Yea, I went to a relatively cheap college. Tuition was about 8k a year when I started and 12k when I graduated, this didn't include living expenses or housing. I worked on average 30 hours a week and full time during the summers. I left with about 20k in loans. I worked and saved while living at my parents home and paid them off in about 3 years. I was lucky to be in a position to do this, all the while making less than 15 an hour.
Then a few years later when there was talk of people getting their debt forgiven, my mother says " that's not fair, you worked hard to get out of it, they should too." And I stood there in shock, thinking who cares if I worked hard to pay off my loans, it doesn't mean others should have to. I don't want others to go through what I sacrificed if they don't have to.
I didn't pay a dime (other than living expenses) for my tuition. Fuck everyone who is against debt forgiveness. I worked hard to become a software engineer, but do you think I could have done it while working full time at the same time just to pay tuition? Even if I didn't work during college, I would have had to live the college quality living for several years before I would have made enough to pay tuition and living.
Education is the single most important thing for a society to progress and everyone to do better, live better, and create better. Anyone against it? Tells you all you need to know. They benefit from an uneducated population, that struggles on low wages for their own personal profit.
They really should be touting this more to get young people out to vote. This is a very clear division among young people who want/deserve relief, and which party is trying to give it and which is doing everything they can to stop it.
If I were in charge of any of their campaigning I'd also hammer reproductive rights, weed, and healthcare. Instead it looks like the Dems are going to keep getting cornered on the economy and Israel.
ah yes, biden telling 1/3 of our government (who happen to be mostly trump's cronies) to fuck themselves can't end badly
we do need such grand, sweeping changes to help our country, but unfortunately all we can manage are these baby steps, which are still important for progress
Idk, it feels manipulative to me. All they've done here is follow through on existing policy. I have higher standards for being impressed than doing what you're required to do, even if others before you failed to do so.
This is a program that existed for a very long time.
The problem with it is when it was set up, some idiot put the loan companies in charge. And thru intentional incompetence most people didn't get forgiveness when they should and the interest kept climbing for years.
Biden had us pay the illegally charged interest rather than fight it.
So we drastically overpaid for forgiveness borrowers should have had long ago.
It's good they finally got it, but so many more could have been forgiven for the same amount of money if we didn't pay all that extra interest.
John Oliver did an episode on it a couple months ago, maybe last season?
The problem with it is when it was set up, some idiot put the loan companies in charge. And thru intentional .. most people didn’t get forgiveness when they should
I've been following folks who've been stuck here. Being told they were in a forgiveness plan or having an eligible employer, only to be told at the last minute that nope they gotta start all over again. (Luckily this was fixed and those folks got their second chance, but it never should have happened at all.)
some idiot put the loan companies in charge. And thru intentional .. most people didn’t get forgiveness when they should
Why is it so hard to expect a for profit company to actually comply with the law here? That's all that was needed to prevent a series of tragedies from happening.
This is a program that existed for a very long time
7 years since the first person became eligible is a 'very long time?'
The problem with it is when it was set up, some idiot put the loan companies in charge. And thru intentional incompetence most people didn’t get forgiveness when they should and the interest kept climbing for years.
So we're just making shit up now?
The department of education made the determination of who fulfilled the criteria to have their loans forgiven. Forgiveness was never based around distributing a set amount of money, but on completeting a specific payment regiment for 10 years with a qualifying employment category.
The first year anyone was eligible for forgiveness was 2017. Do you remember who was president in 2017? Who he put in charge of the department of education? There was a deliberate effort by the Trump administration to sabatoge the program by denying approval for forgiveness on the basis of any minor technical or clerical deficiency they could come up with. Some months literally nobody got approved. Now also consider the kinds of people Davos hired for every role she could within the department. And now the kind of people they hired.
And here you sit, just another asshole blaming Biden and Democrats for mess their predecessors went out of their way to create, because they didn't clean it up instantly and perfectly.
To be fair, it's a little disingenuous to start counting from the time the first person became eligible, as all the rules had to be in place for over a decade prior to that.
You're framing it as a program that's been around for 7 years, when the reality is that it's been 17.
Don't disagree with most of your points, but the program itself has been around for quite a while.
Its really hard to be supportive and praise someone for finally plugging back in grandmas life support after they purposefully unplugged it to charge their headphones.