Advertisement

Drudge Retort: The Other Side of the News
Tuesday, April 26, 2022

President Biden gave strong indications during a private meeting with House Democrats this week that his administration is poised to take significant action to relieve student loans in the coming months, a move that would likely include ...

More

Alternate links: Google News | Twitter

[[https://www.facebook.com/CBSNews/posts/10159781447425950]]

Comments

Admin's note: Participants in this discussion must follow the site's moderation policy. Profanity will be filtered. Abusive conduct is not allowed.

$1.6 Trillion? That's a lot of votes.

#1 | Posted by lee_the_agent at 2022-04-26 05:34 PM | Reply

He's open to it?

It was a ------- campaign promise. How is he ONLY open to it?

#2 | Posted by Sycophant at 2022-04-26 07:19 PM | Reply | Newsworthy 2

It wasn't a campaign promise to cancel student loans.
He specifically spoke about helping by reducing student loan debt - by up to $10,000.
I don't see any drastic change in that, just an urgency to finally get it done.

#3 | Posted by YAV at 2022-04-26 07:29 PM | Reply

I too am open to Biden canceling my student loans.

#4 | Posted by snoofy at 2022-04-26 07:31 PM | Reply | Funny: 2

This would be a horrible over reach and not lead to the needed changes at the universities to control their costs, which is the root cause of all of this. If there is cancellation, I want all future federal educational loans outlawed as they will have demonstrated an inability to manage the program. Additionally, any student loan cancellation should come with the requirement that the degree and all professional certifications from that are also revoked.

I see no difference between cancelling debt from an 'education' that is unable to repay it from the 18 year old kid that bought a $50k F150 - yet, I don't see anyone calling to bail that kid out.

Lastly, this is blatant vote buying of the 'educated' economic losers. Why hand out $1.6T to them while the people that skipped college because they couldn't afford it are forced to pay for them now? Why force the people that got productive degrees to subsidize the ones we told the whole time that their degree was worthless?

In short, debt forgiveness without massive reforms should turn every productive member of the US against these communist Dems and their blatant vote buying. I can only hope that the GOP can tie this up in court until we get a sane president again.

#5 | Posted by RayTraylor at 2022-04-26 07:47 PM | Reply | Newsworthy 1

"I too am open to Biden canceling my student loans.
#4 | POSTED BY SNOOFY"

The fact you still have student loans over the age of 60 should disqualify from any debate involving education, the economy, or public policy.

Your contribution should be limited to marijuana smoking tips and the the best soda pairing with Cheetos. ---- loser.

#6 | Posted by RayTraylor at 2022-04-26 07:49 PM | Reply | Newsworthy 1

The 18 year old kid that bought a $50k F150 could file for bankruptcy.

All good after 7 years.

#7 | Posted by memyselfini at 2022-04-26 08:02 PM | Reply

"The fact you still have student loans over the age of 60 should disqualify from any debate involving education, the economy, or public policy."

You're trying so hard!

#8 | Posted by snoofy at 2022-04-26 08:10 PM | Reply | Funny: 1

"The 18 year old kid that bought a $50k F150 could file for bankruptcy."

You can't discharge student loans in bankruptcy any more.

#9 | Posted by snoofy at 2022-04-26 08:11 PM | Reply

"The 18 year old kid that bought a $50k F150 could file for bankruptcy.
#7 | POSTED BY MEMYSELFINI"

His loan was not government subsidized. But following on that, how about student loan forgiveness requires filing for bankruptcy along with the cancellation of the degree. Fair?

#10 | Posted by RayTraylor at 2022-04-26 08:12 PM | Reply

I like how these guys are permanently in the "Bargaining" stage of the Kubler-Ross model.

Goatman was the king of this. He was always trying to trade the Second Amendment for a ban on abortion; that kind of thing.

These are just tactics people use when they just don't want to face the issues head-on.

Another one he used was the "Denial" stage where he'd say we just don't have enough data to know if man-made global warming is real.

#11 | Posted by snoofy at 2022-04-26 08:15 PM | Reply

"I like how these guys are permanently in the "Bargaining" stage of the Kubler-Ross model.
#11 | POSTED BY SNOOFY"

You are the perfect demonstration of why I say that you cannot negotiate with children, terrorists, or liberals - they are mentally incapable of it.

Your position is 'Give me money, no strings attached' - it the same for all the liberals policies demanding handouts.

So, I can see why you are pissing your pants over people saying that you are not going to get a free lunch. You are over 60 - there is no chance at saving you at this point and you are militantly opposed to being a responsible, productive member of society. The focus must be on those that can still be saved. No country can afford to have 20% of their population be like Snoofy. We need massive education reform if we are to avoid this terrible fate.

#12 | Posted by RayTraylor at 2022-04-26 08:21 PM | Reply

This guy's really got major wood for me, huh?

#13 | Posted by snoofy at 2022-04-26 08:23 PM | Reply

you cannot negotiate with children, terrorists, or liberals - they are mentally incapable of it.

Tell is about hunter's laptop again, you ------- ------.

#14 | Posted by Alexandrite at 2022-04-26 08:23 PM | Reply

"This guy's really got major wood for me, huh?
#13 | POSTED BY SNOOFY"

Your own mother doesn't love you - why would you think anyone else does?

#15 | Posted by RayTraylor at 2022-04-26 08:24 PM | Reply

raytraylor knows about mothers. He ----- his.

#16 | Posted by Alexandrite at 2022-04-26 08:25 PM | Reply

"#14 | POSTED BY ALEXANDRITE"

No need - you can read about it in the NYT and WaPo now after the year+ ban on informing your drug-addled liberal brain that you voted for a crime family. I know you are not allowed by the liberal cult to read the NYP or Daily Mail, but now the story is on your approved reading list so you can go inform yourself.

#17 | Posted by RayTraylor at 2022-04-26 08:26 PM | Reply

New York Post is trash, like you.

#18 | Posted by Alexandrite at 2022-04-26 08:27 PM | Reply | Newsworthy 1

"raytraylor knows about mothers.
#16 | POSTED BY ALEXANDRITE"

Try harder. I know Dems can't meme and don't understand comedy...but this is a lame attempt even with that.

#19 | Posted by RayTraylor at 2022-04-26 08:28 PM | Reply

Not joking.

#20 | Posted by Alexandrite at 2022-04-26 08:29 PM | Reply

"New York Post is trash, like you.
#18 | POSTED BY ALEXANDRITE"

Now do WaPo and NYT which also admit it (after over a year of trying to hide it) - they are on the approved liberal reading list, right?

#21 | Posted by RayTraylor at 2022-04-26 08:29 PM | Reply

"#20 | POSTED BY ALEXANDRITE"

I was giving you the benefit of the doubt. Seems your brain is just stuck on stupid like Pedo-Joe Biden and that is the best you can muster. Sorry to your family and loved ones that have to deal with you.

#22 | Posted by RayTraylor at 2022-04-26 08:30 PM | Reply

Hunter Biden screws hookers.

And no one but you and the hookers care.

#23 | Posted by Alexandrite at 2022-04-26 08:31 PM | Reply

"#23 | POSTED BY ALEXANDRITE"

The hookers and dope are the sizzle - the pay for play proof is the steak.

#24 | Posted by RayTraylor at 2022-04-26 08:43 PM | Reply | Newsworthy 1

Have the last word. You desperately require it in every conversation.

#25 | Posted by Alexandrite at 2022-04-26 08:45 PM | Reply

"which also admit it"

Admit WHAT?

Please be specific, with links.

You have a history of fantastical claims with bogus links, so please forgive the insistence.

#26 | Posted by Danforth at 2022-04-26 08:45 PM | Reply

#5

I would agree that and student loan forgiveness should be paired with reforms to the higher education system.

In the past 20 years in state tuition has gone up more than double inflation. When I was a student you could get a degree in underwater basket weaving and not be out the cost of a good car. In 2002 it would have taken 6 years of in state tuition to buy my car in 2022 it would take only 2.5 years. Fix that and student loan debt stops being an issue.

#27 | Posted by TaoWarrior at 2022-04-26 08:54 PM | Reply

"#26 | POSTED BY DANFORTH"

You are not worth my time troll. The story has been posted and discussed on this website which included you already. You were still clinging to the 'chain of custody' non-argument like a ----------- to the fat ass of Jerry Nadler as of yesterday.

No need to hijack this thread despite Alexandrite's attempts at female wile to do so.

Tell us how you support cancelling $1.6T in student debt with no string attached so Snoofy can hit the plunger and nod off content for the night.

#28 | Posted by RayTraylor at 2022-04-26 08:55 PM | Reply

"In the past 20 years in state tuition has gone up more than double inflation.
#27 | POSTED BY TAOWARRIOR"

If the value of the education was commiserate with the rise in cost, no issue. But what we have now is the federal government subsidizing and unsustainable 'Education Complex' by passing the costs onto taxpayers and tuition payers. I would bet when you attended you didn't have nearly as many grads in the social science and supported by all the equity offices and safe spaces. The dorms were...well, dorms - not 'suites' as most colleges advertise today. Without all the free money - this system would not have evolved. But, it still does not make sense to let the borrowers off the hook - this is money they knowingly took out and spent (a lot of it on lifestyle and not tuition). If they don't like the deal, revoke the degree and have them declare bankruptcy.

#29 | Posted by RayTraylor at 2022-04-26 09:00 PM | Reply | Newsworthy 1

I'm a guy, you ----.

And anybody that calls danforth a "troll" is a joke.

#30 | Posted by Alexandrite at 2022-04-26 09:04 PM | Reply

The concept of government helping people is completely alien to Ray.

He's one of these "America would be better if we had let the airlines go bankrupt after 9/11" guys.

