If student loans are going to be forgiven, I'm going to extend my master's as long as I can.

Do it! You can count on Pelosi, Schumer and Biden to deliver on student loan forgiveness.

That assumes that it will be a clean slate or even happens at all. I have a feeling that a compromise bill could come up in the election year that will only wipe out interest charges but, borrowers will still be on the hook for the principle. The other possibility will be some sort of one time tax credit/deduction that will be capped at the average of public college undergraduate student debt (est. $20-30K) that will only be advantageous to a few high earners.

Congress will hail it as a "huge win" for younger Americans and a boon to the economy. The banks will still get their money back and will write off the lost interest.

student loan guarantees have already destroyed the higher education system by allowing the unmitigated proliferation of bogus disciplines run by unqualified people. Is there any money in failing a student?

Now if the students aren't even on the hook, it will become even more of a joke.

Ya and if they ain't forgiven you can sue for being mislead. You can't lose.

I pity the fool who takes out a student loan the day after everyone else's is forgiven

I also pity the fools like me who did the responsible thing and paid off my loans while passing on new cars, "experience" travel, $5 coffees, prepared food delivered to the house, nights out on the town, spring break, etc. Individual responsibility is not valued by the communists currently in charge of the United States.

They won't be forgiven. Democrats will keep touting it out as a plan every 4 years in order to get votes from naïve college graduates, but the DNC knows it's a nonstarter.

You're clearly poor

Based on your way of thinking that 8-12k a year is meaningful

That's in the range of my annual bonus and I'm an engineer. Our Target bonus is like 6% of salary.

But by all means delay getting a real job so you can milk 8k of forgiveness a year

During his first address to Congress on April 28, President Joe Biden unveiled a proposal for an additional $1.8 trillion in federal spending, which includes investment in education — but didn’t make a single mention of student loan forgiveness.

https://www.skylightpaycard.online/

Student loan forgiveness is political

suicide. Imagine telling the majority of Americans, who chose not to attend college, that they have to pay for the education of the middle managers who are now their bosses.

dumpstre fire wrote:

You're clearly poor

Based on your way of thinking that 8-12k a year is meaningful

That's in the range of my annual bonus and I'm an engineer. Our Target bonus is like 6% of salary.

But by all means delay getting a real job so you can milk 8k of forgiveness a year

I already have a real job, you dope. I can easily do my job and go to graduate school part time. Did not think I needed to explain that I wasn't playing video games with the other 60+ hours of waking time I have outside of my 6 credits M-F.

There will be no loan forgiveness. Would’ve happened already.

The right thing, and something both sides agree on is to make people repay loans but at no interest. But that won’t happen. You know why… be student loan forgiveness will never happen.

Why not get a phD? Better use of the time

Can you borrow more and use it to buy shtcoins?

CrispyChicken wrote:

I pity the fool who takes out a student loan the day after everyone else's is forgiven

I also pity the fools like me who did the responsible thing and paid off my loans while passing on new cars, "experience" travel, $5 coffees, prepared food delivered to the house, nights out on the town, spring break, etc. Individual responsibility is not valued by the communists currently in charge of the United States.

You’re kind of a little B here. You could travel round trip to Europe for under $250 pre-pandemic. $5 coffee? You can still go to Starbucks and get a few cups of coffee for less than .50 a cup. Spring Break was a blast and if you brought your own booze having 8 people in a trash hotel room was super cheap.

It just sounds like you’ve had a crap time and want to make it seem like others are breaking the bank to have fun so you can justify your mood. Nope. You just weren’t smart enough to have all the fun and be fiscally responsible.

Totally owning the libs here. You don't like it because... you might get some money and have a nice life. You really showed them!

If costs were abolished you wouldn't be getting loans each year. They'd be no need to for you to have the loan so nobody would lend to you.

If loan forgiveness was introduced it would be tapered over several years. If you graduated 20 years ago you get nothing back, if you graduated 5-10 years ago you get something and going forward nobody pays.

Yes that was his point silly. We all know people who buy $5 coffees and expensive cars and take expensive trips who have large student loan debt that they want paid off. We also know people who chose to start at a Juco and worked their tail off through college and then focused on paying off the little debt they accrued in their first year of working.

Nobody pays what? Are you saying that unlimited debt will be paid? Why would anyone pay a penny toward college?

At least I have the guts to have a registered account. Still hiding in momma's basement?

I doubt that is your name. A registered account is just as anonymous as any other poster. I have posted several times in this thread so my identity is known too if you are saying that posting multiple times under the same name makes your identity known.