Apply for student loan debt forgiveness

#1

Post by braingenious » Sat, Oct 15, 2022, 1:32 AM UTC

Apply for student loan debt forgiveness
studentaid.gov

Re: Apply for student loan debt forgiveness

#2

Post by lapcat » Sat, Oct 15, 2022, 2:01 AM UTC

There are tax implications to debt forgiveness in some states, unless those states change their laws, so be careful about rushing to file. The filing deadline is not until Dec. 31, 2023.

https://taxfoundation.org/student-loan-debt-cancelation-tax-...

Re: Apply for student loan debt forgiveness

#3

Post by OrangeMonkey » Sat, Oct 15, 2022, 2:02 AM UTC

There is no such thing as forgiveness for loans - its always paid by someone.

This is, in essence, transferring the debt from people who graduated college to people who - on average - did not go to college. The most regressive invisible tax hike we have ever had but sure. . . yay.

Re: Apply for student loan debt forgiveness

#4

Post by [deleted] » Sat, Oct 15, 2022, 2:02 AM UTC

[deleted]

Re: Apply for student loan debt forgiveness

#5

Post by YeBanKo » Sat, Oct 15, 2022, 2:03 AM UTC

One of the worst decisions by the current administration. This a ridiculous debt transfer.

Re: Apply for student loan debt forgiveness

#6

Post by maxfurman » Sat, Oct 15, 2022, 2:03 AM UTC

OrangeMonkey wrote: post #3

There is no such thing as forgiveness for loans - its always paid by someone. This is, in essence, transferring the debt from people who graduated college to people who - on average - did not go to college. The most regressive invisible tax hike we have ever had but sure. . . yay.

Is this so different from the PPP loans that were forgiven?

Re: Apply for student loan debt forgiveness

#7

Post by qbasic_forever » Sat, Oct 15, 2022, 2:04 AM UTC

OrangeMonkey wrote: post #3

There is no such thing as forgiveness for loans - its always paid by someone. This is, in essence, transferring the debt from people who graduated college to people who - on average - did not go to college. The most regressive invisible tax hike we have ever had but sure. . . yay.

Heaven forbid a country invest in the education of its people. What a terrible no good idea, we should definitely be putting that money into pumping business or other interests.

Re: Apply for student loan debt forgiveness

#8

Post by lapcat » Sat, Oct 15, 2022, 2:05 AM UTC

OrangeMonkey wrote: post #3

There is no such thing as forgiveness for loans - its always paid by someone. This is, in essence, transferring the debt from people who graduated college to people who - on average - did not go to college. The most regressive invisible tax hike we have ever had but sure. . . yay.

> transferring the debt from people who graduated college

One correction: Student loan debt is incurred regardless of whether the debtors graduated and received a degree.

Re: Apply for student loan debt forgiveness

#9

Post by sergiomattei » Sat, Oct 15, 2022, 2:05 AM UTC

As someone whose partner is bogged by student debt — unable to find a job in their industry due to the recession — this is such a relief.

Those arguing this is a debt transfer, have some sympathy. Things are difficult out there, especially for new grads in this economic environment.

Re: Apply for student loan debt forgiveness

#10

Post by lazyasciiart » Sat, Oct 15, 2022, 2:06 AM UTC

OrangeMonkey wrote: post #3

There is no such thing as forgiveness for loans - its always paid by someone. This is, in essence, transferring the debt from people who graduated college to people who - on average - did not go to college. The most regressive invisible tax hike we have ever had but sure. . . yay.

Plenty of people have student loan debt and never graduated college.