Most of us also had free health care and pension plans or other retirement. The minimum wage, even at $15/he is worth less than when you started and college is way more. It’s so unfair how we continue to put down these entitled, lazy
Kids when most work so much harder and can’t afford homes or most anything when they pay so much for health insurance, not have dental
Coverage. Child care is now $12,000 to $24,000 yearly. I think we need to reassess their lives based on todays cost of living vs what ours was.

My parents worked hard and paid for me. I worked hard, and the kids too, to pay for my 2 to go to college. No vacations during those years, drove old cars. Why should I be paying other peoples loans. Pitiful.

Really????? Are you suggesting that the IRS puts out politically biased "facts"???? Get real.

They will put out "correct" information after they hire 87,000 new Lois Lerner clones,

On a positive note…
 

Prior to my Coast Guard retirement, I ran an office in Boston. Most of the men and women working for me joined the Coast Guard and requested to work in Boston because they got free tuition at any state school there. So, they chose to serve their country by day and study at night to better themselves.
So, who got the better education…those who went through boot camp and worked by day and studied by night…or those who got handouts?

Loan forgiveness
 

So what about the PPP?
Representative Marjorie Taylor Greene (R-GA) had $183,504 in PPP loans forgiven.
Representative Vern Buchanan (R-FL) had more than $2.3 million in PPP loans forgiven.
Representative Markwayne Mullin (R-OK) had more than $1.4 million in PPP loans forgiven.
Representative Kevin Hern (R-OK) had more than $1 million in PPP loans forgiven.
Representative Mike Kelly (R-PA) had $987,237 in PPP loans forgiven.
Representative Matt Gaetz (R-FL) had $482,321 in PPP loans forgiven.

Well I am sure things were quite different then. We had not had a three year pandemic where people could not go out of their homes due to getting Covid, restaurants going out of business this no part time jobs, and now groceries, gas and rent so high people are stretched to the limit because of the ripple effect of the pandemic! It was a different time with different circumstances. Finally, wishing someone else have a hard time because we might have had a hard time is selfish!

You are correct. When I started college at a parochial school in 1972, my parents both worked, but I still qualified for Pell GRANTS that provided about $3,000 a year, and I also got about $3,000 a year in loans that I wouldn’t have to start paying back until ten months after I stopped going to school. The interest was paid by the government while I was in school, and it was only 3% after I finished. I was in school until I earned my Ph.D., and then I got a decent job and paid off my total of $12,000 in loans in full in 1983 before I paid any interest. (I worked summers and paid most of my school costs that way. The loans helped a lot, though.)

When I became a university professor in 1986, Pennsylvania taxpayers paid 56% of the costs of running the 14 campuses of the State System of Higher Education. Nearly all of the students were middle class, working class, or poor, and a huge percentage of the kids were the first ones in their families to attend college. Tuition was kept low. It was a good investment. The graduates became teachers and worked in businesses all over the state and paid taxes. For the past twenty years, though, the state has only paid about 25% of the cost of running these universities. Students and their families had to take out more loans to pay the now-doubled tuition fees. Government grants and low-interest education loans were now available only to the poorest students, so parents borrowed money from companies that charged interest right away, and at a higher rate.

This is the source of the student loan problem. Now we the people are being asked to pay after the fact to cover a small part of the cost of loans that students wouldn’t have needed or would have got at better rates when I started college because the government covered more of the costs.

I understand not wanting to pay high taxes. It’s complicated, though. Sometimes paying in advance to help Americans get good educations at state schools makes more sense than having to pay to help clean up the mess years later.

Meanwhile, Congress—both sides of the aisles—allowed scam schools without standard accreditation to prey on students, offering low-quality educations at high prices with easy access to expensive, predatory loans. These schools are the source of many of the student loan problems. They should be forced to repay what they stole from students, and the predatory lenders should be forced to cancel all interest charges.

