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Thread: Over 153,000 people got emails today, notifying them that their student loans are "forgiven"

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  1. #1

    Over 153,000 people got emails today, notifying them that their student loans are "forgiven"

    No, not forgiven, transferred to us.

    And you, who pay all your bills on time and plan your spending and debt, well, $#@! $#@!ing you.

    Have you had enough YET?

    Biden Transferring Student Debt from 153,000 Borrowers, Notifies Them in Emails

    https://www.breitbart.com/2024-elect...hem-in-emails/

    NICK GILBERTSON 21 Feb 2024

    More than 150,000 borrowers are receiving emails from President Joe Biden on Wednesday stating that all or part of their “federal student loans will be forgiven” in what is really a transfer of the debt to the American taxpayer.

    Politico reported that on Wednesday, the Biden administration was set to blast out emails to some 153,000 loan borrowers, who will see $1.2 billion transferred out of their collective debts under his Saving on a Valuable Education (SAVE) plan.

    In the letter, the politically vulnerable president takes credit for the “forgiveness” in the first sentence.

    “Congratulations—all or a portion of your federal student loans will be forgiven because you qualify for early loan forgiveness under my Administration’s SAVE Plan,” the email, published by Politico, reads.

    “From day one of my Administration, I vowed to fix student loan programs so higher education can be a ticket to the middle class—not a barrier to opportunity,” the letter states. Biden adds he hopes “this relief gives you a little more breathing room.”

    The document includes the phrase “SHARE WHAT THIS RELIEF MEANS TO YOU,” which links to a studentaid.gov page that is not yet accessible.

    “The borrowers receiving relief are the first to benefit from a SAVE plan policy that provides debt forgiveness to borrowers who have been in repayment after as little as 10 years and took out $12,000 or less in student loans,” the White House stated in a press release. Per Politico, Biden will speak Wednesday about the move at an event in Los Angeles.

    According to Biden’s letter, the Department of Education will inform loan servicers if borrowers are eligible, and after the servicer applies the “forgiveness,” they will announce it to the borrowers.

    The Biden administration previously crafted a $430 billion student debt transfer plan, which was ultimately struck down by the U.S. Supreme Court in June 2023, as Breitbart News Senior Editor Joel Pollack reported at the time:

    The plan was criticized for attempting to evade Congress’s power to control spending and debts, for prioritizing elite college graduates over working-class Americans who chose not to go to college, and for punishing those who paid off their loans or chose fields of study more likely to lead to finding good jobs.

    As NPR notes, the SAVE plan “has become a key vehicle for President Biden” after the high court ruled against his nearly half-a-trillion-dollar debt write-off.

    U.S. Education Secretary Miguel Cardona told NPR that he expects the latest move will be challenged in court when asked if it could survive legal challenge:

    We’re using the regulatory process, which we believe includes public comment and negotiations with folks that don’t agree with us. So we do believe through this process it can continue, but we recognize that no matter what turn we make, we’re going to have folks challenging it. There are some that benefit from the system the way it was and I expect to hear from them. And, if I don’t hear from them, that means I’m not pushing hard enough

    The move comes as Biden trails former President Donald Trump by nearly two percentage points nationally in the RealClearPolling average and as Biden’s approval rating in late January rivaled a historic low, as Breitbart News reported, citing Gallup.

    It also comes as Biden has faced intense scrutiny over his age and mental acuity following the release of Special Counsel Robert Hur’s damning reroot on the president’s classified document investigation, in which Hur described Biden’s memory as “significantly limited.”
    “It is not true that all creeds and cultures are equally assimilable in a First World nation born of England, Christianity, and Western civilization. Race, faith, ethnicity and history leave genetic fingerprints no ‘proposition nation’ can erase." -- Pat Buchanan



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  3. #2
    Pretty obvious overstep of authority. Congress has the authority of the purse, not POTUS. You can't forgive a debt that is not owed to you (executive branch). Not that facts matter in Clown World.

