Hilarious! Student loan forgiveness… NOT!

george co wrote:

1) An 18 year old kid is convinced that taking on huge loans to attend college will pay off when he/she graduates and is employed with wages reflecting that degree. Predatory banks see how naïve they are and soak them with escalating rates and hidden balloons. Yes, there are also kids/families that choose, knowing the risks.

By "predatory banks" you mean the US Government. (Thanks Obama)

george co wrote:

Major political donors, individual & corporate receive PPP loans. Less than two years have passed and over 80% have been forgiven. YOU and me are paying for it. Why the distinction of showing no rage in "society propping up wealthy and corporation's ill thought plan"? Why only toward the students?

Everybody was eligible for PPP loans. It was widely understood when passed that these would mostly be forgiven, and could only be used to keep working people's paychecks coming in.

roller coaster wrote:

By "predatory banks" you mean the US Government. (Thanks Obama)

Everybody was eligible for PPP loans. It was widely understood when passed that these would mostly be forgiven, and could only be used to keep working people's paychecks coming in.

The majority of student loans come from private banks, approved by the govt. Do you think student loans started when Obama was president? Never prior or after? I hold Obama in contempt for his administration continuing the Bush bank bailouts and not setting firmer student loans guidelines, ballooning rates especially. Student loans are not a scourge of any single president's administration. Many are guilty.

Everybody was eligible "if" they could get through the red tape of the complicated process. The wealthy individuals with lawyers on retainer and corporations did this in a flash leaving many mon & pops out when resources were gone. The president also bragged about "his supporters" going to the front of the line such as the Kushner's etc. It was not until the loans were extended to a second wave that more mom & pops got in.

However, my question to the other poster was "Why do you accept PPP loan forgiveness, primarily wealthy & corporations in the first wave, and vilify students who are seeking the same treatment?"

He said he didn't want to pay for the students, but apparently the PPP is okay as is a $1.7 trillion dollar tax cut pushed on to the middle class. If I am going to complain about having to pay for others, I will start with the biggest offenders, but that's just me.

roller coaster wrote:

PPP loans could only be used to keep working people's paychecks coming in.

Tom Brady used his $700K+ to buy a yacht. He posted himself standing next to it bragging about using PPP money to purchase it. Who is monitoring if what you said above is being followed?

"But that damn kid wants his student loan reduced and I'm not paying for it." Misguided hypocrites in my eyes.

george co wrote:

jamb innnnn wrote:

Keep paying your debt, peasants.

Covid parties over.

Are you aware that over 80% of the PPP loans have been forgiven already. 80% of the loans taken out two years ago. Many of these, and most in the first wave were granted to large and very wealthy companies. However, 6/10th of 1 percent of student loans have been forgiven since 1958, a mere 63 years ago.

We seem to live in an increasing "have" and "have not" country.

I have no idea what your point is. Looks like your education did not teach you how to articulate your point in any detail. I suggest you ask for a refund.

55YO wrote:

I have no idea what your point is. Looks like your education did not teach you how to articulate your point in any detail. I suggest you ask for a refund.

I'll dumb it down even more:

The very same people who are adamant that they will NOT pay for student loan forgiveness don't mutter a word when wealthy and corporations are given their tax money.

Better?

george co wrote:

55YO wrote:

I have no idea what your point is. Looks like your education did not teach you how to articulate your point in any detail. I suggest you ask for a refund.

I'll dumb it down even more:

The very same people who are adamant that they will NOT pay for student loan forgiveness don't mutter a word when wealthy and corporations are given their tax money.

Better?

Nope. Some of us oppose all of that.

Seriously, you are doing well. Much admiration to you and your family.

Wouldn't risk adjusted loan rates fix a lot of this? Why should some one with poor grades, high debt, and poor income potential have the same interest rate as the reverse?

College is expensive, unjustifiably so, regardless of your major. I will concede this fact. The issue of reforming bloated universities is a separate matter. If we assume that change in costs/reform is not forthcoming, then why pursue a track where there are no high paying jobs? There are always predators looking to rip you off. Figure out how not to get ripped off. This is the personal responsibility part of the equation I speak of.

As for the rest of your comments, I am not for blank check bail-outs. PPP loans should NOT be forgiven. Also, I am 100% okay with interest free student loans. But they need to be paid back. As for your other points comparing the privileges afforded to the super-rich vs student loan forgiveness, two wrongs do not make a right.

55YO wrote:

george co wrote:

I'll dumb it down even more:

The very same people who are adamant that they will NOT pay for student loan forgiveness don't mutter a word when wealthy and corporations are given their tax money.

Better?

Nope. Some of us oppose all of that.

Millions of people who will say exactly what you said but only show up to oppose one of these things at the voting booth. Complain about just one of these things on Facebook. Start and contribute to threads sh*tting on one of these groups of people.

Conservative media plays you idiots like a fiddle.

I was shocked when I heard that temporary student loan relief would end, and federal student loan payments will restart beginning February 1, 2022. I actually believe that a short-term extension of student loan relief would provide numerous benefits. First, student loan borrowers would have more time to prepare to restart student loan payments. Second, the Biden administration can monitor the Omicron variant and make more progress on managing the Covid-19 pandemic. After taking my student loan from https://hurtigudbetaling.dk/ , I realized how important this issue is to today's society.