Just to add to this thread
 

1 - As a result of this, many universities are talking students into useless degrees that do not pay enough to both live and make their student loan payments at the same time.
2 - The government guaranteed the student loans, so universities saw dollar signs and went on a hiring binge so many have more administrative staff than teachers. All on the backs of students getting loans that they knew would not be defaulted on.
3 - To maintain the gravy train, students were talked into going to college instead of a vocational or technical school where many would have thrived.

I don't like loan forgiveness, but this is not a good situation. Predatory lending to teenagers is a lot of what is going on.

Regarding the skilled trades. At a very early age I needed to work to help support my parents and siblings. I became a plumber's apprentice and after five years took a huge leap of faith and formed my own commercial plumbing business. On the side I purchased and renovated rundown homes which I then leased out. First one, then two, then four, then eight, etc. Eventually hired other tradespeople to help with the renovations. After 35+ years I now own 996 apartments and enjoy a high seven-figure annual income. All it took has a plan, a committed spouse and a lot of hard work; no college degree. College is definitely NOT for everyone.

It’ll be struck down by the USSC. The president doesn’t have the authority to retire any of the debt.

Do you have a degree in constitutional law?

Neither does Pelosi. I don't seem to be able to find Biden saying the president does not have the power, but Pelosi did. I am positive Biden does not have degree in constitutional law. But, as President he has a large staff that he asks "can I do" and "how do I do" things. Wanna bet HIS constitutional lawyer told him how to do it?

And yeah, lets just jump to "what can he GET AWAY WITH"

I am facing a permanent ban, but so be it. Since you and others started this. It does seem that conservatives can say whatever they want, and let a liberal (me) challenge it and bam, ban.

But, after 5 years of Trumps doing things that were unconstitutional and immoral, you have the nerve to come on here and talk about Biden. After 20 proven lies per day for 5 years (30,000 lies) you all have the nerve to come on here and complain about a few lies since he was elected. With Trumps constant stream of malapropisms you have the nerve to come on here and complain about a single gaff (vaccine prevents COVID). And, after tenon investigations BY REPUBLICANs into Hillary, you have the nerve to support a president that stole 30 boxes of WH documents with over 300 of the classified. It irony that Trump is likely to be put in jail based on a law HE signed into law to "protect" classified documents is fitting.

So, that I expect to be my final post, I have a few points all ready, and to be honest I am sick and tired of the hypocrisy here, and the people that constantly put out one and two liner quotes from FOX, OAN and NewsMax. (You remember FOX the station being sued for billions of dollars for lying. The station where the talking heads own lawyers say no intelligent person would believe anything they say - yeah, those people.)

Stop whining! Back in your day, college tuition wasn't anything like it has been in the last 20 years. Give the younger generation a break. Most will not be able to buy a house like you did, or live comfortably like you do. So cut them some slack. Better our tax dollars go to help our citizens, than to increase our already over bloated military budget or support another war!

Probably not, however, look at the bright side:

Today's DS headline was that the Euro has now fallen below par with the dollar. This means all those who prefer European style socialist crap holes will have more spending power due to the increased value of their "greedy predatory capitalist" dollars:1rotfl::1rotfl::1rotfl:

Does that include the military aid to Ukraine?

I agree that college is not for everyone, but you became successful as a businessperson, not as a plumber. A lot of master plumbers are great at plumbing work, but they are never able to run a successful business where they need to hire and manage other employees.

AKA "The Peter Principal":1rotfl::1rotfl::1rotfl:

Those who took out student loans screwed themselves. As I said, no one held a gun to their heads and forced them to take student loans. Also no one forced them to choose a field that isn't hiring anyone.

You can't default on a student loan, the majority of loans have to be paid back. Bankruptcy does not allow student loans to be wiped out in most cases.

My friend's granddaughter finished her Masters degree with zero student loan debt just this year, 2022, not 40 years ago. It can be done!

