The Education Department planned to adjust how it calculates student loan payments to correct past errors, resulting in about 804,000 people balances erased.
“The borrowers involved in the plans targeted for the new forgiveness include those with Direct Loans or Federal Family Education Loans held by the department, including Parent PLUS loans. Many of the borrowers affected are likely 50 or older. About 9.2 million borrowers fall into this category.”
No research done outside of reading the article, but this line makes it seem like it will be mostly older people benefitting. Although the 9.2M number seems pretty high to be people mostly 50+. If that is the case, it’s hardly a win for a generation most affected by student loan debt.
Steps are great and all, and I would never argue against a step in the right direction. However, at some point, we need to raise the bar of expectation on federal officials past the smallest step of advancement reasonably possible. At this point we’ve heard how “we’re taking steps towards true universal healthcare” for some voters entire lives and while many, tiny, steps of advancement have been made we’re not too much closer to the goal being sold to us.
Long ramble short, If people are content with just a step and not a solution, even an advancing step, the government will try and wait out this issue for as long as possible. It’s not unjust to demand more given their history.
I hear you. Much bigger steps are needed and hopefully the younger generations who have been priced out of housing, hit with insanely low wage growth, and took out student loans to cover much higher education costs will start to obtain benefits sooner rather than later. They deserve it.
It doesn’t help me, my wife or anyone that I personally know in my peer group. No, it’s not nothing but it’s not at all what we meant when we asked for it and it’s certainly not enough. It is just enough, however, to say “well, we tried” and add this onto their list of accomplishments for the upcoming election.
I’m getting pretty tired of having to settle for literal scraps because the Democrats “tried really hard”.
No, and I don’t really care, either. The same people tell me to “figure it out” and “that’s just the way it is”, but I’m supposed to let these guys off the hook? Republicans never seem to have to make this argument about their party, why do the Democrats time and time again have to bend the knee to these idiots…they don’t.
I’m just frustrated. I have been with my party for what seems like a long time now. It’s always the Republicans fault, and I’m just getting a little tired of hearing it.
No research done outside of reading the article, but this line makes it seem like it will be mostly older people benefitting. Although the 9.2M number seems pretty high to be people mostly 50+. If that is the case, it’s hardly a win for a generation most affected by student loan debt.
Steps are great and all, and I would never argue against a step in the right direction. However, at some point, we need to raise the bar of expectation on federal officials past the smallest step of advancement reasonably possible. At this point we’ve heard how “we’re taking steps towards true universal healthcare” for some voters entire lives and while many, tiny, steps of advancement have been made we’re not too much closer to the goal being sold to us.
Long ramble short, If people are content with just a step and not a solution, even an advancing step, the government will try and wait out this issue for as long as possible. It’s not unjust to demand more given their history.
I hear you. Much bigger steps are needed and hopefully the younger generations who have been priced out of housing, hit with insanely low wage growth, and took out student loans to cover much higher education costs will start to obtain benefits sooner rather than later. They deserve it.
It doesn’t help me, my wife or anyone that I personally know in my peer group. No, it’s not nothing but it’s not at all what we meant when we asked for it and it’s certainly not enough. It is just enough, however, to say “well, we tried” and add this onto their list of accomplishments for the upcoming election.
I’m getting pretty tired of having to settle for literal scraps because the Democrats “tried really hard”.
Are you ignoring how often they were blocked by the other party?
No, and I don’t really care, either. The same people tell me to “figure it out” and “that’s just the way it is”, but I’m supposed to let these guys off the hook? Republicans never seem to have to make this argument about their party, why do the Democrats time and time again have to bend the knee to these idiots…they don’t.
I’m just frustrated. I have been with my party for what seems like a long time now. It’s always the Republicans fault, and I’m just getting a little tired of hearing it.
What’s the excuse for not having universal healthcare in places with dem super majorities like NY state ?