Trump Administration [ordered to comply with] Student Loan Debt [Cancellation law]

8,096 Views | 102 Replies | Last: 2 hrs ago by Saxsoon
Rapier108
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Quote:

In a significant win for student loan borrowers, the Trump administration has agreed to a court-supervised plan that will speed up debt cancellation under income-driven repayment programs and protect borrowers from unexpected tax bills next year.

The administration and the American Federation of Teachers (AFT) reached the agreement Friday in the AFT v. U.S. Department of Education case, resolving months of legal tension over the government's obligation to cancel student debt for borrowers who have made decades of payments under federal law.

The AFT said in a statement that the deal now awaiting court approval requires the Education Department to follow through on debt forgiveness for eligible borrowers in 2025 and ensures they won't face a surprise tax hit because of bureaucratic delays.

"For nearly a decade, the AFT has fought for the rights of student loan borrowers to be freed from the shackles of unjust debtand today, a huge part of that affordability fight was vindicated," AFT President Randi Weingarten said. "This year, we took on the Trump administration when it refused to follow the law and denied borrowers the relief they were owed.

https://www.foxbusiness.com/politics/trump-administration-agrees-speed-up-student-loan-forgiveness-under-new-court-deal

So Trump bends the knee to Randi Weingarten and the AFT (why the **** do they even have standing to sue?) and does exactly what Biden was trying to do.

This is not what people voted for whatsoever.

If you took out your loans, you should have to pay them back. It is not everyone else's fault you can get a good paying job with a degree in Medieval Lesbian Poetry and a minor in trans-studies.

[We will leave this thread up so the conversation can continue, but the title was an obvious troll -- Staff]
Apollo79
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But but the SC
CDUB98
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AG
Bad Trump
Rapier108
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This not related to the case the Supreme Court heard in Biden v. Nebraska, Larry, but of course you know that.

https://texags.com/forums/16/topics/3385278/replies/65135624

That involved the HEROS Act, which was blocked.

Of course you just follow me around to be a troll.
"If you will not fight for right when you can easily win without blood shed; if you will not fight when your victory is sure and not too costly; you may come to the moment when you will have to fight with all the odds against you and only a precarious chance of survival. There may even be a worse case. You may have to fight when there is no hope of victory, because it is better to perish than to live as slaves." - Sir Winston Churchill
Juan Lee Pettimore
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Hate this.
Rossticus
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If a loan was taken out under a certain loan agreement/program, then that agreement should be honored and not reneged on (as is, I believe, what was being attempted here). That's the government's fault for offering them in the first place (dumb). Discontinue those programs and move forward with more intelligent practices, or better yet, stop backing student loans entirely.
suburban cowboy
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AG
BS
jja79
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AG
Someone explain this like I'm a 2nd grader. Is this forced by the court or a flip by Trump?
rocky the dog
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AG
Elections are when people find out what politicians stand for, and politicians find out what people will fall for.
DallasAg 94
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I'm the JackAss who worked through college and earnestly paid off the limited Student Debt I needed so I could remain academically eligible and graduate.

All while others spent their Student Loan money on lavish Spring Break events, other fun travel.

Time for me to pay off their hardship, I suppose. So many going into retirement with tens-of-thousands in SL debt 30+ yrs after school.
Logos Stick
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The universities should pay for the debt. They are selling snake oil.
redcrayon
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AG
Utter BS
Waffledynamics
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Logos Stick said:

The universities should pay for the debt. They are selling snake oil.

This. Until these institutions are made to have skin in the game, nothing will get fixed.
schmellba99
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Not a fan of this BS at all.

Pay your damn loan. I did, so those that took out loans voluntarily should have to as well.

If not, i want my fuggin money back. With interest.
Rossticus
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jja79 said:

Someone explain this like I'm a 2nd grader. Is this forced by the court or a flip by Trump?


There have been a variety of income based repayment plans for years that were used by people who were eligible for loan forgiveness programs offered by the Department of Education. In this case, public service and teaching.

The administration decided that it wanted to try and circumvent the ability of people who took out loans under these programs to continue utilizing the designated repayment programs to complete their payment plans and request forgiveness for their remaining loan balances.

These programs were legislatively enacted and the administration tried to negate the programs by making the applications unavailable and stopping loan servicers from processing them, amongst other things.

Long story short, the executive branch can't make a legislatively created program unavailable to people who qualify it, to my understanding. They got taken to court and agreed to follow through with the provisions of the program.

Don't like it? Get the legislative branch to rescind the programs.
Teslag
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jja79 said:

Someone explain this like I'm a 2nd grader. Is this forced by the court or a flip by Trump?


Congress passed a bill that said if someone does 10 years in public service job and makes payments for those 10 years the government will forgive the balance of their student loan.

Republican president signed it into law.

Student loan borrowers fulfilled the terms of this lawful program, filed for their forgiveness after 10 years of payments and service.

Trump admin denied them because reasons.

Court told Trump admin to follow law and forgive debt according to the terms the government made with borrowers who did their part.
Rossticus
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schmellba99 said:

Not a fan of this BS at all.

