Current Events > Biden cancels $10,000 in federal student loan debt for most borrowers

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Croutonman
08/24/22 4:16:52 PM
#101:


FortuneCookie posted...
Hooray! I had $9,700 left in student loan debt.

Im right there with you. Looking forward to having more money in my pocket. Oh wait, its just going to go to the grocery stores and energy companies.

I wont complain but though.

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justaguy3492
08/24/22 4:19:16 PM
#102:


This is the reason why I didn't make a single interest free payment while they were paused.

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Lost_All_Senses
08/24/22 4:20:20 PM
#103:


Croutonman posted...
Im right there with you. Looking forward to having more money in my pocket. Oh wait, its just going to go to the grocery stores and energy companies.

I wont complain but though.

Eh. If someone bites off 3 fingers and gives you back one, it's reasonable to still complain about the other 2.

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IdiotMachine
08/24/22 4:21:38 PM
#104:


So for financially responsible people who consolidated and refinanced to lower interest rates are screwed, eh? Fuckin' Democrats.

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#105
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COVxy
08/24/22 4:23:48 PM
#106:


IdiotMachine posted...
So for financially responsible people who consolidated and refinanced to lower interest rates are screwed, eh? Fuckin' Democrats.

Exactly nobody is getting "screwed" here, except companies who have bought out student debt (presumably).


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legendary_zell
08/24/22 4:23:55 PM
#107:


IdiotMachine posted...
So for financially responsible people who consolidated and refinanced to lower interest rates are screwed, eh? Fuckin' Democrats.


You're not screwed, you're left in the same position you would have been had this not happened. Nothing changed for you. And if you want it to change, vote for people to the left of Joe Biden. Criticizing the Dems makes no sense on this point.

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Axiom
08/24/22 4:26:17 PM
#108:


legendary_zell posted...
You're not screwed, you're left in the same position you would have been had this not happened. Nothing changed for you. And if you want it to change, vote for people to the left of Joe Biden. Criticizing the Dems makes no sense on this point.
Eh he's just bitter other people benefited and he didn't. It was the same with the stimulus. The human race as a whole is just a miserable pile of envy. It's why progress is so hard

The people above don't actual want the ones below to get anywhere. It makes them feel better watching the have-nots struggle
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CommonStar
08/24/22 4:28:33 PM
#109:


Pretty good step in the right direction.
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IdiotMachine
08/24/22 4:29:10 PM
#110:


Axiom posted...
Eh he's just bitter other people benefited and he didn't. It was the same with the stimulus. The human race as a whole is just a miserable pile of envy. It's why progress is so hard

The people above don't actual want the ones below to get anywhere. It makes them feel better watching the have-nots struggle
Nah, it's objectively unfair to people who worked to pay off their debt and people who refinanced to better their financial future. It is literally a handout for nothing other than getting into debt and rewarding those who are financially irresponsible or chose to not use their degrees.

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IdiotMachine
08/24/22 4:30:49 PM
#111:


If Democrats truly wanted to help in a more fair matter, they would wipe out interest and make the interest 0%, while also tackling the high prices of college that got the student debt crisis to where it is now.

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theAteam
08/24/22 4:32:01 PM
#112:


Axiom posted...
Eh he's just bitter other people benefited and he didn't. It was the same with the stimulus. The human race as a whole is just a miserable pile of envy. It's why progress is so hard

The people above don't actual want the ones below to get anywhere. It makes them feel better watching the have-nots struggle

I'm not envious, I'm glad there is relief but I am pissed that I made the "smart move" by refinancing a few years ago to drop my interest rate from 8 to 4 and now I'm getting punished for doing that.

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CommonStar
08/24/22 4:33:46 PM
#113:


theAteam posted...
I'm not envious, I'm glad there is relief but I am pissed that I made the "smart move" by refinancing a few years ago to drop my interest rate from 8 to 4 and now I'm getting punished for doing that.
Punished where? Nothing changed for you.
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#114
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Lost_All_Senses
08/24/22 4:36:22 PM
#115:


IdiotMachine posted...
Nah, it's objectively unfair to people who worked to pay off their debt and people who refinanced to better their financial future. It is literally a handout for nothing other than getting into debt and rewarding those who are financially irresponsible or chose to not use their degrees.

