Your Lord knows very well what is in your heart. Your soul suffices this day as a reckoner against you. I need no witnesses. You do not listen to your soul, but listen instead to your anger and your rage.
It's nice for people who currently have student loans, but other than that stupid and ultimately pointless. Universities will likely just jack up their prices.
43 million Americans have student loan debt, so it's arguably the most effective Government relief program in decades.
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"The Daemon lied with every breath. It could not help itself but to deceive and dismay, to riddle and ruin. The more we conversed, the closer I drew to one singularly ineluctable fact: I would gain no wisdom here."
While it's not perfect, I am pleasantly surprised Biden actually managed to pull it off.
In addition to the 10-20k, they are even covering unpaid interest. Going forward, as long as borrowers stay current with monthly payments, they won't have to pay more than their original loan. This includes income-based repayment plans, which can allow borrowers to have 0$ monthly payments.
how would you propose that the executive branch accomplishes that? $80 minimum wage?
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"The Daemon lied with every breath. It could not help itself but to deceive and dismay, to riddle and ruin. The more we conversed, the closer I drew to one singularly ineluctable fact: I would gain no wisdom here."
then what's your point really. I mean if we're talking about perfect scenarios then higher education should just be free, along with food, housing and power. Perfect is the enemy of good however, and there's nothing wrong with incremental steps to improve peoples' quality of life.
As for the rest of you I really don't understand the midwit cynicism on display in here. As I pointed out above there are 43 million Americans with student debt. Half of them have less than 10k in debt, meaning that for those people their debt is completely wiped out. Considering that most of the people who have student loans are young adults and therefore people who are just getting started with their lives and our financially vulnerable, how can anyone with a brain say that this is not a titanic burden lifted off our society.
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"The Daemon lied with every breath. It could not help itself but to deceive and dismay, to riddle and ruin. The more we conversed, the closer I drew to one singularly ineluctable fact: I would gain no wisdom here."
Last edited by Tzeentch on Aug 27th, 2022 at 05:56 PM
it was free for me, I got grants in the UK to go to University. It meant diversity of ethnic and economic groups was more common then in HE. All gone now, only for the rich tbh. Sending my kids has cost me a fortune.
My point is that a single income for a person with only a high school education used to be enough to comfortably sustain a family with 3+ children whilst buying a property. Now a couple both with university level educations could barely afford to rent a 1 bed apartment due to cost of living outstripping earnings by an enormous amount.
Having private debt written off or paid for by the taxpayer will just encourage those institutions who are owed the debt to continue their practices because they'll think the government will always cough up regardless. This exact scenario is playing out right now in the banking industry. It also means that employers won't get any pressure into paying employees a fair rate because they know the government will step in to help. This exact situation is currently playing out in the UK where energy bills are skyrocketing and the government is giving households money to pay their bills and low and behold the energy companies have already announced that bills are to double again in January. The energy price cap now having gone from £1,300 in March 2022 to £3,549 yesterday and expected to go as high as £7,700 buy April 2023 and so long as the government keeps stepping in to pay people's bills I wonder what will keep happening to the prices.
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Aug 27th, 2022 02:24 AM
