Discussion:
Screwed by Biden, 'It's a little scary': Millions of people behind on student loans must start paying or face a debt collector
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H Karlsen
2025-04-23 19:54:38 UTC
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PORTLAND, Oregon — Millions of people who've fallen behind on student
loan payments must now start repaying them or face a debt collector.
Monday's announcement from the Department of Education ends a
pandemic-era policy that let loan defaults slide.

Involuntary collection begins May 5. For some students, it will be the
first time they've ever had to confront the obligation of repaying their
debt.

"It's a little scary," said Portland State University student Ella
Dansky. "With the tariffs that are happening right now, things are not
cheap, and we can't afford to pay for anything, especially the loans."

The Trump administration suggested that after five years, borrowers have
had enough time to start paying off their loans. Still, the new
financial reality is hitting several students like a ton of textbooks.

"I am in the back of my head thinking, 'What am I going to do with this
new debt when I'm out of here?'" said PSU grad student Steve Palmer.
"That's how (Trump's) transactional White House is kind of operating
right now."

Starting May 5, the Education Department will start collecting on
student loans in default, to include garnishing wages. Officials said
right now, around 5.3 million federal student loans are in default.

"American taxpayers will no longer be forced to serve as collateral for
irresponsible student loan policies," said Education Secretary, Linda
McMahon. "Student loans must always be paid back because they are unlike
other types of consumer loans. If a borrower stops paying a mortgage or
a car payment, he will go into foreclosure or find his car repossessed.
Student loans have no collateral. It is impossible to repossess a
college degree."

For several years, U.S. Representative Suzanne Bonamici has been hosting
student loan forgiveness webinars, hoping to help students struggling
financially. She said her experience paints a different picture of
students navigating college debt.

"Most people are trying to pay back their student loans," said Bonamici.
"It's not like, 'Oh, I'm just going to go to college and get a free
ride.' That's not what's happening, and this administration doesn't
understand that because as I said, they're out of touch."

Bonamici invited Oregonians to reach out to her office for help dealing
with student loans in default. She also suggested the Office of the
Ombudsman at the state's Department of Consumer and Business Services is
a good resource.

The Education Department urged borrowers in default to do one of three
things:

Contact the Default Resolution Group to make a monthly payment.
Enroll in an Income Driven Repayment Plan.
Sign up for Loan Rehabilitation.

https://www.kgw.com/article/news/education/millions-people-behind-student
-loans-must-start-paying/283-97da664c-1a5b-4bf1-99b7-80bd9fba1313?ref=exi
t-recirc
Yak
2025-04-23 20:05:51 UTC
Reply
Permalink
Post by H Karlsen
PORTLAND, Oregon — Millions of people who've fallen behind on student
loan payments must now start repaying them or face a debt collector.
Monday's announcement from the Department of Education ends a
pandemic-era policy that let loan defaults slide.
Involuntary collection begins May 5. For some students, it will be the
first time they've ever had to confront the obligation of repaying their
debt.
"It's a little scary," said Portland State University student Ella
Dansky. "With the tariffs that are happening right now, things are not
cheap, and we can't afford to pay for anything, especially the loans."
The Trump administration suggested that after five years, borrowers have
had enough time to start paying off their loans. Still, the new
financial reality is hitting several students like a ton of textbooks.
"I am in the back of my head thinking, 'What am I going to do with this
new debt when I'm out of here?'" said PSU grad student Steve Palmer.
"That's how (Trump's) transactional White House is kind of operating
right now."
Starting May 5, the Education Department will start collecting on
student loans in default, to include garnishing wages. Officials said
right now, around 5.3 million federal student loans are in default.
"American taxpayers will no longer be forced to serve as collateral for
irresponsible student loan policies," said Education Secretary, Linda
McMahon. "Student loans must always be paid back because they are unlike
other types of consumer loans. If a borrower stops paying a mortgage or
a car payment, he will go into foreclosure or find his car repossessed.
Student loans have no collateral. It is impossible to repossess a
college degree."
For several years, U.S. Representative Suzanne Bonamici has been hosting
student loan forgiveness webinars, hoping to help students struggling
financially. She said her experience paints a different picture of
students navigating college debt.
"Most people are trying to pay back their student loans," said Bonamici.
"It's not like, 'Oh, I'm just going to go to college and get a free
ride.' That's not what's happening, and this administration doesn't
understand that because as I said, they're out of touch."
Bonamici invited Oregonians to reach out to her office for help dealing
with student loans in default. She also suggested the Office of the
Ombudsman at the state's Department of Consumer and Business Services is
a good resource.
The Education Department urged borrowers in default to do one of three
Contact the Default Resolution Group to make a monthly payment.
Enroll in an Income Driven Repayment Plan.
Sign up for Loan Rehabilitation.
https://www.kgw.com/article/news/education/millions-people-behind-student
-loans-must-start-paying/283-97da664c-1a5b-4bf1-99b7-80bd9fba1313?ref=exi
t-recirc
The only people that got screwed were the taxpayers who got stuck with
the bill for these lazy welchers who were let off the hook for repaying
on the obligations that they willingly signed on for.
Baxter
2025-04-24 03:26:32 UTC
Reply
Permalink
Post by Yak
PORTLAND, Oregon — Millions of people who've fallen behind on
student loan payments must now start repaying them or face a debt
collector. Monday's announcement from the Department of Education
ends a pandemic-era policy that let loan defaults slide.
Involuntary collection begins May 5. For some students, it will be
the first time they've ever had to confront the obligation of
repaying their debt.
"It's a little scary," said Portland State University student Ella
Dansky. "With the tariffs that are happening right now, things are
not cheap, and we can't afford to pay for anything, especially the
loans."
The Trump administration suggested that after five years, borrowers
have had enough time to start paying off their loans. Still, the new
financial reality is hitting several students like a ton of
textbooks.
"I am in the back of my head thinking, 'What am I going to do with
this new debt when I'm out of here?'" said PSU grad student Steve
Palmer. "That's how (Trump's) transactional White House is kind of
operating right now."
Starting May 5, the Education Department will start collecting on
student loans in default, to include garnishing wages. Officials said
right now, around 5.3 million federal student loans are in default.
"American taxpayers will no longer be forced to serve as collateral
for irresponsible student loan policies," said Education Secretary,
Linda McMahon. "Student loans must always be paid back because they
are unlike other types of consumer loans. If a borrower stops paying
a mortgage or a car payment, he will go into foreclosure or find his
car repossessed. Student loans have no collateral. It is impossible
to repossess a college degree."
For several years, U.S. Representative Suzanne Bonamici has been
hosting student loan forgiveness webinars, hoping to help students
struggling financially. She said her experience paints a different
picture of students navigating college debt.
"Most people are trying to pay back their student loans," said
Bonamici. "It's not like, 'Oh, I'm just going to go to college and
get a free ride.' That's not what's happening, and this
administration doesn't understand that because as I said, they're out
of touch."
Bonamici invited Oregonians to reach out to her office for help
dealing with student loans in default. She also suggested the Office
of the Ombudsman at the state's Department of Consumer and Business
Services is a good resource.
The Education Department urged borrowers in default to do one of
Contact the Default Resolution Group to make a monthly payment.
Enroll in an Income Driven Repayment Plan.
Sign up for Loan Rehabilitation.
https://www.kgw.com/article/news/education/millions-people-behind-stud
ent
-loans-must-start-paying/283-97da664c-1a5b-4bf1-99b7-80bd9fba1313?ref=
exi t-recirc
The only people that got screwed were the taxpayers who got stuck with
the bill for these lazy welchers who were let off the hook for
repaying on the obligations that they willingly signed on for.
Except they paid the principle, with interest, and still owed. No money
came out of your pocket to forgive those loans.
max headroom
2025-04-24 16:42:41 UTC
Reply
Permalink
Post by Yak
https://www.kgw.com/article/news/education/millions-people-behind-student-loans-must-start-paying/283-97da664c-1a5b-4bf1-99b7-80bd9fba1313?ref=exit-recirc
The only people that got screwed were the taxpayers who got stuck with
the bill for these lazy welchers who were let off the hook for
repaying on the obligations that they willingly signed on for.
Except they paid the principle, with interest, and still owed....
Cite?
... No money came out of your pocket to forgive those loans.
Except tax money.
Yak
2025-04-24 17:45:07 UTC
Reply
Permalink
Post by max headroom
Post by Yak
https://www.kgw.com/article/news/education/millions-people-behind-student-loans-must-start-paying/283-97da664c-1a5b-4bf1-99b7-80bd9fba1313?ref=exit-recirc
The only people that got screwed were the taxpayers who got stuck with
the bill for these lazy welchers who were let off the hook for
repaying on the obligations that they willingly signed on for.
Except they paid the principle, with interest, and still owed....
Cite?
They paid, as they should have, until covid. Then, Trump45 paused it,
part of the misnamed CARES Act. Along comes Biden46, waving his magic EO
pen, and issued extension after extension on the pause. The only one's
paying anything back were fed govt loan recipients with an ounce of
integrity, or private loan recipients who, by the way, got no such favor
of the pause.

