Senate Dems proposal to pause student loans/Pay $10k

[jesmu84]

https://finance.yahoo.com/news/senate-democrats-to-cancel-student-loan-payments-and-cancel-10000-in-debt-164550986.html

That would be a LOT of money

[mu_hilltopper]

I edited the title from "Federal Government" .. this is just a proposal from Senate Democrats.

I would imagine the chances it would pass are zero point zero with the current Senate makeup.

[JWags85]

I bet it would be like the interest deduction where there is an income cutoff threshold.  Thus disqualifying most people who got good paying jobs after master's degrees and anyone who climbed the ladder or moved to a high COL city post-undergrad while still paying loans.

[Hards Alumni]

I bet it would be like the interest deduction where there is an income cutoff threshold.  Thus disqualifying most people who got good paying jobs after master's degrees and anyone who climbed the ladder or moved to a high COL city post-undergrad while still paying loans.

My student loans are done in September... and I don't need the money.

[Hards Alumni]

Of course this is a democrat proposal...

Too bad you found this forum.  We were doing so well.

[JWags85]

My student loans are done in September... and I don't need the money.

Don't dislocate your shoulder patting yourself on the back 

[Coleman]

My student loans are done in September... and I don't need the money.

Cool beans

[Hards Alumni]

Don't dislocate your shoulder patting yourself on the back 

I mean, I graduated 16 years ago.

So I should feel bad?

[JWags85]

I mean, I graduated 16 years ago.

So I should feel bad?

Great that you're basically finished.  I'm not sure what that added to the discussion at all other than to boast and/or disparage others not in your position.

[Hards Alumni]

Great that you're basically finished.  I'm not sure what that added to the discussion at all other than to boast and/or disparage others not in your position.

Oh, just that I was agreeing with you that not everyone will need it, but everyone should be able to take it.  Sorry for not being clear, I have been on the bandwagon for a while that there should be some degree of debt forgiveness.  I'm not for 100%, but its there.  I'll just never see any of the cash at this point.  And I will be fine for it.

Sorry, it really wasn't clear what I meant.

[jesmu84]

Oh, just that I was agreeing with you that not everyone will need it, but everyone should be able to take it.  Sorry for not being clear, I have been on the bandwagon for a while that there should be some degree of debt forgiveness.  I'm not for 100%, but its there.  I'll just never see any of the cash at this point.  And I will be fine for it.

Sorry, it really wasn't clear what I meant.

Thanks for taking a much more mature position on debt forgiveness than others.

"Well, I did it, so everyone else should have to as well!"

[GB Warrior]

I worked like hell to pay mine off in a little over 5. And you know what? I don't care if we support the base of individuals that would like nothing more than to put money back into the economy.

In times like these, it means allowing them to scrape by. When things are good? Well that's a whole generation of people who might want to buy my house and afford it. Downstream effects of alleviating some of the pain from an indebted generation. Liz is right, Y'all.

[Hards Alumni]

I worked like hell to pay mine off in a little over 5. And you know what? I don't care if we support the base of individuals that would like nothing more than to put money back into the economy.

In times like these, it means allowing them to scrape by. When things are good? Well that's a whole generation of people who might want to buy my house and afford it. Downstream effects of alleviating some of the pain from an indebted generation. Liz is right, Y'all.

Trickle up?

[JWags85]

Oh, just that I was agreeing with you that not everyone will need it, but everyone should be able to take it.  Sorry for not being clear, I have been on the bandwagon for a while that there should be some degree of debt forgiveness.  I'm not for 100%, but its there.  I'll just never see any of the cash at this point.  And I will be fine for it.

Sorry, it really wasn't clear what I meant.

All good man. And I hear you. Even with plenty of loans myself, I’m not in favor of outright total forgiveness, but a portion like this isn’t unappealing, provided it’s not absurdly means tested.