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CU Medallion [60772]
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$7.7 billion
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May 22, 2024, 7:11 AM
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We are paying to pay off other peoples loans.
It’s disgusting.
Do the people that were responsible and paid their loan back get a refund?
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All-TigerNet [13077]
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Re: $7.7 billion
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May 22, 2024, 7:24 AM
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Will current students get their loans "forgiven?"
Will future students under a Biden Administration have their loans "forgiven?"
Is the Biden Administration addressing the underlying problem related to the soaring cost of education?
Answers: No,No and No.
However, these very reasonable questions are never addressed to Joe by the press.
It is disgusting.It's nothing more than a bribe for votes and targeted in such a way to slide this down all our throats.
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110%er [5027]
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Re: $7.7 billion
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May 22, 2024, 7:48 AM
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When leftists aren't getting taxpayer handouts they're burning down and looting businesses or calling for the death of Jews. Biden knows his voting base well.
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All-TigerNet [11697]
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You're not even close...
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May 22, 2024, 7:56 AM
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Total "forgiveness" is currently at $167 Billion.
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All-In [32108]
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it's really unbelievable***
May 22, 2024, 7:59 AM
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CU Medallion [60772]
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Just saw where that is the total of the US Army
May 22, 2024, 8:01 AM
[ in reply to You're not even close... ] |
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budget.
But we are more worried about a Trump staffer reposting the word reich.
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110%er [5402]
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Re: $7.7 billion
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May 22, 2024, 8:28 AM
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You're a dumb mooch yourself. Your wife and her money is who you are. You have said as much. Just shut and appreciate what you have and don't act like you have tbe brain power to have ever done anything on your own. Pipe down.
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All-In [35057]
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Good cumback, GroomerGrimm***
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May 22, 2024, 8:43 AM
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110%er [5402]
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Re: Good cumback, GroomerGrimm***
May 22, 2024, 9:13 AM
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You did worse you moron....as usual.
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All-In [25492]
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Just shut your mouth and chew your chit.***
May 22, 2024, 10:33 AM
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110%er [5402]
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Re: Just shut your mouth and chew your chit.***
May 23, 2024, 4:55 AM
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Br quiet moron. Your dumbet than a rock. You knoe that though. You and the OP. Just absolute dumbshharrs. Do you evet get tired of people ripping into you for being a moron?
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All-In [25492]
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That's mostly your pedestal... Keep chewing.***
May 23, 2024, 10:38 AM
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CU Medallion [60772]
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What?
May 22, 2024, 10:21 AM
[ in reply to Re: $7.7 billion ] |
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You are an angry little troll
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110%er [5402]
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Re: What?
May 23, 2024, 10:02 AM
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Nah....you're just a moron. You know that though. Everyone on here does.
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Legend [17756]
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About 1/3 of annual farm subsidies _ most of which goes to largest producers
May 22, 2024, 9:56 AM
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Are farmers more deserving than students? Or are rural farm state voters an important voting bloc?
Of course $800 billion a year for defense _ which leads me to say the military spends 7.7 B every week before finishing their coffee on Wednesday morning.
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All-In [32108]
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in short...yes...because it's not a very good comparison...
May 22, 2024, 10:33 AM
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agree with farm subsidies or not, they aren't a given and are based on a lot of different factors, not the least of which is market price versus a target price set by Congress. The idea is that it protects farmers and helps sustain an industry against cheap foreign imports (sometimes) while allowing the consumer to benefit from the lower market prices.
With that said, I think the program is over-done and exploited by some. However, that it not at all comparable to a student taking out a loan and agreeing to pay it back and then forgiving the loan when we're at dang near full employment and having tax payers pay for it.
Apples and oranges
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Legend [17756]
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Theres various criteria for student loan forgiveness ...
May 22, 2024, 11:05 AM
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Some can be viewed as more legitimate than others. Some student loan forgiveness programs have been around for decades with historical public approval. Eligibility for recent loan forgiveness has been expanded drawing public debate.
There’s also various types of farm subsidies _ some may be viewed as legitimate, some not so much.
The common element is Federal government providing financial assistance to private individuals and enterprises based upon perceived need. When mining for waste in government spending, all programs and agencies should be subject to equal scrutiny.