Along comes the Debt Ceiling Act of 2023, which mandated resumption of
payments. However, Biden, waiving his EO pen which never seems to run
out of ink, once again issued an extenstion - what he called a 'ramp-up'
period to last one year. Miss a payment during that time? No problem -
no default, no involuntary collections, nothing. Some were paying,
others weren't, during the ramp up period. Many of those who did
received lower payments and/or forgiveness (that's the taxpayer on the
hook part).

But wait, there's more!

Biden, in his infinite wisdom, comes up with another inappropriately
named boondoggle called the SAVE Plan, designed to reduced payments and
offer forgiveness after 10–25 years, depending on loan size (there's
that pesky taxpayer on the hook part again); and although parts of it
were correctly struck down, other parts remain.

Fast forward to September, 2024 - the ramp-up ends. Biden is in full
dementia mode, Trump47 wins, the not paying your loan party is over.
Done, kaput, time to nut up, shut up and adhere to the terms of the
loans you willingly signed up for.
Post by max headroom
... No money came out of your pocket to forgive those loans.
Except tax money.
See above.
Rudy Canoza
2025-04-24 18:15:56 UTC
Reply
Permalink
On 4/24/2025 10:45 AM, Gak, *fat* little Nazi cocksucker fucked up the ass by
Post by Yak
https://www.kgw.com/article/news/education/millions-people-behind-student-
loans-must-start-paying/283-97da664c-1a5b-4bf1-99b7-80bd9fba1313?ref=exit-
recirc
The only people that got screwed were the taxpayers who got stuck with
the bill for these lazy welchers who were let off the hook for
repaying on the obligations that they willingly signed on for.
Except they paid the principle, with interest, and still owed....
Cite?
They paid, as they should have, until covid. Then, Trump45 paused it, part of
the misnamed CARES Act.
It is not "misnamed," you stupid priest-fucked *fat* little Nazi cocksucker.
CARES, like many laws, is an acronym for Coronavirus Aid, Relief, and Economic
Security Act.

You stupid goddamned priest-fucked *fat* little Nazi cocksucker.
Roy Blankenship
2025-04-24 19:37:05 UTC
Reply
Permalink
Post by Rudy Canoza
On 4/24/2025 10:45 AM, Gak, *fat* little Nazi cocksucker fucked up the
On every date, oozing scarlet red maxipad, whose mouth waters at the
thought of his mommy's warm mackerel-reeking snatch, tried — and
Gak, *fat* little Nazi cocksucker fucked up the ass by priests
Post by Yak
Post by H Karlsen
https://www.kgw.com/article/news/education/millions-people-behind-
student-
loans-must-start-paying/283-97da664c-1a5b-4bf1-99b7-80bd9fba1313?r
ef=exit- recirc
The only people that got screwed were the taxpayers who got stuck
with the bill for these lazy welchers who were let off the hook
for repaying on the obligations that they willingly signed on for.
Except they paid the principle, with interest, and still owed....
Cite?
They paid, as they should have, until covid. Then, Trump45 paused it,
part of the misnamed CARES Act.
It is not "misnamed,"
You'd prefer "midget cares act"?
max headroom
2025-04-24 20:19:40 UTC
Reply
Permalink
Post by Rudy Canoza
Post by Yak
https://www.kgw.com/article/news/education/millions-people-behind-student-
loans-must-start-paying/283-97da664c-1a5b-4bf1-99b7-80bd9fba1313?ref=exit-
recirc
The only people that got screwed were the taxpayers who got stuck with
the bill for these lazy welchers who were let off the hook for
repaying on the obligations that they willingly signed on for.
Except they paid the principle, with interest, and still owed....
Cite?
They paid, as they should have, until covid. Then, Trump45 paused it, part of
the misnamed CARES Act.
It is not "misnamed," you stupid priest-fucked *fat* little Nazi cocksucker.
CARES, like many laws, is an acronym for Coronavirus Aid, Relief, and Economic
Security Act.
You stupid goddamned priest-fucked *fat* little Nazi cocksucker.
Hate-filled Cunt Flaps can't dispute the facts.
Rudy Canoza
2025-04-24 20:29:45 UTC
Reply
Permalink
On 4/24/2025 1:19 PM, On every date, oozing scarlet red maxipad, whose mouth
waters at the thought of his mommy's warm mackerel-reeking snatch, tried — and
Post by Rudy Canoza
Post by Yak
https://www.kgw.com/article/news/education/millions-people-behind-student-
loans-must-start-paying/283-97da664c-1a5b-4bf1-99b7-80bd9fba1313?ref=exit-
recirc
The only people that got screwed were the taxpayers who got stuck with
the bill for these lazy welchers who were let off the hook for
repaying on the obligations that they willingly signed on for.
Except they paid the principle, with interest, and still owed....
Cite?
They paid, as they should have, until covid. Then, Trump45 paused it, part of
the misnamed CARES Act.
It is not "misnamed," you stupid priest-fucked *fat* little Nazi cocksucker.
CARES, like many laws, is an acronym for Coronavirus Aid, Relief, and Economic
Security Act.
You stupid goddamned priest-fucked *fat* little Nazi cocksucker.
Hate-filled Prof. Canoza
No, o oozing scarlet red maxipad (whose mouth waters at the thought of his
mommy's warm mackerel-reeking snatch).
--
Every Republiscum/QAnon accusation is, in fact, a confession
ron
2025-04-24 20:51:03 UTC
Reply
Permalink
Post by Rudy Canoza
On 4/24/2025 1:19 PM, On every date, oozing scarlet red maxipad, whose
mouth waters at the thought of his mommy's warm mackerel-reeking snatch,
intellectual, moral, professional, social, literary and physical
superior to oozing scarlet red maxipad (whose mouth waters at the
thought of his mommy's warm mackerel-reeking snatch) *wrote* (not
Post by Rudy Canoza
On 4/24/2025 10:45 AM, Gak, *fat* little Nazi cocksucker fucked up
On every date, oozing scarlet red maxipad, whose mouth waters at the
thought of his mommy's warm mackerel-reeking snatch, tried — and
Post by Yak
https://www.kgw.com/article/news/education/millions-people-behind-student-
loans-must-start-paying/283-97da664c-1a5b-4bf1-99b7-80bd9fba1313?ref=exit-
recirc
The only people that got screwed were the taxpayers who got stuck with
the bill for these lazy welchers who were let off the hook for
repaying on the obligations that they willingly signed on for.
Except they paid the principle, with interest, and still owed....
Cite?
They paid, as they should have, until covid. Then, Trump45 paused it, part of
the misnamed CARES Act.
It is not "misnamed," you stupid priest-fucked *fat* little Nazi cocksucker.
CARES, like many laws, is an acronym for Coronavirus Aid, Relief, and Economic
Security Act.
You stupid goddamned priest-fucked *fat* little Nazi cocksucker.
Hate-filled Prof. Canoza
No, o oozing scarlet red maxipad
Are you smearing strawberry jam on sanitary napkins again?
max headroom
2025-04-24 21:45:29 UTC
Reply
Permalink
Post by max headroom
Post by Rudy Canoza
Post by Yak
https://www.kgw.com/article/news/education/millions-people-behind-student-
loans-must-start-paying/283-97da664c-1a5b-4bf1-99b7-80bd9fba1313?ref=exit-
recirc
The only people that got screwed were the taxpayers who got stuck with
the bill for these lazy welchers who were let off the hook for
repaying on the obligations that they willingly signed on for.
Except they paid the principle, with interest, and still owed....
Cite?
They paid, as they should have, until covid. Then, Trump45 paused it, part
of the misnamed CARES Act.
It is not "misnamed," you stupid priest-fucked *fat* little Nazi cocksucker.
CARES, like many laws, is an acronym for Coronavirus Aid, Relief, and
Economic Security Act.
You stupid goddamned priest-fucked *fat* little Nazi cocksucker.
Hate-filled Cunt Flaps can't dispute the facts.
No....
Rudy Canoza
2025-04-24 22:06:17 UTC
Reply
Permalink
On every date, oozing scarlet red maxipad, whose mouth waters at the thought of
Post by Rudy Canoza
Post by Yak
https://www.kgw.com/article/news/education/millions-people-behind-student-
loans-must-start-paying/283-97da664c-1a5b-4bf1-99b7-80bd9fba1313?ref=exit-
recirc
The only people that got screwed were the taxpayers who got stuck with
the bill for these lazy welchers who were let off the hook for
repaying on the obligations that they willingly signed on for.
Except they paid the principle, with interest, and still owed....
Cite?
They paid, as they should have, until covid. Then, Trump45 paused it, part
of the misnamed CARES Act.
It is not "misnamed," you stupid priest-fucked *fat* little Nazi cocksucker.
CARES, like many laws, is an acronym for Coronavirus Aid, Relief, and
Economic Security Act.
You stupid goddamned priest-fucked *fat* little Nazi cocksucker.
Hate-filled Prof. Canoza
No, o oozing scarlet red maxipad (whose mouth waters at the thought of his mommy's warm mackerel-reeking snatch).
Looks like oozing scarlet red maxipad (whose mouth waters at the thought of his
mommy's warm mackerel-reeking snatch) forgot to say anything. No matter, because
he never has anything meaningful to say, anyway.
--
Every Republiscum/QAnon accusation is, in fact, a confession
max headroom
2025-04-25 23:58:31 UTC
Reply
Permalink
Post by max headroom
Post by Rudy Canoza
Post by Yak
Post by Yak
https://www.kgw.com/article/news/education/millions-people-behind-student-
loans-must-start-paying/283-97da664c-1a5b-4bf1-99b7-80bd9fba1313?ref=exit-
recirc
The only people that got screwed were the taxpayers who got stuck with
the bill for these lazy welchers who were let off the hook for
repaying on the obligations that they willingly signed on for.
Except they paid the principle, with interest, and still owed....
Cite?
They paid, as they should have, until covid. Then, Trump45 paused it,
part of the misnamed CARES Act.
It is not "misnamed," you stupid priest-fucked *fat* little Nazi
cocksucker. CARES, like many laws, is an acronym for Coronavirus Aid,
Relief, and Economic Security Act.
You stupid goddamned priest-fucked *fat* little Nazi cocksucker.
Hate-filled Cunt Flaps can't dispute the facts.
No...
Looks like Max the Magnanimous forgot to say anything....
Your admission that you can't dispute the facts says it all.
American Thinker
2025-04-25 02:46:55 UTC
Reply
Permalink
Post by Rudy Canoza
On 4/24/2025 10:45 AM, Gak, *fat* little Nazi cocksucker fucked up the ass by
Post by Yak
https://www.kgw.com/article/news/education/millions-people-behind-student-
loans-must-start-paying/283-97da664c-1a5b-4bf1-99b7-80bd9fba1313?ref=exit-
recirc
The only people that got screwed were the taxpayers who got stuck with
the bill for these lazy welchers who were let off the hook for
repaying on the obligations that they willingly signed on for.
Except they paid the principle, with interest, and still owed....
Cite?
They paid, as they should have, until covid. Then, Trump45 paused it, part of
the misnamed CARES Act.
It is not "misnamed," you stupid priest-fucked *fat* little Nazi cocksucker.
CARES, like many laws, is an acronym for Coronavirus Aid, Relief, and Economic
Security Act.
Some of us prefer, "Con Artists Robbing Economic Stimulus."

