Student loan tears

42,330 Views | 300 Replies | Last: 7 mo ago by AGC
Jack Squat 83
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rgag12 said:

Get a load of this gem




So this lily white liberal wants the poor woman who scrubs her nasty toilets to pay her college loans so she could get a law degree. The lawn AND pool guy are expected to chip in too. Nice.
I don't think you know me.
Greener Acres
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_mpaul said:

Greener Acres said:

These tweets are funny, but I encourage everybody to read Gorsuch's opinion. He's a clever and concise writer. The conservatives have always pulled responsible adults into the fold, or people who finally become responsible, through well measured and rationale policies. The dreamy, utopian world view of young progressives eventually clashes with reality and that's were conservative policies shine.

Read the opinion (Here), so you can rebut these people with sound critiques. Gorsuch lays out the hypocrisy in Sotomayer's dissent and explains how she argues against her own point. Memes may win the day, but well-reasoned argument wins the war.
Unfortunately, we're at the point where reason doesn't matter anymore. They call conservatives "close minded, but the left has moved to a position of framing the argument so that it can't be won with persuasion and changing the meaning of language so they can't lose. For example,
Quote:

Leftist: The US is systemically racist.
Me: Not it's not, because [gives reasoned position.]
Leftist: The fact that you can't see how systemically racist this US means you're racist, and I can disregard your arguments.
That's essentially woke ideology in a nut-shell. It has nothing to do with well-reasoned argument.

I understand that sentiment but consistent, strong reasoned support for our principles can win out in the long run. Like kids - just because they cannot comprehend all that they need to know at certain phases of life doesn't mean we back down from our consistent messaging. Then when they mature, those messages and truths ring through.
BonfireNerd04
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FreedomToons made an excellent "Debunkers" video about this issue.

BenFiasco14
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The fix is getting rid of government backed student loans that can't be discharged in BK. Why is it that we give tens of thousands of dollars to clueless 17 and 18 year olds, yet when it comes to a mortgage or business loan, banks (rightfully so) examine your financial history to determine if you can actually pay it back.

This will never happen though, because if banks gave out student loans based on merit, all those sweet kickbacks to the useless degree departments would disappear and all the clueless academics whos life work is pushing leftist causes could no longer support their overhead. It's all a scam. Designed to indoctrinate kids and make them slaves to the state. Why do you think so many millennials and after love socialism so much? It wasn't an accident.

Expect this to only get worse.
CNN is an enemy of the state and should be treated as such.
Logos Stick
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_mpaul said:

Greener Acres said:

These tweets are funny, but I encourage everybody to read Gorsuch's opinion. He's a clever and concise writer. The conservatives have always pulled responsible adults into the fold, or people who finally become responsible, through well measured and rationale policies. The dreamy, utopian world view of young progressives eventually clashes with reality and that's were conservative policies shine.

Read the opinion (Here), so you can rebut these people with sound critiques. Gorsuch lays out the hypocrisy in Sotomayer's dissent and explains how she argues against her own point. Memes may win the day, but well-reasoned argument wins the war.
Unfortunately, we're at the point where reason doesn't matter anymore. They call conservatives "close minded, but the left has moved to a position of framing the argument so that it can't be won with persuasion and changing the meaning of language so they can't lose. For example,
Quote:

Leftist: The US is systemically racist.
Me: Not it's not, because [gives reasoned position.]
Leftist: The fact that you can't see how systemically racist this US means you're racist, and I can disregard your arguments.
That's essentially woke ideology in a nut-shell. It has nothing to do with well-reasoned argument.



Nailed it.
Shoefly!
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Stat Monitor Repairman said:

Quote:

Finally got rid of her, sold both houses (I had to pay a buyer $10k under the table to meet my ex-wife's ridiculous asking price),
Jesus christ. Godspeed to you on that brother.

