Bruh, you doing a whole lot of googling but not using common sense. So Imma try one more time. Who are the Senators and Representatives in your state? Do you even know the Senators and Representatives in your state? How old are they? How long have they been in politics or in office? For the people just starting out in office in your state, do you think they’re controlling anything right now politically or do you think the more senior people in Washington in both parties are controlling things? Well guess what, it was the same way back in 1970, 1980 and 1990. There were power players in DC that were running our country and making these decisions who are now long dead or long retired but back then they were running sh*t. Not no fukking Joe Biden who would’ve been a 30 to 40 year old senator from a flyover state. Stop being an ignoramus. If your logic held up, then you’re saying junior Senators today in 2021 are influencing policy when we know that’s bullsh*t as they’re following orders from the top of the party.
I broke down the student loan debt crisis history awhile on here. Why do I know about it? Cause my mother and father both went to college in the 70s and took out loans. This was after the murder of MLK and the government started to really push to get minorities in colleges and many were given huge amounts of loans and grants (huge for those times).
What happened during those times a lot of students would go to college to get a easy loan refund check (like some today) or go to college to get out of being drafted in vietnam. Which a few of my dads homies did.
Anyway in the early 70s a lot of journalist and legislator started to comment that students were abusing the banckruptcy system by writing off their student loans in bankruptcy.
So a congressional commission on bankruptcy was formed to study if students were abusing the bankruptcy policy. Then congress did there own study.
Then by 1976 an educational amendment was made stating student loans could not be written off on bankruptcy until 5 years after commercement of the repayment period.
In 1984 a act stating that even private student loans could not be filed on bankruptcy until 5 years after the repayment period.
Then in 1990 they moved the bankruptcy on student loans to 7 years after repayment started.
Then in 1998 another high education amendment was passed saying they eliminated the 7 year period. Basically stating that all student loan could not be filed under bankruptcy.
Now understand that before 1976 student loans could easily be throw away due to bankruptcy. But once the law hit the books in 1976 it was extremely difficult to remove them. Even with the 5 and 7 year rules.
My dad had homies that tried for years (post 1976) to get their shyt removed without paying and could never get them removed.
So this whole notion that pre 1990 or pre biden it so easy to remove student loans is not true. The shyt been a bytch since 1976.
Long story short this one of the reasons my dad rode me about paying off my loans. I was high school age and my dad would be like man don't fukk around and not pay off them student loans. You don't want to be like my friend Mr. Sam who hiding from them government loans and got his income tax return taken or got his pay check taken by the government.
I would be like dang dad..
is that why Mr. Sam had to move from the place he was at and you were helping him move. Dad would be like yep that is why...
