Student loan forgiveness

[ASAPCarter]

You guys have any predictions on whether or not it’ll happen or not within the Biden administration’s term, if at all? I’ve been reluctant to take any loans out because I don’t wanna get sucked into that shit so I’ve just done whatever it takes to pay all my fees and tuition out of pocket so far. It would be pretty clutch if I were to take one out and end up not needing to pay it down the road though. Thoughts?

 

[r00kie]

I have loans and don't want the government to pay them for me. My debt is not the responsibilty of the public. Maybe before giving teenagers unlimited access to loans we teach them what a loan is and what future value is.

 

[ASAPCarter]

I have loans and don't want the government to pay them for me. My debt is not the responsibilty of the public. Maybe before giving teenagers unlimited access to loans we teach them what a loan is and what future value is.

You’re telling me if you were offered a life changing amount of money from the government, you wouldn’t accept it? You’re either lying to yourself or just plain stupid.

If we have all that money to spend on bombing the Middle East, I’m sure the government can figure something out.

 

[r00kie]

You’re telling me if you were offered a life changing amount of money from the government, you wouldn’t accept it? You’re either lying to yourself or just plain stupid.

If we have all that money to spend on bombing the Middle East, I’m sure the government can figure something out.

It's $15,000 that I consciously took on. The responsibility to pay that falls one me. Pretty simple concept. If only all my peers understood that.

 

[ASAPCarter]

It's $15,000 that I consciously took on. The responsibility to pay that falls one me. Pretty simple concept. If only all my peers understood that.

I understand that, and it’s fucked up how kids get sucked into such massive amounts of debt, when they wouldn’t be approved for the same amount of money if it was a business loan. All I’m saying is if the opportunity presents itself, I’m going to take full advantage.

 

[Tripleblacks]

It's $15,000 that I consciously took on. The responsibility to pay that falls one me. Pretty simple concept. If only all my peers understood that.

Good for you for being financially responsible! It is a good skill, but I have to sort of disagree. School has gotten CRAZY expensive, to the point where folks are no longer able to afford it. I think education could be a relatively cheap investment with HUGE returns. So I agree on being responsible for paying what you owe, but I kind of disagree with how inaccessible education is becoming.

 

[r00kie]

Good for you for being financially responsible! It is a good skill, but I have to sort of disagree. School has gotten CRAZY expensive, to the point where folks are no longer able to afford it. I think education could be a relatively cheap investment with HUGE returns. So I agree on being responsible for paying what you owe, but I kind of disagree with how inaccessible education is becoming.

Look at when the cost of college started to skyrocket. Its when the federal student loan program was started, flooding the market with cash. Take away the loan access and schools will have to lower costs significantly to maintain enrollment numbers.

 

[hdubs]

I don't want to pay for the retard who spend 60k a year to get an art degree. Just my 2 cents

 

[WoFIowz]

I'm going the PSLF route anyway so this $50k Biden keeps tossing around doesn't mean shit for me considering that won't even cover half my loans and I'll still be status quo. If they apply it to parent plus loans then sure I'll take it. I got $120k in my mom's name I'm paying off

 

[Tripleblacks]

Look at when the cost of college started to skyrocket. Its when the federal student loan program was started, flooding the market with cash. Take away the loan access and schools will have to lower costs significantly to maintain enrollment numbers.

That is a good point! Do you know what year this mess started? All I know was that in early 2000 college was somewhat affordable and I look at tuition prices now and they are insane.

I remember having a small student loan, similar to yours, and that really taught me about how debt works. So good for you!

 

[r00kie]

That is a good point! Do you know what year this mess started? All I know was that in early 2000 college was somewhat affordable and I look at tuition prices now and they are insane.

I remember having a small student loan, similar to yours, and that really taught me about how debt works. So good for you!

https://www.naspa.org/blog/federal-financial-aid-policy-then-now-and-in-the-future

Technically it was started in the 60s but reserved for low income students. Later on it was opened to middle income and moving into tue 90s and early 2000s more and more kept being offered. Once loans were opened up to more students and more became available costs of tuition started to soar.

**This post was edited on Apr 15th 2021 at 9:13:45pm

 

[elcheapo]

Op is on the right track, if you can get thru college without any debt, you'll be way ahead of the game, even if it takes an extra year or so.

 

[dolanslebensraum]

I think all these shit colleges should be the ones to pay off all these students loan debts.

the colleges can tap into their endowments which are huge if the college is good.

paying 60k a year to go to a college that doesnt have a big endowment is like paying 1 million dollars to have a heart transplant done by a surgeon who doesnt know what the fuck they are doing in a hospital in some shithole like italy.

 

[Casey]

I think all these shit colleges should be the ones to pay off all these students loan debts.

the colleges can tap into their endowments which are huge if the college is good.

paying 60k a year to go to a college that doesnt have a big endowment is like paying 1 million dollars to have a heart transplant done by a surgeon who doesnt know what the fuck they are doing in a hospital in some shithole like italy.

Agreed. If the masses get priced out of college what does the University have to do? LOWER THE PRICE... and right before that happens Uncle Sam steps in and says hey university’s don’t do that we will guarantee all these loans so middle class kids can pay rich kid prices and you can get fantastically wealthy in the process.

