That's the only reason :biden-troll: would even talk about this
median student debt is 17K so it would be a big deal for most. I've got 20k myself.
rad, then in two years we're right back where we started except they'll bitch and moan that it happened in the first place and any sort of conversation towards total debt relief is gone forever
How does 10K debt gone mean we'd be right back where we started in 2 years?
Presumably because more new students will be taking on debt and those who had much more than $10k outstanding during the cancellation will still have years of payments ahead of them. "Right back where we started" is hyperbolic, but unless something is done about the amount of debt students are taking on to go to school in the first place, cancellation will only be a temporary fix. Still not an excuse not to do it though
also like, as we've seen from the pandemic relief, if workers get any handout it's a once in a generation thing that will be the excuse for extreme austerity. If it isn't all the student debt, you can assume they'll jack up rates to high heaven and when compounded with skyrocketing education costs, "right back where we started from" probably isn't strong enough
So for those in the graduate or medical fields it means we get even more fucked...lovely. I hate this fucking country...
If it's universally applied. If it's means tested by income it won't be enough.
The hilarious part is it won't change shit about the midterms because almost everybody with student debt will still be paying their debt.
Like it's just hard to psychically connect with the fact that you'll be able to stop paying down your loans in 3 years instead of 4. You won't know how good it feels to stop for 3 years, and then only maybe will you connect it to a thing Biden did and connect that you would still be paying them down that year instead of finally putting money in your savings.
they're trying to crash wages at the expense of the economy, 3 years could turn into 10 for a lot of people real quick
It would still make all the rich fucks and chuds shit their pants upon hearing it, calling people ungrateful for their $190,000 loans restarting instead of their $200,000 loan restarting
calling people ungrateful for their $190,000 loans restarting instead of their $200,000 loan restarting
If the median Student loan is 17k, how can some people have 200k loan. Isn't median, the middle value of all possible amounts?
I think it may be only including federal loans because that's all they can forgive.
Median is when half the people have less, half the people have more, but it could be way more
Because of inflation, this is like only canceling $8,000 in 2021 when biden first became president. Cooool
So he owes you all two more grand on top of the two grand he already owes you, got it.
Oh I've got one I made too. We should both submit them lol
Source for this? My ass is sitting at just under 10k so this would be pretty big for me
Maybe this: www.forbes.com/sites/zackfriedman/2022/03/24/biden-could-cancel-10000-of-student-loans-for-these-borrowers
It's not official yet, but the pitch is 100% tied with restarting payments, it's means tested, and the idea is from the student loan companies lmao
If that's true, it's gonna be cool cutting these dudes heads off.
:gui-better: :whywhywhywhywhy:
Parody.god we live in such a no fun fucking country where we can't even say 2005 internet shit anymore because we'd get a knock on the fucking door otherwise
these disgusting pig fuck creeps can't even deal with the fact that we don't like them, we have to fucking self censor ourselves or they'll just get the SS. It's not your fault whatsoever, what fucking dogshit country. I really fucking hate this place.
whoa there day old account, drink some cider and take a breather. There are vegan donuts in the corner.
Jesus, Forbes web design is a cognitohazard.
Also peeped that they haven't define the cutoff for "low income" yet.
weather.org’s web design though, oh man I get a boner from the simplicity!
Oooh man. This, plus the money I saved on my 4th of July barbecue last year means I'll be able to afford a one-bedroom apartment in twenty years.
No it’s not. I support shawnees policies
https://www.kctv5.com/2022/04/26/city-shawnee-bans-co-living-rentals/
$10,000 total, I bet. "Promise kept!"
It'll be like the $600 checks all over again.
Could you imagine how cool it would be if they talk themselves down to $5k? And rent just stays at its current price, doesn't even go up (like it probably will).
that would be like a low 30 percent turnout election.
I think he did something like forgiving student debt for chronically disabled people
Honestly was hoping the student debt freeze would be a perpetual hot potato for presidents to ignore and never resume, guess dems really don't give a shit about passing that potato to the GOP and blaming then if they were to ever resume it.
There's just so much fun that they could be having with bs political maneuvers like that, but unfortunately they have to have their heads like a mile up their own asses. It's fully compatible with liberalism and everything but they really want to be the most boring flavor of "everyone coming together" lib for some reason
There is no potato, the GOP would actually benefit from reinstating student loans (their hogs would squeal with delight). The real calculus is how to dangle the carrot so that young brats show up to the midterm, but don't actually do it too much or all the newly Biden-loving seniors will turn their backs.
Suburban middle class people who still have student loan debt 100000% will never, ever, ever vote for a Republican. The Democrats have those votes locked in, no need to appeal to them.
aside from just wiping everyone's out immediately and making all tuition free, you know what would be such an easy sell politically:
credit any payments of interest already made towards principal. effectively, make it so all monies that have been paid at this point are applied to the original borrowed amount. if you've already paid back more than you borrowed, you get a check for the difference.
i don't think it's clear how fucking high student loan interest has been on federal loans and for absolutely no reason because the department of education does not need to be making money.
I doubt this will happen. He's going to use it as bait for the 2022 general election and not follow through. Or if something like it happens, it will be severely means tested.
Fuck you democrats. You’re letting the US go over the brink of no return.
It's like a tree with a hollow, rotting center. The void is practically kissing the bark at this point. Old world is dying, new world struggles to be born, and we're here to watch it all go down. I should be terrified, but I can't be.
Was just telling a friend today that it's like living through the fall of Rome, but instead of it happening over a couple centuries we have social media and the encroaching Climate Wars to speed it up to decades.
Even though everything is getting worse, I still think we are a long way off from the cool zone. This is America we’re talking about here
Absolutely
They realized after months of stalling and delaying, letting er rip is too damaging so they'll likely do this simultaneously
Politically, at least. Owing $10k less is unambiguously good for workers.
