Why forgive "student loans" and not all other loans? Why is Biden (democrats) so adamant about it?

[Couchpotato]

Then the feds contracted with a private vendors to "service" those loans, and administer the Loan Forgiveness program....

Why is the Worst Student-Loan Servicer One of Betsy DeVos's Favorites? | NEA

Ok. Doesnt change who's granting the loans or whos on the hook it the loan's not paid does it?

 

[Couchpotato]

We (the government) is not loaning that money. The banks are and they are making a killing on it

You were completely unaware that PRES OBAMA signed a bill in 2010 making the DoEd the sole provider for student loans werent you....

That explains your stupid take on who pays if the loans are "forgiven"..

 

[The5thHorseman]

Ok. Doesnt change who's granting the loans or whos on the hook it the loan's not paid does it?

No...it doesn't...you are correct.

But Loan Foregiveness doesn't mean anything if no loans are foregiven. And the service provider isn't paid on a foregiven loan.

 

[Couchpotato]

No...it doesn't...you are correct.

But Loan Foregiveness doesn't mean anything if no loans are foregiven. And the service provider isn't paid on a foregiven loan.

Ok. What does that have to do with whether or not the Government should be "forgiving" loans made to students?

 

[The5thHorseman]

You were completely unaware that PRES OBAMA signed a bill in 2010 making the DoEd the sole provider for student loans werent you....

That explains your stupid take on who pays if the loans are "forgiven"..

That covers the about 10 years of grads.

Biden's program extended to federally subsidized loans as well.

 

[The5thHorseman]

Ok. What does that have to do with whether or not the Government should be "forgiving" loans made to students?

I originally answered the question about the difference.

Other than pointing out that loans post 2010 were issued directly, I gather that your complaint is that federal involvement is responsible for tuition inflation.

Is that correct?

Is there anything more?

 

[pknopp]

So what you meant was that no politicians were outraged.

Nobody was.

 

[Couchpotato]

That covers the about 10 years of grads.

Biden's program extended to federally subsidized loans as well.

That wasn't the start of the Fed giving out loans directly. They were already directly loaning 1/3 of all student loans in 2010. If you're still paying off a student loan over 10 years after graduation.... Also, the Federal Gov would have no ability to forgive a loan it didn't make. Even if it did those loans would be the vast minority of outstanding loan debt. They would mostly likely be paid off or substantially paid down, not to mention that tuition prices would have been far lower 15 years ago than they are today.

 

[The5thHorseman]

That wasn't the start of the Fed giving out loans directly. They were already directly loaning 1/3 of all student loans in 2010. If you're still paying off a student loan over 10 years after graduation.... Also, the Federal Gov would have no ability to forgive a loan it didn't make. Even if it did those loans would be the vast minority of outstanding loan debt. They would mostly likely be paid off or substantially paid down, not to mention that tuition prices would have been far lower 15 years ago than they are today.

15 years ago Yale cost 50k, and Sarah Lawrence 60..

Yale's tuition covers about 50% of operating costs.

 

[Richard-H]

What's different about a "student loan" over any other loan?

The student loans in question are government loans, not private loans.

Student loans taken from private banks are not included in the loan forgiveness.

 

[Richard-H]

How about not forgiving any loans and transferring the responsibility of paying back a loan from the borrower to others is not loan forgiveness it’s debt transference.

No one will have to pay these loans back.

 

[bripat9643]

They loan money at full rate to people who normally wouldn't qualify and the government guarantees that no default can occur.

Ya couldn't ask for a sweeter deal

What's your point, dumbass?

 

[bripat9643]

I school you all the time, Bri.

You don't appear to retain much.


For example, have you ever cast a vote for a POTUS under whom deficits FELL?

You seem to believe that's some kind of winning rhetorical point.

 

[The5thHorseman]

You seem to believe that's some kind of winning rhetorical point.

I only assert AFTER I demonstrate.

You only assert.

 

[bripat9643]

Bri,

It's your bread & butter.

ROFL! You certainly haven't proved it.

 

[bripat9643]

Nobody was.

Wrong.

 

[bripat9643]

I only assert AFTER I demonstrate.

You only assert.

You have never demonstrated winning, turd.

 

[The5thHorseman]

You have never demonstrated winning, turd.

Only if you insist the facts are lying to you, Bri....which you are inclined to do.

 

[Couchpotato]

15 years ago Yale cost 50k, and Sarah Lawrence 60..

Yale's tuition covers about 50% of operating costs.

There are over 3900 4 year degree granting institutions not called Yale or Sarah Lawrence in the US. The cost to attended them is far less than 50 or 60k a year.

You can go to Florida State as a resident for under 100k for 4 years.

 

[Lesh]

There are over 3900 4 year degree granting institutions not called Yale or Sarah Lawrence in the US. The cost to attended them is far less than 50 or 60k a year.

You can go to Florida State as a resident for under 100k for 4 years.

So the best deal you can think of puts you in a $100K hole?

You're bragging about that?