They think young people won’t find out about it in the next ~1 month until the midterm elections?
Student loan industry, gross.
Public-private partnership strikes yet again:dean-malice:
This seriously sucks though. The proposal was paltry as it was, but im sure even that bit would have helped the endebted.
Isn’t that, like, everyone with federal student loans now?
It affects people with a specific type of loan. From another article:
At the center of the change are borrowers who took out federal student loans many years ago, both Perkins loans and Federal Family Education Loans. FFEL loans, issued and managed by private banks but guaranteed by the federal government, were once the mainstay of the federal student loan program until the FFEL program ended in 2010.
Today, according to federal data, more than 4 million borrowers still have commercially-held FFEL loans.
So basically it will affect 4 million people with loans taken before 2010
It refers to FFEL grants, which they haven’t been offering in a decade but might be relevant to older millennials/gen Xers
Cool cool, so the only loans I haven’t paid off. Had a brief glimmer of hope when I heard there would be some pathway to getting help with these, but I guess that’s off the table.
Very cool how Obama was like “hey this program is actually very bad and we are going to end it, sucks if you are already in it though.”
I’ve been thinking about a big row of cloning pods with the original Joker at one end, where every pod to the right contains a clone one iteration removed.
So from left to right you have the Joker, the Jonker, the Jonkler, the Jompnr, the Jolgm, and th Jrpfse
not many people know this but the DC in DC comics stands for Degraded Clone
They think young people won’t find out about it in the next ~1 month until the midterm elections?
I can’t wait to see what libs in places like r/politics say about this. What will be the trending narrative? Could it be as laughable as “He’s still better than Trump and he tried.” ???
Edit
“Prime the pump” - I invented that. Here’s my comment in an r/politics thread…
Biden Admin changes eligibility requirements, millions no longer qualify for student loan relief
I’m a socialist and I’m disgusted but entirely unsurprised by this.
How will you guys excuse this and try to get people to “Vote” for the dems. Could it be as laughable as “He’s still better than Trump and he tried.” ??? Because that’s dog shit.
The Biden administration has to worry about legal challenges to this because the Biden administration has decided that they won’t oppose legal challenges to this, so they have to reverse their plan.
I disabled comments so I wouldn’t also get those comments massively downvoted. Libs love going into sub-thread rabbit holes and downvoting everything. And if you have too many comments going down fast in the downvote sinkholes in r/politics - you get the fucking site message: You've been doing that too often. Wait 13 minutes.
Libs really, really, really buzz like hornets when you refuse to delete your comments. It actually must get under their skin.
-15 points 31 minutes ago
Hopefully - I won’t get the 13 minute block. God, libs are pathetic.
It seems you’re a big, stupid dum dum who doesn’t know how politics works™
Mea culpa. I am a dum dum, I do not know how politics works™, and I should be even more ashamed than I already am.
I am going to mend my ways by downloading every episode of The West Wing. This weekend I will watch them at 200% speed, and get minimal sleep so I can begin the difficult process of reprogramming my brain for how politics works™.
Ninja edit: Shame on me. Download? I’m going to spend $90 to purchase the authorized DVDs at Amazon.
No, that’s too fast, you gotta watch at 0.1x to really internalize the reality of gradual progress
I think the changes to the income based repayment (govt pays the interest going forward) was bigger news then student loan forgiveness. Since that effects all current debt holders, as well as current + future students. So 4 million people not getting the loan forgiveness is bad but that’s a reduction to the smaller part of the changes.
This is only a specific type of loan that inpacts 4 million people. Still 10’s of millions will qualify for the forgiveness.
“4 million people can get absolutely fucked” :amerikkka-clap:
When I found the thread - it was nearly brand new. I was going to remind them that the dems could have passed laws but I decided to wasn’t worth hearing the same old excuses for the 1,000,001st time. “But Manchin…”, “But Sinema…”, “But the filibuster…” or my fave - “You don’t understand how politics works.” Also - who knows what the GOP justices might do to cripple or even kill Biden’s executive order.
