OT Biden's Education Department will immediately wipe out out student loan debt for 40,000 borrowers

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  1. SlyPokerDog

    SlyPokerDog Woof! Staff Member Administrator

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    Biden's Education Department will immediately wipe out out student loan debt for 40,000 borrowers and bring 3.6M Americans closer to ending payments by promising to fix 'longstanding failures' in forgiveness scheme that hit low-income students
    • Education Secretary Miguel Cardona called the current student loan system a 'life sentence' for millions of low-income borrowers in a Tuesday statement
    • The actions taken by Cardona's department will make nearly 4 million Americans eligible for at least some student loan debt relief, the DoE promised
    • The Education Department also accused student loan servicers of predatory 'forbearance steering' practices rather than giving borrowers a better option
    • It says servicers are inappropriately leading borrowers into forbearance when many could be eligible for $0 payments under income-based repayment plans
    • Roughly 41 million people collectively own $1.6 trillion in U.S. student loan debt
    • Progressive Democrats including AOC want to swipe all student debt
    • Biden has extended the freeze on payments during the pandemic
    https://www.dailymail.co.uk/news/ar...-wipe-student-loan-debt-40-000-borrowers.html
     
    SlyPokerDog, Apr 19, 2022
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  2. EL PRESIDENTE

    EL PRESIDENTE Username Retired in Honor of Lanny.

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    They're probably gonna do way more right before the midterms.

    Dangling that carrot.
     
    EL PRESIDENTE, Apr 19, 2022
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  3. jonnyboy

    jonnyboy Well-Known Member

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    Half the country still can’t get sick or go to the doctor without being financially ruined for life, so let’s forgive some college debts that were taken on completely voluntarily. We’ll even make the people swamped in medical debt pay for it.
     
    jonnyboy, Apr 19, 2022
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  4. SlyPokerDog

    SlyPokerDog Woof! Staff Member Administrator

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    Why does it have to be either or?
     
    SlyPokerDog, Apr 19, 2022
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  5. RR7

    RR7 Well-Known Member

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    So, Medicare for all?
     
    RR7, Apr 19, 2022
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  6. EL PRESIDENTE

    EL PRESIDENTE Username Retired in Honor of Lanny.

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    Blue collar bailing out white collar.
     
    EL PRESIDENTE, Apr 19, 2022
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  7. MARIS61

    MARIS61 Real American

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    Math is Real.
     
    MARIS61, Apr 19, 2022
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  8. julius

    julius I wonder if there's beer on the sun Staff Member Global Moderator

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    Cept when it deals with imaginary numbers
     
    julius, Apr 19, 2022
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  9. MARIS61

    MARIS61 Real American

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    You'd think 13 years of Public Education would have prepared students for the very basic math and logic which would have easily prevented 100% of them from borrowing a fortune for a worthless degree that so obviously would never provide a career with enough income to pay off the loan.

    Most people were just born/raised with that common sense even before a formal education. After all, it's not rocket science.

    BTW, rocket science is one of those career fields actually worth getting a degree for.
     
    MARIS61, Apr 19, 2022
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  10. SlyPokerCat

    SlyPokerCat cats rool dogs drool

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    So you support obamacare since it implemented a ban on lifetime benefit limits so health insurance companies can't tell you to fuck off after using up too much benefit?

    Right on!
     
    SlyPokerCat, Apr 19, 2022
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  11. Phatguysrule

    Phatguysrule Well-Known Member

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    Bingo
     
    Phatguysrule, Apr 19, 2022
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  12. jonnyboy

    jonnyboy Well-Known Member

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    Because one is more important and affects more people.
     
    jonnyboy, Apr 20, 2022
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  13. jonnyboy

    jonnyboy Well-Known Member

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    Yep, and no more unnecessary foreign interventions. The costs should offset just fine.
     
    jonnyboy, Apr 20, 2022
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  14. jonnyboy

    jonnyboy Well-Known Member

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    You mean Romneycare?
    Obamacare had a few “key points” that sounded good as their selling points. You can’t advertise a turd as a turd and sell it. Overall it was a travesty though.

    It was like any other American Bureaucratic scheme: Steal from the working class, say you’re giving it to the poor and give the overwhelming majority of it to the rich.
     
    jonnyboy, Apr 20, 2022
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  15. SlyPokerCat

    SlyPokerCat cats rool dogs drool

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    So you dont think having a lifetime benefit limit is good? It does just what you said, makes it so people can't be denied coverage because it costs too much for things like a car accident, children born with disabilities, etc. Etc.
     
    SlyPokerCat, Apr 20, 2022
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  16. Phatguysrule

    Phatguysrule Well-Known Member

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    My daughter broke her hand. Got an x-ray at urgent care and a brace. $175. Referred to ortho for review.

    Doctor looked at arm looked at x-ray from urgent care, said take it easy for 3-6 weeks and left room. Total of about 5 minutes. Billed us $850 for "surgery".

    Obamacare is shit. It's less shitty than what we had before, but it's absolute dog shit.
     
    Phatguysrule, Apr 20, 2022
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  17. Chris Craig

    Chris Craig (Blazersland) I'm Your Huckleberry Staff Member Global Moderator Moderator

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    That's fraud
     
    Chris Craig, Apr 20, 2022
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  18. THE HCP

    THE HCP NorthEastPortland'sFinest

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    Looking at schools for my daughter right now….. the 5 schools who want her and she wants are all right at about $70,000/year.

    SIGH……
     
    THE HCP, Apr 20, 2022
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  19. SlyPokerCat

    SlyPokerCat cats rool dogs drool

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    That's not solely an Obamacare problem. Thats a health insurance and medical industry problem.

    If you got in a car accident or had a disabled child that had to spent 2 months in NICU, you would be saying a completely different tune if it wasn't for Obamacare.
     
    SlyPokerCat, Apr 20, 2022
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  20. SlyPokerCat

    SlyPokerCat cats rool dogs drool

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    It's great to support your kids, but don't let her do it. Best situation that gives her a full ride she should take. It isn't worth it for her to put you or her in debt like that. One day she will probably inherit everything you and mom has along with your son. This decision affects her and your family a ton.

    I know you're a great dad and will support her no matter what.
     
    SlyPokerCat, Apr 20, 2022
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