Do you qualify for the latest round of student loan forgiveness?

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  • Опубліковано 5 чер 2024
  • President Biden is forgiving another $1.2 billion in student loan debt, giving relief to 153,000 borrowers. Danielle Douglas-Gabriel, higher education reporter for the Washington Post, joined CBS News to discuss who qualifies.
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КОМЕНТАРІ • 859

  • @TheAngryBrave
    @TheAngryBrave 3 місяці тому +332

    I dont mind paying back my loan, just get rid of the interest.

    • @yarapah
      @yarapah 3 місяці тому +12

      This.

    • @herbescobar2974
      @herbescobar2974 3 місяці тому +8

      And jail the ITT tech CEO. Oh, I forgot they filed bankruptcy and ran 🏃‍♀️

    • @thevoiceofreason6339
      @thevoiceofreason6339 3 місяці тому +11

      That's what I told my mortgage lender.
      He laughed, the security guards laughed. They all laughed as they carried me out of the bank. Laughter is contagious! I was laughing by the time we got to the door, but it changed into tears as I rolled down those hard concrete steps.

    • @herbescobar2974
      @herbescobar2974 3 місяці тому +2

      @thevoiceofreason6339 I feel your pain bro !!! Whatever you do, don't go on a mass shooting spree!!!

    • @TheAngryBrave
      @TheAngryBrave 3 місяці тому

      @@thevoiceofreason6339 this is a Federal loan though. It should be interest free. They tax me enough already.

  • @cnewtron
    @cnewtron 3 місяці тому +383

    The root problem isn’t debt. They need to fix the problem of the cost of education. Forgiving debt just kicks the can down the road. The university system is broken!

    • @Midwestplayers
      @Midwestplayers 3 місяці тому +5

      🎯

    • @jennymarie2603
      @jennymarie2603 3 місяці тому +15

      Why not both???

    • @MrScahhh
      @MrScahhh 3 місяці тому +4

      Who is they? Students are still choosing to pay the insane costs so universities have no incentive to lower fees. That said, I think people are waking up to the fact that there are better options for setting up your future: trade schools, local (cheaper) colleges, etc.

    • @stnln2180
      @stnln2180 3 місяці тому +6

      Taxpayers are now responsible for this loans.... no wonder the inflation is going through the roof😢

    • @SolSystemDiplomat
      @SolSystemDiplomat 3 місяці тому

      For now, there are free courses you can take that are offered from a lot of colleges. Even Harvard and Stanford offer free online courses. Of course this has nothing to do with alleviating the problem you correctly identify.

  • @carolynharrison6987
    @carolynharrison6987 3 місяці тому +68

    If they stop those predatory interest rates, it would be a huge help. To be making payment for years but balance increases is discouraging.

  • @inspired_333
    @inspired_333 3 місяці тому +238

    Why not just make a law that student loan debt gets taken off our credit reports?

    • @TheLostKoz
      @TheLostKoz 3 місяці тому +6

      The Bosses wouldn't go for that! 😂

    • @donaldvonglitchenberger4108
      @donaldvonglitchenberger4108 3 місяці тому +11

      while your at take my hospital bills
      off the credit report. or that credit card i couldn’t pay for 4 years ago

    • @Scott-fy7fm
      @Scott-fy7fm 3 місяці тому +9

      Because credit card companies have more political sway than students

    • @sandeefithian5701
      @sandeefithian5701 3 місяці тому +7

      Why not just make education free for Americans and charge migrants for housing medical

    • @kylepope6805
      @kylepope6805 3 місяці тому +4

      Because it shouldn’t, you took the risk now deal with the consequences

  • @JudeDude409
    @JudeDude409 3 місяці тому +63

    School tuition just needs to be regulated. It has to cost based on the return on investment of your degree.

    • @peteypete9357
      @peteypete9357 3 місяці тому

      That's never gonna happen since there is very little investment on most degrees they offer

    • @frpgplayer
      @frpgplayer 3 місяці тому

      There would be a lot of unemployed teachers. A lot of subjects taught don't make money.
      The only reason these teachers have jobs is the degree requires those worthless classes to 'round you out'.

    • @Lion_lamb
      @Lion_lamb 3 місяці тому

      Supply and demand. Don’t pay for it! Prices will come down.

  • @furtherthanever11
    @furtherthanever11 3 місяці тому +35

    Education should not be a for-profit industry. It's inherently a conflict of interest.

    • @loris9744
      @loris9744 3 місяці тому

      Other countries give free college but we use our money to start wars overseas

  • @afarouk3712
    @afarouk3712 3 місяці тому +32

    Nobody qualifies to this shady forgiveness. I am waiting to find someone a real human not a robot who qualifies to this forgiveness.

    • @KC-fb8ql
      @KC-fb8ql 3 місяці тому

      Buying votes.

    • @rightsideofleft6130
      @rightsideofleft6130 3 місяці тому

      I have a close friend who got his loans wiped out. He is in his 40’s and qualified under the forgiveness for those who’ve been making payments for 20 years.

    • @mtf62
      @mtf62 3 місяці тому

      I know a lot of people who had student loans, myself included. I don't know one single person who has benefitted from any of Biden's loan forgiveness. It's no wonder students are leaving high school and getting jobs instead of going to college. They may as well start closing some of the colleges now. This is all one big SAD joke.