 

[Tripleblacks]

Agreed. If the masses get priced out of college what does the University have to do? LOWER THE PRICE... and right before that happens Uncle Sam steps in and says hey university’s don’t do that we will guarantee all these loans so middle class kids can pay rich kid prices and you can get fantastically wealthy in the process.

So I do not know the details, but you have some other odd factors at play. Most schools with big endowments can recruit faculty that can pull in big research dollars. I know a few folks that pull in many times their salary in overhead, so they basically make the university money. They can also buy out their teaching duties etc. On the other hand there are a lot of schools where the ¨professors¨ are more like teachers. I would think it would be hard to pull in grants when you are teaching something like a 9/2...

 

[dolanslebensraum]

Agreed. If the masses get priced out of college what does the University have to do? LOWER THE PRICE... and right before that happens Uncle Sam steps in and says hey university’s don’t do that we will guarantee all these loans so middle class kids can pay rich kid prices and you can get fantastically wealthy in the process.

Haha you know the hustle.

So I do not know the details, but you have some other odd factors at play. Most schools with big endowments can recruit faculty that can pull in big research dollars. I know a few folks that pull in many times their salary in overhead, so they basically make the university money. They can also buy out their teaching duties etc. On the other hand there are a lot of schools where the ¨professors¨ are more like teachers. I would think it would be hard to pull in grants when you are teaching something like a 9/2...

at princeton it was a mix of shit and caviar. Some classes had great professors who gave genocidally good lectures and other classes had professors who made the grad students teach everything and some of them spoke such shitty english it was hard to understand.

the best tenured professors take 2 yr sabbaticals and teach if they want to or if they dont they dont do shit and just mooch off their 200k/yr tenure salary. Im sure they are paying more now with inflation. Not bad when u get tenure at age 30 and you collect 1 mil every 5 yrs till you 90 yrs old. Thats 12 million dollars. Not bad. But getting tenure you have to be an unmitigated baller in your field.

But yeah some of the tenured profs were a bit prickly at princeton because they gave zero fucks about anything they didnt have to give fucks about. Some of them viewed their thesis advisees as a nuisance. Some were great tho. I remember my jr yr advisor was telling me all this random tangiential shit in my meeting with him. Its kind of cool how detached you get when your salary is guaranteed. if you didnt know any better you might think there was something wrong with him or that he was a collosal stoner. He was taking like 20 minutes on his computer trying to decide which seat he wanted on the plane for his upcoming trip while slowly talked about inuits getting higher on alcohol than any humans in history.

overall college is a joke tho.

Rosalind franklin is a stupid lab rat who could never have figured out dna, and her brainless lab work shouldnt have even been mentioned in watson and cricks book the double helix.

 

[Casey]

While I am on the subject here are my top reasons for opposing loan forgiveness:

it’s not actually forgiveness, it’s just the government stepping in and paying off the banks. Forgiveness implies the debt is just nullified and goes away, no. Banks still get paid.

College graduates, statistically speaking, will make far more money in their lifetimes than their non college educated counterparts. It seems dually unfair to ask non college educated taxpayers to subsidize tuition for people already slated to make more in the long term.

As I kind of went into before it sets up perverse incentives for universities to continue to jack up tuition rates even higher- I mean who gives a shit what things cost if you can go to the casino and take out a loan win lose or draw you never have to pay it back, sounds awesome I think I will go back to college forever and just kind of hang out, working sucks ass let me tell you.

This thread is a perfect example of unintended consequences, a lot of people that busted their ass off to pay as you go are left going why the fuck did I do that I could have not worked, spent frivolously and not given a fuck to be in the exact same position? Conversely how many people chose not to go to college because they couldn’t afford it? Now you’re asking them to pay for the irresponsible decisions of someone who did go to school?

Anyway I could do this all night but those are my tops

 

[ASAPCarter]

Look, when I made this thread I was mainly asking if you guys think it’ll happen or not, wasn’t asking for a debate on the morality of it, though that’s cool too I guess. Obviously the whole situation with the price of tuition and people getting thrown into debt is fucked; I didn’t think I needed to say that.

In other words, I’m coming to Newschoolers for financial advice/predictions about the future, because I’d feel like a huge idiot if I continue paying out of pocket each quarter and then Biden forgives everyone’s loans as soon as I graduate. If it happens and I end up benefiting, I’m not gonna refuse the forgiveness money to fulfill some kinda superiority complex. It’s just x fewer dollars I gotta spend on this expensive piece of paper.

 

[Tripleblacks]

I’m coming to Newschoolers for financial advice/predictions about the future, because I’d feel like a huge idiot if I continue paying out of pocket each quarter and then Biden forgives everyone’s loans as soon as I graduate.

Uhm... you came to NS to get financial advice?I have no suggestions, but definitely do not come to a ski website for financial advice... Figuring out the various tuition help is a cluster fuck.... Man good luck!

 

[ASAPCarter]

Uhm... you came to NS to get financial advice?I have no suggestions, but definitely do not come to a ski website for financial advice... Figuring out the various tuition help is a cluster fuck.... Man good luck!

Yeah, financial advisors are expensive, so I figured the next best thing would be to ask a bunch of 15 year olds and bums on a skiing website for help making $50,000 decisions that could impact the rest of my life. What’s wrong with that??

 

[r00kie]

If you're asking for advice here is mine: don't make decisions based on what a politicion said they might do. Until legislation is passed make your decisions based on the current system.

 

[zues]

You’re telling me if you were offered a life changing amount of money from the government, you wouldn’t accept it? You’re either lying to yourself or just plain stupid.

If we have all that money to spend on bombing the Middle East, I’m sure the government can figure something out.

Yea. Force the gov to pay your BS liberal arts degree and add another few trillion the national debt. Who cares right? Money is FREE.

Typical American logic.

 

[zues]

You really think the rich people who had to pay to go there want their donations going to random kid's "Free education". I'm going to guess no. That money is used to improve the quality of the school. Anything "Free" is never good quality.

I think all these shit colleges should be the ones to pay off all these students loan debts.

the colleges can tap into their endowments which are huge if the college is good.

paying 60k a year to go to a college that doesnt have a big endowment is like paying 1 million dollars to have a heart transplant done by a surgeon who doesnt know what the fuck they are doing in a hospital in some shithole like italy.

 

[T.L.]

Millions of spoiled middle class kids finding out the hard way that their degree in thirsty thursdays is as valuable as dog shit is not my problem.

I'd support seizing all universities endowment funds and using that to pay down doctors and engineers loans.

 

[Charlie_Kelly]

With the way things are going, I think it may pass (firmly against). Seems like the Democrats are slated to get away with anything they want these next 4 years as the country shit-spirals down the shit-drain.

**This post was edited on Apr 16th 2021 at 10:15:00am

 

[SWRTOFFICIAL]

nahhh, Biden aint going to do shit (unfortunately)

 

[Session]

Here's the thing. If you take on massive student debt without a path for massive income, you're a moron. College is affordable. But some people want that "college experience". Fine, but you need to bear the cost of that over a community college.

I had this discussion with my daughter who wanted to go to school in Corvallis. I explained to her the path she was looking to go down Vs. the cost of an education at a large university was lopsided. She would be paying back the debt for the rest of her life likely. And that we could not afford to send her ourselves, but were more than happy to pay for the entirety of her education at PCC as well as obviously house her.

In the end she made the smart choice.

 

[qazwsxedc34]

I don't think he will but anyone telling you the retarded narrative that "people shouldn't have their loans forgiven because I worked to pay mine off" or even worse "they are going to do it through our taxes, so screw the handouts", I hear the latter a lot, does not understand the insumoutable debt and economic burden this causes on the generations to come and that US corp is a self-funding corporation. It isn't coming from your taxes.

Let's do a Jubilee but not just for Jews but for all. Every 7 years debt is forgiven. Solon knew.

 

[SuspiciousFish]

I think they need to do a middle road, something like you pay 0% interest if you agree to a set payment plan and stick to it. All in all the whole program is a disaster and really screwed over a generation.

 

[Casey]

I think they need to do a middle road, something like you pay 0% interest if you agree to a set payment plan and stick to it. All in all the whole program is a disaster and really screwed over a generation.

There are certainly problems that should be adressed, especially on the private side - which was way more predatory. I like the idea that X years of public service can be tied to loan forgiveness- it makes no sense to me that my wife is still paying 6 percent interest on her student loan when we just refinanced our house at 2.5 percent fixed. There’s a lot of good ideas out there to make things more fair, I would personally push for more of a concrete requirement that certain programs are better bets to lend on than others- that would push universities to better prepare their students for the work force as well and get them earning money in the end, which is kind of the only way the entire thing works.

 

[Tripleblacks]

Yeah, financial advisors are expensive.

Do colleges no longer give financial advice? I have been out of school for a while, so I actually do not know. I remember them actually really clearly spelling things out... They now want you to pay for it? Ugh... I remember when I was going for a certain degree, they told me my financial pay would be less because of it... I did not care because I really enjoy the field, but they did advise me...

**This post was edited on Apr 17th 2021 at 10:12:09pm

 

[gorbdawggybrent]

if you take on a loan it’s YOUR responsibility

you shouldn’t want everyone else to pay for your shit

 

[ASAPCarter]

Do colleges no longer give financial advice? I have been out of school for a while, so I actually do not know. I remember them actually really clearly spelling things out... They now want you to pay for it? Ugh... I remember when I was going for a certain degree, they told me my financial pay would be less because of it... I did not care because I really enjoy the field, but they did advise me...

**This post was edited on Apr 17th 2021 at 10:12:09pm

Their financial advice to me was “give us more money.” I randomly got a bill for 26k recently on top of my tuition for this quarter, which had been paid in full at the start of the month. I’ve called several times and sent numerous emails, and instead of giving me an explanation, they added another $100 and dropped me from my classes on Thursday.

Not really sure where I was going with this, but the moral of the story is they love to nickel and dime me for everything, they still owe me a large amount of cash from fall 2020 in scholarships and grants, and I certainly haven’t received any help saving money. If it weren’t for commercial fishing and doordash, I’d be royally fucked. Hopefully I can make it all the way through without loans since I’ve made it this far.

 

[zues]

I don't think he will but anyone telling you the retarded narrative that "people shouldn't have their loans forgiven because I worked to pay mine off" or even worse "they are going to do it through our taxes, so screw the handouts", I hear the latter a lot, does not understand the insumoutable debt and economic burden this causes on the generations to come and that US corp is a self-funding corporation. It isn't coming from your taxes.

Let's do a Jubilee but not just for Jews but for all. Every 7 years debt is forgiven. Solon knew.

The fuck you talking about dude. I seear

to go. You’re always high on meth with the 8 page garbage responses you write.

