this post was submitted on 12 Dec 2023
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A Boring Dystopia
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As someone who has to pay back half of my COVID relief but so many rich people and corporations don't- I feel this deep in my black soul.
$7000 on top of my student loansπ
Quick question? How come you gave to pay half of it back? On what grounds?
They "reassessed" my account and that's all the reason they gave.
But also not /s
I made a $10,000 payment to close out mine a few years ago. Turns out I was right that Biden wouldn't do anything meaningful on that front, and I was tired of being gouged on the interest.
I still support cancellation though. I wish we were spending 200 billion on that instead of another country's war.
You should take a second to look up who is in the way of that happening, because it sure as hell isn't Biden.
It isnβt Biden, who single-handedly struck a deal as a congressman to ensure students couldnβt declare bankruptcy due to crushing student loan debt? Huh.
I don't think the above users meant 1976 when they were talking about Biden's actions on Student Loans. Just a hunch. Also, technically, Student Loans are dischargeable by Bankruptcy starting 5 years into repayment or sooner in the case of undue hardships.
That was a long time ago so it isn't relevant to Biden now /s
well they sure as fuck stopped trying
Nonsense.
https://www.ed.gov/news/press-releases/biden-harris-administration-announces-nearly-5-billion-additional-student-debt-relief
They can't help everyone, or even the majority, but they're helping as many people as they can.
Federal student loans were not accruing interest when Biden took office. Now they are. They could have helped everyone by not raising the interest rates.
They weren't accruing interest because of COVID. Do you think Biden could have unilaterally kept it at 0% indefinitely?
One of the other replies mentioned a recent 5 Bn USD forgiveness of Student Debts, but actually the total amount the Biden Admin has forgiven is 132 Bn USD through various means. They also still plan to go through with the full forgiveness that was initially blocked by Conservative State Attorneys and the Supreme Court on June 30th, in total it will forgive 430 Bn USD.
Dude you know they were referring to covid relief and not LOANS. "On what grounds" they said, obviously that's not referring to paying back a loan and instead on what grounds would you have to pay back RELIEF funds.
Last line they refer to student loans
Because the federal student loan plan is where I got the loan, so now I owe the big G like $15,000 instead of just under $8000.
I never should have had to pay back relief funds. I don't dispute my loans, though they should be inteest free.