OT Biden's Education Department will immediately wipe out out student loan debt for 40,000 borrowers

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Phatguysrule said:
Awesome! Any tips on getting the academic scholarship? My eldest is a sophomore and is carrying a 4.025 GPA and a full load of honors and AP classes. Not really sure what else we can do to help her cause...

She's also a pretty food basketball player. Been varsity since freshman year, but she's only 5'3"... So yeah...
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The AP classes help a lot. She has never received a "B" in any class and has a weighted GPA of 4.222 which is #6 in her school. The kids above her took more AP classes then she did. She is a 3 year varsity letterwomen in soccer, varsity golf, starts school at 6:20 ever morning for the top choir class and has been in multiple musicals in the school. She also is going to major in Biology. Majoring in one of the STEM programs and having the 4.0 + GPA was the driving force for the academic scholarship.
 
Phatguysrule said:
Oh I do. But Obamacare is honestly a kick in the teeth for anybody who supported Obama. The very minimum would be Obamacare with the public option.

Not admitting Obamacare is a steaming pile of dogshit compared to what other first world countries get is doing a disservice to the goal of improving our healthcare system, IMO.
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I'm not comparing it to first world countries healthcare. We are on the same page in wanting healthcare for all.

I'm just saying, the lifetime benefit limit going away was huge for a lot of people. That doesn't preclude me from wanting much more. It negates me from calling it absolute dogshit.
 
SlyPokerCat said:
I'm not comparing it to first world countries healthcare. We are on the same page in wanting healthcare for all.

I'm just saying, the lifetime benefit limit going away was huge for a lot of people. That doesn't preclude me from wanting much more. It negates me from calling it absolute dogshit.
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I get that, but we're spending about double most first world countries... Shouldn't we get comparable benefits?

I'm simply saying it's absolute dog shit that we don't. There is no reason for it. With what we pay we should never have a medical bill. Any of us.

I think lauding Obamacare is harmful to that cause.

It's not progress. It's a setback to real change. Like most half measures.
 
Phatguysrule said:
I get that, but we're spending about double most first world countries... Shouldn't we get comparable benefits?

I'm simply saying it's absolute dog shit that we don't. There is no reason for it. With what we pay we should never have a medical bill. Any of us.

I think lauding Obamacare is harmful to that cause.

It's not progress. It's a setback to real change. Like most half measures.
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It is progress. Just not nearly enough.

Repealing it and not having anything else to replace it would be a disaster.
 
SlyPokerCat said:
It is progress. Just not nearly enough.

Repealing it and not having anything else to replace it would be a disaster.
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Repealing it would really piss people off and force them to pass something legit.

Repealing it wouldn't matter in the least if we had Medicare for all.

Repealing it without something better would be the end of the republican party.

We need to stop defending Obamacare and start pushing for better. 100% no out of pocket expense healthcare for all Americans.
 
Phatguysrule said:
Repealing it would really piss people off and force them to pass something legit.

Repealing it wouldn't matter in the least if we had Medicare for all.

Repealing it without something better would be the end of the republican party.

We need to stop defending Obamacare and start pushing for better. 100% no out of pocket expense healthcare for all Americans.
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Repealing it without having anything to immediately replace it would potentially make people go bankrupt.

So no. Don't repeal. Replace.
 
SlyPokerCat said:
Repealing it without having anything to immediately replace it would potentially make people go bankrupt.

So no. Don't repeal. Replace.
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Agreed. Very many of those bankruptcies would be republican. Which is exactly why I don't think we have to worry about it.

It's just a distraction now.

Aim for the moon. Even if you miss you'll be among the stars.
 
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Biden Administration Announces Student Loan Forgiveness Will Be Paid In Kohl's Cash
U.S.
April 29th, 2022 - BabylonBee.com
article-11162-1.jpg


WASHINGTON, D.C.—White House Press Secretary Jen Psaki announced the Biden Administration’s plans to forgive up to $50,000 in student loans for each of the nation’s 43 million Americans who have borrowed, emphasizing the student loan forgiveness will be paid in Kohl’s Cash.

