Current Events > Joe Biden said he's going to forgive my student loan!

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Cocytus
07/14/23 10:39:54 AM
#1:


Hallelujah. Anybody else get a message, email, about the government automatically putting these things into idr and then forgiveness?

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Questionmarktarius
07/14/23 10:43:22 AM
#2:


Isn't the "pay twenty years, and it evaporates" a normal thing, tho?
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Cocytus
07/14/23 10:44:53 AM
#3:


Questionmarktarius posted...
Isn't the "pay twenty years, and it evaporates" a normal thing, tho?
Something like that. I forget how that works. But I'll take this offer that's for damn sure.

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Cocytus
07/14/23 12:10:47 PM
#4:


Just me then that got this ray of sunshine into my life...?

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s0nicfan
07/14/23 12:15:01 PM
#5:


Questionmarktarius posted...
Isn't the "pay twenty years, and it evaporates" a normal thing, tho?

Yes. The thing Biden did is tweak the rules around what payments count towards the total required, but it still requires someone actually paying off their debt regularly over a couple decades to qualify:
https://www.bbc.com/news/world-us-canada-66205087
Borrowers are eligible for the forgiveness after 20 or 25 years of payments, depending on their plan, officials said.

The US government offers multiple types of income-driven repayment plans, known as IDR plans, under which borrowers make a monthly loan payment based on their income over the course of 20 or 25 years.

The administration first announced it would make changes to the plan in April 2022 to address "historical inaccuracies in the count of payments that qualify toward forgiveness under IDR plans", the education department said.


EDIT: So I assume it's something like "partial payments count as full payments for the tally", meaning someone that hypothetically paid $1/month for 25 years will have their loan cancelled.

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LightHawKnight
07/14/23 12:15:45 PM
#6:


Looks like Biden admin is forgiving 39 billion in student debt?

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Requiem
07/14/23 12:17:22 PM
#7:


Basically, it comes down to if you were making an honest effort to pay off the debt for the last 20 years, the government will overlook ts that weren't crossed or is that weren't dotted.

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s0nicfan
07/14/23 12:20:58 PM
#8:


Requiem posted...
Basically, it comes down to if you were making an honest effort to pay off the debt for the last 20 years, the government will overlook ts that weren't crossed or is that weren't dotted.

Which, ironically, means that all those "I'm refusing to pay my loan until it's forgiven" folks from the last year have just disqualified themselves for this new plan.

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TaylorHeinicke
07/14/23 12:21:11 PM
#9:


What if I don't have an email address

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Kradek
07/14/23 12:21:50 PM
#10:


The Biden admin has already forgiven billions in debt even before all of this, shame he doesn't get any recognition for it because it wasn't a blanket forgiveness like what the SC recently blocked.

But regardless, he never seems to get credit for the millions he's already helped.

Ugh, as loathe as I am to cite CNN, it's hard finding articles not just talking about the current situation when I seek to go back further:

https://www.cnn.com/2023/07/01/politics/student-loan-forgiveness-biden-borrowers/index.html

s0nicfan posted...
Which, ironically, means that all those "I'm refusing to pay my loan until it's forgiven" folks from the last year have just disqualified themselves for this new plan.

I'd be surprised if pandemic payment pause adversely affects this, more like it just doesn't give them credit for the 3 years. But who knows, maybe they'll say fuck it and go "we know you would have been making the payments, so we'll include it".

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Cocytus
07/14/23 12:21:53 PM
#11:


LightHawKnight posted...
Looks like Biden admin is forgiving 39 billion in student debt?
Yeah, that's what they were saying.

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Cocytus
07/14/23 12:23:25 PM
#12:


TaylorHeinicke posted...
What if I don't have an email address
I imagine you will be notified by mail.

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Heineken14
07/14/23 12:24:39 PM
#13:


Kradek posted...
The Biden admin has already forgiven billions in debt even before all of this, shame he doesn't get any recognition for it because it wasn't a blanket forgiveness like what the SC recently blocked.


Yeah, but he didn't forgive MY loans, so he's fucking worthless and I hate democrats because they are liars and I will never vote for a democrat again!

