• mwguy@infosec.pub
      link
      fedilink
      arrow-up
      17
      arrow-down
      39
      ·
      1 year ago

      It’s fair to also blame Biden. He gave up the ability to further push back student loan payments for some concessions to keep the government open.

      • mosiacmango@lemm.ee
        link
        fedilink
        arrow-up
        29
        arrow-down
        8
        ·
        edit-2
        1 year ago

        The 20k would have forgiven roughly 400 bil in loans. When that was shot down, Bidens admin kept quietly forgiven 5bil here, 8 bil there, which has now risen to 136bil and counting.

        It’s not the 400bil we hoped for, but 136bil forgiven is far, far more than any admin has ever done to relieve student loan debt.

        That doesnt even take into account how they doubled the minimum income limits that affect how much you have to repay on an income based plan, given a complete and free exit out of default, zero interest while making payments, retoractivly approved people who should have had them forgiven, on and on. They fixed so many bullshit aspects of repaying the debt and have gotten basically zero credit for it because its complicated and not sexy like “20k!”

        Read the fuck up on what good they have done and i think you’ll be suprised.

        • mwguy@infosec.pub
          link
          fedilink
          arrow-up
          5
          arrow-down
          6
          ·
          1 year ago

          Read the fuck up on what good they have done and i think you’ll be suprised.

          I understand what they’ve done. But Biden didn’t promise to “do something.” He promised broad forgiveness. And it was clear that many Dems were going to hold him to it. He shouldn’t be surprised he’s not getting credit for half measures, especially when he had the power to keep student loans deferred.

          • mosiacmango@lemm.ee
            link
            fedilink
            arrow-up
            4
            arrow-down
            2
            ·
            edit-2
            1 year ago

            Biden did not promise broad forgiveness on the campaign trail, he said he was open to it. He made no promise at all, much to the irritation of progressives. He stated that he agreed we should forgive 10k/person as suggested by several senators, but it wasn’t a campaign promise.

            What his admin did was 100% pushed for broad forgiveness anyway, in the only way possible. Since he couldn’t get it with a new law due to the GOP in the house and senate, he used the executive power he was granted by an earlier law, but the GOP supreme court found a flimsy excuse to stop it. How is that Biden failing?

            He did have the power to keep them deferred, but he had to give that up to prevent a ugly government shutdown. He made a concession, because in a divided government that is something you have to do to keep the government working. In basically every other regard he absolutely rolled McCarthy in that negotiation, preventing tons of fucked up thing the GOP wanted. It was a ugly choice, but the right one.

        • Fredselfish@lemmy.world
          link
          fedilink
          arrow-up
          2
          arrow-down
          4
          ·
          1 year ago

          My loan that should have been forgiven was not I blame Biden because he just shurg and moved on like it never happen. Fuck him. If not for Trump or current gop runners he get my vote.

          • DoomBot5@lemmy.world
            link
            fedilink
            English
            arrow-up
            4
            arrow-down
            2
            ·
            1 year ago

            Ah yes, the horse blinders approach. Focus on on one issue and pretend the rest of them around you don’t exist.

        • mwguy@infosec.pub
          link
          fedilink
          arrow-up
          5
          arrow-down
          4
          ·
          1 year ago

          Biden didn’t have to cave, he chose to. He said this thing that I said was a top priority for my campaign isn’t a top priority for my administration. And politically he’s going to pay a penalty to the faction of his coalition to whom forgiveness was a top priority.

          That’s what happens when you lie to gain support.

        • Garbanzo@lemmy.world
          link
          fedilink
          English
          arrow-up
          6
          arrow-down
          52
          ·
          1 year ago

          The Constitution says we pay our bills, so Biden could have told Congress to get fucked and figure it out. He’d rather keep a generation of indentured servants though, so here we are.

            • Garbanzo@lemmy.world
              link
              fedilink
              English
              arrow-up
              1
              arrow-down
              4
              ·
              1 year ago

              Nothing?

              Fourteenth Amendment, Section 4:

              The validity of the public debt of the United States, authorized by law, including debts incurred for payment of pensions and bounties for services in suppressing insurrection or rebellion, shall not be questioned.

              What the fuck is that then?

                • Garbanzo@lemmy.world
                  link
                  fedilink
                  English
                  arrow-up
                  1
                  arrow-down
                  6
                  ·
                  1 year ago

                  It has nothing to do with student debt, it’s relevant to the Republicans trying to use not paying existing obligations as a negotiating tactic. The fact that you don’t get that demonstrates you have little to add to this discussion.

          • sylver_dragon@lemmy.world
            link
            fedilink
            English
            arrow-up
            9
            arrow-down
            1
            ·
            1 year ago

            No, no it doesn’t. Feel free to quote the part you think does and I’ll be happy to explain why you are wrong. But, the US Constitution says nothing of the sort.

            • Garbanzo@lemmy.world
              link
              fedilink
              English
              arrow-up
              1
              arrow-down
              2
              ·
              1 year ago

              Fourteenth Amendment, Section 4:

              The validity of the public debt of the United States, authorized by law, including debts incurred for payment of pensions and bounties for services in suppressing insurrection or rebellion, shall not be questioned.

              Your turn, explain how I’m wrong.