This loan forgiveness program is being praised as brilliant, as the retailer’s coupons have eclipsed the inflation-affected US dollar in value.

“The Kohl’s Cash Student Loan Forgiveness Program will lift the heavy load of debt from hard-working Americans who thought it was a good idea to borrow money for a gender studies degree,” said Psaki while keeping a straight face. “With the burden of debt lifted—and just in time for the Kohl’s Spring Sale-abration Sale™—millions can now continue their dream careers as Starbucks employees.”

Not everyone agrees, however, that $1.3 Trillion in student debt should be paid in this manner, specifically the millions of Americans whose homes are being raided by Homeland Security agents that callously rummage through plastic Kohl’s bags in search of Kohl’s Cash that the homeowners swear they were going to use before the expiration date.

At publishing time, the White House welcomed the new head of the Kohl’s Cash Student Loan Forgiveness Program, citing decades of experience using Kohl’s Cash: your mom.

Update: The program has ended, as all Kohl’s Cash coupons are now expired.
 
I really don't understand all the rage. Where was this rage when we bailed out the banks and the auto industry and all those other corporations that didn't pay it back? Those tax cuts that were supposed to trickle down but didn't because they did stock buy backs.

Where was the rage when they forgave all those small business loans from COVID?

Where was rage when they lost trillions of dollars in Afghanistan and Iraq?

The government FINALLY does something that benefits me and people are freaking out.
 
Natebishop3 said:
I really don't understand all the rage. Where was this rage when we bailed out the banks and the auto industry and all those other corporations that didn't pay it back? Those tax cuts that were supposed to trickle down but didn't because they did stock buy backs.

Where was the rage when they forgave all those small business loans from COVID?

Where was rage when they lost trillions of dollars in Afghanistan and Iraq?

The government FINALLY does something that benefits me and people are freaking out.
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That's the program man.
 
You want to know what the real rage is? People don't consider money given to corporations like real money. It's not money that they see. It's just pretend money that the government has.

This money is going to real people. People they might know. FOMO is real. They're pissed because regular people are getting real money. This is straight up jealousy and greed. They don't want to see other regular people get something from the government. It's the same attitude that people have towards lottery winners.
 
Natebishop3 said:
You want to know what the real rage is? People don't consider money given to corporations like real money. It's not money that they see. It's just pretend money that the government has.

This money is going to real people. People they might know. FOMO is real. They're pissed because regular people are getting real money. This is straight up jealousy and greed. They don't want to see other regular people get something from the government. It's the same attitude that people have towards lottery winners.
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It's not "regular people". People who go to college are more privileged and will earn more money over their lifetime.

Unfortunately, not everyone had that option and will miss out on the loan forgiveness because college was not an option for them.
 
On the other side, people who did pay their loans back in full will feel cheated too. Because they also had to make sacrifices.

Me, I don't really care all that much. I paid my student loans like 15+ years ago. It sucked and now its over, so moving on.
 
EL PRESIDENTE said:
It's not "regular people". People who go to college are more privileged and will earn more money over their lifetime.

Unfortunately, not everyone had that option and will miss out on the loan forgiveness because college was not an option for them.
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I'm confused, are you saying that not everyone had the option to go to college? If so, then how can they miss out on loan forgiveness if they never had a loan? :dunno:
 
Haakzilla said:
I'm confused, are you saying that not everyone had the option to go to college? If so, then how can they miss out on loan forgiveness if they never had a loan? :dunno:
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For many, it was still unrealistic to go to college. You live a privileged life and everyone around you probably had those opportunities if you did go to college. Believe it or not, college is not the path of many people. The fact that you can actually qualify for a loan to college is a scenario that many people won't be able to think is possible.

Many don't go, for whatever reason.
 
