a mistake when they utilized the words; "loan(s)" and "borrower(s)" in their literature and on their website... You never bother to look under the other side of the coin.

.

as he pointed out...it was a loan with conditions...

"the agreement was that it wouldn't have to be repaid if conditions were met."

[wdmso]

Originally Posted by scottw

think about how stupid this is....

Looks like your dodging the simple question

If your kids have government college loans that qualified for the 10 relief. Or not?

Still being in school is irrelevant to getting the relief

Unless you’re saying their still in high school and I miss read

But I have two kids in college who have student loans
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[scottw]

Originally Posted by wdmso

Looks like your dodging the simple question

If your kids have government college loans that qualified for the 10 relief. Or not?

Still being in school is irrelevant to getting the relief

Unless you’re saying their still in high school and I miss read

But I have two kids in college who have student loans
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I didn't dodge the question....

if you are still in school(college) and not making payments on your student loans yet, why do you need relief from payment on your student loans?

[wdmso]

Originally Posted by scottw

I didn't dodge the question....

if you are still in school(college) and not making payments on your student loans yet, why do you need relief from payment on your student loans?

Found this hope it helps

https://www.nerdwallet.com/article/l...es-who-gets-it

Question

I’m headed to college or a current student. Will my loans be forgiven, too?
Yes, but only on loans disbursed by June 30, 2022.
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[scottw]

[QUOTE=wdmso;1231916]

Originally Posted by scottw

I didn't dodge the question....

if you are still in school(college) and not making payments on your student loans yet, why do you need relief from payment on your student loans?[/QUOTE

Found this hope it helps

https://www.nerdwallet.com/article/l...es-who-gets-it

Question

I’m headed to college or a current student. Will my loans be forgiven, too?
Yes, but only on loans disbursed by June 30, 2022.
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I asked you a question…why don’t you answer it?
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[wdmso]

[QUOTE=scottw;1231920]

Originally Posted by wdmso

I asked you a question…why don’t you answer it?
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this question

if you are still in school(college) and not making payments on your student loans yet, why do you need relief from payment on your student loans?


If they want or need it or they don’t want or need the 10k relief it is up to the person.

Need or want are Not a condition of the program apply or don’t apply



I asked. If your kids have federal student loans will they get 10k in Relief or they won’t. Not a complex question.

if it is to personal just say so .


You can be against the the program and have your kids benefit .

10k off 50k in loans doesn’t seem like much. But 10 off 25k or if you only have 10k or less that’s a huge light at the end of the tunnel.

My daughter is in that spot now she’s been paying back her loans for the last 5 years has 7k left and when she gets the relief. It will benefit her household income at a time she’s having her 1st child

And if this program didn’t come along she would still be paying her loan like millions of other Americans

It’s just wrong to portray people getting this relive as deadbeats or losers . As if they are refusing to pay back the loans they signed up for ..

But that’s Conservatives for you
Turning this it to working class vs the elite..

When the truth is it’s the working class stiff children are the ones who need federal students loans to go to school and the lion share getting the relief
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[scottw]

[QUOTE=wdmso;1231938]

Originally Posted by scottw

this question

if you are still in school(college) and not making payments on your student loans yet, why do you need relief from payment on your student loans?


If they want or need it or they don’t want or need the 10k relief it is up to the person.

Need or want are Not a condition of the program apply or don’t apply



I asked. If your kids have federal student loans will they get 10k in Relief or they won’t. Not a complex question.

if it is to personal just say so .


You can be against the the program and have your kids benefit .

10k off 50k in loans doesn’t seem like much. But 10 off 25k or if you only have 10k or less that’s a huge light at the end of the tunnel.

My daughter is in that spot now she’s been paying back her loans for the last 5 years has 7k left and when she gets the relief. It will benefit her household income at a time she’s having her 1st child

And if this program didn’t come along she would still be paying her loan like millions of other Americans

It’s just wrong to portray people getting this relive as deadbeats or losers . As if they are refusing to pay back the loans they signed up for ..

But that’s Conservatives for you
Turning this it to working class vs the elite..

