Do you have some more information about this? With links? I'd like something to throw at the few yanks I know the next time they start shilling for this cadaver
Here's two excerpts from the follow article that make for interesting dinner conversations:
https://theintercept.com/2020/01/07/joe-biden-student-loans/
"In 1978, Biden supported the Middle Income Student Assistance Act, which eliminated income restrictions on federal loans to expand eligibility to all students. Biden helped write a separate bill that year blocking students from seeking bankruptcy protections on those loans after graduation. (The income restrictions on federal loans were reinstated in 1981.) Then he went on to vote to create the Parent Loan for Undergraduate Students, or PLUS, program in 1980 and the Auxiliary Loans to Assist Students, or ALAS, program in 1981, which extended loan eligibility to students with no parental financial support."
" One of the most significant changes in the Higher Education reauthorization was a provision that prevented students in default under the Guaranteed Student Loan program from receiving new federal assistance. It also imposed new regulations that “helped fuel the development of lending-industry giants like Sallie Mae by creating barriers to entry to smaller, newer companies wanting to enter the field,” the think tank Education Sector wrote in a 2007 report.
“Loosened loan eligibility requirements, together with two new federal loan programs, increased student borrowing from $1.8 billion in 1977 to $12 billion in 1989,” the report said, referring to the Middle Income Student Assistance Act, and the PLUS and ALAS programs."
Thanks! Although the wording of those laws seems deliberately weasely to pretend it was an attempt to broaden education availability
Unfortunately the only other option doesn't want to get rid of em either.
Good thing I didn't go to college. Of course I will be priced out of living in about two years.
Oh boy do I have news for you! Stick around this instance of Lemmy and you might discover options beyond "blue team" or "red team."
I do have to wonder about the terminology. "Forgiveness". As if you have wronged the society in some fashion and are now being "forgiven". But what exactly did you do, besides trying to survive?
Student debt discharging? Student debt liberation? Student debt emancipation?
David Graeber wrote an incredible book called Debt: The First 5000 Years which is sometimes referred to around Hexbear as "the debt book" or "graeber's debt book". it's an incredible read and one of the central themes is the language of debt and its connection to moral religious language (and historical association with religious institutions).
in short, the language we use to talk about debt contributes to our general moral confusion around who are the victims and who are the bad actors.
Nah, the asteroid just has to mainly take out the Washington DC area really. Not even an entire state. With ensuing chaos the last thing you will ever have to worry about, in your lifetime, is student depts.
Now saying that, a lot of innocent people live there and it would be an absolute tragedy if an asteroid were to hit that area. I'm just stating, destruction of the earth, even a major portion of the US landmass, wouldn't even be necessary.... lol
always has been