    • @blacksheepministry
      @blacksheepministry 3 місяці тому

      Real human here. I got it. Been on disability for a couple of decades. I didn't even know this was happening. Then I got an email last week... I honestly thought it was just more spam.

    • @afarouk3712
      @afarouk3712 3 місяці тому +1

      @@blacksheepministry what I want to say is that, not so many people who qualify for this. I didn't get any email lol

  • @learningearning8385
    @learningearning8385 3 місяці тому +117

    I was on the SAVE plan because I’m a low paid call center worker for a retail chain. Business/IT degree but still no job offers over $18 hr. I just checked my email. Its dismissed!! Happy dance…Whoot whoot🕺 💃

    • @user826
      @user826 3 місяці тому +2

      Lol, you want over $18 an hour to get hung up on all day? Your either thinking to small or to big. Dunno what you can do with a "business/IT" degree but your looking for job security without starting your own company look for a factory job or a machine shop and work to sell yourself. Smallish companies are always looking for competent people who will put in the work

    • @Mjplezia
      @Mjplezia 3 місяці тому +9

      $18 an hour isn’t enough for a studio apartment in most areas

    • @CaptPeon
      @CaptPeon 3 місяці тому +6

      Congratulations!! 🎉

    • @lela888
      @lela888 3 місяці тому +1

      Where did you go to school, ITT tech??

    • @diogenestheshadow-banned2322
      @diogenestheshadow-banned2322 3 місяці тому +1

      Bum.

  • @jwilliams2294
    @jwilliams2294 3 місяці тому +28

    Well I owe $29k so I’m just gonna keep postponing payments for life 😂

    • @TakeMeAWeigh
      @TakeMeAWeigh 3 місяці тому +2

      Same.

    • @jyllian3990
      @jyllian3990 3 місяці тому +1

      How? I know that payments recently resumed so wouldn't it start to affect your credit?

    • @ihateeverything9887
      @ihateeverything9887 3 місяці тому

      @@jyllian3990if you make under 30k you can basically get a zero $ bill. So basically you are paying nothing so it doesn’t nail your credit but you still get interest added. However after 10 years the debt goes away.

    • @ISTHIStheKRUSTYKRABx
      @ISTHIStheKRUSTYKRABx 3 місяці тому

      @@jyllian3990deferment for life

    • @Lady-Evonne77
      @Lady-Evonne77 3 місяці тому +1

      Yup😂

  • @Whiskey.Tango.Actual
    @Whiskey.Tango.Actual 3 місяці тому +228

    Thanks Joe. This is 0.075% of total student loan debt. Well done. Why have we sent 300 times more money to Ukraine and Israel?

    • @RachelAmmons
      @RachelAmmons 3 місяці тому

      Ask a republican.
      They didn’t even want to give what little has happened. The current administration had to find a workaround to even get this small piece of debt forgiven.
      It’s a shame and mindblowing that old Joe Biden is the one to have forgiven more student debt than any other president. Maybe if we taxed billionaires just a teeny teeny bit more (maybe at the same rate as all the rest of us) we could get some more meaningful stuff done. Guess who’s never going to raise taxes on billionaires

    • @Paddyjk8
      @Paddyjk8 3 місяці тому +11

      All our money goes to people who aren’t even Americans. I’m looking forward to hearing how Joe is going to forgive loans if re-elected, despite him saying this prior to his first term.

    • @kramnoslaw4474
      @kramnoslaw4474 3 місяці тому

      Would you rather send our soldiers over there to fight this war cause Putin's not gonna stop with Ukraine guess you don't get where those bomb n bullets are being made here. That money will be spent back here in the United States why not give them the money to help them fight this war n win instead of setting American troops on the ground . Besides that money will be spent here in the bomb making states meaning we make that money not these other countries besides they are all sending Ukraine money.

    • @pep590
      @pep590 3 місяці тому +5

      And we are giving out millions more out for new school loans.

    • @jimmydee935
      @jimmydee935 3 місяці тому +1

      Nailed it in 1👏🏻👏🏻👏🏻 wish someone would now make a penny of sense to this but it’ll never happen. Smh

  • @miker4775
    @miker4775 3 місяці тому +84

    Education should be free. This country is in trouble, a lot of stupid folks out there.

    • @FPS-tc9ns
      @FPS-tc9ns 3 місяці тому +5

      You're paying for it through inflation...it's not free

    • @MrChiangching
      @MrChiangching 3 місяці тому +7

      There is no free lunch.

    • @InfantrySoldier
      @InfantrySoldier 3 місяці тому +4

      How would it be free? You want professors to work for free? Free supplies? Free electricity for classrooms? Nothing is free; it’s just transferred to tax payers. What you mean is, someone else should pay for my college education

    • @FPS-tc9ns
      @FPS-tc9ns 3 місяці тому +1

      Perhaps we need competition in college instead of government programs enabling colleges to charge higher prices!

