Official Student Debt Cancellation Watch Thread

[Ozymandeas]

Stanford MBA's? The fact that clown pivoted to that extreme shows what he's doing. What a disingenuous piece of shyt.

Stanford MBAs one of the most exclusive business schools in the country. Yea bro all of us went to Stanford

 

[CBalla]

Corporations got 3 trillion just to fire people anyways and half of yall didnt even bat an eye

 

[King Kreole]

 

[Th3G3ntleman]

Is there a phrase that has gotten more distorted with time than the phrase "working class"? Wtf does that even mean anymore? These jacobin fuccks have distorted that phrase to basically mean dumb racist white people who work in factories and hate cultural issues. News flash bruh you can have a college degree and be a part of the "working class".

 

[Astroslik]

Subs

I can rock with 10k

people expecting more aren’t realistic

 

[King Kreole]

Most of the college educated group is working class though. There is an intersection.

Trade guys making 80-100K aren't any more working class than a grad-degreed teacher making 50K.

Exactly. Our culture has yet to update our conception of the working class as some podunk white man farmer or some white man factory worker. You even see this in the PMC "vs" Working Class debate on the left. Most college graduates are working class. There are tons of non-college graduates who start very lucrative careers in a trade. A lot of these guys are out here at Trump rallies with brand 2020 Ford F-150s with all the fixins, they ain't some uniquely opressed class.

You are overstating the intersection, hence the reason I used the term "social capital" because I safely presumed someone would respond with this line of argument. Further, social capital in my opinion and the way some academics use the term is not simply about income but also relates to culture, recreational habits, spending habits, and most importantly access to networks. And so, the teacher and the plumber generally speaking are not of the same class once you look beyond income.

But there are some exceptions when you look at race and geography, but not enough to undermine my general point.

Yeah so what you're essentially talking about is people's cultural grievances being laundered as economic woes. Just because some rich white man is mad doesn't make him poor. These people are bumping up against a shifting culture in which, for the first time, they are being asked to reckon with this country's history and their privilege. Instead of acknowledging and digesting, they're spitting it up like a baby and peddling fake grievances to avoid accountability.

 

[Astroslik]

I’m in the awkward position where I will want to consolidate once federal loans are out of deferment, but if I consolidate with a private company, I risk not being eligible for forgiveness....

Same

I’m holding out

 

[Astroslik]

Don't consolidate with a private company breh

Why not? If you can pay them off <1 year what’s the problem?

 

[Astroslik]

0% interest extended throughout the next year(s) + 10k forgiveness would be

 

[No1]

lmao naw im good. i get one bad take everyonce in a while...unless you mean not to derail

I meant not to derail.

 

[Serious]

People on private loans need help too

FAFSA is getting stringent

They are?

 

[No1]

I said this before in other threads, the working class is going to have beef with this because of the things Noah mentions. The working class understands that they lack social capital and that implicitly and explicitly undermines alot of things they aspire to, so many of them take pride in not having student loans because it's one thing that makes them better off than professional class people. You even see this with people who only have undergrad debt vs people with grad degrees, "I only owe 30k thank goodness I don't owe 300k" saying that as a source of pride to make up for disparities in social capital. Thus, I knew this pushback against student loans was coming.

Most polling contradicts this.

 

[Serious]

I said this before in other threads, the working class is going to have beef with this because of the things Noah mentions. The working class understands that they lack social capital and that implicitly and explicitly undermines alot of things they aspire to, so many of them take pride in not having student loans because it's one thing that makes them better off than professional class people. You even see this with people who only have undergrad debt vs people with grad degrees, "I only owe 30k thank goodness I don't owe 300k" saying that as a source of pride to make up for disparities in social capital. Thus, I knew this pushback against student loans was coming.

Name names

 

[GodinDaFlesh]

Why not? If you can pay them off <1 year what’s the problem?

Yeah if you can pay them off quickly it's not a bad idea, but you lose all the protections granted to federal loans (income driven repayment, covid forbearance, and any potential loan forgiveness).

 

[ogc163]

Name names

You aggy beloved? I hit a nerve?