The millennials make up the dumbest generation in history. Even our generation was smarter when we were smoking pot all the time.
Not everybody needs an Ivy League education nor do they need a 4 year degree from a community college. I know people that went to expensive universities that majored in bogus degrees where they would never be able to repay their student loans back with their future income. Trade schools can be a perfect solution for many people.
IMO, if you take out a student loan at an expensive university and you don’t apply yourself in life or have a social study degree and won’t be able to pay off your student loans, that’s not my responsibility to pay it back, that’s the students. Lawyers/doctors/sports athletes should be able to repay their student loans with no problem

I don't think you would have a case against the universities for predatory lending because they are not the lenders. Students borrow money either directly from the Federal Government or from a private lender who is allowed to issue a Government guaranteed loan. Obviously, the universities are going to promote their product and charge as much as they can, like any other business would. This problem is the fault of the Federal Government that allows the loans, and the students who agree to the terms of the loans.

Well, that’s interesting. My spouse and I did just that, ran a successful business and hired employees without college degrees in our hands. We were probably far more successful that many of our peers. I guess we missed the indoctrination.

TLDR, sorry but I have to throw out some math...

I'm going with 300 billion dollars for this program...though the number might be more or less

I'm going with 120 million taxpayers in the US...plus or minus

300 billion divided by 120 million = $2500 per taxpayer

How do you feel about giving college grads $2500 out of your pocket?

Joe

What about these loans

Representative Vern Buchanan (R-FL) said: “Biden’s reckless, unilateral student loan giveaway is unfair to the 87 percent of Americans without student loan debt and those who played by the rules.” Buchanan had more than $2.3 million in PPP loans forgiven.

Representative Markwayne Mullin (R-OK) said: “We do not need farmers and ranchers, small business owners, and teachers in Oklahoma paying the debts of Ivy League lawyers and doctors across the U.S.” Mullin had more than $1.4 million in PPP loans forgiven.

Representative Kevin Hern (R-OK) said: “To recap, in the last two weeks, the ‘Party of the People’ has supercharged the IRS to go after working-class Americans, raised their taxes, and forced them to pay for other people's college degrees.” Hern had more than $1 million in PPP loans forgiven.

Representative Mike Kelly (R-PA) said: “Asking plumbers and carpenters to pay off the loans of Wall Street advisors and lawyers isn’t just unfair. It’s also bad policy.” Kelly had $987,237 in PPP loans forgiven.

Representative Matt Gaetz (R-FL) said: Everyone knows that in a $60 Billion+ European land war, it's always the last $3 Billion that kicks in the door….” Gaetz had $482,321 in PPP loans forgiven.

Anybody who starts their post with "Back in my day" should not be taken serious when it comes to current issues. How about we set your social security to what your income was "back in your day"?

This post is Spot On. And Is so true. Back in those days, Entitlement was not a big thing. Nowadays our government will do and spend in order to garner votes. I love the gvt reps, when trying to answer the question “what about those who have faithfully paid their loans”? They just mumble, lie, or basically say, “that’s how it is”. Can only hope that a suit is brought and this idiotic program is suspended. Grrrr

If they didn't want the loan and agree to pay it back, they shouldn't have gone to college! We've signed documents for loans which meant we COMMITED to paying it back. As former bankers, this just doesn't sit well with us!!

Excellent. But, I hope you aren't saying that everyone can start and operate a successful business. I ran a successful business with my wife, but I also had a college degree and a Government job to back us up. I will also add that what you learn in college does not prepare you for running a business.

Given the terms of the loan no agency other than a government would lend , the government, AKA politicians can do it with YOUR money, and look like heroes doing it, who in politics or government cares about wasted money?

In 1978, minimum wage was $2.65 and hour and tuition at my community college was $10/ credit hour. You’d have to work 3hours and 45 min to pay for one credit hour. Now, min wage $12 and credit hour is $134; you would need to work 11hour and 10 min for one credit hour. Higher education is not adequately funded. The best solution is to have no or extremely low interest loans. These young adults are paying interest on interest. I’m not in favor of the Biden plan because it is not fair. Rather wipe out or lower interest rates.

