Yeah, you want to litigate the entire FSLP and talk about the whole picture on how it’s affected education and the economy over the last three decades? I’m not sure I have time to write several doctoral theses and a nonfiction book today, however maybe we can start with the fact that student loans can be discharged in bankruptcy. Yes, the courts use a more stringent standard than Chapter 7 and it leaves a lot of discretion to individual judges, but it is not outlawed outright.
//edit: Poster attempted to ‘correct’ their misinformation with more misinformation.
Who set up the current college loan system and set it so that none ofits nearly but not impossible that debt could be forgiven even after bankruptcy?
The vast majority of borrowers seeking discharge continue to benefit from the guidance. In cases decided by the courts from November 2022 through March, 98% have provided debt relief through full or partial discharge. And the overall number of court judgments providing full or partial discharge have continued to increase, with the number of such judgments over the last six months exceeding the number of judgments for the preceding 12 months.
It add nuance to the conversation that Democrats have done nothing wrong and only been pushing to fix what other older people and Republicans have done.
Avoiding the reality of Biden specifically creating that policy and supporting it for decades leaves opening for people absolutely to get upset and call shenanigans.
The reality of the matter is that people have very little recourse for handling college debt unless they are literally starving to death and that has been a supported position for pretty much all members of the electorate except for the fringes for decades now.
You call someone else out on making incorrect statements while making them yourself and it becomes apparent it’s just ideology at the base not reality.
Edit: and for federal loans not private and up until Biden re-enabled the public forgiveness program was considered a near impossible task to get a judge to agree to. Steps in the right direction but more akin to finally committing to the promises already made and failed for decades. It’s gonna sour opinion.
It add nuance to the conversation that Democrats have done nothing wrong and only been pushing to fix what other older people and Republicans have done.
I didn’t say this. Democrats do things wrong, like all the time. Maybe the misunderstanding is my fault for omitting the article ‘a’ before ‘mess’ by mistake near the end of my original post. Mea Culpa.
But in regards to the subject of this thread, that absolutely is what is happening. The Biden administration is cleaning up a mess Republicans went out of their way to create with their deliberate mishandling of the PSLF program. Blaming Biden because he can’t wave away the consequences of Republicans malfeasance is exactly what the person I was replying to did.
so that none of that debt could be forgiven even after bankruptcy?
The reality of the matter is that people have very little recourse for handling college debt unless they are literally starving to death
movinggoalposts.gif
I didn’t say it was easy, I said it wasn’t literally outlawed. Which it is not. There may even be good reasons to make it more difficult for young adults just out of school, without any assets and low financial stakes, to discharge the large amounts of unsecured debt we’re helping them take on. They were right to be concerned about it. So they drew a line. It ended up being in the wrong place and it needs to be redrawn. Happens to the best of us.
You call someone else out on making incorrect statements while making them yourself and it becomes apparent it’s just ideology at the base not reality.
That’s rich coming from a person who opened by lying about the impossibility of discharging student loan debt.
And here you sit, just another asshole blaming Biden and Democrats for mess their predecessors went out of their way to create, because they didn’t clean it up instantly and perfectly.
Its not their predecessors if its the same person.
And it was that all private student loans were stripped of their bankruptcy protections. Federal loans All loans were given an out but its very difficult. But the amount of private loans exploded and those couldn’t be cleared at all. That’s it. The final truth.
You thinking that it’s right is indication of exactly what side you already agree with.
And it was that all private student loans were stripped of their bankruptcy protections. Federal loans were given an out but its very difficult. But the amount of private loans exploded and those couldn’t be cleared at all. That’s it. The final truth.
For too long, a myth has persisted that student loans are not dischargeable in bankruptcy. The myth is not true because, in fact, student loans can be discharged bankruptcy. We have seen the Department of Education take important steps to ensure that bankruptcy relief is available to federal student loan borrowers. It is vital that private student loan borrowers also receive the relief the Bankruptcy Code provides —and that loan owners, lenders, servicers, and debt collectors honor that relief when a bankruptcy judge discharges a consumer’s debts.
Straight from the fucking CFPB. Stop repeating lies that harm people by making them believe they don’t have options that they do.
Its not their predecessors if its the same person.
The Biden administration was not running the Department of Education from 2017-2020.
I don’t know why you’re having such a hard time with this. I’m not talking about everything the democrats and Joe Biden ever tried to do in relation to students loans. I’m not talking about every mess ever made. I’m talking about their handling of the PSLF program. You know, the thing the thread is about.
You thinking that it’s right is indication of exactly what side you already agree with.
Saying I said it was right, when I explicitly said it was wrong. Well done.
