Why are people acting like that $10,000 student loan debt relief is paying off most peoples loans?

Prodyson

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but the interest and payments are paused till 2023
Probably just a bug in the system. But the cynical side of me says their reporting team is preparing for next year and will probably be extra strict about timely payments for the reason I mentioned. Somebody might have been testing a report and accidentally sent it for real.

I’ve seen it happen in my old job before.
 

No1

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All my shyt getting cleared :yeshrug: Only had 14k left out of 17 and I had pell grants throughout. It’s actually a lot of people like me that got relatively manageable debts from college (I’d assume we are the majority just off the fact most students go to instate public institutions but they’ll fix the numbers and make you fearful).
The average student loan debt for a black person is in the 30 to 50k range.
 

LeVraiPapi

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It won’t even put a dent in most borrowers balance :russ:

And people forget that the federal government helped fund public college and universities along with state funding with is why it was so affordable.


But the generation before the baby boomers didn’t want their tax dollars going toward public school funding.. mainly racist CAC who didn’t want it and congress obliged them. Then the burden fell on states. Then schools raised everything once the student loan racket was invented.


This MAGA Trump supporter, fake critical thinker, both sider is really out here hating on black people getting debts erased.


I swear you crabs are really a disease to the community
 

Deltron

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Probably just a bug in the system. But the cynical side of me says their reporting team is preparing for next year and will probably be extra strict about timely payments for the reason I mentioned. Somebody might have been testing a report and accidentally sent it for real.

I’ve seen it happen in my old job before.
sounds like some fukk shyt these loan companies would do
 

No1

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We’ll 10-20k is anywhere from 20-66% of the loan so at least they’re going to get some help. I got lucky and had a supportive fam and went to a school that wasn’t too far.
I’m happy for everyone it helped but for those people, their life doesn’t change because it’s the same monthly payments and interest. There’s just a little more light at the end. But the key word is you saying lucky. We should not have an educational policy that favors the lucky.
 

Ethnic Vagina Finder

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Reading some of these posts it’s become abundantly clear that some of you lack basic reading and critical thinking skillls in addition to common sense.


The purpose of this thread was to criticize republican talking points related the recent loan forgiveness deal by Joe Biden. The narrative makes its seem like ALL debt is being wiped out even though that’s not the case.


But dumb ass non reading ass people want to call me names and give out meaningless negs.
 

ThaBronxBully

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When The Higher Interest Rate Kicks In In January And And That 10k Is Piled Right Back On In 6 Months
 

Music Fiend

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A lot of us in the black community can't fathom.

I know a fair share of ppl who talk about their student debt that are of other races.

Quite a few have $20k or less. Like their families paid for their first 2 years and let em work and stack up for their last 2.

Or they qualify for wild shyt. A girl i knew was like 2% native american or some shyt and they gave her a full ride because of her native blood.

shyts crazy
 
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