Biden bails out more student loan borrowers after Supreme Court rejection

After his previous attempt to forgive student loan debts was rejected by the supreme court, Biden is taking another shot at it. This one is projected to cost the taxpayers $276 Billion.
That's money that taxpayers would have to make up.

"President Biden's administration is officially rolling out its SAVE plan on Tuesday, its latest attempt to grant student debt relief after Biden's more wide-reaching plan failed before the Supreme Court....."


Read the story on this one at:
https://www.foxbusiness.com/politics/biden-bails-more-student-loan-borrowers-supreme-court-rejection

 

Once again, Wannabe Dictator Biden has made his contempt for the Constitution loud and clear.

Once again, he will fail.

 

Joe believes he is the king. Simple stuff here folks. And democrats, like their king. Blind, stupid, demented, and all. King Joe because democrats know best....

 

Children don't have to go to college. The reality is that those kids are simply stealing money from depositors who were counting on that income for their retirements. And Joe steals it from them and uses the money to ensure the kids go to college to get fully indoctrinated... It's pretty insidious. The evil of lefty programming is coming into the light. And this is you clapping.

 

we're investing in our future, don't see the right complaining about faith based initiatives....

 

Taking taxpayers money and giving it to people who took out loans they don't have to pay off the bills they created- is "investing in the future?"

You're teaching them that no matter how foolish or carelessly they make decisions, somebody else will protect them from their responsibility and the consequences of their own actions.
That WILL affect the future. But it's not investment, it's sabotage.

 

If the government is going to pour money into student's hands, I would rather see them do it through scholarships targeted at needed skill sets that have an ROI.

 

Off-topic. Reported.

Wannabe Dictator Biden is wiping his ass with the Constitution (again) in order to buy votes from young adults, and as we can see from your post his supporters and apologists are fine with him wiping his ass with the Constitution.

FYI, children don't go to college and rack-up college debt. Children go to primary and secondary schools where either taxpayers or their parents pay for their education.

 

Aren't we frequently told that people with college educations make more $$$ than people who don't go to college? Is it possible that many of the degrees in gender studies and African pottery are useless?

Why should a truck driver be forced to pay for something he didn't buy and is apparently useless to the college kids who did buy it?

 

Vote buying at its best. First it was free healthcare, then it was free citizenship and now it free college loans. What's next?

 

Corporations are outsourcing good jobs overseas, anymore, I do not think a degree helps unless it's to be a lawyer, doctor kinda thing, and soon they plan to have India doctors operate on people remotely

nowadays, I would recommend a trade school for most

 

That's not an investment, you can't invest in the past and the loans took place prior to them graduating with a degree. . The kids are supposedly already educated, now they need to get a job and pay off their college loan investment.

 

colleges need to offer a guarantee that students can get a job with the degree they give them or students get a refund

 

Trade school is the way to go for many people, but parents want to be proud of their kids with degrees because it's a status thing, so off to college they go.

 

Fully agree.

 

No, they don't. It's the student's responsibility to make sure they're learning marketable skills while they're in college, and if a certain college isn't teaching those skills then the student owes it to themselves (and anyone helping to pay for their education) to find another school that does.

Welcome to adulthood....

 

The SAVE plan is an income-driven repayment (IDR) plan that calculates payments based on a borrower’s income and family size

Congress has authorized the Department of Ed for years to do this. This is legal and constitutional.

 

And it's the school's responsibility to no sell them a degree that is crap. They tried more than once to get me to change degrees and guided me to useless classes when I was a freshman. Then you wind up having to take more classes than needed.

 

What I don't like, as a Democrat, is that Biden's efforts are not helping and are instead setting people up to fail. Like with the rent moratorium, I've seen people hurt when the restrictions were lifted, and people were facing a big bill they were unprepared for.

Likewise, with this latest plan, people are going to be hurt by this. Things might seem fine at first, making less than $15/hour to make ends meet while they are getting their degree, but later in life, when they make it and earn more than $15/hour, their student debt will have ballooned, and suddenly they must pay more than they were prepared to pay!

It's a debt trap, and I'm sad to see Biden support a plan that will hurt the working class, especially those starting out on that class's lower rungs.

 

I think colleges should provide some sort of data showing students where the jobs are. I saw a story about a year ago about how some college in NYC has a filming making course, kids think if they take they'll be the next Spielberg, and when they graduate there are no jobs for movie directors.

My wife's dumb ass niece went to some school in NYC for photography (she's from So Cal) and changed everything to African studies because her father is the black dude I spoke of a few times about being in a televised police chase in CA. Now she's not paying back her loan, my father-in-law co-signed for it and is on the hook for the entire thing.

 

I don't know if you caught this edit to my post:

and if a certain college isn't teaching those skills then the student owes it to themselves (and anyone helping to pay for their education) to find another school that does.

I never experienced what you did in college, but aside from the student's responsibility to find the school that will provide them with the education they want/need, isn't it the responsibility of the organizations who accredit those schools to make sure that they're not selling crap degrees?

And what are we to do with 1) the schools that are offering classes in "woke" studies and 2) the students who choose to attend those classes? 1) Should those classes be shut down? 2) Can we fix stupid?

 

I think colleges should provide guidance services for students. The university I attended assigned a faculty member in my discipline to help guide me through my course selection, etc., and to answer any questions I might have. I already had a plan going into school so I didn't need his help but it was nice to know he was available if I needed any assistance.

And I can say this from personal experience, artists need to be particularly careful about the careers, schools, programs and classes they choose. It's extremely difficult getting into the best art schools and programs in the country and things only get more difficult after graduation.

 

Fine. Add in countless Democrat business owners too, hehe.

Can we take back the part of the brain they're storing that FREE knowledge? Can we take back their degree too? Sorry. You are no longer a college graduate. Might not matter for those who already got a job. But a house can be foreclosed on. A car or necklace or TV can be repossessed if you don’t pay off the loan. Knowledge. Can’t repossess that.

YOUR shitty life choices shouldn't be MY problem. Not you personally. Just you people who want a free ride. Most of this loan forgiveness isn’t impacting poor. homeless people. It’s graduate degrees, some medicine, law, finance, degrees where you SHOULD be fine after a few years. Were these degrees from private or much cheaper state schools? These kids living home still? What cars are they driving? How often are they buying new phones? They partying on weekends? Don’t know! Don’t care!! Still don’t DESERVE free education after I paid off mine over 8 yrs and PRE-PAID for my kids. So MY responsibility and sacrifice gets punished while LOSERS who don’t know what a loan is, just get off? Sorry. Nope.

Democrats can’t just BUY votes with others money. They can and they do, but it’s just evil.

 

Well.. it is time to start buying votes.

Worked last time. At least for Biden.

 

Why? There are tons of products on the market that have all varying types of value, depreciation, and return. That's why it's called a free market.

Unless you can prove that the schools mis-advertised or represented the programs, our government isn't intended to be a nanny.

You didn't have a declared major when you started attending college?

Those that do that are not prepared and the waste of time and money is 100% on them.