If there is a federal student loan program still in existence, it needs to be shut down.

And those of us that worked hard to pay or own tuition.

Negative impact on future employment opportunities.

Was this part of the "Inflation reduction act" they recently passed? What a crock of BS.

UNBELIEVABLE! The idiot in chief has struck again. We paid off my wife's and my student loans. Why should we and others pay off agreements made by the affected students? Long term cost: $ 300 Billion.
Really smart. How much can this nation take of this spend free moron? This man is lower than the whale poop on the bottom of the deep blue sea!

When I graduated college in 08, my first employer post graduation offered a 1967 camp trailer parked in the equipment compound behind the office building for me to live in for free, it sort of benefitted them to have me there since they were having a lot of theft problems. I froze my butt off in North Idaho for 9 months just using a stove burner for heat and making a 100 yard dash to a shower in the shop building and paid my loans off in 9 months putting basically 80% of my income at my debts. Granted I only had $20k in debt, but I also worked in college, worked my tail off in the summers, started at a community college, got good enough grades to get a few scholarships, and didn’t go and buy a car with student loans like some of my classmates did. A lot of these people with insane loan balances borrowed money for their entire existence, groceries, rent, bar tabs etc. Now they want their loans forgiven, it’s pathetic. If you have $200k in loans and don’t have Dr. or Lawyer by your name you are a complete moron.

I’ll be waiting on a reimbursement check from Biden and also an additional amount for pain and suffering freezing in a camper. Getting ahead in life is all about sacrifices, this only teaches an entire generation that if you don’t want to fulfill your obligations then you’re entitled to a bail out.

This

Biting my tongue

I busted my...... & I paid cash for my education.

The government has mastered the art of being irresponsible with debt and now they are indoctrinating our young people into thinking that it is the way it should be.

Most minorities got a free college degree...if they chose to.

100 billion here, a hundred billion there...pretty soon you're talking "real money"...

as a stupid boomer, I paid for my daughter's bachelor's degree; at the expense of my retirement account.

they sure are pulling out all of the stops to save this sorry excuse for a "government".

Joe's not buying votes or buying anything. He's making us buy the votes for him. Somebody chooses extended education so they can make more money for themselves, and the working man gets to pay their bill. How is that right? I heard somebody say they should have cancer debt foregiveness because cancer is not a choice. That makes more sense than forgiving college debt.

I'm wondering if this will even stand. This idiot thinks he can "forgive" debt with the stroke of a pen.
These executive order privelages have got to stop, no matter who is President.

It's taxation without representation! Our forefathers fought a revolution over this.

Good post RockCrick. Really like your story!

Well when they just print it out of thin air for these things it isn't really other people's money. It just makes other people's money worth less.

It's tough, My son had four years of collage & worked during the four years. The last five years after school he's been working like crazy to pay the loan off. He finished paying March of 2022.
I know of people that went to collage and never worried about paying them back. Gives ya a crappy feeling.

I heard today that families that make under 250k will be eligible. If you're making 250k, pay your own stinking bills.

Why don't they use that money to try and get homeless people straightened out. Why does the richest country in the world, have a homeless problem?

Becuse they closed the state hospitals, and enable drug users.

College's have a racket going better than the mafia could of ever dreamed of, get tax payer's to fund all their big building's, research facility's, etc. Then over charge student's for a crappy product, if the education they paid for was worth the thousands of dollars they paid for it wouldn't they be out working high paying jobs and able to pay of their own loans? Since they can't find work and can't pay off their debt that 'education' the college sold them must not be worth the paper it's written on.

Crappy diploma owning idiot's that can't pay the university's back what they owe them, no problem we'll just have all those who couldn't afford to go to college pay it off for them!


Hope everyone is enjoy this new Soviet Union American Style country we have.