625
It's insane that they made 5b off of just 74k people in the first place
What's insane is this is barely a drop in the bucket...
There's over 1,770 billion in student loans debt.
When people say 1.77 trillion, it might not be immediate how little a few billion is to the larger issue.
But it's only around 0.2% of total debt. Probably less because the 1.77 trillion is rounded, and at this scale that's what 5 billion is. A rounding error they don't even include that digit when talking about the total amount.
Forgiving 5B in student debt VS inciting riot to overthrow our government...
bOtH sIdEs aRe tHe sAmE!!!
well one side didn't go to college so this is basically a nothing burger to them
BUT IF I DID AND I ALREADY HAD PAID IT ID BE JUST AS PISSED AS I AM NOW THAT I CANT DRAG ANYONE ELSE DOWN
DRAG??? WHAT ARE YOU SOME KIND OF FREAK?!
Right. It's like saying my dad died of cancer, so your dad should also die of cancer.
No, let's improve shit for everyone. Fuck that outdated mentality.
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My lender has been sitting on my application for PAYE since September. And I doubt it ever gets processed as it won't help their bottom line.
Biden should have left the debt pause indefinitely and fight judges who ruled against himself. The courts allow delays. This would gain him back a lot of support and it would cost him zero political capital.
Yep. He told Republicans he would stop pausing it to pass funding for the government.
He should have lied like they would.
I mean, yes?
It's time to fucking play hardball with these creeps instead of this milquetoast turn the other cheek bullshit.
They want to play the game like that, so they are setting the ground rules. Acting like we have to keep one hand tied behind our back during a fight with them is fucking stupid. Get that arm out and throw sand in their fucking eyes.
Pocket sand!
Look out we got a tough guy
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For a second I thought this said Biden is forgiving $5 and assumed this is the onion.
I might be included in one of the recent rounds of forgiveness (the one where if you have under 12k in loans taken out and have kept up with payments for over 10 years). I've paid off all but about $250 of it, and even making the minimum payment, I'll have it paid off in around 4 months anyway. Unless they move at breakneck speeds by government standards, by the time they actually get everything processed, $5 sounds about right. Which hey, if that ends up being how it goes, I get a free ice cream cone on Uncle Joe. Can't complain about that.
Cool, but will that solve anything? Greedy universities still win in this scenario.
Greedy universities
Banks, thousands of other kinds of predatory businesses that prey on students: "Ha, yes, yes! 'Geeedy universities,' that's the ticket!"
It's the universities that charge these astronomical prices for tuition, not the banks. So yes, greedy fucking universities.
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It's a small measure but it's better than nothing. We need free public universities but that's outside of a presidents unilateral authority.
"It's not perfect, so we should do nothing". FFS...
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Let's see if the US public can be bought off to overlook genocide that cheaply.
Only 1% of voters think Gaza is the most important issue in this election.
Even if more did, would it change anything? Most politicians seem to have the same shitty stance. At least most politicians that the average American will vote for. Biden stance sucks but its not something that differentiates him from most other politicians. I wouldn't expect it to play out much differently with someone else.
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Averages out to be 67,567.56 per.
fuck you biden for again putting a stipulation on your promises and only helping a select few
either forgive it all or just forget about it tired of my hopes going up every time a biden is living up to his campaign promises article comes
silent joe waited until election year to have anything to say
justice delayed is justice denied
You didn't read the article you're replying to, did you? Biden tried to forgive student debt for all Americans; SCOTUS shot it down. That was around the middle of last year, and Biden has been having to eke out student loan forgiveness in whatever ways he can since then. I don't know that Americans are gonna see student loan debt forgiveness or any other serious and free social support on the scale you want until there is a reckoning with the English Poor Law mentality.
That'll really cut down the 1.7 trillion dollar student loan problem.
So you'd rather he do nothing? I know it is a drop in the bucket but let's not let good be the enemy of perfect.
I'd rather he do more, but my expectations aren't high considering Biden was critical in creating this problem:
https://www.theguardian.com/us-news/2019/dec/02/joe-biden-student-loan-debt-2005-act-2020
https://theintercept.com/2020/01/07/joe-biden-student-loans/
Either way, don't expect me to cheer on a jackass who barely makes a dent in a problem he created.
Should just let it trickle down from the billionaires like usual smh
He want these younger votes so bad, lets see if this continues after he get elected second term.
He wants a second term, so he's... improving people's lives? Not sure what you're mad about. Trump wants a second term, so he's *talking up the culture-war nonsense, and saying he'll attack his political enemies...
Paying education loans even after 20 years of working in public service? Seems like a failure of the education system. I'm from Europe, also been to India a lot on business, and never have I seen anything of this magnitude. You can get a good education even in India for a very nominal tuition fee that middle-class parents are also able to cover without taking out loans. For poor families, it's virtually nothing in good state universities. The idea is that education will empower even the poor and they'll be able to get a good job and become tax paying citizens. Not like if you're poor, we're still gonna crush the heck out of you with more debt. The latter seems to be the strategy employed in the US. In most European countries, education is virtually free covered by taxes. Of course taxes are high but it benefits everyone in terms of healthcare and education. Is that really so bad? Isn't it the government's job to make sure EVERYONE has access to good healthcare and education? Then why does it feel that it is a money-oriented corporation running the country rather than a government?
Sorry, went on a rant there. Whenever I see something like this it just makes my blood boil. Teachers, firefighters, nurses still paying student loans after a decade or two, that's a failure of the education system right there.
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this post was submitted on 19 Jan 2024
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