Student Debt Forgiveness
- SeattleGriz
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Re: Student Debt Forgiveness
If you voted for Biden, punch yourself in the face.
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Re: Student Debt Forgiveness
It’s ok. He’s proposing a work around…
- SeattleGriz
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Re: Student Debt Forgiveness
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Re: Student Debt Forgiveness
Yeah…he wasn’t liberal enough for my taste either. But whatcha gonna do?
Re: Student Debt Forgiveness
If the powers that be were really serious about paying off student loans, someone would introduce legislation that will begin seizing the endowments of these institutions of higher learning. They are the ones who are reaping the rewards.
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Re: Student Debt Forgiveness
If it was against someone’s religion to pay interest then they wouldn’t take out an interest bearing loan in the first place… right?kalm wrote:God dammit!
This ruling was such an obvious no brainer that even the proggie memes and tweets require tortured logic
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Re: Student Debt Forgiveness
If the powers that be were really serious they wouldn't loan money to anyone attending Trump-style "universities".
The best way to keep people passive and obedient is to strictly limit the spectrum of opinion but allow very lively debate within that spectrum - Noam Chomsky
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Re: Student Debt Forgiveness
..peacefully and patriotically make your voices heard..
JMU Football: 2022 & 2023 Sun Belt East Champions...But you have to go home now. We have to have peace…
..I know how you feel, but go home, and go home in peace.
- UNI88
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Re: Student Debt Forgiveness
And you give the loan takers the same options (bankruptcy) as other debtors.BDKJMU wrote:
Being wrong about a topic is called post partisanism - kalm
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Re: Student Debt Forgiveness
Well then you give them the same interest as other debtors..
..peacefully and patriotically make your voices heard..
JMU Football: 2022 & 2023 Sun Belt East Champions...But you have to go home now. We have to have peace…
..I know how you feel, but go home, and go home in peace.
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Re: Student Debt Forgiveness
That would mean lower interest rates on private student loans.
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Being wrong about a topic is called post partisanism - kalm
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Re: Student Debt Forgiveness
Avg mortgage rates:
6.92%: This week's 30-year-fixed-rate
6.09%: This week's 15-year-fixed-rate
https://www.nerdwallet.com/m/mortgages/ ... gage+rates
https://www.bankrate.com/loans/personal ... 0stability.According to a Bankrate study, the average personal loan interest rate is 11.05 percent as of June 28, 2023.
Avg car loans, even for excellent credit, in the double digits.
https://cars.usnews.com/cars-trucks/adv ... rest-rates
https://www.nerdwallet.com/article/loan ... %20federal.Effective July 1, the current federal student loan interest rate for undergraduates is 5.50% for new loans taken out in the 2023-24 school year….
….The average student loan interest rate is 5.8% among all households with student debt, according to the Education Data Initiative, an organization that collects statistics on the U.S. education system. That includes both federal and private student loans — about 90% of all student debt is federal….
So on avg, current student loan rates are lower interest rates than mortgage loans, and much lower than personal and auto loans.
..peacefully and patriotically make your voices heard..
JMU Football: 2022 & 2023 Sun Belt East Champions...But you have to go home now. We have to have peace…
..I know how you feel, but go home, and go home in peace.
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Re: Student Debt Forgiveness
When my oldest took out Discover student loans with me as a co-signer they were more than double what I would have paid for a home loan at the time.BDKJMU wrote:Avg mortgage rates:
6.92%: This week's 30-year-fixed-rate
6.09%: This week's 15-year-fixed-rate
https://www.nerdwallet.com/m/mortgages/ ... gage+rateshttps://www.bankrate.com/loans/personal ... 0stability.According to a Bankrate study, the average personal loan interest rate is 11.05 percent as of June 28, 2023.
Avg car loans, even for excellent credit, in the double digits.
https://cars.usnews.com/cars-trucks/adv ... rest-rates
https://www.nerdwallet.com/article/loan ... %20federal.Effective July 1, the current federal student loan interest rate for undergraduates is 5.50% for new loans taken out in the 2023-24 school year….
