House Republicans are moving forward with a bill that would overhaul student-loan repayment and make it harder for Biden to get relief to borrowers
House Republicans are moving forward with a bill that would overhaul student-loan repayment and make it harder for Biden to get relief to borrowers
Republicans on the House education committee are marking up a bill to cap the borrowing of some student loans while preventing new debt relief.
- House Republicans are reviewing a bill that would overhaul the student-loan system.
- It proposes limits on the education secretary for getting new forms of relief to borrowers.
- Democrats introduced their own package to address student debt, but it's unlikely to advance.
Perfect ammo to use against them during campaigning
Democrats tried a tactic not too long ago that was literally just putting republicans actual positions in their ads , and it was rather effective
My wife was just notified that her 6 figure student loan was forgiven. We're still dazed and not sure it's real, or that it won't be overturned later.
She has been paying it for 20 years, fell for one of those refinancing scams that John Oliver did a segment on, where she was yelling "that's what they told me!!" the whole time. It seems impossible, but after 20 years of minimum payments without fail, $1400/mo at times, she still had well over 100k in student debt (phd).
We figured the refinancing into the wrong loan would disqualify her. We thought if she did get some relief, it would be 10-20k, which isn't nothing, but wouldn't change much.
And now it's wiped clean.
This is what relief feels like. We just signed a one year lease, but we'll be in a much better position to buy at the end of the lease (market permitting).
This is what the Republicans want to take away from the working class, so they can give the mega rich more tax breaks.
I'm so happy for you guys! I hope it sticks ❤️
I hope your life together only gets better from here. Remember how it was for you and that there will always be others who deserve help as well.
Hell yeah. Congrats bro. You two deserve it. Everyone in a similar situation does.
This is what the Republicans want to take away from the working class, so they can give the mega rich more tax breaks.
This can't be repeated enough. You paid heavily for 20 years into a predatory loan, and they think you should continue paying heavily with no end date in sight.
Congrats. That must be extremely relieving. I know my wife's student debt brought her an insane amount of anxiety. We ended up rolling it into our mortgage when we refinanced. She had been paying it for over a decade and it was not paid down at all. She was debating not rolling it into our mortgage on the campaign promise of student loan forgiveness but I had zero trust that a divided congress would pass anything and was certain Republicans would do everything they could to block any unilateral attempt by Biden.
Man, Republicans sure love shooting themselves in the foot and tripling down on the worst types of policy.
I wish this was the case, but they'll just drum up another culture was issue. My dad is like this with our conservative party. He'll complain about parks being rezoned for clear cutting, about insurance rates being uncapped, about electricity prices going up, but when it comes time to vote he votes for the party responsible for all this because "Trudeau is a socialist".
Yeah. It's a literal cult. Its a very bad situation all over the world, the right-wing conservatives of every country are losing their minds right in front of everybody.
I dunno, my conservative neighbors love this type of shit. They're convinced that everyone who has student loans is a freeloader who went to college to study underwater basket weaving.
These grifters do nothing to help anyone but themselves and their donors. The only legislation they put forward is for show with no chance of passing or is designed to hurt a minority of the population.
People need to learn personal responsibility. We are all personally responsible for building the guillotines. And the sooner we start the better.
That's how you Protect the Working Class! Instead of using Tax Dollars to GIVE them money you use Tax Dollars to make their Monthly Bills go UP!
It's not like those Tax Dollars came from the Working Class in the first place!
These Republicans can't get their shit together enough to do the basic absolute minimum to run the gov't, but they'll fall over each other to screw citizens for some reason.
They're called deplorable for a reason
Caps student borrowing. According to the bill's fact sheet, the bill would cap student-loan borrowing at $50,000 for undergraduate students, $100,000 for graduate students, and $150,000 for students in graduate professional programs.
What four-year school can someone attend for $50,000? That was the yearly cost of attendance when I went to college twenty years ago. Granted, I attended an expensive private university, but I assume most schools have caught up in the past two decades.
Will this bill essentially price out low income kids?
State schools are generally around that much for tuition. I think tuition here in Washington is around $10-12k per year for public university.
20 years ago you could go to an in-state public school (without housing and food) for $5k/year in Indiana. Nowadays the same school has a tuition of $16k/year without housing. There are cheaper in-state universities going for around $10k/year, but that's still a minimum of $40k for 4 years without housing or food or car or health insurance or internet or utilities.
Just a reminder: the person driving this effort is Virginia Foxx. You may remember her from HR 1313 which was a bill she pushed for that would allow health insurance companies access to your DNA to change your premiums. Where did she get this wonderfully dystopian plan? The health insurance companies setup a lobby/thinktank specifically to advance this bill and made contributions to her PAC. If it had passed it would have hollowed out GINA by allowing employers to terminate based solely on possible hirer premiums.
The woman is scum
Democrats: Try to help people
Republicans: "Not on my watch!"
Hmmm 38% of Americans went to college. Bold move.
That number's too high! That's why this bill needs to pass. Republicans rely on people being avoiding education.
Conservatives are cheering, though.
All Biden has been doing is running a program established in the 2007 that he didn't run for his first 3 years in office.
Are they just trying to repeal that program?
Honestly, it's kind of nice that the republicans are constantly so hellbent on reminding all of us what heartless bastards they are so that only the stupidest, most utterly hateful, and goldfish memory forgetful of the population could possibly want them in power.
Their voter base never went to college, so they see it as a win.
But muh guns.
They still have failed to even HAVE a federal budget this fiscal year.
I hope all you Biden is no different or both sides losers are watching this.