Jason Posted August 23, 2022 Share Posted August 23, 2022 lolol White House leaning toward canceling $10,000 in student loan debt for borrowers who make less than $125,000 WWW.CNN.COM White House officials have been weighing -- and leaning toward -- the cancellation of up to $10,000 in student loan debt per borrower tied to an income threshold, CNN has learned. Quote Link to comment Share on other sites More sharing options...
b_m_b_m_b_m Posted August 23, 2022 Share Posted August 23, 2022 He’s always said 10k I don’t know why people are shocked 1 1 Quote Link to comment Share on other sites More sharing options...
b_m_b_m_b_m Posted August 23, 2022 Share Posted August 23, 2022 Quote Link to comment Share on other sites More sharing options...
Jason Posted August 23, 2022 Author Share Posted August 23, 2022 2 minutes ago, b_m_b_m_b_m said: He’s always said 10k I don’t know why people are shocked Nothing stopping him from doing a more popular number though. And without the means testing. Quote Link to comment Share on other sites More sharing options...
b_m_b_m_b_m Posted August 23, 2022 Share Posted August 23, 2022 That’s not who he is how do you not understand this about Biden by now? The median democrat is for some means tested amount and that’s exactly where Biden is, and that’s what he is proposing. Quote Link to comment Share on other sites More sharing options...
TUFKAK Posted August 23, 2022 Share Posted August 23, 2022 7 minutes ago, Jason said: Nothing stopping him from doing a more popular number though. And without the means testing. I’m one who will be assed out by the means testing but I still support this. At higher incomes student debt isn’t an anchor, I could pay it off tomorrow but I’m putting the money to better use elsewhere. Not many are in my position though so if this is what it takes to help people so be it. Quote Link to comment Share on other sites More sharing options...
b_m_b_m_b_m Posted August 23, 2022 Share Posted August 23, 2022 Median debt load is like $17k and the bulk of what is higher than that is loaded with grad school weirdos Quote Link to comment Share on other sites More sharing options...
SaysWho? Posted August 23, 2022 Share Posted August 23, 2022 So he’s going to do what he campaigned on doing and many people are going to have their debt halved or erased. 1 Quote Link to comment Share on other sites More sharing options...
johnny Posted August 23, 2022 Share Posted August 23, 2022 i’m fine with him doing 10k as that’s what he said. more would be great but biden doesn’t even want to do this in the first place Quote Link to comment Share on other sites More sharing options...
TUFKAK Posted August 23, 2022 Share Posted August 23, 2022 13 minutes ago, b_m_b_m_b_m said: Median debt load is like $17k and the bulk of what is higher than that is loaded with grad school weirdos Hey! 1 Quote Link to comment Share on other sites More sharing options...
b_m_b_m_b_m Posted August 23, 2022 Share Posted August 23, 2022 14 minutes ago, TUFKAK said: Hey! I said what I said! Quote Link to comment Share on other sites More sharing options...
CitizenVectron Posted August 23, 2022 Share Posted August 23, 2022 This is like giving everyone in America $10—sure it adds up to a lot, but it's almost pointless for the vast majority. $10k reduction in loans without reducing the interest rate doesn't do a lot for the majority of borrowers. If he's too afraid to eliminate the loans entirely, then it would be better to reduce the interest to 0% rather than just eliminate $10k off the top. Quote Link to comment Share on other sites More sharing options...
MarSolo Posted August 23, 2022 Share Posted August 23, 2022 If you make six figures, student debt is not a problem for you. I don’t make six figures but I’m all paid off outside of a couple of grand I forgot I still had. Quote Link to comment Share on other sites More sharing options...
SaysWho? Posted August 23, 2022 Share Posted August 23, 2022 1 hour ago, CitizenVectron said: This is like giving everyone in America $10— There are thousands of people who are about to get their debt wiped clean. But if you’d like to tell them that that would be equivalent to being handed a $10 bill, then by all means. 1 1 Quote Link to comment Share on other sites More sharing options...
b_m_b_m_b_m Posted August 23, 2022 Share Posted August 23, 2022 3 minutes ago, SaysWho? said: There are thousands of people who are about to get their debt wipes clean. But if you’d like to tell them that that would be equivalent to being handed a $10 bill, then by all means. I for one will no longer have any federal debt. My wife will have about $12k. I only had about a year left on my federal loans before covid. Private loans I think I’ve got like $8k but the payments and interest are low on those so they’re not a priority for me to pay off right now. Quote Link to comment Share on other sites More sharing options...
TUFKAK Posted August 23, 2022 Share Posted August 23, 2022 4 hours ago, b_m_b_m_b_m said: I said what I said! Some of us aspired for more! Fuck you Hopkins! 1 Quote Link to comment Share on other sites More sharing options...
Guest Posted August 23, 2022 Share Posted August 23, 2022 4 hours ago, CitizenVectron said: This is like giving everyone in America $10—sure it adds up to a lot, but it's almost pointless for the vast majority. This is very false 😂 Quote Link to comment Share on other sites More sharing options...
TUFKAK Posted August 23, 2022 Share Posted August 23, 2022 38 minutes ago, sblfilms said: This is very false 😂 Give the Canuck a pass. Quote Link to comment Share on other sites More sharing options...
Uaarkson Posted August 23, 2022 Share Posted August 23, 2022 I owe exactly $9,898. Quote Link to comment Share on other sites More sharing options...