Pay your damn loan. I did, so those that took out loans voluntarily should have to as well.

If not, i want my fuggin money back. With interest.


It's a loan forgiveness program established by congress for public service occupations, including teachers. Trump tried to run an end around to circumvent the law via executive action instead of the legislature rescinding the law. Read the article. Good lord.

The College Cost Reduction and Access Act of 2007. This law allows certain federal student loan borrowers to have the remaining balance on their Direct Loans forgiven after making 120 qualifying monthly payments while working full-time for a qualifying public service employer. Key requirements include making payments under an income-driven repayment (IDR) plan, which allows for the remaining balance to be forgiven tax-free after 10 years of qualifying payments.
Rossticus
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By the way, you'll all get a kick out of this.

The College Cost Reduction and Access Act of 2007 was passed when Democrats controlled both the House and the Senate. The bill was signed into law by President George W. Bush after being passed by Congress in September 2007, with House Speaker Nancy Pelosi (D-CA) and House Education Committee Chair George Miller (D-CA) playing key roles.

The bill was passed by the Senate 79-12 and the House 292-97 before being signed into law on September 19, 2007.

Democrats had a 233-202 majority In the house and a 51-49 majority in the senate.
MooreTrucker
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So for all the pissed off "pay your damn loans" folks, this ain't that, right? Not forgiving ALL student loans like Bernie wants, just people in a specific loan program?
Rossticus
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You are correct, sir. Under a program signed into law in 2007.

https://www.congress.gov/bill/110th-congress/house-bill/2669
infinity ag
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I paid $200k for my son's 4 years of college. When do I get my money back?
infinity ag
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Trump is as big a clown as Biden!
Rossticus
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infinity ag said:

I paid $200k for my son's 4 years of college. When do I get my money back?


Get him to work in a public service job for 10 years. You had that as an option just like everyone else.

The point of the law was to incentivize people to work in public service jobs despite the lower pay.
one safe place
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This is stupid.
Rossticus
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infinity ag said:

Trump is as big a clown as Biden!


Because he's being forced to follow the stipulations of a literal law? I think it's a stupid law, but if Trump wants to do something about it he should… now stick with me here… get the majorities he has in the house and senate to change the law.

Novel concept, I know. Which is why I suspect it's political theater for the folks who like to spring straight to outrage without taking the time to inquire as to what's actually involved here.
Ag87H2O
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AG
Said it with Biden and nothing changes under Trump. If you borrow money, you should pay it back.

Bad, bad Trump.
SunrayAg
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AG
So totally false rage bait thread title… but keep on shrieking.

Court ordered settlement.

Not Trump forgiving loans. Court ordered.

Not every basket weaving major who wants to buy a Mercedes instead of paying back loans. Low income borrowers who have made payments for a long time.

Still don't think it should happen. But unfortunately we have a lot of libtard courts.

And it is not necessary to lie so blatantly in the thread title.
Rossticus
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Ag87H2O said:

Said it with Biden and nothing changes under Trump. If you borrow money, you should pay it back.

Bad, bad Trump.


So, you support trying to simply bypass the law just like the libtards, instead of changing it while we have both houses. Brilliant.
soggybottomboy
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Gotta take the money from Medicare and its gravy. Transfer wealth from the olds to the young.
Teslag
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AG
Ag87H2O said:

Said it with Biden and nothing changes under Trump. If you borrow money, you should pay it back.

Bad, bad Trump.



Shouldn't lenders also honor the terms of loans?
redcrayon
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AG
Mea culpa. Sounds like the admin had no choice.
94chem
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Rossticus said:

infinity ag said:

I paid $200k for my son's 4 years of college. When do I get my money back?


Get him to work in a public service job for 10 years. You had that as an option just like everyone else.

The point of the law was to incentivize people to work in public service jobs despite the lower pay.


I think this is what drove DeSantis into politics. He got all his loans paid off.
94chem,
That, sir, was the greatest post in the history of TexAgs. I salute you. -- Dough
Rockdoc
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SunrayAg said:

So totally false rage bait thread title… but keep on shrieking.

Court ordered settlement.

Not Trump forgiving loans. Court ordered.

Not every basket weaving major who wants to buy a Mercedes instead of paying back loans. Low income borrowers who have made payments for a long time.

Still don't think it should happen. But unfortunately we have a lot of libtard courts.

And it is not necessary to lie so blatantly in the thread title.

OP has terminal TDS, so not surprised.
redcrayon
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94chem said:

Rossticus said:

infinity ag said:

I paid $200k for my son's 4 years of college. When do I get my money back?


Get him to work in a public service job for 10 years. You had that as an option just like everyone else.

The point of the law was to incentivize people to work in public service jobs despite the lower pay.


I think this is what drove DeSantis into politics. He got all his loans paid off.


No, he didn't.
YouBet
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AG
Guess I have to reluctantly stand down on this one. If that is the idiot program put in place and terms were met, then so be it.

Federal government needs to get 100% out of the loan game though. Thanks Obama.
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