There's more than one way to skin a cat!
We fixed the keg
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GeorgiAg said:


No, 6 people in robes prevented you from stealing $20,000 from them to pay for your poor decision.
Old Sarge
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Jack Squat 83 said:

rgag12 said:

Get a load of this gem




So this lily white liberal wants the poor woman who scrubs her nasty toilets to pay her college loans so she could get a law degree. The lawn AND pool guy are expected to chip in too. Nice.


Student loan forgiveness IS Government sanctionedRacism at its core. The Black/Brown man that never could financially, or by choice, paying for mostly WT college education with their tax dollars.

Student Loan Forgiveness= Racism, brought to you by the original racists, and the same racists of today, the DemocRat Party.
"Green" is the new RED.
Fdsa
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Correct me if I'm wrong - the student loan forgiveness helped with a max of $20k of debt if you used a Pell grant. Why are people that have $100k in debt losing their minds over this like their lives have suddenly been ruined. They were in a bad spot either way and maybe should have picked a different major.

Edit: after doing some digging it appears all of the tears are over the stop in the payment pause.
LMCane
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Zarathustra said:


Student loan forgiveness needs to be framed
focusing on the Universities, instead of the students.

Everyone needs to be asking - why in the age of digital information does the price for an education at a University keep getting more expensive? We need to direct the anger of the students at the universities where it belongs.

Edit: And why are universities charging so much for a product that has very little return value?




LOL Why are universities charging so much?!?

because they can?!?

ever since Obama and the lefties realized they can knock out the private banks and create a cradle to grave dependence for millenials by having the US GOVERNMENT take over student loans

of course the universities are going to keep raising costs! why wouldn't they when there is no competition and literally free money from the US taxpayer

bonus is that leftists then get to cancel the student debt burden and throw it again on the backs of the few workers and income producers!

win win win for the left.
Ag with kids
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Aggrad08 said:

Logos Stick said:

Aggrad08 said:

Logos Stick said:

Aggrad08 said:

Regardless of your views on student loan forgiveness the Supreme court set a bad precedent here on standing. There was no standing for missouri.

Kagan summed it up;"Is there a person in America who thinks Missouri is here because it is worried about MOHELA's loss of loan-servicing fees? I would like to meet them."

It is established that MOHELA has standing and the other 6 states do not. Except that MOHELA didn't sue nor want to be part of this suit.

The Student Loan Case's Unwilling Participant - The American Prospect

You should not be able to sue on behalf of another entity, it's an absurd concept.

and no I don't care about the loans, Everyone I know and myself wouldn't qualify due to income anyway.


Disagree. The states are comprised of taxpayers. Every taxpayer in this country has standing.


Except that nonsense. And even the conservatives agreed that 6 states don't have standing.

But no, you do not have standing to sue the federal government for everything it does you don't like just because you pay taxes. that's not a workable system.

Quote:


Tired of this new left wing nonsense that the Federal government can do whatever the **** it wants and no one has standing, just like with the open border we have now. States dint have standing in that per the court even though every illegal resides in a damn state.

yes, states didn't have standing there. There is a mechanism by which the populace can exert power in these instances. Suing the government for everything you don't like isn't it. This is the court going beyond it's bounds on extremely thin justification.

Standing is essential.



Stop with the strawman arguments.

This is not suing because citizens don't like something. This is not like suing because the Congress spends taxpayer money on something we don't like. The citizens are having to bear the burden of this unlawful action and are harmed by it, presto standing.

Thank God we have conservative justices who understand the concept of standing, unlike you and Kagan.

The conservatives reject your notion that citizens have standing here. They stated that MOEHLA has standing, and the state sued on their behalf. They conservatives said missouri doesn't have standing on it's own. So your entire argument is both false and rejected by the conservative wing of the court. Also, MOEHLA claimed no harm and explicitly wanted no part in the suit.
The owner of MOHELA disagrees that there was no harm...
Gilligan
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In March of 2010 Obama and the federal government took over Sallie Mae student loans.

Unintended consequences!