See the states governed by Gavin Newsom and Tim Walz.
P. Coonan
2025-04-24 22:03:54 UTC
Reply
Permalink
Post by Yak
Post by max headroom
Post by Yak
Post by H Karlsen
https://www.kgw.com/article/news/education/millions-people-behind-s
tudent-loans-must-start-paying/283-97da664c-1a5b-4bf1-99b7-80bd9fba
1313?ref=exit-recirc
The only people that got screwed were the taxpayers who got stuck
with the bill for these lazy welchers who were let off the hook for
repaying on the obligations that they willingly signed on for.
Except they paid the principle, with interest, and still owed....
Cite?
They paid, as they should have, until covid. Then, Trump45 paused it,
part of the misnamed CARES Act. Along comes Biden46, waving his magic
EO pen, and issued extension after extension on the pause. The only
one's paying anything back were fed govt loan recipients with an ounce
of integrity, or private loan recipients who, by the way, got no such
favor of the pause.
Along comes the Debt Ceiling Act of 2023, which mandated resumption of
payments. However, Biden, waiving his EO pen which never seems to run
out of ink, once again issued an extenstion - what he called a
'ramp-up' period to last one year. Miss a payment during that time? No
problem - no default, no involuntary collections, nothing. Some were
paying, others weren't, during the ramp up period. Many of those who
did received lower payments and/or forgiveness (that's the taxpayer on
the hook part).
But wait, there's more!
Biden, in his infinite wisdom, comes up with another inappropriately
named boondoggle called the SAVE Plan, designed to reduced payments
and offer forgiveness after 10–25 years, depending on loan size
(there's that pesky taxpayer on the hook part again); and although
parts of it were correctly struck down, other parts remain.
Fast forward to September, 2024 - the ramp-up ends. Biden is in full
dementia mode, Trump47 wins, the not paying your loan party is over.
Done, kaput, time to nut up, shut up and adhere to the terms of the
loans you willingly signed up for.
Post by max headroom
... No money came out of your pocket to forgive those loans.
Except tax money.
See above.
Government employees with 120 payments could apply and get their loan
forgiven.

https://studentaid.gov/manage-loans/forgiveness-cancellation/public-
service#qualifying-employment
Yak
2025-04-25 12:45:50 UTC
Reply
Permalink
Post by P. Coonan
Post by Yak
Post by max headroom
Post by Yak
Post by H Karlsen
https://www.kgw.com/article/news/education/millions-people-behind-s
tudent-loans-must-start-paying/283-97da664c-1a5b-4bf1-99b7-80bd9fba
1313?ref=exit-recirc
The only people that got screwed were the taxpayers who got stuck
with the bill for these lazy welchers who were let off the hook for
repaying on the obligations that they willingly signed on for.
Except they paid the principle, with interest, and still owed....
Cite?
They paid, as they should have, until covid. Then, Trump45 paused it,
part of the misnamed CARES Act. Along comes Biden46, waving his magic
EO pen, and issued extension after extension on the pause. The only
one's paying anything back were fed govt loan recipients with an ounce
of integrity, or private loan recipients who, by the way, got no such
favor of the pause.
Along comes the Debt Ceiling Act of 2023, which mandated resumption of
payments. However, Biden, waiving his EO pen which never seems to run
out of ink, once again issued an extenstion - what he called a
'ramp-up' period to last one year. Miss a payment during that time? No
problem - no default, no involuntary collections, nothing. Some were
paying, others weren't, during the ramp up period. Many of those who
did received lower payments and/or forgiveness (that's the taxpayer on
the hook part).
But wait, there's more!
Biden, in his infinite wisdom, comes up with another inappropriately
named boondoggle called the SAVE Plan, designed to reduced payments
and offer forgiveness after 10–25 years, depending on loan size
(there's that pesky taxpayer on the hook part again); and although
parts of it were correctly struck down, other parts remain.
Fast forward to September, 2024 - the ramp-up ends. Biden is in full
dementia mode, Trump47 wins, the not paying your loan party is over.
Done, kaput, time to nut up, shut up and adhere to the terms of the
loans you willingly signed up for.
Post by max headroom
... No money came out of your pocket to forgive those loans.
Except tax money.
See above.
Government employees with 120 payments could apply and get their loan
forgiven.
https://studentaid.gov/manage-loans/forgiveness-cancellation/public-
service#qualifying-employment
Thanks for making the case for me.
Governor Swill
2025-04-27 05:03:56 UTC
Reply
Permalink
Post by Yak
Post by P. Coonan
Post by Yak
Post by max headroom
Post by Yak
Post by H Karlsen
https://www.kgw.com/article/news/education/millions-people-behind-s
tudent-loans-must-start-paying/283-97da664c-1a5b-4bf1-99b7-80bd9fba
1313?ref=exit-recirc
The only people that got screwed were the taxpayers who got stuck
with the bill for these lazy welchers who were let off the hook for
repaying on the obligations that they willingly signed on for.
Except they paid the principle, with interest, and still owed....
Cite?
They paid, as they should have, until covid. Then, Trump45 paused it,
part of the misnamed CARES Act. Along comes Biden46, waving his magic
EO pen, and issued extension after extension on the pause. The only
one's paying anything back were fed govt loan recipients with an ounce
of integrity, or private loan recipients who, by the way, got no such
favor of the pause.
Along comes the Debt Ceiling Act of 2023, which mandated resumption of
payments. However, Biden, waiving his EO pen which never seems to run
out of ink, once again issued an extenstion - what he called a
'ramp-up' period to last one year. Miss a payment during that time? No
problem - no default, no involuntary collections, nothing. Some were
paying, others weren't, during the ramp up period. Many of those who
did received lower payments and/or forgiveness (that's the taxpayer on
the hook part).
But wait, there's more!
Biden, in his infinite wisdom, comes up with another inappropriately
named boondoggle called the SAVE Plan, designed to reduced payments
and offer forgiveness after 10–25 years, depending on loan size
(there's that pesky taxpayer on the hook part again); and although
parts of it were correctly struck down, other parts remain.
Fast forward to September, 2024 - the ramp-up ends. Biden is in full
dementia mode, Trump47 wins, the not paying your loan party is over.
Done, kaput, time to nut up, shut up and adhere to the terms of the
loans you willingly signed up for.
Post by max headroom
... No money came out of your pocket to forgive those loans.
Except tax money.
See above.
Government employees with 120 payments could apply and get their loan
forgiven.
https://studentaid.gov/manage-loans/forgiveness-cancellation/public-
service#qualifying-employment
Thanks for making the case for me.
These Republicans were forgiven millions for PPP loans but voted
against student debt relief.