When the truth is it’s the working class stiff children are the ones who need federal students loans to go to school and the lion share getting the relief
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this is idiocy......

my kids don't need relieff from their student loan payments because they are not paying on their student loans....

I have twin 18 year olds....one just left for college...according to you she is eligible for "relief" from the strain of her student loan payments and she's only been in college for a week

what sense does that make?

her twin chose not to attend college this fall but may in the spring semester of perhaps next fall

according to you she will not be eligible for "relief" from the strain of the student loans that she's not paying yet
Will my loans be forgiven, too?
Yes, but only on loans disbursed by June 30, 2022.

so a kid entering college now is eligible but a kid entering college next year won't be? or maybe we will just continue this stupidity?

this is a joke and a shameless handout to buy votes.....

I don't know if my daughters will apply for the "relief", we haven't discussed it...you'd have to ask them...they are adults

[scottw]

[QUOTE=wdmso;1231938]

Originally Posted by scottw

this question



My daughter is in that spot now she’s been paying back her loans for the last 5 years has 7k left and when she gets the relief. It will benefit her household income at a time she’s having her 1st child

And if this program didn’t come along she would still be paying her loan like millions of other Americans


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so you are saying she's paying her loans but it will be nice for Biden to maker her loan payment suddenly disappear.....like a gift...from someone you never met.....

Brandon should send Americans with car loans 10 grand...imagine how happy those people will be to have their car loan payments suddenly disappear....maybe they can all buy electric cars

[scottw]

Originally Posted by wdmso

But that’s Conservatives for you

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you know that there are democrats that oppose this...right?

[Pete F.]

Is someone triggered…..
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[scottw]

Originally Posted by Pete F.

Is someone triggered…..
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nope, just think it's a really dumb idea...and pretty transparent...I guess the "national emergency" is that democrats might lose the house in November

[The Dad Fisherman]

Originally Posted by scottw

nope, just think it's a really dumb idea...and pretty transparent...I guess the "national emergency" is that democrats might lose the house in November

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[Pete F.]

Bingo Bango Bongo

Looks like another Republican candidate has removed abortion language from his website.

This time it’s Tom Barrett, who is challenging Elissa Slotkin for a U.S. House seat in Michigan.
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[Pete F.]

Americans:
•Cancel student debt!
•Cancel medical debt!
•Make insulin free!

Most of Developed World:
•What is student debt?
•What is medical debt?
•Insulin is already free!

What GOP call “socialism”—even conservative parties in most developed nations call a “human right.”
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[wdmso]

Originally Posted by scottw

you know that there are democrats that oppose this...right?

Yep but not all for the reasons
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[wdmso]

[QUOTE=scottw;1231941]

Originally Posted by wdmso

so you are saying she's paying her loans but it will be nice for Biden to maker her loan payment suddenly disappear.....like a gift...from someone you never met.....

Brandon should send Americans with car loans 10 grand...imagine how happy those people will be to have their car loan payments suddenly disappear....maybe they can all buy electric cars

Still won’t answer a simple question

But changed the subject again

Why am I not surprised
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[wdmso]

[QUOTE=scottw;1231940]

Originally Posted by wdmso

this is idiocy......

my kids don't need relieff from their student loan payments because they are not paying on their student loans....

I have twin 18 year olds....one just left for college...according to you she is eligible for "relief" from the strain of her student loan payments and she's only been in college for a week

what sense does that make?

her twin chose not to attend college this fall but may in the spring semester of perhaps next fall

according to you she will not be eligible for "relief" from the strain of the student loans that she's not paying yet
Will my loans be forgiven, too?
Yes, but only on loans disbursed by June 30, 2022.

so a kid entering college now is eligible but a kid entering college next year won't be? or maybe we will just continue this stupidity?

this is a joke and a shameless handout to buy votes.....

I don't know if my daughters will apply for the "relief", we haven't discussed it...you'd have to ask them...they are adults

stop crying like your a victim ! poor me .. but but but

This isn’t fair. Why because it’s doesn’t benefit you.. or will possibly benefit 1 not the other child .





Do not see much outrage with GOP hand outs or claims of idiocy with their tax cuts and their fairness

seems Trump keeping his campaign promises are just that

But Biden keeping his campaign promises are buying votes

conservatives logic hard at work.