Not so much living in a bubble as a void.

#31 | Posted by snoofy at 2022-04-26 09:04 PM | Reply

"I'm a guy
#30 | POSTED BY ALEXANDRITE"

Sure you are.

#32 | Posted by RayTraylor at 2022-04-26 09:09 PM | Reply

Danforth owns your scalp.

Admittedly it aint worth much.

#33 | Posted by Alexandrite at 2022-04-26 09:11 PM | Reply

"If the value of the education was commiserate with the rise in cost, no issue."

It would still be an issue, because not everyone is willing to take on that much debt in the no-guarantee hopes of a better paycheck. A lot of people who have great odds of success will instead choose to play it safe. And that is not a good way to sustain a high tech economy.

#34 | Posted by snoofy at 2022-04-26 09:13 PM | Reply

" Tell us how you support cancelling $1.6T in student debt "

I don't.

Your turn: Tell us how you're not interested in chain-of-custody ... unless it involves firearms on movie sets.

#35 | Posted by Danforth at 2022-04-26 09:15 PM | Reply

Your turn: Tell us how you're not interested in chain-of-custody ... unless it involves firearms on movie sets.

#35 | POSTED BY DANFORTH AT 2022-04-26 09:15 PM | REPLY | FLAG:

Save some for us lol

#36 | Posted by Alexandrite at 2022-04-26 09:16 PM | Reply

" The story has been posted and discussed on this website "

Yeah, except claims get made without proof.

My question is legitimate: WHAT HAS BEEN PROVEN?

So far ... nothing. Have you a link to a reputable source?

#37 | Posted by Danforth at 2022-04-26 09:18 PM | Reply

" anybody that calls danforth a "troll" is a joke."

Salient questions will do that to inveterate liars.

#38 | Posted by Danforth at 2022-04-26 09:22 PM | Reply

@#5 ... This would be a horrible over reach ...

Possibly, but I'm not yet convinced of that.

... the needed changes at the universities to control their costs, which is the root cause of all of this. ...

Yup, that may be the root cause, but that will take more time to fix.

So I see a two-prong approach, the immediate and the longer-term.

The immediate issue seems to be relief from (some might say, predatory) student loans.

The longer term issue is the excessively-spending colleges.



1 - I'm seeing student loans now that require a percentage of incom over the following decades, in addition to paying back the loan.

#39 | Posted by LampLighter at 2022-04-26 09:25 PM | Reply

" You were still clinging to the 'chain of custody' non-argument"

What a profoundly stupid statement.

Chain of custody will ALWAYS be an issue when tampering is possible. Pretending it's no longer an issue is gaslighting, pure and simple.

#40 | Posted by Danforth at 2022-04-26 09:30 PM | Reply

the needed changes at the universities to control their costs, which is the root cause of all of this.

Why? When people are willingly "paying" for your product, to the point of over subscription, what cost do you need to control?

If there is anything wrong, it is too much money in the higher education marketplace.

#41 | Posted by oneironaut at 2022-04-26 09:35 PM | Reply

I know you are not allowed by the liberal cult to read the NYP or Daily Mail, but now the story is on your approved reading list so you can go inform yourself.

#17 | POSTED BY RAYTRAYLOR

Actually, most people aren't allowed to read those tabloids because of their dignity and integrity.

Which is why nobody is surprised you read them.

#42 | Posted by jpw at 2022-04-26 09:39 PM | Reply

Stupid Russians the more you trash talk on the internet the more Americans donate to Ukraine putting bullets in guns and javelins in the air.

#43 | Posted by Tor at 2022-04-26 09:55 PM | Reply

If the value of the education was commiserate with the rise in cost, no issue.

#29 | POSTED BY RAYTRAYLOR

Please define the words 'commiserate' and 'commensurate' and use each properly in a sentence. Then preach to us about education.

#44 | Posted by El_Buscador at 2022-04-26 10:15 PM | Reply | Funny: 1

@#41 ... When people are willingly "paying" for your product, ...

I disagree with the "willingly" word.

Colleges have let their costs run amok because of the availability of the means to finance those excessive costs.

imo, colleges need to have a significant belt-tightening phase.

While I am a significant proponent of funding education, I am also a proponent of finding and removing those whose only goal is to profit from the funding of education.


In other words, maybe it has just been too easy for colleges to spend the money of others.

Why has the tuition cost risen so much more than inflation?


Has the benefit of predatory student loan companies played here?


#45 | Posted by LampLighter at 2022-04-26 10:17 PM | Reply

In the past 20 years in state tuition has gone up more than double inflation. When I was a student you could get a degree in underwater basket weaving and not be out the cost of a good car. In 2002 it would have taken 6 years of in state tuition to buy my car in 2022 it would take only 2.5 years. Fix that and student loan debt stops being an issue.

#27 | POSTED BY TAOWARRIOR

In my first year of college in 1985, in state tuition was $586 per semester, full time. I'm back in school now and I'm paying $386 per credit.

#46 | Posted by El_Buscador at 2022-04-26 10:19 PM | Reply

#12 | POSTED BY RAYTRAYLOR

What the ---- does his age have to do with it? Just because you're incapable of learning doesn't mean the rest of us are. People are living longer, healthier, more productive lives. A 60 year old could have 15-20 years left in the workforce. You think education is only for 20-somethings? Tool.

#47 | Posted by El_Buscador at 2022-04-26 10:24 PM | Reply

"It would still be an issue, because not everyone is willing to take on that much debt in the no-guarantee hopes of a better paycheck.
#34 | POSTED BY SNOOFY"

Wow, it is almost like you are describing the risk every small business owner assumes - then you try to rape them after they are successful.

#48 | Posted by RayTraylor at 2022-04-26 10:41 PM | Reply

"Chain of custody will ALWAYS be an issue when tampering is possible. Pretending it's no longer an issue is gaslighting, pure and simple.
#40 | POSTED BY DANFORTH"

You just blew your whole argument against election fraud with that statement given the ballot harvesting that occurred. But, in typical liberal fashion, I am sure you won't let logic get in the way of your retarded ramblings.

#49 | Posted by RayTraylor at 2022-04-26 10:44 PM | Reply

"A 60 year old could have 15-20 years left in the workforce. You think education is only for 20-somethings?
#47 | POSTED BY EL_BUSCADOR"

A 60 year old could have 15-20 years left in the workforce were they not Snoofym who has a clearly demonstrated 60 year history of being a worthless parasite.

As for education reserved for 20-somethings - educational spending is limited. I would rather allocate to a 20-something trying to better themselves for a productive career than a 60 year old chasing a bucketlist. When it comes to student loans, I don't see the point in giving massive student loans to a 60 year old when the US average life expectancy is 78. If guys like Snoofy could not pay off their loans over the last 40 years, I have no doubt guys like Snoofy will default on loans taken out in their 60's.

#50 | Posted by RayTraylor at 2022-04-26 10:50 PM | Reply

" given the ballot harvesting that occurred. "

NOT a given.

Where is your proof? So far, it's a bogus claim with ZERO evidence.

You've had 18 months; what's the holdup?

#51 | Posted by Danforth at 2022-04-26 10:52 PM | Reply

"" given the ballot harvesting that occurred. "
NOT a given.
#51 | POSTED BY DANFORTH"

You are honestly going to state that ballot harvesting did not occur in 2020? Hell, it is even legal in states like CA - OF COURSE IT OCCURRED. And for you based on your statement - only care that the chain of custody was broken. So again, you are caught up in your own demented arguments.

Once you figure out logic and consistency of thought, please reply. Until then, just sit in the corner and look stupid.

#52 | Posted by RayTraylor at 2022-04-26 10:57 PM | Reply

" I am sure you won't let logic get in the way of your retarded ramblings."

Only one of us has made bogus claims he can't back up.

Have you proof of your pretense of ballot harvesting in substantial numbers, or are you going to continue your temper tantrum until we all see your invisible unicorn?

#53 | Posted by Danforth at 2022-04-26 10:57 PM | Reply

" You are honestly going to state that ballot harvesting did not occur "

Not as a way to change votes en masse, no.

Are you pretending it swayed the outcome???

#54 | Posted by Danforth at 2022-04-26 10:59 PM | Reply

" you are caught up in your own demented arguments."

If it didn't change the outcome, you're the one who's demented.

And if you believe it changed the outcome ... well, that means you're as demented as they come.

#55 | Posted by Danforth at 2022-04-26 11:02 PM | Reply

" Once you figure out logic and consistency of thought"

My irony meter just broke.

Why are you pretending one side would do this, but the other wouldn't?

#56 | Posted by Danforth at 2022-04-26 11:03 PM | Reply | Newsworthy 1

@#49 ... You just blew your whole argument against election fraud with that statement given the ballot harvesting that occurred. ...

Quite the contrary.

You've just blown your entire line of reasoning (and I do use that word loosely here) with that assertion.

Ballot harvesting?

Really.

Show me the court decisions to substantiate your assertion.

Or is your comment relying on the "release the Krakens" theme?


Really.

Please do try to up your game here.

Jus' suggestin'



#57 | Posted by LampLighter at 2022-04-26 11:06 PM | Reply

@#52 ... OF COURSE IT OCCURRED ...

The problem with a comment like that is that it presumes you have evidence.

So please present the evidence to substantiate your assertion "OF COURSE IT OCCURRED."

thx.

#58 | Posted by LampLighter at 2022-04-26 11:08 PM | Reply

"Have you proof of your pretense of ballot harvesting in substantial numbers,
#53 | POSTED BY DANFORTH"

So your goalposts have moved from no ballot harvesting occurred to 'substantial numbers' - throw out your back with that move -------?

