User Tag List

+ Reply to Thread
Page 1 of 3 123 LastLast
Results 1 to 10 of 21

Thread: 400,000 were promised student loan forgiveness. Now they are panicking

  1. #1
    Points: 22,553, Level: 36
    Level completed: 51%, Points required for next Level: 597
    Overall activity: 0%
    Achievements:
    10000 Experience PointsVeteran
    Cannons Front's Avatar Senior Member
    Karma
    13491
    Join Date
    Jan 2017
    Location
    Ohio
    Posts
    5,048
    Points
    22,553
    Level
    36
    Thanks Given
    2,897
    Thanked 5,150x in 2,896 Posts
    Mentioned
    23 Post(s)
    Tagged
    0 Thread(s)

    400,000 were promised student loan forgiveness. Now they are panicking

    More than 400,000 student loan borrowers may have placed their faith in a government program with an uncertain future.

    The Public Service Loan Forgiveness Program promises to cancel any remaining student debt for those who work for the government or nonprofits if they have been making on-time payments for 10 years. Many teachers, public defenders, Peace Corps workers, and law enforcement officers fit the qualifications.



    This October marks the 10th year of the program and the first time anyone will have made enough payments to get their debt wiped away. It's unclear how much the program will cost the government when its starts to forgive those debts.

    http://money.cnn.com/2017/05/18/pf/c...ess/index.html


    Well I guess you should think before you borrow thousands of dollars
    "The powers of the federal government are enumerated; it can only operate in certain cases; it has legislative powers on defined and limited objects, beyond which it cannot extend its jurisdiction." James Madison 1788

  2. The Following User Says Thank You to Cannons Front For This Useful Post:

    Tahuyaman (05-18-2017)

  3. #2
    Points: 339,803, Level: 100
    Level completed: 0%, Points required for next Level: 0
    Overall activity: 0.1%
    Achievements:
    Overdrive50000 Experience PointsSocialVeteran
    exotix's Avatar Senior Member
    Karma
    538621
    Join Date
    Oct 2012
    Location
    Starz Fall on Alabama !
    Posts
    50,476
    Points
    339,803
    Level
    100
    Thanks Given
    7,713
    Thanked 9,534x in 7,660 Posts
    Mentioned
    951 Post(s)
    Tagged
    0 Thread(s)
    No sweat ... Trump will create millions and millions of jobs so everybody can pay back their student loans.



    'How and Why ?' ~ Einstein

  4. #3
    Points: 445,259, Level: 100
    Level completed: 0%, Points required for next Level: 0
    Overall activity: 2.0%
    Achievements:
    SocialVeteran50000 Experience PointsOverdrive
    Common's Avatar Senior Member
    Karma
    339112
    Join Date
    Feb 2013
    Posts
    66,765
    Points
    445,259
    Level
    100
    Thanks Given
    8,785
    Thanked 18,315x in 10,924 Posts
    Mentioned
    396 Post(s)
    Tagged
    0 Thread(s)
    Quote Originally Posted by exotix View Post
    No sweat ... Trump will create millions and millions of jobs.
    You mean like Obama lol
    LETS GO BRANDON
    F Joe Biden

  5. #4
    Points: 173,946, Level: 99
    Level completed: 8%, Points required for next Level: 3,704
    Overall activity: 0.1%
    Achievements:
    Social50000 Experience PointsOverdriveRecommendation Second ClassVeteran
    Bo-4's Avatar Senior Member
    Karma
    295339
    Join Date
    Oct 2014
    Location
    N Oregon Coast
    Posts
    36,763
    Points
    173,946
    Level
    99
    Thanks Given
    11,535
    Thanked 10,310x in 8,305 Posts
    Mentioned
    669 Post(s)
    Tagged
    0 Thread(s)
    Quote Originally Posted by Common View Post
    You mean like Obama lol
    Yes like Obama ...

    Has Trumpf created 11.3 million of them yet?

    http://money.cnn.com/2017/01/06/news...-million-jobs/

  6. #5
    Original Ranter
    Points: 858,890, Level: 100
    Level completed: 0%, Points required for next Level: 0
    Overall activity: 91.0%
    Achievements:
    SocialCreated Album picturesOverdrive50000 Experience PointsVeteran
    Awards:
    Posting Award
    Peter1469's Avatar Advisor
    Karma
    496515
    Join Date
    Jun 2011
    Location
    NOVA
    Posts
    241,644
    Points
    858,890
    Level
    100
    Thanks Given
    153,205
    Thanked 147,525x in 94,386 Posts
    Mentioned
    2552 Post(s)
    Tagged
    0 Thread(s)
    Make student loans dischargeable in bankruptcy and the problem will sort itself out in a few years.
    ΜOΛΩΝ ΛΑΒΕ