I paid mine off. So yea fuck you. What? You just don’t want to pay yours off and have Uncle Sam do it for you?

so now you want the fiscally irresponsible government to pay off your fiscally irresponsible ass? Instead of them paying off their trillions of debt to China ?

“they’re a self funded corporation”

wrong. corporations can’t print their own money dumb ass.

and shut the fuck up about the Jews dude

 

[Tripleblacks]

Their financial advice to me was “give us more money.” I randomly got a bill for 26k recently on top of my tuition for this quarter, which had been paid in full at the start of the month. I’ve called several times and sent numerous emails, and instead of giving me an explanation, they added another $100 and dropped me from my classes on Thursday.

Not really sure where I was going with this, but the moral of the story is they love to nickel and dime me for everything, they still owe me a large amount of cash from fall 2020 in scholarships and grants, and I certainly haven’t received any help saving money. If it weren’t for commercial fishing and doordash, I’d be royally fucked. Hopefully I can make it all the way through without loans since I’ve made it this far.

Man, that sounds awful. I am gutted for you, it is not nickle and dime when it is 100 bucks. Like this is really shitty... I remember when I was in college you had to purchase lots of crappy expensive textbooks, but that was about it. Nah, this is definitely not right.

If you are making it through without loans, then good for you. Really shitty that you have to doordash to get through college.I wish you the best on all this. Definitely try to avoid the loans they are no good.

 

[Chunderface]

I have loans and don't want the government to pay them for me. My debt is not the responsibilty of the public. Maybe before giving teenagers unlimited access to loans we teach them what a loan is and what future value is.

Holy shit this. I actually turned down grants as an undergrad because I wanted to earn everything on my own. I never wanted a handout. I took loans and said thank you very much for this, I will pay you back for giving me this opportunity. And I'm still, many years into my career, happily doing that. Student loan debt forgiveness is such a joke. You're basically saying you were too irresponsible to manage what you were doing, and now you want hard working taxpayers to foot the bill for your bullshit decisions.

 

[qazwsxedc34]

Holy shit this. I actually turned down grants as an undergrad because I wanted to earn everything on my own. I never wanted a handout. I took loans and said thank you very much for this, I will pay you back for giving me this opportunity. And I'm still, many years into my career, happily doing that. Student loan debt forgiveness is such a joke. You're basically saying you were too irresponsible to manage what you were doing, and now you want hard working taxpayers to foot the bill for your bullshit decisions.

If we were taught compound interest in high school, certainly concerning loans, many times going into the hands of scum; for example my college loan magically was owned by a guy from Nebraska who flaunts the Cofederate flag and makes his income by interest alone. I don't how my school gave it to him but his small company owned my debt.

I have a secret for anyone who wants to get out of paying your loan. First, call your creditor, ask them to work the principal or however much you owe to him in work such as yard work, etc., if they refuse, then the contract is obsolete but even better, tell them that you are going to pay in legal tender specie or fiat, if they refuse and want everything digital, then contract is void and obsolete. No need to pay.

Also, skiierman. NOBODY IS PAYING ANOTHER PERSONS DEBT JUBILEE IN TAXES. The US is a self-funding corporation. Some families waited 400 years to get their pie in holding the bonds of US and company. Instead, rich elitists get bailed out time and time again, get almost 0% loans and use you taxpayer however they like... but yeah, let's not forgive debts because it will make your ego feel better. Remember, it isn't about you and it doesn't come out of your taxes.

 

[zues]

Also, skiierman. NOBODY IS PAYING ANOTHER PERSONS DEBT JUBILEE IN TAXES. The US is a self-funding corporation. Some families waited 400 years to get their pie in holding the bonds of US and company. Instead, rich elitists get bailed out time and time again, get almost 0% loans and use you taxpayer however they like... but yeah, let's not forgive debts because it will make your ego feel better. Remember, it isn't about you and it doesn't come out of your taxes.

You keep saying this but after personally working for multiple corporations I can assure you that end goal of a corporation is to make as much money as possible. This is literally the opposite of what the us government does. If a corporation went into debt every year it wouldn’t still exist.

 

[TOAST.]

Definitely not in favor of student loan forgiveness. 0% interest on outstanding loans I think I'd be okay with.

Too many dumb fucks took out huge loans for "the college" experience.

I do think moving forward we need to change things to actually make colleges more affordable, but loan forgiveness is too unfair to people that chose not to go to college because they couldn't afford it.

I think that college tuition should be free while attending and then they get a certain percent of your income for a certain number of years after you graduate is a good idea. It would force colleges to actually care and help people find quality jobs after they graduate. I'm sure there would be downsides of this.

All that being said, if loan forgiveness is offered I will take advantage of it, but I hope it's not.

 

[freestyler540]

While I am on the subject here are my top reasons for opposing loan forgiveness:

it’s not actually forgiveness, it’s just the government stepping in and paying off the banks. Forgiveness implies the debt is just nullified and goes away, no. Banks still get paid.

College graduates, statistically speaking, will make far more money in their lifetimes than their non college educated counterparts. It seems dually unfair to ask non college educated taxpayers to subsidize tuition for people already slated to make more in the long term.

As I kind of went into before it sets up perverse incentives for universities to continue to jack up tuition rates even higher- I mean who gives a shit what things cost if you can go to the casino and take out a loan win lose or draw you never have to pay it back, sounds awesome I think I will go back to college forever and just kind of hang out, working sucks ass let me tell you.