Try to at least be honest in the discussion troll.

#59 | Posted by RayTraylor at 2022-04-26 11:13 PM | Reply

"If it didn't change the outcome, you're the one who's demented.
#55 | POSTED BY DANFORTH"

We don't know if it changed the outcome just like we don't know if Hunter's laptop was tampered with because of your favorite talking point: chain of custody.

I was serious before, learn consistency of thought. Until then, just sit in the corner and look stupid.

#60 | Posted by RayTraylor at 2022-04-26 11:15 PM | Reply

"So please present the evidence to substantiate your assertion "OF COURSE IT OCCURRED."
#58 | POSTED BY LAMPLIGHTER"

You really want to argue that ballot harvesting did not occur? You are about to get a feature film which used over 4 million minutes of CCTV footage shoving that fact in your dumb face.

I suspect even after such education, you will remain militantly ignorant.

So, I will defer providing any links but any links resulting from "California Ballot Harvesting" will cure your need for proof.

#61 | Posted by RayTraylor at 2022-04-26 11:18 PM | Reply | Funny: 1

"So your goalposts have moved"

No, I just want to draw a line between two, and tens of thousands. You want to pretend they're the same. Sorry, not falling for that gaslighting. Did the harvesting happen to a degree to affect the outcome, or not? Of course, the answer is NOT.

#62 | Posted by Danforth at 2022-04-26 11:18 PM | Reply

Try harder. I know Dems can't meme and don't understand comedy...but this is a lame attempt even with that.

#19 | Posted by RayTraylor

LOL RayTrayloTrash thinks "c-c-conservatives" are the funny ones.

They are, just not in the way he thinks.

#63 | Posted by jpw at 2022-04-26 11:20 PM | Reply

"No, I just want to draw a line between two, and tens of thousands."

No, you made a ridiculous claim and are trying to salvage some dignity. Sorry, that ship has sailed.

"Did the harvesting happen to a degree to affect the outcome, or not? Of course, the answer is NOT.
#62 | POSTED BY DANFORTH"

Prove it with logic consistent to what you used in regard to Hunter's laptop.

Have at it -------.

#64 | Posted by RayTraylor at 2022-04-26 11:22 PM | Reply

" You are about to get a feature film which used over 4 million minutes of CCTV footage shoving that fact in your dumb face."

Which was already reviewed, and deemed to have NOTHING of which you claim. Not a lick of proof that ANY votes were altered.

Why is that? Why do you have NO PROOF after all this time?

#65 | Posted by Danforth at 2022-04-26 11:22 PM | Reply

@#61 ... You really want to argue that ballot harvesting did not occur? ...

No, I do not want to argue that point.

What I stated is that I would like you to present the evidence that it did occur.

See the difference?

I merely want you to substantiate the assertion you have made in your comment.

I'll wait.

You're up...


#66 | Posted by LampLighter at 2022-04-26 11:23 PM | Reply

We don't know if it changed the outcome just like we don't know if Hunter's laptop was tampered with

That's a fair point. Well done. Now you can STFU about both of them.

#67 | Posted by REDIAL at 2022-04-26 11:24 PM | Reply

"Not a lick of proof that ANY votes were altered.
#65 | POSTED BY DANFORTH"

Well, that is the beauty of me using your Hunter Biden 'chain of custody' argument - I don't need to prove anything was altered - all I need to prove is that the chain of custody was broken by the ballot harvesters - which it was.

So, again, come back with an argument that shows internal consistency. Until then, just sit in the corner and look stupid.

#68 | Posted by RayTraylor at 2022-04-26 11:26 PM | Reply

"You made a ridiculous claim "

I was trying to stop YOU from making a ridiculous claim: that ANY equals MANY. Pure gaslighting.

#69 | Posted by Danforth at 2022-04-26 11:27 PM | Reply

"What I stated is that I would like you to present the evidence that it did occur.
#66 | POSTED BY LAMPLIGHTER"

I see know more point linking to that as to linking to 2+2=4. It is self-evident.

#70 | Posted by RayTraylor at 2022-04-26 11:30 PM | Reply

" don't need to prove anything was altered - all I need to prove is that the chain of custody was broken by the ballot harvesters - which it was."

Cool.

You'll stop pretending HBs laptop is valid, and I'll spot you a couple of California votes.

#71 | Posted by Danforth at 2022-04-26 11:30 PM | Reply

Once you figure out logic and consistency of thought, please reply. Until then, just sit in the corner and look stupid.

#52 | Posted by RayTraylor

LOL STFU ------.

#72 | Posted by jpw at 2022-04-26 11:30 PM | Reply

" I see know more point linking to that ... "

It's like the comedy writes itself.

#73 | Posted by Danforth at 2022-04-26 11:31 PM | Reply

"I was trying to stop YOU from making a ridiculous claim: that ANY equals MANY. Pure gaslighting.
#69 | POSTED BY DANFORTH "

It was never an argument that I made. You were the one that stated it did not occur. You only tried to size the fraud after realizing you made a poor argument. But again, link any any statement I made that contradicts this.

#74 | Posted by RayTraylor at 2022-04-26 11:32 PM | Reply

@#68 ... all I need to prove is that the chain of custody was broken by the ballot harvesters - which it was. ...

... all I need to prove ...

So, prove it.

I've not yet seen any manner of proof in your comments regarding a chain of custody.

So, please, post one comment with all the substantiated evidence you have to prove your assertion.

thx.

#75 | Posted by LampLighter at 2022-04-26 11:33 PM | Reply

"#72 | POSTED BY JPW"

Beakers are all washed for the day "doctor"?

#76 | Posted by RayTraylor at 2022-04-26 11:33 PM | Reply

I suspect even after such education, you will remain militantly ignorant.

This ------- has gotta be a spoof account.

#77 | Posted by jpw at 2022-04-26 11:34 PM | Reply | Newsworthy 1

" It is self-evident."

Except if that were the case, evidence would have been proffered in several of the more than 60 court cases.

Why was it never self-evident in a courtroom, when it mattered?

#78 | Posted by Danforth at 2022-04-26 11:36 PM | Reply

I feel very bad for those who racked up 6 figured in student loan debt, especially those who racked up significant debt without actually completing a degree.

But you can't cancel student loans once without creating an expectation that they will just get cancelled again. At that point college will be de facto free, just defer your loans until the next debt cancellation.

Perhaps the government should provide free college. But if so, it should do that directly rather than through this backwards scheme of loans and debt cancellations.

IMO college has gotten so expensive nobody can afford the loans because there is no incentive for a college to charge a reasonable tuition because everyone can just get a loan for whatever the cost is. This is a well intentioned idea but the side effect has been to allow colleges to spend massive amounts on fancy facilities and sports teams that don't improve the quality of education but are rather designed to attract students seeking an "experience" rather than just an education.

#79 | Posted by Duckman at 2022-04-26 11:36 PM | Reply

Beakers are all washed for the day "doctor"?

#76 | Posted by RayTraylor

You really are one pathetically dumb pile of ----.

#80 | Posted by jpw at 2022-04-26 11:36 PM | Reply | Newsworthy 1

I'm not a big fan of outright forgiveness.

I think programs incentivizing public service, teaching ect that forgives the remaining debt after 10 years of service are great and should be expanded.

Couple that with a return of interest rates to the 2.5-3% it was for years instead of the current 6.5-8% and debt payments can become doable again for all but the most buried.

Of course, as mentioned, another aspect is the cost inflation that needs to be brought under control. Most of the cost is going to ridiculous amenities to attract students and bloated bureaucracy. It sure as hell isn't going to paying professors to teach or students to TA.

#81 | Posted by jpw at 2022-04-26 11:41 PM | Reply | Newsworthy 1

Michael Stanley Band - Midwest Midnight
www.youtube.com

#82 | Posted by LampLighter at 2022-04-26 11:42 PM | Reply

" You were the one that stated it did not occur."

If you took that to mean not even one outlier, you're even dumber than you come across.

But still no proof of altered or affected votes, I see.

#83 | Posted by Danforth at 2022-04-26 11:46 PM | Reply

@#80 ... You really are one pathetically dumb pile of ----. ...

I think your comment is a prime example of understatement, as used in the English language.

I've other thoughts, but I'll leave it at that for now.



#84 | Posted by LampLighter at 2022-04-26 11:46 PM | Reply

@#81

Yup.

#85 | Posted by LampLighter at 2022-04-26 11:47 PM | Reply

He officially became my third plonk.

He joins the glorious ranks of goatman and tremain.

#86 | Posted by jpw at 2022-04-27 12:02 AM | Reply

@#86 ... my third plonk. ...

I don't plonk aliases here. Yeah, sometimes I wonder why I subject myself to the abuse of what some aliases post.

On the other hand, why prevent yourself from viewing the absolute ignorance so proudly presented by the likes of the RayTraylor alias.

More to my point, why does the person (or entity) behind those aliases seem to feel the need to create so many new aliases to hide behind.

Why does that entity seem to be so afraid of what they post here?

#87 | Posted by LampLighter at 2022-04-27 12:39 AM | Reply

"If you took that to mean not even one outlier, you're even dumber than you come across."

I took your words exactly as you wrote them. I am not a dishonest liberal POS and changes the words and meanings and then use that as a strawman to attack - that is you.

"But still no proof of altered or affected votes, I see.
#83 | POSTED BY DANFORTH"

Again, by your Hunter laptop standard, I don't need to as chain of custody being broken is all the matters. Again, try to have some internal consistency in your postings. Until then, just sit in the corner and look stupid.

#88 | Posted by RayTraylor at 2022-04-27 01:39 AM | Reply

"Why does that entity seem to be so afraid of what they post here?
#87 | POSTED BY LAMPLIGHTER"

I have 1 alias, RayTraylor.