Nothing the guberment touches goes well.
v1rotate92
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I pray the snowflakes are so angry that they take to the streets and arm themselves. Get it over with
Logos Stick
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Aggrad08 said:

Logos Stick said:

Aggrad08 said:

Logos Stick said:

Aggrad08 said:

Regardless of your views on student loan forgiveness the Supreme court set a bad precedent here on standing. There was no standing for missouri.

Kagan summed it up;"Is there a person in America who thinks Missouri is here because it is worried about MOHELA's loss of loan-servicing fees? I would like to meet them."

It is established that MOHELA has standing and the other 6 states do not. Except that MOHELA didn't sue nor want to be part of this suit.

The Student Loan Case's Unwilling Participant - The American Prospect

You should not be able to sue on behalf of another entity, it's an absurd concept.

and no I don't care about the loans, Everyone I know and myself wouldn't qualify due to income anyway.


Disagree. The states are comprised of taxpayers. Every taxpayer in this country has standing.


Except that nonsense. And even the conservatives agreed that 6 states don't have standing.

But no, you do not have standing to sue the federal government for everything it does you don't like just because you pay taxes. that's not a workable system.

Quote:


Tired of this new left wing nonsense that the Federal government can do whatever the **** it wants and no one has standing, just like with the open border we have now. States dint have standing in that per the court even though every illegal resides in a damn state.

yes, states didn't have standing there. There is a mechanism by which the populace can exert power in these instances. Suing the government for everything you don't like isn't it. This is the court going beyond it's bounds on extremely thin justification.

Standing is essential.



Stop with the strawman arguments.

This is not suing because citizens don't like something. This is not like suing because the Congress spends taxpayer money on something we don't like. The citizens are having to bear the burden of this unlawful action and are harmed by it, presto standing.

Thank God we have conservative justices who understand the concept of standing, unlike you and Kagan.

The conservatives reject your notion that citizens have standing here. They stated that MOEHLA has standing, and the state sued on their behalf. They conservatives said missouri doesn't have standing on it's own. So your entire argument is both false and rejected by the conservative wing of the court. Also, MOEHLA claimed no harm and explicitly wanted no part in the suit.


The conservatives didn't even consider state standing in this case. Once they agreed that the state of MO had standing, they did not consider anything beyond that. That was sufficient to move forward.

The states absolutely have standing. If the forgiveness were done and it forced the banks to take the loss, the banks would have standing. If the universities were forced to take the loss, they would have standing. Instead , the taxpayers are forced to bear the burden of this loss. The executive branch doesn't have the power to tax, which is essentially what it is doing, since the only way to pay for this new obligation is via taxation.
MaxPower
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Yeah that's what is lost in all this. Student loan forgiveness was not taken away. If Congress wants to pass it into law and fund it then that's your path. These knuckle dragging lefties don't comprehend this ruling upholds limiting the power of the president, which they will be quite happy about when deathsantis is in office after their loser gets the boot.
ChemAg15
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The amount of reeeee I'm seeing about PPP loans is hilarious. These liberal arts majors cant grasp that Congress passing legislation to pass out forgivable loans to businesses after forcing them to close is not the same situation as the executive branch forgiving debts of individuals that chose to take out loans that they know they would have to pay back.
BenFiasco14
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Alright. Here are my thoughts. These loans cannot be forgiven because they were built on a corrupt system.

Why is it that when we buy a house, or ask for a business loan, the bank examines your entire financial history to see if you can back it back, yet

Government backed college loan are handed out to clueless 17 and 18 year olds with basically no inquiry at all?

I'll tell you why. These sweet sweet gov backed student loans provide the kickbacks and money to support overhead for useless academics who just write about how bad whitey is. Without these sweet kickbacks, all these useless departments would fail unless they pulled their weight.

So now digest all that and let's examine people ever since gov took control of student loans. Oh wow, it's almost like they intentionally planned this to indoctrinate people even more at college, and got to charge insanely high fees to enrich themselves, on the governments dime since it backs the loans.

Do you get it now? This was all planned and intentional. The left has its stupid army now. See Nashville shooter. See Dallas sniper. Suicide bombs are coming.
CNN is an enemy of the state and should be treated as such.
Ghost of Andrew Eaton
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If you take on a debt, you should pay it back.