<https://www.instagram.com/votolatino/p/CuU8QjYu7rw/?hl=en>

One KY rep alone stole over $4,000,000 of our money.
--
Never in the history of humanity has there ever been a civilization
that had more power and more wealth than the United States does today.

Not Rome, not Egypt, not China or the oldest, India.

The United States of America

Why aren't you magas satisfied with that?
Governor Swill
2025-04-25 04:52:27 UTC
Reply
Permalink
Post by Yak
They paid, as they should have, until covid.
What do you mean "until covid"? PPP was a reaction to COVID.
Post by Yak
Then, Trump45 paused it,
part of the misnamed CARES Act.
Wrong. PPP came after CARES.

"The CARES Act, or Coronavirus Aid, Relief, and Economic Security Act,
is a $2.2 trillion economic stimulus bill passed by Congress in
response to the COVID-19 pandemic. It provides economic assistance to
workers, families, small businesses, and industries, addressing the
issues related to the pandemic's onset. The CARES Act was signed into
law on March 27, 2020."
Post by Yak
Along comes Biden46, waving his magic EO pen,
Like Trump waves his?
Post by Yak
and issued extension after extension on the pause.
A Republican Congress passed it, a Republican President signed it, a
Republican President issued the first pause, a Democratic President
continued the pause.

As much culbability there was from both sides, where are the lists of
DEMOCRATIC congress critters who made out like a bandit with PPP?

<crickets>
Post by Yak
The only one's
paying anything back were fed govt loan recipients with an ounce of
integrity, or private loan recipients who, by the way, got no such favor
of the pause.
So you agree that Republican Congress critters ripped off the tax
payer by borrowing money and, in the end, forgiving themselves the
debt.

Over $400B disappeared that way.

These ten Republican Congress Critters stole $14,698,000 from us.
<https://www.instagram.com/votolatino/p/CuU8QjYu7rw/?hl=en>

And still, Republicans dare look you in the eye and complain about
DEBT?
--
Eighty years of empire building and Trump is flushing it
all down the can.
Yak
2025-04-25 12:59:57 UTC
Reply
Permalink
Post by Governor Swill
Post by Yak
They paid, as they should have, until covid.
What do you mean "until covid"?
I mean they paid up until covid. What's not to understand?
Post by Governor Swill
PPP was a reaction to COVID.
No shit.
Post by Governor Swill
Post by Yak
Then, Trump45 paused it,
part of the misnamed CARES Act.
Wrong. PPP came after CARES.
I never said it came before PPP. In fact, I never mentioned it because
PPP has nothing to do with student loan repayment or forgiveness.
Post by Governor Swill
"The CARES Act, or Coronavirus Aid, Relief, and Economic Security Act,
is a $2.2 trillion economic stimulus bill passed by Congress in
response to the COVID-19 pandemic. It provides economic assistance to
workers, families, small businesses, and industries, addressing the
issues related to the pandemic's onset. The CARES Act was signed into
law on March 27, 2020."
Post by Yak
Along comes Biden46, waving his magic EO pen,
Like Trump waves his?
Exactly.
Post by Governor Swill
Post by Yak
and issued extension after extension on the pause.
A Republican Congress passed it, a Republican President signed it, a
Republican President issued the first pause, a Democratic President
continued the pause.
Congress doesn't pass EOs.
Post by Governor Swill
As much culbability there was from both sides, where are the lists of
DEMOCRATIC congress critters who made out like a bandit with PPP?
Nancy Pelost, Ron Wyden, Jeanne Shaheen, Susie Lee, Debbie
Mucarsel-Powell, Matt Cartwright, Conor Lamb. I can keep going, but it
doesn't matter, at least for purposes of this thread, because we're
talking about student loans here.
Post by Governor Swill
<crickets>
Post by Yak
The only one's
paying anything back were fed govt loan recipients with an ounce of
integrity, or private loan recipients who, by the way, got no such favor
of the pause.
So you agree that Republican Congress critters ripped off the tax
payer by borrowing money and, in the end, forgiving themselves the
debt.
Damned right I agree. No one is blameless.
Post by Governor Swill
Over $400B disappeared that way.
These ten Republican Congress Critters stole $14,698,000 from us.
<https://www.instagram.com/votolatino/p/CuU8QjYu7rw/?hl=en>
And still, Republicans dare look you in the eye and complain about
DEBT?
There's a reason they are called RINOs, and why they are all a Uniparty.
Governor Swill
2025-04-27 05:22:23 UTC
Reply
Permalink
Post by Yak
Post by Governor Swill
Post by Yak
They paid, as they should have, until covid.
What do you mean "until covid"?
I mean they paid up until covid. What's not to understand?
Ok, we're not on the same page. I'm talking about PPP, you're talking
about student debt relief.
Post by Yak
Post by Governor Swill
PPP was a reaction to COVID.
No shit.
Post by Governor Swill
Post by Yak
Then, Trump45 paused it,
part of the misnamed CARES Act.
Wrong. PPP came after CARES.
I never said it came before PPP. In fact, I never mentioned it because
PPP has nothing to do with student loan repayment or forgiveness.
Thus the misunderstanding.

Ok, IMO it is highly hypocritical to say one thing and do another. In
general, Republicans voted for PPP forgiveness, but against Studen
debt forgiveness.

Why?
Post by Yak
Post by Governor Swill
"The CARES Act, or Coronavirus Aid, Relief, and Economic Security Act,
is a $2.2 trillion economic stimulus bill passed by Congress in
response to the COVID-19 pandemic. It provides economic assistance to
workers, families, small businesses, and industries, addressing the
issues related to the pandemic's onset. The CARES Act was signed into
law on March 27, 2020."
Post by Yak
Along comes Biden46, waving his magic EO pen,
Like Trump waves his?
Exactly.
Post by Governor Swill
Post by Yak
and issued extension after extension on the pause.
A Republican Congress passed it, a Republican President signed it, a
Republican President issued the first pause, a Democratic President
continued the pause.
Congress doesn't pass EOs.
Cares and PPP were not EOs.

Doesn't change the fact that Republicans blocked student debt relief
but "disappeared" at least $400B and were forgiven their own debt into
the bargain.
Post by Yak
Post by Governor Swill
As much culbability there was from both sides, where are the lists of
DEMOCRATIC congress critters who made out like a bandit with PPP?
Nancy Pelost, Ron Wyden, Jeanne Shaheen, Susie Lee, Debbie
Mucarsel-Powell, Matt Cartwright, Conor Lamb. I can keep going, but it
doesn't matter, at least for purposes of this thread, because we're
talking about student loans here.
What did they do?
Post by Yak
Post by Governor Swill
Post by Yak
The only one's
paying anything back were fed govt loan recipients with an ounce of
integrity, or private loan recipients who, by the way, got no such favor
of the pause.
So you agree that Republican Congress critters ripped off the tax
payer by borrowing money and, in the end, forgiving themselves the
debt.
Damned right I agree. No one is blameless.
Post by Governor Swill
Over $400B disappeared that way.
These ten Republican Congress Critters stole $14,698,000 from us.
<https://www.instagram.com/votolatino/p/CuU8QjYu7rw/?hl=en>
And still, Republicans dare look you in the eye and complain about
DEBT?
There's a reason they are called RINOs, and why they are all a Uniparty.
A RINO is someone masquerading as a Republican but actually isn't.

Trump is a RINO. He is NOT a conservative, his political leanings
have always been to Democrats and he considers himself above the law.

Maga is Trump's uniparty. They do whatever they're told.

His organizational patterns are those of a mobster. By selecting for
loyalty rather than competence, he can only hurt us, not destroy us.

I want to see responsible Republicans back in office. That does not
include the motley crew of rip offs calling themselves "Republican"
today.
--
Never in the history of humanity has there ever been a civilization
that had more power and more wealth than the United States does today.

Not Rome, not Egypt, not China or the oldest, India.

The United States of America

Why aren't you magas satisfied with that?
Siri Cruz
2025-04-27 09:31:24 UTC
Reply
Permalink
Post by Governor Swill
Ok, IMO it is highly hypocritical to say one thing and do another. In
general, Republicans voted for PPP forgiveness, but against Studen
debt forgiveness.
The part that angers me is Congress removed student loans from
bankruptcy discharge. You cannot even escape by defaulting.

I am not pleased the Insane Oranger could escape his fraud debt
with a bankruptcy. But the point, even in the Bible as Jubilee,
is a society can get so clogged up with who owes whom, it is
better to have way to get rid of it, distributing the debt among
the community.

Except student debt.

