Quote :

"anyone in favor of helping themselves to my bowl to pay for their college."

This is a message board for a public university, 50-75% of the people here had help from the state to pay for their college.

8/25/2022 1:06:53 PM

Feels like a lot of misdirected frustration here. People upset about the loan forgiveness maybe should really direct their anger at what seems to be an increasingly broken education system.

8/25/2022 2:16:32 PM

student debt forgiveness: rawr!
PPP loan forgiveness: *crickets*

8/25/2022 2:51:37 PM

^

8/25/2022 3:15:31 PM

just when the red wave was starting to fade we gotta give boomers this...

8/25/2022 3:21:31 PM

Thankfully they'll all be dead in a decade or two.

8/25/2022 3:31:48 PM

Completely predictable

https://www.theverge.com/2022/8/25/23322086/ford-mustang-mach-e-price-increase-2023

8/25/2022 5:20:09 PM

hasn't the cost to buy a car shot up like crazy over the past two years anyway? Are you saying that this is all Biden's fault?

8/25/2022 5:58:56 PM

Duke, let's be honest, you're just trying to justify to yourself to vote for DeSantis. You keep side stepping the questions about his march towards authoritarianism and ignoring his homophobic attacks.

8/25/2022 7:15:22 PM

This thread is top level social media trolling

Quote :

"Congresswoman Marjorie Taylor Greene had $183,504 in PPP loans forgiven. twitter.com/Acyn/status/15… "

https://twitter.com/WhiteHouse/status/1562916200866267138

Been all over Twitter glad to the official account jumping in

8/25/2022 7:22:41 PM

^^ what have i sidestepped?

I don’t want to vote for him and currently have no plans to. All I’m saying is that I am not yet prepared to say “no way” until I see what that election shapes up to be. There are, however, red lines. That doesn’t mean I have no problem with anything short of any red lines.

And in any case, this has nothing to do with that.

It’s like you guys somehow can’t resolve that I hate Trumpism with a fire that I expect even many liberals don’t match, but I’m still center-right and don’t approve of bullshit leftist wealth redistribution and money wasting.

[Edited on August 25, 2022 at 10:32 PM. Reason : ]

8/25/2022 8:06:16 PM

They want dat 190% echo chamber idk

8/25/2022 8:22:08 PM

How is his current actions aren't a redline for you?

Also, I'm very clear that this isn't ideal policy, so no idea what you're talking about.

8/25/2022 8:24:42 PM

just gonna assume that HaLo post is some sort of satire

8/25/2022 9:21:13 PM

Other than people who only owe 10-20k is anybody entirely happy about this? I was supposed to have my loans completely cancelled after 10 years of teaching until Betsy Devos changed a lot of the rules, so I'm still stuck with a really high balance- even after getting pell grants during my undergrad.

I think it's a step in the right direction, but as someone pointed out, the anger about it being 'fair' is sort of a distraction from the core of the issue: college tuition is out of control, it has been for years, and something needs to be done because it's a huge problem that's not going to go away.

8/25/2022 9:22:25 PM

much easier to be happy about this than other industries getting even bigger subsidies

8/25/2022 9:31:28 PM

^^^ just more inflation…it’s all good though

[Edited on August 25, 2022 at 9:33 PM. Reason : .]

8/25/2022 9:33:14 PM

due to the narrow cancellation of student debt?

[Edited on August 25, 2022 at 9:34 PM. Reason : .]

8/25/2022 9:34:24 PM

^Ford price increase

Although debt cancellation will also have an inflationary effect, not a big one but it will be there

8/25/2022 9:36:52 PM

Honestly, how? Student loan payback was already paused. It's not like most of these people had 10k in the bank waiting to spend it on loans

8/25/2022 10:04:39 PM

Before I answer your simple question I’d like the data that supports

Quote :

" It's not like most of these people had 10k in the bank waiting to spend it on loans"

8/25/2022 10:08:41 PM

I mean, it's mostly common sense that shouldn't need a source, but sure

Quote :

"By comparison those owing student debt had a median wealth of only $8,700."

from one of the tables



https://www.pewresearch.org/social-trends/2014/05/14/section-1-student-debt-and-overall-economic-well-being/

8/25/2022 10:29:43 PM

So those that received the 10k now have 10k more “to spend” so now things get more expensive because demand goes up. Like I said the inflationary affect is low but it is inflationary.

Does anyone know if the cancellation is considered taxable? I’d assume so since it was done outside of a tax code change

[Edited on August 25, 2022 at 10:41 PM. Reason : .]

