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Biden extends pause on student loan payments


Morphine Prince

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HuffsAhoy
58 minutes ago, Ceres said:

Keep the pressure, maybe he can extend till end of 2022 or you know.... forgive them, and in the interim work on solutions to make college affordable / free

An education at a 4 year institution should not be free. We need to start pressing our leaders to make community colleges and trade schools free. 

You remind me that it's such a wonderful thing to love.
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Chlorine
16 minutes ago, Morphine Prince said:

We won

I heard he is working to get the sour candy mv released in time for the midterms :party:

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SharkmanthaC

I don’t see these going away. I’m still working on paying off my masters. But this extension will help me get funding settled for IVF in the beginning of the year then work on chipping away at them. 

she/her/hers
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2 hours ago, alecks said:

Crazy how easy that was. Almost like he could just…make them go away? :coffee:

I want my home loan to go away!  Come on Biden, just wipe away everyone’s debts because we don’t like paying money for things!  

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PartySick
6 minutes ago, MACATL said:

I want my home loan to go away!  Come on Biden, just wipe away everyone’s debts because we don’t like paying money for things!  

Home loan =/= student loan

Educating citizens is an investment into your own society and really should be paid for with tax dollars and available to everyone :huntyga:

Whimsical bitch
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10 minutes ago, MACATL said:

I want my home loan to go away!  Come on Biden, just wipe away everyone’s debts because we don’t like paying money for things!  

 

3 minutes ago, PartySick said:

Home loan =/= student loan

Educating citizens is an investment into your own society and really should be paid for with tax dollars and available to everyone :huntyga:

@PartySickis right. They are not the same thing. Basic college education is realistic and common practice for many developed nations because it invests in the future of the country and is actually attainable from tax revenues. No country is giving out free homes to everyone, but if they are, sign me up.
 

And if you want to get technical, there are government funded homeless shelters, so you could say they DO provide free housing in some way. 

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PartySick
30 minutes ago, alecks said:

 

@PartySickis right. They are not the same thing. Basic college education is realistic and common practice for many developed nations because it invests in the future of the country and is actually attainable from tax revenues. No country is giving out free homes to everyone, but if they are, sign me up.
 

And if you want to get technical, there are government funded homeless shelters, so you could say they DO provide free housing in some way. 

Doesn't one European country even provide housing too? Norway, Sweden, Finland, one of those apparent utopias? :giveup:

Imagine solving homelessness by giving people homes. A concept.

Whimsical bitch
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Economy
3 hours ago, bionic said:

So could Congress and yet neither of them are doing anything. At least Congress has the power to make CHANGE rather than just scrap debt for a select generation and let those starting college this fall rack up debt and let the cycle continue... 

Thats my issue with this. I dont see wiping out debt for a random selected generation fair or a good idea in the long term

 

For starters it could send future students the message they can rack up debt because theres a chance they wont have to pay it. They may not try as hard to save up for tuition or minimize borrowing. No a good message to send. And even if habits dont change, debt will still just rack up again

 

I think student debt cancellation has to come with other reforms to make education more affordable as well along with it. Doing one and not the other will have its negative side effects long term

 

Education is a good investment, its one of those things government can spend on that actually pays itself back in the long term

 

Tho im also pro a small fee to discourage ppl just "trying it out" and that may not necessairily be serious about it. Its still a resource expensive thing to have people just casually try. Nothing major, maybe less than 10% the actual program cost, but enough to make people give it some thought

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22 hours ago, PartySick said:

Home loan =/= student loan

Educating citizens is an investment into your own society and really should be paid for with tax dollars and available to everyone :huntyga:

Then your complaint should be about the high cost of getting a college education, which I fully agree with. However, at the time you chose to go to college AND chose which school to attend, you knew the costs involved and made a conscious decision to take out loans in order to pay for It.  But now that those loan payments are due, you want the government to swoop in and “forgive” them for you?  It’s utter nonsense.   I say that as a person with significant student loan debt.  

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pachinko
On 12/22/2021 at 1:10 PM, alecks said:

Crazy how easy that was. Almost like he could just…make them go away? :coffee:

Why should your loans be forgiven? 

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22 hours ago, alecks said:

 

@PartySickis right. They are not the same thing. Basic college education is realistic and common practice for many developed nations because it invests in the future of the country and is actually attainable from tax revenues. No country is giving out free homes to everyone, but if they are, sign me up.
 

And if you want to get technical, there are government funded homeless shelters, so you could say they DO provide free housing in some way. 

Soooo, everyone deserves a free higher education, but not a free roof over their head?  You know how backwards that sounds right?  Everyone currently has access to a free education through high school.  You then have a choice if you want to pursue furthering your education on your own dime.  I think that’s fair (yes costs are WAY out of control), but at the very least we all know going in that this is how the system is currently set up and have the option to choose that route for our lives or not.  There are no surprises going in.  These debts don’t magically appear without our prior knowledge.  

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HuffsAhoy
20 minutes ago, MACATL said:

everyone deserves a free higher education

No one should get a free education at 4 year institution. However, I see no reason why two-year community colleges or trade schools can't be free or at least more affordable. 

You remind me that it's such a wonderful thing to love.
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he made more headache for himself now, because he clearly just overrided the *final* extension and so he can override prolonging this and  just write them off.... 

✧ ✧ ✧
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