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All-In [32108]
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I don't agree at all...
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May 22, 2024, 12:55 PM
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in the case on student loans, you have private individuals that signed a contract to borrow and repay the funds. Nothing really changed in the market/environment and, in fact, there's never been an easier time to find employment.
It's just not the same as farm subsidies and it can't be lumped all together and simply called waste...at least not in the context of criticizing one vs the other.
Further, and perhaps just as important, simply forgiving the loans doesn't do anything to fix the underlying problem and may very well make it worse.
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All-In [32589]
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Re: $7.7 billion
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May 22, 2024, 10:47 AM
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I’ve brought this up before and true to P&R form it falls on deaf ears, but every one of these contentious conversations about loans & forgiveness are missing enormous amounts of requisite nuance. These huge dollar amounts are shared intentionally to be eye-popping and generate emotions- the missing context is that the overwhelming majority of these recent rounds of loan forgiveness are from public service loan forgiveness programs that have existed since the 1990’s, but have heretofore never been funded or managed as intended. Be upset all you want, but these programs are decades old promises made to borrowers at the time they took out loans, that are just now being kept.
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Legend [17756]
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This is a legitimate point. SIL took advantage of PSLF
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May 22, 2024, 11:53 AM
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Also know of several teachers.
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All-In [34429]
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All-TigerNet [13607]
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If that were true; SCOTUS wouldn't have said "no". TWICE.
May 22, 2024, 12:56 PM
[ in reply to Re: $7.7 billion ] |
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LOL @ you and your likenesses that responded to your dumb statement bukkake'ing each other.
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All-In [43019]
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I struggle somehow to understand how you're this dumb
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May 22, 2024, 1:11 PM
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And can't research something.
This money, as CharlestonTiger15 already explained, is going toward a program that was created by George W. Bush
This program already exists. This is NOT an undermining for the SCOTUS. What the SCOTUS ruled against was Biden's new program to provide relief to all sorts of people AND a separate ruling on misuse of the HEROES Act.
Biden is funding a REPUBLICAN-created program that already exists and is funded every year.
I hope YOU didn't spend too much on your education because ####.
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All-In [32589]
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I cant imagine having such confident beliefs in things I have no understanding***
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May 22, 2024, 1:19 PM
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All-TigerNet [13607]
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All-In [32589]
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Do you always get this mad when youre wrong?***
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May 22, 2024, 2:49 PM
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Legend [18082]
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...and he's always mad.***
May 22, 2024, 4:22 PM
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All-In [32589]
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All-TigerNet [13607]
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Another gd moron...
May 22, 2024, 2:31 PM
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You know, being ignorant is OK; but you Libs of Tnet irritate the fk out of me, because you think you are intelligent.
Republican attorneys general have launched legal challenges to the SAVE plan after the Supreme Court last year struck down a similar plan by the Biden administration to forgive over $400 billion of student debt under the HEROES Act. President Biden openly bragged last year about his plan to defy the Supreme Court by equipping the Higher Education Act this time around to create the SAVE plan.
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All-In [32589]
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You dont know when to stop digging***
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May 22, 2024, 2:48 PM
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All-In [34429]
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LOL, was trying to figure out why you were so hostile
May 22, 2024, 2:59 PM
[ in reply to Maybe educate yourself about those Supreme Court cases ] |
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and then realized that there are 10 posts I'm not seeing, thanks to the magic Ignore button, and you're obviously responding to one of those. Carry on. 
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Hall of Famer [20465]
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Re: $7.7 billion
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May 22, 2024, 1:12 PM
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Most of that $7.7 billion went to people who qualified for the Public Service Loan Forgiveness program. Teachers, cops, public defenders, etc. Not much different than military veterans getting free college, except these folks have been making payments on their loans for the last 10 years.
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All-In [32589]
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This is not a place for nuanced discussion***
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May 22, 2024, 1:20 PM
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All-TigerNet [13607]
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Ill be volunteering at the VA this weekend.
May 22, 2024, 5:02 PM
[ in reply to Re: $7.7 billion ] |
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I’ll be sure to let the guys with no legs know that their college was just as “free”.