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Questionmarktarius
07/14/23 12:26:09 PM
#14:


Kradek posted...
I'd be surprised if pandemic payment pause adversely affects this, more like it just doesn't give them credit for the 3 years. But who knows, maybe they'll say fuck it and go "we know you would have been making the payments, so we'll include it.
I don't think the payments need to be consecutive and regular to qualify.
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s0nicfan
07/14/23 12:27:20 PM
#15:


Kradek posted...
I'd be surprised if pandemic payment pause adversely affects this, more like it just doesn't give them credit for the 3 years. But who knows, maybe they'll say fuck it and go "we know you would have been making the payments, so we'll include it.

I was talking more the people saying they're just going to stop paying entirely once payments resume, not the folks not paying due to the pause. This basically tells those folks they actually have to keep paying if they want forgiveness.

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emblem-man
07/14/23 12:27:57 PM
#16:


Is this about the new SAVE plan?

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Torgo
07/14/23 12:29:41 PM
#17:


anyone ever play Heinkyo alien?

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emblem-man
07/14/23 12:33:28 PM
#18:


Kradek posted...
The Biden admin has already forgiven billions in debt even before all of this, shame he doesn't get any recognition for it because it wasn't a blanket forgiveness like what the SC recently blocked.

But regardless, he never seems to get credit for the millions he's already helped.

Ugh, as loathe as I am to cite CNN, it's hard finding articles not just talking about the current situation when I seek to go back further

Yep. All the doomers won't say shit though
https://gamefaqs.gamespot.com/a/user_image/2/7/4/AADgb_AAElCS.jpg

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Kradek
07/14/23 12:34:46 PM
#19:


s0nicfan posted...
I was talking more the people saying they're just going to stop paying entirely once payments resume, not the folks not paying due to the pause. This basically tells those folks they actually have to keep paying if they want forgiveness.

My mistake, however the people you're talking about weren't required to make payments in the last year, so my understanding is that now that payments are resuming if they just stop the mentality you discussed then they wouldn't be adversely affected as long as they resume making payments.

Heineken14 posted...
Yeah, but he didn't forgive MY loans, so he's fucking worthless and I hate democrats because they are liars and I will never vote for a democrat again!

Yep, goes to show how sadly even many Dem-likely voters are still, "fuck you, where's mine?" in their mentality and can't appreciate others benefiting and having their life changed being better than nothing ever changing for anybody. It's why it speaks absolutely nothing of character when people only care about issues/results that directly affect them. Well, nothing good anyways.

Questionmarktarius posted...
I don't think the payments need to be consecutive and regular to qualify.

That's good.

emblem-man posted...
Yep. All the doomers won't say shit though
https://gamefaqs.gamespot.com/a/user_image/2/7/4/AADgb_AAElCS.jpg

Appreciate that supporting graphic showcasing the different headlines people can look up for further research.

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noisetank
07/14/23 12:34:48 PM
#20:


hell yeah, TC!

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Cocytus
07/14/23 12:35:47 PM
#21:


noisetank posted...
hell yeah, TC!
Thanks bro! <3

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s0nicfan
07/14/23 12:39:02 PM
#22:


Kradek posted...
My mistake, however the people you're talking about weren't required to make payments in the last year, so my understanding is that now that payments are resuming if they just stop the mentality you discussed then they wouldn't be adversely affected as long as they resume making payments.

Yea, no problem. I should have been more clear since, as you pointed out, even the people saying they aren't going to pay haven't had to pay over covid.

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Agent_Stroud
07/14/23 12:53:26 PM
#23:


s0nicfan posted...
Yea, no problem. I should have been more clear since, as you pointed out, even the people saying they aren't going to pay haven't had to pay over covid.

Gotta give Uncle Joe credit for this one, as the temptation of having ones student loans forgiven if they just start making payments on a regular basis is definitely some psychology 101 stuff given their outright refusal to resume payments after the moratorium ended.

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s0nicfan
07/14/23 12:57:09 PM
#24:


Agent_Stroud posted...
Gotta give Uncle Joe credit for this one, as the temptation of having ones student loans forgiven if they just start making payments on a regular basis is definitely some psychology 101 stuff given their outright refusal to resume payments after the moratorium ended.

