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Apply for student loan debt forgiveness

studentaid.gov

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Re: Apply for student loan debt forgiveness

#91

Post by pb7 »

cableshaft wrote: post #76
rcoveson wrote: post #35

Earlier quoted context omitted.

My wife’s siblings all avoided college to avoid taking on debt that they didn’t think they could pay off. They worked low wage jobs during the years their peers attended university on borrowed money. This blatantly unfair debt forgiveness is nothing but a transparent bid to make friends of a subset of the population perceived as more valuable than the subset of which it will make enemies. Why would you expect other’s…

Do you have this same feeling against Medicare, even though you aren't benefitting from the program directly? Against disability pay? Against food stamps? Against Earned Income Tax Credits? Against Low Income Housing Tax Credits? Homeowner tax rebates? Business tax credits? Half of your property taxes going to schools when you don't have children. Talked to a guy just today paying over $6k a year just for schools but…

>Do you have this same feeling against Medicare, even though you aren't benefitting from the program directly? Against disability pay? Against food stamps? Against Earned Income Tax Credits? Against Low Income Housing Tax Credits? Homeowner tax rebates? Business tax credits? Half of your property taxes going to schools when you don't have children.

All of those things are available to me if I get down on my luck so they make sense. And I don’t have to have children — I was a child once and benefited from public schools. If you didn’t, you had it available to you and your parents chose not to.

How is this the same thing? When might I in my life directly benefit from this loan forgiveness like all of those things you listed?

Re: Apply for student loan debt forgiveness

#92

Post by rayiner »

sergiomattei wrote: post #72
rayiner wrote: post #51

Quoted post unavailable.

Jesus Christ, we’re talking forgiving student debt, not full-blown communism here.

Communism is at least theoretically for the benefit of the working class. This is even worse. Government cheese for the bourgeoise.

Re: Apply for student loan debt forgiveness

#93

Post by arthurcolle »

YeBanKo wrote: post #62
arthurcolle wrote: post #13

Earlier quoted context omitted.

I am probably going to get 10K forgiven. Unshackling people from debt is awesome. Hopefully they figure out how to do this regularly. Sucks if you don't like it! Hopefully I can redirect the money to more fruitful enterprises... like anything else. The massive increase in college tuition is totally out of proportion based on wage growth and honestly it's not healthy for the middle class to be forced into an infinite…

I actually think that education should be free, but with strings attached. The US college cost is growing, administrative overhead is growing, admission process is often not transparent. Once it is fixed and controlled higher ed should be free with a certain level of commitment. For things like medical school, which are ones of the most expensive ones, working for a few years at public hospitals can be a requirement…

I didn't, I was at a liberal arts school, realized an economics BS was basically distilled bullshit, decided to study math and comp sci instead, went to Maryland the next semester (maryland.edu)

My father and mother graciously picked up the tab for my studies and he is 76, and should be given a break from indefinite indentured servitude because its too expensive to send your kids to school. My sister went to VT which was more expensive, but at least my family tried to do what they could for their kids.

Sorry if you don't approve but I will literally send him a check for $10K for being such a champ throughout my life right after getting this debt forgiven because I care more about my family and all the hard work that was done to enable me to sit where I am in life, with the freedoms and happiness that have come with having a highly technical education, which lead to several roles at Goldman Sachs and other very significant and impactful developments in my life.

It's not relevant but I made my parents a big chunk of change last year via trading and it makes me happy that they are getting a break.

Fuck the current system.

To answer your questions:

> Why the latter should be paying for the former?

I pay for current Social Security beneficiaries every 2 weeks, how is this different? I pay into my 401k for future Arthur, but he will be happier in 20 years for my contributions. And honestly? going to college probably makes anyone a little bit less of a dumbass than if they hadn't gone. Is that really that hard to fathom? It is worth it in the aggregate. Why bail out banks as opposed to bailing out humans from contracts creating via guilt and literal academic/skillset "FOMO" ?

> when you got your degree, did you go to a community college first to pick up some credits and transferred to save some costs?

I went to a state school, is that better? How much better would it have been if I did do 2 years at CC before going to Maryland? I think that it is crazy that I'm even answering. The first 2 year curriculum at Maryland is much more challenging than the equivalent ar Montgomery College, so I got more out of whatever the equivalent would have been?