Anathema- Posted August 23, 2022 Share Posted August 23, 2022 The people who are feverishly demanding 100% relief for all loans are weird. Quote Link to comment Share on other sites More sharing options...
Anathema- Posted August 23, 2022 Share Posted August 23, 2022 The self centered libertarian to self centered leftist pipeline. Quote Link to comment Share on other sites More sharing options...
CitizenVectron Posted August 23, 2022 Share Posted August 23, 2022 Obviously I am massively exaggerating, as I am wont to do; $10k off everyone's loans is a fantastic thing. But it's a drop in the bucket to what should be done, or even compared to setting everyone's interest to 0%. Quote Link to comment Share on other sites More sharing options...
CitizenVectron Posted August 23, 2022 Share Posted August 23, 2022 9 minutes ago, Anathema- said: The people who are feverishly demanding 100% relief for all loans are weird. Post-secondary should be free or heavily subsidized by the government to begin with. AND those universities should be funded and run at arms-length by the government (as independent institutions). Private universities shouldn't be a thing. Quote Link to comment Share on other sites More sharing options...
Anathema- Posted August 23, 2022 Share Posted August 23, 2022 1 minute ago, CitizenVectron said: Post-secondary should be free or heavily subsidized by the government to begin with. AND those universities should be funded and run at arms-length by the government (as independent institutions). Private universities shouldn't be a thing. I don't disagree but you don't get there through executive actions on debt relief and half measures could easily and obviously backfire. Quote Link to comment Share on other sites More sharing options...
Joe Posted August 23, 2022 Share Posted August 23, 2022 1 Quote Link to comment Share on other sites More sharing options...
TUFKAK Posted August 23, 2022 Share Posted August 23, 2022 3 minutes ago, CitizenVectron said: Post-secondary should be free or heavily subsidized by the government to begin with. AND those universities should be funded and run at arms-length by the government (as independent institutions). Private universities shouldn't be a thing. I disagree with the last point. Quote Link to comment Share on other sites More sharing options...
GeneticBlueprint Posted August 23, 2022 Share Posted August 23, 2022 Private is fine. For profit is not. 2 Quote Link to comment Share on other sites More sharing options...
CitizenVectron Posted August 23, 2022 Share Posted August 23, 2022 2 minutes ago, TUFKAK said: I disagree with the last point. 1 minute ago, GeneticBlueprint said: Private is fine. For profit is not. Yes, I should clarify—private (from government) is fine; for-profit universities should not exist. Quote Link to comment Share on other sites More sharing options...
Greatoneshere Posted August 23, 2022 Share Posted August 23, 2022 17 minutes ago, Joe said: I don't think this is fair. Doing something good when there are clear policy proposals that would effectively do even more and calling a thing out for both is just being smart and objective. Last time I checked, we can be happy something good is happening while also demanding more at the same time because there is room to improve. As Biden loves to say, one can walk and chew gum at the same time. I can, for instance, say I really like the Inflation Reduction Act, while saying at the same time it was incredibly neutered thanks to two DINO's. Edit: just watch, the minute the $10k is lifted and millenials see that, his poll numbers will shoot up. They did after killing Al-Qaeda's leader and passing IRA. This will too. In fact, I'd argue that student loan debt has been Biden's Achilles heel in terms of approval rating. Graduate college millenials like me (though I thankfully have no debt) have been tired of paying out the ass years after our education is finished, without necessarily guaranteed high paying jobs to compensate for it. He at least begins to take steps to resolve that with something like this, the turnaround in the midterms will be beautiful to see unfold. 2 Quote Link to comment Share on other sites More sharing options...
Kal-El814 Posted August 23, 2022 Share Posted August 23, 2022 34 minutes ago, Anathema- said: The people who are feverishly demanding 100% relief for all loans are weird. You miss all the shots you don't take, forgive my mortgage papa Biden 1 1 Quote Link to comment Share on other sites More sharing options...
b_m_b_m_b_m Posted August 23, 2022 Share Posted August 23, 2022 Nah, nationalize the private colleges and shut about half of them down, starting with the ivies 1 1 Quote Link to comment Share on other sites More sharing options...
SaysWho? Posted August 23, 2022 Share Posted August 23, 2022 43 minutes ago, CitizenVectron said: Obviously I am massively exaggerating, as I am wont to do; $10k off everyone's loans is a fantastic thing. But it's a drop in the bucket to what should be done, or even compared to setting everyone's interest to 0%. Bro, that was more than exaggeration; it was straight up bullshit. 1 Quote Link to comment Share on other sites More sharing options...
Jason Posted August 23, 2022 Author Share Posted August 23, 2022 58 minutes ago, Anathema- said: The self centered libertarian to self centered leftist pipeline. I don't have any loans doe. Quote Link to comment Share on other sites More sharing options...
Guest Posted August 23, 2022 Share Posted August 23, 2022 30 minutes ago, Greatoneshere said: In fact, I'd argue that student loan debt has been Biden's Achilles heel in terms of approval rating. If you believe this, it just tells what sorts of circles you run in This is not the issue this board thinks it is, and why people here can’t imagine $10k being a great move even aside from the politics of it. Quote Link to comment Share on other sites More sharing options...
b_m_b_m_b_m Posted August 23, 2022 Share Posted August 23, 2022 Anyway: all college should be free because higher educational attainment turns white people into libs and we can’t let that power be in the hands of austere (and often right wing) state governments 1 1 Quote Link to comment Share on other sites More sharing options...
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