My son who paid 60k in student loans in two years is wondering the same thin. Additionally, I guess it is now “social justice” for people who never went to college to help pay off the debt of those who did. Of course this will not appease the Leftists who want all student loans erased, something that most of them will directly benefit from. That is why the student loan pause in payments will likely continue so long as the Puppetmasters Administration is in power, and after they are defeated they will likely attempt to cancel all student loans among their other last minute lawless acts.
Reverse Robin Hood
- Donald R. McClarey
Donald R. McClarey
Cradle Catholic. Active in the pro-life movement since 1973. Father of three, one in Heaven, and happily married for 43 years. Small town lawyer and amateur historian. Former president of the board of directors of the local crisis pregnancy center for a decade.
My oldest is in much better shape (debt wise) than most of his cohort. They tell me that they have faithfullty made payments on undergrad debt and managed to get one loan paid off.
.
If they get part of it expunged, I’ll insist they give a very nice Christmas present to their aunt
“Reverse Robin Hood” indeed.
This is Dems being Dems: giving free stuff paid for by working Americans.
And they’re hiring 84,000 IRS agents to take it.
Took me the better part of 10 years to pay back all my student loans, which were the only reason I was able to finish my college and law school education in the then-standard seven years, even with me working kitchen jobs and two jobs each summer while in college, plus summer law clerk jobs and weekend bartending at reunions during law school. (Lawyers at reunions were lousy tippers, by the way.) My Dad, a drama and literature professor, had to retire early when the school where he taught declared bankruptcy during my sophomore year in college. My grumpy cat avatar doesn’t begin to show my irritation at the idea of canceling student “debt.” But I expect no better these days, from either the gubmint or the student grifters. Allowing the Feds and states to stick their noses into the student loan business was a huge mistake, lobbied for by the banks who were guaranteed minimal losses at taxpayer expense. Phooey.
(Lawyers at reunions were lousy tippers, by the way.)
I had a very nice waitress tell me that I was very much the exception when it came to my generosity with tips. She said that most attorneys were very tight when it came to tips, with female judges being the worst!
Colleges sure aren’t going to keep going on the basis of doing a good job– they need to be propped up to keep going like they are.
And colleges hire a lot of a certain kind of politician, or their family. :gestures at Michelle Obama and ‘community outreach’ jobs:
Textbooks are also notorious as the only part of publishing that does make money– because “everyone” needs to go to college, if that changed, so would the profit.
Publishing houses are also notable for giving massive book deals to politicians for books that go almost straight to the bargain bins, sometimes after some large number are purchased with campaign funds.
Sure looks like money laundering.
The immorality of this state sponsored theft of taxpay funds is almost beyond comment. I do note that scripture provides upon leaving this vale of tears, all actions are accounted for. A large printed reminder in the halls of congress might be appropriate.