Student loans paused until August 31st. Is Biden doing the right thing here?
- Thread starter Sad Bunny
- Start date
GnauzBookOfRhymes
Superstar
They're going to cancel before the 2024 election
richaveli83
Veteran
They're dragging this out until the mid terms. By July they'll do another extension that lasts until the end of the year. Conveniently after the elections are over.
humminbird
Veteran
yep exactly this
This contributes to inflation but y’all don’t care
Which is why people have been telling them to come up with a long term solution instead of continuing to kick the can down the road.
It wasn’t a trap for me
People should stop Selecting colleges call for the name recognition and going out of state and care more about the curriculum and the teacher earning potential but of course nobody wants to take responsibility for their actions.
I know someone who loves partying so he stayed at our school for an extra year and he paid the price but he buckle down and paid off 110,000 student loans.
Preach!!
There’s government, school, financier responsibility too, that’s my point
It’s a major gamble on their part as the student loan issue should have already been solved now based on Biden’s promises. It’s not a gamble that I’d take if I were them as you run the risk of people not showing up to the polls because of said lie even with the extensions.
UpAndComing
Veteran
It wasn’t a trap for me
People should stop doing the scores for the name recognition and going out of state fishing care more about the curriculum and the teacher earning potential but of course nobody wants to take responsibility for their actions
It wasn't a trap for you, congratulations breh but the average 17-18 year old ain't thinking about all that stuff. They have colleges in mind usually and they apply, their college of choice accepts them and the 1st thing they do is shove a fafsa form in your face. Most kids don't know what comes after that. I'm not speaking from experience but I do know that credit cards and student loans are 2 of the biggest debts millennials and Gen z faces.
My 1st day on campus when I went to school I was offered a credit card from somebody with a whole setup before I even knew how to find the book store. Not only that, I didn't even need student loans but was offered it to cover living expenses and such. Basically take the scholarship and use the other money to live off of and then "build credit" with a credit card.
You got a bunch of people that ain't had a dime in they life and you're just giving them money and not explaining the consequences in how it works, of course they're going to take it. At the very least they need to make all students go through a financial literacy class before offering them anything.
That’s why they have parents and school counselors and family members.
there’s too much research and people literally have cell phones to Learn about student loans
All those people you mentioned have student loans themselves and are in the same situation
I’m not trapped at all with my student loans, but the system has been for a long time now and it needs completely. Only problem is, the guy in charge of solving the problem helped make it worse with previous decisions. I remember debating with at @Sohh_lifted about it and he had excuse for Biden.
Obama was still paying his loans almost until he became president. Beau Biden died still in debt and Joe had to pay on it.