….The average student loan interest rate is 5.8% among all households with student debt, according to the Education Data Initiative, an organization that collects statistics on the U.S. education system. That includes both federal and private student loans — about 90% of all student debt is federal….
So on avg, current student loan rates are lower interest rates than mortgage loans, and much lower than personal and auto loans.
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Being wrong about a topic is called post partisanism - kalm
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Re: Student Debt Forgiveness
Of course not. But as listed above:UNI88 wrote: ↑Tue Jul 04, 2023 9:18 amWhen my oldest took out Discover student loans with me as a co-signer they were more than double what I would have paid for a home loan at the time.BDKJMU wrote: Avg mortgage rates:
6.92%: This week's 30-year-fixed-rate
6.09%: This week's 15-year-fixed-rate
https://www.nerdwallet.com/m/mortgages/ ... gage+rates
https://www.bankrate.com/loans/personal ... 0stability.
Avg car loans, even for excellent credit, in the double digits.
https://cars.usnews.com/cars-trucks/adv ... rest-rates
https://www.nerdwallet.com/article/loan ... %20federal.
So on avg, current student loan rates are lower interest rates than mortgage loans, and much lower than personal and auto loans.
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Fed student loan (90% of student loans) rate for 2023-2024 5.5%
Avg mortgages 6.92% (30 yr) and 6.09% (15 yr).
..peacefully and patriotically make your voices heard..
JMU Football: 2022 & 2023 Sun Belt East Champions...But you have to go home now. We have to have peace…
..I know how you feel, but go home, and go home in peace.
- UNI88
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Student Debt Forgiveness
BDKJMU wrote:Of course not. But as listed above:
Fed student loan (90% of student loans) rate for 2023-2024 5.5%
Avg mortgages 6.92% (30 yr) and 6.09% (15 yr).
I can play the narrow the scope of argument in order to win the debate as well as you and kalm if I choose to.UNI88 wrote: That would mean lower interest rates on private student loans.
Being wrong about a topic is called post partisanism - kalm
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Re: Student Debt Forgiveness
So what. You started with the narrow scope. Yea, private student loans interestrates are higher than fed student loans, but still are lower than auto and personal loans, and and are only about 10% of student loans.UNI88 wrote: ↑Tue Jul 04, 2023 10:44 amBDKJMU wrote: Of course not. But as listed above:
Fed student loan (90% of student loans) rate for 2023-2024 5.5%
Avg mortgages 6.92% (30 yr) and 6.09% (15 yr).I can play the narrow the scope of argument in order to win the debate as well as you and kalm if I choose to.UNI88 wrote: That would mean lower interest rates on private student loans.
..peacefully and patriotically make your voices heard..
JMU Football: 2022 & 2023 Sun Belt East Champions...But you have to go home now. We have to have peace…
..I know how you feel, but go home, and go home in peace.
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Re: Student Debt Forgiveness
Biden attempting another backdoor unconstitutional student debt forgiveness scheme, at a cost to the taxpayers of 230 billion over 10 years. It will be legally challneged, and struck down by SCOTUS in 2024 or 2025 for the fact that it is spending, which Congress has to approve.
https://www.pbs.org/newshour/politics/h ... gal-battle
But in the meantime how many votes will it buy?
https://www.pbs.org/newshour/politics/h ... gal-battle
But in the meantime how many votes will it buy?
..peacefully and patriotically make your voices heard..
JMU Football: 2022 & 2023 Sun Belt East Champions...But you have to go home now. We have to have peace…
..I know how you feel, but go home, and go home in peace.
- SeattleGriz
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Re: Student Debt Forgiveness
If you take 39B and divide by 804k, it's $48,500.BDKJMU wrote: ↑Sat Jul 15, 2023 9:15 am Biden attempting another backdoor unconstitutional student debt forgiveness scheme, at a cost to the taxpayers of 230 billion over 10 years. It will be legally challneged, and struck down by SCOTUS in 2024 or 2025 for the fact that it is spending, which Congress has to approve.
https://www.pbs.org/newshour/politics/h ... gal-battle
But in the meantime how many votes will it buy?
Holy shit, especially if they've been paying student debt for 20-25 years. This seems like a gift to the Ivy leaguers who rang up big bills.
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