    PS: I should apologize to everyone here because this is actually my fault. I just paid off my student debt last year, so that is obviously what triggered this. Sorry guys...
    Jer. 11:18-20. "The Kingdom of God has come upon you." -- Matthew 12:28

  4. #3
    Well, they have to feed those liberal brainwashing institutions somehow. Government loans were not enough.

  5. #4
    Tax dollars should never have been used for student loan bull$#@! in the first place. Anyone paying fed tax now has been made a complete chump . Theyre just giving your FRNs away to Ukraine to be laundered
    Last edited by oyarde; 02-21-2024 at 07:33 PM.
    Do something Danke

  6. #5
    Do the students know that they will still have to pay those institution loans right?

  7. #6
    Quote Originally Posted by WarriorLiberty View Post
    Do the students know that they will still have to pay those institution loans right?
    That's what the government loaned the students the money for. Those institutions have already been paid.

  8. #7
    Probably all democrats.
    "He's talkin' to his gut like it's a person!!" -me
    "dumpster diving isn't professional." - angelatc
    "You don't need a medical degree to spot obvious bullshit, that's actually a separate skill." -Scott Adams
    "When you are divided, and angry, and controlled, you target those 'different' from you, not those responsible [controllers]" -Q

    "Each of us must choose which course of action we should take: education, conventional political action, or even peaceful civil disobedience to bring about necessary changes. But let it not be said that we did nothing." - Ron Paul

    "Paul said "the wave of the future" is a coalition of anti-authoritarian progressive Democrats and libertarian Republicans in Congress opposed to domestic surveillance, opposed to starting new wars and in favor of ending the so-called War on Drugs."

  9. #8
    Far worse than students being forgiven for debts they mathematically can't pay, is the corruption that got us here. It's not forgivenness. Those banks that lobbied this mess are getting paid off by the tax payer. These same execs got rich getting the government to protect their "investments." The whole thing is a sham.

    Screw forgiveness, let the debtors go through bankruptcy court like every other irresponsible schmuck. The banks that loaned money to 18 year olds with no collateral need to go bankrupt. The schools that pumped out idiots and profitted off these loans need to go out of business. Even worse is that the colleges not only sold worthless degrees, the education so indoctrinated their students that it's lead to our country's collapse. Most of these degrees that sell for hundreds of thousands of dollars not only teach no life skills and set the student for a life time of failure, but rather teach every escuse for why they failed (Critical Theory). IMO those in charge (whether in government, education, or banking) who caused and profitted off of this fraud and catastrophe in our banking, education, and nation, belong in jail.
    Last edited by RJB; 02-21-2024 at 08:18 PM.
    ...



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  11. #9
    STILL not me


    who did i piss off??
    FLIP THOSE FLAGS, THE NATION IS IN DISTRESS!


    why I should worship the state (who apparently is the only party that can possess guns without question).
    The state's only purpose is to kill and control. Why do you worship it? - Sola_Fide

    Baptiste said.
    At which point will Americans realize that creating an unaccountable institution that is able to pass its liability on to tax-payers is immoral and attracts sociopaths?

  12. #10
    Quote Originally Posted by RJB View Post
    Far worse than students being forgiven for debts they mathematically can't pay, is the corruption that got us here. It's not forgivenness. Those banks that lobbied this mess are getting paid off by the tax payer. These same execs got rich getting the government to protect their "investments." The whole thing is a sham.

    Screw forgiveness, let the debtors go through bankruptcy court like every other irresponsible schmuck. The banks that loaned money to 18 year olds with no collateral need to go bankrupt. The schools that pumped out idiots and profitted off these loans need to go out of business. Even worse is that the colleges not only sold worthless degrees, the education so indoctrinated their students that it's lead to our country's collapse. Most of these degrees that sell for hundreds of thousands of dollars not only teach no life skills and set the student for a life time of failure, but rather teach every escuse for why they failed (Critical Theory). IMO those in charge (whether in government, education, or banking) who caused and profitted off of this fraud and catastrophe in our banking, education, and nation, belong in jail.
    These are government loans. I didn't even know that was a thing until this whole debt forgiveness started. Student loans used to be issued by banks, and guaranteed by the feds. One of the lasting legacies of W is that now they're issued directly by the feds, with a middle man just doing the administration.



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