T. A. Gardner
Serial Thread Killer
Temporarily waiving or modifying loan payments is one thing, cancelling them completely is totally another.
Student Loans Decision Unravels One of Biden’s Signature Efforts
- Thread starter BidenPresident
- Start date
Temporarily waiving or modifying loan payments is one thing, cancelling them completely is totally another.
Joe Capitalist
Racism is a disease
This is one of Biden's policies that I don't favor. Why should these students get student loan relief when the millions of students before them had to work hard to pay their loans off. And what about the students in the future? Are we going to pay theirs off as well? Where does it end?
If you can't afford the school, go to a less expensive one. It's not rocket science. It's Economics 101.
NiftyNiblick
1960s Chick Magnet
Part of the reason this republic is descending into third world status is its pathetic commitment to educating its citizens.
The people who got fucked are already fucked.
Not sure why the government should keep fucking people because of that.
Should they have continued slavery due to the number of people who spent their entire lives as slaves?
Abolition wasn't fair to them.
BidenPresident
Verified User
Hey, go to Harvard or Yale--best way to get on Supreme Court. Can't afford it? Tough shit.
Seven current justices from Harvard or Yale. One from Princeton. One from Notre Dame.
Oh wait, none of the nine justices came from community college!
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Geeko Sportivo
Verified User
Here is the reason why I thought the Executive order was wrong.
It was not fair to the taxpayers.
It was not fair to the people who fulfilled their commitments to repay their debts or those who are currently continuing to repay their debts- regardless to what the debt financed to begin with- and to include student loans.
If student loans are causing people to go bankrupt, we have bankruptcy laws that covers that.
I do not always agree with the ways Bankrupt laws prevent, protect, or forgive people from repaying their loans either, but that is a separate issue.
I have a lot of issues with presidential powers, such as their ability to circumvent the law while in office, their pardoning powers etc, but again these are separate issues for Congress to decide, just as Student Loan Forgiveness should have been.
I do not blame presidents for trying to use executive orders, to accomplish their commitments or fulfill their campaign promises, but that is why we have a Supreme Court. And Congress is tasked with the creation of law! Not the Supreme Court, and not a president! I believe in the Constitution, and the Legislative process of our Congress to create law, but when an XO violates the Constitution, it should be reversed.
And on this decision, I agree with the Supreme Court.
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Monad Portal
Was it me?
Because of imminent bailouts.
BidenPresident
Verified User
What bailouts?
Monad Portal
Was it me?
Because of imminent bailouts.
Monad Portal
Was it me?
The biden bailouts the supreme court struck down.
Monad Portal
Was it me?
Now the fascist indoctrination centers are fucked.
QP!
Verified User
No it is not.
"...Higher Education Relief Opportunities for Students Act of 2003. The law allows the education secretary to waive or modify loan provisions..."
If Congress intended a LIMIT on the word "modify" then the onus is on them to put it in there. It is a 'modification' of the load terms to change it to forgiveness.
if i give you the power as the sole decision who can make all decisions on modifying XYZ, and then when you modify XYZ, I say 'wait that modification was too much', that is on YOU and not me. You are too blame if you did not want XYZ done that way.
This is yet another example of an captured SC serving corporate banking interests.
QP!
Verified User
Couple things.
Student loans are one of the only loans you cannot clear with bankruptcy. And that is horribly wrong. I find it impossible to justify the carve out for why, they, almost uniquely cannot shed that debt with bankruptcy and thus it could cause some to go into bankruptcy many times over, as they emerge form the first bankrup[tcy still int hole.
Second the logic of it being 'unfair to past people who did not get the same benefit and who paid up', is, iMO the worst type of reason playing to peoples pettiness instead of their generosity and fairness.
If you deem something wrong and think redress is needed, then give the redress. If instead you set a standard of 'if everyone in the past did not get such redress then no one in the future should', that is a horrible way to govern. "oh we abused people like you for last 10 years and they did not get compensation so no one in the future should get any even though the abuse continues'.
What i find most amusing is that not only can the POTUS, with an assist from COngress to devise a program to just hand business owners free cash, ... because hardship... because pandemic... but they can hand it out telling them they will almost certainly forgive those loans and they will not need to be repaid ... because hardship... because pandemic....
Nothing should speak to you more about how courts originally were created to serve the Owner class and subvert the working class and how that still is their primary function today.
We heard no complaints about Free handouts to the OWners nor loan forgiveness to them. NO calls for means tests. NOTHING. Just give them money and forgiveness ... because hardship... because pandemic... and we want to help them and not burden them.
Students though... Fuck them... let them dig out.
When did Congress authorize the forgiveness plan? Pelosi opposed it because she said only Congress could make that decision.
Yes
Politically this is good for Biden, he will travel the country blaming MAGA for killing it.
BidenPresident
Verified User
Trump and the GOP are openly fascist. Biden wants opportunities for all Americans.
Congress passed a law allowing the PPP loan forgiveness. They did not authorize the student loan forgiveness. Biden needs to get congressional authorization.
Geeko Sportivo
Verified User
There is one thing that is static, and that is- if you sign for it- you own it!
And that goes for loans- of any kind.
And right is right and from wrong is wrong! That is static! That never changes.
Now, given, Congress does decide what is right and what is wrong! And yes that is debatable, that is why we have elections. And that is why they are so very important!
And if you borrow money, you should repay it. THAT WILL ALWAYS BE THE RIGHT THING TO DO!
There are thousands of circular arguments that can be made about who, when, where, if, and, or BUT!
But we must always stick to a standard of what is right and what is wrong.
If it is right for any single one of us to not have to repay their debt- then it is not right for any of us, as a whole, to have to repay their debt.
If this guy doesn't have to repay his debt, why should anyone else have to repay theirs?
Stealing food is wrong- It does not matter whether you are hungry or not!
We have to be consistent with our law!
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Agreed. It was not legal for Trump to suspend those payments and it is not legal for Biden to forgive those loans.
The pandemic emergency no longer exists so using a law allowing presidential actions for emergencies does no longer apply.
Most students going to Harvard or Yale do not pay full tuition. Harvard students with family income below $85,000 do not have to contribute to their child's education. 55% of undergraduates receive financial aid and pay an average of $12,700 a year in tuition. Over 80% of the class of 2021 graduated debt free.
https://news.harvard.edu/gazette/st...graduates receive,of 2021 graduated debt-free.