College is already heavily subsidized without taking tuition into account. We all pay for everybody else.
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Forgive me, I thought only the Legislative Branch of our government could approve fund$ to pay for things. This thread gets closed in 5....4....3....2....1.....
Yeah, we shall see what becomes of this big talk by Biden.
I can't find anything that gives any details other $125k for single parents and 250K for couples. How many years does this go back? How many years forward? Can a loan from 2000 when a kid was making 20K a year be forgiven? How about if a parent makes over the threshold, the fasfa ap has said parent on it but the student files their own tax return and made far less than $125?
All these details are going to come out through studentaid.gov but I bet cha there will be a lot of hoops to jump through and most people (even under $125K of annual income) will not qualify. All talk at this point.
How long has the GOV stopped giving kids enough loan money to cover the full cost? Kids now a days don't even get enough fasfa loan money to cover the full price of going to school. Usually they get a few thousand and then it is on the parent to take out a directPLUS loan to cover the rest.
It is ridiculous universities can charge 7-8,000 a year for a dorm. Some of which were built in the 1960s or earlier.
I realize all of you guys came out of college making $125,000 a year, but I suspect that is way more rare for those who don?t post on Elitedawgs. Very few graduates start above $60,000 let alone $125,000. This will be an incredible boondoggle. It is a vote buying scheme plain and simple. Now lock her up.
In......
Ah, ok...so curbing the constitution for things I like = good
But doing the same for something I don't = bad
Interesting rationale.
Btw, there's an easy answer for why immigration reform has been a political hotpotato for decades....
Additionally, just "building the wall" is about as effective at getting to the root of the problem as is this current student loan move...Sure, gets some short-lived political rep, but its fleeting.
Rage on, tho.
When you sign on the dotted line, you have given your word to repay. Anyone who takes the forgiveness has reneged on their obligation. I don’t believe I would take the forgiveness if I had a loan. My integrity and word means more than the money. That’s just me.
Can our mortgages now "identify" as student loans?
When the federal govt took over student loans in 2009 this was the plan all along. Eventually moving to "free" education paid for the by taxpayers. Same goal for healthcare.
Zero accountability or personal responsibility. This country is screwed.
Elections have consequences.