  7. #6
    Points: 34,178, Level: 45
    Level completed: 16%, Points required for next Level: 1,272
    Overall activity: 0.1%
    Achievements:
    50000 Experience PointsVeteranYour first Group
    jimmyz's Avatar Senior Member
    Karma
    176619
    Join Date
    Jul 2014
    Posts
    11,597
    Points
    34,178
    Level
    45
    Thanks Given
    0
    Thanked 6,315x in 4,381 Posts
    Mentioned
    84 Post(s)
    Tagged
    0 Thread(s)
    Politicians create zero jobs in the private sector. They do have 1.4 million paper pushers working for the Federal Government that they can take credit for though.
    Link - http://www.washingtontimes.com/news/...-growth-slows/
    " I'm old-fashioned. I like two sexes! And another thing, all of a sudden I don't like being married to what is known as a 'new woman'. I want a wife, not a competitor. Competitor! Competitor!" - Spencer Tracy in 'Adam's Rib' (1949)

    Art thou every retard among us related to thine uncle or mistress by way of moral or illegitimate rendezvous? Thus, we are one side of the other's coin by luck or pluck. - Jimmyz

  8. #7
    Points: 339,803, Level: 100
    Level completed: 0%, Points required for next Level: 0
    Overall activity: 0.1%
    Achievements:
    Overdrive50000 Experience PointsSocialVeteran
    exotix's Avatar Senior Member
    Karma
    538621
    Join Date
    Oct 2012
    Location
    Starz Fall on Alabama !
    Posts
    50,476
    Points
    339,803
    Level
    100
    Thanks Given
    7,713
    Thanked 9,534x in 7,660 Posts
    Mentioned
    951 Post(s)
    Tagged
    0 Thread(s)
    Quote Originally Posted by Peter1469 View Post
    Make student loans dischargeable in bankruptcy and the problem will sort itself out in a few years.
    They used to be discharged under bankruptcy ... Bush and the GOP outlawed that along with eliminating Pell Grants ... then collapsed the economy.
    'How and Why ?' ~ Einstein

  9. #8
    Original Ranter
    Points: 858,890, Level: 100
    Level completed: 0%, Points required for next Level: 0
    Overall activity: 91.0%
    Achievements:
    SocialCreated Album picturesOverdrive50000 Experience PointsVeteran
    Awards:
    Posting Award
    Peter1469's Avatar Advisor
    Karma
    496515
    Join Date
    Jun 2011
    Location
    NOVA
    Posts
    241,644
    Points
    858,890
    Level
    100
    Thanks Given
    153,205
    Thanked 147,525x in 94,386 Posts
    Mentioned
    2552 Post(s)
    Tagged
    0 Thread(s)
    Quote Originally Posted by exotix View Post
    They used to be discharged under bankruptcy ... Bush and the GOP outlawed that along with eliminating Pell Grants ... then collapsed the economy.
    Two different topics.
    ΜOΛΩΝ ΛΑΒΕ


  10. #9
    Original Ranter
    Points: 314,886, Level: 100
    Level completed: 0%, Points required for next Level: 0
    Overall activity: 0.2%
    Achievements:
    SocialRecommendation Second Class50000 Experience PointsOverdriveVeteranYour first Group
    Captain Obvious's Avatar Senior Member
    Karma
    773942
    Join Date
    Jun 2011
    Posts
    80,473
    Points
    314,886
    Level
    100
    Thanks Given
    30,199
    Thanked 40,087x in 27,208 Posts
    Mentioned
    1041 Post(s)
    Tagged
    1 Thread(s)
    Beat the piss out of them with a nail bat until they pay

  11. The Following User Says Thank You to Captain Obvious For This Useful Post:

    NapRover (05-19-2017)

  12. #10
    Points: 123,366, Level: 85
    Level completed: 17%, Points required for next Level: 2,684
    Overall activity: 60.0%
    Achievements:
    50000 Experience PointsSocialVeteran
    FindersKeepers's Avatar Senior Member
    Karma
    173984
    Join Date
    Jan 2016
    Posts
    35,702
    Points
    123,366
    Level
    85
    Thanks Given
    25,436
    Thanked 26,625x in 16,267 Posts
    Mentioned
    271 Post(s)
    Tagged
    0 Thread(s)
    Quote Originally Posted by Cannons Front View Post
    More than 400,000 student loan borrowers may have placed their faith in a government program with an uncertain future.

    The Public Service Loan Forgiveness Program promises to cancel any remaining student debt for those who work for the government or nonprofits if they have been making on-time payments for 10 years. Many teachers, public defenders, Peace Corps workers, and law enforcement officers fit the qualifications.



    This October marks the 10th year of the program and the first time anyone will have made enough payments to get their debt wiped away. It's unclear how much the program will cost the government when its starts to forgive those debts.

    http://money.cnn.com/2017/05/18/pf/c...ess/index.html


    Well I guess you should think before you borrow thousands of dollars
    People SHOULD think before borrowing money, but, at the same time, if these people have taken jobs in areas they would not normally have taken, just because they were promised debt forgiveness, that, too, is a problem.

    This program has enticed doctors to backwoods hospitals, nurses to reservations, and other professionals to places they would not normally have worked. The benefits have been advertised as part of the job package.

    I think it's going to be tough to pull out of that commitment.
    ""A government which robs Peter to pay Paul can always depend on the support of Paul" ~George Bernard Shaw

+ Reply to Thread

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts