What percentage?

Here you go, have fun!

https://educationdata.org/student-loan-d...an%20debt.

I wasn't asking because I needed a link. I was asking because I wanted you to think about what you were saying. This may be an unnecessary tangent, because maybe you were being sarcastic, but almost EVERYONE in the US is in the work force. I don't believe that was what was being implied above. A very small percent of the "work force" is going to benefit from this. 

60% of all debt is owed by people who make over 85k a year. Almost 70% of the debt forgiveness will go to this group. That's insane. These people should be able to pay down their debts. People with the most debt are people with graduate degrees, and they average the top 10% of all earners in the US and yet the Democrats are already making a case that their debt needs to be paid as well. Most of them should be able to pay down their debts. The group with the lowest earnings happens to be under 29, which I know comes as a surprise to many people, but they haven't had a chance to finish paying down their debt yet or working their way up the corporate ladder. Only 13% of this money will go to the bottom 20% of earners in the US. Great job, Biden. 

Debt, in general, is too high. There are definitely groups that are victims of our broken university debt scam, but who made it that way? What are they doing to solve that problem? Having the President unilaterally make a decision to pay off millions of people who can pay their debt is ridiculous. We have a thoroughly broken university system that was broken by the Democrats. They didn't actually solve the problem that's creating the debt, and we are going to have this problem but worse in the future, because now people aren't going to pay back their debt. This is asinine. And, when the supreme court overturns this, which they will, they are going to tell everyone that Republicans are to blame. This is [BLEEP] from top to bottom. I am legitimately mad at people that support this, and that is rare for me.

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I still haven't been able to see who is actually getting the money from this. I know at some point that the DOE assumed most loans, but how does this impact private companies? I want to know if anyone is profiting from this policy.

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Here you go, have fun!

https://educationdata.org/student-loan-d...an%20debt.

I wasn't asking because I needed a link. I was asking because I wanted you to think about what you were saying. This may be an unnecessary tangent, because maybe you were being sarcastic, but almost EVERYONE in the US is in the work force. I don't believe that was what was being implied above. A very small percent of the "work force" is going to benefit from this. 

60% of all debt is owed by people who make over 85k a year. Almost 70% of the debt forgiveness will go to this group. That's insane. These people should be able to pay down their debts. People with the most debt are people with graduate degrees, and they average the top 10% of all earners in the US and yet the Democrats are already making a case that their debt needs to be paid as well. Most of them should be able to pay down their debts. The group with the lowest earnings happens to be under 29, which I know comes as a surprise to many people, but they haven't had a chance to finish paying down their debt yet or working their way up the corporate ladder. Only 13% of this money will go to the bottom 20% of earners in the US. Great job, Biden. 

Debt, in general, is too high. There are definitely groups that are victims of our broken university debt scam, but who made it that way? What are they doing to solve that problem? Having the President unilaterally make a decision to pay off millions of people who can pay their debt is ridiculous. We have a thoroughly broken university system that was broken by the Democrats. They didn't actually solve the problem that's creating the debt, and we are going to have this problem but worse in the future, because now people aren't going to pay back their debt. This is asinine. And, when the supreme court overturns this, which they will, they are going to tell everyone that Republicans are to blame. This is [BLEEP] from top to bottom. I am legitimately mad at people that support this, and that is rare for me.

I was simply pointing out that JIBs comment was a ridiculously broad generalization. The System is broken and discharging this debt does jack all to fix it, but I really don't care anymore. We print out billions of dollars to give away to corporations, foreign nations, and to socialize the losses of the extremely wealthy. At least giving this money away will help some actual working class people and accelerate the full collapse we need to happen.

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I still haven't been able to see who is actually getting the money from this. I know at some point that the DOE assumed most loans, but how does this impact private companies? I want to know if anyone is profiting from this policy.

It doesn't, these funds are targeted to Direct Loans not private ones.

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“An empty vessel makes the loudest sound, so they that have the least wit are the greatest babblers.”. - Plato

Direct loans as in direct from the government? Or from the Universities? Same difference?

I don't know we're going to see a full collapse. As long as the feds continue to implement modern monetary theory, we are going to see more and more reckless spending. If we do get a collapse, it will be everything, not just the university system, and there are vultures waiting at the door to destroy us. I hope I never see it come to that.

