On my way to tell all the loanees about the decorum rules and technicalities that allowed PPP debt relief but not this. That’ll make them feel better and make up for the fact that at the end of the day, the government came together to bail out businesses (again) but drew the line at the average college graduate.
Also, going to conveniently ignore that the court’s ruling is not a matter of fact or natural law but a matter of “interpretation” by six conservative justices, but pretend like it’s a natural, apolitical decision anyway.
When your nieces, nephews, cousins, sons, or daughters complain about how this could have helped them and how they’ll now continue to be delayed to buy a house, start a family, or have some other major life moment and economic driver (gross), don’t forget to chastise them for forgetting their proper place as serfs in this economy and failing to practice proper asceticism. Only capital and the business class is permitted to live non-miserably and be bailed out for it
-conservatives/right libertarians/centrist liberals
Make student loan rates fair, and the cost of education fair, and I bet people would be willing and able to pay off their loans like so many of us did back in the day. I feel bad for people that have been taken advantage by this system.
Absolutely. The problem started when they made student loans unable to be discharged through bankruptcy. This allowed colleges to charge whatever they wanted, because loans would rise to match, and the borrowers were locked in with no way to walk away. And look where we are now.
You used to be able to pay for college with a summer job cutting lawns - not anymore!
The only way to win in this environment is to be frugal AF - don’t jump straight into a four-year university, get your two-year out of the way at a community college, then transfer over for your major. Live at home until you graduate. Get your degree in business, which is applicable anywhere. Don’t take any loans, but do well in high school and apply for grants instead.
The wrong answer is to take out hundreds of thousands in loans with no intention of repayment, vote-blue-no-matter-who because they’ve promised you the moon and the stars, and dismiss anybody telling you “uh, that’s not the best idea” as an alt-right nazi bigot.
What’s going to happen now is that fewer people will bother with college, the populace will dumb down, and the institutions will slowly die. As the far-right intends. Dumb, churchgoing simpletons who believe the vile rhetoric and will lay their lives down for it. The American Dream.
Govt.should put a cap on tuition rates for any institution that wants to receive students on federal loans.
Rather than interfering further with a private market, they could simply cap the amount of federal loans a student can receive.
That doesn’t help solve the problem of cost though. If a university degree is going to cost $50k/year and say the govt. caps the amount of federal loans at $15k/year, that just either forces the student to get private loans or not go to college.
I think part of the mindset that has to change is this idea that college is worth it no matter the cost.
Yes and no - if the university can no longer fill its ranks because their costs are too high, they will have to reduce costs. The reason it’s so expensive right now is because they have a captive audience that can’t walk away.
Edit:
I think part of the mindset that has to change is this idea that college is worth it no matter the cost.
Say it louder for the people in the back!
Biden should have gotten congressional approval. It is why the PPP loans were a thing and these aren’t right now. He got people’s hopes up rather than actually getting it done.
He doesn’t need congressional approval. The President can use the Higher Education Act authorization and direct his Secretary of Education to modify or waive any and all loans.
Waiting to see if he follows through on this. No idea why the White House tried to use the Heroes Act to justify the cancellation, but it’s clear that if Biden chooses not to enact cancellation with the Higher Ed Act that it was always meant as a carrot on a stick for young voters.
Using the heroes act I think gave them cover to argue that this was relief related to the pandemic, like PPP loans, which has honestly been an effective strategy to win over moderates on the issue - myself included. It seduced us into thinking that this was justified because PPP loans were not, and that two wrongs made a right. In reality, the repayment freeze was the relief we needed - anything beyond that would be economic stimulus, at which point you have to ask who’s being left out. The further this gets from the pandemic, the more difficult it becomes to justify.
He did do what he could but ultimately Republicans care about bailing out themselves, their friends and private businesses and don’t give a shit about regular citizens.
Or maybe we just don’t agree that taxpayers should bail out the poor financial decisions.
Or maybe we just don’t agree that taxpayers should bail out the poor
FTFY
Like Republicans would let him (and you need them to survive a fillibuster, because the US political system is weird). They clearly care a lot about not letting Biden have big wins and they don’t give a shit about students. Biden took the option that actually stood a chance instead of the one that is unlikely to go anywhere.
alternate headline: “Democratic party loses presidential election with 17 months remaining, as young voters struggle to remain optimistic.”
Imagine thinking that the only way your party could win is if the other side doesn’t vote. Perfect encapsulation of what the fascist Republican Party has become.
I mean Ken Paxton is a great example. https://www.newsweek.com/texas-ag-says-trump-wouldve-lost-state-if-it-hadnt-blocked-mail-ballots-applications-being-1597909
Imagine thinking that the only way your party can win is to make cheating trivial, and that common sense voting requirements (prior registration, day-of in-person only, ID required, indelible ink on finger) are racist.
Personally, I’d like voting to be at least as secure as obtaining a library card, but that’s me. 🤷♂️
Imagine thinking that the only way your party could win is if the other side doesn’t vote. Perfect encapsulation of what the fascist Republican Party has become.
I mean Ken Paxton is a great example. https://www.newsweek.com/texas-ag-says-trump-wouldve-lost-state-if-it-hadnt-blocked-mail-ballots-applications-being-1597909
