Student loans

[chop2chip]

Student debt is going to explode next year. Students are going to take this as a signal to borrow with the expectation to never repay their debt.

[acesfull86]

Another terrible policy from a terrible administration.

[thethe]

Democrats just doing what they do best.

Take stolen money to buy votes.

[msstate7]

Will the 10k be taxable income?

[chop2chip]

Will the 10k be taxable income?

I honestly doubt they have thought about that part. This policy was engineered for a headline not to create positive outcomes.

[Krgrecw]

F this. What about the ones who paid off their debt or worked their way through school and have no debt?

[thethe]

F this. What about the ones who paid off their debt or worked their way through school and have no debt?

Even worse - How about the ones that never went to school that now have to pay for stupid ass gender studies degrees?

[Tapate50]

F this. What about the ones who paid off their debt or worked their way through school and have no debt?

Check your privilege bro

[acesfull86]

F this. What about the ones who paid off their debt or worked their way through school and have no debt?

To steal a phrase from the cancellation supporters - I still haven’t seen an argument FOR student loan cancellation that isn’t rooted in cruelty.

[57Brave]

To steal a phrase from the cancellation supporters - I still haven’t seen an argument FOR student loan cancellation that isn’t rooted in cruelty.

Could you please explain
Won't argue or respond but curious your logic

[acesfull86]

Could you please explain
Won't argue or respond but curious your logic

Because for whatever merit one sees in forgiving the loans, and the end of the day, cancellation is transferring the debt burden from the people who took out the debt and shifting it to people who did not. That to me is cruel.

[acesfull86]

I expect a lot of pretzel twisting logic when this announcement comes out:

- loan cancellation would stimulate the economy, they said (back when it needed stimulating), but miraculously, those same folks will argue it won’t be inflationary now (when we certainly don’t need to exacerbate inflation)

- the economy is doing great, they say, yet people with college degrees making over $100k a year require a bailout and yet another student loan payment pause

- sure over 70% of the benefits will flow to those in the top half of the income distribution, but those at the bottom will still feel the largest magnitude of the impact, they’ll say, using the very argument they’ve rejected for years whenever (R) pushed a tax cut

[sturg33]

My mortgage identifies as a student loan

[chop2chip]

loan cancellation would stimulate the economy, they said (back when it needed stimulating), but miraculously, those same folks will argue it won’t be inflationary now (when we certainly don’t need to exacerbate inflation)

This x 100000000000

[sturg33]

And they're extending the payment pause hahahahahahaha

What a complete joke this. Absolutely theft

[thethe]

And they're extending the payment pause hahahahahahaha

What a complete joke this. Absolutely theft

Desperate for votes in the mid terms.

[msstate7]

Forbes has a headline that some may get 20k, but I can't read the article. Thought it was 10k across the board

[acesfull86]

Forbes has a headline that some may get 20k, but I can't read the article. Thought it was 10k across the board

I think pell grant recipients would qualify for the 20k

[msstate7]

I think pell grant recipients would qualify for the 20k

Wow

[acesfull86]

“People think the president of the United States has the power for debt forgiveness. He does not. He can postpone. He can delay. But he does not have that power. That has to be an act of Congress," House Speaker Nancy Pelosi, D-Calif., said last month.