Is Biden going to forgive student loans?!?

[Mj-drewfan32]

Will he forgive student loans for everyone or is it only for government brahs? would be clutch if he forgives all my student loans. I dont work for the government so no forgiveness? or is it fake news? they are saying he will forgive up to 50k and he can do an executive order to get it done. Is this fake news? thoughts?

pls uncle joey.

Note: I dont care about politics but this would be cool srs.

[nothingshocking]

he already said no

that was Bernie's deal not his

[JoshLV]

Hopefully not. Take responsibility and pay for your own **** you fuking leech.

[OffwhiteBrah]

The senate would never pass that bs

[N0stradamus]

It's political theatre....

Most likely what will happen is that Biden will issue an Executive Order knowing full well the Senate Republicans will challenge it and win in court...

The Dems will then use this as a way to galvanize their base against the Republicans.

Or....

Maybe it will happen because the lenders know that the students would most likely never be able to make minimum payments so why not just pass the bill to the tax payer.....they'll lobby both the Dems and Republicans to make it happen and lock tax payers into a never ending interest trap....


But keep in mind: debt forgiveness is a taxable event.

Either you owe money to the lender or you owe money to the IRS.... So they're not really off the hook either.... It's all theatre at this point....

[Mj-drewfan32]

Hopefully not. Take responsibility and pay for your own **** you fuking leech.

Somewhat agree. But universities and colleges these days are absolutely bs with their fees. Its not even about education anymore but a straight-up business. Why is it so expensive to go to university? in b4 to receive a solid education just lol I can learn online 98 percent of what they teach in uni for free srs.

[JoshLV]

Somewhat agree. But universities and colleges these days are absolutely bs with their fees. Its not even about education anymore but a straight-up business. Why is it so expensive to go to university? in b4 to receive a solid education just lol I can learn online 98 percent of what they teach in uni for free srs.

You knew it was a bill you’d have to pay. I agree they are crooked pieces of **** and their prices are astronomical. I believe state schools should be affordable to ANYONE. However this isn’t the case as of now and getting the tax payers to pay for your bills is not right.

[Xerve]

Hopefully not. Take responsibility and pay for your own **** you fuking leech.

This. I doubt he will forgive student loans. If anything, they would make it so you could file bankruptcy on it.

I have 35k in student loan debt which I’m OK with. College degree is an investment and in my case it paid off because it helped land me a job that pays well. Is a college degree absolutely necessary? No. But it helps get your foot in the door early on in your career. Work experience > degree.

[DrumsNotDead]

he already said no

that was Bernie's deal not his

thought he made some bs claim about wiping out 50k worth of debt for people

[ectosthetic]

0% chance he forgives loans. LOL at NPC normies who believe he will.

[N0stradamus]

This. I doubt he will forgive student loans. If anything, they would make it so you could file bankruptcy on it.

I have 35k in student loan debt which I’m OK with. College degree is an investment and in my case it paid off because it helped land me a job that pays well. Is a college degree absolutely necessary? No. But it helps get your foot in the door early on in your career. Work experience > degree.

I salute you for not getting a degree in Gender Studies and then wondering why you couldn't find a job...

[DynamicDot]

Joe Biden has made empty promises and done nothing for 50 years, why would he start now?

[N0stradamus]

Joe Biden has made empty promises and done nothing for 50 years, why would he start now?

Joe Biden is an empty suit, he'll likely take orders from Kamala Harris or whomever else he appoints in his cabinet.

He's nothing more than a trojan horse to sneak in a radical leftist agenda...

[TomWanks]

Not sure I understand miscers who think this is an impossible proposition.

The executive absolutely has the authority to have your income tax payments credited towards your Student Debt, the same way Obama made the same creditable to your mortgage payments during the housing crisis.

If Biden wants to push this through it will be done indirectly via tax credits, rather than as a blanket "forgiveness" program-- though in effect, they will be precisely the same thing.

[AreolaBorealis]

i'm graduating this year with a BA in History of Engineering and have $86k in student debt. I don't stress about it because my area is booming right now with engineering jobs i'll probably be able to land one with starting pay around $60k. Feels fuking good man to have $50k wiped off and the remaining i can pay off in like 6 months lmao feels good to win

[JUGGERNAUT1333]

Either you owe money to the lender or you owe money to the IRS.... So they're not really off the hook either.... It's all theatre at this point....

The freeloaders always forget this. They think all this debt just magically disappears, and that raising taxes on businesses won't affect them, lol....... We end up paying one way or another.

[iputyouatapoint]

Will he forgive student loans for everyone or is it only for government brahs? would be clutch if he forgives all my student loans. I dont work for the government so no forgiveness? or is it fake news? they are saying he will forgive up to 50k and he can do an executive order to get it done. Is this fake news? thoughts?

pls uncle joey.

Note: I dont care about politics but this would be cool srs.