What the old saying Timing is everything
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[Jim in CT]

wdmso, here’s a really crazy idea…you pay for your college education, and I’ll pay for mine, and if either of us chooses not to go to college, they don’t have to pay for college

It’s just crazy enough to work.
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[Pete F.]

I’ll take the party offering $10,000 to low and middle class Americans with student loan debt over the party offering $10,000 in bounties for people who capture women seeking an abortion any day.
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[The Dad Fisherman]

They can both go in the crapper, if you ask me

[scottw]

[QUOTE=wdmso;1231954][QUOTE=scottw;1231940]


stop crying like your a victim ! poor me .. but but but

This isn’t fair. Why because it’s doesn’t benefit you.. or will possibly benefit 1 not the other child .


Posted from my iPhone/Mobile device[/

It’s not about being a victim or unfairness it’s just dumb….

[Jim in CT]

Originally Posted by Pete F.

I’ll take the party offering $10,000 to low and middle class Americans with student loan debt over the party offering $10,000 in bounties for people who capture women seeking an abortion any day.
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is 250k a year low or middle class?

Army probates are forced to give money to families making 250k a year. is that progressive or regressive?

[wdmso]

this sums up the tears of student loan haters myopic view of the world

Forgiving student loans has sparked quite the debate over fairness in public policy decisions. Those who are critical of the forgiveness of up to $20,000 feel it is not fair to those who never went to college or who already paid their college loans.
When you think about it, not many policies affect everyone equally. For example, I pay a Medicare premium based on my income. However, I am pretty healthy and never receive medical benefits equivalent to my premium contributions. I am sure others in my premium range receive benefits that are many multiples of my contribution. I also pay a large portion of my property taxes to support public education, although I currently have no children in school. My house has never caught on fire and hence I have never needed to call the Fire Department. Yet, part of my taxes that I have paid for over 50 years goes to support fire departments. I could give example after example. I could view this an unfair. However, society as a whole benefits when its members receive health care and are educated and have fire departments to limit fire damage. Hence, I do benefit from these policies.
After World War II, U.S. taxpayers funded the GI bill that paid tuition for white veterans (talk about unfairness—veterans of color were excluded) to attend the college or trade school of their choice. Millions took advantage of this. And, over their careers, they paid back in taxes many multiples of the benefits they were given. Not every individual was qualified for this program—in fact only a small percent did. However, society as a whole benefitted, not just in the tax dollars that were paid back, but in the contributions these educated citizens made through their work.
I will give one final example. During the early years of the current pandemic, the federal government developed the Payback Protection Program that enabled many businesses to continue to pay their employees and hence to continue their business operations. This benefitted both the businesses and their employees. As a retired person, I received no benefit from this, except that I do benefit when businesses remain operational and when employees continue to be able to support themselves. I am betting that many employees who benefitted from these payments did not go to college and hence did not incur student loans.
Over 10 millions businesses received these PPP loans with an average of $72,500 per loan. All—ALL— of these amounts have now been forgiven. If my math is correct, this totals over $740 million forgiven.
Under the Student Loan forgiveness program, only the first $10,000 for some people and only the first $20,000 for others is being forgiven. Obviously, this is far less per loan than the $72,500 per loan under the PPP. Forty three million Americans will benefit from the student loan forgiveness program. I long ago paid back my student loans. I could view this as being unfair to me. However, I benefit when 43 million people are in a better financial position. This allows them to more fully participate in our consumer economy by buying houses and all the things that go with that (furniture, appliances, etc.). This allows them to save for retirement.
I would ask those who are critical of the loan forgiveness program to think of the public policies that benefit you, but not everyone else. Certainly there are many.
We are a society. We all benefit when others are stronger and more successful.

[wdmso]

Originally Posted by Jim in CT

is 250k a year low or middle class?