This thread is a perfect example of unintended consequences, a lot of people that busted their ass off to pay as you go are left going why the fuck did I do that I could have not worked, spent frivolously and not given a fuck to be in the exact same position? Conversely how many people chose not to go to college because they couldn’t afford it? Now you’re asking them to pay for the irresponsible decisions of someone who did go to school?

Anyway I could do this all night but those are my tops

Ya hit the nail on the head on that one for opposition.

Debt relief from student load actually good for everyone, even if it doesnt concern you.

1. It increases the country gdp

Having a huge percentage of the population holds serious debt strangles the economy by having less disposable income. When you have less than 10% of your income thats left at the end of the month, you cant afford to spend on small businesses. The only people that collect your income will be the bank, landlords and grocery store. Not much is left for anything else. Relieving that debt allows more people to have more income to spend on leasure, hence more currency exchange and better economy.

2. It will make more people live better, happier lives.

You think people love debt? Of course not. Anxiety, depression and suicidal thoughts are constant with people burried by debt. Relieving people from student debt will help people afford recreation, give time off to enjoy life and not having to worry if they can afford food and a roof under your head for this month. A happier population is also a much more productive one.

3. Debt free families have a better chance at success.

We all praise the american dream, but what if you cant afford it? Well go to school and train for a job. No money? Well I hope that 8$/h will feed a family, roof them and clothe them. If all that is a budget of 1600$ a month, you going to work 250hrs this month to support them (include taxes), that 9hrs everyday, 7days a week for 20 years.

So far, no one on NS does that.

4. You will have a more educated population.

Education is the backbone of economy. Having a well trained population, they will be able to have a higher efficiency output. They will be able to change careers quickly and be able to pick up the job quickly. Educated people make better decisions on healthy living, family importance and finances.

5. Provides the poor with better opportunity and to be less a “drag” on society.

Now money will not be a barrier to climb the social structure. It will be possible for people with potential, who came out of the wrong family, break the cycle and get a degree that will benifit everyone.

So, even if I botched this post, I hope you can see how much better things will be when people are loaded with debt. I was lucky, my grandparents put money aside for tuition, but had 3 kids to get through college ( I was the cheapest with 45,000$, big sister racked up 70,000$ on her first psych degree, then turned to pharmacy what was another 120,000$ and little brother that dropped out every course which was about 20,000$ wasted). And this is Canada!

So being rich is so much cheaper than being poor...

 

[Casey]

Ya hit the nail on the head on that one for opposition.

Debt relief from student load actually good for everyone, even if it doesnt concern you.

1. It increases the country gdp

Having a huge percentage of the population holds serious debt strangles the economy by having less disposable income. When you have less than 10% of your income thats left at the end of the month, you cant afford to spend on small businesses. The only people that collect your income will be the bank, landlords and grocery store. Not much is left for anything else. Relieving that debt allows more people to have more income to spend on leasure, hence more currency exchange and better economy.

2. It will make more people live better, happier lives.

You think people love debt? Of course not. Anxiety, depression and suicidal thoughts are constant with people burried by debt. Relieving people from student debt will help people afford recreation, give time off to enjoy life and not having to worry if they can afford food and a roof under your head for this month. A happier population is also a much more productive one.

3. Debt free families have a better chance at success.

We all praise the american dream, but what if you cant afford it? Well go to school and train for a job. No money? Well I hope that 8$/h will feed a family, roof them and clothe them. If all that is a budget of 1600$ a month, you going to work 250hrs this month to support them (include taxes), that 9hrs everyday, 7days a week for 20 years.

So far, no one on NS does that.

4. You will have a more educated population.

Education is the backbone of economy. Having a well trained population, they will be able to have a higher efficiency output. They will be able to change careers quickly and be able to pick up the job quickly. Educated people make better decisions on healthy living, family importance and finances.

5. Provides the poor with better opportunity and to be less a “drag” on society.

Now money will not be a barrier to climb the social structure. It will be possible for people with potential, who came out of the wrong family, break the cycle and get a degree that will benifit everyone.

So, even if I botched this post, I hope you can see how much better things will be when people are loaded with debt. I was lucky, my grandparents put money aside for tuition, but had 3 kids to get through college ( I was the cheapest with 45,000$, big sister racked up 70,000$ on her first psych degree, then turned to pharmacy what was another 120,000$ and little brother that dropped out every course which was about 20,000$ wasted). And this is Canada!

So being rich is so much cheaper than being poor...

I guess I would just say in so far as there is public utility in debt forgiveness, I am not totally opposed. I kind of touched on that briefly in the other post I made in this thread that there seems to be a lot of things that the US could be doing about that we haven’t even tried yet, ie refinancing- low interest loans, forgiveness with strings attached that are tied to public benefit. I think if you took everyone with student debt and lined them up, you could say ok let’s look at the 10-25 percent of people that got screwed the hardest and deal with these

problems first and see where that gets us.

The whole hog approach, in my view, would just give way too much money to people that don’t really need it. If you believe school should be free, fair enough, but you don’t get there by strong arming a bunch of loan payments down people’s throats on the back end and then get to say whelp problem solved. Are we just going to write multi trillion dollar checks every ten years for the current and future students? The ideas being floated in American politics today are just kind of half baked to be honest, no one is talking about thoughtful, strategic comprehensive reform it is just crying out for free money.