Also, no need to revel in someone else's struggles.
Fightin_Aggie
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Gilligan said:

In March of 2010 Obama and the federal government took over Sallie Mae student loans.

Unintended consequences!

Nothing the guberment touches goes well.
These were not unintended consequences

They put it as part of Obamacare
The world needs mean tweets

My Pronouns Ultra and MAGA

Trump 2024
Fightin_Aggie
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Ghost of Andrew Eaton said:

If you take on a debt, you should pay it back.

Also, no need to revel in someone else's struggles.
Wanting others to pay for what you bought is not a struggle

It's called theft
The world needs mean tweets

My Pronouns Ultra and MAGA

Trump 2024
Ghost of Andrew Eaton
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Fightin_Aggie said:

Ghost of Andrew Eaton said:

If you take on a debt, you should pay it back.

Also, no need to revel in someone else's struggles.
Wanting others to pay for what you bought is not a struggle

It's called theft


Wanting is not theft. It's envy. And not all people who took on debt want others to pay off their debt.
oysterbayAG
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Hopefully, these complaints about having such high student loan debts will be an object lesson for High School graduates to be careful to shop around to find a college with the best bang for the buck, making sure you major in something that will give you skills needed in the marketplace, or bypass college and learn a trade. It would seem to be good common sense for the State & Federal Govt along with industries to support and expand Trade High Schools.
APHIS AG
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Street Fighter said:

GeorgiAg said:

OMG, this has to be the most dramatic. ShE wOn'T GeT mArRied nOw!!!!






Men everywhere rejoice! Another disaster averted.
So true. Today's "modern" women do not make good wives.
hph6203
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Seems more like an argument for discharging debt under a Republican president and shouting from the rooftops that the other guys clearly took advantage of them by suggesting you needed an education in understanding or feeling sorry for people instead of just life experience. I'll pay you 60,000 to understand how bad it is to be poor rather than volunteering to see it first hand for free.


University degrees have become an enrichment method for ****head people and I'd really prefer exposing the absurdity of it and make them broke and unemployed and if the process for doing that is dissolving the debt we as a nation have acquired as a loan shark I'm all for it. Expose these people for being crooks. The proportion of degrees that contain the same value and information as perusing Wikipedia is out of control.


The framing of student loan debt dissolution should be you got hoodwinked by these people, rather than the way it's currently being portrayed that it's an avenue to success. Success is achieved by working hard.
BenFiasco14
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hph6203 said:

Seems more like an argument for discharging debt under a Republican president and shouting from the rooftops that the other guys clearly took advantage of them by suggesting you needed an education in understanding or feeling sorry for people instead of just life experience. I'll pay you 60,000 to understand how bad it is to be poor rather than volunteering to see it first hand for free.


University degrees have become an enrichment method for ****head people and I'd really prefer exposing the absurdity of it and make them broke and unemployed and if the process for doing that is dissolving the debt we as a nation have acquired as a loan shark I'm all for it. Expose these people for being crooks. The proportion of degrees that contain the same value and information as perusing Wikipedia is out of control.


The framing of student loan debt dissolution should be you got hoodwinked by these people, rather than the way it's currently being portrayed that it's an avenue to success. Success is achieved by working hard.


There can be no "forgiveness" without a complete fix of the system. "Forgiving" student loans now with no reform is the equivalent of Reagan's amnesty.

And the scam won't be fixed because too many people rely on those sweet kickbacks. See most of the liberal arts departments.
CNN is an enemy of the state and should be treated as such.
Ghost of Andrew Eaton
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Forgiving the loans only treats the symptoms. Universities have lost their damn minds and have forgotten their job.
hph6203
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Yes. I don't think it should be a blanket washing of debt without bending the universities over backwards?

You make student loans dissolvable through bankruptcy. It's absurd they aren't.

