Two Federal Judges Block Biden Student Loan Forgiveness

[scruffy]

"free money" shouldn't happen, period.

Closet communism.

 

[Missourian]

Missouri always out there doing the heavy lifting.

I love our unofficial motto...the Show Me State...but over the last 20 year we've become the "We'll Show You" State.

Missouri is also the only state currently suing NY for election interference. We also just entered a request to subpoena Fauci's DELETED emails.

Missouri AG says he’s suing New York for ‘direct attack’ on Trump

Missouri Attorney General Andrew Bailey said he’s filing suit against the State of New York weeks after former President Donald Trump was convicted on 34 felony charges.

www.kctv5.com

Missouri V Biden: They Want the Deleted Emails

If the Democrats want Lawfare...give them Lawfare!

Bury 'em in it.

Get your State AGs on the ball.

Fight fire with fire!

 

[1srelluc]

If you make bad investments it shouldn't be up to others to bail you out either.

Evidently people don't remember the 2008-9 bank bailouts.....The bankers gave themselves huge bonuses and lobbied the politicians to fuck us over a second time with meaningless "reform".

1:24 - 1:47

 

[excalibur]

MARK MECKLER: President Biden Has No Qualms About Overstepping

Even Hispanic voters have soured on illegal immigration, with a majority now supporting the mass deportation of illegal immigrants.

dailycaller.com

 

[mudwhistle]

They should reinstate the loans that Biden has illegally forgiven.

With interest......

 

[Toddsterpatriot]

Evidently people don't remember the 2008-9 bank bailouts.....The bankers gave themselves huge bonuses and lobbied the politicians to fuck us over a second time with meaningless "reform".

1:24 - 1:47

Those short term loans were awful!!!

 

[struth]

"free money" shouldn't happen, period.

What free money have you been getting from the govt for years?

 

[LeftofLeft]

The Student debt crisis is like the mortgage crisis in the 2000s…. unqualified buyers took out more loan than they could afford. Students and their families are racking up $200-$300k in loans to major in degrees that pay little or have a limited market. How is that the responsibility of the taxpayer?

What is more disturbing is that the Government is not making any changes to student loan programs like they did in response to the mortgage crisis. Limit the amounts students can borrow and/or put in criteria that they must attend community college for the first two years then a public university the last two years. These steps would help reduce the number of instances of student loan default and taxpayer burden.

 

[pknopp]

The Student debt crisis is like the mortgage crisis in the 2000s…. unqualified buyers took out more loan than they could afford. Students and their families are racking up $200-$300k in loans to major in degrees that pay little or have a limited market. How is that the responsibility of the taxpayer?

Example?

What is more disturbing is that the Government is not making any changes to student loan programs like they did in response to the mortgage crisis. Limit the amounts students can borrow and/or put in criteria that they must attend community college for the first two years then a public university the last two years. These steps would help reduce the number of instances of student loan default and taxpayer burden.

The banks are in a mess again.

 

[LeftofLeft]

Example?

A student attending a private university in a time zone that requires air travel on top of room and board and majors in sociology or philosophy and can’t find a job in their field or they do find a job but at a very low salary.

The banks are in a mess again.

The government eases the criteria for loans. Aren’t all Americans concerned that $100k-$300k in student loans can be handed out like candy yet a plumber or electrician trying to get into their own business must go through a lot more steps to get a $25k-$30k small business loan.

 

[pknopp]

A student attending a private university in a time zone that requires air travel on top of room and board and majors in sociology or philosophy and can’t find a job in their field or they do find a job but at a very low salary.

So simply more vast generalizations. Obviously it does not take any sort of education to do that.

The government eases the criteria for loans. Aren’t all Americans concerned that $100k-$300k in student loans can be handed out like candy yet a plumber or electrician trying to get into their own business must go through a lot more steps to get a $25k-$30k small business loan.

Sure. But yet we don't seem concerned with Wall Street constantly bending us over.

 

[Toddsterpatriot]

The Student debt crisis is like the mortgage crisis in the 2000s…. unqualified buyers took out more loan than they could afford. Students and their families are racking up $200-$300k in loans to major in degrees that pay little or have a limited market. How is that the responsibility of the taxpayer?

