President Biden announced Friday that his administration is forgiving $5 billion in student debt for another 74,000 borrowers, marking the latest round of debt cancellation since the Supreme Court voided the president’s student loan forgiveness program.
Mr. Biden said that of the borrowers who can receive relief, nearly 44,000 are teachers, nurses, firefighters and others who are eligible for forgiveness after working 10 years of public service. Almost 30,000 of those who will have their debt wiped clean have been repaying their loans for at least 20 years, but did not get the relief they earned through income-based plans, the president said.
With the latest round of student loan forgiveness, more than 3.7 million Americans have had their debt erased under the Biden administration, Mr. Biden said.
“We are taking steps to help people in a shitty situation”
“WELL WHAT ABOUT THOSE OF US NOT IN SHITTY SITUATIONS HUH?! WHAT DO WE (I) GET?!”
Well, I’d imagine the people who went to cheap colleges are probably the ones who are in shitty situations.
You’re basically telling me that I shouldn’t be allowed to have relief payments, even after I had to forfeit having a real college experience? Guess I could’ve just went to a expensive college and begged for the government to save my ass.
Choosing to go to a expensive college is 100% that persons choice, why should we be obligated to pay their debt? What are you on about?
What are you on about? They’ve paid their debt, they’re still paying the interest on the debt. These are people in the public sector, went into debt to help make society better, and the people profiting off that debt are profiting a little less.
Not my problem, they knew how much they were spending, it’s not like you can’t make your own choices. Be smart and you’ll live, people want to justify their atrocious spending and go oh poor me! People need to figure out how much they’re paying and what kind of loan they’re taking.
I see so many blindless people pick the most expensive college, drop out within 3-6 months, and now cry to the government to help them out. Here’s a solution, don’t pay for something your ass can’t afford.
“They made a poor choice when they were 18 to… (hang on, let me check the link) become teachers, nurses, and firefighters. They should pay for that choice for the rest of their lives!”
Beautiful thing about this bitchy little response is it works for your original comment of “What about people who decided to go to a cheap college? Do we get any money?”
Not my problem.
Maybe make better financial decisions and you’d never have a problem in the first place? You are considered an adult at 18 years old so I really don’t know what your point is. I was 19 when I decided to goto college because I figured out what I could afford. My parents begged me at 18 to go to a over $20k/year school, I absoulutely refused. My whole tuition cost me $15k for a full bachelors degree in Computer Science. It’s solely up to you to make your life choices, I get that there is peer pressure, but honestly, think for yourself.
Not my problem
Not my problem
Maybe they are in a shitty situation too and that’s why they are asking? It fucking sucks when you’re drowning to see you don’t qualify for a life preserver.
Maybe they should be asking for help with their shitty situation then? Instead of seeing someone getting helping and saying “Why should I care that shitty situation? They aren’t ME!”
Not really, again, its literally that persons choice to choose that college. Instead of paying off 72,000 people with $5 billion, why don’t you just pay off the majority of kids based on income who can’t afford college?
They’re just giving money away to a marginal amount of people that made the poor decision to goto a expensive college.
Because it was their own choice.
If I blew all my money after I won the lottery, would you give me another million?