So they drew a line. It ended up being in the wrong place and it needs to be redrawn.
I’d say it’s completely related since it was a form of debt release that was alternative and longer existing as a form that was removed. It left no outlets for freeing oneself of specific debt and only that one.
So if, I take away your food but promise to give you ingredients to make your own but then don’t do that. I’d be blamed for starving you.
And actually not being worked on since the Democratic party did not regret adding in that forced debt. They like the revenue it brings in for their private donors.
They changed it for federal loans only and it’s still considered nearly impossible to get the filing submitted that the debt is literally ruining their lives.
Hey just quick question…
Who set up the current college loan system and set it so that
none ofits nearly but not impossible that debt could be forgiven even after bankruptcy?That was decades ago so it must have been some predecessor right? Not someone still sitting in a position of power right?
Yeah, you want to litigate the entire FSLP and talk about the whole picture on how it’s affected education and the economy over the last three decades? I’m not sure I have time to write several doctoral theses and a nonfiction book today, however maybe we can start with the fact that student loans can be discharged in bankruptcy. Yes, the courts use a more stringent standard than Chapter 7 and it leaves a lot of discretion to individual judges, but it is not outlawed outright.
//edit: Poster attempted to ‘correct’ their misinformation with more misinformation.
https://www.justice.gov/opa/pr/justice-department-and-department-education-announce-continuing-success-student-loan
It add nuance to the conversation that Democrats have done nothing wrong and only been pushing to fix what other older people and Republicans have done.
Avoiding the reality of Biden specifically creating that policy and supporting it for decades leaves opening for people absolutely to get upset and call shenanigans.
The reality of the matter is that people have very little recourse for handling college debt unless they are literally starving to death and that has been a supported position for pretty much all members of the electorate except for the fringes for decades now.
You call someone else out on making incorrect statements while making them yourself and it becomes apparent it’s just ideology at the base not reality.
Edit: and for federal loans not private andup until Biden re-enabled the public forgiveness program was considered a near impossible task to get a judge to agree to. Steps in the right direction but more akin to finally committing to the promises already made and failed for decades. It’s gonna sour opinion.I didn’t say this. Democrats do things wrong, like all the time. Maybe the misunderstanding is my fault for omitting the article ‘a’ before ‘mess’ by mistake near the end of my original post. Mea Culpa.
But in regards to the subject of this thread, that absolutely is what is happening. The Biden administration is cleaning up a mess Republicans went out of their way to create with their deliberate mishandling of the PSLF program. Blaming Biden because he can’t wave away the consequences of Republicans malfeasance is exactly what the person I was replying to did.
movinggoalposts.gif
I didn’t say it was easy, I said it wasn’t literally outlawed. Which it is not. There may even be good reasons to make it more difficult for young adults just out of school, without any assets and low financial stakes, to discharge the large amounts of unsecured debt we’re helping them take on. They were right to be concerned about it. So they drew a line. It ended up being in the wrong place and it needs to be redrawn. Happens to the best of us.
That’s rich coming from a person who opened by lying about the impossibility of discharging student loan debt.
Its not their predecessors if its the same person.
And it was that all private student loans were stripped of their bankruptcy protections. Federal loansAll loans were given an out but its very difficult. But the amount of private loans exploded and those couldn’t be cleared at all.That’s it. The final truth.You thinking that it’s right is indication of exactly what side you already agree with.
https://www.consumerfinance.gov/about-us/blog/busting-myths-about-bankruptcy-and-private-student-loans/
Straight from the fucking CFPB. Stop repeating lies that harm people by making them believe they don’t have options that they do.
The Biden administration was not running the Department of Education from 2017-2020.
I don’t know why you’re having such a hard time with this. I’m not talking about everything the democrats and Joe Biden ever tried to do in relation to students loans. I’m not talking about every mess ever made. I’m talking about their handling of the PSLF program. You know, the thing the thread is about.
Saying I said it was right, when I explicitly said it was wrong. Well done.
… Isn’t that entirely a different issue with just a similar end result that’s also being worked on by progressive Democrats, krauerking at lemy.lol
I’d say it’s completely related since it was a form of debt release that was alternative and longer existing as a form that was removed. It left no outlets for freeing oneself of specific debt and only that one.
So if, I take away your food but promise to give you ingredients to make your own but then don’t do that. I’d be blamed for starving you.
And actually not being worked on since the Democratic party did not regret adding in that forced debt. They like the revenue it brings in for their private donors.
They changed it for federal loans only and it’s still considered nearly impossible to get the filing submitted that the debt is literally ruining their lives.