    • @supercarmedia6338
      @supercarmedia6338 3 місяці тому

      If education was free, the cost of living for everyone would skyrocket

  • @videobrownsville
    @videobrownsville 3 місяці тому +7

    So if you worked hard, sacrificed, didn't buy a Lexus, didn't buy expensive clothes, worked a second job , ....what do you get? PRIDE.?....I feel like a sucker😢

    • @pabulumm
      @pabulumm 3 місяці тому +1

      Same, it's killer that I prioritized paying extra towards paying off my student loans because all the money gurus said to eliminate debt before building wealth, when I could've just kicked the can down the road and had them forgiven... Doing the "right" thing doesn't pay, that's what I've learned.

    • @juanortiz3105
      @juanortiz3105 3 місяці тому

      It sucks, but that’s life. Some people work hard and earn it, others just get it. Regardless, you now have experience managing your wealth and earning your way. I think that’s a better take away. Focus on building yourself up. I have loans. I am paying them off and don’t qualify for this, but kudos to those that do. Just keep going and enjoy your hard earned life 🤙

  • @AJMALCOMB
    @AJMALCOMB 3 місяці тому +13

    One of the reasons I volunteered to joined the military was for a free education 😂 you’re telling me I could have just went straight to college and partied for free. Yet here I am waking up at 0530, running miles every morning, deploying and jumping out of airplanes. That’s a slap in the face.

    • @tri2brite313
      @tri2brite313 3 місяці тому

      All the libs game the system and Biden buys votes. But it will backfire on him. For every one vote he buys he made 4 or 5 voters like you mad. Just like all the legal IMMIGRANTS are now flipping red. Get out and vote

  • @nattycasper2022
    @nattycasper2022 3 місяці тому +76

    I've been paying on my loans for 20 years and I've been in public service for nearly 15 of those. I love the cleanup of the existing programs. I actually get credit for all of my years in public service now! Thank you!

    • @cherylatkins9225
      @cherylatkins9225 3 місяці тому +3

      This is exactly what loan forgiveness should be for, not for just anyone that never finished school or studied the arts that is are not working. It should be for people that are serving their community.

    • @gschaaf713
      @gschaaf713 3 місяці тому

      what are you doing cheryl? watching the kids at home?@@cherylatkins9225

    • @Mina-vr1kw
      @Mina-vr1kw 3 місяці тому +2

      Congratulations!!!

    • @AhJodie
      @AhJodie 3 місяці тому +1

      @nattycasper2022 I am so happy for you! It has got to be a wonderful relief! And thank you for your service!

    • @C-c-c34
      @C-c-c34 3 місяці тому +2

      Same! Just this month I finally got them to see my work over 10 years.

  • @JesusChrist2000BC
    @JesusChrist2000BC 3 місяці тому +3

    Who borrowed less than 12K? What a joke of a program. Big Gov could easily wipe it all out but plays these games.

  • @eatonbraynz247
    @eatonbraynz247 3 місяці тому +73

    No freakin one qualifies....

    • @Paddyjk8
      @Paddyjk8 3 місяці тому +22

      Not the majority of us who earned a degree. Meanwhile, the interest is killing us.

    • @BackroadBlue
      @BackroadBlue 3 місяці тому +8

      @@Paddyjk8I’m sorry, but you’re an adult. You took out a loan, you need to pay it. Actions have consequences.

    • @eatonbraynz247
      @eatonbraynz247 3 місяці тому +5

      Got a degree in business mgt....2 minors, psychology & American lit....worked 2 summers for a company, 2 summers working on campus taking classes to lighten load, and was a D.A. for room & board ..You should be able to use your degree to pay off your loan and still live well. It takes a while, but if you start depending on the govt to take care of you, you'll really have a hard life. Take care of your obligations. It's a cold world.

    • @daliafel2020
      @daliafel2020 3 місяці тому +3

      ​​@@Paddyjk8 can anyone go purchase a 60k vehicle and expect to pay $200/month with no interest and be allowed 20 years to pay it off?
      No... give more, like if it was a vehicle from which people take a loan for. Same difference.

    • @Antoinetteelean
      @Antoinetteelean 3 місяці тому +3

      I mean my mom got it 🤷🏽‍♀️

  • @Mzbbxhfbfnsx
    @Mzbbxhfbfnsx 3 місяці тому +78

    They keep moving the goal post while people who do qualify aren’t even getting any debt forgiveness. It feels like we are being repeatedly lied to 😂

    • @user-ec4lv6or8s
      @user-ec4lv6or8s 3 місяці тому +5

      That’s the democrats for you

    • @robertthompson9643
      @robertthompson9643 3 місяці тому +2

      How much money did you donate to Joe's campaign? That is the qualifier.

    • @jdhiner1
      @jdhiner1 3 місяці тому

      Say it ain’t so lol hahahaha

    • @void9837
      @void9837 3 місяці тому +2

      Most of those people were under deferred payment, avoiding payments, not paying their debt already and this action will not boost the economy.

    • @bwines16
      @bwines16 3 місяці тому

      @@user-ec4lv6or8sas opposed to republicans? How’s that wall Mexico is paying for? They all lie.

  • @pep590
    @pep590 3 місяці тому +6

    CBS Correction: Do you qualify for the latest round of student loan bribes?