You make the value of the degrees transparent. It is absurd that 17 year olds are sold a fantasy of what "a" college degree is rather than "the" college degree they're getting. Kids are stupid. There are more warnings through debt acquisition for buying a hard asset like a house than there are for a soft asset like an education.

Own the opportunity. Make the universities look like crooks in the process. End the indoctrination by limiting their consumer base by exposing the lack of value that many, if not most, university students are getting from their 10's of thousands.
Bobaloo
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Building wealth is easy. Just take three steps: 1) Avoid debt like the bubonic plague; 2) Live under your means; 3) Invest in appreciating assets. Coming out of college with five or six figure debt is a terrifying prospect. The United States assumption of the student loan process is one of the worst public policy decisions of my lifetime. It exploited young folks who don't have a clue about money to prop up the professorial class. "Where liberalism flourishes, misery follows." - Rush Limbaugh
Old Sarge
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Fightin_Aggie said:

Ghost of Andrew Eaton said:

If you take on a debt, you should pay it back.

Also, no need to revel in someone else's struggles.
Wanting others to pay for what you bought is not a struggle

It's called theft


Does struggling to pull it off count? Cause there's that.
"Green" is the new RED.
fixer
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Awful week to be a leftist.

SCOTUS just pushed cherished sacred cows into the garbage disposal.



YouBet
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A few details from Biden's latest plan: https://www.wsj.com/articles/student-borrowers-after-three-year-reprieve-must-now-pay-be6ddb2d

Quote:

Expanding income-driven repayment plans is the administration's main strategy for preventing loan balances from ballooning in the future, and while their new terms got less attention than mass debt cancellation, they could cost far more over time than a one-time cancellation plan would, according to estimates by the Penn Wharton Budget Model.

IDR plans were designed to help lower earners borrow for college, but in their current form, few have been able to use them effectively because of technical problems and onerous amounts of income-verification paperwork.

The administration's proposed changes would provide qualifying borrowers with more-generous options that could leave them debt-free sooner, while paying off only a fraction of their balances. The plan, which the Education Department finalized on Friday, will cut payments to zero for borrowers making $32,800 or less a year. The department estimated it will save all other borrowers at least $1,000 a year.


Quote:

The Biden administration is taking steps to help borrowers with the transition. For one year, beginning on Oct. 1, borrowers who miss payments won't be referred to collections agencies, reported to credit bureaus or put in default, according to the White House.


ChemAg15
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Sounds like they're trying to prop up the house of cards a little bit longer. So many people are going to start defaulting on their debts once they have to start making student loan payments again. This might delay that a year.
Ag with kids
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YouBet said:

A few details from Biden's latest plan: https://www.wsj.com/articles/student-borrowers-after-three-year-reprieve-must-now-pay-be6ddb2d

Quote:

Expanding income-driven repayment plans is the administration's main strategy for preventing loan balances from ballooning in the future, and while their new terms got less attention than mass debt cancellation, they could cost far more over time than a one-time cancellation plan would, according to estimates by the Penn Wharton Budget Model.

IDR plans were designed to help lower earners borrow for college, but in their current form, few have been able to use them effectively because of technical problems and onerous amounts of income-verification paperwork.

The administration's proposed changes would provide qualifying borrowers with more-generous options that could leave them debt-free sooner, while paying off only a fraction of their balances. The plan, which the Education Department finalized on Friday, will cut payments to zero for borrowers making $32,800 or less a year. The department estimated it will save all other borrowers at least $1,000 a year.


Quote:

The Biden administration is taking steps to help borrowers with the transition. For one year, beginning on Oct. 1, borrowers who miss payments won't be referred to collections agencies, reported to credit bureaus or put in default, according to the White House.



That last one is sneaky. They're not going to tell people that the interest that has NOT been accruing is going to start again and start racking up that year...
Stat Monitor Repairman
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All this is a poison pill. I cant stress that enough.
Stat Monitor Repairman
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10-days until 43-million Americans must find room in their budget to resume student loan payments that have been in abatement for 3.5 years.

We are about to see the biggest economic poison pill of all time.
 
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