Mortgage is not discharged in a bankruptcy, but you can still get
out by defaulting and letting the bank seize the house.
--
Siri Seal of Disavowal #000-999. Disavowed. Denied. @
'I desire mercy, not sacrifice.' /|\
The Church of the Holey Apple .signature 4.0 / \
of Discordian Mysteries. This post insults Islam. Mohamed
West End Of Westbound Horse
2025-04-27 10:09:54 UTC
Reply
Permalink
Post by Siri Cruz
Post by Governor Swill
Ok, IMO it is highly hypocritical to say one thing and do another.
In general, Republicans voted for PPP forgiveness, but against Studen
debt forgiveness.
The part that angers me is Congress removed student loans from
bankruptcy discharge. You cannot even escape by defaulting.
I am not pleased the Insane Oranger could escape his fraud debt
with a bankruptcy.
When specifically was that "fraud" debt bankruptcy? Was it 7 or 11?

Note that bk records are public, highly detailed in his case with
followup reporting that you may find annoyingly illuminating, so
make an effort to be accurate.
Yak
2025-04-28 12:30:32 UTC
Reply
Permalink
Post by Siri Cruz
Ok, IMO it is highly hypocritical to say one thing and do another.  In
general, Republicans voted for PPP forgiveness, but against Studen
debt forgiveness.
The part that angers me is Congress removed student loans from
bankruptcy discharge.
You can thank a democrat congress for that.
Mitchell Holman
2025-04-28 13:37:21 UTC
Reply
Permalink
Post by Yak
Post by Siri Cruz
Ok, IMO it is highly hypocritical to say one thing and do another.  In
general, Republicans voted for PPP forgiveness, but against Studen
debt forgiveness.
The part that angers me is Congress removed student loans from
bankruptcy discharge.
You can thank a democrat congress for that.
No, you can thank a Democratic Judge for
allowing student loan bankruptcies.

https://www.consumerfinancemonitor.com/2020/01/21/bankruptcy-court-
discharges-student-loan-debt/
Yak
2025-04-28 14:31:14 UTC
Reply
Permalink
Post by Mitchell Holman
Post by Yak
Post by Siri Cruz
Ok, IMO it is highly hypocritical to say one thing and do another.  In
general, Republicans voted for PPP forgiveness, but against Studen
debt forgiveness.
The part that angers me is Congress removed student loans from
bankruptcy discharge.
You can thank a democrat congress for that.
No, you can thank a Democratic Judge for
allowing student loan bankruptcies.
https://www.consumerfinancemonitor.com/2020/01/21/bankruptcy-court-
discharges-student-loan-debt/
No, you can thank congress for that too.

That student debt is not dischargable in bankruptcy is a myth. In spite
of a democrat congress restricting bankruptcy protection, the law it
created still gives the debtor an option for discharge due to undue
hardship; although it's still a very difficult standard to meet.
Siri Cruz
2025-04-28 16:44:25 UTC
Reply
Permalink
Post by Yak
Post by Siri Cruz
Post by Governor Swill
Ok, IMO it is highly hypocritical to say one thing and do
another. In
general, Republicans voted for PPP forgiveness, but against
Studen
debt forgiveness.
The part that angers me is Congress removed student loans from
bankruptcy discharge.
You can thank a democrat congress for that.
More reason to vote Green.
--
Siri Seal of Disavowal #000-999. Disavowed. Denied. @
'I desire mercy, not sacrifice.' /|\
The Church of the Holey Apple .signature 4.0 / \
of Discordian Mysteries. This post insults Islam. Mohamed
Yak
2025-04-28 12:23:21 UTC
Reply
Permalink
Post by Governor Swill
Post by Yak
Post by Governor Swill
Post by Yak
They paid, as they should have, until covid.
What do you mean "until covid"?
I mean they paid up until covid. What's not to understand?
Ok, we're not on the same page. I'm talking about PPP, you're talking
about student debt relief.
That's because the subject is student loans.
Post by Governor Swill
Post by Yak
Post by Governor Swill
PPP was a reaction to COVID.
No shit.
Post by Governor Swill
Post by Yak
Then, Trump45 paused it,
part of the misnamed CARES Act.
Wrong. PPP came after CARES.
I never said it came before PPP. In fact, I never mentioned it because
PPP has nothing to do with student loan repayment or forgiveness.
Thus the misunderstanding.
Ok, IMO it is highly hypocritical to say one thing and do another. In
general, Republicans voted for PPP forgiveness, but against Studen
debt forgiveness.
Why?
Because they're hypocrites, as are the democrats who voted infavor of
PPP and against stuydent debt relief. Welcome to politics in DC.
Post by Governor Swill
Post by Yak
Post by Governor Swill
"The CARES Act, or Coronavirus Aid, Relief, and Economic Security Act,
is a $2.2 trillion economic stimulus bill passed by Congress in
response to the COVID-19 pandemic. It provides economic assistance to
workers, families, small businesses, and industries, addressing the
issues related to the pandemic's onset. The CARES Act was signed into
law on March 27, 2020."
Post by Yak
Along comes Biden46, waving his magic EO pen,
Like Trump waves his?
Exactly.
Post by Governor Swill
Post by Yak
and issued extension after extension on the pause.
A Republican Congress passed it, a Republican President signed it, a
Republican President issued the first pause, a Democratic President
continued the pause.
Congress doesn't pass EOs.
Cares and PPP were not EOs.
Doesn't change the fact that Republicans blocked student debt relief
but "disappeared" at least $400B and were forgiven their own debt into
the bargain.
Biden signed EOs to extend forgiveness.
Post by Governor Swill
Post by Yak
Post by Governor Swill
As much culbability there was from both sides, where are the lists of
DEMOCRATIC congress critters who made out like a bandit with PPP?
Nancy Pelost, Ron Wyden, Jeanne Shaheen, Susie Lee, Debbie
Mucarsel-Powell, Matt Cartwright, Conor Lamb. I can keep going, but it
doesn't matter, at least for purposes of this thread, because we're
talking about student loans here.
What did they do?
???
Post by Governor Swill
Post by Yak
Post by Governor Swill
Post by Yak
The only one's
paying anything back were fed govt loan recipients with an ounce of
integrity, or private loan recipients who, by the way, got no such favor
of the pause.
So you agree that Republican Congress critters ripped off the tax
payer by borrowing money and, in the end, forgiving themselves the
debt.
Damned right I agree. No one is blameless.
Post by Governor Swill
Over $400B disappeared that way.
These ten Republican Congress Critters stole $14,698,000 from us.
<https://www.instagram.com/votolatino/p/CuU8QjYu7rw/?hl=en>
And still, Republicans dare look you in the eye and complain about
DEBT?
There's a reason they are called RINOs, and why they are all a Uniparty.
A RINO is someone masquerading as a Republican but actually isn't.
Trump is a RINO. He is NOT a conservative, his political leanings
have always been to Democrats and he considers himself above the law.
Maga is Trump's uniparty. They do whatever they're told.
His organizational patterns are those of a mobster. By selecting for
loyalty rather than competence, he can only hurt us, not destroy us.
I want to see responsible Republicans back in office. That does not
include the motley crew of rip offs calling themselves "Republican"
today.
So do I.
Governor Swill
2025-04-25 04:33:38 UTC
Reply
Permalink
On Thu, 24 Apr 2025 09:42:41 -0700, "max headroom"
Post by max headroom
Post by Yak
https://www.kgw.com/article/news/education/millions-people-behind-student-loans-must-start-paying/283-97da664c-1a5b-4bf1-99b7-80bd9fba1313?ref=exit-recirc
The only people that got screwed were the taxpayers who got stuck with
the bill for these lazy welchers who were let off the hook for
repaying on the obligations that they willingly signed on for.
Except they paid the principle, with interest, and still owed....
Cite?
I'll wait with you.
Post by max headroom
... No money came out of your pocket to forgive those loans.
Except tax money.
So, Matt Gaetz owes us $482,321?

When do you think he and MTG (183,504) will pay up?

"Republicans took out PPP loans, therefore they are selfish hypocrites
gobbling up federal cash when it suits their purposes."