But, with Twitter changing their rules, I may just move there as the censorship on this site is ridiculous. I posted a Harvard-Harris poll yesterday that said only 67% of Dems think Pedo-Joe Biden was mentally fit (20% of Independents). So, apparently Harvard is too Right wing now so the moderators saw fit to delete that thread.

So, I will likely leave you liberal loonies to your echo chamber - probably come back around the midterms to listen to your wailing.

I will not miss the conversing between Snoofy and Danforth about the mystery behind why their thumbs smell like their --------.

The overall level of debate and discourse here is a prime reason why the Dems will be flattened in the midterms - the Democrat party is made up of people with very low intelligence but overflowing self-confidence to spew their nonsense. It is what makes LibsofTikTok so damn entertaining.

#89 | Posted by RayTraylor at 2022-04-27 01:45 AM | Reply

#89
Flagged "Histrionic" and "Self-Pitying.

Buh-bye and watch out for the door. It swings, because you guys always return in one form or another. You jist caint hep it.

#90 | Posted by Doc_Sarvis at 2022-04-27 04:18 AM | Reply

He needs to at least DOUBLE that amount to 20k
if he wants to even scratch the surface of most
kids student loan debt...

my son, after a 40k investment from myself
into his education, and 10k from his mother,
is still some 30k+ in debt, and for just
two Bachelor Degrees, in a double major...

#91 | Posted by earthmuse at 2022-04-27 06:51 AM | Reply

"my son, after a 40k investment from myself
into his education, and 10k from his mother,
is still some 30k+ in debt, and for just
two Bachelor Degrees, in a double major...
#91 | POSTED BY EARTHMUSE"

Did your son also get a Pell Grant each year? I have to ask as you have $80k in debt and he should have been gotten another $20K+ in pell grants so it look like you son spent $100k before we even account for whatever earnings he had during his schooling. So, seems like he didn't live a very frugal lifestyle while in college to rack up that debt.

But regardless of that fact, why do you think he is entitled to $20K to pay off an 'investment in education' after the government already gave him $20K+ in Pell Grants alone (so $40k in government handouts) while the guy that opted not to go to college because he could not afford it gets shafted and has to pay the bill? If the condition came with debt forgiveness comes with cancellation of the degree, I am sure your son would still opt for the degree - so, I don't see the rationale why any of his debt should be forgiven.

#92 | Posted by RayTraylor at 2022-04-27 07:56 AM | Reply

#92 | POSTED BY RAYTRAYLOR

Gee whiz. Just horrible Americans will get to spend all that debt in the larger economy. Someone might end up being prosperous.

#93 | Posted by Zed at 2022-04-27 08:16 AM | Reply

If the condition came with debt forgiveness comes with cancellation of the degree

Speaking of things that are not going to happen.

#94 | Posted by REDIAL at 2022-04-27 08:22 AM | Reply

I'm pretty sure that the government already has a loan forgiveness for public service.

#95 | Posted by madbomber at 2022-04-27 08:22 AM | Reply

I'm with you on this, Ray. I think that reform should be a function of limiting student debt. I don't know why the taxpayer would be obligated to underwrite a very expensive education with a low value degree.

#96 | Posted by madbomber at 2022-04-27 08:24 AM | Reply

"Just horrible Americans will get to spend all that debt in the larger economy. Someone might end up being prosperous.
#93 | POSTED BY ZED"

This is the problem with Lefties - you don't realize the money has to come from somewhere, which are taxpayers now and in the future.

So, if you want the benefit of the spending in the larger economy, why not just give everyone $40,000 - if you have debt, you can use it on that. If you don't - just think of all the money in the larger economy. Hell, with those kind of benefits, why don't we just do a cool $1M per person? If $10K is good, $1M must be great, right?

#97 | Posted by RayTraylor at 2022-04-27 08:28 AM | Reply | Newsworthy 1

"I don't know why the taxpayer would be obligated to underwrite a very expensive education with a low value degree.
#96 | POSTED BY MADBOMBER"

This is real hidden agenda here and the dumb Liberals know it - this is their chance to say to the next generation "I got mine, screw you guys" so they can act like the Baby Boomers they so loathe. Because we all know there cannot be a debt forgiveness and then carry on as usual. What will happen is private sector will underwrite the loans at 10%+ and refuse loans for degrees in low income fields and the government will exit the market.

So, what is the result? The next generation of poor kids won't have the educational opportunities these crying Karen's are whining over being forced to pay for.

The government should not be in the business of subsidizing Starbucks by providing baristas with advanced degrees in gender studies....you can pour coffee without it.

#98 | Posted by RayTraylor at 2022-04-27 08:32 AM | Reply

I don't know why the taxpayer would be obligated to underwrite a very expensive education with a low value degree.

Why assume it's a low value degree?

#99 | Posted by REDIAL at 2022-04-27 08:39 AM | Reply

In my first year of college in 1985, in state tuition was $586 per semester, full time. I'm back in school now and I'm paying $386 per credit.

#46 | POSTED BY EL_BUSCADOR AT 2022-04-26 10:19 PM | FLAG:

It's almost like some unseen entity vastly inflated the monetary supply for schools and the college educated people that run them know how to go around vacuuming it up.

#100 | Posted by sitzkrieg at 2022-04-27 08:43 AM | Reply

So, if you want the benefit of the spending in the larger economy, why not just give everyone $40,000 - if you have debt, you can use it on that. If you don't - just think of all the money in the larger economy. Hell, with those kind of benefits, why don't we just do a cool $1M per person? If $10K is good, $1M must be great, right?

#97 | POSTED BY RAYTRAYLOR

Sounds good to me.

Seriously good. We'd have a better world.

#101 | Posted by Zed at 2022-04-27 08:49 AM | Reply | Funny: 1

Why assume it's a low value degree?

#99 | POSTED BY REDIAL AT

He has to denigrate the value of education to help his argument make sense.

There's also this: That an education is valueless UNLESS it makes money, and a lot of it.

He condemns every autodidact in the world to Hell, not to mention Liberal Arts majors.

#102 | Posted by Zed at 2022-04-27 08:51 AM | Reply

This is the problem with Lefties - you don't realize the money has to come from somewhere

#97 | POSTED BY RAYTRAYLOR AT

And what you don't realize is that money is among the most ultimate of abstractions.

#103 | Posted by Zed at 2022-04-27 08:53 AM | Reply

"This is the problem with Lefties - you don't realize the money has to come from somewhere"

Where does it come from, exactly?

Government?

#104 | Posted by snoofy at 2022-04-27 08:56 AM | Reply

"Why assume it's a low value degree?"

Back in 2009 the Economist did a piece on education. The outcome was that there were certain degrees that statically resulted in less income than if one had not gotten a degree at all.

But that would be a determination made by a loan manager, based on the whole person concept of the applicant.

#105 | Posted by madbomber at 2022-04-27 09:05 AM | Reply

It would still be an issue, because not everyone is willing to take on that much debt in the no-guarantee hopes of a better paycheck.
#34 | POSTED BY SNOOFY

Wow, it is almost like you are describing the risk every small business owner assumes - then you try to rape them after they are successful.
#48 | POSTED BY RAYTRAYLOR

^
PPP loans are 100% forgivable.
Where's your outrage?

#106 | Posted by snoofy at 2022-04-27 09:07 AM | Reply

"There's also this: That an education is valueless UNLESS it makes money, and a lot of it."

Not necessarily.

There was a kid several years ago who penned an article on why he was not going to pay his student loans. He had been a journalism major, doing undergrad at NYU and grad at Columbia. Upon graduation, he was getting job offers in NYC for $30K-ish per year.

This kid would have been far better off going into the trades.

If you have your own money, there is absolutely nothing wrong with getting an expensive degree for the fun of it. But that's not most of us. Most of us need to balance the economic value of a degree with the value employers will see in it.

#107 | Posted by madbomber at 2022-04-27 09:14 AM | Reply

"He condemns every autodidact in the world to Hell, not to mention Liberal Arts majors."

Autodidact.

I had to look that one up. Maybe I would have been familiar with the term had I gotten a liberal arts degree.

#108 | Posted by madbomber at 2022-04-27 09:16 AM | Reply

As for education reserved for 20-somethings - educational spending is limited. I would rather allocate to a 20-something trying to better themselves for a productive career than a 60 year old chasing a bucketlist.

#50 | POSTED BY RAYTRAYLOR

I don't disagree with directing limited resources toward the best likely long-term outcome.

But your dismissal of students later in life continuing their education as 'chasing a bucketlist' is shortsighted. Many people go back to school to replenish their knowledge, learn new skills, or prepare for a second career.

#109 | Posted by El_Buscador at 2022-04-27 09:29 AM | Reply

Or if you were educated or well read...

#110 | Posted by jpw at 2022-04-27 09:29 AM | Reply

#107 | POSTED BY MADBOMBER

That's very similar to a discussion I had with a friend of mine some time ago. He's a VP of a local bank. We were discussing ROI of education, in pure monetary terms. He illustrated how, on a normal career path in the banking world, it would take a person with a Bachelor's in Banking, Finance, or other business related degree at least 6-10 years after graduation to be in a position making $70k+. It takes 4 years to earn that degree and, if paying full tuition, about $60k minimum. I'm the distribution manager of a regional company, and sit on the advisory board of the CDL training program at a local tech college. A student in the CDL program will spend $8k and one month to get a CDL, land an entry level position at $40k+ immediately, and within 2 years have the requisite experience to get a job paying $70k+.

But in the case of the journalism major, perhaps doing something you truly enjoy is reward in itself.