What is more disturbing is that the Government is not making any changes to student loan programs like they did in response to the mortgage crisis. Limit the amounts students can borrow and/or put in criteria that they must attend community college for the first two years then a public university the last two years. These steps would help reduce the number of instances of student loan default and taxpayer burden.

When Obama took over student loans, Elizabeth Warren whined that it was too profitable.
The government shouldn't be making money off of these poor college students.
Obama said he'd use the profits to help pay for Obamacare.

Fucking idiot leftists.

 

[LeftofLeft]

When Obama took over student loans, Elizabeth Warren whined that it was too profitable.
The government shouldn't be making money off of these poor college students.
Obama said he'd use the profits to help pay for Obamacare.

Fucking idiot leftists.

Warren is a huge proponent of student loan forgiveness and Obama likes it too because it is also a “vote getter”.

 

[LeftofLeft]

So simply more vast generalizations. Obviously it does not take any sort of education to do that.

No generalizations. Google stories on students struggling to pay back their loans and see what they majored. It’s also common sense that a student who picks a field of study for which there is high high demand and good salaries and the student gets loans to study at a local community college and state university at an affordable cost.

 

[pknopp]

No generalizations. Google stories on students struggling to pay back their loans and see what they majored. It’s also common sense that a student who picks a field of study for which there is high high demand and good salaries and the student gets loans to study at a local community college and state university at an affordable cost.

If you have a valid argument to make, and there are valid arguments, you do not need hyperbole to make them.

 

[LeftofLeft]

If you have a valid argument to make, and there are valid arguments, you do not need hyperbole to make them.

I did. People are unnecessarily taking out egregiously high loans and I provided a solution.

 

[pknopp]

I did. People are unnecessarily taking out egregiously high loans and I provided a solution.

You said people were taking out loans for hundreds of thousands of dollars for degree's that paid little.

I asked you to back that up. You could not.

 

[LeftofLeft]

You said people were taking out loans for hundreds of thousands of dollars for degree's that paid little.

I asked you to back that up. You could not.

In Which Majors Do Students Go Furthest Into Debt, and Is it Worth it? | LendingTree

Going into student loan debt has a heavier price to pay for some fields of study than for others. See how you major stacks up in terms of affordable student debt repayment.

www.lendingtree.com

 

[pknopp]

In Which Majors Do Students Go Furthest Into Debt, and Is it Worth it? | LendingTree

Going into student loan debt has a heavier price to pay for some fields of study than for others. See how you major stacks up in terms of affordable student debt repayment.

www.lendingtree.com

That article does not back up your initial claim.

 

[Delldude]

Federal judges have stepped in and put a pause on Biden's ,loan forgiveness for votes, plan. Both were appointed by Obama. This could be election interference aimed at a portion Biden's voting block.


TOPEKA, Kan. (AP) — Federal judges in Kansas and Missouri on Monday together blocked much of a Biden administration student loan repayment plan that provides a faster path to cancellation and lower monthly payments for millions of borrowers.

The judges’ rulings prevent the U.S. Department of Education from helping many of the intended borrowers ease their loan repayment burdens going forward under a rule set to go into effect July 1. The decisions do not cancel assistance already provided to borrowers.

In Kansas, U.S. District Judge Daniel Crabtree ruled in a lawsuit filed by the state’s attorney general, Kris Kobach, on behalf of his state and 10 others. In his ruling, Crabtree allowed parts of the program that allow students who borrowed $12,000 or less to have the rest of their loans forgiven if they make 10 years’ worth of payments, instead of the standard 25.

But Crabtree said that the Department of Education won’t be allowed to implement parts of the program meant to help students who had larger loans and could have their monthly payments lowered and their required payment period reduced from 25 years to 20 years.

In Missouri, U.S. District Judge John Ross’ order applies to different parts of the program than Crabtree’s. His order says that the U.S. Department of Education cannot forgive loan balances going forward. He said the department still could lower monthly payments.

Ross issued a ruling in a lawsuit filed by Missouri Attorney General Andrew Bailey on behalf of his state and six others.