No offense but... yes, I got a ton out of my time at Maryland and I am happy that my outcome was positive. Telling people to spend less if they get debt forgiveness is just silly, the outcomes vis-a-vis what you spend are less relevant than your economic impact after leaving school

P.S. I think I had 17 AP credits transfer over from high school if that makes you feel better. Even cheaper than paying for CC!

I also agree that tertiery education should be free, so glad we agree on that more fundamental point. I am biased on this topic but seriously, its super fucking awesome Biden + administration is following through with this. Even if its just for primaries, this is so great for me and I support this.

Next step, make college affordable for all!

Re: Apply for student loan debt forgiveness

#95

Post by rayiner »

piva00 wrote: post #94
rayiner wrote: post #51

Quoted post unavailable.

Yup, we in most places of Europe live in total bondage due to free education. > When education is not liberating, the dream of the oppressed is to become the oppressor.

In Europe, the middle and upper middle class taxes itself to pay for “free” education.

In the US, families making up to $250,000–which would be in the top tax bracket in nearly every European country—conceive of themselves as proletariat that deserve both rock-bottom taxes that haven’t been increased since Reagan, as well as free stuff from the government, at the same time.

Re: Apply for student loan debt forgiveness

#96

Post by clairity »

vital_beach wrote: post #37

to be very honest, if this is all it takes, it's the easiest gov form i've ever filled out. i'm loving it

too bad it loads 3 trackers and puts all your personal data into salesforce. i think governments shouldn't be allowed to share personal data like this with corporations--e.g., software/servers should have to be on-prem.

Re: Apply for student loan debt forgiveness

#97

Post by jabagonuts »

pb7 wrote: post #85
jabagonuts wrote: post #73

Having not seen the actual law or executive order or whatever legal reference document, one thing that has not been clearly covered by the media or in debates or even the studentaid.gov website is whether or not this law applies only to current federal loan borrowers, or also extends to those under the prescribed income limits who paid off their federal loans years, or even decades ago.

It is definitely not the latter and that’s what makes it unfair. If it was fair, they would cut the same $10K check to everyone that had paid for higher education in the last X years and meets the income criteria.

Are you sure? What’s your source? Even the Biden administration is cryptic on this point. After posting my original comment, I’ve been doing additional research.

https://www.whitehouse.gov/briefing-room/statements-releases...

Re: Apply for student loan debt forgiveness

#98

Post by jabagonuts »

OrangeMonkey wrote: post #86
jabagonuts wrote: post #73

Having not seen the actual law or executive order or whatever legal reference document, one thing that has not been clearly covered by the media or in debates or even the studentaid.gov website is whether or not this law applies only to current federal loan borrowers, or also extends to those under the prescribed income limits who paid off their federal loans years, or even decades ago.

Or, alternatively, if this is actually legal. Congress holds the powers of the purse and this is an executive order by a president a few weeks away from midterm elections. This is going to be litigated.

My comment is not concerned with legality - I’ll leave that to congress and the courts. I’m merely pointing out the obfuscation of eligibility requirements.

Re: Apply for student loan debt forgiveness

#99

Post by leeroyjenkins11 »

arthurcolle wrote: post #13
YeBanKo wrote: post #5

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

I am probably going to get 10K forgiven. Unshackling people from debt is awesome. Hopefully they figure out how to do this regularly. Sucks if you don't like it! Hopefully I can redirect the money to more fruitful enterprises... like anything else. The massive increase in college tuition is totally out of proportion based on wage growth and honestly it's not healthy for the middle class to be forced into an infinite…

I worked my way through and commuted, didn't go to a nice school, 2 years of CC and graduated debt free. Now I'm expected to pay for your debt because you were dumb and got an expensive degree that wasn't worth it? Piss off, I could have had a semester abroad or two, but instead I spent my summers working at Walmart and working construction.

Re: Apply for student loan debt forgiveness

#100

Post by pb7 »

jabagonuts wrote: post #97
pb7 wrote: post #85

Earlier quoted context omitted.

It is definitely not the latter and that’s what makes it unfair. If it was fair, they would cut the same $10K check to everyone that had paid for higher education in the last X years and meets the income criteria.

Are you sure? What’s your source? Even the Biden administration is cryptic on this point. After posting my original comment, I’ve been doing additional research. https://www.whitehouse.gov/briefing-room/statements-releases...

Thanks for the link. I don’t read the news so it’s the first time I’m seeing it. I didn’t see anything in there that alluded to people not currently in debt getting anything which matches what I had read in the past when this policy first surfaced.
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