Beehaw
  • Communities
  • Create Post
  • search
    Search
  • Login
  • Sign Up
bdonvr ( bdonvr@thelemmy.club ) Banned to United States | News & Politics@lemmy.ml · 3 years ago

Student Loan Forgiveness: Supreme Court Rejects Biden’s Debt Forgiveness Plan

www.nytimes.com

external-link
message-square
15
link
fedilink
  • cross-posted to:
  • news
36
external-link

Student Loan Forgiveness: Supreme Court Rejects Biden’s Debt Forgiveness Plan

www.nytimes.com

bdonvr ( bdonvr@thelemmy.club ) Banned to United States | News & Politics@lemmy.ml · 3 years ago
message-square
15
link
fedilink
  • cross-posted to:
  • news
The proposed debt cancellation of more than $400 billion would have been one of the most expensive executive actions in U.S. history and affects tens of millions of borrowers.
alert-triangle
You must log in or # to comment.
  • bdonvr ( bdonvr@thelemmy.club ) BannedOP
    link
    fedilink
    arrow-up
    9
    ·
    3 years ago

    When payments resume shit’s gonna get ugly

    • adude007 ( adude007@lemmy.ml ) 
      link
      fedilink
      arrow-up
      9
      ·
      3 years ago

      Yes it is. And those who didn’t make payments or weren’t able to during the pause just extended their debt slavery by 3 years.

      It’s outrageous that loans that cannot be discharged have such high interest rates.

      It’s outrageous that the something that benefits us all must be taken on by those willing to step up and learn.

      • andyquest ( andyquest@vlemmy.net ) 
        link
        fedilink
        arrow-up
        0
        ·
        3 years ago

        Well at least we saved a massive amount with inflation, better to pay it now 4 years later after having it at 0 interest than 4 years ago when money was worth more

        • Tak ( Tak@lemmy.ml ) 
          link
          fedilink
          arrow-up
          1
          ·
          3 years ago

          If the inflation translates to wages but I’ve yet to see that happen.

  • Broncos_Fan ( Broncos_Fan@lemmy.one ) 
    link
    fedilink
    arrow-up
    7
    ·
    3 years ago

    When I got engaged to my wife and we were going over our finances, her student loans blew my mind. The way they set up her payments, more than half of her loans were growing despite making monthly payments. The freaking interest was higher than she paid in every month.

  • Broncos_Fan ( Broncos_Fan@lemmy.one ) 
    link
    fedilink
    arrow-up
    6
    ·
    3 years ago

    What a fucking joke.

  • thoro ( thoro@lemmy.ml ) 
    link
    fedilink
    arrow-up
    5
    ·
    3 years ago

    My thoughts on this decision

  • SomeDude ( ProcurementCat@feddit.de ) 
    link
    fedilink
    arrow-up
    4
    ·
    3 years ago

    Congratulations, Americans. You really showed how much you dislike Hillary Clinton. Have fun with the hellhole you created for yourself. Let me guess, you will vote Republican next year because Democrats didn’t do “enough”.

    • milo_bytes ( milo_bytes@pawb.social ) 
      link
      fedilink
      arrow-up
      7
      ·
      3 years ago

      yeah, I bet the millions of Americans who voted Democrat and then had their votes functionally overturned by the archaic electoral college are just thrilled that student loan forgiveness was blocked

      get a grip dude

      • SomeDude ( ProcurementCat@feddit.de ) 
        link
        fedilink
        arrow-up
        1
        ·
        3 years ago

        I’m talking about the dipshits who opposed Hillary Clinton, who told me how bad she’d be and all that stuff. I went all in for her in 2016 because I knew what was at stake. Not enough americans did that and that’s how a 59.2% voter turnout gave us Trump, whereas in 2020, a 66.9% turnout prevented him.

  • matt ( matt@infosec.pub ) 
    link
    fedilink
    arrow-up
    4
    ·
    3 years ago

    I mean, fuck Reagan – he’s the reason why we’re in this mess in the first place.

    https://theintercept.com/2022/08/25/student-loans-debt-reagan/

  • AbidingOhmsLaw ( AbidingOhmsLaw@lemmy.ml ) 
    link
    fedilink
    arrow-up
    2
    ·
    3 years ago

    Pay wall, can’t read the article :(

    • negativenull ( negativenull@negativenull.com ) 
      link
      fedilink
      arrow-up
      7
      ·
      3 years ago

      https://www.npr.org/2023/06/30/1182216970/supreme-court-student-loan-forgiveness-decision-biden

      • AbidingOhmsLaw ( AbidingOhmsLaw@lemmy.ml ) 
        link
        fedilink
        arrow-up
        2
        ·
        3 years ago

        Thank you!

United States | News & Politics@lemmy.ml

usa@lemmy.ml

Subscribe from Remote Instance

Create a post
You are not logged in. However you can subscribe from another Fediverse account, for example Lemmy or Mastodon. To do this, paste the following into the search field of your instance: !usa@lemmy.ml
Visibility: Public
globe

This community can be federated to other instances and be posted/commented in by their users.

  • 3 users / day
  • 97 users / week
  • 926 users / month
  • 2.78K users / 6 months
  • 320 local subscribers
  • 9.52K subscribers
  • 7.65K Posts
  • 15.5K Comments
  • Modlog
  • mods:
  • pangyuehung ( pangyuehung@lemmy.ml ) 
  • ☆ Yσɠƚԋσʂ ☆ ( yogthos@lemmy.ml ) 
  • BE: 0.19.15
  • Modlog
  • Legal
  • Instances
  • Docs
  • Code