 

[qazwsxedc34]

The fuck you talking about dude. I seear

to go. You’re always high on meth with the 8 page garbage responses you write.

Everything you just wrote is blatantly false but what can I expect coming from a ignorant Drumpf supporter such as yourself.

Decent quote that is truer than anything you posted:

>>>In a self-funding corporation such as U.S. Inc., they have to act like they can't pay for that stuff. Because if you started demanding the same handouts as Raytheon, Walmart or DARPA/Lockheed who kickback to congressman grifters, who would fight the company colony wars? YOUR FUCKING TAXES don't pay for anything in a self-funding corporation. It never did. That was never the intended design. Short version (though Mandell is off on parts):

https://www.youtube.com/watch?t=5m40s&v=7ccvE2be0d8

https://pbs.twimg.com/media/DVaurmoWsAAQwMi?format=jpg&name=small

Secondly, I'm not ranting about Jews, you ignoramus, I'm writing about lobby corporations and Zionists which has nothing to do with Jewry, Christianity or any other religious belief, despite what Drumpf says.

What did happen, however, was a bunch of persons, all kinds of beliefs, ditched Judaism as a religion and made it a race for better colony productive capacity—sounds like Hitler 101—just search: Basel and Zionist Congresses (1890's). Drump's Zionism is exactly what hurts Jews and endangers them. So, fuck off.

Also, I can talk about a corporation all I want. Israel LLC is a corporation just like the US is. But in the former case, it is merely a bankers company colony, foreign to the United States, which I explained elsewhere in Article 1 section 9 clause 8 makes a Zionist holding public office ILLEGAL. Hence, Trump, Biden, nearly everyone in congress must be expelled from public office. The more you know... or not.

Your 2nd sentence is an ad hominem, so you already discredited your own argument. The funny thing is not many care to debunk my responses let alone write anything in a calm, non-idiotic manner; instead, rarely they, but commonly you, just spew ad hominems like it is your job. Ignorance is bliss coming from a ignoramus, which is what you are.

It is also great that you paid off your debt but you're not understanding that many have already payed off the principal but now have to pay usurious interest on top of that in this naturalistic mammon society.

>>>I paid mine off. So yea fuck you.

See, there's your ego getting the best of you. Most people with these loans cannot get "bailed out" or have them forgiven despite working 24/7. The next faze is a "bail-in" and nobody would care. But again, your TAXES DON'T PAY FOR THE STUDENT LOAN DEBT. Really what you are mad at is you're pro-usury and don't want others to find relief in a jubilee that was a common event in history.

Let's say you have debt, you get sick, have a chronic condition... well, your life is over. "Fuck them" you'll say. "Fuck them," but who cares about the multi-national corporations that bear no liability and get bailed out with taxpayer money, or, those libertardians that evade taxes, thus stealing from those who voluntarily contracted with US corp for welfare and privileges, whilst they still retain all Us corp privileges. Scumbags.

And what about China? I don't remember owing them debt? Bolton blamed China for helping Zion Don win the election, I believe Bolton. Just kidding, he's a scumbag too. Good thing we have Ronan Farrow to expose Drumpf's ties to the Russian mob, China bankers, through nominee accounts; Mossad (Epstein & Zionists), et al. Netanyahu gloated over US election interference, Drumpf gave him the key to the Whitehouse, Putin makes a funny joke about it. China has spies everywhere. CIA/FBI allowed PsyGroup and Israel's Black Cube to operate on US soil. My question to you is: where's my $38 billion over the next 10 years, Israel? It's okay, because you'll be voting for Zion Don come 2024 so the figure will likely grow exponentially at the expense of your labor.

https://pbs.twimg.com/media/EQpS1qfXsAAZfs7?format=png&name=small

Also, the US IS A QUASI public, private corporate which is self-funding... we can print money, sorry, credit, when we decide it’s a priority. That almost always happens when Republicans are in charge. It's self-funding and always has been but everyone is too ignorant and nobody knows basic history stuff. An imaginary corporation such as US corp, that doesn't exist, printing money that is credit/debit entries in bocland ledger dominium can never collapse, go broke or fail!!! It's a self-funding corporation off YOU NAME on their account books.

Do you get it:

https://pbs.twimg.com/media/Db4FwnrUQAAk7H9?format=jpg&name=small

https://pbs.twimg.com/media/Db4GB-fU8AAmQv2?format=jpg&name=900x900

https://pbs.twimg.com/media/DVaynToWAAEDYlP?format=jpg&name=small

https://pbs.twimg.com/media/DVayy1UW4AAgSx2?format=jpg&name=small

https://pbs.twimg.com/media/DVay3HWW4AAcv8G?format=jpg&name=small

Michael Hudson on debt forgiveness: https://t.co/kh1Y6YDhwC?

Learning about Mesopotamian trade, banking, accounting—everyone could use a Clean Slate—is sort of like acknowledging that those super evil devil worshipping heathen Babylonians the Zionists like to call, regularly forgave debts to keep order and a balanced society. In corporate America, debt ruleth youse! But in the panopticon, the rich rules the poor... so 'if your taxes pay for the forgiveness of another's debt' (they don't) then talk about term limits for all members of Congress and SCOTUS; increasing taxes for megacorps, passing legislation which prohibits members of corporations from using off-shore tax havens to evade taxes, ban all corporate donations including RNC and DNC to and support of candidates; corporations must also pay taxes to the FED and the State.