Conservative Christians enraged about student loan forgiveness, missing the irony that their entire professed religion is based on the idea of canceled debt.

Do not forget the grandchildren that attack the elected government and push totally false stolen election claims. There are schools that have rock climbing walls, water parks with lazy rivers and restaurants that would make many people envious. All the things that will help you make money when you graduate to pay back the debt you chose to take on.

Not familiar with these cases, but since the sampling given is 6/6 on one side of the aisle, I have to wonder if there was any loan forgiveness on the other side.........

OK....please share with us on how she did that. If you can't then I'm calling BEEE...ESSSS!

This kind of reminds me of the amnesty America offered to those that went to other countries to avoid the draft and those that went AW0L during the Vietnam War. Yes like many I didn't agree with us being there, but like many others I was drafted and served my time. When the war was over America said to those that didn't serve, and ran, to come home all is forgiven. I felt that was a slap in the face to those that served. There were 58,000 Americans that lost their lives in the war and let's not forget the thousands that came home missing arms, legs and many other conditions like alcohol, drug and agent orange.
Yes I feel we should have made the offer to return to America but with some sort of required obligation. An obligation like a short tour in the Peace Core or some sort of Community Service, but no requirement at all was wrong in my opinion. The lack of any requirement to return to America with no obligation required was a real kick in the ass to those that did serve. I felt like a fool for serving and risking my life while others just disregarded their obligation.

Now we have this college debt forgiveness program that to me seems a lot like what I spoke about above. Those that paid college loans feel like hay what about me? We sacrificed and went without certain things in order to perform like we all promised when we took out a student loan. We all have obligations and made those commitments knowing full well what we committed to, MAKE GOOD ON THAT COMMITTMENT.

The only reason that credit hours are so expensive is because the students can borrow the money. The schools will charge as much as they can to match the student loan money that is available. If you make it easier to borrow, then tuitions will increase. The best solution is to cancel the Federal loan program, and let the schools figure out how to make their degrees affordable.

College learning is mostly a DIY project anyway. There is no reason for tuition to be as expensive as it is.

Totally this

You are no fool. Those who believe this is good are the fools!

We did not want to steal the JOY that comes from EARNING your education. We did not want to steal the INCENTIVE that comes from EARNING your education. We were mean parents. We kept the money we earned and did not fund our children's higher education.

Of course our children didn't like it, however both understood why earning a higher education was so important. Both did well in HS earning scholarships. Today, our son is engaged to be married and he's a 9th and 10th grade special education teacher. Our daughter is a wife and a registered nurse. Needless to say - we are very proud parents! They are paying for their educations! They can afford to because they graduated - here lies the problem! How many resources are we willing to waste?

Incentive for completion will all but disappear. Ill prepared young people will take the place of those who are prepared. Resources will become depleted. Who will decide how our children are accepted into college? Will there be a lottery for entry? Will merit and effort matter in the future?

What happens when all young people are allowed to enter college - without merit - while it is paid for?

*There will be too few professors.
*There will be too few schools.
*There will be too few desks & chairs.
*There will be too few resources.
*There will be too few military members.

The incentive to serve our country will all but disappear. Why would anybody choose to join the military? It includes signing on the dotted line FOR ANY AMOUNT - UP TO AND INCLUDING THEIR LIVES!!

Why should the people who've never attended college pay for those of us who did? It's simply unfair. We cannot afford to please everyone. It is up to the sovereign individual to make his/her own way in this life. And, it is up to his/her parents to guide the lives of their children.

Nothing is free - we will all pay! Our posterity will suffer.

If one lives in a glass house should not throw stones

:bigbow: Not to mention all the millionaire business people and entertainment millionaires that got millions in loans and they were forgiven.

Please explain how that post made any sense whatsoever.