Senate votes to kill $400 billion student loan handout, sets up fifth Biden veto

https://www.foxnews.com/politics/senate-votes-kill-400-billion-student-loan-handout-fifth-biden-veto

well… Bipartisan support against treating adults like children. I got to take my hat off to all who voted for this. It is not up to us to cover others personal debts. This will be vetoed and I don’t see Biden’s plan as constitutional being that it’s not something in any congressional spending plan.

Why do we even have to write legislation to keep a president from spending money that the purse did not give to him anyway? This seems to me as a huge constitutional overreach. This also sends a clear message to the courts to strike the move down as unconstitutional. It’s theft from our own purse, OUR PURSE, not Biden’s the king.

 

republicans have student debt too, they will remember this when it comes time to vote

 

Good. The solution to student debt is reducing the cost of education. Here we are in the information age charging students $1000.00 for a text book that can only be used once. During covid, expensive real estate was not "essential" when it comes to education.

 

congress passed off this to the Department of Education, thus they decide
just like new drugs can be made illegal without congress passing legislation via the dea

now congress can pass legislation to stop them if they choose

 

I have no problems with this. I have posted before that I found this loan forgiveness program ill conceived and arbitrary. If they want to do something about the affordability of college, loan forgiveness is not it. Giving grants would be a much better option. I realize there are Pell grants, but I think that's only for students with exceptional needs. Many families make too much to be eligible for those grants, but too little to afford college for their kids. And then they go into huge debt, which is especially a problem currently because the interest rates are through the roof. 9% for a student loan? Come on. Unfortunately, many families will still do it without thinking, to pay for expensive private schools, when state school would be a much better option with much less student debt. How do I know? Because I talk to those families all the time on our admitted student weekends. Many don't even know that interest rates are high right now, and how pathetic the maximum amount of federal student loans is, relative to the total cost of college.

 

During COVID, education took a serious dive from which education has not recovered. There are large numbers who left schools and who have not shown up in home schooling or other education options.

You aren't connecting your real estate comments to any savings in the cost of education.

Let's remember that education is something that America can not simply be allowed to fail in providing.

And, that includes for the full population.

 

That’s not spending.

 

So far, the problem is that higher education is not being adequately funded. Thus it is available only selectively.

You can work on reducing the cost of education - by real methods.

You can work on other ways of funding.

But, when there is clear failure to do so, solutions such as Biden's are the only immediate choice that I know of.

 

They can resale those books can they not? And even if they couldn’t, that is the agreed private upon deal. It’s not my obligation to pay their debts.

 

And will be outvoted by all the Democrats who have bit the bullet and paid off their own student debt and don't want to pay off someone elses.

 

Higher education is not public education. That’s not the problem. That education level is not a right or a government responsibility. That education level has always been left to the individual being they are now an adult and capable of working to pay their debts. Individual responsibility for your own debt is not anywhere near my problem. I have my own debts as does everyone else. The same case can be made about home mortgages. They agreed to the deal but why should we be responsible for their mortgage? We shouldn’t.

 

eliminate all future student loans if paying it back as optional

 

I believe if the government wasn’t in the business of student loans at all the overall cost would be cheaper anyway.

 

The US needs college educated citizens. Our economy, the world economy, is moving toward sectors that require significantly more education in order to hold the jobs that pay well, that make the US competitive. Education is important to maintaining our standard of living - not just for the person who got the degree, but for America as a whole.

That doesn't mean there is a right or responsibility involved, but it DOES mean there is a need involved.

Furthermore, reserving higher education for the wealthy has MAJOR impact on our population as a whole, as education is one of the major methods of distributing opportunity.

This is not similar to arguments about home mortgages.

As for funding, please remember that in the past state and federal support has maintained a price for education that students found possible to pay.

Since then, the price of college education has soared. The price difference between 2000 and 2022 jumped from $13,000 to $21,000 annually. That is just tuition and with 4 years being the standard length required, you can do that math. On top of that, residence costs have also soared - as I'm sure we are all aware.

There have been individual events that have caused bumps. For example, the 2008 Bush recession weighed heavily on states. With education being one of the major expenditures of states, that led to slashes in education support. Plus, those cuts tended to be made in ways to maintain support for k-12.

Overall, the whole cost structure has changed, leaving a gigantic hurdle for those who happened to be born to parents who are not wealthy.

 

That's not a ridiculous idea.

We get paid back for higher education in a variety of ways.

Plus, when education fails we're headed in the direction of maintaining more people who can't support themselves.

 

I support public colleges

 

I'm so happy to hear that the Democrats who hold the senate majority haven't lost all their marbles and voted against Biden's power grab. Biden knew he wasn't going to get this but he kept it in to pander for votes. He'll blame this on the Republicans, just watch.

 

No. The books come with single-use codes for required online assignments. This is the result of getting a sweet government contract. We are being cheated.

 

I’m actually okay with the loan forgiveness, as long as it comes with the added caveat of making institutions of higher learning do with less money.

but democrats don’t want to consider that.

 

If it is a resolution, it has no force of law. It does not need the other house to approve the measure, nor does the President have the opportunity to sign said resolution or veto said resolution. Geez.

 

it wouldn't be cheaper, just means less people going to college with most of them from well off families and that is it. In other words, if you are the son or daughter of a tradesperson, then that is what your job will be lol.

 

If you are attending class in person, that textbook is really not required by the syllabus. It is recommended, but not required. If you take an online class at said university, then it is part of that tuition you pay in most cases, including the for profit private universities such as Keller, Devry, and many others. Second, college education is big business from the bars that dot the landscape near major universities to companies and individuals that invest in residual income for renting those places out to the college kids, to the athletics that bring in money and prestige to the university, to restaurants to whatever in that college town like College Station for instance.

 

Amen.

But, public colleges in the US are expensive for the student. Tuition is far from cheap. There are additional expenses that go beyond books depending on what you study. And, there are the living expenses.

They may not be Ivy League expensive, but they are plenty expensive.

Around public schools you can find kids living in cars, and on the street - trying to get an education. More for the right wing to hate!

 

For starters, higher education can be public education. It is not the federal government, but the state government that manages such systems. We can look at the University of Texas, The Ohio State University, the University of Miami, the University of Florida, the Texas A&M University system, and many more. But all of these are managed or fall within the scope of state government and the limitations of what state government can and cannot do. But none of them are managed and operated by the federal government. The federal government is not involved in education in how or what is instruction. The Federal government only provides the overall guidelines of what a high school diploma should have, as what happened with Eisenhower in the 1950s, analyzes the education standards we have, and provides loans and pell grants to those who qualify using private lenders for those loans.

And if you read the fine print of those loans you have, even your mortgage, that financial institution can still take your property even if you are making your payments on time. What they can do is ask for a demand letter in which you must repay the loan within 30 days. If not, then the loan can be in default or they can foreclose on your property to repay that loan. But the federal government, mainly, prevents those financial institutions from doing that unless you don't repay the loan. Now, if you don't want the federal government involved, then I will contact the financial institutions to have them send you that demand letter.

 

That's a cheap excuse if there ever was one.

Remember that there is every reason for the right wing to support education as well. America depends on it. Our defense depends on our economic strength. Our businesses depend on it. New businesses that are successful are usually started by those with college education. College is a jobs program.