It's the right call. Forgiveness for people who made an honest effort, but you're disqualified if you try to cheat the system. It's the exact same approach he's taken for the border: if you're caught crossing you're disqualified for the regular application process but if you follow the rules you have a much better chance of getting approved. Encouraging good behavior rather than rewarding shitty behavior is a good move.

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1337toothbrush
07/14/23 1:00:57 PM
#25:


Heineken14 posted...
Yeah, but he didn't forgive MY loans, so he's fucking worthless and I hate democrats because they are liars and I will never vote for a democrat again!
Well Biden was instrumental in creating the student loan crisis in the first place, so you may want to excuse people for not being impressed with the tiny fraction of the loans that have been forgiven.

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NatsuSama
07/14/23 1:03:38 PM
#26:


@questionmarktarius
Isn't the "pay twenty years, and it evaporates" a normal thing, tho?
Yes and no.

It's suppose to operate that way but there many ways that you can become unqualified. That's non even counting the ones who are qualified but still paying 20+ years later.

Anyway, I don't qualify since it hasn't been 20 years, but congrats TC

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Cocytus
07/14/23 1:07:18 PM
#27:


NatsuSama posted...
@questionmarktarius
Yes and no.

It's suppose to operate that way but there many ways that you can become unqualified. That's non even counting the ones who are qualified but still paying 20+ years later.

Anyway, I don't qualify since it hasn't been 20 years, but congrats TC
Thanks man.

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Sandalorn
07/14/23 1:21:33 PM
#28:


1337toothbrush posted...
Well Biden was instrumental in creating the student loan crisis in the first place, so you may want to excuse people for not being impressed with the tiny fraction of the loans that have been forgiven.


LOL...You're just the best man. It's like you're in your own contest to see if you can make the worst, most petty and bitter post in every thread you enter. And you're winning!!

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Questionmarktarius
07/14/23 1:23:40 PM
#29:


1337toothbrush posted...
Well Biden was instrumental in creating the student loan crisis in the first place, so you may want to excuse people for not being impressed with the tiny fraction of the loans that have been forgiven.
That happened in 1993.
https://www.congress.gov/bill/103rd-congress/house-bill/2055
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Sandalorn
07/14/23 1:25:15 PM
#30:


Questionmarktarius posted...
That happened in 1993.
https://www.congress.gov/bill/103rd-congress/house-bill/2055


Don't treat him seriously. Nothing he posts is ever in good faith. Just laugh and have a good time with it and thank god you don't live that life of misery.

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ModernPost
07/14/23 1:26:02 PM
#31:


s0nicfan posted...
Which, ironically, means that all those "I'm refusing to pay my loan until it's forgiven" folks from the last year have just disqualified themselves for this new plan.
Federal student loans are still on pause, so I'm not sure who you're referring to.

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1337toothbrush
07/14/23 1:56:06 PM
#32:


Sandalorn posted...
LOL...You're just the best man. It's like you're in your own contest to see if you can make the worst, most petty and bitter post in every thread you enter. And you're winning!!

Questionmarktarius posted...
That happened in 1993.
https://www.congress.gov/bill/103rd-congress/house-bill/2055

Sandalorn posted...
Don't treat him seriously. Nothing he posts is ever in good faith. Just laugh and have a good time with it and thank god you don't live that life of misery.

https://www.theguardian.com/us-news/2019/dec/02/joe-biden-student-loan-debt-2005-act-2020

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asdf8562
07/14/23 1:57:49 PM
#33:


1337toothbrush posted...
https://www.theguardian.com/us-news/2019/dec/02/joe-biden-student-loan-debt-2005-act-2020
Still pretending to be a progressive?
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1337toothbrush
07/14/23 1:58:52 PM
#34:


asdf8562 posted...
Still pretending to be a progressive?
Do you think Biden is a progressive and that me criticizing him makes me not progressive?

