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General Category >> Politics, Religion (Tall Table) >> Forgiving Loans
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Message started by MnSpring on 07/07/23 at 14:16:30

Title: Forgiving Loans
Post by MnSpring on 07/07/23 at 14:16:30

From, 'The New York Times'

One of the most significant developments in the run-up to the 2024 presidential election has emerged largely under the radar. From 2016 to 2022, the number of white people without college degrees — the core of Donald Trump’s support — has fallen by 2.1 million.

Over the same period, the number of white people who have graduated from college — an increasingly Democratic constituency — has grown by 13.3 million.

Yep give someone 10, 0R 20 THOUSAND dollars,
they will vote for you !

;D ;D ;D ;D ;D ;D ;D ;D ;D ;D ;D ;D ;D

Title: Re: Forgiving Loans
Post by Serowbot on 07/07/23 at 16:20:15

That's 15 million more potential votes.
No worries
tRump will still cry election fraud. ;D

Title: Re: Forgiving Loans
Post by MnSpring on 07/07/23 at 17:59:01

786E79647C69647F0B0 wrote:

That's 15 million more potential votes.
No worries ..."

Yea, spend Billions of
OTHER PEOPLES MONEY,
for votes !

It is the Socialistic way !

Title: Re: Forgiving Loans
Post by Eegore on 07/07/23 at 21:45:02

I think the tax payer "footing the bill" is inevitable in some way.

For instance one program that would be cut to account for student loan forgiveness is Paid Parental Leave. My tax dollars, in some capacity will end up in one of those programs.

So should I pay for someone that chose to have a kid, or someone that chose to go into debt for an education?

I feel like I shouldn't pay for anyone else's choices on either of these issues.

Title: Re: Forgiving Loans
Post by zevenenergie on 07/08/23 at 02:24:37

44 sec:

https://www.youtube.com/watch?v=c6i0XTvckZU

I can't find the video but he graduated.

Title: Re: Forgiving Loans
Post by WebsterMark on 07/08/23 at 04:21:12

You f’ing socialist leftist do a lot of ridiculous things, but “canceling” student debt is the worst.

First, no one’s canceling anything. We’re paying for it. The lending institutions and schools get paid, the students get their education (debatable) and I get money taken out of my pocket so 20 year olds, who haven’t experienced much in the way of real life yet so overwhelmingly vote Democratic, cast their votes the way they’ve been paid off to do. You want to help those struggling? Pay off all car loans for those making less than 50k or something like that. Now that would help an awful lot of people but those people don’t vote 90% for Democrats so fxxk ‘em.

Title: Re: Forgiving Loans
Post by Serowbot on 07/08/23 at 09:37:15

Cancelling a Trillion dollars of tax debt for the rich (including that huge $750 that tRump pays) ain't free either.
Somebody's got to pay that.
It's you.

Would you rather help pay someone's education, or make a payment on their luxury yacht?

Title: Re: Forgiving Loans
Post by zevenenergie on 07/08/23 at 10:37:18

I think that when you borrow something you have to pay it back. It also motivates people to start a good career.

There is also an advantage to alleviating student debt. Now our most intelligent people choose a profession that allows them to pay off their student debt quickly. For example the money sector.

This is at the expense of sectors where these intelligent people can make a lot of abiding contributions to society.

It would be nice if bright policymakers got involved. Instead of unleashing nonsensical ideologues or old-fashioned ideas on this.

Title: Re: Forgiving Loans
Post by justin_o_guy2 on 07/08/23 at 12:27:26

I'd like a breakdown of what Majors represent the most debt.
I'm betting it's heavily tilted towards courses that will Never create income to repay.
Gender studies and the like. STEM stuff will be down the list. My daughter graduated as a nurse, owing around twenty k. Saw a game show contestant the other day. An Easy two fiddy, double major, women's gender studies and kinesiology.. She doesn't Look like she has much experience with that Body in Motion thing.

Title: Re: Forgiving Loans
Post by MnSpring on 07/08/23 at 13:08:05

One of the most significant developments in the run-up to the 2024 presidential election has emerged largely under the radar. From 2016 to 2022, the number of white people without college degrees
- ( Because MOST of them did, TRADE type education) —
the core of Donald Trump’s support — has fallen by 2.1 million.

Over the same period, the number of white people who have graduated from college
— (Which MOST, obtained a, 'Underwater Basket Weaving Degree') -
an increasingly Democratic constituency — has grown by 13.3 million.

Yep give someone 10, 0R 20 THOUSAND dollars,
they will vote for you !

Title: Re: Forgiving Loans
Post by zevenenergie on 07/09/23 at 02:41:05

How's your keyboard doing? Still in one piece?

