Republicans to Increase Student Loan Payments

Friday, November 29, 2024

While President Joe Biden has cleared millions' student loan debt during his presidency, Congress could now approve a law that would increase student loan payments for a large number of borrowers.

Posted by Truthhurts at 02:31 PM | 17 COMMENTS | permalink

Comments

Congrats magat scum who fall in the following categories:

1. Young voters who intend to attend or are in college
2 low and middle class Americans with kids who want to go to college

You pwnd yourselves

Biden-Harris = student loan forgiveness
Republicans = increase your loan payments and make college more difficult to pay for

Point and laugh at the magat scum who made their lives more difficult!!!

#1 | Posted by truthhurts at 2024-11-28 10:48 AM

I know this sounds like a wacky idea, but I actually read the article. A couple of good things about the bill are that it puts caps and the amounts students can borrow ($50,000 for undergrad, $100K for graduate) and doubles the amount of Pell grants for juniors and seniors who are on track to graduate.

The bill was just introduced, so I'm sure there'd be lots of modifications to it. People have always had the option to defer payments if they can show economic hardship.

#2 | Posted by sentinel at 2024-11-28 12:29 PM

" it puts caps and the amounts students can borrow ($50,000 for undergrad, $100K for graduate)"

There goes med school.

#3 | Posted by Danforth at 2024-11-28 12:40 PM

There goes med school.

RFK is going to make everyone so healthy they won't need doctors.

#4 | Posted by REDIAL at 2024-11-28 12:47 PM

The average total cost of medical school in 2024 is $238,420, with an average yearly cost of $59,605.

#5 | Posted by truthhurts at 2024-11-28 01:10 PM

Republicans will increase revenue streams by any means necessary other than raise taxes on the 5%.

#6 | Posted by jpw at 2024-11-28 02:07 PM

Bankruptcy is the only thing that fat, decrepit old bastard understands.

That and bare ------- whores.

#7 | Posted by LegallyYourDead at 2024-11-28 02:52 PM

"There goes med school."

Med school is completely separate from undergraduate or graduate academic degrees.

As I'm sure you know.

#8 | Posted by sentinel at 2024-11-28 03:43 PM

"Med school is completely separate"

So no caps at all?

#9 | Posted by Danforth at 2024-11-28 03:45 PM

Because according to tax law, med school is a graduate program.

#10 | Posted by Danforth at 2024-11-28 03:46 PM

Like I said, the bill was just proposed. Not much point in spazzing out over something that will be amended many times before there's a final vote on it.

What percentage of medical students rely solely on federal loans anyway?

#11 | Posted by sentinel at 2024-11-28 03:54 PM

The average medical school debt in 2023 was $202,453, according to the Education Data Initiative.

#12 | Posted by truthhurts at 2024-11-28 04:26 PM

"Not much point in spazzing out..."

Who was spazzing out? I was just pointing out your claim was incorrect.

#13 | Posted by Danforth at 2024-11-28 04:30 PM

"Who was spazzing out?"

The OP.

#14 | Posted by sentinel at 2024-11-28 05:42 PM

Loan limits: The bill caps aggregate student loan limits at $50,000 for undergraduate students, $100,000 for graduate students, and $150,000 for students in graduate professional programs.

freopp.org

So it would be $150K for med school, from federal loans.

#15 | Posted by sentinel at 2024-11-28 05:53 PM

#2 | Posted by sentinel at 2024-11-28 12:29 PM | Reply | Flag

As someone in higher ed for many years, dealing with students and their financial issues, a 50K limit is not feasible for bigger schools or out-of-state tuition. Maybe 2 years of college, maybe.

#16 | Posted by e1g1 at 2024-11-29 03:42 PM

Capitalists need a slave class

#17 | Posted by RightisTrite at 2024-11-29 04:18 PM

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