Biden extending the student loan moratorium until Jan. 31st, 2022

[Ozymandeas]

Nancy is rumored to be leaving in 2022 so why would she care whether they win or lose?

For the record, I do think that Biden has the power to cancel them and that both him and Nancy are liars

He has the power to cancel them but trust there will be some extremely pissed off and powerful people calling him if he does. Cancel them sh*ts though

 

[Apollo Creed]

They shouldn’t cancel loans

 

[MajesticLion]

Im quitting my corporate job right away if he does that. I would finally be able to start living real life.

This is probably the biggest argument against loan forgiveness. The policy people know many people are just in their jobs because of debt and that dependency is built into the system; to let any percentage of them just walk away to go "follow their dreams" is an economic shift none of them wants, not without knowing what's to replace that.

 

[SheWantTheD]

3-4 months extra so..

 

[Freedman]

Expand the criteria for the Loan Forgiveness program so that more than 1% of people get approved and let people refinance their loans at like 0
percent as a sort of Covid Stimulus one time only deal

 

[Big D Bangston]

 

[Thavoiceofthevoiceless]

He has the power to cancel them but trust there will be some extremely pissed off and powerful people calling him if he does. Cancel them sh*ts though

I figured as much and would explain why other Democrats are pissed at both him and Nancy for throwing them under the bus

 

[invincible1914]

They shouldn’t cancel loans

Spoiler

Everybody knows this, but play along. That shyt the only reason I got debt.

 

[Atlrocafella]

Appreciate it OG Biden, gives me more time to attack other debts. fukk paying them student loans

 

[Eternal Tecate]

there's only one way to actually solve this problem, Joe

 

[ball15life]

If you went back in time to 2003 and 1993 and told folks drowning in student loans that folks some day in the future get 2 years of interest free forbearance on their loans from the government (which doesn't count against their forbearance months).

Jokers would have fainted on the spot or thought the world ended in the future.

If you got student loans and been employed these last 2 years. You got to be stone crazy or slow. To not take advantage of this interest free forbearance. Either attacking your student loan principle or stacking money or attacking other debt.

Cause if you not you got to have small hands and fumbling the ball like Rex Grossman on 3rd and 10.

Facts. I know it's jokes and stuff but I really hope everyone is taking advantage of this if they can

 

[Originalman]

Facts. I know it's jokes and stuff but I really hope everyone is taking advantage of this if they can

Breh my cousin in his late 40s. Dude just paid off his loans two years ago from when he graduated with a PHD in 2000. Dude owed 130k and was like damn I wish they offered all this shyt back in 2000 when I was drowning in debt.

 

[2stainz]

Why promise the forgiveness at all though... the no interest covid stimmy is great as is tbh Not keeping a campaign promise is kinda grimey

 

[VirginiaSlim75]

If you went back in time to 2003 and 1993 and told folks drowning in student loans that folks some day in the future get 2 years of interest free forbearance on their loans from the government (which doesn't count against their forbearance months).

Jokers would have fainted on the spot or thought the world ended in the future.

If you got student loans and been employed these last 2 years. You got to be stone crazy or slow. To not take advantage of this interest free forbearance. Either attacking your student loan principle or stacking money or attacking other debt.

Cause if you not you got to have small hands and fumbling the ball like Rex Grossman on 3rd and 10.

My only issue with this is that times are uncertain. You mess around and start attacking them loans and pay them off then you lose your job or something wild happens. I do agree with stacking tho. That’s what I’ve been doing. If they don’t forgive them I’ll just throw what I saved on them and call it a day.

 

[hu3ypdadon]

Is credit card debt next ?