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All-In [25492]
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What about the $160B already "forgiven"...? That's just history, right?***
May 23, 2024, 10:41 AM
[ in reply to Re: $7.7 billion ] |
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All-In [48450]
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If you sign the line, you pay the dime.***
May 22, 2024, 2:50 PM
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All-In [32589]
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Re: If you sign the line, you pay the dime.***
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May 22, 2024, 2:53 PM
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How about if when you signed the line, you enrolled in PAYE or IBR or PSLF that you were promised would forgive remaining debt after x number of years of public service or years of loan payments?
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Hall of Famer [20465]
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All-In [32589]
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Re: How much did your employer get from PPP, and how much did they pay back?***
May 22, 2024, 3:25 PM
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Oh Jesus they get really upset when anyone brings up PPP. That was totally different, see?
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All-In [48450]
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All-In [32108]
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The contract for PPP included potential loan forgiveness if certain...
May 22, 2024, 5:00 PM
[ in reply to How much did your employer get from PPP, and how much did they pay back?*** ] |
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conditions were met...essentially that the funds were used to continue to employee people and keep the business open.
So you're trying to compare forgiveness of a loan that was known and factored into the borrower's thinking at the time of the loan vs paying back a loan in contradiction to the signed agreement/contract.
Not the same thing.
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All-In [32589]
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Re: The contract for PPP included potential loan forgiveness if certain...
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May 22, 2024, 5:21 PM
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PSLF, IBR, PAYE, were all conditional forgiveness programs that everyone knew about and planned for at least in 2010 when I matriculated. I think the more apt comparison would be if PPP borrowers met those conditions, then the loans weren’t forgiven, because that’s exactly the situation w PSLF applicants.
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All-In [32108]
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That's correct, but then you should have been a bit more specific....
May 22, 2024, 6:01 PM
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safe to say I didn't read the entire thread, but your seemed to be comparing the general issue of studen loan forgiveness (assuming in the current political context with Biden's attempts/plans and not the older existing programs) and PPP.
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All-In [32589]
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Re: That's correct, but then you should have been a bit more specific....
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May 22, 2024, 8:10 PM
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I don’t know man, I’m not trying to analyze policy over TNet or anything. These manufactured outrage threads about student loan forgiveness just rub me the wrong way and I feel compelled to share just some basics about the issue. The knuckleheads getting wound up over it don’t understand even basic facts or context, but that doesn’t stop them from getting spitting mad over what boils down to government subsidy of higher education, applying a standard without acknowledging the multitude of other areas where the exact same thing happens. If anything I’d expect these newfound populists to be more on the side of the people benefitting from government expenditure over corporations or foreign aid.
It’s also an issue that affects me personally. Now, I accepted a long time ago that my debt wasn’t going anywhere, and things like PSLF were never meant for people going to professional schools, even though we’re as affected if not more by the tuition skyrocket… but I still empathize with people who had promises made to them about making repayments or working for non-profits who are just now seeing a glimmer of hope of those promises being fulfilled, even if it doesn’t benefit me. That’s fine, I am blessed and can make my payments, even if it hurts to think about. I would way rather higher ed costs be addressed than see any more or new debt relief, otherwise the problem exists in perpetuity.
Maybe it just comes down to the fact that at the end of the day, I value education and see funding it as a really worthwhile societal endeavor.
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All-In [32108]
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I get it and on your last point...
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May 22, 2024, 9:43 PM
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what's so bad is that student loan forgiveness isn't the means to fix "funding". It's a populist band-aid approach...and I'm speaking of the recent Biden programs, not the programs that forgive loans to encourage certain professions, like teachers in disadvantaged areas. Those kind of programs are defensible. It's the push to forgive loans in general just because people made poor decisions...for example coming out of school with $100k in debt and a sociology degree. It's not that we don't need sociology education...it just doesn't have to be at an expensive school and take $100k in debt to obtain. Tell me a sociology grad from a community college didn't learn pretty much the same stuff as a sociology grad from Clemson or Furman, for example.
And all of the attention to loan forgiveness and almost no attention to the skyrocketing and absurdly high tuition and cost/standard of living for today's student. The huge growth in admin and non-instructive costs at most universities. It's clear, from a political perspective, why left-leaning politicians prefer the populist band-aid approach versus actually trying to fix the problem.
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