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Ernie Muppari posted:really the problem is that we're all just deeply sinful and don't have enough faith in the holy process to vote every sunday and donate when the collection email gets passed around What do you think the French would be doing if their government nakedly attacked students like this?
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Jul 3, 2023 12:15
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People who go into a car dealership and tell the car salesperson that they are going to buy the car no matter what before any negotiations have taken place are terrible negotiators. They already have your peaceful participation in society. They already have your vote. They already have your donations. You have already given them away for free to prove that you are a moral citizen. Why should they listen to your demands. You have no influence. You have no power as far as they are concerned. You have already given that up to prove that you better than non-voters and chuds.
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Jul 3, 2023 13:31
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Jon Pod Van Damm posted:People who go into a car dealership and tell the car salesperson that they are going to buy the car no matter what before any negotiations have taken place are terrible negotiators. This is a terrible analogy because it implies that the person going into the car dealership has the option to walk away. The car dealership knows that the person you're going to get a ride home with instead is high on meth and likely to drive you right off a bridge.
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Jul 3, 2023 13:45
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Hillary's loss sure did push the Dems further left. Yes, all the support for AOC and similar upstart firebrands. Bernie 2020
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Jul 3, 2023 13:56
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There Bias Two posted:This is a terrible analogy because it implies that the person going into the car dealership has the option to walk away. The car dealership knows that the person you're going to get a ride home with instead is high on meth and likely to drive you right off a bridge. what if you walked or took the bus or called an uber anyway for this situation I agree with lawrence o’donnell https://www.youtube.com/watch?v=FqRNnIMDkUY
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Jul 3, 2023 14:51
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kronix posted:Loans were always starting again, it was already announced Biden “gave” that away so Republicans could wave it around so we could pass the debt ceiling. While I agree with most of what you've said, I'll point out that this concession was part of a deal that included the House agreeing to not trim budgets beyond FY2022 spending limits, which the House has already reversed course on. So as far as I'm aware, this deal is defunct with the exception of the debt limit increase and Biden cannot reasonably be held to any concession he made to get the bill passed. If anything, he should feel an obligation to claw all of his concessions back immediately.
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Jul 3, 2023 15:23
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hot cocoa on the couch posted:biden is workong harder than ever. every day he wakes up and battles republicans bitterly and viciously for the rights of the American People. and you all trash talk him? hes literally done everything he can. hes used every tool in his arsenal to do what he totally wanted to do for students, and that is cancel a small portion of their debt. and guess what? hes still going to find a way to do it, even though you ungrateful fucks dont desrrve it. that's how hard joe biden works defending the American Working Man and Student, and you spit in his face. you all disgust me Amen. Biden's doing the best he can.
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Jul 3, 2023 16:09
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Serious_Cyclone posted:While I agree with most of what you've said, I'll point out that this concession was part of a deal that included the House agreeing to not trim budgets beyond FY2022 spending limits, which the House has already reversed course on. So as far as I'm aware, this deal is defunct with the exception of the debt limit increase and Biden cannot reasonably be held to any concession he made to get the bill passed. If anything, he should feel an obligation to claw all of his concessions back immediately. Sorry jack that would go against  and backtracking on your word is what Republicans do and hey fat, when they go low we go high, vote blue!
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Jul 3, 2023 16:15
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HonorableTB posted:Sorry jack that would go against Yeah, it's another component of "there's no reason to blame Biden for things that he didn't do when there are plenty of things to blame him for that he actually did, right here, right this second". There isn't much the President can do about an untethered SCOTUS operating as a rogue agency that doesn't fall into "  just dictator it!" territory, but if Biden has EO authority over the student loan pause then there's nothing stopping him from keeping the pause going at-least until the budget has been finalized and it is clear that the House kept up its end of the bargain. And not doing that is a bonafide failure of the administration.
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Jul 3, 2023 16:37
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He wanted people back in repayment at the height of the pandemic when everyone was lucky to make rent. It's no surprise that the majority of borrowers are now being herded back into the stable.
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Jul 3, 2023 17:08
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just let it all collapse already, what comes next has to be better than this poo poo if not then oh well i'll be dead and it wont matter, still a net improvement over this hell
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Jul 3, 2023 17:33
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There's at least the murmurs of organizing for a mass default strike. Not sure how I feel about that; not morally, I think it's a morally justified and good idea at this point, but pragmatically it's a huge risk, in that if it accomplishes nothing a large portion of people are going to gently caress themselves over. Very Prisoner's Dilema.
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Jul 3, 2023 17:41
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Neito posted:There's at least the murmurs of organizing for a mass default strike. Not sure how I feel about that; not morally, I think it's a morally justified and good idea at this point, but pragmatically it's a huge risk, in that if it accomplishes nothing a large portion of people are going to gently caress themselves over. Very Prisoner's Dilema. meh, if you're hosed anyway might as well do what you can to take the system with you. the thing about pragmatism is that it is only applicable when people have something to lose
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Jul 3, 2023 17:45
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Lol at the idea of defaulting on my debt in hopes everyone else is stupid enough to do the same thing AND it would have any impact whatsoever.