#111 | Posted by El_Buscador at 2022-04-27 09:44 AM | Reply

"I think programs incentivizing public service, teaching ect that forgives the remaining debt after 10 years of service are great and should be expanded."

That's not so great a deal.

First, you have to pay for ten years, on non-profit wages.

At which point there's usually not much left to pay off after ten years of payments.

I was going that route, but the non-profit I worked for went in a different direction. And there is no way I could have known that would happen, when I signed up to take on the debt that got me the degree that got me the job at the non-profit.

#112 | Posted by snoofy at 2022-04-27 09:46 AM | Reply

#111 but what are the ceilings of earning potential for those two career paths?

The primary benefit of a degree is the increased lifetime earning potential compared to those without.

#113 | Posted by jpw at 2022-04-27 09:48 AM | Reply

First, you have to pay for ten years, on non-profit wages.

Not if you go into education.

And why not expand the jobs that qualify? Increase the breadth of the programs?

Sorry, but it's better than just wiping the slate clean at some arbitrary point in the future.

#114 | Posted by jpw at 2022-04-27 09:49 AM | Reply

"But in the case of the journalism major, perhaps doing something you truly enjoy is reward in itself."

And there is nothing wrong with doing that if you have the resources available. But it's kinda like buying a very expensive boat or exotic sports car. You don't spend the money without knowing that it's a luxury cost.

Of course there are always cheaper options out there when it comes to education. Every state has at least one school with lower admissions requirements or lower costs.

#115 | Posted by madbomber at 2022-04-27 09:58 AM | Reply

"The primary benefit of a degree is the increased lifetime earning potential compared to those without."

I think that's a bit of a misunderstanding. You can earn a lot of money in the trades. In North Dakota there were welders who were making $7k per week. Yes, per week.

A lot of that was per-diem, and they were welding out in the Bakken in the middle of winter. They were earning every penny of that income.

Even being a rig hand on an oil rig pays very well, and that's before you factor in that when you're working, all expenses are covered.

#116 | Posted by madbomber at 2022-04-27 10:08 AM | Reply

But I think if your aspiration is to study Philosophy at Middlebury, a job in the oil fields is probably not very appealing.

#117 | Posted by madbomber at 2022-04-27 10:09 AM | Reply

And why not expand the jobs that qualify? Increase the breadth of the programs?

One of Hillary's good ideas back in 2016 was the creation of some sort of civilian civil corps.

I went to college on an ROTC scholarship. They paid for my tuition, gave me a monthly stipend, and at the end, a job that paid more than my parents made.

HRC suggested something similar on the civilian side. Not everyone wants to join the military, but the country needs qualified people in non-military fields as well. Often times probably more so than military people. So, for undermanned or critical positions, pay for the student's tuition, give them a stipend, and in return they will commit four years to working in their chosen field as a government employee. After four years, they would be free to work for whomever they choose. And they would do so without a drop of student debt.

#118 | Posted by madbomber at 2022-04-27 10:14 AM | Reply | Newsworthy 2

" A lot of that was per-diem"

A lot? More like ~15%.

#119 | Posted by Danforth at 2022-04-27 10:19 AM | Reply

I think that's a bit of a misunderstanding. You can earn a lot of money in the trades. In North Dakota there were welders who were making $7k per week. Yes, per week.

No, that's called the norm.

Which is still true contrary to your chosen exception.

#120 | Posted by jpw at 2022-04-27 10:30 AM | Reply

"A lot? More like ~15%."

I would say more like 40%.

At the time, hotel rooms were running $300 per night at the Best Western. That's 30% right there.

Still, even if 60% was per diem, they would still be pocketing well over $200k per year, which is far more than most college graduates earn.

#121 | Posted by madbomber at 2022-04-27 10:37 AM | Reply

#120

I don't understand. Are you agreeing with me or disagreeing? You seem to be attempting to do both at the same time.

#122 | Posted by madbomber at 2022-04-27 10:38 AM | Reply

I am doing both.

Your statement is true.

But using an exception to argue against the norm isn't a good argument.

For every oil patch guy making $7K a week you have ten guys in Nowhere, USA making $7K a quarter.

While, on average, having a college degree boosts lifetime earnings.

#123 | Posted by jpw at 2022-04-27 10:40 AM | Reply

RAYTRAYLOR...

You must live in a trailer if you think
all students get government Pell Grants still.
Almost all student loan debt has been Privatized...
i.e. banks, bank loans, and bank rates...

As for your snippy remark on why my son should
expect a handout, he doesn't, but as a father of
a recent student I have to say that the cost of
'higher education' is largely out of reach for most
of America without taking out either exorbitant amounts
of loans, or having to take longer amounts of time to get
through school, because they have to work at the same
time in order to offset just some of the costs.

And, to the same point, the rampant costs of education
have flown 'under the radar' for the last 3 decades, without
commensurate additions to the amount and degree of grants
and scholarships awarded to students. THUS the explosion
in student loan debt seen nationwide, THUS the increased financial burden
on the child's parents (i.e. Me and millions like me), and THUS
the 'hue and cry' of people nationwide for the government to acknowledge
the fact, and to make some sort of adjustment. Unless, of course, you
are for 'burying a generation in debt', or feel that 'it's their own
damned fault' for wanting to succeed?

Wouldn't be surprised if you felt that way. I can smell a Republican
from a mile away. Always worried about themselves and no one else...

#124 | Posted by earthmuse at 2022-04-27 11:41 AM | Reply

North Dakota there were welders who were making $7k per week

That's not sustainable long-term employment. Most people can only handle the insane hours, unpredictable schedule, and man camp living for a few years. Plus the crazy money being thrown around in the Bakken has largely been over for several years now.

#125 | Posted by El_Buscador at 2022-04-27 11:41 AM | Reply

@Snoofy hasn't paid off his student loan debt?!? I now understand who I'm dealing with every time you reply to something I say. You don't have your fiscal house in order clearly.

#126 | Posted by Reginald at 2022-04-27 12:25 PM | Reply

Let me fix that for you...Biden will only cancel debt for people that he can then follow-up with to get votes. He would NEVER cancel debt for people who did the right thing and don't have to depend on the government, that's completely against the Democrat platform. It would be a lot more beneficial to focus first on all those people who have problems paying them back due to no fault of their own, like getting laid off because of current issues. But that would make too much sense. Instead, it's better to placate those who already depend on the government because that's how Dems operate.

#127 | Posted by humtake at 2022-04-27 12:27 PM | Reply

Well, the dems have got to pander for votes, however and wherever they can get them.

#128 | Posted by MSgt at 2022-04-27 12:54 PM | Reply

Just some more data on those who still owe those loans:

40%
In the United States, the overall dropout rate for undergraduate college students is 40%. 30% of the dropout rate comes from college freshman dropping out before their sophomore year. In 4-year colleges, 56% of students drop out within 6 years.Nov 22, 2021

College Dropout Rate [2022]: by Year + Demographicshttps://educationdata.org college-dropout-rates
Image result for college drop out rate in the USA

So among others we will be paying off the loans of quitters and apparently there are quite a few of them.

#129 | Posted by MSgt at 2022-04-27 12:58 PM | Reply

As opposed to the GOP just negating them?

#130 | Posted by jpw at 2022-04-27 12:58 PM | Reply

While, on average, having a college degree boosts lifetime earnings.

#123 | POSTED BY JPW AT 2022-04-27 10:40 AM | REPLY | FLAG:

Then they don't need loan forgiveness lol.

#131 | Posted by sitzkrieg at 2022-04-27 01:31 PM | Reply

"For every oil patch guy making $7K a week you have ten guys in Nowhere, USA making $7K a quarter."

ten guys...who couldn't get jobs in the oilfield?

I mean, I always though the oil guys were trash. People who would have joined the military but for they already had a felony conviction.

Bottom line, I don't think the requirements to be a roustabout are particularly stringent.

#132 | Posted by madbomber at 2022-04-27 01:41 PM | Reply

Yeah whatever Hummer.
Believe in whatever ''Reichwing Mythology' you need to, to get by...

The ONLY party that does anything for people other than the rich
is the Democratic one...

and MSGT...

You mean like I have to pay for every southern hurricane bailout ever,
even though I don't own beachfront property or live in the south?

Or tornado damage in Red Oklahoma or Red Texas?

Or all of the pork spending that is sent to southern states every year
to prop up their flagging economies?

You Rethuglicans take the cake! Always whining when you have to pitch
in for others, always clamoring for more money, when a hurricane or
something hits 'your part of the country'.

Snowflakes and hypocrites is all I see.

#133 | Posted by earthmuse at 2022-04-27 01:43 PM | Reply

And, to the same point, the rampant costs of education
have flown 'under the radar' for the last 3 decades, without
commensurate additions to the amount and degree of grants
and scholarships awarded to students.

Your weird writing style aside, why would the number of grants and scholarships increase as the cost of tuition went up?

Did you think of talking your kid into attending a service academy or getting an ROTC scholarship? You wouldn't have had to pay anything.

#134 | Posted by madbomber at 2022-04-27 01:48 PM | Reply

Then they don't need loan forgiveness lol.

#131 | POSTED BY SITZKRIEG

No, many (most?) probably don't. Average loan debt is about $32K. Median is about $17K.

The stories are usually describing outliers who a. went to for profit schools and got hosed or b. people who went into fields with poor job prospects.

Would I love to have what little remains of my student loans just disappear? Sure.

But I'm still against this as a bad move.

#135 | Posted by jpw at 2022-04-27 01:57 PM | Reply

ten guys...who couldn't get jobs in the oilfield?

I was unaware that the oil patch jobs were infinite.

No matter how hard you try, the oil field in the Dakotas is an exception.

