Here are some facts: Only 37% of Americans have a 4-yr college degree, only 13% have graduate degrees, and a full 56% of student loan debt is held by people who went to grad school.
Biden's plan to cancel it would be like taking money from a plumber to pay the debt of a lawyer.
— Greg Price (@greg_price11) August 23, 2022
Stella's Place 
I felt proud to pay the last installment of my student debts–MYSELF. It was a big feeling of accomplishment.
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Good for you! My daughter and her husband – who paid off their own loans – paid their son’s tuition so he wouldn’t have a loan to worry about. They are superstars! Now they have another one just starting college, and more tuition to pay.
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Like that a thousand times!!!!
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The key leftie Dem philosophy: pretend you care….
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This is from National Review, but there is a pay wall.
Many White House staffers will likely be eligible for President Biden’s newly unveiled student-loan “forgiveness” plan, which will transfer up to $10,000 in student debt from individuals making less than $125,000 to the American public.
A White House report that detailed the pay of more than 470 staffers last month showed that roughly half of current White House employees make $90,000 or less per year, with the other half making more than $100,000. More than 300 staffers on the list earn less than the $125,000 threshold.
It is not clear how many White House staffers have student-loan balances. One-in-five White House aides required to file a 2021 financial disclosure reported having student loans, according to disclosures reviewed by Bloomberg News. However, only senior or well-paid staffers have to file the disclosures, the report notes. . .
The 30 senior staffers collectively owe as much as $4.7 million, according to the report.
White House Report:
Click to access July-1-2022-Report-Final.pdf
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From Dean Arnold:
Did you know that student loans are about the only loans you can’t bankrupt out of?
Bankruptcy laws are in place to stem the sin of USERY, the sin of entrapping the vulnerable. So good first step to actually solving the “student loan crisis” might be to make them bankruptable again. Failure to do so – as well as the “solution” of the government (ie the taxpayer) paying them off – is subservient to big banks.
From Archpriest Symeon Elias:
There is yet another cynical trick involving student loans. If you work in a Cultural Marxist push job, Social services, public schools, and some other categories, every year you work, part of the Student loan is forgiven. If you start a business you owe the entire thing.
Endowments anyone??????
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Is any of this student loan debt forgiveness tied to the “Affordable” Care Act, more commonly referred to as Obamacare? I seem to recall when that legislation was passed, in the middle of the night, there was a part quietly tucked into the bill where the Fed gov. moved away from selling private lending institutions money for federally backed loans. With private lenders out of the picture there would be more loans under direct federal control.
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All I know is that this student loan forgiveness has nothing to do with legislation, but with some emergency powers at the Department of Education related to the Covid pandemic.
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