Official Student Debt Cancellation Watch Thread

[Pressure]

Another fox news talking point I see. Hmm.

What part? That inflation is the number one concern?

The Harvard poll also found that when asked about the national issue that concerned them the most, just 1% of young adults mentioned education costs or student debt -- 19%, by contrast, mentioned inflation or the economy as a whole.

Or that student debt will increase inflation? I don't think that's really up for debate. You can argue that the effects on inflation are negligible and in general I agree. But with inflation already high and the number one concern for Americans it is what it is.

 

[Pressure]

and their debt is still the same—if they haven’t paid down on it which they should of in the position too.


If you qualify. for those that don’t—which is most—their debt is still the same.


And their debt is still the same

All you have said is just prolonging the inevitable. I would love for Biden to do the right thing and shut me up on this and forgive the debt, but you know he has no interest in that. I hope he does what he ran on, at the minimum.

you said he's done nothing. We know that isn't true.

And here were discussing doing something. And you're pretending that 10k is the same as doing nothing.

 

[No1]

Like you don’t deserve it working with the underserved.

I’ve been working with the underserved population as well. That’s why I got into healthcare.

You just wanted a bag and didn’t want major loans b

 

[No1]

I was referring to the people you were naming, not you.

When have I ever pushed anything but progressive policies

 

[Serious]

You just wanted a bag and didn’t want major loans b

I don't have major student loans breh, I just don't want to pay it if my employer will reimburse me or Biden will pay.

But I have funds right now to pay them off completely if I want to, sue me.


I also sympathize with those draining in debt.

With that said, working with the "underserved" more specifically, working to increase health equity for Black people, has always been my career goal.

 

[Payday23]

What part? That inflation is the number one concern?

Or that student debt will increase inflation? I don't think that's really up for debate. You can argue that the effects on inflation are negligible and in general I agree. But with inflation already high and the number one concern for Americans it is what it is.

Forgiving student debt will effect inflation.

https://www.nasdaq.com/articles/would-student-loan-forgiveness-make-inflation-even-worse

 

[mastermind]

you said he's done nothing

We talking about student loan debt, not ”hey, he’s allowed people not to pay.”

 

[No1]

But I have funds right now to pay them off completely if I want to, sue me.

Exactly my point But I could pay mine off right now too if wanted but I done paid these nikkas enough. And all my classmates who paid their shyt off either never did public interest all or more often than not came from money. My friend had his dad “lend” him the cost of tuition. He knows damn well he won’t have to pay that back.

 

[wire28]

I don't have major student loans breh, I just don't want to pay it if my employer will reimburse me or Biden will pay.

But I have funds right now to pay them off completely if I want to, sue me.


I also sympathize with those draining in debt.

With that said, working with the "underserved" more specifically, working to increase health equity for Black people, has always been my career goal.

I’ll keep you in mind

 

[☑︎#VoteDemocrat]

(NOT MY VIEW)

What if the activists are wrong and this is so unpopular that it backfires?

 

[88m3]

 

[OperationNumbNutts]

It's issues like this that make me realize why the rich get richer. Just the CARES Act alone was a trillion dollar package mainly for businesses. You had companies that received PPP loans and had 100% of it forgiven (did not have to pay back). Other forms of relief for businesses came in grants that didn't have to be paid back as well. It was not just mom-and-pop shops. You folks like Tom Brady receiving PPP loans for his TB12 brand all the way to nationally recognized companies. Then when it comes to students loans people want to fight among each other while becoming weekend economist talking about inflation. And this is where technicality works against folks. If student loan forgivenenss would increase inflation, why don't corpporate tax breaks from the local to federal level have the same effect?

 

[Serious]

It's issues like this that make me realize why the rich get richer. Just the CARES Act alone was a trillion dollar package mainly for businesses. You had companies that received PPP loans and had 100% of it forgiven (did not have to pay back). Other forms of relief for businesses came in grants that didn't have to be paid back as well. It was not just mom-and-pop shops. You folks like Tom Brady receiving PPP loans for his TB12 brand all the way to nationally recognized companies. Then when it comes to students loans people want to fight among each other while becoming weekend economist talking about inflation. And this is where technicality works against folks. If student loan forgivenenss would increase inflation, why don't corpporate tax breaks from the local to federal level have the same effect?

@DEAD7

 

[OfTheCross]

It's issues like this that make me realize why the rich get richer. Just the CARES Act alone was a trillion dollar package mainly for businesses. You had companies that received PPP loans and had 100% of it forgiven (did not have to pay back). Other forms of relief for businesses came in grants that didn't have to be paid back as well. It was not just mom-and-pop shops. You folks like Tom Brady receiving PPP loans for his TB12 brand all the way to nationally recognized companies. Then when it comes to students loans people want to fight among each other while becoming weekend economist talking about inflation. And this is where technicality works against folks. If student loan forgivenenss would increase inflation, why don't corpporate tax breaks from the local to federal level have the same effect?

Cause 1 of them is money that's actually going into the economy and the other is going to be horded and invested and won't have any economic effect whatsoever.

That's why I know the Covid relief isn't the cause of inflation. the PEOPLE didn't get the money like that. It's really all supply-chain shyt.

 

[OperationNumbNutts]

Cause 1 of them is money that's actually going into the economy and the other is going to be horded and invested and won't have any economic effect whatsoever.

That's why I know the Covid relief isn't the cause of inflation. the PEOPLE didn't get the money like that. It's really all supply-chain shyt.

uhhhh....what? For main-street you had people who didn't pay rent for a year, received stimulus checks, an increased child tax credit, and monthly payments per child for around six month. Landloard didn't get any relieve and now making up for it by charging more for rent if the house (or homes) aren't going into foreclosure. And when they raise rent people around them as well. Then you have billionaires who dramatically increased their wealth just within the first few months of the pandemic. Let's not forget the Federal Reserve nearly keeping interest rates at 1-2%. You are correct by one thing. Money invested doesn't impact the economy and only enrich the company. But it's flat out crazy to say people didn't get money like that or Covid was a factor to inflation.

Back to student loans, people are delaying buying homes and having kids due to their monthly payments. I know its hypothetical which isn't going to happen but releaving student loans would free cash for people to buy homes and have kids which in turn will put money back into the economy. Folks just don't like see main street get paid. Yet say nothing when people like Tom Brady or Kanye West receiving PPP loans for their businesses. Let's not forget restaurants received upwards to $10 million in grants they don't have to pay back. Not saying you but there is a lot of backwards thinking.