Try dealing in the norm.

#136 | Posted by jpw at 2022-04-27 01:59 PM | Reply

"I was unaware that the oil patch jobs were infinite."

Not really.

They were just hard work.

And if your vision of how your life should be was shaped by living in Manhattan or West Hollywood...you're probably never going to be a rig-hand.

I theory, most people are fully qualified to do the work, but it's hard, it's dangerous, and it sucks.

Why accept any of that when you can vote for a politician who will make sure you have whatever you need, even if you don't want to work.

#137 | Posted by madbomber at 2022-04-27 02:04 PM | Reply

"But I'm still against this as a bad move."

Then honestly, you're probably the type of person whose loans should be forgiven.

You at least have some level of responsibility.

#138 | Posted by madbomber at 2022-04-27 02:05 PM | Reply

Why accept any of that when you can vote for a politician who will make sure you have whatever you need, even if you don't want to work.

#137 | POSTED BY MADBOMBER

I think you're swinging between extremes here.

No, most people don't want to live in Manhattan or Hollywood or have the government give them everything. Most people aren't struggling to pay off $100K+ in loans because it's a Bachelors degree from an Ivy school in Disabled Women's studies.

They want the story line they've been sold to be true-work hard, go to school, get a degree and earn a comfortable wage to give your children a better start than you had.

Nowhere in that story were they told their interest rates would triple so Republicans can give the wealthy tax cuts while increasing the DoD budget by 50% to three quarters of a trillion dollars per year while the forgiveness programs are cut because the Secretary of Education is heavily invested in charter schools that want the pot of federal education money to flow into their pockets.

You seem rather out of touch with the average person who has an associates degree from the local CC or a bachelors from their nearest state university satellite campus in Business Admin, accounting, nursing or some other skill that's supposed to boost them up the ladder a bit above the entry level position they started at to help pay for the education.

Then honestly, you're probably the type of person whose loans should be forgiven.
You at least have some level of responsibility.

I think it's a reason mine shouldn't be.

My story is one of the way it should have worked for people.

I don't want forgiveness to happen not because I'm some bitter whiner pissed that they're not getting any and apparently expect a pat on the back and a reward for being responsible, but because it won't solve the problem.

#139 | Posted by jpw at 2022-04-27 02:18 PM | Reply

Oh, and I have a friend who works offshore of LA.

Yeah, he makes good money and has zero personal expenses (beyond required like rent/mortgage, utilities ect) 2 weeks of every month.

But he bounces around quite a bit and I've watched him go through two lulls where he lived off credit cards and side jobs in bust cycles.

It's not quite the panacea you're making it out to be.

#140 | Posted by jpw at 2022-04-27 02:20 PM | Reply

If an individual's college degree doesn't have enough value for him/her to pay it off, it certainly doesn't have enough value for us to pay it off for them.

#141 | Posted by MSgt at 2022-04-27 03:17 PM | Reply

#141 What? Literally every government expenditure occurs because the benefactors can't cover the cost of whatever the thing is.

#142 | Posted by JOE at 2022-04-27 03:24 PM | Reply

Nowhere in that story were they told their interest rates would triple so Republicans can give the wealthy tax cuts while increasing the DoD budget by 50% to three quarters of a trillion dollars per year while the forgiveness programs are cut because the Secretary of Education is heavily invested in charter schools that want the pot of federal education money to flow into their pockets.
You seem rather out of touch with the average person who has an associates degree from the local CC or a bachelors from their nearest state university satellite campus in Business Admin, accounting, nursing or some other skill that's supposed to boost them up the ladder a bit above the entry level position they started at to help pay for the education.
#139 | POSTED BY JPW AT 2022-04-27 02:18 PM | FLAG:

Student loans didn't have adjustable rates at least when I had them. And cry me a river about students not knowing how the economy was going to be when they graduated. If we did we could have made a boat load in the market. There are plenty of jobs and good ones out there for grads and there are plenty of people out there with the same stories that they had to suck it up and take two jobs and work long hours to pay theirs off. My neice is a perfect example, went to college and then law school and constantly complains that she can't pay off her loans then shows up at the house talking about the $1200 hand bag and the $300 in make-up she just forked over.

#143 | Posted by fishpaw at 2022-04-27 03:33 PM | Reply

Look at all the rightwingers here whining about the government helping people who got ripped off by the wealthy and are struggling. Not a single complaint about the money trump handed out to corporations or blowing up the deficit to give tax cuts to the rich.

#144 | Posted by SpeakSoftly at 2022-04-27 03:38 PM | Reply

Student loans didn't have adjustable rates at least when I had them.

In state tuition was probably a fraction of what it is now.

Stop being an old curmudgeon who thinks their experiences are comparable.

And where did I say anything about knowing the markets? Somebody going to X State for an accounting degree to make themselves more marketable is still likely to have $40K in debt. Unless they slow roll it.

And no, there aren't loads of good jobs out there. Why the hell else do you think the market is the way it is right now?

Also, many of those "good jobs" have requirements well above a simple BS/BA degree, usually irrational levels of experience or additional training.

#145 | Posted by jpw at 2022-04-27 04:31 PM | Reply

In any case, you're a perfect example of what's wrong with our country.

You apply "when I was..." to current situations and expect it to not only be relevant but taken seriously.

Additionally, you apparently think it's A-OK for education to be a cash cow with interest rates double or more that of mortgages. Education and financing education should be cheap. We shouldn't be kneecapping people striving to better themselves and their lives.

Not if want to say there's such a thing as the American Dream with a straight face.

#146 | Posted by jpw at 2022-04-27 04:35 PM | Reply | Newsworthy 1

"Additionally, you apparently think it's A-OK for education to be a cash cow with interest rates double or more that of mortgages.
#146 | POSTED BY JPW"

Mortgage interest rates are being manipulated by the fed - but even then it is poor comparison. A home mortgage is considers 1.) the value of the house being purchased and 2.) the credit worthiness of the borrower as in the case the borrow does not pay it back, the home is repoed to pay back the loan. What can be repoed for student loan default? Do we have bankers assessing the credit worthiness of the student borrower and their career prospects? With that said, there is literally zero reason why mortgage rates should not be 8%+ and student loans at 10%+ today given the Biden inflation that has proven to be anything but transitory. So the fact of the matter is that student loans today are getting a highly subsidized rate. If they are able to simple cancel that debt, there is no reason why student loans should not have the same rates as unsecured credit cards as the debt can be cancelled and the lender can not take back any assets to cover the loan.

In summary, the "value" of an education is not correlated to its cost - for a degree in education from a state school, it may cost $60k. From a private school, it may be $180k+ for the same degree with the same career prospects. The mortgage equivalent would be giving one borrower a $60k loan to buy a $60k house vs. another a $180k loan to buy the same $60k house. That nonsense would never fly in the real world - only in the world of government funded academia.

#147 | Posted by RayTraylor at 2022-04-27 07:35 PM | Reply

Huh. My kid got a PhD and it cost me $8k. Maybe you know idiots. That makes sense to me.

#148 | Posted by LegallyYourDead at 2022-04-27 09:23 PM | Reply

"My kid got a PhD and it cost me $8k.
#148 | POSTED BY LEGALLYYOURDEAD"

PhD = Pedophile Homosexual Dad? I didn't know it cost you anything except for maybe your son's counseling and the state probably picked that up. Go away Corky. At least posted under your original disgraced name.

#149 | Posted by RayTraylor at 2022-04-27 09:43 PM | Reply

This is an absolutely horrible thing to even consider on any level.

#150 | Posted by BellRinger at 2022-04-27 09:50 PM | Reply

"Pedophile Homosexual Dad?"

Oh, that's right: I keep forgetting you're that closeted sock puppet who needs to turn everything into a gay sex reference.

It's okay. Seek help.

#151 | Posted by Danforth at 2022-04-27 10:02 PM | Reply

"It's okay. Seek help.
#151 | POSTED BY DANFORTH"

Heading here after getting curb stomped on the other thread. That is okay Danforth...maybe Wikipedia is lying and you are still right. Why don't you just move the goalposts or invent something I said and debate against that you POS.

#152 | Posted by RayTraylor at 2022-04-27 10:07 PM | Reply

"Heading here after getting curb stomped"

It's always fun when an idiot is doing his home run trot while the catcher is holding strike three.

#153 | Posted by Danforth at 2022-04-27 10:18 PM | Reply

#153 -I've seen something similar from someone that was concussed. Constantly repeating his win over and over as I walked him to the paramedics for much needed medical treatment - from his "victory."

#154 | Posted by YAV at 2022-04-27 10:27 PM | Reply

"Why don't you just move the goalposts or invent something I said and debate against that you POS."

Why would I need to invent your stupidity? You lay it bare for everyone to see.

Tell us again about your BRILLIANT idea to steal votes the way the smart Democrats have (supposedly already) done!

#155 | Posted by Danforth at 2022-04-27 10:32 PM | Reply

"It's always fun when an idiot is doing his home run trot while the catcher is holding strike three.
#153 | POSTED BY DANFORTH"

Looking in the mirror again moron? Yeah, sure, Wikipedia may be lying but I am going to take their word over yours you lying POS.

#156 | Posted by RayTraylor at 2022-04-27 10:38 PM | Reply

"#154 | POSTED BY YAV"

As danforth does not trust me or Wikipedia, maybe you can explain to him that there is no cross state checking program for multiple state voter registrations. He seems stuck on stupid so maybe hearing it from a fellow comrade, he will accept it as truth rather than holding out like the Japanese dude fighting WWII into the 1980's.

#157 | Posted by RayTraylor at 2022-04-27 10:40 PM | Reply

"As danforth does not trust me or Wikipedia"

Are you still going with that stupid meme?