<https://nymag.com/intelligencer/2022/08/its-not-good-for-democrats-to-mock-the-ppp-program.html>
--
Eighty years of empire building and Trump is flushing it
all down the can.
Baxter
2025-04-25 15:05:19 UTC
Reply
Permalink
Post by Governor Swill
On Thu, 24 Apr 2025 09:42:41 -0700, "max headroom"
Except they paid the principle, with interest, and still owed....
Cite?
I'll wait with you.
There are multiple loan forgiveness plans - here's one:
===========
Borrowers who have been in repayment for more than 20 years
Biden’s new plan aims to automatically cancel the undergraduate debt of
anyone who has been repaying their loans for 20 years (since July 1, 2005)
and forgive the graduate-school debt of anyone who has been in repayment
for 25 years (since July 1, 2000).
max headroom
2025-04-25 21:49:44 UTC
Reply
Permalink
Post by Governor Swill
On Thu, 24 Apr 2025 09:42:41 -0700, "max headroom"
Except they paid the principle, with interest, and still owed....
Cite?
I'll wait with you.
There are multiple loan forgiveness plans - here's one:...
Find one that addressed borrowers who "paid the principle, with interest, and
still owed..."
Baxter
2025-04-26 02:50:51 UTC
Reply
Permalink
Post by max headroom
Post by Governor Swill
On Thu, 24 Apr 2025 09:42:41 -0700, "max headroom"
Except they paid the principle, with interest, and still owed....
Cite?
I'll wait with you.
There are multiple loan forgiveness plans - here's one:...
Find one that addressed borrowers who "paid the principle, with
interest, and still owed..."
Ah, yes, that's where the "creative bookeeping" comes in - the student
made payments for 20 years totalling more than the original loan, but it
was all applied to the interest and not to the principle -- and after 20
years of payments, the student still owes more than he borrowed.

===========
Student loan payments were paused in 2020 in response to the pandemic –
but by 2021, almost two out of every three student loan borrowers who
made voluntary payments during the COVID-19 payment pause ended up owing
a larger balance than they originally did, according to a report from the
National Consumer Law Center and the Center for Responsible Lending.

https://finance.yahoo.com/news/many-student-loan-borrowers-owe-
120118581.html
max headroom
2025-04-26 07:12:42 UTC
Reply
Permalink
Post by Baxter
Post by max headroom
Post by Governor Swill
On Thu, 24 Apr 2025 09:42:41 -0700, "max headroom"
Except they paid the principle, with interest, and still owed....
Cite?
I'll wait with you.
There are multiple loan forgiveness plans - here's one:...
Find one that addressed borrowers who "paid the principle, with
interest, and still owed..."
Ah, yes, that's where the "creative bookeeping" comes in - the student
made payments for 20 years totalling more than the original loan, but it
was all applied to the interest and not to the principle -- and after 20
years of payments, the student still owes more than he borrowed....
So they hadn't actually "paid the principle, with interest, and still owed..."
Baxter
2025-04-26 14:52:13 UTC
Reply
Permalink
Post by max headroom
Post by Baxter
Post by max headroom
Post by Governor Swill
On Thu, 24 Apr 2025 09:42:41 -0700, "max headroom"
Post by Baxter
Except they paid the principle, with interest, and still
owed....
Cite?
I'll wait with you.
There are multiple loan forgiveness plans - here's one:...
Find one that addressed borrowers who "paid the principle, with
interest, and still owed..."
Ah, yes, that's where the "creative bookeeping" comes in - the
student made payments for 20 years totalling more than the original
loan, but it was all applied to the interest and not to the principle
-- and after 20 years of payments, the student still owes more than
he borrowed....
So they hadn't actually "paid the principle, with interest, and still owed..."
They've paid more than they borrowed.
Skeeter OG
2025-04-26 16:10:10 UTC
Reply
Permalink
Post by Baxter
Post by max headroom
Post by Baxter
Post by max headroom
Post by Governor Swill
On Thu, 24 Apr 2025 09:42:41 -0700, "max headroom"
Except they paid the principle, with interest, and still owed....
Cite?
I'll wait with you.
There are multiple loan forgiveness plans - here's one:...
Find one that addressed borrowers who "paid the principle, with
interest, and still owed..."
Ah, yes, that's where the "creative bookeeping" comes in - the
student made payments for 20 years totalling more than the original
loan, but it was all applied to the interest and not to the principle
-- and after 20 years of payments, the student still owes more than
he borrowed....
So they hadn't actually "paid the principle, with interest, and still owed..."
They've paid more than they borrowed.
That's how it works.
max headroom
2025-04-26 20:40:51 UTC
Reply
Permalink
Post by Baxter
Post by max headroom
Post by Baxter
Post by max headroom
Post by Governor Swill
On Thu, 24 Apr 2025 09:42:41 -0700, "max headroom"
Except they paid the principle, with interest, and still owed....
Cite?
I'll wait with you.
There are multiple loan forgiveness plans - here's one:...
Find one that addressed borrowers who "paid the principle, with
interest, and still owed..."
Ah, yes, that's where the "creative bookeeping" comes in - the
student made payments for 20 years totalling more than the original
loan, but it was all applied to the interest and not to the principle
-- and after 20 years of payments, the student still owes more than
he borrowed....
So they hadn't actually "paid the principle, with interest, and still owed..."
They've paid more than they borrowed.
But they hadn't actually "paid the principle, with interest," had they?
Governor Swill
2025-04-27 05:45:49 UTC
Reply
Permalink
On Sat, 26 Apr 2025 00:12:42 -0700, "max headroom"
Post by max headroom
Post by Baxter
Post by max headroom
Post by Governor Swill
On Thu, 24 Apr 2025 09:42:41 -0700, "max headroom"
Except they paid the principle, with interest, and still owed....
Cite?
I'll wait with you.
There are multiple loan forgiveness plans - here's one:...
Find one that addressed borrowers who "paid the principle, with
interest, and still owed..."
Ah, yes, that's where the "creative bookeeping" comes in - the student
made payments for 20 years totalling more than the original loan, but it
was all applied to the interest and not to the principle -- and after 20
years of payments, the student still owes more than he borrowed....
So they hadn't actually "paid the principle, with interest, and still owed..."
It helps to think of interest as "rent". You pay X a month for a
house that cost X*100 to build. No matter how much rent you pay,
you're still living in that X*100 house.

When you do this with money, you're effectively renting cash.

So yes, one can live in that house for 110 months and still owe the
rent *and* the balance.

Poor financial management.

When America was at it's best in education, student loans carried low
rates this allowed them to be paid back more quickly because the
accrual was slow.

The higher rates of today and the money being loaned by commercial
banks can be devastating.
--
Never in the history of humanity has there ever been a civilization
that had more power and more wealth than the United States does today.

Not Rome, not Egypt, not China or the oldest, India.

The United States of America

Why aren't you magas satisfied with that?
Skeeter OG
2025-04-26 13:58:26 UTC
Reply
Permalink
Post by Baxter
Post by max headroom
Post by Governor Swill
On Thu, 24 Apr 2025 09:42:41 -0700, "max headroom"
Except they paid the principle, with interest, and still owed....
Cite?
I'll wait with you.
There are multiple loan forgiveness plans - here's one:...
Find one that addressed borrowers who "paid the principle, with
interest, and still owed..."
Ah, yes, that's where the "creative bookeeping" comes in - the student
made payments for 20 years totalling more than the original loan, but it
was all applied to the interest and not to the principle -- and after 20
years of payments, the student still owes more than he borrowed.
===========
Student loan payments were paused in 2020 in response to the pandemic ?
but by 2021, almost two out of every three student loan borrowers who
made voluntary payments during the COVID-19 payment pause ended up owing
a larger balance than they originally did, according to a report from the
National Consumer Law Center and the Center for Responsible Lending.
https://finance.yahoo.com/news/many-student-loan-borrowers-owe-
120118581.html
Maybe he should read the small print next time.
Governor Swill
2025-04-27 05:36:22 UTC
Reply
Permalink
Post by Baxter
Post by max headroom
Post by Governor Swill
Except they paid the principle, with interest, and still owed....
Cite?
I'll wait with you.
There are multiple loan forgiveness plans - here's one:...
Find one that addressed borrowers who "paid the principle, with
interest, and still owed..."
Ah, yes, that's where the "creative bookeeping" comes in - the student
made payments for 20 years totalling more than the original loan, but it
was all applied to the interest and not to the principle -- and after 20
years of payments, the student still owes more than he borrowed.
This happens when you have any debt with a minimum payment. The
minimum payment is usually this month's interest or thereabouts. This
is not, by any means, unusual.
Post by Baxter
===========
Student loan payments were paused in 2020 in response to the pandemic –
but by 2021, almost two out of every three student loan borrowers who
made voluntary payments during the COVID-19 payment pause ended up owing
a larger balance than they originally did, according to a report from the
National Consumer Law Center and the Center for Responsible Lending.
https://finance.yahoo.com/news/many-student-loan-borrowers-owe-120118581.html
--
Never in the history of humanity has there ever been a civilization
that had more power and more wealth than the United States does today.

Not Rome, not Egypt, not China or the oldest, India.

