Americans who worked hard to pay off student loans react to Biden's massive college d

evince said:
Lenders helped cause the 2008 crash by lending to people who couldn’t pay back



Lenders make bank on students who can’t pay


They pay the minimum payment for decades


While still owing the full balance because the minimum never pays the principle down


They already made a profit
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That has nothing to do with my taxes paying off their debt.
 
floridafan said:
Do you just pull numbers out of you ass?
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Nope. You have heard about Wharton haven't you?

Summary: We estimate that forgiving federal college student loan debt will cost between $300 billion and $980 billion over the 10-year budget window, depending on program details. About 70 percent of debt relief accrues to borrowers in the top 60 percent of the income distribution.
Click to expand...
https://budgetmodel.wharton.upenn.edu/issues/2022/8/26/biden-student-loan-forgiveness
 
ExpressLane said:
Americans who worked hard to pay off student loans react to Biden's massive college debt handout
President Joe Biden is today expected to announce a student loan handout plan that would essentially use taxpayer money to pay off up to $10,000 of student debt per borrower making under $125,000 per year.

That means Americans may be footing a nearly $300 billion bill if Biden goes through with the reported plan — plus extends a repayment pause to next year.

The nation's federal student debt now tops $1.6 trillion after ballooning for years. More than 43 million Americans have federal student debt, with almost a third owing less than $10,000 and more than half owing less than $20,000, according to the latest federal data.......

Many hardworking, play-by-the-rules Americans have diligently paid off their student loans as a matter of personal responsibility. They believe in taking care of their obligations; for them, it was and is the right thing to do.

https://www.foxnews.com/lifestyle/americans-bidens-student-loan-handout-plan-suspicious

==========================================

So hairdresser ,plumbers, electricians, carpenters, taxi cab drivers, truckers, and maids get to pay the bills of bankers , lawyers, doctors, and dentists. Does that seem fair to you? This is a blatant attempt to buy votes with your money.
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Except that repukes worked hard at amassing huge PPP loans and college loans with no intent to pay those loans back:

‘Deadbeats’ Don’t Pay Debts, Says Trump Fed Pick Held in Contempt for Not Paying Debts
President Biden's plan to relieve student loans for millions of Americans has led to a banner week in CONservative hypocrisy
https://www.rollingstone.com/politi...bt-deadbeats-republican-hypocrisy-1234582294/


White House’s Official Twitter Account Drags Republicans Over Loan Forgiveness Hypocrisy
Reps. MTG, Matt Gaetz, and others didn’t want the smoke.

https://nowthisnews.com/news/white-houses-twitter-account-drags-gop-over-loan-forgiveness-hypocrisy
 
gemini104104 said:
Except that repukes worked hard at amassing huge PPP loans and college loans with no intent to pay those loans back:

‘Deadbeats’ Don’t Pay Debts, Says Trump Fed Pick Held in Contempt for Not Paying Debts
President Biden's plan to relieve student loans for millions of Americans has led to a banner week in CONservative hypocrisy
https://www.rollingstone.com/politi...bt-deadbeats-republican-hypocrisy-1234582294/


White House’s Official Twitter Account Drags Republicans Over Loan Forgiveness Hypocrisy
Reps. MTG, Matt Gaetz, and others didn’t want the smoke.

https://nowthisnews.com/news/white-houses-twitter-account-drags-gop-over-loan-forgiveness-hypocrisy
Click to expand...

LIAR, the right...the R's...have tended to avoid the Universites sensing that EVIL was afoot.

They were correct.
 
ExpressLane said:
Nope. You have heard about Wharton haven't you?

https://budgetmodel.wharton.upenn.edu/issues/2022/8/26/biden-student-loan-forgiveness
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Its so obvious that you dont read, you dont post links, your handlers do it for you. If you had even bothered the very firstling- the first line:

"Summary: President Biden’s new student loan forgiveness plan includes three major components. We estimate that debt cancellation alone will cost up to $519 billion, with about 75% of the benefit accruing to households making $88,000 or less"
 
gemini104104 said:
Except that repukes worked hard at amassing huge PPP loans and college loans with no intent to pay those loans back:

‘Deadbeats’ Don’t Pay Debts, Says Trump Fed Pick Held in Contempt for Not Paying Debts
President Biden's plan to relieve student loans for millions of Americans has led to a banner week in CONservative hypocrisy
https://www.rollingstone.com/politi...bt-deadbeats-republican-hypocrisy-1234582294/


White House’s Official Twitter Account Drags Republicans Over Loan Forgiveness Hypocrisy
Reps. MTG, Matt Gaetz, and others didn’t want the smoke.

https://nowthisnews.com/news/white-houses-twitter-account-drags-gop-over-loan-forgiveness-hypocrisy
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LOL! Rolling Stone? Hell, even musicians think that rag is a leftist piece of shit.
 
RB 60 said:
Uh, no they don't.
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Incorrect. OTOH, more support making college more affordable.

https://www.npr.org/2022/06/17/1104920545/poll-student-loan-forgiveness
A majority of the general public (55%) supports forgiving up to $10,000 of a person's federal student loan debt. But the more generous the relief, the more that support narrows....

...A whopping 82% said the government's priority should be making college more affordable for current and future students. Just 16% believed forgiving student debts should take priority.

 
floridafan said:
Its so obvious that you dont read, you dont post links, your handlers do it for you. If you had even bothered the very firstling- the first line:

"Summary: President Biden’s new student loan forgiveness plan includes three major components. We estimate that debt cancellation alone will cost up to $519 billion, with about 75% of the benefit accruing to households making $88,000 or less"
Click to expand...

And if you read the entire article beyond the first sentence you would see it that the total program would cost between 300 and 980 billion dollars. But reading and comprehending is asking to much from you.

Summary: We estimate that forgiving federal college student loan debt will cost between $300 billion and $980 billion over the 10-year budget window, depending on program details. About 70 percent of debt relief accrues to borrowers in the top 60 percent of the income distribution.
 
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RB 60 said:
LOL! Rolling Stone? Hell, even musicians think that rag is a leftist piece of shit.
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Yep that shows how desperate he is. Remember the "A Rape on Campus" article they published. The whole thing was made up but the Rolling Stone published the lie anyway.


On January 12, 2015, Charlottesville Police officials told UVA that an investigation had failed to find any evidence confirming the events in the Rolling Stone article. UVA President Teresa Sullivan acknowledged that the story was discredited. Charlottesville Police officially suspended their four-month investigation on March 23, 2015, based on lack of credible evidence. The Columbia University Graduate School of Journalism audited the editorial processes that culminated in the article being published. On April 5, 2015, Rolling Stone retracted the article and published the independent report on the publication's history.
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https://en.wikipedia.org/wiki/A_Rape_on_Campus
 
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