Then: A promise to cancel the debt.
Now: A proposal for slightly less odious repayment plans. The chuds are probably going to make sure it never happens.
Promises kept!
Not much to say except: you voted for a GOP majority in the House of Representatives. You have no one to blame but yourself.
Canceling student loan debt does not require a Dem majority in the House. Biden has the ability, right now, this very second, to cancel all of the debt. Let that sink in. Biden has the power to cancel the debt and hasn’t. I’ll say that one more time so it’s clear to you. Joe Biden can cancel all of the student loan debt today and won’t. Do you understand that? He can, and won’t.
As if it makes a difference. We’ve had a D super majority in California for fucking years with little to show for it. I mean we have like the world’s fifth of sixth largest economy, the means to make life changing improvements in the material conditions for fucking millions of people, yet we can’t even get a working high speed rail system online, among many, many other things, including shit that is right on the Democratic Party platform. Universal health care? Go fuck yourself. Free community college? Go fuck yourself. Student debt forgiveness? Go fuck yourself.
I didn’t vote for anyone, I’m a monarchist
USA should just admit it’s a failed experiment and accept king William III as it’s rightful ruler
Ahahaha you really think they voted for republicans? This is a communist website you dingus. We hate Biden because he’s just as bad as Trump.
I’ve personally voted for biden 5 times, just because I wanted to get that dang Cheeto out - And I’m not even an American!
Riddle me this: the president is a dem, but shit happening is somehow still not his fault
It’s wild that every failure by the Democratic Party is considered a failure of its voters. Didn’t Trump already do student loan forgiveness for certain Veterans, which proves that the President is in fact capable of removing student loans from people in a legal way? Also, Biden can, under already existing legal frameworks, litterally order drone strikes on american citizens, so I really fucking doubt that Biden is suddenly incapable of saying "I’m removing all student loans from borrowers by the power vested in me by virtue of the US Air Force.
After spending so much time and effort to make them impossible to discharge through bankruptcy? Why would Biden do that?
Hey kids did you know that bankruptcy only lasts 7 years?
If you’re under the age of 50 and you’re not exploiting this loophole for FREE MONEY FROM THE BANKS to pay off your student loans then you’re a sucker.
- Get a good enough credit score to get several high value credit cards.
- Stop spending your money and start directing your money to student loans (because they aren’t typically discharged under bankruptcy because the system is RIGGED against you)
- Pay off one card with another card. Let that balance balloon. Maybe even get some free flights from the points for a cheap holiday.
- At the age of 25-30 you’ve probably reached the point where the walls start closing in. Turn off your phone and file for bankruptcy.
- Once you achieve bankruptcy and you’ve hopefully paid off most of your student loans by directing your cash there and living off of credit cards, NOW IT’S EUROPE TIME BABY.
- After 7 years living in Spain, Greece, Berlin, or France you’ve grown as a person, you’ve probably learned a new language and a new appreciation for architecture and art, maybe you’ve also met the love of your life. Whatever who gives a fuck now your credit card debt is gone baby. You beat the system.
This sweet plan seems to include a lot of being approved for masses of credit and hoping you can pay off your un-write-offable loans (there are an upsetting number of ways debts can’t be written off). But if anyone can go bankrupt and fuck over their debtees, please do.
Some people can get more into debt than others this is true, but the key point is that you should load up on as much debt as possible because that’s fucking FREE MONEY all you have to do is not need any debt for 7 years.
Do you want to join a commune? Rack up that debt first.
Do you want to live in Europe? Rack up that debt first.
Interested in being a writer? You’ll be poor as fuck anyway so rack up that debt first.
firms are incredibly willing to extend personal debt so take advantage of the fact that you can declare bankruptcy and score yourself 50,000-500,000 in the form of personal debt the banks were wrong to offer you and declare bankruptcy it’s praxis and you can pay for a free holiday just do it.
The key is to make sure you don’t buy physical stuff cause they will take that back.
I was listening to NPR today and some dipshit said it was a “Debt cancellation plan” then the idiot interviewer asked “But they still have to pay it all back right?” Dipshit said “Yes but with less interest so it’s still fulfilling Biden’s promise.”
I literally fucking screamed in my car. I have almost been killed by some drivers before but THIS is what caused me to flip my shit. I was so mad that I didn’t even feel bad when someone gave me a glare.
you don’t have to pay it all back. you pay for 20 or 25 years (less if you are in a qualify public sector), and the remainder is forgiven.
this is good.
federal loans forgiven after 20 years of qualifying payments [and 10 years after qualifying public service] has been the “deal” since at least 2010. except the department of education and the loan servicers have completely shit the bed at actually tracking and forgiving them when someone submits all the correct paperwork up until, supposedly, this exact moment.
sweat to god i had to double-take because I thought it said the SLAVE Plan
Hey college grads, this debt is actually a great lesson in personal responsibility, bootstrapping and entrepreneurship. It is time to get creative. Have you considered dealing drugs?
