There are subsets of these student loans that need to be forgiven. The problem is that they are not telling us which loans they are forgiving.
Some people were promised by the Gov that if they worked in underserved areas for 5 years their loans would be forgiven - the Gov has yet to honor their promise.
There are subsets of these student loans that need to be forgiven. The problem is that they are not telling us which loans they are forgiving.
Some people were promised by the Gov that if they worked in underserved areas for 5 years their loans would be forgiven - the Gov has yet to honor their promise.
Other people took out loans at very high interest rates and because of the type of loans they were never allowed to refinance at lower rates. I know of several people that borrowed $100k decades ago, have paid back $250K, and still owe almost $500K. It is simple usury and abuse and wage slavery implemented by the Gov and it should not be allowed - they paid their loans back Plus More.
The problem is that this is a massive forgiveness campaign - not "just" for those that have extremely high interest rates (which I did too and was never able to refinance) or for those who for some reason didn't qualify for a government program.
I agree with you. There is a reason that they are not telling us which loans they are forgiving so that they can hide what they are doing.
I was in the same boat with post with postgraduate loans that at the time if you remember were 10-12%.
My wife and I sacrificed daily until they were paid back because we knew that if we didn't do that, they were going to be a millstone around our neck for our entire life. It's wrong, it's communist, it's abuse for others to have to pay the debt of others - If ppl won't believe that then let them try to run up an account at the local casino and see what happens when they try to make my neighbors pay for it.
The Problem is the Democrat/Progressive/Liberal Lie that "Deficits Don't Matter". They want ppl to believe there is a never ending supply of money. If they really believed that, they would abolish taxes - instead they continue abusing the debt to get rich and buy favors.
Instead of forgiveness, fix the loans that are so messed up. Those who will have to make up for the mistakes of others and be punished for their actions are going to realize they get punished whether they're good citizens or not. If treated as such, act as such.
Oh, okay. But isn't it reasonable to assume that there are still a lot of loans due that were established pre Obama? Or are you saying that the gov took over pre existing loans that were made pre Obama as well as loans that were made after Obama changed the rules?
There are subsets of these student loans that need to be forgiven. The problem is that they are not telling us which loans they are forgiving.
Some people were promised by the Gov that if they worked in underserved areas for 5 years their loans would be forgiven - the Gov has yet to honor their promise.
Other people took out loans at very high interest rates and because of the type of loans they were never allowed to refinance at lower rates. I know of several people that borrowed $100k decades ago, have paid back $250K, and still owe almost $500K. It is simple usury and abuse and wage slavery implemented by the Gov and it should not be allowed - they paid their loans back Plus More.
I don't disagree with this.
The problem is that this is a massive forgiveness campaign - not "just" for those that have extremely high interest rates (which I did too and was never able to refinance) or for those who for some reason didn't qualify for a government program.
If you think about it, it IS socialism in action in that TAXPAYERS are forced to pay for OTHERS debts.
I agree with you. There is a reason that they are not telling us which loans they are forgiving so that they can hide what they are doing.
I was in the same boat with post with postgraduate loans that at the time if you remember were 10-12%.
My wife and I sacrificed daily until they were paid back because we knew that if we didn't do that, they were going to be a millstone around our neck for our entire life. It's wrong, it's communist, it's abuse for others to have to pay the debt of others - If ppl won't believe that then let them try to run up an account at the local casino and see what happens when they try to make my neighbors pay for it.
The Problem is the Democrat/Progressive/Liberal Lie that "Deficits Don't Matter". They want ppl to believe there is a never ending supply of money. If they really believed that, they would abolish taxes - instead they continue abusing the debt to get rich and buy favors.
Exactly
Instead of forgiveness, fix the loans that are so messed up. Those who will have to make up for the mistakes of others and be punished for their actions are going to realize they get punished whether they're good citizens or not. If treated as such, act as such.
A 'friend' of mine advised she took a job with SSA and was very happy to get her student loans fully paid off.
The taxpayer shouldn't be on the hook for the debt, the banks should be forgiving the debt.
The banks don't make the loans; the government does. Obama took student lending away from the banks early on.
Oh, okay. But isn't it reasonable to assume that there are still a lot of loans due that were established pre Obama? Or are you saying that the gov took over pre existing loans that were made pre Obama as well as loans that were made after Obama changed the rules?