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Apply for student loan debt forgiveness

studentaid.gov

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Re: Apply for student loan debt forgiveness

#101

Post by arthurcolle »

leeroyjenkins11 wrote: post #99
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 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.

Are you equally upset at fossil fuel subsidies, bank bailouts, and white collar welfare? Or just against debt forgiveness for the middle class?

Re: Apply for student loan debt forgiveness

#102

Post by vital_beach »

clairity wrote: post #96
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.

i agree. i agree. i agree.

i also know that the interested parties already have my info and that i would like the 20k writedown. it really does suck

Re: Apply for student loan debt forgiveness

#103

Post by YeBanKo »

arthurcolle wrote: post #101
leeroyjenkins11 wrote: post #99

Earlier quoted context omitted.

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.

Are you equally upset at fossil fuel subsidies, bank bailouts, and white collar welfare? Or just against debt forgiveness for the middle class?

> Or just against debt forgiveness for the middle class?

How about the gov gives 10k to everyone in the middle class and below?

Re: Apply for student loan debt forgiveness

#104

Post by inferiorhuman »

sigzero wrote: post #43
krapp wrote: post #30

Earlier quoted context omitted.

> Blanket forgiveness would encourage bad actors from offering useless degrees at high cost imo Do you think that isn't already happening?

Sure, but now we are subsidizing it.

Subsidizing tuition is nothing new, loans and grants have been around for decades and yeah those (especially the private loans) drove up tuition mercilessly. Neither side should be ignored here – just because there are structural problems does not mean that we should shy away from lifting the sceptre of debt. We need to address both problems.

Re: Apply for student loan debt forgiveness

#105

Post by jjeaff »

rayiner wrote: post #92
sergiomattei wrote: post #72

Earlier quoted context omitted.

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.

This is a small amount of student loan forgiveness for people making less than $125k. Hardly the bourgeoisie.

Re: Apply for student loan debt forgiveness

#106

Post by xyzzy123 »

throwawaywu wrote: post #59
robbiet480 wrote: post #14

Earlier quoted context omitted.

And yet we forgave PPP loans which was $742 billion forgiven vs $400 billion for student loan forgiveness. This is, in essence, transferring the debt from people who own businesses to people who - on average - do not own businesses. The _actual_ most regressive invisible tax hike we have ever had but sure. . . yay.

I got 87k in PPP loans. It was forgiven, but it all went to my employees. That's a good thing.

> It was forgiven, but it all went to my employees.

Isn't getting their labour for free (well, paid for by the taxpayer) pretty much the same as company owners just being handed that 87k? It's money the company didn't have to spend on wages. Were your employees not able to work? (Not intended as criticism - more of an observation. I don't know the real situation etc).

Re: Apply for student loan debt forgiveness

#107

Post by arthurcolle »

YeBanKo wrote: post #103
arthurcolle wrote: post #101

Earlier quoted context omitted.

Are you equally upset at fossil fuel subsidies, bank bailouts, and white collar welfare? Or just against debt forgiveness for the middle class?

> Or just against debt forgiveness for the middle class? How about the gov gives 10k to everyone in the middle class and below?

They have been rolling out in stages from what I have gathered. I haven't really explored it too deeply because I was waiting for the overall framework to be made precise. Initially it was just some specific groups of people, and then they have been expanding it in stages. 6 months ago, another group of people (mostly focused on victims of for-profit college scams) received similar debt forgiveness and some sort of compensation I think (might be wrong).

Some cynics are saying this has been strategically planned for the midterm elections coming up but this has been planned for a long time and honestly, its pretty cool to see something that was a talking point that actually affected me as a citizen that seemed to crystallize before and during Biden's campaign and actually come to pass in the near-future.

Re: Apply for student loan debt forgiveness

#108

Post by nautilius »

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.

We all know that the number of AR-15 your credit card company lets you buy is the only proper way to count ‘freedom points’ (TM).

Crippling debt from education so that you have some shot at a career, or a health insurance system that has successfully abolished any market mechanisms and effectively ties you to your employers certainly don’t contribute to any ‘mass control’ whatsoever.

Re: Apply for student loan debt forgiveness

#109

Post by rcoveson »

braingenious wrote: post #84
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…

As a hypothetical, you’re arguing that society should have more sympathy for your wife’s family than GP’s partner’s family? How exactly are we supposed to litigate a “wife’s family vs other wife/husband’s family” debate in these terms? Did the people working low-wage jobs spend time on food stamps? Section 8? Subsidized phone service? If the answer is no, do you think that people working low-income jobs do not, on av…

> As a hypothetical, you’re arguing that society should have more sympathy for your wife’s family than GP’s partner’s family?

No, I'm arguing that taking away from the general public to provide for a subset of people requires that the subset boundaries be well justified. Good examples are "people who are poor", and "people who are sick". A bad example would be "people who owe money on their house in 2022". Do those people benefit from debt forgiveness? Of course! And I'm sure they'd be very grateful for it. Meanwhile, people who decided to rent in 2022 or pay their house off in 2021 are footing the bill, for no discernible reason.

> How exactly are we supposed to litigate a “wife’s family vs other wife/husband’s family” debate in these terms? Did the people working low-wage jobs spend time on food stamps? Section 8? Subsidized phone service?

Those are just benefits for poor people. Those are good, and though some of them could stand to be "ramped" better, they're generally the right idea. Again, the problem is selecting a highly arbitrary subset of people while excluding their peers who differ only in the decisions they made (to take out a loan or not, to pay off a loan quickly or not). The boundaries don't even bother selecting for people in real need. 125k/250k household income? Contemplate those numbers for a minute. So you went to college and you have a world-class job in the 90th percentile of the USA and you're getting money from the government to give you that boost you need so you can, what, remodel your home theater a year sooner than you planned?

> If the answer is no, do you think that people working low-income jobs do not, on average, take advantage of public money in any way?

People with no degrees driving our food to us and our garbage away can take public money, yes. Being against any form of wealth redistribution is light-years away from being against this one particular redistribution.

Re: Apply for student loan debt forgiveness

#110

Post by rcoveson »

semicolon_storm wrote: post #68
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…

With that logic, nobody can ever be helped because it’s unfair to those who aren’t being helped at the moment.

With that logic, any program to redistribute any money from any group to any other group is fine. Somebody is being helped; it's okay if not everybody is being helped in the same moment, right?
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