              • everyone_said@lemmy.world
                link
                fedilink
                arrow-up
                3
                arrow-down
                1
                ·
                1 year ago

                Agreeing that a debt exists and agreeing to pay back a debt are two different things. The budget doesn’t argue whether the debt exists, just how and when it will be payed back. It is the difference between “Yes, I owe you $100, you’ll get it back someday.”, and “Yes, I owe you $100, and I’ve budgeted to pay you $20 a week for the next 5 week until we’re square.”

                The consitution guarantees the first part, but doesn’t help much with the second. However, without the second part everything grinds to a halt.

            • Garbanzo@lemmy.world
              link
              fedilink
              English
              arrow-up
              2
              arrow-down
              10
              ·
              1 year ago

              We tried (not really, lol) so you have to vote for us again so we can try some more (lol, we won’t really).

              -DNC

      • callouscomic@lemm.ee
        link
        fedilink
        English
        arrow-up
        1
        ·
        1 year ago

        And for this fiscal year, they STILL don’t have a federal budget, over a quarter of the way in.

  • numberfour002@lemmy.world
    link
    fedilink
    arrow-up
    17
    ·
    1 year ago

    I mentioned this before, but if you’re running into issues with your student loan servicer (in the USA), you should submit a complaint here: https://studentaid.gov/feedback-center/. At a minimum, my experience was that submitting the complaint was quick and easy.

    Some of these student loan companies are lying to borrowers, screwing up basic financial transactions, delaying payment processing, and generally operating in bad faith and in adversarial fashion. Making complaints may not do much of anything in the immediate sense, but in theory when enough complaints get recorded, eventually it will reach a point where it can’t be ignored (I know, you’ve got a bridge to sell me).

    Plus, if it ever does come down to some kind of remedy being provided to affected borrowers, having an official complaint on file will probably help you with making a claim.

    Having said that, it seems like the complaint system is overall pretty crumby. My complaint was sent directly over to the loan company’s customer service folks to handle, it wasn’t handled by anybody on the government side that I could tell. And no surprise, the loan company investigated itself and concluded that it had done nothing wrong. But don’t let that discourage you, it’s still worth it to report.

    • i_dont_want_to@lemmy.blahaj.zone
      link
      fedilink
      arrow-up
      6
      ·
      1 year ago

      I wish I knew that three years ago. I had a Perkins loan with Heartland ECSI. At the beginning of COVID, they kept screwing up how much I owed them. I would log in a few days before payment should have been due, and it said I owed them $0. So I thought this loan was on the same thing my Stafford loans were on, where I owed no payment temporarily due to COVID.

      I log in a few days later then it says I owe my normal payment + late fee and it says I am overdue. I call their customer service and I explain the situation. The lady seemed to not believe me. “No, it says you owe X amount. I would not have said 0.” Given that I caught this fast enough, if I paid it now it wouldn’t have affected my credit. I just paid the payment plus the small fee because I did not have the energy to fight due to dealing with the world’s crisis and my own added problems at home.

      The next month, I see that it says I owe nothing again. Well, maybe they finally got the student loan pause stuff figured out. Nope, same thing. Not knowing if I was just going nuts, and factoring in my intense burnout, I just paid off the whole thing. Fortunately it was not much, but enough that my savings for a down payment was wiped out. I really could have used that money but for a finance company to just screw up so badly on a simple thing I just did not want anything to do with them any more.

      • numberfour002@lemmy.world
        link
        fedilink
        arrow-up
        2
        ·
        1 year ago

        Gotta fight the system somehow. I just hope others see this, report issues, and share the link/info with others. Maybe next time you see a post or discussion about USA student loans, you’ll share the link as well.

        I’m fortunate enough that all the fucked up shit that my student loan servicer did wasn’t going to break me, but plenty of others are in situations where it could have had significant negative impacts. Even 5 years ago, if they’d have pulled the same stunt it would have been tough to adapt. So, that’s part of the reason why I like to share that link and encourage folks to use it.

        • i_dont_want_to@lemmy.blahaj.zone
          link
          fedilink
          arrow-up
          1
          ·
          1 year ago

          Most definitely, will spread the word when appropriate. I want to hope it will do some good, but I have my doubts. I figure the worst that could happen making a report would just be a small waste of time so why not try.

      • DoomBot5@lemmy.world
        link
        fedilink
        English
        arrow-up
        3
        arrow-down
        1
        ·
        1 year ago

        It’s too late for that situation, but in the future take screenshots. They can serve as some proof of what you saw.

  • indepndnt@lemmy.world
    link
    fedilink
    arrow-up
    4
    ·
    1 year ago

    Student loan servicers make banks look good.

    And banks are generally evil. But at least they can follow an amortization schedule.

  • Linkerbaan@lemmy.world
    link
    fedilink
    arrow-up
    11
    arrow-down
    11
    ·
    1 year ago

    Biden: “Vote for me imma get rid of those student loans 100% no cap on a stack”

    Biden after he becomes president : “jk lmao darn republicans amirite?”

  • Blackout@kbin.social
    link
    fedilink
    arrow-up
    3
    arrow-down
    6
    ·
    1 year ago

    They could send me a bill but I have to keep relocating my box to prevent the cops from beating me up. Shouldn’t have went for that PhD 😔