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I realize that my "working class" comment was a broad generalization.  I was mainly talking about people that never went to college or ever took out a student loan that pretty much make up much of the working class.  Think about heavy equipment operators, car mechanics, truck drivers, tradesmen, etc.  For that matter you could even include people that took a loan and paid it off.

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There are 10 kinds of people in this world.  Those who understand binary and those who don't.

Direct loans as in direct from the government? Or from the Universities? Same difference?

I don't know we're going to see a full collapse. As long as the feds continue to implement modern monetary theory, we are going to see more and more reckless spending. If we do get a collapse, it will be everything, not just the university system, and there are vultures waiting at the door to destroy us. I hope I never see it come to that.

Yes, Direct Loans are the government loans program. The Universities don't loan the money, they just help students get them and the school manages the distribution of the proceeds. After school the government pays private loan servicing companies to manage repayment and collections. Private loans aren't included in the forgiveness program but borrowers can consolidate their private loans into the Direct program and be eligible for the forgiveness.

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“An empty vessel makes the loudest sound, so they that have the least wit are the greatest babblers.”. - Plato

Cool. At least more of our money is getting funneled up through this program. My gut tells me someone has to be skimming from the pot here, but I don't see how.

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None of those schools should be charging tuition to anyone.   They only let in about 6,000 kids each year, each, so they can definitely afford it

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My fellow southpaw Mark Brunell will probably always be my favorite Jaguar.

This is how I feel about my medical debt. I have one more payment and that debt is "cancelled". It's been a long road but we paid it all with no help from anyone outside of the hospital's payment plan. I'm thankful for the surgery as it was literally life saving and I'm thankful for insurance but I hope I never ever have to have major surgery again.

Did your insurance deny your claim?

No, they paid their part, it was just a hella expensive surgery. It was only supposed to be laparoscopic and an overnight stay but when they looked in there they saw things they didn't see on imaging so it turned into a cut from navel to pubic bone, removal of part of my sigmoid colon and a four day hospital stay at Duke. Then, not even a month later another four day Duke stay because my pain wasn't being managed at home because the jacktards refused to prescribe pain meds. It was a Charlie Foxtrot of a situation but I'm alive.

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Did your insurance deny your claim?

No, they paid their part, it was just a hella expensive surgery. It was only supposed to be laparoscopic and an overnight stay but when they looked in there they saw things they didn't see on imaging so it turned into a cut from navel to pubic bone, removal of part of my sigmoid colon and a four day hospital stay at Duke. Then, not even a month later another four day Duke stay because my pain wasn't being managed at home because the jacktards refused to prescribe pain meds. It was a Charlie Foxtrot of a situation but I'm alive.

I understand, I had an abdominal Laparotomy in 2014 that left me with a zipper scar from my sternum to my belt buckle. I had voids in the interior that were pooling fluid that subsequently became an internal strep infection. Lost a bit of the colon where the infection had penetrated it but it was only about an inch and a quarter removed. Surgeon said my insides looked like I swallowed a grenade that left fragment holes all over that he had to scoop and seal.

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“An empty vessel makes the loudest sound, so they that have the least wit are the greatest babblers.”. - Plato

No, they paid their part, it was just a hella expensive surgery. It was only supposed to be laparoscopic and an overnight stay but when they looked in there they saw things they didn't see on imaging so it turned into a cut from navel to pubic bone, removal of part of my sigmoid colon and a four day hospital stay at Duke. Then, not even a month later another four day Duke stay because my pain wasn't being managed at home because the jacktards refused to prescribe pain meds. It was a Charlie Foxtrot of a situation but I'm alive.

I understand, I had an abdominal Laparotomy in 2014 that left me with a zipper scar from my sternum to my belt buckle. I had voids in the interior that were pooling fluid that subsequently became an internal strep infection. Lost a bit of the colon where the infection had penetrated it but it was only about an inch and a quarter removed. Surgeon said my insides looked like I swallowed a grenade that left fragment holes all over that he had to scoop and seal.

Damn dude! Do they know what initiated all of that carnage?

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I understand, I had an abdominal Laparotomy in 2014 that left me with a zipper scar from my sternum to my belt buckle. I had voids in the interior that were pooling fluid that subsequently became an internal strep infection. Lost a bit of the colon where the infection had penetrated it but it was only about an inch and a quarter removed. Surgeon said my insides looked like I swallowed a grenade that left fragment holes all over that he had to scoop and seal.