  • @unburriedtalents599
    @unburriedtalents599 3 місяці тому +21

    What happens if you took out two separate loans under 12k? Could at least one be forgiven?
    Btw, a genuine congrats to those who got their debt forgiven. 🎉 that has to be a relief.

    • @iLLEly0n
      @iLLEly0n 3 місяці тому +2

      Is the total of those two loans under $12k? What do you think? Did you even graduate?

    • @Daiseehead
      @Daiseehead 3 місяці тому +6

      @@iLLEly0nWhat negative energy! So sorry you’re having a bad day.

    • @KB-om9ol
      @KB-om9ol 3 місяці тому +5

      @@iLLEly0nhe asked a genuine question and your response makes no sense to what he asking. You probably didn’t even get a GED

    • @imperialmotoring3789
      @imperialmotoring3789 3 місяці тому

      Congrats to people that failed at adulting?

    • @iLLEly0n
      @iLLEly0n 3 місяці тому

      @@KB-om9ol they are cancelling balances remaining at $12k… not individual loans that were taken out of $12k each… if you borrow more than $12k total and still have a balance of over $12k total, why would you think the two $8k loans you have would both get cancelled if they are over $12k in total? It’s just basic math… and I have a bachelor’s degree but I wasn’t dumb enough to pay for it I got a free ride scholarship. College didn’t do anything for me though in all honesty, I wish I had done other things instead of taking up the scholarships.. the job I ended up doing makes upper six figures and no college required.

  • @chrislee176
    @chrislee176 3 місяці тому +3

    Government doesn’t erase debt, it forcibly transfers it to others.

  • @donaldvonglitchenberger4108
    @donaldvonglitchenberger4108 3 місяці тому +4

    1.2 billion divided 153,000 is 8800. So it’s not wiping debts entirely clean? how does this work

  • @MrAlwest77
    @MrAlwest77 3 місяці тому +13

    I graduated over ten years ago. My initial loan amount was $60k in 2013. I’ve paid for 7 1/2 years straight, and now after the student loan pause, my loan amount is now $61k. It’s like I’m just starting out to pay. What happened to the 7 1/2 years of payments? And why focus on the loans that are of a smaller amount than the higher ones. It must be a numbers game. I’m 64 and recently retired. I’ll probably be dead before my loan is paid off.

    • @thegentlelivingchannel
      @thegentlelivingchannel 3 місяці тому +2

      My mum borrowed $30k in 1983, when I was 13. The interest on her loan is $60k. She's in her mid 70s, long since retired and not done yet paying back $90k.
      Meanwhile I did a one year vocational cert program in 2006 and owed $3700, and that's all wiped clean now.
      Make any sense??

    • @FHi349
      @FHi349 3 місяці тому +1

      Unfortunately, interest captures lion's share and this is by design. Everyone must learn how to beat this trap. Student loan payment doesn't work like other loans. Years go by and not a dime is applied on principal because of this slick design

    • @add-itadit2728
      @add-itadit2728 3 місяці тому

      Joe Biden doesn't care about you.

    • @FaithinChristJesus777
      @FaithinChristJesus777 3 місяці тому +1

      It’s not a numbers game; it’s really just a ploy to make him look good. I can hear it now, “Biden canceled student loan debt for 500,000 Americans during his term”. But in a nutshell, it’s really just peanuts for the average American. Most Americans owe tens of thousands of dollars and to make it worse, the balance continues to grow even when payments are made. $12,000 is not going to do much of anything for anyone, especially if the interest continues to compound on the balance.

    • @tri2brite313
      @tri2brite313 3 місяці тому

      Simple math folks. Why did you go to collage and retire in ten years? Very PRODUCTIVE human. Poor decisions at the minimum

  • @tuanvo1538
    @tuanvo1538 3 місяці тому +11

    He doesn’t care for struggling tax payers! He just needs more voters who are not cared either !

    • @sarahmartin7181
      @sarahmartin7181 3 місяці тому

      So apparently those of us who are paying off students loan for 20+ years aren't struggling. Got it!

  • @Scott-fy7fm
    @Scott-fy7fm 3 місяці тому +8

    Between 1978 and 2018 college enrollment went up 78%, faculty went up 92% (basically actual professors and teachers). But the number of administrators went up 164% and the number of other professionals employed grew by 452%. Colleges have literally become a jobs program of unnecessary positions not directly related to educating students, all being paid by those students. In 2025 many colleges are starting to hit an employment cliff when these ratios compared to students become unsustainable, which will force many to close entirely or drastically reorganize and shrink.
    Student loans used to be affordable before government got so heavily involved. My parents both put themselves through college while working, including all living expenses. As soon as colleges realized govntbess granting loans easily they obviously just kept raising prices, adding more administrative positions and non major related credit requirements in order to justify the added costs of tuition.

    • @annettezaleski
      @annettezaleski 3 місяці тому

      No, it's when Govt got out and left it unregulated, that's when the greedy Oligarch's ran the prices way up!! Dude, Govt is there to HELPS US! It's the middle man and big Corp CEO's that are grifting off off our Government and "We, the People"!! Let our Government work for we, the people! There's no way to sustain a living by the means the Oligarchs want to pay us! (Big $$ Corporations). They don't care about any of us workers, to them we're just easily replaceable objects that keep their stock markets going! They aren't even putting their money they make back into the American eco system, no! They hoard it away and buy backs should be illegal again and many other things need to change back to b4 we had a SCOTUS that's been bribed off and politicized too!!

