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b_m_b_m_b_m

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Posts posted by b_m_b_m_b_m

  1. 95% of pell grant recipients (I.e. those who qualify for the 20k forgiveness) come from families that make less than $60k, and a full 51% come from families who make $20k or less. 
     

    the reason Biden uses his examples and not the bullshit one from Furman is because Bidens are far more likely to happen than the other. Two people both from families in the bottom ~40th percentile (or lower!) for income both getting married and then both getting jobs where their combined income puts them in the top ~7the percentile for household income is very unlikely. 
     

    yeah they should be taxed more, but no matter what the cutoff is there’s going to be bitching about it from privileged economists. If the cutoff was $75k a piece you’d hear the same thing about a married couple making $149k

    • Halal 1
  2. If you won't do SSO then you need to have good (or even just basic) processes to ensure that only users who need to have access to various systems, including regular audits of who access the information.

     

    this stuff isn't hard but it sounds like the bird app is just not concerned about data security, which is insane to me since they make money off of their users data lol

  3. 23 minutes ago, b_m_b_m_b_m said:

    I’m hoping Brandon changes the PUblic service loan forgiveness rules to allow deferments for maternity leave under 12 months to count for that forgiveness. There’s been some update to it but missing some details now. 
     

    cause if so, ALL of my wife’s student debt is gone

    To give another example of how dumb the college financing … everything … is, my wife’s younger sister will be getting the full $20k because she got a pell grant and my wife didn’t. Because between the time my wife was in college and her sister, her parents got divorced. It’s all so stupid

    • True 1
  4. Cooper-Student%20debt%20082422.jpg?cb=a1
    PROSPECT.ORG

    But more reform is needed to attack cost bloat in American higher education.
    Quote

    On balance, this is good news. As Matt Bruenig points out at the People’s Policy Project, canceling $10,000 zeros out the balances of about 31 percent of student loan borrowers, while cutting the balances of a further 21 percent by at least half. Add to that the doubled relief for Pell grant recipients, and the White House estimates that 20 million out of 43 million borrowers will have their full balance extinguished. Such borrowers in turn are more likely to have failed to graduate, or have been ripped off by a for-profit scam college, and thus in most need of help.

    A Penn Wharton analysis found that, with $10,000 in forgiveness and the income cap, about 58 percent of the benefit would accrue to people in the bottom 60 percent of incomes, and another 28 percent for the fourth income quintile. It also found that the income cap saves a piddling $15 billion. However, Bruenig points out that Wharton model is based on the Survey of Consumer Finances, which greatly understates the amount of student debt held by the poorest people. He estimates that the bottom quintile should receive about 20 percent of the benefit, and the bottom three-fifths about 65 percent. The $20,000 for Pell grant recipients (which wasn’t reported until now and thus hasn’t been analyzed yet) will make it even more progressive.

    The bottom 80% of incomes get 86% of the benefit. Once again the poor get screwed!

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