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

8,132 Views | 102 Replies | Last: 4 hrs ago by Saxsoon
Apollo79
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Rossticus said:

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.




This thread is one big tds rant full of lies
jja79
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AG
Thanks. The thread title and initial posts made it sound like Trump just went straight up Biden and unilaterally started discharging debt.
Rossticus
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YouBet said:

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.


Sadly, this one is on G.W.
94chem
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redcrayon said:

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.


Funny - he apparently carries a small debt, even though he is worth a few $million now. Maybe he's held on to it so he could get it paid off, but I think you have to make 120 consecutive payments.
94chem,
That, sir, was the greatest post in the history of TexAgs. I salute you. -- Dough
91AggieLawyer
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AG
Waffledynamics said:

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.


I've been saying this for years. I don't necessarily have a problem with the forgiveness so much as I do letting the universities who received the proceeds off the hook.
AggieVictor10
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AG
Lol, lmao even
RGLAG85
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AG
Rapier108 said:

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.

TDS flares again. Thanks too the reasonable poster for trying to explain this above all the screeching.
Ag with kids
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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, what you're saying is that the terms of the loan need to be followed, correct?
BigRobSA
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Ag with kids said:

Ag87H2O said:

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

Bad, bad Trump.

So, what you're saying is that the terms of the loan need to be followed, correct?



I blame public schools.
fc2112
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So Trump is going to do more for student loan debt than Biden ever did?
ts5641
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Yeah, I'm not a fan of this at all. I'd like to know more though. I'm sure there's some nuance to this.
Yesterday
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AG
Reading is hard for some of you. Including the OP who intentionally mislead the forum. It literally says in his quotes that the Trump administration had no choice because it is the law. Some King Trump is.
Ag87H2O
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AG
Ag with kids said:

Ag87H2O said:

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

Bad, bad Trump.

So, what you're saying is that the terms of the loan need to be followed, correct?
Yes
Teslag
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AG
Ag87H2O said:

Ag with kids said:

Ag87H2O said:

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

Bad, bad Trump.

So, what you're saying is that the terms of the loan need to be followed, correct?
Yes


The terms of the loan were that they were to be forgiven after 10 years of payments and 10 years public service. So you agree that they should have been forgiven by the lender?
Sq 17
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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?


I could be mistaken but
" income driven repayment " has been a thing for awhile and Trump decided he was not going to try and cancel this particular program.

Seeing as Student loan debt is not dischargable under bankruptcy allowing a cap on the number of years a person can be held liable could be considered a reasonable compromise.

Of course making student load dischargable would also be a solution
Teslag
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You're mistaken a bit. The Trump administration decided they weren't going to honor the government's part of the deal and the court forced them to.
Over_ed
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Apollo79 said:

Rossticus said:

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.




This thread is one big tds rant full of lies

Yep, usual, low info, hissy fits. OTOH, at least these kids were able to find employment.
Sq 17
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Thanks for the added insight, not surprising he tried to cancel the program ( and lost )
Slightly surprising he decided to yield I guess someone decided this was not a hill worth dying on
Not a dig on Trump lots of decisions are made by people who aren't the POTUS and he agrees or finds new advisors
redcrayon
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94chem said:

redcrayon said:

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.


Funny - he apparently carries a small debt, even though he is worth a few $million now. Maybe he's held on to it so he could get it paid off, but I think you have to make 120 consecutive payments.


So you were wrong. He hasn't had any loans forgiven. What in the world makes you think he's in the forgiveness program? You realize not just any public service qualifies, right?

Aren't you the one who questioned how Desantis paid for college when he ran for President? I remember a weird thread about that.
CDUB98
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AG
Quote:

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.

IF this is indeed the case, and Trump is trying to bypass the dutifully enacted legislation, then I also need to back down and let it go.
LOYAL AG
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AG
This is me making a mental note not to trust OP to frame an issue correctly in his title or post.
agracer
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Rossticus said:

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.