Who TF cares about Crosscheck; it was a MASSIVE faliure, and more fraud was caught without it than with it. And do you want to discuss how it disenfranchised more legal voters than it ever caught? Or are you afraid of using Actual Math?

#158 | Posted by Danforth at 2022-04-27 10:44 PM | Reply

"there is no cross state checking program for multiple state voter registrations"

Then how does Heritage show multiple-state voting convictions without it?

If you've visited the site, you'll notice all Crosscheck convictions are clearly noted. Have you visited the site, and are commenting from knowledge, or are you barfing bull because you haven't educated yourself?

#159 | Posted by Danforth at 2022-04-27 10:47 PM | Reply

" all Crosscheck convictions are clearly noted. "

And almost all convictions aren't connected to Crosscheck.

What did you find when you investigated the site...five? Out of a thousand???

#160 | Posted by Danforth at 2022-04-27 10:48 PM | Reply

"#160 | POSTED BY DANFORTH"

No one checks - the Dems fought cross check tooth and nail. In GA, AZ, and NV all had huge numbers of people moving around without cross checks on double voting. That is exactly why I stated I would do voter fraud as I outlined - just following the Dem playbook.

However, none of that changes the fact that you don't know you ass from a hole in the ground as you stated there WAS a national cross checking database. Of course, you claimed this existed because you are a dumbass and now you are straining your back trying to move the goalposts...as usual.

#161 | Posted by RayTraylor at 2022-04-28 04:11 AM | Reply

"And no, there aren't loads of good jobs out there. Why the hell else do you think the market is the way it is right now?"

What to you is a "good" job?

www.northeastern.edu

#162 | Posted by madbomber at 2022-04-28 04:29 AM | Reply

"Also, many of those "good jobs" have requirements well above a simple BS/BA degree, usually irrational levels of experience or additional training."

That's not really true.

I mean, and employer can put in irrational requirements, but why?

#163 | Posted by madbomber at 2022-04-28 05:23 AM | Reply

Ray's obviously reconsidered his Norma Desmond farewell to us all at #89. Lol.

#164 | Posted by Doc_Sarvis at 2022-04-28 05:49 AM | Reply

Ray's obviously reconsidered his Norma Desmond farewell to us all

Perhaps his new username generator is broken? Or it was on Hunter's laptop?

#165 | Posted by REDIAL at 2022-04-28 07:03 AM | Reply

If RayRay leaves now, he'll be back next week when 2000 Mules debuts, so he'll need that new username generator to be operational.

#166 | Posted by Gal_Tuesday at 2022-04-28 07:11 AM | Reply

We won't want to miss the breathless reviews of that cinematic masterpiece, that's for sure.

#167 | Posted by REDIAL at 2022-04-28 07:15 AM | Reply

"Ray's obviously reconsidered his Norma Desmond farewell to us all at #89. Lol.
#164 | POSTED BY DOC_SARVIS "

Elon does not control Twitter yet. Once it is a done deal, I will leave you Nancies to your circle-jerking over trying to get the productive members of society to pay your student loans.

#168 | Posted by RayTraylor at 2022-04-28 07:29 AM | Reply

#168
Yes, Norma, the pictures got smaller. Lol.

#169 | Posted by Doc_Sarvis at 2022-04-28 07:33 AM | Reply

That's not really true.

I mean, and employer can put in irrational requirements, but why?

#163 | POSTED BY MADBOMBER

Easy answer? It's a legally mandated advertisement but they have somebody in mind already.

Also, it's not exactly an uncommon practice for companies to try and get more than they deserve for less than it should cost.

#170 | Posted by jpw at 2022-04-28 08:26 AM | Reply

Admittedly, that's a phenomena that's a bit dated.

www.forbes.com

The last few years may have changed that but I haven't seen any data or analyses on if that's true.

#171 | Posted by jpw at 2022-04-28 08:29 AM | Reply

Wasn't student loan forgiveness something Joe campaigned on? Now he's "considering" it.

#172 | Posted by lfthndthrds at 2022-04-28 09:34 AM | Reply

Oh look. 170 posts later...

#173 | Posted by YAV at 2022-04-28 09:40 AM | Reply

"In GA, AZ, and NV all had huge numbers of people moving around without cross checks on double voting."

Not true. In fact, the GA assistant had a news conference where he addressed and debunked all your claims.

Then came over 60 chances for you to show proof. Zero proof was presented. When asked specifically by judges if they were claiming fraud, like you're claiming, ALL of them answered no.

And after 60 strikeouts, RayRay claims he's SURE he hit all home runs!

#174 | Posted by Danforth at 2022-04-28 09:47 AM | Reply | Newsworthy 1

The stories are usually describing outliers who a. went to for profit schools and got hosed or b. people who went into fields with poor job prospects.

#135 | POSTED BY JPW AT 2022-04-27 01:57 PM | FLAG:

We've already helped the victims of A and it's nice to see that continue.

I have a hard time sympathizing with B. You can get a tiny school loan, pick up a GIS certificate in 21 credit hours for $1900, go start somewhere at $65k and be paid off within a year.

#175 | Posted by sitzkrieg at 2022-04-28 10:03 AM | Reply

"Nowhere in that story were they told their interest rates would triple"

Yeah the interest rates are crazy high. They're not market rates. My highest loan is around 6.8%. For the first year I was dumb and paid the minimum. Unfortunately, or more properly by the design of Congress and the lenders, I never even touched the principal.

On certain payment plans any outstanding balance is forgiven after 25 years. So if I paid $4800 a year for 25 years I would have paid $120k on my $50k loans, and the balance would still be at least $50k. And that's how this system is designed to work. The education I got is certainly valuable but the loan program itself is just another example of policies that squeeze the middle class and keep the poor poor.

I can understand how people oppose forgiveness out of principle, but all those voices went starkly silent when the Paycheck Protection Program offered up to $80,000 in fully forgivable loans for companies. We just want the same thing they got. Or less, based on the average student loan amount.

#176 | Posted by Snoofy at 2022-04-28 10:38 AM | Reply

"I can understand how people oppose forgiveness out of principle ... "

I can't. It seems to be a selfish principle if they really have one.

I have no student loan debt but I certainly understand why it is a huge problem that could and should easily be fixed.

#177 | Posted by donnerboy at 2022-04-28 10:45 AM | Reply

#177 It's selfish to be opposed to force taxpayers to pay off other people's loans?

Why stop with student loans? How about mortgages and car notes?

#178 | Posted by BellRinger at 2022-04-28 12:31 PM | Reply

We just want the same thing they got.

#176 | POSTED BY SNOOFY AT 2022-04-28 10:38 AM | FLAG:

Weird leap. "They". PPP did not exclude people with college debt, in fact it bailed many of their paychecks out during a government mandated shutdown.

#179 | Posted by sitzkrieg at 2022-04-28 12:42 PM | Reply

Why stop with student loans? How about mortgages and car notes?

#178 | POSTED BY BELLRINGER

Why stop with slippery slope arguments?

Because they suck. That's why.

#180 | Posted by jpw at 2022-04-28 01:02 PM | Reply

Oh look. 170 posts later...

#173 | POSTED BY YAV AT 2022-04-28 09:40 AM | REPLY | FLAG:

Hey dipschitt, can you answer the question? No, because it's embarrassing.

#181 | Posted by lfthndthrds at 2022-04-28 01:36 PM | Reply

Why stop with student loans? How about mortgages and car notes?

#178 | POSTED BY BELLRINGER

Which should have happened during the 2008 financial crisis.

The People should have been bailed out instead of the banks.

The financial effects would have been similar and the banks that were hurt would have been saved. But so would the people who had been hurt.

When bad loans are made due to the malfeasance of the banks then maybe they should be forgiven.

#182 | Posted by donnerboy at 2022-04-28 01:55 PM | Reply

#182 College student loans aren't bad loans.

#183 | Posted by BellRinger at 2022-04-28 02:00 PM | Reply

Hey dipschitt, can you answer the question? No, because it's embarrassing.

It was answered in post #3, right after post #2, which was 170 posts before yours. --------.

#184 | Posted by YAV at 2022-04-28 02:44 PM | Reply

#184 | POSTED BY YAV AT 2022-04-28 02:44 PM

I saw what you posted.

"it wasn't a campaign promise" blah blah blah

Yeah well, the problem with it is that it sure sounded like it was when he was buying votes, and a WHOLE LOT of people interpreted that it was a promise to forgive student loan debt. You can keep up your bellering all you want but them chickens are coming home to roost. -------.

#185 | Posted by lfthndthrds at 2022-04-28 04:51 PM | Reply

Why stop with student loans? How about mortgages and car notes?
#178 | POSTED BY BELLRINGER

Those don't originate from the Federal government.

But PPP loans do. And those are 100% forgivable. So why not Federal student loans?

#186 | Posted by snoofy at 2022-04-28 07:19 PM | Reply

I won't lie, I don't like this idea but pointing out the PPP loan forgiveness program is a fair comparison.

Those were huge sums that was completely unnecessary in most cases. Nobody was getting let go in those places and it wasn't long before we had a labor shortage.

#187 | Posted by eberly at 2022-04-28 07:41 PM | Reply | Newsworthy 1

It's a targeted economic stimulus. Targeted at the people who are better positioned to generate more wealth in our two-tier economy once this burden is lifted.

I don't make a ton of money. My home buying capability is heavily impacted by having to sink $800/mo into student loan payments.

I do think that forgiveness ought to be accompanied with structural reform. But if Congress can't figure that out, I still support Executive action on student loans.

The uncertainty around whether this may or may not happen is also a bad thing, economically speaking.