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asdf8562
07/14/23 2:00:45 PM
#35:


1337toothbrush posted...
Do you think Biden is a progressive and that me criticizing him makes me not progressive?
You could have just answered yes. I can do without the attempt to convince me your constant "both sides the same" gimmick is totally progressive.
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1337toothbrush
07/14/23 2:05:12 PM
#36:


asdf8562 posted...
You could have just answered yes. I can do without the attempt to convince me your constant "both sides the same" gimmick is totally progressive.
What both sides? Do you think me criticizing Biden elevates republicans? You really need to stop with the sports-team-like mentality for politics.

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Cocytus
07/14/23 2:12:56 PM
#37:


Who cares he's doing the right thing now.

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1337toothbrush
07/14/23 2:15:01 PM
#38:


Cocytus posted...
Who cares he's doing the right thing now.
He's barely made a dent in the problem he helped create and it doesn't solve anything for future borrowers.

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Cocytus
07/14/23 2:15:52 PM
#39:


1337toothbrush posted...
He's barely made a dent in the problem he helped create and it doesn't solve anything for future borrowers.
Progress

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1337toothbrush
07/14/23 2:16:33 PM
#40:


Cocytus posted...
Progress
One baby step forward after a hundred steps back.

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fsurb28
07/14/23 2:18:34 PM
#41:


1337toothbrush posted...
Do you think Biden is a progressive and that me criticizing him makes me not progressive?
Your history shows youre not progressive in any way shape or form, feel free to keep being un1337!

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asdf8562
07/14/23 2:19:16 PM
#42:


1337toothbrush posted...
What both sides? Do you think me criticizing Biden elevates republicans? You really need to stop with the sports-team-like mentality for politics.
Oops, how could I forget the other usual gimmicks.
The "nothing is ever good enough" gimmick.

The "ignore what's happening today, pay attention to something a decade plus ago"

Lastly my personal favorite, the roundabout reasons why Dem voters should feel they should stay home/why bother vote (this one in particular usually goes about this one in various ways. For example, ignoring Dems dont have the numbers to pass campaign promises, and claiming in various ways why vote for Dems, or Dems never wanted it, or something close to that nature. So in some way they are the same as the GOP, or here's X reasons why you should split the party vote to some other guy.)
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1337toothbrush
07/14/23 3:05:19 PM
#43:


fsurb28 posted...
Your history shows youre not progressive in any way shape or form, feel free to keep being un1337!
I don't even know who you are but supposedly you know my history? Nah, the reality is that you're just going off what trolls claim is my "history".

asdf8562 posted...
Oops, how could I forget the other usual gimmicks.
The "nothing is ever good enough" gimmick.

The "ignore what's happening today, pay attention to something a decade plus ago"

Lastly my personal favorite, the roundabout reasons why Dem voters should feel they should stay home/why bother vote (this one in particular usually goes about this one in various ways. For example, ignoring Dems dont have the numbers to pass campaign promises, and claiming in various ways why vote for Dems, or Dems never wanted it, or something close to that nature. So in some way they are the same as the GOP, or here's X reasons why you should split the party vote to some other guy.)
Sorry I'm not satisfied with scraps like you are. I didn't say anything about staying home or not bothering voting, but you apparently have a strawman all ready to attack so I won't interrupt the fun you're having with yourself.

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RuneterranSnap
07/14/23 3:06:12 PM
#44:


He's gonna pay mine too, or it's just gonna sit there unpaid

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Sandalorn
07/14/23 3:29:55 PM
#45:


fsurb28 posted...
Your history shows youre not progressive in any way shape or form, feel free to keep being un1337!


"Hey, just because this is my 734,000 post diminishing and deflecting from any good Democrats have done doesn't make me not a progressive!!"

Worse gimmick than Tony at this point.

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asdf8562
07/14/23 3:33:10 PM
#46:


Sandalorn posted...
"Hey, just because this is my 734,000 post diminishing and deflecting from any good Democrats have done doesn't make me not a progressive!!"
For real lol
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Patty_Fleur
07/14/23 3:41:50 PM
#47:


Fuck Joe Biden
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1337toothbrush
07/14/23 7:46:17 PM
#48:


Notice how these people can't even counter what I post, they just resort to ad hominem or strawmen. How about you address the content of my posts instead of foaming mad over some imaginary "history" you people are making up?

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