The United States of America

Why aren't you magas satisfied with that?
Rudy Canoza
2025-04-27 16:52:51 UTC
Reply
Permalink
Post by Baxter
Post by max headroom
Post by Governor Swill
On Thu, 24 Apr 2025 09:42:41 -0700, "max headroom"
Except they paid the principle, with interest, and still owed....
Cite?
I'll wait with you.
There are multiple loan forgiveness plans - here's one:...
Find one that addressed borrowers who "paid the principle, with
interest, and still owed..."
Ah, yes, that's where the "creative bookeeping" comes in - the student
made payments for 20 years totalling more than the original loan, but it
was all applied to the interest and not to the principle
*principal*, you goddamned fucking semi-literate retard.
Post by Baxter
-- and after 20 years of payments, the student still owes more than he borrowed.
The dummy wasn't even paying all the interest. *Of course* the loan balance is
going to grow. That's like you paying only the minimum payment due on a credit
card balance. That also doesn't cover all of the interest, so even if you don't
use the credit card for any further purchases, your outstanding balance will
grow. It's stupid, and you're just stupid enough to do it.
Klaus Schadenfreude
2025-04-27 17:15:51 UTC
Reply
Permalink
Post by Rudy Canoza
Post by Baxter
Ah, yes, that's where the "creative bookeeping" comes in - the student
made payments for 20 years totalling more than the original loan, but it
was all applied to the interest and not to the principle
==================================================
==================================================
================= WARNING! ========================
**** DESPERATE RUDY GRAMMAR FLAME AHEAD ****
================= WARNING! ========================
==================================================
==================================================
Post by Rudy Canoza
*principal*, you goddamned fucking semi-literate retard.
No, but if you're [sic] post your real name and address here, I'll
gladly come down and scatter your 73 brain cells in front of your
nursing home.
-Rudy, so busy pretending to be someone else to escape everyone's
filters, he got confused about the usage of "you," "you'll," "your,"
and "you're."
-Message-ID: <kMTvH.5377$***@fx14.iad>

"*any* measure the either outright prevents eligible voters from
voting"
---"Rudy Canoza" 7/19/21 More problems with articles...
[courtesy Kurt Nicklas]

"She's an excellent judge, and his criticism of Trump's truly shitty
lawyers is spot-on."
---"Rudy Canoza" 7/12/21 More gender-shifting? Hahaha.
[courtesy Kurt Nicklas]

"Nop[sic]"
--- "Bill Flett" 6/20/21 Classic Dwarfish!
[courtesy Kurt Nicklas]

"The subject line is a a ie."
---"Bill "Rudy Canoza" Flett" 7/15/21
Are you sure sure it's an "a a ie"? LOL
[courtesy Kurt Nicklas]

"a claim made by Trump or made on his
behalf, e.e.[sic] "Trump turned over control"
---"Rudy Canoza" 7/26/21 Typing with one hand again, Rudy?

"Fuck off with Delwaware. "
---"Rudy Canoza" 7/23/21 The Dwarfling discovers a new state!

"When Nazi sympathizer like you are exterminated"
---"Orni Thopter" 7/23/21 Even Rudy's socks have problems with
plurals.

"*any* measure the either outright prevents eligible voters from
voting"
---"Rudy Canoza" 7/19/21 More problems with articles...

"She's an excellent judge, and his criticism of Trump's truly shitty
lawyers is spot-on."
---"Rudy Canoza" 7/12/21 More gender-shifting? Hahaha.

"Disbar him, then ock him up."
--Another Rudy fuckup, 10/3/2021

">I don't go to lie sites like "fedearlist.""
- Rudy continues to fuck up
Thanksgiving, 2021

"Right-wingnut aggregator<sic> are the
Post by Rudy Canoza
proximate source for *all* of his so-called "news."
-Rudy, not understanding singular and plural
-Message-ID: <wltpJ.55548$***@fx41.iad>

It may take the form of "incessant, bad-faith invitations to engage
in debate".
-Rudy stupidly puts the period outside the quotation mark.
-Message-ID: <3oMqJ.64531$***@fx07.iad>

"I feel great *ever* time I remind racist white supremacist fat fucks
like you
and Hartung"
-Rudy, confusing "ever" and "every."
-Message-ID: <H1NWJ.93367$***@fx11.iad>

Any give [sic] repair *episode* might cost more,
-Rudy confusing his past participles
-Message-ID: <f0ccK.823354$***@fx10.iad>

All right-thinking persons want to see that. We want to see hundreds
of
thousands of dead Russian troop,
-Rudy, confusing his plurals again
Message-ID: <QHlgK.2483$***@fx36.iad>

We don't determine if something will working by asking voters,
especially you.
-Verbs confusing Rudy again.
Message-ID: <1sMjK.88133$***@fx13.iad>

Trum is lying, of course. He knows full well how the audits came
about: he
ordered them and got a stooge in the I.R.S. to open them.
-Rudy, typing with one hand while he misspells the resident's name
Post by Rudy Canoza
"How different would America be today if Trump were still president?"
If [sic] would be a fascist dictatorship.
-Poor Rudy doesn't even know the difference between conjunctions and
pronouns-- how can he know what "fascist" means? LOL
Message-ID: <7Rj0L.106484$***@fx38.iad>

It virtually *all* you do here is troll and swear.
-Rudy, ignoring verbs
Message-ID: <gfe3M.349222$***@fx33.iad>

Francis be stupid.
-Rudy, havng trouble with verbs again
Message-ID: <q88lM.43890$***@fx18.iad>

The only reason you don't post for an entire day is because you're
medically indisposted [sic].
-Rudy, making up new adjectives
Message-ID: <0NxtM.15604$***@fx44.iad>
Governor Swill
2025-04-27 05:26:30 UTC
Reply
Permalink
On Fri, 25 Apr 2025 15:05:19 -0000 (UTC), Baxter
Post by Baxter
Post by Governor Swill
On Thu, 24 Apr 2025 09:42:41 -0700, "max headroom"
Except they paid the principle, with interest, and still owed....
Cite?
I'll wait with you.
===========
Borrowers who have been in repayment for more than 20 years
Biden’s new plan aims to automatically cancel the undergraduate debt of
anyone who has been repaying their loans for 20 years (since July 1, 2005)
and forgive the graduate-school debt of anyone who has been in repayment
for 25 years (since July 1, 2000).
We know how it worked.

You were asked to cite cases of students paying loan principle plus
interest but still having a balance.
--
Never in the history of humanity has there ever been a civilization
that had more power and more wealth than the United States does today.

Not Rome, not Egypt, not China or the oldest, India.

The United States of America

Why aren't you magas satisfied with that?
Baxter
2025-04-27 20:05:41 UTC
Reply
Permalink
Post by Governor Swill
On Fri, 25 Apr 2025 15:05:19 -0000 (UTC), Baxter
Post by Baxter
Post by Governor Swill
On Thu, 24 Apr 2025 09:42:41 -0700, "max headroom"
Except they paid the principle, with interest, and still owed....
Cite?
I'll wait with you.
===========
Borrowers who have been in repayment for more than 20 years
Biden’s new plan aims to automatically cancel the undergraduate debt
of anyone who has been repaying their loans for 20 years (since July
1, 2005) and forgive the graduate-school debt of anyone who has been
in repayment for 25 years (since July 1, 2000).
We know how it worked.
You were asked to cite cases of students paying loan principle plus
interest but still having a balance.
Now you're just doing MAGA sematics, aren't you?

If you've been paying for 20 years, and the amount you've paid is MORE
than you originally borrowed but now your loan balance is even higher ...
can't you figure it out from there? There's bookkeeping shenanigans
going on -- simialar to shenanigans in those Subprime Mortgage bullshit.

They make these loans to unsophisiticated 18-year-olds, and the small
print lets them add any interest accumulated into the loan as principal.
So yeah, it takes the kid awhile to land a job, his loan principle keeps
growing - and the intrest along with it

