Official Student Debt Cancellation Watch Thread

[Typical Knicks Fan]

I remember a year ago when i said Biden was a horrible candidates for the Dems and it’s been a year and he hasn’t proven me wrong.

This is one of the few things he can literally Executive Order into existence and he’s hemming and hawing and people are lying to themselves like he is trying to time this for before the midterms. The motherfukker has direct ties to the student debt crisis because he literally wrote the Bill that got us here.

I gave up and started paying down before the interest rates go back in January.

 

[the cac mamba]

dems are looking desperate right now heres your chance

 

[Donald J Trump]

dems are looking desperate right now heres your chance

He’s too busy being worried about helping illegal immigrants

 

[Eternal Tecate]

He’s too busy being worried about helping illegal immigrants

which is annoying bc actual cancellation is a 3 second process

 

[LurkMoar]

 

[LurkMoar]

I thought about this some more and let's say it did get canceled...would that make rent/home prices even more unaffordable? I'm inclined to believe that everyone's budget would increase if they didn't have any student loan payments.

Almost everyone's shyt in deferment and everything is still too expensive.

That’s exactly what would happen

 

[Wargames]

That’s exactly what would happen

it would only affect the bottom line of companies that bought that debt…. That is all Biden cares about

 

[Unemployed GM]

The head of I.T. Security at my work who used to be a CPA devised a plan to never pay his loans back because of how in debt he was and the interest. He takes a few classes each month at a community college online in persuant of a degree/certificate so his loans are in deferment, it’s cheaper to pay for the classes than the loans since he got a masters degree in accounting. This community college has hundreds of certificates so he can do it pretty much for the rest of his life, if he dies student loans are like the only form of debt where they can’t go after your assets or money for repayment. When he retires he can pull out all his money from his 401k and put it in a savings account so that the only income he has is social security then go on an income based repayment plan. Like he has this shyt all planned out. I’m literally considering doing this but I don’t think my balance is high enough to where a 30 year consolidation loan monthly payment would be that much higher than the community college monthly cost (and they’re eventually going to raise prices). This entire system is fukked, if Biden doesn’t want to forgive any, the least he can do is eliminate interest. Interest is the real insidious nature of student loans. I’d probably be halfway done or more paying my loans back if it wasn’t for interest.

 

[Serious]

 

[FAH1223]

1:24:03 A caller calls about his debt from getting his MBA.

After the call, Thom follows up on if Biden is going to do anything. Ro Khanna suspects Biden is going to do something. Not the $50k but he will take action. Take it with a grain of salt.

 

[FAH1223]

Another $2 billion cancelled

 

[FAH1223]

 

[Wargames]

They are going to get their asses kicked in 2022 and then blame the public and say shyt like “people are stupid”….

At this point I want to see it.

 

[FAH1223]

They are going to get their asses kicked in 2022 and then blame the public and say shyt like “people are stupid”….

At this point I want to see it.

Man I’m starting to get dark thoughts of Trump doing it in 2025 if/when he wins again

 

[Yapdatfool]

They are going to get their asses kicked in 2022 and then blame the public and say shyt like “people are stupid”….

At this point I want to see it.

They fukking deserve it. All of it. Why?

Man I’m starting to get dark thoughts of Trump doing it in 2025 if/when he wins again

This is why. But their voters (I think) don't want student loan forgiveness either but I can see Trump doing it still.