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Student Loan Forgiveness Discussion


luvyablue256

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It's against my self interest to say this, as someone with student loan debt, but I don't think it's fair to ask average Americans to pay for the student loan debt of those who used debt to finance co

Anyone who supported PPP and not loan forgiveness is a hypocrite. Those who took the money and criticize it are even worse. We lost 200 billion to fraud alone on PPP.

I’m not a student debt forgiveness fan.  While I do think the cost of education is rediculous and in need of reform, which is another subject, they signed on for what they signed on for.     I’

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And there's we go. SCOTUS rules it's too significant to be allowed, which is quite the ideological (not legal) determination.

 

But creating an ideologically driven court is the entire point of the overt hijacking of the SCOTUS nomination process over the past handful of decades and specifically during Obama's term.

 

Nothing surprising, really.

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17 minutes ago, wiscotitansfan said:

Hasn't Trump defaulted on or been forgiven for hundreds of millions in loans he took out?

 

Whataboutism!   

 

A great ruling!   Demented Biden is not authorized to spend money on student debt.   

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2 minutes ago, Little Earl said:

 

Whataboutism!   

 

A great ruling!   Demented Biden is not authorized to spend money on student debt.   

I'm not even for Student loan forgiveness (it was the correct choice to deny it) even if it would help my girlfriend a lot. I'm just pointing out how dumb it is to act like "You take out a loan, you pay it back. Pretty logical." when his idol brags about being such a great businessman does so literally because he weasels out of paying his debts.

Edited by wiscotitansfan
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There's another Constitutional route the administration can take on this issue, but it will of course be challenged as well.

 

https://news.bloomberglaw.com/us-law-week/potential-plan-b-for-biden-student-loan-relief-messy-untested

 

"If the court rules the education secretary doesn’t have the power to forgive debts for 40 million Americans under the Higher Education Relief Opportunities for Students, or HEROES Act, Michael Connelly said the Biden administration will just try again using authority provided by the Higher Education Act and this time go through the proper notice and comment rulemaking process."

 

 

 

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Just another way for the wealthy to continue to control society. They can't allow this kind of social mobility. Instead they have to burden down people with debts they can never repay as they tell them their whole lives they can't get a good paying job without it.

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20 minutes ago, tgo said:

 


Biden wins no matter which way this goes.  
 

1) he either uses congress or executive authority to eliminate these loans.

 

2) he lays this issue at the feet of republicans and galvanizes young/minority voters either way.

 

there’s a reason why Biden waited so long to propose this after he campaigned on the promise.  He wanted this to be a re-election campaign issue…..dems win either way  Biden is really good at POLITICS.

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