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Jul 3, 2023 17:54
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Neito posted:There's at least the murmurs of organizing for a mass default strike. Not sure how I feel about that; not morally, I think it's a morally justified and good idea at this point, but pragmatically it's a huge risk, in that if it accomplishes nothing a large portion of people are going to gently caress themselves over. Very Prisoner's Dilema. With the new SAVE plans coming through why not. Sure all that interest will accrue but it isn't like we are paying these dumb things off just waiting for 20 years of payments. Not that it would do anything because the government will continue to pay servicers but they do get less per loan once it hits delinquency.....
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Jul 3, 2023 18:25
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Raldikuk posted:With the new SAVE plans coming through why not. Sure all that interest will accrue but it isn't like we are paying these dumb things off just waiting for 20 years of payments. Not that it would do anything because the government will continue to pay servicers but they do get less per loan once it hits delinquency..... Lol I've been paying on student loans for ten years, I'm only halfway there to the 20 year forgiveness... Assuming it actually works and I'm eligible and isn't repealed and the government actually honors it and and and
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Jul 3, 2023 19:14
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look, guys, I just got off the phone with Joe Biden and he has promised to write a strongly worded editorial in the New York Times. He is doing all he can.
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Jul 3, 2023 19:46
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I paid my student loans off and i also live in a turbomansion
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Jul 3, 2023 19:57
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HonorableTB posted:just let it all collapse already, what comes next has to be better than this poo poo Anyone who thinks a total collapse would quickly lead to something better and not INSTANT fascism is naive. Please. Uneducated masses, aka most people, turn to fascism when things get dire, because fascism provides easy answers to scary problems, and lets people ignore that social and national problems are very complicated and without easy solutions, actually. For all the many and severe problems we experience today, it can always be way worse. The transformation to something better has to use what we have now as a foundation.
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Jul 3, 2023 22:58
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MSB3000 posted:Anyone who thinks a total collapse would quickly lead to something better and not INSTANT fascism is naive. Please. drat you really really hate poor people, what did they ever do to you?
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Jul 3, 2023 23:31
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MSB3000 posted:Anyone who thinks a total collapse would quickly lead to something better and not INSTANT fascism is naive. Please. Idk if you've noticed or not but things don't need to collapse entirely to lead to fascism because, uh, fascism is already on the rise everywhere.
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Jul 4, 2023 00:07
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collapsing will lead to fascism, participating in democracy in a way that includes more than a single choice will lead to fascism, continuing on our current path and electing democrats to lead our fascism-inclined system will lead to fascism... maybe that's really just what america is all about
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Jul 4, 2023 00:15
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Isn't Mexico also super fascist?
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Jul 4, 2023 00:34
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Maed posted:drat you really really hate poor people, what did they ever do to you? drat you must really hate poor people to automatically equate uneducated with poor, particularly when the uneducated people who are turning hardest to fascism are often middle class.
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Jul 4, 2023 00:44
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Cross posting my question from the other thread since this one seems to be active. Phone posting so sorry for the lack of formatting https://www.whitehouse.gov/briefing...loan-borrowers/ “Forgive loan balances after 10 years of payments, instead of 20 years, for borrowers with original loan balances of $12,000 or less. The Department estimates that this reform will allow nearly all community college borrowers to be debt-free within 10 years” So does this mean, no matter how low I bring down my balance (15k currently), I’ll never get my loans automatically forgiven based on time because they were above 12k at some point? My first federal loan was dispensed in 2014, last in 2017, so I’m curious what it all means, or if I’m being too hopeful here.
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Jul 4, 2023 00:57
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LanceHunter posted:drat you must really hate poor people to automatically equate uneducated with poor, particularly when the uneducated people who are turning hardest to fascism are often middle class. are you not aware that level of education is second only to race as one of the most influential factors in determining income and earnings potential or
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Jul 4, 2023 01:47
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whole lotta people just thoughtlessly equating certification bullshit from borderline (and frequently just plain) white supremacist institutions with education and knowledge up in this place
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Jul 4, 2023 02:03
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I’ve been trying to read through articles but some either don’t mention graduate loans or only indicate that the low income part is not applicable to graduate loans. Will grad loans be impacted by the repayment plans? I think I remember reading that what counts as discretionary income will change but my eyes are glazing over at this point.
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Jul 4, 2023 02:49
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HonorableTB posted:Idk if you've noticed or not but things don't need to collapse entirely to lead to fascism because, uh, fascism is already on the rise everywhere. Not really what I said, but okay: fascism could come quickly, slowly, or not at all. If a collapse happens tomorrow, we'd see full fascism by the end of the day. The fact it's coming slowly is better than it coming quickly; fascism is inherently unstable and the longer it takes to come the less powerful it's going to be overall. Fascists naturally eat each other, just look at Trump and DeSantis. Don't get me wrong, I 100% think things need to change drastically and soon. But wishing for a collapse is just wishing for fascism. Edit: Oh, and I'm not convinced a fascist future is a certainty anyway. Honestly that's just doomer-brained hopeless stupidity. MSB3000 fucked around with this message at 05:45 on Jul 4, 2023 |
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Jul 4, 2023 03:22
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MSB3000 posted:Uneducated masses, aka most people, turn to fascism when things get dire Not historically. Or currently. Fascism is capitalism's panicked reaction to socialism.
