U.S. forgives 40k student loans
reuters.com
U.S. forgives 40k student loans
1–10 of 483 posts
Re: U.S. forgives 40k student loans
#2If we're going to be forgiving loans, we shouldn't be giving them out in the first place. Otherwise, we're going to be in the same spot in one generation's time.
Re: U.S. forgives 40k student loans
#3> At least 40,000 borrowers will receive immediate debt cancellation under the Public Service Loan Forgiveness (PSLF) Program.
How is this news?
Re: U.S. forgives 40k student loans
#4If we're going to be forgiving loans, we shouldn't be giving them out in the first place. Otherwise, we're going to be in the same spot in one generation's time.
They were cancelled because it turns out the schools were scams. So it was a situation where the students got into a lot of debt, and got nothing(like an education or a worthwhile diploma) in return.
Re: U.S. forgives 40k student loans
#5I wish they'd just make the interest on existing federal loans 0 and be done with it.
Re: U.S. forgives 40k student loans
#6How about giving back money to people who paid back their loans, possibly going through even greater difficulties to do that.
Re: U.S. forgives 40k student loans
#7If we're going to be forgiving loans, we shouldn't be giving them out in the first place. Otherwise, we're going to be in the same spot in one generation's time.
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Re: U.S. forgives 40k student loans
#8Fuel for inflation
Re: U.S. forgives 40k student loans
#9Can Biden forgive my mortgage while he's at it? Why should I be in debt for 30 years, it's very inconvenient. Not everyone has the money to get a fancy university education, even with loans and other financial assistance, so we should be cancelling debt across the board. We should nationalize the banks and print money until all the debt is gone. Or it's racist.
Re: U.S. forgives 40k student loans
#10> At least 40,000 borrowers will receive immediate debt cancellation under the Public Service Loan Forgiveness (PSLF) Program. How is this news?
> Several thousand borrowers with older loans will also receive forgiveness through income-driven repayment (IDR) forgiveness, plus another 3.6 million borrowers will receive at least three years of additional credit toward IDR forgiveness, the Education Department said in a statement.
I think this is the actual news. Although it doesn't state what the selection process is.