Title: Re: Forgiving Loans
Post by justin_o_guy2 on 07/09/23 at 03:39:31

We learned a long time ago to put them on foam rubber.

Title: Re: Forgiving Loans
Post by MnSpring on 07/14/23 at 14:08:22

“… people paid their loans for 25 years, but only 7 of those years counted because of an accounting error. …”

So, someone paid back the amount required over 25 years.
And NEVER checked the balance ?

This person went to COLLAGE, and is (supposedly) Intelligent ?

This person has NO record of making payments ?

Sure, someone in the government, f’ed up, (NOT a new thing)
The fix is simple, ‘Here is the Proof I paid’,

And again from a Favorite FDS, WOKE Site, NPR
https://www.npr.org/2023/07/14/1187545921/student-loan-forgiveness-save-repayment
“… The Supreme Court may have struck down President Biden's plan for sweeping student loan forgiveness, but another plan that could gradually achieve similar results is in the works. In fact, millions of borrowers can begin to benefit from it as early as this fall, when they're expected to begin making monthly loan payments after a three-year pause.
Now, this forgiveness isn't simple. It won't happen suddenly, in one lump sum. It will instead come slowly through a complex new repayment plan — called the SAVE plan, for Saving on a Valuable Education — that will save borrowers thousands of dollars by keeping their monthly payments small (as small as $0) while also preventing interest from exploding what they owe.
"[It] has the potential to massively change student loan repayment in our country as we know it," says Dominique Baker, an associate professor of education policy at Southern Methodist University.
SAVE is a new form of income-driven repayment plan that the Department of Education says will phase out the current Revised Pay As You Earn plan (REPAYE).
If this doesn't sound like loan forgiveness, get this:
The department says that under the old plan, borrowers repaid $10,956 for every $10,000 they borrowed. Under the new plan, they would pay back just $6,121 …”

Just to note. You buy a House for 300,000.00, 10,000.00 down, then ‘BORROW’, 290,000.00 at 5% for 30 years.
You will pay 270,000.00 in INTEREST. Total 560,000.00

But the NEW plan, you BORROW, 10,000.00 you pay BACK, $6,121.00

I WANT SOME OF THAT !!!!!!!!!
BORROW, 10,000.00, and ONLY PAY BACK 2/3’s of it !!!!!!!!

Title: Re: Forgiving Loans
Post by Eegore on 07/14/23 at 14:25:33

“… people paid their loans for 25 years, but only 7 of those years counted because of an accounting error. …”

So, someone paid back the amount required over 25 years.
And NEVER checked the balance ?

Incorrect. The amount is not the issue, its that the deal that was made was after 25 years, the rest is forgiven. They didn't know the payments, made in full, weren't counted towards the 25 year payment agreement.

Also the sentence you quote is not about the SAVE plan.

This person went to COLLAGE, and is (supposedly) Intelligent ?

This person has NO record of making payments ?

Sure, someone in the government, f’ed up, (NOT a new thing)
The fix is simple, ‘Here is the Proof I paid’,

The payments aren't the issue, the credit towards the 25 year agreement was not counted. Not the dollars, the years. It's like having an agreement to work at a job for 10 years and they pay off your school loans, but after 8 years the Company says OOPS, we didn't count the first 5 years towards your time because your paperwork was entered incorrectly, so we won't pay off your school like we agreed.

Nobody is questioning you worked 8 years already, they are just backing out of the deal you had with them. If the deal was "unconstitutional" then it should have been addressed 25 years ago.

I think if it were "simple" then people would have been resolving the issue by now. Problem is you can't just show the government some receipts and get your loan forgiven.

"I WANT SOME OF THAT !!!!!!!!!
BORROW, 10,000.00, and ONLY PAY BACK 2/3’s of it !!!!!!!!"

Who wouldn't?

Title: Re: Forgiving Loans
Post by MnSpring on 07/14/23 at 14:31:41

5676747C6176130 wrote:

Problem is you can't just show the government some receipts and get your loan forgiven.

Disagree !

No comment on the absolutely Brilliant Idea,
from the POTUS that does NOT tweet ?

"...But the NEW plan,
you BORROW, 10,000.00
you pay BACK, $6,121.00..."

Title: Re: Forgiving Loans
Post by Eegore on 07/14/23 at 16:49:07

Eegore wrote on Today at 14:25:33:
Problem is you can't just show the government some receipts and get your loan forgiven.

Disagree !

So thousands of people are just too stupid I guess. Not one student in this program, or their lawyers ever thought to go get those receipts. It can't possibly be that you are comparing two different problems and oversimplifying the solution.

No comment on the absolutely Brilliant Idea,
from the POTUS that does NOT tweet ?

I did comment.

No comment on why I worked to change the CDC method of Covid counts in CO? Why would I correct something if I think it's already correct?