EL PRESIDENTE said:
For many, it was still unrealistic to go to college. You live a privileged life and everyone around you probably had those opportunities if you did go to college. Believe it or not, college is not the path of many people. The fact that you can actually qualify for a loan to college is a scenario that many people won't be able to think is possible.

Many don't go, for whatever reason.
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The idea is that once a kid in dental or medical school graduates they don't have to spend half their career paying off the education...that they could buy a house or plan a family. Now fewer students will take on that kind of debt for graduate school because they can make more money in the private sector without the debt...that's where the economy drains and skilled professionals have to be brought in from overseas where college is cheap.Student debt forgiveness is supposed to jumpstart a graduates spending power once out of school instead of keeping them paycheck to paycheck throughout their prime earning years. My son skipped graduate school, (a 250K debt) and bought a house for about the same money.....he doesn't regret buying the house and used his 4 year degree to get a good job with perks. Choices. My son didn't get to college on being rich...he got there on an academic scholarship.
 
Natebishop3 said:
I really don't understand all the rage. Where was this rage when we bailed out the banks and the auto industry and all those other corporations that didn't pay it back? Those tax cuts that were supposed to trickle down but didn't because they did stock buy backs.

Where was the rage when they forgave all those small business loans from COVID?

Where was rage when they lost trillions of dollars in Afghanistan and Iraq?

The government FINALLY does something that benefits me and people are freaking out.
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They are just trying to gaslight you.

I find it funny that there will be people who this will benefit greatly who will be gaslit by the dumbass party... Sorry, I mean the GOP and Republicans, that it was bad someone helped them.

That someone helped them. They will be mad about that.

But you know what they won't do? Say "no, I'll pay that 10k myself (or 20k w/ pell grants).
 
Natebishop3 said:
I really don't understand all the rage. Where was this rage when we bailed out the banks and the auto industry and all those other corporations that didn't pay it back? Those tax cuts that were supposed to trickle down but didn't because they did stock buy backs.

Where was the rage when they forgave all those small business loans from COVID?

Where was rage when they lost trillions of dollars in Afghanistan and Iraq?

The government FINALLY does something that benefits me and people are freaking out.
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because they don't want to offer help for poor(er) people.
 
Strenuus said:
They are just trying to gaslight you.

I find it funny that there will be people who this will benefit greatly who will be gaslit by the dumbass party... Sorry, I mean the GOP and Republicans, that it was bad someone helped them.

That someone helped them. They will be mad about that.

But you know what they won't do? Say "no, I'll pay that 10k myself (or 20k w/ pell grants).
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He should have cancelled all interest rates on student loans and reimbursed people for their interest payments. That would have benefited future generations as well. The government shouldn't be making money off students.
 
EL PRESIDENTE said:
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People should go to in state public schools. There is no difference in a U of P degree or a U of O degree in Portland. Nobody cares. Unless you get a scholarship or are going someplace like Stanford, or medical school or something...no reason to get that up there in debt.
 
SlyPokerCat said:
People should go to in state public schools. There is no difference in a U of P degree or a U of O degree in Portland. Nobody cares. Unless you get a scholarship or are going someplace like Stanford, or medical school or something...no reason to get that up there in debt.
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Alumni network, son.
 
Natebishop3 said:
He should have cancelled all interest rates on student loans and reimbursed people for their interest payments. That would have benefited future generations as well. The government shouldn't be making money off students.
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Hopefully more work gets done here, but it's hard when you have an entire segment of our government who only sees us as pissants and is routinely trying to fuck us over. GOP and Republicans don't care about you or me. They want to see us die as poor and suffered as possible.
 
EL PRESIDENTE said:
It's not "regular people". People who go to college are more privileged and will earn more money over their lifetime.

Unfortunately, not everyone had that option and will miss out on the loan forgiveness because college was not an option for them.
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Most “privileged” kids at college aren’t in debt. Because they have money. Hence privileged. The kids who have to find money to pay for ridiculous college fees take loans. Right or wrong, these students are getting some relief.
 
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