  • @kend4412
    @kend4412 3 місяці тому +24

    This isn’t even a bandaid

  • @luiszepeda9622
    @luiszepeda9622 3 місяці тому +8

    Didn't the SCOTUS say this unconstitutional? How is the president allowed to do this?

    • @ClassicFIHD
      @ClassicFIHD 3 місяці тому

      Chucky Schumer: "that pesky constitution".

  • @azaz3580
    @azaz3580 3 місяці тому +2

    Imagine not being smart enough to read a contract but thinking you're smart enough for college....

  • @sunshine0282
    @sunshine0282 3 місяці тому +2

    I'll take it if I'm eligible for it. But, right around the elections ? Come on, JB!!!😂

  • @ClassicFIHD
    @ClassicFIHD 3 місяці тому +1

    One lady working at SCU got her $263,500 loan debt erased.

  • @teresamorris9278
    @teresamorris9278 3 місяці тому +5

    My monthly payment is over $900 a month and I'm unemployed, have been for a few years. When I was employed, I tried to get a manageable payment plan, yet it was still over 70% of my living wage! If I die, my life insurance wouldn't be a drop to pay if off. My anxiety ratchets up with every monthly statement.

    • @teresamorris9278
      @teresamorris9278 3 місяці тому +1

      I am on an IDR plan, have been for a while. Just watching the interest for the last 18 years...I wouldn't have gone to college had I truly understood the ramifications. It was completely wasted because I never finished due to mental health, never mind that this vaulted must have education did nothing but drive me into a debt I'd like to pay but have no hope of at minimum wage, which is all I ever managed to work when I could. To be clear, I do not, nor have ever expected anyone to pay my debt. Thank you, GothamsFinest for your reply :)

    • @pabulumm
      @pabulumm 3 місяці тому

      But which IDR plan? With the new SAVE repayment plan, as long as you make your monthly payment, no interest accrues. Due to my extremely low income, my payment has been $0/month with no interest accruing for months now, it's legit. I feel you, I wouldn't have gone to college either if I'd understood what I was signing myself up for. I took responsibility for it and paid off like 90% of it but the mess with the PPP loans and debt forgiveness have soured me on continuing to pay... @@teresamorris9278

    • @tri2brite313
      @tri2brite313 3 місяці тому

      Why are you unemployed? According to JOE there are jobs everywhere... wake up libs, you are trying to destroy America. Where will you go next? China??? Wake up

  • @BostonRoger
    @BostonRoger 3 місяці тому +2

    1.2B for students.
    76B for Ukraine.
    Cool man

  • @inspired_333
    @inspired_333 3 місяці тому +4

    So, there are better ways to help people pay off student loan debt besides straight up paying it for us. Having it on our credit reports is unnecessary, and it only increases the cost of education because nobody can overcome the penalty of over $100,000 in debt. You can’t even rent a home with a bad credit report, as well as buy a car, etc.
    Student loan debt should be paid off, but it should not be a barrier to getting transportation and housing after school, especially in rural areas with no public transportation and few job prospects. Having student loans off our credit reports doesn’t mean we don’t want to pay, it just is another way to help students after school so they can actually be successful and pay off that debt.
    There is no real reason to have educational and medical debt on credit reports.

  • @dylansmom9571
    @dylansmom9571 3 місяці тому +1

    The Dept of Ed needs to figure out how they can process these 24/25 FAFSA. Schools cannot award financial aid for incoming students until they figure this out.

  • @Maymosworld
    @Maymosworld 3 місяці тому +5

    What’s the email we should look out for?

  • @carlzobel513
    @carlzobel513 3 місяці тому +4

    It's not really forgiven! Someone has to pay for it! So Americans are paying for it!!!!! And it sounds like its selective for who is getting student loan forgiveness!

    • @LogicPhalanx
      @LogicPhalanx 3 місяці тому

      Yup, people like me. We owe hundreds of thousands in student debt and pay hundreds of thousands in taxes per year.

    • @markrauner1271
      @markrauner1271 3 місяці тому

      No one is paying for anything including the billionairs

  • @PhatandChunky
    @PhatandChunky 3 місяці тому +4

    Great for the small amount of borrowers that qualify. What about people who payed 12 plus grand.

    • @simondewitt7161
      @simondewitt7161 3 місяці тому +1

      Should have voted for Bernie

    • @PhatandChunky
      @PhatandChunky 3 місяці тому

      @@simondewitt7161 some people say he would had changed things around. Not sure ha ha, politicians will be politicians. I’m neither of the borrowers just observing

  • @flowerlullaby
    @flowerlullaby 3 місяці тому +1

    I paid my loan off years ago but this would be great to help people who can't. Interest rates are too high.

  • @Ricocase
    @Ricocase 3 місяці тому +2

    Shh. He's not paying. You are. See inflation.