8/25/2022 10:36:39 PM

Mate, you're not answering the question.

Student loan repayment was already paused, what proof do you have that these people are suddenly going to spend 10k on the economy? If you're 40k in debt, not paying it back, and suddenly it goes to 30k in debt...where are they spending money?

You back up your point now

[Edited on August 25, 2022 at 10:46 PM. Reason : A]

8/25/2022 10:45:03 PM

You’re correct, since the payments are currently paused the inflationary affect won’t be felt until after the payments resume. Your data shows that 90% are making payments on time so if that 90% has their payment go from 500/month to 400/month they will actually have 100 extra per month (which causes inflation) when they start repaying. Of course restarting the payments will have a pretty healthy deflationary affect (which is why Biden delayed until after the election again).


[Edited on August 25, 2022 at 11:08 PM. Reason : .]

8/25/2022 11:07:13 PM

And that also makes the assumption that people won't make the same payment to pay off their loan quicker.

Even if there was an inflationary impact, it won't be felt for some time and it would likely be statistically insignificance. It's not like you're writing a check for 10k to people

8/25/2022 11:13:42 PM

Cfnc said payment pause for past 2+ years didn’t apply to them. Some say this may not apply either. Isn’t cfnc like federal money?

8/25/2022 11:59:56 PM

8/26/2022 2:16:35 AM

biden really brings into question so called abelists. who can defend someone in biden's state. independent analysts prove his decline yet you cant attack him for being dumb?

8/26/2022 5:06:03 AM

"Clinically Proven Effectiveness!"

8/26/2022 8:29:45 AM

people who are mad:

1) boomers
2) people who paid off their loans in december

(data gathered from facebook)

8/26/2022 8:38:48 AM

3) people who paid off their loans 10 years ago, because they had fiscal responsibility in their decision making

8/26/2022 10:17:45 AM

I stand to benefit immensely from the announcement, and I think it is ridicoulous.

8/26/2022 10:32:55 AM

4) people who worry too much about what other people are doing

*I never had student loans, undergrad was relatively cheap in my day

8/26/2022 10:52:15 AM

5) people worried about what the federal government is doing with their tax money

8/26/2022 12:25:10 PM

6) douchebags

8/26/2022 3:03:32 PM

7) jealous hypocrites

8/26/2022 3:36:52 PM

still laughing at HaLo posting that Ford article

8/26/2022 4:00:18 PM

StTexan, I got the same script from CFNC.

Then I got on a chat with DoED, and they said that I had federal loans, thus I applied to the announcement.

So when you fill out your FAFSA, you are assigned to a servicer for the loan - you have no choice. I, just like you, was assigned to CFNC. Their loans are federally funded but not federally owned, but seems like, coming from the horses mouth (DoED), we will be able to claim forgiveness.

8/26/2022 4:21:31 PM

Quote :

"Gallup: President Biden's job approval rating is up six percentage points to 44% — his highest in a year."

https://twitter.com/kylegriffin1/status/1563119061222965248

8/26/2022 7:51:40 PM

^^right now website says something like “seeking guidance from dept of ed”…lol what more fucking guidance do you need?!?! Next payment auto drafted sept 9, hopefully an answer by then. Are you going to continue paying? I owe just over 8k more

8/26/2022 10:19:13 PM

Subtitles are a little wrong, but GG:

8/27/2022 9:34:37 AM

GOT 'EM

8/27/2022 1:06:35 PM

Called TF out!

8/27/2022 4:53:57 PM

StTexan, I don't see how we have any choice but to keep paying until we've heard otherwise.

I also heard that you can call and have all of the payments they received during covid refunded. Not sure if that applies to CFNC or not.

8/28/2022 3:56:48 PM

I guess refinancing to private loans years ago with a better interest rate WASN'T the best financial decision.

8/29/2022 4:08:01 PM

I don't see how one could beat my 2.25%

8/29/2022 4:48:01 PM

StTexan, this is us:

https://www.cnbc.com/2022/08/29/how-more-ffel-borrowers-may-qualify-for-student-loan-forgiveness.html?utm_content=Main&utm_medium=Social&utm_source=Facebook#Echobox=1661789653

8/30/2022 1:41:41 PM

Why does he keep reminding gun nuts they need an F-15 to fight the government? I'm not sure what taunting these people accomplishes.

8/30/2022 6:50:47 PM

Because he knows they can't get an F-15?

8/30/2022 7:20:11 PM