Biden Bails Out Losers With Worthless College Degrees

[unsunghero]

Originally Posted by Homesteaded [You must be logged in to view images. Log in or Register.]

$10,000 student loan is similar to a vaccine how? Not like the Covid “vaccine” like a real vaccine that actually does what it should.

Terrible analogy.

I don’t think the medical syntax is important, the jist of it to me is a sarcastic “well I suffered so they should suffer too”

And I completely agree with that. They should suffer too

Because being responsible is suffering, having discipline is suffering, facing the consequences of our choices is suffering…just because something involves suffering, doesn’t mean it’s inherently bad for us

Also, it can be seen as unfair to many others

Also, it’s legal legitimacy still seems to be in question

The best counter-point seems to be finding another example of an “unfair” bailout

[Kaveh]

Originally Posted by w1zard [You must be logged in to view images. Log in or Register.]

this captures it well

It really doesn’t

Just because some embittered rednecks reflexively hate everything Brandon does, it doesn’t mean incentivizing grift is good for the long term health of the republic

Colleges invest in lazy rivers and football stadiums as they cut tenured professorial positions. You are being dunked on and don’t have the MENSA level IQ of a handsomillionaire like myself to see it

[MrSparkle001]

Just in time for the midterms huh.

$10k is nothing by the way. My car loan is many times that. But I guess if you're just out of college and still in your struggling phase that's a pretty decent amount of debt to lose. $20k is a decent amount.

Will it bring these young people to the polls this fall though? Nah.

What I want to see is more loan forgiveness for the poor schmucks that got suckered into those for-profit schools. They're carrying all kinds of debt and have nearly nothing to show for it with "degrees" that aren't worth a thing.

[Kich867]

Originally Posted by MrSparkle001 [You must be logged in to view images. Log in or Register.]

What I want to see is more loan forgiveness for the poor schmucks that got suckered into those for-profit schools. They're carrying all kinds of debt and have nearly nothing to show for it with "degrees" that aren't worth a thing.

Pretty sure that's already been happening for awhile now. Friend of mine went to one, not sure how much he got back or if all of it was forgiven or what but I don't think that college exists anymore.

In regards to reducing student loan debt, dope. I have a lot of it, the suspension of needing to pay it let me purchase a home and contribute significantly more to my local economy. I'm out here helping keep people employed, investing in my community, making sure blue collar workers have something to do.

Get wrecked nerds.

Every dollar that gets wiped from my student loans goes directly into the economy. Sounds like a win/win, wrap it up boys.

[Elizondo]

Originally Posted by Kich867 [You must be logged in to view images. Log in or Register.]

Pretty sure that's already been happening for awhile now. Friend of mine went to one, not sure how much he got back or if all of it was forgiven or what but I don't think that college exists anymore.

In regards to reducing student loan debt, dope. I have a lot of it, the suspension of needing to pay it let me purchase a home and contribute significantly more to my local economy. I'm out here helping keep people employed, investing in my community, making sure blue collar workers have something to do.

Get wrecked nerds.

Every dollar that gets wiped from my student loans goes directly into the economy. Sounds like a win/win, wrap it up boys.

You're just going into more debt

If you can't pay off your student loan obligations odds are you'll default on your home loan as well

[Kich867]

Originally Posted by Elizondo [You must be logged in to view images. Log in or Register.]

You're just going into more debt

If you can't pay off your student loan obligations odds are you'll default on your home loan as well

Sounds like you're an idiot, no worries, I'll elaborate:

Suspending student loan payments let me acquire the down payment of my home several years earlier than I had anticipated with how I planned out my finances, not that I couldn't ever afford a home.

Now that I own a home, I've set aside the money I would've set aside for my loans to hire contractors and purchase other things from local stores to help my local economy.

I've been told that our payments would restart several times, so I set aside money for that too, except it kept getting extended, which let me then reinvest that money into the economy further.

Thanks for playing.

[Rethalis]

Originally Posted by Kich867 [You must be logged in to view images. Log in or Register.]

Sounds like you're an idiot, no worries, I'll elaborate:

Suspending student loan payments let me acquire the down payment of my home several years earlier than I had anticipated with how I planned out my finances, not that I couldn't ever afford a home.

Now that I own a home, I've set aside the money I would've set aside for my loans to hire contractors and purchase other things from local stores to help my local economy.

I've been told that our payments would restart several times, so I set aside money for that too, except it kept getting extended, which let me then reinvest that money into the economy further.

Thanks for playing.

Kinda like our SSI money that gets re invested? They just keep deferring payments to us till a later age.

[Elizondo]

Originally Posted by Kich867 [You must be logged in to view images. Log in or Register.]

Sounds like you're an idiot, no worries, I'll elaborate:

Suspending student loan payments let me acquire the down payment of my home several years earlier than I had anticipated with how I planned out my finances, not that I couldn't ever afford a home.

Now that I own a home, I've set aside the money I would've set aside for my loans to hire contractors and purchase other things from local stores to help my local economy.

I've been told that our payments would restart several times, so I set aside money for that too, except it kept getting extended, which let me then reinvest that money into the economy further.

Thanks for playing.

You're just going into more debt and whatever money you "invest" into The Economy is being offset by taxpayers paying for your shirked responsibilities

Nobody is stopping you from paying off your student debt now instead of passing it off to responsible people who paid off theirs

You signed the loan agreement. Pay what you owe instead of making pathetic excuses.

[Danth]

Originally Posted by MrSparkle001 [You must be logged in to view images. Log in or Register.]

$10k is nothing by the way. My car loan is many times that.

You can discharge your car loan via existing bankruptcy law any time you like. A lot of student debt cannot be discharged via similar means. That's a large part of why this issue has become the issue it has; with no means of debt management we're otherwise gradually falling back to a form of 19th century debt slavery. The universities are bringing this on themselves by fighting bankruptcy law tooth and nail; had they been more reasonable the point would've been moot. I do not particularly like student debt forbearance or forgiveness in a perfect world, but it's turning into a sensible option in our corrupt far-from-perfect world.

Danth

[Mblake1981]

Originally Posted by Danth [You must be logged in to view images. Log in or Register.]

You can discharge your car loan via existing bankruptcy law any time you like. A lot of student debt cannot be discharged via similar means.

It could before the banks got heavily tied in with student loans, you could at one point declare bankruptcy and get out of your student loans. I knew two older folks who did it, right out of school Max purchased a cheap economy car then they both declared bankruptcy. They drove the new car while their credit was bad but they were debt free after 7 years.

College wasn't rammed down your throat as required for American life then but jobs were being sent overseas which mean the mills and plants were closing. That Tom Cruise movie about going to college instead of the mill, which were looked at as something of the past.
Edit: This is because Max and Sherry were exceptions to the rule. College just wasn't what it is now with how they have it setup.
"Higher Education" was an aspiration, not a standard for living.

TL/DR: The bank is going to get their money, up to including the police with deadly force.