  • @socommaster
    @socommaster 3 місяці тому +1

    They need to get rid of loan interest not paying off loans

  • @crptnite
    @crptnite 3 місяці тому +1

    Sounds like they're being super selective about who they help and it sounds like they're not actually helping the ones who need it the most.
    How sad.

  • @Space_Cadet13
    @Space_Cadet13 3 місяці тому +2

    Enrolled in repayment plan for ten years is a requirement. That is crazy.

  • @jasminetiro1120
    @jasminetiro1120 3 місяці тому +3

    You can pay for WAR we dont know anything about but you can't pay OUR debit?? I will vote base of the results.

  • @joshuatoro8977
    @joshuatoro8977 3 місяці тому +2

    and where's my email saying they're going to give me back the money I already paid off for all my students lone

  • @Wythaneye
    @Wythaneye 3 місяці тому +2

    Meanwhile the student loan companies are allowed to keep operating and issuing as many loans as they want to. If you want to fix the student loan crisis, you have to first STOP ISSUING THE LOANS.

    • @annettezaleski
      @annettezaleski 3 місяці тому

      Maybe regulate the colleges prices and drop interests would be extremely helpful...heck why not add 2 more years of free school that veers towards teaching white and blue collar job skills, like many other countries do along with free healthcare...Lord knows we already pay for it, let our tax money work for us!!

  • @Betty-rh4te
    @Betty-rh4te 3 місяці тому +1

    Instead of forgiving student loan dept, the government should give billions to foreign countries Instead.

  • @Opinionsarevalid
    @Opinionsarevalid 3 місяці тому +2

    I keep getting emails I am approved but no coarse of actions have been taken, who can I talk to and get this resolved asap????

    • @AhJodie
      @AhJodie 3 місяці тому +2

      Listen to the video again, she explains it!

  • @loganstrait7503
    @loganstrait7503 3 місяці тому +1

    Enrolled in the plan in order to qualify? Why would I have Enrolled previously if I wasn't qualified then? And what's the qualification? That don't make no sense.

  • @brit204
    @brit204 3 місяці тому +16

    Got mine forgiven today !

  • @robertmadrigal6783
    @robertmadrigal6783 3 місяці тому +7

    I borrowed $32k 25 years ago. Was on the Income payment plan. My loan raised to 99k, and after the 10 year payment plan at $90.00 a month, my loan was wiped. Wasn't Biden, started under Obama and has continued. The goal posts for the one who commented have been moved in. Obama at 15 years, Trump to 20 and Biden to 10

  • @Wjill2
    @Wjill2 3 місяці тому +1

    The government should having and incentivized program instead of outright forgiveness. They should give people with student loans credit towards their taxes on their job. That credit would be used to directly pay their student loans until they were completely paid off🥳

  • @NapkinsMcGee
    @NapkinsMcGee 3 місяці тому +4

    So, I get to pay for other people's college education, and my own? Because I don't qualify. That's wonderful.

  • @elizabethadams6023
    @elizabethadams6023 3 місяці тому

    I am 71 years old and have just overcome cancer. Now my RA has really raised its head. I don’t think I can work. Please I need Loan forgiveness.

  • @PlayingTheLottoEveryDay
    @PlayingTheLottoEveryDay 3 місяці тому +1

    I don’t quality, nor would I want to. I have 30k and paying it back like everyone should have to.

  • @keanureeves9941
    @keanureeves9941 3 місяці тому +2

    Passing people’s bad financial decisions onto the US tax payers

  • @veronicastollar433
    @veronicastollar433 3 місяці тому +7

    How do I know it's a legit email and not spam? I get a lot of stuff already about my student loans.

    • @how686
      @how686 3 місяці тому

      Go to mystudentaid.gov and apply for an idr. The save should be an option if you qualify

    • @how686
      @how686 3 місяці тому

      Go to studentaid.gov and apply for an IDR. The save plan should be an option if you qualify

    • @robertthompson9643
      @robertthompson9643 3 місяці тому +1

      Contact your Congressman's office or your state attorney general's office. Also look at the full address bar of the sender to confirm it is a .gov email address

    • @Midwestplayers
      @Midwestplayers 3 місяці тому

      Check the email address it’s from. It will be from a .gov address.( .gov) are Office government emails and can’t be faked

  • @designerfluff8405
    @designerfluff8405 3 місяці тому +1

    I just got my first student loan… would I qualify ? Or do I already need to be out of school and repaying ?

  • @ameencali2928
    @ameencali2928 3 місяці тому +3

    Biden announcing student forgiveness and setting eligibility at 32k income from Culver City, CA one of the most expensive city to live in.

  • @shiftmotorsports9803
    @shiftmotorsports9803 3 місяці тому +1

    They're "forgiving" debts for people who aren't paying back their loans anyway

  • @davidholt7794
    @davidholt7794 3 місяці тому

    against the law the Supreme Court said he wasn't allowed to pay off their debt

  • @zoyabennettraggamufinmusic2725
    @zoyabennettraggamufinmusic2725 3 місяці тому +1

    What about the debts that’s in collections

  • @YouEverSeeAFrogKid
    @YouEverSeeAFrogKid 3 місяці тому +1

    Still waiting on mine..

