Student Debt Forgiveness knocked down

[marvin martian]

In 20 years (probably less) the same folks applauding it will call it racist or some "plot". There will be fewer minorities in college thanks to the(se) (gee we never hear this from the right any more)


so the lack of debt forgiveness is a tax on white folks.

Is this you?

 

[MinTrut]

The Supreme Court struck down President Joe Biden’s plan to forgive up to $20,000 in student debt for millions of people Friday, leaving many borrowers’ full balances intact when the government ends a years-long pause on student loan payments this fall.

Sorry kids, gotta pay your bills.

Supreme Court Rejects Student Loan ForgivenessâHereâs What To Know Before Payments Restart This Fall

Of course they did.

Biden's handlers knew they would.

The whole scam was just a political stunt.

 

[San Souci]

The SCOTUS is kickin' Ass. 3 BIG decisions that give senile joe a Gut Punch.

 

[candycorn]

Would be nice if the loans weren't predatory.

Well aren't all loans somewhat predatory? I've had a few in my life. Seldom did I find a lender who would work with me.

There are 2 things about this that will be the ultimate resort.

First; if you don't have the money, you're not going to repay the loan. Just the way it is.

Second; it does create/expand the market for loan swapping. Generally this is a bad idea. Nobody is going to give you a load to replace your current loan unless there is something in it for them. However, you may look better to a 3rd party lender than you would look to the current loan holder (who is seldom the originator).

The bottom line is a weaker nation. Fewer will go to college. So going forward we're going to have to import more "eggheads" (I use that term lovingly) from nations who aren't anti-education. Gee, I wonder if the right wing loons will have a problem with that? Nah...

 

[1srelluc]

Rough week for the dem plantation.

 

[MinTrut]

Hmmm, how will Poopeypants and his handlers violate the Law of the Land now, screw us taxpayers over, and take care of his ilk's debt?

They won't.

The conservative fantasy that Democrats actually give a shit about their constituency is equal parts hilarious and pathetic.

 

[MinTrut]

Rough week for the dem plantation.

Nope.

They'll roll out new BS in time for 2024 - just watch.

 

[jbrownson0831]

Fairness? You mean denying a student the ability to declare bankruptcy on a loan, like Donald Trump did 6 times, and the banks those students owe the loans to that were bailed out 4 times to the tune of trillions of dollars?

That’s fairness to you?

What bank is it you work for again?

If you borrow money you have to pay it back Looneytunes.
Are you stupid or something Forrest??

 

[BluesLegend]

Of course they did.

Biden's handlers knew they would.

The whole scam was just a political stunt.

Dems purchased votes by promising to give people $10k to $20k, knowing they would lose in court. But it worked, student loan borrowers overwhelmingly voted Dem in the midterms. BANK on Dems running this scam again in 2024.

 

[jbrownson0831]

Fairness? You mean denying a student the ability to declare bankruptcy on a loan, like Donald Trump did 6 times, and the banks those students owe the loans to that were bailed out 4 times to the tune of trillions of dollars?

That’s fairness to you?

What bank is it you work for again?

What are you whining for skrewey? You didn't have to borrow any money to get through 3rd grade......

 

[1srelluc]

Nope.

They'll roll out new BS in time for 2024 - just watch.

Sure they will but it's enjoyable to watch the dem "how dare they" tears.

 

[Jim H - VA USA]

The Corrupt Democrats are attempting to destroy our system of checks and balances.
Only the House can authorize spending.
Of course, the SCOTUS ruled against Biden and the Democrat Criminals.

Yeah, they address this in the ruling. Some snippets from the majority opinion...

"The HEROES Act allows the Secretary to “waive or modify” existing statutory or regulatory provisions applicable to financial assistance programs under the Education Act, but does not allow the Secretary to rewrite that statute to the extent of canceling $430 billion ofstudent loan principal.

The text of the HEROES Act does not authorize the Secretary’s loan forgiveness program. The Secretary’s power under the Act to “modify” does not permit “basic and fundamental changes in the scheme” designed by Congress....

The authority to “modify” statutes and regulations allows the Secretary to make modest adjustments and additions to existing provisions, not transform them. Prior to the COVID–19 pandemic, “modifications”issued under the Act were minor and had limited effect."

"Specifically, the Secretary can cancel a set amount of loans held by some public servants—including teachers, members of the Armed Forces, Peace Corps volunteers, law enforcement and corrections officers, firefighters, nurses, and librarians—who work in their professions for a minimum number of years."

Congress passed the Higher Education Relief Opportunities for Students Act of 2003 (HEROESAct). 117 Stat. 904. That Act extended the coverage of the2001 statute to include any war or national emergency—not just the September 11 attacks. By its terms, the Secretary “may waive or modify any statutory or regulatory provision applicable to the student financial assistance programs under title IV of the [Education Act] as the Secretarydeems necessary in connection with a war or other military operation or national emergency.”

"Congress passed the Higher Education Relief Opportunities for Students Act of 2003 (HEROESAct). 117 Stat. 904. That Act extended the coverage of the2001 statute to include any war or national emergency—not just the September 11 attacks. By its terms, the Secretary “may waive or modify any statutory or regulatory provision applicable to the student financial assistance programs under title IV of the [Education Act] as the Secretary deems necessary in connection with a war or other military operation or national emergency....

...in August 2022, a few weeks before President Biden stated that “the pandemic is over,” the Department of Education announced that it was once again issuing “waivers and modifications” under the Act."

Summary: Biden Admin tried to use the Plandemic to implement Socialism.

 

[1srelluc]

 

[jbrownson0831]

The Supreme Court struck down President Joe Biden’s plan to forgive up to $20,000 in student debt for millions of people Friday, leaving many borrowers’ full balances intact when the government ends a years-long pause on student loan payments this fall.

Sorry kids, gotta pay your bills.

Supreme Court Rejects Student Loan ForgivenessâHereâs What To Know Before Payments Restart This Fall

Oooh Poopeypants gonna lose some votes now.....

 

[MinTrut]

Dems purchased votes by promising to give people $10k to $20k, knowing they would lose in court. But it worked, student loan borrowers overwhelmingly voted Dem in the midterms. BANK on Dems running this scam again in 2024.

And they say crime doesn't pay!

 

[MinTrut]

Sure they will but it's enjoyable to watch the dem "how dare they" tears.

Democrats be all "How DARE you?!?!?!?"

 

[Foul Owl]

So kids will have to pay off their debts without government freebies. How awful for liberals.

 

[1srelluc]

Democrats be all "How DARE you?!?!?!?"

You live under a rock or something?

 

[MinTrut]

You live under a rock or something?

Do you?

I have no idea what your post means.

 

[Harry Dresden]

Well aren't all loans somewhat predatory? I've had a few in my life. Seldom did I find a lender who would work with me.

There are 2 things about this that will be the ultimate resort.

First; if you don't have the money, you're not going to repay the loan. Just the way it is.

Second; it does create/expand the market for loan swapping. Generally this is a bad idea. Nobody is going to give you a load to replace your current loan unless there is something in it for them. However, you may look better to a 3rd party lender than you would look to the current loan holder (who is seldom the originator).

The bottom line is a weaker nation. Fewer will go to college. So going forward we're going to have to import more "eggheads" (I use that term lovingly) from nations who aren't anti-education. Gee, I wonder if the right wing loons will have a problem with that? Nah...

Seldom did I find a lender who would work with me.\
get your credit scores up in the 700's......