Army probates are forced to give money to families making 250k a year. is that progressive or regressive?

of course Jim picks the least likely outcome .. and presents it as the Norm not the exception

FYI the Army gets paid via the taxpayers they also get their housing subsidized by the government BHA starts at 2900 bucks a month for an e 5 and tops out at $5,037 in Boston

I know a lot of people who have had their homes paid for via the taxpayers and its cost them nothing out of pocket


Hell I know 1 person who just made a 100k of the sale of his home which the government BHA basic housing allotment paid his entire mortgage.. and his friend who are not married are forced to live in on base housing and do not get an extra 2900 bucks to buy a home

its not fair but thats the system

[Jim in CT]

Originally Posted by wdmso

this sums up the tears of student loan haters myopic view of the world

Forgiving student loans has sparked quite the debate over fairness in public policy decisions. Those who are critical of the forgiveness of up to $20,000 feel it is not fair to those who never went to college or who already paid their college loans.
When you think about it, not many policies affect everyone equally. For example, I pay a Medicare premium based on my income. However, I am pretty healthy and never receive medical benefits equivalent to my premium contributions. I am sure others in my premium range receive benefits that are many multiples of my contribution. I also pay a large portion of my property taxes to support public education, although I currently have no children in school. My house has never caught on fire and hence I have never needed to call the Fire Department. Yet, part of my taxes that I have paid for over 50 years goes to support fire departments. I could give example after example. I could view this an unfair. However, society as a whole benefits when its members receive health care and are educated and have fire departments to limit fire damage. Hence, I do benefit from these policies.
After World War II, U.S. taxpayers funded the GI bill that paid tuition for white veterans (talk about unfairness—veterans of color were excluded) to attend the college or trade school of their choice. Millions took advantage of this. And, over their careers, they paid back in taxes many multiples of the benefits they were given. Not every individual was qualified for this program—in fact only a small percent did. However, society as a whole benefitted, not just in the tax dollars that were paid back, but in the contributions these educated citizens made through their work.
I will give one final example. During the early years of the current pandemic, the federal government developed the Payback Protection Program that enabled many businesses to continue to pay their employees and hence to continue their business operations. This benefitted both the businesses and their employees. As a retired person, I received no benefit from this, except that I do benefit when businesses remain operational and when employees continue to be able to support themselves. I am betting that many employees who benefitted from these payments did not go to college and hence did not incur student loans.
Over 10 millions businesses received these PPP loans with an average of $72,500 per loan. All—ALL— of these amounts have now been forgiven. If my math is correct, this totals over $740 million forgiven.
Under the Student Loan forgiveness program, only the first $10,000 for some people and only the first $20,000 for others is being forgiven. Obviously, this is far less per loan than the $72,500 per loan under the PPP. Forty three million Americans will benefit from the student loan forgiveness program. I long ago paid back my student loans. I could view this as being unfair to me. However, I benefit when 43 million people are in a better financial position. This allows them to more fully participate in our consumer economy by buying houses and all the things that go with that (furniture, appliances, etc.). This allows them to save for retirement.
I would ask those who are critical of the loan forgiveness program to think of the public policies that benefit you, but not everyone else. Certainly there are many.
We are a society. We all benefit when others are stronger and more successful.

Wrong.

The forgiven PPP "loans" were not set up as loans. The agreement, up front, was that the money would not have to be re-paid if the business used it to fund payroll and hired most employees back. That was the agreement. That's what both parties agreed to.

With your daughters student loan, which was always presented to her as a loan, the agreement was that she would benefit from the loan, and she would pay it back.

If she didn't want to have to pay it back, she had many options...different school, working first, joining the military, learning a trade, etc...

Nobody ever said that government spending had to benefit everyone equally. But we should try to avoid abject stupidity.

You daughter agreed to take out a loan to fund the benefit of going to college. It's her responsibility to re-pay it, not the responsibility of someone who made a different choice.

"this sums up the tears entitlement of student loan haters forgiveness supporters myopic view of the world"...

gimme gimme gimme.

WDMSO, how much of other peoples money are liberals entitled to, exactly? Is there any limit? I mean this, this is a sincere question, how much of my paycheck are you entitled to, and how much of my paycheck are my kids and I entitled to?

[wdmso]

yep but this is ok.. because people like to dance around wording . as if it makes it ok .. hell at its core it's a conflict of interest