  • @SteverRob
    @SteverRob 3 місяці тому +1

    Great news if you’re a borrower, and a terrible message to the working class who will pay for it

  • @spiritualliberal
    @spiritualliberal 3 місяці тому +1

    Not a financial advisor but I was able to pay off my debt from selling my previous house. Not a solution for everyone, but letting folks know there's other options if you don't qualify, as I figure most Americans won't.

  • @Makeitgreat1
    @Makeitgreat1 3 місяці тому +1

    Good step in the right direction. The pandemic has really messed up a lot of lives and careers.

  • @golfncrypto1542
    @golfncrypto1542 3 місяці тому

    Nobody does! The Supreme Court already ruled that this is illegal

  • @EMC1986Hobi
    @EMC1986Hobi 3 місяці тому +1

    My sister has been paying for over 10 years!

  • @bortiz11
    @bortiz11 3 місяці тому

    Some think this has been a scam. A lot of my loans were dismissed based on my recent disability. I was excited to see that letter!

  • @beemergrl3017
    @beemergrl3017 2 місяці тому

    Sending receipts to the WH for the loans I had to help my kids pay off! I suggest everyone do that.

  • @zackdreamcast
    @zackdreamcast 3 місяці тому +4

    Am I getting payment back for the loan that I agreed to take and already paid. Ridiculous

  • @DonesdeMotivacion
    @DonesdeMotivacion 3 місяці тому

    Debt older than 10 years old, so mine is 8 which means I have time pay…
    How is this right? Cancel all or cancel none

  • @Tubemint455
    @Tubemint455 3 місяці тому +1

    Debit forgiveness, to those who haven’t gone or couldn’t afford to go to college thanks for paying. To those who have paid their loan off like me, I’m so joyful of paying for someone’s loan. So much joy!!!

  • @skidrowbigguy
    @skidrowbigguy 3 місяці тому +1

    Now we all get to pay for it

  • @mobius4897
    @mobius4897 3 місяці тому +2

    I got my last 3k forgiven and didn't even ask for it. The email definitely reads as a campaign speech but I'm not gonna look a prized horse in the mouth. Thanks sleepy Joe. I'm still voting 3rd party as I always do ❤

  • @rpdrpd4153
    @rpdrpd4153 3 місяці тому +2

    What a joke. Vote buying. These unlimited presidential “decrees” need to end. This is not fair

    • @simondewitt7161
      @simondewitt7161 3 місяці тому +1

      Yes. Why buy votes with actions when you can sell shoes or perfume?

    • @commanderunboxd6679
      @commanderunboxd6679 3 місяці тому

      @@simondewitt7161i think you spelled “why buy votes with taxpayer money” wrong

    • @simondewitt7161
      @simondewitt7161 3 місяці тому

      @@commanderunboxd6679 I think you bought some stupid shoes and perfume. (And maybe a Trump NFT)

  • @Dr._Mambo
    @Dr._Mambo 3 місяці тому

    Sweet. I have a mortgage, will that for forgiveness announcement be coming next week?

  • @Hello.2u
    @Hello.2u 3 місяці тому +1

    The interest rate is crazy.

  • @sdm101869
    @sdm101869 3 місяці тому

    How about we stop throwing money at these instititions while alllowing them to keep charging more and more each year

  • @user-fx7bo1fh5o
    @user-fx7bo1fh5o 3 місяці тому

    How do you get account information from ACS Loan Service that is out of business, shut down by Federal Government? Loans transferred to Navient, they say that they don’t have any information on your payments to ACS.😢

  • @diogenestheshadow-banned2322
    @diogenestheshadow-banned2322 3 місяці тому +6

    Paid off school by myself, like I signed up for. Thanks though.

    • @BackroadBlue
      @BackroadBlue 3 місяці тому +2

      Thank you for being an adult. You’re better off because of your hard work.💪🏼

  • @SherryBittermann-hf1ok
    @SherryBittermann-hf1ok 3 місяці тому +10

    Single parent, paid for 3 college students' degrees. Paid 33% taxes annually, had to work 33% harder, longer, to pay for the theft of 33% taxes annually. Now will have to pay additionally to pay for these loans which he has NOT FORGIVEN, BUT SHIFTED TO US 🇺🇸 TAXPAYERS! FJB

    • @pdizbon
      @pdizbon 3 місяці тому

      Putin loves you girls

    • @josephwilliams8001
      @josephwilliams8001 3 місяці тому +2

      But u had no problem paying for all the Congressional leaders' Student Loans tho...So it's ok for politicans to have their loans forgiven but not regular Americans?

    • @SlightyLessEvolved
      @SlightyLessEvolved 3 місяці тому +1

      Wouldn't you need to have almost a million dollars a year in income to pay an effective federal tax rate of 33%?

    • @ZzXZ636
      @ZzXZ636 3 місяці тому

      @@SlightyLessEvolved Not at all . Under 100,00 and that’s your rate .

    • @ZzXZ636
      @ZzXZ636 3 місяці тому +1

      You are to be commended for what you did for your kids .

  • @billtharp3374
    @billtharp3374 3 місяці тому +4

    A smarter and more informed worker and citizen is a better voter helping make a better economy.