You sound like someone who doesn't count their blessings and instead focuses on getting upset at other people's blessing.

This isn't paying off 10k of credit card bills you owe. This is 10k to help fix a broken system. It's wild to want everybody who didn't do everything you did (especially whem everyone doesn't have the same opportunities as the next person) to struggle when it takes nothing away from you. Would you climb a ladder and then slap away the hands of people with no legs that reached for your help? Because, "they shouldn't of lost their legs".

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Doom_Art
08/24/22 4:36:22 PM
#116:


IdiotMachine posted...
Nah, it's objectively unfair to people who worked to pay off their debt and people who refinanced to better their financial future. It is literally a handout for nothing other than getting into debt and rewarding those who are financially irresponsible or chose to not use their degrees.
uh oh someone's upset!

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#117
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IdiotMachine
08/24/22 4:39:14 PM
#118:


[LFAQs-redacted-quote]


Doom_Art posted...
uh oh someone's upset!
Eh. It's simple: just don't vote for Democrats.

And I live in a battleground state where my vote actually matter. I'll vote for Fetterman over Oz, because fuck Oz trying to come here as if he actually lives here, but not voting for Biden again.

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#119
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#120
Post #120 was unavailable or deleted.
IdiotMachine
08/24/22 4:44:04 PM
#121:


[LFAQs-redacted-quote]

I guess if Trump and Biden runs again in 2024, I'll be forced to vote for Biden... Or just not vote... Because Trump is definitely not the sane choice at this time. If he didn't reject reality of losing and didn't steal classified material and then ran in 2024, I'd vote for him over Biden.

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Lost_All_Senses
08/24/22 4:47:01 PM
#122:


IdiotMachine posted...
I guess if Trump and Biden runs again in 2024, I'll be forced to vote for Biden... Or just not vote... Because Trump is definitely not the sane choice at this time. If he didn't reject reality of losing and didn't steal classified material and then ran in 2024, I'd vote for him over Biden.

That's good. I can respect that

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theAteam
08/24/22 4:47:55 PM
#123:


CommonStar posted...
Punished where? Nothing changed for you.

By being left behind. I meet the income requirement. I've always supported student debt relief and still do, but why can't it extend to loans that were consolidated/refinanced?

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bknight
08/24/22 4:48:44 PM
#124:


If Trump runs again, build that wall, lock her up and repeal and replace won't work this time. He's going to do like Biden and promise something only his potential supporters would likely qualify for, so uneducated white males. Maybe a handgun and a case of beer.
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#125
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CommonStar
08/24/22 4:53:09 PM
#126:


theAteam posted...
By being left behind. I meet the income requirement. I've always supported student debt relief and still do, but why can't it extend to loans that were consolidated/refinanced?
It can, we just have to keep fighting for it and continue pushing the Democrats to expand the relief. I think all debt should be cancelled, but this is a good step. I don't want you to have debt either.
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Spiritlittle
08/24/22 4:53:56 PM
#127:


Biden just guaranteed his re-election as well.

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#128
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whitelytning
08/24/22 5:00:56 PM
#129:


Lost_All_Senses posted...
This is 10k to help fix a broken system.


How does this help fix the system?


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CommonStar
08/24/22 5:01:25 PM
#130:


Spiritlittle posted...
Biden just guaranteed his re-election as well.
Nah
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Skype
08/24/22 5:01:54 PM
#131:


Conservatives who love to be "Fuck you, I got mine" sure are whiny other people got theirs.

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Frosted_Midna
08/24/22 5:03:50 PM
#132:


Good news!

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Tyranthraxus
08/24/22 5:07:26 PM
#133:


IdiotMachine posted...
I guess if Trump and Biden runs again in 2024, I'll be forced to vote for Biden... Or just not vote... Because Trump is definitely not the sane choice at this time. If he didn't reject reality of losing and didn't steal classified material and then ran in 2024, I'd vote for him over Biden.

The two most popular republican candidates right now are Trump and DeSantis and DeSantis is literally even more insane than Trump.

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Spiritlittle
08/24/22 5:07:48 PM
#134:


[LFAQs-redacted-quote]

Who is going to run against him? Trump? He'll be in jail or banned from running for office and he'll lose again.

DeSantis? Fucking nut job that even Florida is starting to hate.

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megamanfreakXD
08/24/22 5:10:09 PM
#135:


of course physicians gets left in the dust for anything government related benefits once again

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Comfy_Pillow
08/24/22 5:11:36 PM
#136:


Wait so no money if you consolidated all your loans into 1?
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#137
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COVxy
08/24/22 5:13:24 PM
#138:


megamanfreakXD posted...
of course physicians gets left in the dust for anything government related benefits once again

As a physician, you understand the concept of triage, right?

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Lost_All_Senses
08/24/22 5:17:42 PM
#139:


whitelytning posted...
How does this help fix the system?

People who overpaid for schooling getting some debt relief. That wasn't meant to be taken too literal tho. I was using the word system loosely lol.

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ECW_Originals12
08/24/22 5:18:51 PM
#140:


First the rounds of Trump Bucks and now this? Hell, maybe politicians buying our votes ain't the worst thing after all lol.

Hopefully the entire college system gets an overhaul.
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Patty_Fleur
08/24/22 5:20:29 PM
#141:


Fuck Joe Biden. He's not helping me. Fuck him.
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Tyranthraxus
08/24/22 5:21:34 PM
#142:


Patty_Fleur posted...
Fuck Joe Biden. He's not helping me. Fuck him.
Don't you live in the UK or some shit

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Jagr_68
08/24/22 5:22:07 PM
#143:


Patty_Fleur posted...
Fuck Joe Biden. He's not helping me. Fuck him.

*sees username*

Fair, next.

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#144
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Patty_Fleur
08/24/22 5:25:38 PM
#145:


[LFAQs-redacted-quote]


I dont give a fuck
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justaguy3492
08/24/22 5:27:00 PM
#146:


Patty_Fleur posted...
Fuck Joe Biden. He's not helping me. Fuck him.

Patty_Fleur posted...
I dont give a f***


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Naysaspace
08/24/22 5:28:53 PM
#147:


So arw all the uneducated maga morons pissed off or what? Mwahahaha
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DarkRoast
08/24/22 5:34:15 PM
#148:


Canceling debt is meaningless without reform of higher education expenses. Congrats, anyone who still has a student loan gets $10,000 off. Sucks to be anyone who hasn't gone to college yet or already paid off their loans. You didn't win the taxpayer lottery.

And to be clear, I'm not against canceling student loan debt. But this is not the way to do it. It's completely arbitrary and simply rewards having loans in 2022. It does absolutely nothing to fix the underlying problem.

Canceling debt and lowering student interest rates, or dramatically lowering the cost of higher education, that would be an actual start. Just shaving off $10,000 with no legislation or price controls just means we are doing what the baby boomers did to millennials when they voted themselves tax breaks. Generation z is going to pay for it.

This is the same half-assed BS that gave us a neutered affordable care act. Democrats need to grow a pair of balls and actually create some reform.

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Trumpo
08/24/22 5:35:52 PM
#149:


This has cemented Biden to top 5 pres

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Tyranthraxus
08/24/22 5:37:25 PM
#150:


DarkRoast posted...
Canceling debt is meaningless without reform of higher education expenses. Congrats, anyone who still has a student loan gets $10,000 off. Sucks to be anyone who hasn't gone to college yet or already paid off their loans. You didn't win the taxpayer lottery.

And to be clear, I'm not against canceling student loan debt. But this is not the way to do it. It's completely arbitrary and simply rewards having loans in 2022. It does absolutely nothing to fix the underlying problem.

Canceling debt and lowering student interest rates, or dramatically lowering the cost of higher education, that would be an actual start. Just shaving off $10,000 with no legislation or price controls just means we are doing what the baby boomers did to millennials when they voted themselves tax breaks. Generation z is going to pay for it.

This is all Biden can do on his own. For a real long term fix, Congress needs to vote on it.

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