Of course, Biden doesn't have the unilateral power to enact such debt forgiveness, only Congress could kill FEDERAL debts.

But without these changes what will remain is the scrooge of private corporations evading taxes like there's no tomorrow, sheltering profits off-shore in foreign states and somehow emoluments do not trigger when those same private corporations donate campaign funds for Presidents members of the grifting millionaire Congress of the US incorporated. If forgiveness were to happen I'd assume there would be a catch such that would involve human capital markets.

https://pbs.twimg.com/media/EzJYXLuVIAA5bpF?format=jpg&name=large

 

[qazwsxedc34]

The whole hog approach, in my view, would just give way too much money to people that don’t really need it.

Then focus on those who do need it. Not hard to comprehend.

 

[qazwsxedc34]

You keep saying this but after personally working for multiple corporations I can assure you that end goal of a corporation is to make as much money as possible. This is literally the opposite of what the us government does. If a corporation went into debt every year it wouldn’t still exist.

I'm a member of Us corp in a limited liability capacity you are too. The US is a little different than a for-profit private coeporation. It is a voluntary quasi public/private corporation. Why did the US charter the FED and why do people have to pay back interest on the credit loaned to US corp which is entirely in their charter to end? Inwould say it's were a panopticon scheme than anything else.

Now a corporation in debt would exist if it's a corporation that cannot be indebted to itself... I gave examples above illustrating that the US is indeed a corporation. That is why the deficit is one big lie.

 

[zues]

Everything you just wrote is blatantly false but what can I expect coming from a ignorant Drumpf supporter such as yourself.

Decent quote that is truer than anything you posted:

>>>In a self-funding corporation such as U.S. Inc., they have to act like they can't pay for that stuff. Because if you started demanding the same handouts as Raytheon, Walmart or DARPA/Lockheed who kickback to congressman grifters, who would fight the company colony wars? YOUR FUCKING TAXES don't pay for anything in a self-funding corporation. It never did. That was never the intended design. Short version (though Mandell is off on parts):

https://www.youtube.com/watch?t=5m40s&v=7ccvE2be0d8

https://pbs.twimg.com/media/DVaurmoWsAAQwMi?format=jpg&name=small

Secondly, I'm not ranting about Jews, you ignoramus, I'm writing about lobby corporations and Zionists which has nothing to do with Jewry, Christianity or any other religious belief, despite what Drumpf says.

What did happen, however, was a bunch of persons, all kinds of beliefs, ditched Judaism as a religion and made it a race for better colony productive capacity—sounds like Hitler 101—just search: Basel and Zionist Congresses (1890's). Drump's Zionism is exactly what hurts Jews and endangers them. So, fuck off.

Also, I can talk about a corporation all I want. Israel LLC is a corporation just like the US is. But in the former case, it is merely a bankers company colony, foreign to the United States, which I explained elsewhere in Article 1 section 9 clause 8 makes a Zionist holding public office ILLEGAL. Hence, Trump, Biden, nearly everyone in congress must be expelled from public office. The more you know... or not.

Your 2nd sentence is an ad hominem, so you already discredited your own argument. The funny thing is not many care to debunk my responses let alone write anything in a calm, non-idiotic manner; instead, rarely they, but commonly you, just spew ad hominems like it is your job. Ignorance is bliss coming from a ignoramus, which is what you are.

It is also great that you paid off your debt but you're not understanding that many have already payed off the principal but now have to pay usurious interest on top of that in this naturalistic mammon society.

>>>I paid mine off. So yea fuck you.

See, there's your ego getting the best of you. Most people with these loans cannot get "bailed out" or have them forgiven despite working 24/7. The next faze is a "bail-in" and nobody would care. But again, your TAXES DON'T PAY FOR THE STUDENT LOAN DEBT. Really what you are mad at is you're pro-usury and don't want others to find relief in a jubilee that was a common event in history.

Let's say you have debt, you get sick, have a chronic condition... well, your life is over. "Fuck them" you'll say. "Fuck them," but who cares about the multi-national corporations that bear no liability and get bailed out with taxpayer money, or, those libertardians that evade taxes, thus stealing from those who voluntarily contracted with US corp for welfare and privileges, whilst they still retain all Us corp privileges. Scumbags.

And what about China? I don't remember owing them debt? Bolton blamed China for helping Zion Don win the election, I believe Bolton. Just kidding, he's a scumbag too. Good thing we have Ronan Farrow to expose Drumpf's ties to the Russian mob, China bankers, through nominee accounts; Mossad (Epstein & Zionists), et al. Netanyahu gloated over US election interference, Drumpf gave him the key to the Whitehouse, Putin makes a funny joke about it. China has spies everywhere. CIA/FBI allowed PsyGroup and Israel's Black Cube to operate on US soil. My question to you is: where's my $38 billion over the next 10 years, Israel? It's okay, because you'll be voting for Zion Don come 2024 so the figure will likely grow exponentially at the expense of your labor.

https://pbs.twimg.com/media/EQpS1qfXsAAZfs7?format=png&name=small

Also, the US IS A QUASI public, private corporate which is self-funding... we can print money, sorry, credit, when we decide it’s a priority. That almost always happens when Republicans are in charge. It's self-funding and always has been but everyone is too ignorant and nobody knows basic history stuff. An imaginary corporation such as US corp, that doesn't exist, printing money that is credit/debit entries in bocland ledger dominium can never collapse, go broke or fail!!! It's a self-funding corporation off YOU NAME on their account books.