Every time one of these threads comes up everyone springs to outrage without reading the article. This same thing has been discussed like 10 times on this board and everyone just yells "pay your loans!!" without reading the article or understanding context. They get all emotional, like Democrats.
infinity ag
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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.


All public service jobs have been outsourced. Nothing available in the US anymore. Next is to outsource our government and have Congressmen from India, China, Arabia, Philippines.
zag213004
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AG
Teslag said:

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.


So is it bad Trump that he wasn't following the law or bad Trump that he has to follow the law?
LOYAL AG
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agracer said:

Rossticus said:

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.


Every time one of these threads comes up everyone springs to outrage without reading the article. This same thing has been discussed like 10 times on this board and everyone just yells "pay your loans!!" without reading the article or understanding context. They get all emotional, like Democrats.


We generally think of each other as friends on F16 and I trust my friends to frame an issue correctly. In this case OP failed spectacularly to do so and it but a lot of people in the ass. Hence my note a few minutes ago not to trust OP to frame an issue correctly.
YouBet
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Rossticus said:

YouBet said:

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.


Sadly, this one is on G.W.


Obama lite!

But seriously, f* Obama for federalizing the vast majority of all other school loans as part of ObamacareCollege.
captkirk
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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.

Nothing to do with Trump. People on this thread are soft in the head
CDUB98
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AG
infinity ag 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.


All public service jobs have been outsourced. Nothing available in the US anymore. Next is to outsource our government and have Congressmen from India, China, Arabia, Philippines.

Is that why the gov't payrolls here in the US are so bloated.

Get the **** out of here with your blathering, two chord song.
Viper16
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Apollo79 said:

Rossticus said:

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.




This thread is one big tds rant full of lies

Another big troll job by the OP, of which we know has been immersed with TDS from the beginning.
Lex Talionis.......Ordo Seclorum
CDUB98
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AG
Quote:

[We will leave this thread up so the conversation can continue, but the title was an obvious troll -- Staff]

STAFF, I'd like to respectfully disagree.

While Rapier indeed jumped to conclusions, it was out of not reading the article in its entirety. He wasn't trolling.

Respectfully.
Viper16
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AG
CDUB98 said:

Quote:

[We will leave this thread up so the conversation can continue, but the title was an obvious troll -- Staff]

STAFF, I'd like to respectfully disagree.

While Rapier indeed jumped to conclusions, it was out of not reading the article in its entirety. He wasn't trolling.

Respectfully.

Respectfully, he was indeed trolling. It's his MO whenever he posts subject matter concerning Trump……since the day Trump rode the escalator down announcing his first candidacy for President.
Lex Talionis.......Ordo Seclorum
schmellba99
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Rossticus said:

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.


Ahh, in that case it isn't as big of a deal then. I remember looking into this when my wife got into teaching, but for some reason she wasn't eligible for the program at the time. So I still had to pay all of her loans back.
DrEvazanPhD
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CDUB98 said:

Quote:

[We will leave this thread up so the conversation can continue, but the title was an obvious troll -- Staff]

STAFF, I'd like to respectfully disagree.

While Rapier indeed jumped to conclusions, it was out of not reading the article in its entirety. He wasn't trolling.

Respectfully.

Then maybe he should have before running and posting about it. It's the same drive-by media bull**** none of us like.
Ag87H2O
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AG
captkirk said:

Ag87H2O said:

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

Bad, bad Trump.

Nothing to do with Trump. People on this thread are soft in the head

Not soft in the head, just admittedly saw the headline and skimmed the first few sentences and jumped to the wrong conclusion. Get it that Trump is just following the law, so not his fault. I still maintain that the whole policy was wrong and that if you borrow money you should pay it back - in full. Otherwise it should be called a grant. Once again, bad policy leads to bad outcomes.
Bucketrunner
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The younger generation appears to be irresponsible
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