    • @Adrian-gn5bw
      @Adrian-gn5bw 3 місяці тому

      So college is a terrible choice because nobody is learning any of that

    • @CC-USA
      @CC-USA 3 місяці тому

      Well, isn't that special?

    • @void9837
      @void9837 3 місяці тому

      Most of those people were under deferred payment, avoiding payments, not paying their debt already and this action will not boost the economy.

  • @thewestisthebest6608
    @thewestisthebest6608 3 місяці тому

    I work 40 hours a week. Why are these college students entitled to a single cent of my earnings?

  • @charlesritter6640
    @charlesritter6640 3 місяці тому +1

    " is the hair smeller going to try and BRIBE YOU next to vote for him? "
    Theres the REAL title for you.

  • @matttk421
    @matttk421 Місяць тому

    I paid 9% on my loans for 25 years. Where’s my refund!!??

  • @durock0011
    @durock0011 3 місяці тому

    I’m just curious who pays the debt then?

  • @susanhiggs6873
    @susanhiggs6873 3 місяці тому

    From looking over my son's 6 student loans ( 2 semesters x 3 years). Loan totals vary depending on what page I am on. There is no way to verify the math. There are no humans to ask questions to.

  • @martinhigano952
    @martinhigano952 2 місяці тому

    Why should others have to pay for someone else's debt. How does this teach financial responsibility.

  • @Robynbyrd100
    @Robynbyrd100 3 місяці тому +6

    Things like this, I kind of regret getting a B.A. degree. Being underemployed, and gonna be taxed because of this. What a joke!

    • @zzzz-sf5lr
      @zzzz-sf5lr 3 місяці тому +2

      For some reason I knew college was a waste of time and I was right 😅

  • @BFD64
    @BFD64 3 місяці тому +1

    The way this is being done makes no sense. What if the email is different than 20 years ago, what if someone was on another payment plan type that they had to stop paying years ago due to having no money for a while. I mean how do people who truly need this make it happen or is it just a weird scheme at the end of the day. I don't trust this and they are way to vague about way too many things here

  • @aquiajamison6059
    @aquiajamison6059 2 місяці тому

    So you have to qualify under those on the list.. what about everybody else who need debt relief also? This is horrible.

  • @diceflawless9115
    @diceflawless9115 3 місяці тому

    Under $12k? Nobody qualifies unless you went to a community college

  • @samy2441
    @samy2441 3 місяці тому +1

    So people who took out a loan for 2 classes total. 😅

  • @charlesloomis2224
    @charlesloomis2224 3 місяці тому

    “Loan forgiveness” means “the debt is passed onto someone else.” Someone has to pay.

  • @MEEDAK369
    @MEEDAK369 3 місяці тому

    I was very uneducated on loans and went to an institution/trade school! Never got airframe and powerplant license. I come from poverty and a family that struggled so I just was not thinking logically! Student loan forgiveness to me, means that I can really focus on my passion

    • @tri2brite313
      @tri2brite313 3 місяці тому

      Not other peoples problem. Many of us of all colors started with nothing and worked our way up. You want us to pay for you comrade. Not good, right or fair. Sorry you are this way

  • @Lehua888
    @Lehua888 3 місяці тому

    Is it too late to enrolled in the presidents program?

  • @ericolsen4935
    @ericolsen4935 3 місяці тому

    This is wrong on so many levels. I have to repay and so should everyone else!!@

  • @user-yw5cb4zq9t
    @user-yw5cb4zq9t 3 місяці тому

    I’m happy to pay some loans but this money doesn’t exist, we are just printing money and causing inflation. If we must pay, pay for those in the most demanding fields, healthcare and skilled trades.

  • @audiophizile13
    @audiophizile13 3 місяці тому

    America seems to be literally discouraging graduate and post grad degrees with current costs of universities. Will lower enrollment force prices to come down (because realistically most degrees/jobs you can get seem to be not worth the cost which should discourage people from going at all) or can we do something to help the insane cost to begin with?

  • @catpax6075
    @catpax6075 3 місяці тому +14

    Student loan debt needs to be eliminated and made illegal tbh

    • @user-of9jx3dc1r
      @user-of9jx3dc1r 3 місяці тому +3

      Don't get worthless degrees that cost 6 figures. Learn a trade no debt and a skill set that is transferable almost anywhere is way more valuable then a piece of paper.

    • @superameric8
      @superameric8 3 місяці тому +2

      Like lesbian dance theory?

    • @billtharp3374
      @billtharp3374 3 місяці тому

      @@user-of9jx3dc1rThe educated are not your enemy. You are being politically maneuvered and used by the rich for cheaper labor they will replace as soon as they can. Watch as it continues to happen over the next 20 years.

    • @daliafel2020
      @daliafel2020 3 місяці тому +1

      AND the same if I get a loan for a $75k car to go to said school. 🙃 yeah, right?!! Not !!

    • @catpax6075
      @catpax6075 3 місяці тому +1

      @@daliafel2020 literally… not the same lmao 🤡 I’m scared for people like you, comparing schooling to purchasing a car 🤦‍♀️ they are NOT the same AT ALL.

  • @HunterDriguez
    @HunterDriguez 3 місяці тому

    Ugh. There’s a 12k limit? Of course. Happy for those who owed only pocket change, I guess.