#188 | Posted by snoofy at 2022-04-28 07:50 PM | Reply

Can Biden just do this without Congress if he chooses to?

#189 | Posted by eberly at 2022-04-28 08:00 PM | Reply

Yeah well, the problem with it is that it sure sounded like it was when he was buying votes, and a WHOLE LOT of people interpreted that it was a promise to forgive student loan debt. You can keep up your bellering all you want but them chickens are coming home to roost. -------.

#185 | Posted by lfthndthrds

How is promising to cancel student debt "buying votes" any more than promising tax cuts, which every republican has done since the beginning of time?

#190 | Posted by SpeakSoftly at 2022-04-28 08:52 PM | Reply | Newsworthy 1

182 College student loans aren't bad loans.

#183 | POSTED BY BELLRINGER

That's not true always. Some are known as predatory loans for a reason.

I would call those bad loans.

#191 | Posted by donnerboy at 2022-04-29 02:51 PM | Reply

" That's not true always. Some are known as predatory loans for a reason.

I would call those bad loans.

#191 | POSTED BY DONNERBOY AT 2022-04-29 02:51 PM | FLAG: "

Then deal with predatory loans on a case by case basis.

#192 | Posted by BellRinger at 2022-04-29 03:23 PM | Reply

" How is promising to cancel student debt "buying votes" any more than promising tax cuts, which every republican has done since the beginning of time?

#190 | POSTED BY SPEAKSOFTLY AT 2022-04-28 08:52 PM | FLAG: "

"Tax cuts" don't give away money.

"We are going to confiscate 1% less of your income" is pretty far from, "We are going to cancel your loan, money you borrowed to pay for a college education, those who took the same loans and paid them off are suckers and losers, we are going to have taxpayers pay off your loan for you at the point of our gun. Now, go "vote" for us."

#193 | Posted by BellRinger at 2022-04-29 03:28 PM | Reply

"Tax cuts" don't give away money.

Yes they do. Money that should be paying for projects, support, and paying down debt. It's what you pay to live in a society that provides things. Otherwise you're nothing but a mooch. If you think it's yours, then stop paying taxes and take that up with the IRS.

#194 | Posted by YAV at 2022-04-29 03:37 PM | Reply | Newsworthy 1

#194. No they really don't. Certainly not in the same way that "loan forgiveness" does. Also nobody is arguing for zero taxes.

#195 | Posted by BellRinger at 2022-04-29 03:40 PM | Reply

"Tax cuts" don't give away money.

"We are going to confiscate 1% less of your income" is pretty far from, "We are going to cancel your loan, money you borrowed to pay for a college education, those who took the same loans and paid them off are suckers and losers, we are going to have taxpayers pay off your loan for you at the point of our gun. Now, go "vote" for us."

#193 | Posted by BellRinger

It's "vote for me and you'll have more money". Biden doing the same thing for students that republicans do for rich people. But you're only upset about it being done for students, because republicans hate education since people become more liberal when they know more.

#196 | Posted by SpeakSoftly at 2022-04-29 03:40 PM | Reply

Cancelling student debt is a flat out giveaway.

#197 | Posted by BellRinger at 2022-04-29 03:40 PM | Reply

#196 stop with the binary inanity.

#198 | Posted by BellRinger at 2022-04-29 03:43 PM | Reply

#197 So are a lot of things. Care to address why this one in particular is bad?

#199 | Posted by JOE at 2022-04-29 03:49 PM | Reply | Newsworthy 1

Then deal with predatory loans on a case by case basis.

#192 | POSTED BY BELLRINGER

Well that's a start. How about interest rates? Or being able to declare bankruptcy like the the big dogs do ?

Or maybe more educational subsidies for those children need ...

But if that's not achievable then I will accept some loan forgiveness for those in need, too.

If we can give away billions in tax breaks for the rich that they don't need then we can give loan forgiveness to those in need.

#200 | Posted by donnerboy at 2022-04-29 03:54 PM | Reply

As someone who has paid off well into six figures of student loans, i would be happy if Biden did this. College debt is an albatross that prevents full participation in the economy. I realize it's voluntary (sort of - you basically need and then some for most career paths), but it's still an albatross nonetheless. The sky hasn't fallen in the last several months while payments were deferred. So why not write it off? Probably equals Trump's giveaway to billionaires, and helps a lot more people in the process.

#201 | Posted by JOE at 2022-04-29 03:54 PM | Reply

need *a bachelors* and then some

#202 | Posted by JOE at 2022-04-29 03:54 PM | Reply

And don't give me this "it teaches people they dont have to work hard to get ahead" --------. The same people making that argument claim it isn't government's job to impose values on us in the first place, and they literally worship a guy whose life was built on getting bailed out by daddy.

#203 | Posted by JOE at 2022-04-29 03:56 PM | Reply

Pointing to what billionaires have received in benefits doesn't give permission to cancel student loans (or a specific amount of them).

It means we can afford to do it. That's good. But that's it. Beyond that it's just sort of a 2 wrongs don't make a right thing

And I believe that getting rid of some debt can allow these folks to participate in the economy better.

But I'm a fence sitter and see both sides. Not the billionaire's side. But the side of the person who sacrificed along with their parents to NOT go into a reckless amount of debt to attain an education we're helping out the neighbor who didn't do any of that.

Is there a bigger benefit to the overall economy? Yes and I would defer to the bigger picture if it were my call.

But what about tomorrow? the day after we do this? Does this encourage folks to rack up debt in belief they'll be saved?

#204 | Posted by eberly at 2022-04-29 04:22 PM | Reply

Biden should stick to his campaign promise to cancel some student debt but not all of it. Didn't he run on cancelling $10,000 of student loan per student? That sounds like a good place to start. Maybe raise it to $20,000 per student due to the effects of covid on the work force. Beyond that it looks like trying to buy votes and could actually backfire.

#205 | Posted by Gal_Tuesday at 2022-04-29 04:39 PM | Reply

But I'm a fence sitter and see both sides. Not the billionaire's side. But the side of the person who sacrificed along with their parents to NOT go into a reckless amount of debt to attain an education we're helping out the neighbor who didn't do any of that.

There are all kinds of government programs that don't help everyone. I didn't choose to become a farmer so i'm not eligible for crop insurance or conservation grants. I didn't choose to be a roadbuilder so i'm not eligible for DOT cash. The fact that student debt relief only helps people with student debt is a really dumb argument. I paid off my loans but i'm not mad at other people getting forgiveness because i'm not a selfish jerk.

#206 | Posted by JOE at 2022-04-29 04:49 PM | Reply

"But I'm a fence sitter and see both sides. Not the billionaire's side. But the side of the person who sacrificed along with their parents to NOT go into a reckless amount of debt to attain an education we're helping out the neighbor who didn't do any of that."

I have a niece and a nephew who graduated from college in recent years. My niece went to community college and then got a scholarship based on her community college academic record to attend a 4 year state school. My nephew went to a private expensive college, had help from his parents but still took out college loans. He got a good job right out of college and has worked steadily since then diligently paying off his loans at his parents suggestion/instruction. I joked with my sister last year that maybe he should hold off paying on the loan since Biden had promised to cancel some student loan debt. Everybody makes choices and I don't think my family members would object to seeing some debt cancelled for people who made choices different from their own. However, I don't think it will strike them as fair if people who willingly chose to take on more debt/risk suddenly have their slates wiped clean, and I can't say I will disagree with them. Does that make them or me selfish jerks? Some will say so, but I don't think so. My 2 cents.

#207 | Posted by Gal_Tuesday at 2022-04-29 05:00 PM | Reply

Also wiping out the debt of students who have already graduated doesn't help those who haven't gone to college yet. Maybe the Democrats can figure out a way to give everyone between the ages of 18 and 30/35 and who went/or wants to go to college, something like $10,000 to $20,000. That ought to help a lot of young adults as well as stimulate the economy.

#208 | Posted by Gal_Tuesday at 2022-04-29 05:06 PM | Reply

Cancelling student debt is a flat out giveaway.

#197 | Posted by BellRinger

So are tax cuts.

But i appreciate you demonstrating exactly how hypocritical republicans are on every thread today.

At least dems are trying to help people who need it. Repubs only help the rich, racists, homophobes, and fascists.

#209 | Posted by SpeakSoftly at 2022-04-29 05:23 PM | Reply

This sounds good to me. I hope Biden goes with $10,000 debt cancellation for sure as he promised. Maybe $20,000, as I said earlier, due to the pandemic:

5 things to know about Biden's promise to cancel student debt
04/29/22 5:01 PM ET

Biden is looking at $10,000 in relief, possibly more

Sources familiar with the situation told The Hill on Friday Biden is considering canceling $10,000 in student loan debt per borrower.

"But the door has been open to possibly larger," one source told The Hill. "Lots of options on the table. They are doing a lot of listening right now."

Biden said earlier this week he would have more to say on the topic in the coming weeks, but tempered expectations of some Democrats who have been pushing for $50,000 in relief.

"I am considering dealing with some debt reduction," Biden said. "I am not considering $50,000 debt reduction, but I'm in the process of taking a hard look at whether or not there will be additional debt forgiveness and I'll have an answer on that in the next couple of weeks."

Biden promised $10,000 for student debt forgiveness during his presidential campaign in 2020 when other opponents were advocating for $50,000 in relief or total cancelation.


thehill.com

#210 | Posted by Gal_Tuesday at 2022-04-29 05:25 PM | Reply

Comments are closed for this entry.

Home | Breaking News | Comments | User Blogs | Stats | Back Page | RSS Feed | RSS Spec | DMCA Compliance | Privacy | Copyright 2022 World Readable

Drudge Retort