Economy Biden/Harris Administration Cancels Loan Debt For 1 Million Public Workers

Sounds like they just fixed the red tape on existing programs. Public student loan forgiveness isn’t new from Biden. Looks like it’s from George W Bush’s era. Biden getting a Republican policy to actually work as intended.

“The Public Service Loan Forgiveness program was created in 2007, promising college graduates that the remainder of their federal student loans would be zeroed out after 10 years working in government or nonprofit jobs. But starting in 2017, the vast majority of applicants were rejected because of complicated and little-known eligibility rules.”

And PSLF doesn’t forgive the full amount of a loan, so it’s not teachers with 60 grand of debt getting it deleted. It only forgives up to $10,000.

$10k forgiveness after 10 years of working a public job is just a $1,000 a year grant to try and get people to go into teacher or firefighting or other understaffed public jobs. Not really a big deal.

Headlines gonna blow it out of proportion tho.

(Wife was a public school counselor so I looked into this hard, it’s not some random pet topic lol. She only worked 6 years tho before becoming a stay at home mom so didn’t end up qualifying)
 
Last edited:
HockeyBjj said:
Sounds like they just fixed the red tape on existing programs. Public student loan forgiveness isn’t new from Biden. Looks like it’s from George W Bush’s era. Biden getting a Republican policy to actually work as intended.

“The Public Service Loan Forgiveness program was created in 2007, promising college graduates that the remainder of their federal student loans would be zeroed out after 10 years working in government or nonprofit jobs. But starting in 2017, the vast majority of applicants were rejected because of complicated and little-known eligibility rules.”

And PSLF doesn’t forgive the full amount of a loan, so it’s not teachers with 60 grand of debt getting it deleted. It only forgives up to $10,000.

$10k forgiveness after 10 years of working a public job is just a $1,000 a year grant to try and get people to go into teacher or firefighting or other understaffed public jobs. Not really a big deal.

Headlines gonna blow it out of proportion tho.

(Wife was a public school counselor so I looked into this hard, it’s not some random pet topic lol. She only worked 6 years tho before becoming a stay at home mom so didn’t end up qualifying)
Click to expand...
There sadly is not choice to do: both democrats and reps will think only how to support Putin and Israel.
This reality, you will see.
They doesn't gave a f***** about middle class or casuals and never will waste their time to think about them.
 
Is this another promise that will eventually be thrown out in court after the election?
 
In before: "They're buying votes", as Trump also tries to buy as many votes as possible.
 
Jon! said:
In before: "They're buying votes", as Trump also tries to buy as many votes as possible.
Click to expand...

That is exactly what they are doing.

But....but.... but..... but.... TTTTTTTRRRRRRRRRUUUUUUUUUUUMMMMMMMPPPPPPPPP!!!!

I worked my way through college (Grocery Store, Law Firm, Student Internships) while others got to party non-stop on student loans. I came out of UCSD with zero debt, but broke as hell. You want the Blue Collar tax payers to pick up the tab for the White Collar? Fuck that. They signed the contract, let them honor their signature and word.
 
I will repeat that the pandemic shut things down for two years and the average student loan payment is about 400 bucks. 400×24 months rounded up is 10 grand. I am fine with this number.
 
Whippy McGee said:
That is exactly what they are doing.

But....but.... but..... but.... TTTTTTTRRRRRRRRRUUUUUUUUUUUMMMMMMMPPPPPPPPP!!!!

I worked my way through college (Grocery Store, Law Firm, Student Internships) while others got to party non-stop on student loans. I came out of UCSD with zero debt, but broke as hell. You want the Blue Collar tax payers to pick up the tab for the White Collar? Fuck that. They signed the contract, let them honor their signature and word.
Click to expand...

Scuttled before the good ship even got out the port ;)

I think it's good that an administration did what they said they were going to do for once, and frankly, if I've just had my loan cancelled, that's one less reason to vote Dem.

Card played, it's gone, consigned to history. You should be celebrating.
 
SandisLL said:
There sadly is not choice to do: both democrats and reps will think only how to support Putin and Israel.
This reality, you will see.
They doesn't gave a f***** about middle class or casuals and never will waste their time to think about them.
Click to expand...
No. You’re dumb.

There is a choice. The one actually getting the agreed upon rules of student loans to work.
 
HockeyBjj said:
No. You’re dumb.

There is a choice. The one actually getting the agreed upon rules of student loans to work.
Click to expand...
Why do you think that I'm dumb? I do know how much does cost THAAD battery and missiles for this and get reality that as second layer def it will need to have PAC-2 and NASAMS etc. So this really will cost damn a lot of money.

I'm not dumb. If you have 60000 debt cos student loan then if they will forgive 10000 from this it doesn't makes sense.

We have different stuff in europe, from for free till very expensive stuff...BTW most expensive stuff are private elite level kinder gardens: very expensive and price is higher than in some world class elite unis....yes, and for some you should pay before they will start to talk with you. Unlike with unis where such stuff never might happen.
 
SandisLL said:
Why do you think that I'm dumb? I do know how much does cost THAAD battery and missiles for this and get reality that as second layer def it will need to have PAC-2 and NASAMS etc. So this really will cost damn a lot of money.

I'm not dumb. If you have 60000 debt cos student loan then if they will forgive 10000 from this it doesn't makes sense.

We have different stuff in europe, from for free till very expensive stuff...BTW most expensive stuff are private elite level kinder gardens: very expensive and price is higher than in some world class elite unis....yes, and for some you should pay before they will start to talk with you. Unlike with unis where such stuff never might happen.
Click to expand...
You’re making random comparisons on budget elements that aren’t even related

You can make any argument in the world with this catchall attempt
 
You must log in or register to reply here.

Latest posts

Forum statistics

Threads
1,264,068
Messages
57,263,371
Members
175,611
Latest member
LongPig

Share this page

Back
Top