View Full Version : Biden wont cancel student loan debt
BigKobeFan
01-20-2021, 04:13 PM
https://www.yahoo.com/news/student-loan-relief-extended-why-190823922.html
Got your vote, but wont help you. Stupid kids are too dumb to realize trumps the only president that actually worked
rawimpact
01-20-2021, 04:22 PM
No ones debt should be 'cancelled'
Forgiven? Sure, I like the current rules of student forgiveness although I don't like the taxation of the forgiveness but whatever.
I don't think anyone actually expected any student loan cancellation.
Trump's deferrment of federal student loans and stopping interest accrual was a good thing. But of course he wont get credit for it.
Nanners
01-20-2021, 04:24 PM
FFS Biden wrote the bankruptcy bill that made student debt impossible to discharge via bankruptcy... obviously he was never gonna forgive those debts
BigKobeFan
01-20-2021, 04:25 PM
No ones debt should be 'cancelled'
Forgiven? Sure, I like the current rules of student forgiveness although I don't like the taxation of the forgiveness but whatever.
I don't think anyone actually expected any student loan cancellation.
Trump's deferrment of federal student loans and stopping interest accrual was a good thing. But of course he wont get credit for it.
These dumbo college kids were betting the farm for their student loans to get wiped out when biden comes in...little do they know biden won't do anything. I bet he won't even change the bankruptcy laws to allow it to be discharged.
BigKobeFan
01-20-2021, 04:25 PM
FFS Biden wrote the bankruptcy bill that made student debt impossible to discharge via bankruptcy... obviously he was never gonna forgive those debts
Are you sure he did that much work?
Patrick Chewing
01-20-2021, 04:26 PM
RRR3 is probably having a meltdown right now. He still has to get a job! :oldlol:
Nanners
01-20-2021, 04:28 PM
Are you sure he did that much work?
good point... ultimately the bill was probably written by financial industry lobbyists and Biden was just the first guy who put his name on it
coin24
01-20-2021, 05:31 PM
Wow, you don’t say:lol
JohnnySic
01-20-2021, 05:59 PM
Biden wont do much of anything. Student debt wont be cancelled, the wall isn't coming down, there will be no new gun laws, etc. Democrats dont do things, they say things to pander to their numbnuts voter base to keep them on the reservation voting Democrat.
Doomsday Dallas
01-20-2021, 06:09 PM
Biden wont cancel student loan debt
good.
instead let's use that money to fight Covid.
2ball
01-20-2021, 06:13 PM
Student loans is the only thing you can’t claim bankruptcy on. You can be 100 years old with student debt. Let that sink in
~primetime~
01-20-2021, 06:16 PM
Student loans is the only thing you can’t claim bankruptcy on. You can be 100 years old with student debt. Let that sink in
any remaining student debt you have is auto forgiven/erased after 20 years...so if you are 100 years old with student debt, that means you were in school in your 80s
~primetime~
01-20-2021, 06:21 PM
Also I dont think there is a person on the planet who thought Biden would come in and erase all student debt...he isn't a progressive, he barely leans left, and he's probably going to do a lot things that the right would be good with...like this.
Nanners
01-20-2021, 06:26 PM
any remaining student debt you have is auto forgiven/erased after 20 years...so if you are 100 years old with student debt, that means you were in school in your 80s
The loans are only forgiven if you are able to make regular payments for 20 years (25 years if you took out your loans before 2014).
Nanners
01-20-2021, 06:29 PM
Also I dont think there is a person on the planet who thought Biden would come in and erase all student debt...he isn't a progressive, he barely leans left, and he's probably going to do a lot things that the right would be good with...like this.
:applause:
anyone who thinks biden or the dems are going to do anything for the lower/middle class is an idiot...
For those who think the 2020 blue government is going to do jack shit to help you - primetime is more intelligent than you
Doomsday Dallas
01-20-2021, 06:32 PM
:applause:
anyone who thinks biden or the dems are going to do anything for the lower/middle class is an idiot...
For those who think the 2020 blue government is going to do jack shit to help you - primetime is more intelligent than you
they might help us become $1400 richer... but, looks like CNN is against this now.
Joe Biden's proposed stimulus checks are a lousy way to fix the economy
https://www.cnn.com/2021/01/20/economy/stimulus-checks-economic-impact/index.html
~primetime~
01-20-2021, 06:35 PM
^^^ mitch mcconnell will shoot that down anyway...just like he did to Trump who tried to pass the same exact thing
Patrick Chewing
01-20-2021, 06:39 PM
^^^ mitch mcconnell will shoot that down anyway...just like he did to Trump who tried to pass the same exact thing
Mitch ain't in power anymore.
~primetime~
01-20-2021, 06:44 PM
AH...Senate now 50/50...Kamala the tie breaker
Now I wonder if all 48 Dems voted YES for Trump's $2000 stimulus...if so then I guess there is a stimulus in our future...they'll probably mull over it for 4 months though
Nanners
01-20-2021, 06:47 PM
they might help us become $1400 richer... but, looks like CNN is against this now.
Joe Biden's proposed stimulus checks are a lousy way to fix the economy
https://www.cnn.com/2021/01/20/economy/stimulus-checks-economic-impact/index.html
Not gonna happen
the dems have already made it crystal clear that they want to destroy the middle class and their small businesses... thats not about to change now that they control both houses and the presidency
Cleverness
01-21-2021, 02:33 AM
Joe Biden extended Trump's student loan deferral plan until October 2021:
https://www.kiplinger.com/personal-finance/credit-debt/loans/student-loans/602114/president-biden-extends-student-loan-relief
Cleverness
01-21-2021, 02:55 AM
I wouldn't be surprised to see Biden print some more money for the "highly educated," while the "uneducated" workers get the shaft.
(In addition to extending Trump's student loan deferral plan)
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