Damn dude! Do they know what initiated all of that carnage?

Yes, I had cancer and this was one side effect of the chemo. When it kills the cancer the tissue sometimes recedes leaving gaps. The cure can be as bad as the disease.

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“An empty vessel makes the loudest sound, so they that have the least wit are the greatest babblers.”. - Plato

This popped up on my phone today. It's never enough.

https://www.cnbc.com/2022/08/29/experts-...rm=student

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This popped up on my phone today. It's never enough.

https://www.cnbc.com/2022/08/29/experts-...rm=student

Whatever happened to working while going to school? It took me 12 years after HS part time to get my BS, even with short term student loans, while working full time and paying rent and later, a mortgage. I'm sorry, these sort of stories just make my blood boil. Left behind....good God. Blacks have gotten free money ever since the 70's from Pell Grant loans. Free. I had a black roommate in college. Was on the tennis team. Got Pell Grants, Hardship loans, scholarships. Total free ride. You know how he spent $80 a week (a lot in 1977)? Drugs. Pot, hash, quaaludes, amphetamines. He laughed about it. Knew he was gaming the system, didn't care, felt he was entitled to it because of race. Even told me once he faked a back injury cause he didnt want to play a match. I finally had to move out to an apt before that qtr even ended cause the drugs and sex parties were wrecking any chance for study or sleep. That qtr set me back personally 2 qtrs cause i had to retake classes. So forgive me if am more than a little cynical about this. Meanwhile, I'm shelving books in the library and playing in a band 3 nites a week in the student union to earn $13 a week. Both jobs that were paying for my food and for housing with this grifter. I hope he's had an illustrious career somewhere busing tables, but I doubt he would want to work that hard. Now I know this was just one person. Its not representative of an entire race. I have many friends and coworkers who have started IT companies, or work for consulting firms who are black. They are brilliant, hard working, unentitled entrepenuers who took the opportunities given them, and didn't ask for special treatment, just to be treated equally. Im not prejudiced against race, just against lazy. This ain't the 70's folks. For education, there's been plenty of opportunity for over 50 years now in the form of free money, grants, scholarships, etc for minority students. For the workplace, opportunity thru quotas, favored status hiring practices, etc. I've been on many interview committees with a government utility and have seen points added to interview scores because of race or gender. Didnt matter if they werent technically proficient enough to get through the interview, or were just flat out unqualified. And yet, we still hear these stories of inequality. Please. A loan isnt predujiced; whatever race, you should have to pay it back. You agreed to it, even if you majored in something totally worthless. Do some profitability research before you embark on your degree. As L2L said, its still never enough.

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"Remember Red, Hope is a good thing. Maybe the best of things. And no good thing ever dies."  - Andy Dufresne, The Shawshank Redemption

This popped up on my phone today. It's never enough.

https://www.cnbc.com/2022/08/29/experts-...rm=student

That really irks me.  I will never, ever, be in favor of bailing people out of their own bad decisions.  And then on top of it, to ask for more money to be handed out based on race, is just wrong on so many levels.

It would be so much better for everyone if instead of spending the money paying off people's debts, instead we spent just a fraction of that in an effort to stop people from taking on debt they cannot pay back.  

This whole student loan fiasco is so [BLEEP] stupid.

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This popped up on my phone today. It's never enough.

https://www.cnbc.com/2022/08/29/experts-...rm=student

That really irks me.  I will never, ever, be in favor of bailing people out of their own bad decisions.  And then on top of it, to ask for more money to be handed out based on race, is just wrong on so many levels.

It would be so much better for everyone if instead of spending the money paying off people's debts, instead we spent just a fraction of that in an effort to stop people from taking on debt they cannot pay back.  

This whole student loan fiasco is so [BLEEP] stupid.

You should read about Generational Wealth and its impact on educational attainment.

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“An empty vessel makes the loudest sound, so they that have the least wit are the greatest babblers.”. - Plato

Let's just add this to the debate.........

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Let's just add this to the debate.........

You do realize that they favor Universal Healthcare right?

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“An empty vessel makes the loudest sound, so they that have the least wit are the greatest babblers.”. - Plato

Let's just add this to the debate.........

You do realize that they favor Universal Healthcare right?

Helping cancer patients?! No way! Sounds horrible!

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