Do you get it:

https://pbs.twimg.com/media/Db4FwnrUQAAk7H9?format=jpg&name=small

https://pbs.twimg.com/media/Db4GB-fU8AAmQv2?format=jpg&name=900x900

https://pbs.twimg.com/media/DVaynToWAAEDYlP?format=jpg&name=small

https://pbs.twimg.com/media/DVayy1UW4AAgSx2?format=jpg&name=small

https://pbs.twimg.com/media/DVay3HWW4AAcv8G?format=jpg&name=small

Michael Hudson on debt forgiveness: https://t.co/kh1Y6YDhwC?

Learning about Mesopotamian trade, banking, accounting—everyone could use a Clean Slate—is sort of like acknowledging that those super evil devil worshipping heathen Babylonians the Zionists like to call, regularly forgave debts to keep order and a balanced society. In corporate America, debt ruleth youse! But in the panopticon, the rich rules the poor... so 'if your taxes pay for the forgiveness of another's debt' (they don't) then talk about term limits for all members of Congress and SCOTUS; increasing taxes for megacorps, passing legislation which prohibits members of corporations from using off-shore tax havens to evade taxes, ban all corporate donations including RNC and DNC to and support of candidates; corporations must also pay taxes to the FED and the State.

Of course, Biden doesn't have the unilateral power to enact such debt forgiveness, only Congress could kill FEDERAL debts.

But without these changes what will remain is the scrooge of private corporations evading taxes like there's no tomorrow, sheltering profits off-shore in foreign states and somehow emoluments do not trigger when those same private corporations donate campaign funds for Presidents members of the grifting millionaire Congress of the US incorporated. If forgiveness were to happen I'd assume there would be a catch such that would involve human capital markets.

https://pbs.twimg.com/media/EzJYXLuVIAA5bpF?format=jpg&name=large

Meth must be good for writing papers.

 

[qazwsxedc34]

Meth must be good for writing papers.

Oh look he's trying to think

**This post was edited on Apr 18th 2021 at 7:53:44pm

 

[gorbdawggybrent]

if you think you’ll need the gov to pay off a loan, don’t take it

 

[zues]

Oh look he's trying to think

**This post was edited on Apr 18th 2021 at 7:53:44pm

I just find it hilarious that when talking about American government, the Jews, israelis, and now Sumerians are involved. Because your connect the dots picture turns into a Picasso painting drawn by a 6 year old.

 

[zues]

Oh look he's trying to think

**This post was edited on Apr 18th 2021 at 7:53:44pm

It’s hard to make sense of meth rants. But what you said here

“It is also great that you paid off your debt but you're not understanding that many have already payed off the principal but now have to pay usurious interest on top of that in this naturalistic mammon society.”

are you saying that you think federal loans allow you to pay off principal first? Have you ever taken a loan or a mortgage before Dude? I mean are you some boom smart nerd with no real work knowledge? Your payment always goes towards interest first then the remaining amount you pay forward hits principle. This can be negated in items such as balloon payments. But those are almost commercial.

 

[qazwsxedc34]

It’s hard to make sense of meth rants. But what you said here

“It is also great that you paid off your debt but you're not understanding that many have already payed off the principal but now have to pay usurious interest on top of that in this naturalistic mammon society.”

are you saying that you think federal loans allow you to pay off principal first? Have you ever taken a loan or a mortgage before Dude? I mean are you some boom smart nerd with no real work knowledge? Your payment always goes towards interest first then the remaining amount you pay forward hits principle. This can be negated in items such as balloon payments. But those are almost commercial.

All beside the point. Principal reached or not. I'm not going to reason with someone who calls me a meth head when they don't even understand the basic history of the United States and how it was chartered as a self-funding corporation which cannot be in debt to itself. Again, this is about forgiving debt that was simply created by the bank on your account. History has ahown that debt jubilees restore economies if they can get people out of the burden of unpayable debt payments. Please watch the video I posted above of Mandell.

 

[zues]

All beside the point. Principal reached or not. I'm not going to reason with someone who calls me a meth head when they don't even understand the basic history of the United States and how it was chartered as a self-funding corporation which cannot be in debt to itself. Again, this is about forgiving debt that was simply created by the bank on your account. History has ahown that debt jubilees restore economies if they can get people out of the burden of unpayable debt payments. Please watch the video I posted above of Mandell.

Dude but you’re literally 100% wrong about the entire fucking topic of the thread. If you look at it again after your speedball you’ll notice it’s about borrowing money at an interest rate and then paying it back.

you can’t pay off your principle before you pay off the interest. Literally not a single loan works that way.

And now I’m supposed to believe you about some Jews and Sumerians and “self funded corporations”

bahahah youre so full of shit it’s almost comical.

Thank god Jewish Sumerian history has nothing to do with paying off a simple loan bro.

read the thread title.

I like mushrooms too but I actually have a CPA and might have some tax advice I can help you with if you ever break out of LALA land and join society.

I can probably use some of your Monopoly money to buy you some super nice property on the boardwalk with insanely high rates of return From there maybe we can even invest in a hotel.

stay out of threads about real topics dude.