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SCOTUS kills Biden's student loan/debt relief plan...

Discussion in 'Too Hot for Swamp Gas' started by GatorGrowl, Jun 30, 2023.

  1. Trickster

    Trickster VIP Member

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    Hard to believe the usual suspect gave you a come on man without , naturally, an explanation. It's why I've blocked him.
     
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  2. WC53

    WC53 GC Hall of Fame

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    Max you can borrow needs to be low and the same.
    My issue with this was always one of fairness to all the folks in blue collar jobs that knew they couldn’t afford it or wouldn’t qualify. Change to K-14 and offer reasonably priced basic classes and/or trades for all if that is the wish. What portion of jobs that require a college degree actually need it vs using it as a screening tool?

    Have a relative who was hoping to discharge a big portion of their debt. They worked in college, but chose to go to a pricey private school and then grad school (although grad school was paid for by research) . A little older and saw the horizon, they picked the grad school based on the offered financial package.
     
  3. citygator

    citygator VIP Member

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    Harder to police what you are studying vs where you are going so I think I'd start simple for undergrad. For graduate school I think it would make sense to have a menu like you suggested. Sadly FSU would have to pay student to actually go there if I made it. lol.
     
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  4. Gator715

    Gator715 GC Hall of Fame

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    First OSHA COVID policy, now this?

    Totally not authoritarianism guys. Nothing to see here. ;)
     
  5. Trickster

    Trickster VIP Member

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    Indirectly, yes.
     
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  6. okeechobee

    okeechobee GC Hall of Fame

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    Once again, you're moving the goal posts. I said you can discharge student debt in bankruptcy. You flatly replied "no, you can't." But you're clearly clueless on the topic. Both of my links are from the federal government which dispelled the myth you were perpetuating. Nothing in bankruptcy is a sure thing. Most Chapter 13's fail. If you chapter 7 and you are under the median income, it's going to be pretty easy to prove you don't have the means to repay massive amounts of student loans. It may require an extra step or two, but you should have to do a little work to get a bunch of debt wiped clean.
     
  7. shaun10

    shaun10 Senior

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    1. Go to a two-year college for a lot less money. Transfer after receiving your two-year degree.
    2. Consider the military for the GI Bill.
    3. Find a job and work to pay for college. May take a while but it can be done.
    4. Look for possible scholarship money.

    These are just a few thoughts I had. Not saying these are great choices for some people but they are alternatives.
     
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  8. okeechobee

    okeechobee GC Hall of Fame

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    Fake news.
     
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  9. shaun10

    shaun10 Senior

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    Please explain.
     
  10. okeechobee

    okeechobee GC Hall of Fame

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    I've already provided two government links that show that you clearly can.
     
  11. tilly

    tilly Superhero Mod. Fast witted. Bulletproof posts. Moderator VIP Member

    Perhaps because the potus overreached?

    This is a congressional issue.
     
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  12. OklahomaGator

    OklahomaGator Jedi Administrator Moderator VIP Member

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    Here is one way:

    Military service can make your education goals a reality. The Armed Forces tuition assistance is a powerful incentive for those serving in the armed forces to pursue their education. Both enlisted and officer military members can receive up to $4,500 annually for tuition and fees.

    Another military option is the Post-9/11 GI Bill — an updated version of the World War II era legislation that may have helped your grandfather settle back into civilian life This benefit is offered to members of the military who have served at least 90 days on active duty since Sept. 11, 2001. Depending on length of service, the bill pays 40% to 100% of tuition and fees at a in-state public college or university, or up to $17,500 at a private or foreign school.

    Unlike the Post-9/11 GI Bill, The Montgomery GI Bill requires service members to enroll in the program and pay $100 per month for a year ($1,200) in order to receive a monthly education benefit. Benefits vary, but a full-time student in college could receive approximately $1,500 a month through this program.

    You can prepare for military service and pay for college at the same time through ROTC programs. Some college students get their entire tuition tab picked up through ROTC and have an opportunity to serve in the Army, Navy, Air Force or Marine Corps after they graduate.
     
  13. swampbabe

    swampbabe GC Hall of Fame

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    Maybe people don’t want to declare bankruptcy because of the ripple effect on their lives. Things like security clearances, etc.

    Again, change the formula to simple interest (like it used to be) and see where people stand. If they still owe, pay it back. If they’ve fulfilled the principal and a reasonable amount of interest, done.
     
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  14. G8tas

    G8tas GC Hall of Fame

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    Whomever controls the legislature controls the state budget and approval of tuition percentage increases. Also states have Boards that sets tuition increases and those Boards are filled with Governor appointees and representatives from local districts.
     
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  15. AlfaGator

    AlfaGator VIP Member

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    The Biden Admin knew from the start that it was unconstitutional to wipe out student loan debt but it was a political move to gain votes and now he will use it to attack the Supreme Court and Republicans. It has always been just plain political manipulation.

    Justice Roberts cited Nancy Pelosi in the majority opinion when she said Biden doesn't have the power to cancel student debt.

    [​IMG]
     
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  16. gatorchamps960608

    gatorchamps960608 GC Hall of Fame

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    I wonder if they wrote these opinions on the various private jets they took to enjoy 6-figure vacations on the dime of GQP contributors with business before the court.
     
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  17. magnetofsnatch

    magnetofsnatch Rudy Ray Moore’s Idol Premium Member

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    I thought when you take out a loan you agree to repay it? I have student loans, a bunch of them, and I pay my monthly bill each month.
     
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  18. OklahomaGator

    OklahomaGator Jedi Administrator Moderator VIP Member

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    Then you really liked the last 40+ months, 0% and all of the loan payments went straight to principle. All of those people who kept making their payments really put a dent in their debt and shorten their time to pay it off.
     
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  19. G8tas

    G8tas GC Hall of Fame

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    If you had the chance to have your loan forgiven would you take advantage of it?
     
  20. homer

    homer GC Hall of Fame

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    Haven’t you figured it out yet that Biden is a true democrat and doesn’t mind making decisions with other peoples money.
     
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