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

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I don't really see how this relates to student loan forgiveness. PPP was hardly "free money". It was put in place so people wouldn't go on unemployment, which was already overburdened.

It was literally free money. Yes, the government had a purpose in handing it out, just like the government has a purpose in handing out the student loan money.

barfo
 
I don't really see how this relates to student loan forgiveness. PPP was hardly "free money". It was put in place so people wouldn't go on unemployment, which was already overburdened.

Because a lot of them didn't actually need the money.

Tom Brady needed a million?
Osteen needed 4 million?
 
Because a lot of them didn't actually need the money.

Tom Brady needed a million?
Osteen needed 4 million?

I am not aware of Tom Brady and Joel Osteen's financial/employee situation.
 
It was literally free money. Yes, the government had a purpose in handing it out, just like the government has a purpose in handing out the student loan money.

barfo

What is the Government's purpose of paying off student loans?
 
I am not aware of Tom Brady and Joel Osteen's financial/employee situation.

Joel's net worth is over 100 million.

Brady's net worth is over 400 million.

Neither one desperately needed the money to stay open with whatever businesses they had, they both just saw an opportunity to get free money and took it.
 
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Joel's net worth is over 100 million.

Brady's net worth is over 400 million.

Neither one desperately needed the money to stay open with whatever businesses they had, they both just saw an opportunity to get free money and took it.

Net Worth is separate from their payroll. Individuals were not eligible for PPP.

If they got the money, they qualified for the program. I believe they had to show that the money used was used for payroll purposes. Obviously, there was some fraud in the program, but I haven't seen any information that Brady/Osteen committed any PPP fraud.
 
I don't really see how this relates to student loan forgiveness. PPP was hardly "free money". It was put in place so people wouldn't go on unemployment, which was already overburdened.
Companies could have taken out private loans they had to actually pay back to stay afloat also.
 
Companies could have taken out private loans they had to actually pay back to stay afloat also.

Yeah, but then they probably would have eliminitated their workforce instead.
 
Net Worth is separate from their payroll. Individuals were not eligible for PPP.

If they got the money, they qualified for the program. I believe they had to show that the money used was used for payroll purposes. Obviously, there was some fraud in the program, but I haven't seen any information that Brady/Osteen committed any PPP fraud.


The Lakers were qualified for the program.

Here's an idea, quit being contrarian for the sake of being contrarian.
 
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The Lakers were qualified for the program.

Here's an idea, quit being contrarian for the sake of being contrarian.

So what if the Lakers qualified for the program? That has nothing to do with anything.

They are valid questions. Sorry you are unable to refute my points.
 
Helps lower income people avoid/get out of poverty, gives them more spending money which helps the economy.

barfo

In general, college-educated persons are not lower income/poverty level populations.
 
So what if the Lakers qualified for the program? That has nothing to do with anything.

They are valid questions. Sorry you are unable to refute my points.

Meaning "qualified" doesn't mean anything.
 
Meaning "qualified" doesn't mean anything.

If given the choice, they would have likely laid off their workers, who would have gone on enhanced unemployment in an already overloaded system.

Hence, the need for this program while everything was shut down.
 
If given the choice, they would have likely laid off their workers, who would have gone on enhanced unemployment in an already overloaded system.

Hence, the need for this program while everything was shut down.

For SOME companies. Companies where the owners aren't worth millions of dollars.
 
In general, college-educated persons are not lower income/poverty level populations.

Higher income people are excluded from the loan forgiveness.

barfo
 
Mine was planning on going to college to be a doctor. But I made more money than her parents and she decided she didn't like going to school at the time, and had worked so hard to maintain her 4.0 through HS that she'd burned herself out. So after HS she was done with school.

Then we had kids 5 or 6 years later and it hasn't been feasible to go back since...
Well.........to be fair, that kids thing did set her/us back a few years before she could put her degree to good use. But as far as a long term investment goes, it worked out pretty well.
 
Higher income people are excluded from the loan forgiveness.

barfo

But you said it was to help lower income and to avoid poverty, which by the numbers, college graduates are least likely to be.

Up to $125k single/$250k married are eligible for forgiveness. They should have probably lowered the threshold to $60k and increased the amount of forgiveness if the goal was as you stated.



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Apparently student loans are a "national emergency."
I would say that is accurate. With the way many folks are barely able to survive with rising costs and the payment holds expiring at the end of this month, they had to do something.
 
In general, college-educated persons are not lower income/poverty level populations.
Ivy league colleges are not the only schools around bro....a lot of people go to college that are low income. Most start the first two years in community college which is cheaper than a 4 year program at a major school. You went to college....was your family rich? I sure had to work my way through and my son had a job even though he got a full scholarship to pay rent and buy books etc.....none of his roommates at OSU were rich either....I think you're off on this upper class college student thing by a mile. Low income people are more likely to graduate than spoiled rich kids who are just there to party because dad went there. You've seen Animal House too many times bro!
 
Ivy league colleges are not the only schools around bro....a lot of people go to college that are low income. Most start the first two years in community college which is cheaper than a 4 year program at a major school. You went to college....was your family rich?

No. Middle class. Took out loans. Worked during college.

But the stats don't lie, that college grads make significantly more than non-college grads.
 
No. Middle class. Took out loans. Worked during college.

But the stats don't lie, that college grads make significantly more than non-college grads.
I never said college grads make less than non college grads..not sure how that applies. There is no more Middle Class in America bro...those days are gone! You were probably the last one!
 
I never said college grads make less than non college grads..not sure how that applies. There is no more Middle Class in America bro...those days are gone! You were probably the last one!

College is an investment in one's future. It's not for everyone, but for most, it will ensure that you are less likely to be poor/poverty than those without. Not really sure about the point of this, other than buying votes before the midterm to be honest.
 
College is an investment in one's future. It's not for everyone, but for most, it will ensure that you are less likely to be poor/poverty than those without. Not really sure about the point of this, other than buying votes before the midterm to be honest.
College taught me how to learn at a higher level and definitely made sure I never struggled to compete in the workforce...Biden is making true on his campaign promises which was long before these midterms.....he's actually done a hell of a lot given the divisive nature of the legislative branch. On the flip side...voting against cheap insulin, veterans health care, Trumpgate and a number of other issues is not helping your GOP these midterms much
 
But you said it was to help lower income and to avoid poverty, which by the numbers, college graduates are least likely to be.

Up to $125k single/$250k married are eligible for forgiveness. They should have probably lowered the threshold to $60k and increased the amount of forgiveness if the goal was as you stated.



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$125k is not high income. Parents making $250k isn't really either.

There is no reason to punish these people.
 
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