Sources said President Biden’s intended measure will include at least $10,000 in loan forgiveness for borrowers who make less than $125,000 annually, as well as another payment freeze for roughly four months.
Thank God this is means tested! I was worried it might be popular.
At least the means testing isn't absurdly low like 90% of the means testing normally done on shit like this. That's of course assuming they'll add more on to the actual plan which they probably will.
I'll believe it when I get a statement saying my loan was discharged, until then its just horseshit mongering n lies.
Broken-ass country
Eagerly awaiting the "all nukes shoot off at once automatically on X date" loophole in a random bill that requires a biannual vote to kick nuclear holocaust down the road for half a year.
Hey 10k would wipe out my student loans and actually be really helpful.
Oh wait, my loans didn't qualify for the pause so I guess they won't qualify for this either.
Nope! Federal loans for going to a state college. They just don't count because Reasons I guess.
wait what, what do you mean it didn’t qualify? I’ve got fed loans and also went to a state college and I’ve had my loans deferred
https://studentaid.gov/announcements-events/covid-19/payment-pause-zero-interest
Seems I've already paid my direct loans, and my FFEL/Perkins loans aren't held by the ED. Funny how nobody bothered to explain that to my 18-year old ass when I was figuring out how to pay for college.
Never take money from private lenders. As paradoxical and purposefully evil this system is, the fed ED is the only loan issuer you should be borrowing from.
I once borrowed $5k from a big private bank and holy shit paying just the interest rate on that was brutal
also i better be getting the rest of that fucking money, cause i owe less than $10K
I am so prepared for that 10k in forgiveness to have roughly 800 conditions that must be met
roughly 800 conditions
That seems optimistic.
Tomorrow I will announce that, as president, I'll establish a student loan debt forgiveness program provided that 800 conditions are met for individuals who started a business that operated for three years in disadvantaged communities...
Yesterday, I announced that, as president, I'll establish a net neutrality program for WNBA fans who open a telecom that operates for 14 months in an excavation site.
Yesterday, I announced that, as president, I'll establish an equal pay program for conspiracy theorists who open a daycare that operates for 7 months in the Congressional cafeteria.
Lmao
Yesterday, I announced that, as president, I'll establish an opioid reduction program for Tea Party voters who open a pool hall that operates for 10 years in a college town.
how does it never miss
Yesterday, I announced that, as president, I'll establish a Head Start program for Muslims who open a donut shop that operates for 7 years in the CIA parking lot.
Seems about right
Edit: Okay this one made me laugh
Yesterday, I announced that, as president, I'll establish a medication cost reduction program for women of color who open a Nike store that operates for 10 days in communities of color.
Yesterday, I announced that, as president, I'll establish a free weed lmao program for Hindus who open a mini golf that operates for 11 weeks in a reservation.
:kelly: Honey-pot.
Yesterday, I announced that, as president, I'll establish a priority airline boarding program for healthcare workers who open a concierge that operates for 19 months in a refugee camp.
Media investigates possible Biden announcement of plan to think about forming a committee to research the feasibility of eliminating up to $10,000 in debt
A new C Z A R is appointed to chair the committee to oversee the oversight of the committee of appointing new C Z A Rs.
So the Democrat strategy for the midterms is the Dril dial and audience bit. :dril:
How the government seems to do everything nowadays. Legal decisions, etc..
Turning a big dial that says “performative populism” on it and constantly looking back at the audience for approval like a contestant on The Price Is Right
Amateurs.
The real expert plays for the other team. :thicc-trump:
aw man i dont have student loans congrats if you do though
I’m not paying back my loans anyways and you shouldn’t either. We really should have a debt strike. Not just for college grads, but anyone also with medical debt, CC debt, etc.
Because this will be easy to get and won't involve multiple all-day visits to an understaffed, underfunded, and overbooked government office with a broken phone system, right? :padme1:
... Because this will be easy to get and won't involve multiple all-day visits to an understaffed, underfunded, and overbooked government office with a broken phone system, right? :padme2:
Ha you think they're going to have people handling this? You're gonna be submitting .jpegs of your past ten tax returns onto a website from 1999 running on servers from 1975.
You're optimistic that the servers will be running.
Where I am, entire government offices simply can't accept phone calls, at any time, no matter what business hours are posted on their quaint and dysfunctional websites, which tell you to call the number that doesn't work unless the FAQ is all you need. :biden-alert:
My first thought was that they employed a 1000 accountants to determine the amount to forgive that would most sway the electorate AND be quickly recouped by accruing interest as people struggle to pay the minimum monthly anyway.