Stop an ask yourself if they've been paying on their student loan for 20
years why isn't already paid off? Hell you can pay of a house mortgage
in less time than that.
Skeeter OG
2025-04-27 22:00:52 UTC
Reply
Permalink
Post by Baxter
Post by Governor Swill
On Fri, 25 Apr 2025 15:05:19 -0000 (UTC), Baxter
Post by Baxter
Post by Governor Swill
On Thu, 24 Apr 2025 09:42:41 -0700, "max headroom"
Except they paid the principle, with interest, and still owed....
Cite?
I'll wait with you.
===========
Borrowers who have been in repayment for more than 20 years
Biden?s new plan aims to automatically cancel the undergraduate debt
of anyone who has been repaying their loans for 20 years (since July
1, 2005) and forgive the graduate-school debt of anyone who has been
in repayment for 25 years (since July 1, 2000).
We know how it worked.
You were asked to cite cases of students paying loan principle plus
interest but still having a balance.
Now you're just doing MAGA sematics, aren't you?
If you've been paying for 20 years, and the amount you've paid is MORE
than you originally borrowed but now your loan balance is even higher ...
can't you figure it out from there? There's bookkeeping shenanigans
going on -- simialar to shenanigans in those Subprime Mortgage bullshit.
They make these loans to unsophisiticated 18-year-olds, and the small
print lets them add any interest accumulated into the loan as principal.
So yeah, it takes the kid awhile to land a job, his loan principle keeps
growing - and the intrest along with it
Stop an ask yourself if they've been paying on their student loan for 20
years why isn't already paid off? Hell you can pay of a house mortgage
in less time than that.
Read the small print before you sign.
Baxter
2025-04-28 00:53:53 UTC
Reply
Permalink
Post by Skeeter OG
Post by Baxter
Post by Governor Swill
On Fri, 25 Apr 2025 15:05:19 -0000 (UTC), Baxter
Post by Baxter
Post by Governor Swill
On Thu, 24 Apr 2025 09:42:41 -0700, "max headroom"
Except they paid the principle, with interest, and still owed....
Cite?
I'll wait with you.
===========
Borrowers who have been in repayment for more than 20 years
Biden?s new plan aims to automatically cancel the undergraduate
debt of anyone who has been repaying their loans for 20 years
(since July 1, 2005) and forgive the graduate-school debt of anyone
who has been in repayment for 25 years (since July 1, 2000).
We know how it worked.
You were asked to cite cases of students paying loan principle plus
interest but still having a balance.
Now you're just doing MAGA sematics, aren't you?
If you've been paying for 20 years, and the amount you've paid is
MORE than you originally borrowed but now your loan balance is even
higher ... can't you figure it out from there? There's bookkeeping
shenanigans going on -- simialar to shenanigans in those Subprime
Mortgage bullshit.
They make these loans to unsophisiticated 18-year-olds, and the small
print lets them add any interest accumulated into the loan as
principal. So yeah, it takes the kid awhile to land a job, his loan
principle keeps growing - and the intrest along with it
Stop an ask yourself if they've been paying on their student loan for
20 years why isn't already paid off? Hell you can pay of a house
mortgage in less time than that.
Read the small print before you sign.
Conservaturds always blame the victim.

Did you read the small print before you voted for tRump?
Governor Swill
2025-04-28 14:42:27 UTC
Reply
Permalink
On Sun, 27 Apr 2025 20:05:41 -0000 (UTC), Baxter
Post by Baxter
Now you're just doing MAGA sematics, aren't you?
If you've been paying for 20 years, and the amount you've paid is MORE
than you originally borrowed but now your loan balance is even higher ...
can't you figure it out from there? There's bookkeeping shenanigans
going on -- simialar to shenanigans in those Subprime Mortgage bullshit.
We know all this. You were asked to document individuals in this
situation. It's taken you a while to get *this* firmed up in your
cites.

Have your cites ready and carefully construct your language so as not
to be misconstrued.
--
In just seven years, the Clinton Administration shrank
the federal workforce by 426,000,
consolidated 800 agencies
and eliminated 640,000 pages of rules.
Baxter
2025-04-28 15:26:11 UTC
Reply
Permalink
Post by Governor Swill
On Sun, 27 Apr 2025 20:05:41 -0000 (UTC), Baxter
Post by Baxter
Now you're just doing MAGA sematics, aren't you?
If you've been paying for 20 years, and the amount you've paid is MORE
than you originally borrowed but now your loan balance is even higher
... can't you figure it out from there? There's bookkeeping
shenanigans going on -- simialar to shenanigans in those Subprime
Mortgage bullshit.
We know all this. You were asked to document individuals in this
situation. It's taken you a while to get *this* firmed up in your
cites.
Have your cites ready and carefully construct your language so as not
to be misconstrued.
More important would be to talk about why Education in the US is so
expensive. Other countries it is much cheaper and some places even free.

Remember the GI Bill? Word at the time (1950's. 60's, 70's) was that a
lot of those going on the GI Bill weren't actively studying, they were
just there to collect the stipend.

Then the morbidily rich decided to make war on the Middle Class -
beginning with Reagan. Keep those students struggling so they don't
protest, even after they graduate.
Governor Swill
2025-04-24 20:09:15 UTC
Reply
Permalink
Post by Yak
The only people that got screwed were the taxpayers who got stuck with
the bill for these lazy welchers who were let off the hook for repaying
on the obligations that they willingly signed on for.
Agreed. 800 Billion dollars that just vanished in a puff of smoke
into the PPP. All those businesses, loaned all that money, and all
those loans forgiven within a couple of years.
--
Eighty years of empire building and Trump is flushing it
all down the can.
Yak
2025-04-24 20:26:08 UTC
Reply
Permalink
Post by Governor Swill
Post by Yak
The only people that got screwed were the taxpayers who got stuck with
the bill for these lazy welchers who were let off the hook for repaying
on the obligations that they willingly signed on for.
Agreed. 800 Billion dollars that just vanished in a puff of smoke
into the PPP. All those businesses, loaned all that money, and all
those loans forgiven within a couple of years.
Heh, maybe there is hope for you after all.
Governor Swill
2025-04-25 05:10:45 UTC
Reply
Permalink
Post by Yak
Post by Governor Swill
Post by Yak
The only people that got screwed were the taxpayers who got stuck with
the bill for these lazy welchers who were let off the hook for repaying
on the obligations that they willingly signed on for.
Agreed. 800 Billion dollars that just vanished in a puff of smoke
into the PPP. All those businesses, loaned all that money, and all
those loans forgiven within a couple of years.
Heh, maybe there is hope for you after all.
Dude, I've been a debt hawk since Carter. You can't have forgotten
that Swill is a Debt Hawk!

The *interest* on the debt is 2.4% GDP! Defense is only 3.4%.

The problem always was, when I showed what was causing most of the
debt, you didn't like it because ...

... most of the debt comes from Republicans.

I've got quotes from Republican leadership swearing to spend away a
surplus and drive up the deficit.

Repeatedly.
--
Eighty years of empire building and Trump is flushing it
all down the can.
Yak
2025-04-25 13:01:01 UTC
Reply
Permalink
Post by Governor Swill
Post by Yak
Post by Governor Swill
Post by Yak
The only people that got screwed were the taxpayers who got stuck with
the bill for these lazy welchers who were let off the hook for repaying
on the obligations that they willingly signed on for.
Agreed. 800 Billion dollars that just vanished in a puff of smoke
into the PPP. All those businesses, loaned all that money, and all
those loans forgiven within a couple of years.
Heh, maybe there is hope for you after all.
Dude, I've been a debt hawk since Carter. You can't have forgotten
that Swill is a Debt Hawk!
LOLOLOL!!!! Bwahahahahahahahah!!! Yeah...and republicans are debt hawks
too.
Post by Governor Swill
The *interest* on the debt is 2.4% GDP! Defense is only 3.4%.
The problem always was, when I showed what was causing most of the
debt, you didn't like it because ...
... most of the debt comes from Republicans.
I've got quotes from Republican leadership swearing to spend away a
surplus and drive up the deficit.
Repeatedly.
Governor Swill
2025-04-27 05:51:52 UTC
Reply
Permalink
Post by Yak
Post by Governor Swill
Post by Yak
Post by Governor Swill
Post by Yak
The only people that got screwed were the taxpayers who got stuck with
the bill for these lazy welchers who were let off the hook for repaying
on the obligations that they willingly signed on for.
Agreed. 800 Billion dollars that just vanished in a puff of smoke
into the PPP. All those businesses, loaned all that money, and all
those loans forgiven within a couple of years.
Heh, maybe there is hope for you after all.
Dude, I've been a debt hawk since Carter. You can't have forgotten
that Swill is a Debt Hawk!
LOLOLOL!!!! Bwahahahahahahahah!!! Yeah...and republicans are debt hawks
too.
Why you wanna be an ass? Especially about something we have in
common.

I've been on Usenet twenty years as Governor Swill, so don't act like
you're unaware of who I am.

When you measure debt by %growth and %GDP, it always grows faster
under Republican Administrations and especially with Republican
Houses.
--
Never in the history of humanity has there ever been a civilization
that had more power and more wealth than the United States does today.

Not Rome, not Egypt, not China or the oldest, India.

The United States of America

Why aren't you magas satisfied with that?
Yak
2025-04-28 12:40:12 UTC
Reply
Permalink
Post by Governor Swill
Post by Yak
Post by Governor Swill
Post by Yak
Post by Governor Swill
Post by Yak
The only people that got screwed were the taxpayers who got stuck with
the bill for these lazy welchers who were let off the hook for repaying
on the obligations that they willingly signed on for.
Agreed. 800 Billion dollars that just vanished in a puff of smoke
into the PPP. All those businesses, loaned all that money, and all
those loans forgiven within a couple of years.
Heh, maybe there is hope for you after all.
Dude, I've been a debt hawk since Carter. You can't have forgotten
that Swill is a Debt Hawk!
LOLOLOL!!!! Bwahahahahahahahah!!! Yeah...and republicans are debt hawks
too.
Why you wanna be an ass? Especially about something we have in
common.
I've been on Usenet twenty years as Governor Swill, so don't act like
you're unaware of who I am.
Sorry, I'm having a hard time reconciling your opposition to DOGE in
this light.
Post by Governor Swill
When you measure debt by %growth and %GDP, it always grows faster
under Republican Administrations and especially with Republican
Houses.
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