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Student loan forgiveness: Biden promise to forgive $10,000 in debt remains unfulfilled

DerekJohnsonDerekJohnson Administrator, Swaye's Wigwam Posts: 62,244 Founders Club
edited July 2021 in Tug Tavern
https://finance.yahoo.com/news/student-loan-forgiveness-biden-promise-144633725.html
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  • MikeDamoneMikeDamone Member Posts: 37,781
    I will bill them for $100k I paid cash for for my kids.
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  • Bob_CBob_C Member, Swaye's Wigwam Posts: 10,157 Swaye's Wigwam
    Swaye said:

    Decided vote buying by child tax credit was better than vote buying a bunch of SJW baristas that are voting Dem anyway.

    Suburban Karens would not be happy with student loan bailouts.
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  • doogiedoogie Member Posts: 15,072
    Biden is getting Trillions to dole out. How hard would it be for him to “forgive” some paltry amount say $2-5 grand across the board and fly the “Mission Accomplished” banner one more time?
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  • Bob_CBob_C Member, Swaye's Wigwam Posts: 10,157 Swaye's Wigwam
    It wouldn’t be hard. It’s not as popular as Kobe wants you to think it is, or it would have happened. Same with green new deal, if it was why it was cracked up to be, there’d be a written bill. Both are better as theoretical talking points for crazy blue districts.
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  • greenbloodgreenblood Member Posts: 14,309
    MikeDamone said:

    I will bill them for $100k I paid cash for for my kids.

    You’re coming from a place of privilege
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  • HuskyJWHuskyJW Member, Swaye's Wigwam Posts: 14,314 Swaye's Wigwam
    MikeDamone said:

    I will bill them for $100k I paid cash for for my kids.

    I thought at least one had a scholly?
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  • Pitchfork51Pitchfork51 Member Posts: 26,850
    5k and not a dime more. For reasons
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  • MikeDamoneMikeDamone Member Posts: 37,781
    HuskyJW said:

    MikeDamone said:

    I will bill them for $100k I paid cash for for my kids.

    I thought at least one had a scholly?
    Partial.
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  • PurpleThrobberPurpleThrobber Member Posts: 43,456 Standard Supporter
    If this gets the fucking millennials to STFU, $10K is worth it. Pay it and move on.

    Same with goddamned reparations bullshit. Pay $10K and then STFU, too.

    Mostly just STFU.

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  • SFGbobSFGbob Member Posts: 31,940
    MikeDamone said:

    PurpleThrobber said:

    If this gets the fucking millennials to STFU, $10K is worth it. Pay it and move on.

    Same with goddamned reparations bullshit. Pay $10K and then STFU, too.

    Mostly just STFU.

    They won’t STFU though. Just like slavery reparations won’t end any of the racism industrial complex.
    How can you expect them to be silent when gays and blacks don’t have equal rights in this country?
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  • DerekJohnsonDerekJohnson Administrator, Swaye's Wigwam Posts: 62,244 Founders Club
    edited July 2021
    RoadDawg55 said:

    Mixed feelings on student loan forgiveness. On one hand, loans should be repaid. Nobody made them take the student loan. On the other hand, academia has been a huge racket for awhile.

    An 18 year old with no credit can’t get a $10,000 loan to open a business, but they will give the same 18 year old $100,000 to attend college.

    The key question is why is it that student loans are the only loans of which you can't default via bankruptcy? Why?
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  • Bob_CBob_C Member, Swaye's Wigwam Posts: 10,157 Swaye's Wigwam
    DerekJohnson said:

    RoadDawg55 said:

    Mixed feelings on student loan forgiveness. On one hand, loans should be repaid. Nobody made them take the student loan. On the other hand, academia has been a huge racket for awhile.

    An 18 year old with no credit can’t get a $10,000 loan to open a business, but they will give the same 18 year old $100,000 to attend college.

    The key question is why is it that student loans are the only loans of which you can't default via bankruptcy? Why?
    Joe knows why.

    https://www.theguardian.com/us-news/2019/dec/02/joe-biden-student-loan-debt-2005-act-2020
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  • RaceBannonRaceBannon Member, Swaye's Wigwam Posts: 104,350 Founders Club
    Bob_C said:

    DerekJohnson said:

    RoadDawg55 said:

    Mixed feelings on student loan forgiveness. On one hand, loans should be repaid. Nobody made them take the student loan. On the other hand, academia has been a huge racket for awhile.

    An 18 year old with no credit can’t get a $10,000 loan to open a business, but they will give the same 18 year old $100,000 to attend college.

    The key question is why is it that student loans are the only loans of which you can't default via bankruptcy? Why?
    Joe knows why.

    https://www.theguardian.com/us-news/2019/dec/02/joe-biden-student-loan-debt-2005-act-2020
    In December of 2019 the media still dared to criticize Joe
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  • PurpleThrobberPurpleThrobber Member Posts: 43,456 Standard Supporter
    DerekJohnson said:

    RoadDawg55 said:

    Mixed feelings on student loan forgiveness. On one hand, loans should be repaid. Nobody made them take the student loan. On the other hand, academia has been a huge racket for awhile.

    An 18 year old with no credit can’t get a $10,000 loan to open a business, but they will give the same 18 year old $100,000 to attend college.

    The key question is why is it that student loans are the only loans of which you can't default via bankruptcy? Why?
    Because the fucktardery of incurring six figure debt for a sociology degree is beyond forgiveness.
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  • SourcesSources Member, Swaye's Wigwam Posts: 3,953 Founders Club
    DerekJohnson said:

    RoadDawg55 said:

    Mixed feelings on student loan forgiveness. On one hand, loans should be repaid. Nobody made them take the student loan. On the other hand, academia has been a huge racket for awhile.

    An 18 year old with no credit can’t get a $10,000 loan to open a business, but they will give the same 18 year old $100,000 to attend college.

    The key question is why is it that student loans are the only loans of which you can't default via bankruptcy? Why?
    Because I would have coasted through a JD / MBA and wiped the slate clean on day 1. And I’m not the only one. The math isn’t hard
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  • UW_Doog_BotUW_Doog_Bot Member, Swaye's Wigwam Posts: 15,369 Swaye's Wigwam
    Sources said:

    DerekJohnson said:

    RoadDawg55 said:

    Mixed feelings on student loan forgiveness. On one hand, loans should be repaid. Nobody made them take the student loan. On the other hand, academia has been a huge racket for awhile.

    An 18 year old with no credit can’t get a $10,000 loan to open a business, but they will give the same 18 year old $100,000 to attend college.

    The key question is why is it that student loans are the only loans of which you can't default via bankruptcy? Why?
    Because I would have coasted through a JD / MBA and wiped the slate clean on day 1. And I’m not the only one. The math isn’t hard
    Then lenders wouldn't lend for bullshit. Seems like a good solution.
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