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Jul 5, 2023 04:26
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Student loans? Pfft.
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Jul 5, 2023 04:28
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KIT HAGS posted:I’ve been trying to read through articles but some either don’t mention graduate loans or only indicate that the low income part is not applicable to graduate loans. Will grad loans be impacted by the repayment plans? I think I remember reading that what counts as discretionary income will change but my eyes are glazing over at this point. Grad loans get all the new benefits of the IDR plans (new minimum of 225% FPL/Roughly $34k as "mandatory income" that doesn't count towards your discretionary count, the excess interest being covered, etc.), but grad loans don't get the new cap of 5% of discretionary income and are capped at 10%. If you have both grad and undergrad loans, then they do a weighted average for discretionary income percentage. Ex: - You have 50% undergrad and 50% grad = 7.5% of discretionary income. - You have 90% undergrad and 10% grad = 5.1% of discretionary income.
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Jul 5, 2023 14:21
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Leon Trotsky 2012 posted:Grad loans get all the new benefits of the IDR plans (new minimum of 225% FPL/Roughly $34k as "mandatory income" that doesn't count towards your discretionary count, the excess interest being covered, etc.), but grad loans don't get the new cap of 5% of discretionary income and are capped at 10%. If you have both grad and undergrad loans, then they do a weighted average for discretionary income percentage. What if you've consolidated grad and undergrad loans?
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Jul 5, 2023 19:19
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The Slack Lagoon posted:What if you've consolidated grad and undergrad loans? It's a weighted average of the loan balances when you consolidated.
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Jul 5, 2023 19:25
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I'm going to loan the weight of my nuts into your mouth.
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Jul 5, 2023 19:26
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Another win for never completing university
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Jul 5, 2023 19:28
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They just finalized the IDR rules and added some new details about how it works. Here's the new fact sheet with the information on the finalized rules. The payment stuff is all the same, but there are a lot of new things regarding how they calculate payments, new plans for the DoE to automatically enroll people who miss payments into IDR plans instead of defaulting, the DoE implementing a new program to automatically check your income each year and not require you to re-certify every year, and some other things. https://www2.ed.gov/policy/highered/reg/hearulemaking/2021/idrfactsheetfinal.pdf The new IDR plan is officially called the "SAVE Plan" and is fully replacing the existing REPAYE plan. They are also phasing out existing income-based repayment plans to eventually have everyone with income-based repayment plans on the new IDR/SAVE plan. Important bits: quote:Today, the U.S. Department of Education (Department) released final regulations on its new income-driven repayment (IDR) plan, which will provide student loan borrowers with the most affordable repayment plan ever. The SAVE plan will cut payments on undergraduate loans in half compared to other IDR plans, ensure that borrowers never see their balance grow as long as they keep up with their required payments, and protect more of a borrower’s income for basic needs. Under the Saving on a Valuable Education (SAVE) plan, a single borrower who makes less than $15 an hour will not have to make any payments. Borrowers earning above that amount would save more than $1,000 a year on their payments compared to other IDR plans. quote:Estimated effects of the SAVE Plan quote:For undergraduate loans, cut in half the amount that borrowers have to pay each month from 10% to 5% of discretionary income. quote:These reforms would simplify loan repayment and deliver significant savings to low- and middle-income borrowers. For example: quote:For each of these borrowers, their balances would not grow as long as they are making their monthly payments, and their remaining debt would be forgiven after they make the required number of qualifying payments.
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Jul 5, 2023 19:36
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Raiad posted:collapsing will lead to fascism, participating in democracy in a way that includes more than a single choice will lead to fascism, continuing on our current path and electing democrats to lead our fascism-inclined system will lead to fascism... Yup, fascism is a reaction to socialism, and the US fully took up the mantle of reaction from Nazi Germany after WW2. If geopolitics didn't intervene, the US would have happily been fascist itself. It had de jure apartheid until 1965 and US troops demanded apartheid be in effect in random UK pubs because they were there now, spreading freedom and democracy. Korematsu is still on the books and I fully expect that should China and the US go to war, I will be going into a camp, and I'm not even Chinese. When the Kent State shooting happened, the national guard enjoyed a 70-80% approval rating for their actions.
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Jul 5, 2023 19:36
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The IDR plan sounds great. The thing about IDR being calculated only on one spouse’s income if you file separately is nice because my wife is going for PSLF and (relatedly) makes a low salary, while I’ll just be paying off my loans regularly. If we file separately for that, should we put our kids as dependents on her return? I’ll ask an accountant, just curious if anyone has any guesses.
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Jul 6, 2023 02:58
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are we really gonna let leon get away with posting about anotehr student loan thing......
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Jul 6, 2023 03:05
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