Biden Administration's Student Loan Debt Plan Masterthread
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Biden Administration's Student Loan Debt Plan Masterthread
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08-28-2022, 10:42 PM
I think the way to solve the problem is just to have borrowers pay 5% of their income every month until it's paid off or they die. They should get rid of forbearance and deferments. A person should be able to budget to 95% of their total income. If you make no income, you pay nothing. 5% of zero is zero. That way every borrower must pay back something if they earn any money.
08-29-2022, 03:04 AM
(08-28-2022, 10:42 PM)ifomonay Wrote: I think the way to solve the problem is just to have borrowers pay 5% of their income every month until it's paid off or they die. They should get rid of forbearance and deferments. A person should be able to budget to 95% of their total income. If you make no income, you pay nothing. 5% of zero is zero. That way every borrower must pay back something if they earn any money. Are you also proposing to set the interest to 0%?
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08-29-2022, 08:53 PM
overlooked borrowers
How more FFEL borrowers may qualify for student loan forgiveness (cnbc.com)
10-19-2022, 05:55 PM
Republicans throw a block
Supreme Court asked to block Biden student debt relief program (cnbc.com) 
10-19-2022, 06:22 PM
(10-19-2022, 05:55 PM)Alpha Wrote: Republicans throw a block By luck, I saw a similar article about that. Amazing that they even got it to the supreme court this fast. A lot of judge shopping was done to get to this point. The reality is all these lawsuits are bogus in that they have no legal standing. But a judge might overlook the flawed legal standing in order to address the larger issue of if the president has the power to forgive student loan debt without an act of congress. I suggest filling out the application ASAP since it will be next to impossible to do anything about it once the money has been paid out. If there is no injunction or court ruling, money will be paid out before long. Any guesses on the odds? Place your bets.
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10-20-2022, 07:49 PM
SCOTUS denies request to block Biden's student loan forgiveness plan due to lack of standing
https://www.axios.com/2022/10/20/scotus-...-tax-group
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10-20-2022, 07:58 PM
So, does that mean Biden's plan is going through and everyone effectively gets a max of $20K USD removed from their debt?
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10-21-2022, 09:37 AM
(10-20-2022, 07:58 PM)bjcheung77 Wrote: So, does that mean Biden's plan is going through and everyone effectively gets a max of $20K USD removed from their debt? It's not over 'til it's over https://www.cnn.com/2022/10/20/politics/...index.html |
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