Posted on 10/04/2023 9:46:58 PM PDT by SeekAndFind
Three days. After years of not having to pay a dime, the bill came due again for student loans as of this past Sunday.
Federal student loan borrowers will need to start making payments again this month after a three-year-plus pause due to the pandemic.
You should expect a bill that lays out how much you have to pay each month at least 21 days before your due date. It’s likely that most borrowers have received their bill already but if you have not, visit your loan servicer account. Interest started accruing again in September.
Not three days later?
The old grifter just keeps giving the cha-ching away. If one court says he can’t do it the way he planned through that door, why, no worries.
He turns right around…
…and shovels cash out a different window.
President Joe Biden announced Wednesday that he approved $9 billion in student loan forgiveness for 125,000 Americans.
The relief is a result of his administration’s fixes to a number of programs, including the income-driven repayment plans and Public Service Loan Forgiveness.
More than $5 billion of the aid will go to 53,000 borrowers who’ve worked in public service for a decade or more; $2.8 billion of the forgiveness is for 51,000 borrowers enrolled in income-driven repayment plans; and another $1.2 billion of the cancellation will go to 22,000 borrowers with disabilities.
Did you catch that? The largesse of your tax dollars was the result of his administration’s “fixes to a number of programs”?
I told you the fix was in.
…The announcement is likely to help Biden as he runs for reelection, experts say.
It took an “expert” to figure that out, did it?
…“Biden has forgiven more student loan debt than any previous president,” said higher education expert Mark Kantrowitz. “It distinguishes him from other candidates who are campaigning for the nation’s highest office.”
“Distinguishes” is not the word I thought of first. The other campaigns don’t have access to their own printing press. The $127B of other people’s money they’ve already given away can buy a whole lot of love, wouldn’t you think?
Helluva war chest they’ve got there..
Today, we are announcing the approval of an additional $9 billion in student debt relief.
The Biden-Harris Administration has now approved $127 billion in debt cancellation for nearly 3.6 million Americans as we continue the fight to ease the burden of student debt. pic.twitter.com/QCieT9iMc8
— Vice President Kamala Harris (@VP) October 4, 2023
Let the false equivalencies commence!
Biden goes on a bizarre, delusional tirade in which he compares the Paycheck Protection Program — which was passed by Congress and kept millions of Americans employed during a pandemic — to opposition to a unilateral student loan debt bailout pic.twitter.com/Njsop8YJpO
— RNC Research (@RNCResearch) October 4, 2023
Mush-mouth old fraud.
I wonder if I bought myself a shiny new Jeep Grand Wagoneer, the really big one…since it’s about the price of a college education, you think POTATUS’d pay it off for me if I whined that being required to literally pay for it made the debt “unsustainable“?
President Joe Biden outlined a new round of federal student loan forgiveness on Wednesday to address the “unsustainable debt” that borrowers accumulate to complete their college education.
The announcement comes as borrowers brace for payments to restart after a three-year pause that began during the COVID-19 pandemic and Biden tries to fulfill his campaign promises on debt relief as he runs for reelection.
Probably not, huh? No doubt because the vehicle – while putting quite a crimp in my lifestyle – is obviously useful and would help me be productive, unlike many of these degrees we just gave away free to the people who voluntarily signed the loan papers.
So, looks like I’ll wind up with no Grand Wagoneer for the same reason I wound up with no college degree – no one but me was paying for it.
And another thing – what are the odds yesterday’s excitement gave POTATUS a great opportunity to slip this generoous handout through?
…Republicans have fought Biden’s plans on student debt, but Wednesday’s announcement comes as they’re consumed by infighting on Capitol Hill. Hard-right Republicans forced a vote that ousted Rep. Kevin McCarthy, R-Calif., as House speaker, leaving the chamber in chaos.
You have to wonder what other nefarious dungballs the snek in the White House plans to quietly dump while everyone’s watching the GOP circus.
Oh, well DONE, guys.
I hope all those people whose student loans he’s cancelling, know that they will get a 1099 for the total amount forgiven, and will have to claim it as income on their tax return for the year the loan was cancelled. I can hear the screaming now.
Bookmark
RE: they will get a 1099 for the total amount forgiven
Is that a fact? If so, in what sense is it a debt cancellation? They’re still going to have a pay something.
Well, isn't that sweet of him.
What about those of us who labored to pay off our student loans and did so, fully?
Hush up peasant!
Well, we payed through the @ss to get my husband into this country.
We want a refund. Plus interest. 🤬
"The IRS considers canceled debt, including most forms of student loan debt forgiveness or student loan discharge, to be taxable income.
However, borrowers working toward loan forgiveness have been exempt from taxes thanks to the American Rescue Plan Act of 2021. This measure made forgiven student loans exempt from federal income taxes, but it only applies to loans that are discharged between January 1, 2021, and December 31, 2025.
The American Rescue Plan applies to all student loan forgiveness programs but only affects federal income taxes. Although some states adopted similar measures for state income taxes, not all followed suit."
They'll send you a coupon for 50 cents off a jar of Vaseline.
The Republicans missed making a deal to abolish some student loan debt in exchange for abolishing the U.S. Dept. of Education since it is unconstitutional. That would have ended a lot of problems, and eliminated a lot of useless government employees.
Not just the WH sneaking things in while everyone is distracted by the Kabuki theater on the Hill...
Nick Sortor
@nicksortor
🚨 #BREAKING: California Gov. Gavin Newsom has just signed a bill BANNING hand-counting ballots in most elections
WHY?
7:26 PM · Oct 4, 2023
More than $5 billion of the aid will go to 53,000 borrowers who’ve worked in public service for a decade or more; $2.8 billion of the forgiveness is for 51,000 borrowers enrolled in income-driven repayment plans; and another $1.2 billion of the cancellation will go to 22,000 borrowers with disabilities.
AND NOTHING FOR THE AVERAGE WORKING AMERICAN FAMILY EXCEPT THE BILL
The morning paper said it was $40 million forgiven:
“She’s one of 804,000 borrowers who will have a total of $39 billion forgiven under a one-time adjustment granted by the Biden administration. It’s for people in income-driven repayment plans who have been paying back loans for 20 or 25 years but who never received credit for late or partial payments. It also credits borrowers for periods before the pandemic when they were allowed to pause or reduce payments due to financial hardships.”
“More than $5 billion of the aid will go to 53,000 borrowers who’ve worked in public service for a decade or more.”
It’s very sweet of him. If you sucked off the public teat for 10+ years you get an extra teat to suckle from. But if you toiled in a job that provided actual service to people…..no teat for you.
This is just a suck up to the public sector unions.
EC
This is theft of taxpayer money.
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