Is China going to forgive the ****philia problem?

[bfdehewdbyywhn]

hope they pay off my $200k debt in gender studies and women’s arts history. some of you miscers always complain when you got it good

[nothingshocking]

Somewhat agree. But universities and colleges these days are absolutely bs with their fees. Its not even about education anymore but a straight-up business. Why is it so expensive to go to university? in b4 to receive a solid education just lol I can learn online 98 percent of what they teach in uni for free srs.

This is really true. I went to Notre Dame, and I'm terrified my kids will want to go there too.

brb 75,000 annual cost in 2020
brb 300,000 for a college degree
brb my kids aren't going for another 5-7 years, it will be 100K by then

brb Notre Dame has 14 BILLION DOLLARS in their endowment, why the fuk isn't tuition reasonable

brb talking up University of Illinois every damn chance I get

[scooterbrah]

from those of us who were responsible and made good decisions, no thanks to footing the bill to bailout losers who made bad decisions

this also doesn't solve the problem. not everyone should go to college and not everyone should have access to loans they will never pay off to get worthless degrees

shut off the money and college becomes cheaper

[elterrible987]

cuck schumer has been saying biden can do it with an EO but I think it will get challenged with lawsuits as overstepping the authority of an EO, the cost would be enormous, and I dont see how you could spend that much money under an EO, that is where they would challenge it

[memcop]

Why would he do that?

Hes literally the one that came up with them being bankruptcy proof? Lol

[Mj-drewfan32]

This is really true. I went to Notre Dame, and I'm terrified my kids will want to go there too.

brb 75,000 annual cost in 2020
brb 300,000 for a college degree
brb my kids aren't going for another 5-7 years, it will be 100K by then

brb Notre Dame has 14 BILLION DOLLARS in their endowment, why the fuk isn't tuition reasonable

brb talking up University of Illinois every damn chance I get

Yeah I wonder how expensive it is when my kids go to college absolutely unreal. Even the most balling well established parents struggle paying for kids education. Idk how many people have 300k laying around for a piece of degree. I went to a state school and still was expensive.

[tank2003]

Potus cant do that. COngress can though. If dems take majority it just might happen because dems are retarded and are willing to fuk over the entire country to get socialism

edit: well, he could, i suppose with an executive order but a sane federal judge would shoot that down quickly. That's a chit ton of debt for the 50% of us who actually pay taxes to have to shoulder all because liberals are retarded

[Brandon556211]

It's political theatre....

Most likely what will happen is that Biden will issue an Executive Order knowing full well the Senate Republicans will challenge it and win in court...

The Dems will then use this as a way to galvanize their base against the Republicans.

Or....

Maybe it will happen because the lenders know that the students would most likely never be able to make minimum payments so why not just pass the bill to the tax payer.....they'll lobby both the Dems and Republicans to make it happen and lock tax payers into a never ending interest trap....


But keep in mind: debt forgiveness is a taxable event.

Either you owe money to the lender or you owe money to the IRS.... So they're not really off the hook either.... It's all theatre at this point....

Student loans are an exception to cancellation of debt.

[kovalchuk71]

Yeah I wonder how expensive it is when my kids go to college absolutely unreal. Even the most balling well established parents struggle paying for kids education. Idk how many people have 300k laying around for a piece of degree. I went to a state school and still was expensive.

Try going to medical school.

BRB “wE nEeD dOkTeRs!!!!111!1”

BRB $40k/yr. in base tuition that continuously compounds

BRB $20k+/yr. in additional loans just to live because you can’t work

BRB $30k/yr salary as a resident for 3-8 years while interest continues to compound.


It’s a joke.

[MuscleXtreme]

It's political theatre....

Most likely what will happen is that Biden will issue an Executive Order knowing full well the Senate Republicans will challenge it and win in court...

The Dems will then use this as a way to galvanize their base against the Republicans.

Or....

Maybe it will happen because the lenders know that the students would most likely never be able to make minimum payments so why not just pass the bill to the tax payer.....they'll lobby both the Dems and Republicans to make it happen and lock tax payers into a never ending interest trap....


But keep in mind: debt forgiveness is a taxable event.

Either you owe money to the lender or you owe money to the IRS.... So they're not really off the hook either.... It's all theatre at this point....

Or it’s a way to buy off millennials to support him or at least not to work against him.

This Executive Order would effect millennials the most since nearly all millennials would have already gone to college. Gen-z is still going to college, boomers going to call has saturated. So why is he targeting millennials specifically with this Executive Order.

[ErnieMccracken]

Not a chance. Biden is a corporate democrat. If you look at his actual economic policy, it's not much different than anything trump did srs.

[Evolutionary1]

Also Free healthcare AND reparations!

[JotaroJoestar]

Was 60k in debt from a private school.

Would be pissed if he ended up doing forgiveness for public schools.