http://qualityg.blogspot.com/search?q=student+debt
I also put a search in on Yahoo and the following hits came up covering a wide range of subjects except ONE (The Cause)!!
https://search.yahoo.com/search?p=student+debt&fr=yfp-t&fr2=p%3Afp%2Cm%3Asb&ei=UTF-8&fp=1
Massachusetts
Sen. Elizabeth Warren believes policy is to blame for the $1.7 trillion student
debt crisis.
- Sen. Elizabeth
Warren said the student debt crisis was caused by "deliberate policy
decision." She wants $50,000 in debt relief for each student with Federal Loans.
- Even before Warren
became a lawmaker, she was looking into the student-loan industry as she
helped establish the Consumer Financial Protection Bureau, and as a
senator, she worked with the agency to uncover abuses
by student-loan companies that pushed borrowers into taking on more debt
than they could afford to pay off.
https://www.yahoo.com/finance/news/president-biden-forgives-nearly-4-200000606.html
So, are the people who ran this institution paying any money back? Are they in jail? Who are they?
Updated 8/24/22
https://www.cbsnews.com/news/student-debt-relief-will-cost-400-billion-over-a-decade-cbo/
Updated 10/18/22 and 10/22/22
Biden’s Department of
Education released its loan-forgiveness
application a few
days ago, which is incredibly simple. Applicants must state their annual income
to determine eligibility, and most will not be required to verify their income
with tax returns or other supporting documents. Biden’s distribution plan lacks
adequate protections against fraud. People who make $129,000 a year may falsely
claim they make less than $125,000 to receive $10,000 in debt relief.
10/22 - A federal appeals court has temporarily
blocked the Biden administration from moving forward with its student debt
relief program aiming to forgive billions of dollars in federal student loans.
The court action comes as six states argue that President Joe Biden has no grounds to
cancel debt for millions of borrowers.
The US Supreme Court
shot down the Biden administration’s controversial plan to forgive billions of
dollars in federally backed student loan debt.
Even the Senate and the House passed a bill in June 2023 to
block President Joe Biden’s student
loan forgiveness program.
The President will now try numerous end-runs to still get this program passed and pass the half-trillion dollars it will cost to taxpayers. This is wrong and illegal (Only Congress has the power to provide these kind of funds). He only wants to buy votes from a particular voting bloc.
Side Note -
A 28-year-old graphic designer who graduated from Arizona State University with $33,000 in student-loan debt, told The Washington Post that though she consistently made payments toward her loans, it was still difficult to make a dent in the balance.
"Now that the
Supreme Court has rejected the student-loan forgiveness, I have no hope,"
she told The Post.
I’m sorry you have not
learned howe to pay back a loan and I’m sorry Arizona State did not provide you
with an education that would afford you the opportunity to pay your loan. Have
you blamed them. What about the bank or institution that provided you the loans, have you blamed them? What about yourself?
I have three degrees and numerous certifications. The GI Bill paid for much of my education and then the company I worked for paid 75 percent of my education as long as I maintained a “C” average. My children have student loans and are paying them back with sacrificing other things in their lives. I’m sorry, but it is their responsibility to pay their loans, just as it is yours.
Updated 07/13/23 - Here we go again.
https://finance.yahoo.com/news/800-000-student-borrowers-39-124129466.html
800,000 student borrowers to get $39 billion in debt
- There is no debt forgiveness, it’s just being transferred from those who borrowed and gained from it, to the taxpayers at large.
- Buying votes, with our money.
- Please send 48K for me to apply to my mortgage, since I already paid my student loans.
This is unbelievable. It's about buying votes for a broken system. Again, where are the schools and colleges held accountable. Why are they allowed to just keep raising prices? Because people will pay, and financial institutions will keep lending money. The cycle continues because there are votes to gather in 2024.
Updated 02/21/24 - Unbelievable - Bribe and buying votes.
https://www.aol.com/biden-touts-student-debt-relief-215425762.htmlThis is disgusting. This is NOT debt relief. This is moving the debt to taxpayers. Biden says he wants to keep helping hard working Americans. Biden says, “I promise you: I’m never going to stop fighting for hard-working American families."
What about those of us (Hard Working Americans) that refinanced and worked two jobs to help their children through college. My kids have paid off their student loans, and I am still paying on my refinance mortgage.
Where is my relief. I have worked hard for over 40 years. How many years have those you have given debt relief worked?
I thought Congress controlled the purse strings. I thought a Suprem Court Ruling was the law. I thought wrong on both accounts. Why haven't they spoken up on this subject. No out cry. I hope the next administration reverses this decision on day 1.
138 billion dollars so far has been forgiven. Homeless Vets sure could use this money. Senior Citizens deserve this money in the way of better social security benefits and Medicare.
Updated 04/12/24 - Thank You!
The Penn Wharton
Budget Model (PWBM) estimated the proposed plan announced earlier this
week would cost around $84 billion.
https://www.yahoo.com/news/biden-canceling-student-debt-more-093032963.html
As an Independent, I will NOT vote for any Democrat this election. I'm also having a hard time voting for a Republican.
