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UWMN t1_j9gcrr6 wrote

People have been spending like their loans will never come back. Those people will be FUCKED when payments come due again.

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Fit419 t1_j9hay01 wrote

I think repayments will continue to be pushed back until the next presidential election (and then used as leverage in debates). No congress person on either side wants the political fallout of being the one to bring repayments back.

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EmergencyThing5 t1_j9icchd wrote

I agree that Biden will try to push it back if the Forgiveness plan fails at the Supreme Court even if there’s a lack of legal justification for doing so; however, I don’t see how anyone can think House Republicans won’t push to end the payment pause. They literally included on their proposed list of targets for spending cuts that came out last week. Earlier this month, the majority of Congressional Republicans signed briefs advocating for the Forgiveness plan to be vacated. They are pretty vocally against it. Younger voters aren’t their base, so I don’t think they care if they screw those groups over as much.

I think Biden won’t give up the pause without making Republicans force him to. It’s kind of a waste for him to not leverage it to save something else when the debt limit fight gets underway this summer. Republicans want to sell spending cuts to their base before 2024, and this is clearly one area they could get it.

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[deleted] t1_j9isv9m wrote

I think the repayments don’t start back at all, and are also never forgiven. How I believe we get past the issue is we have our next economic meltdown, and you have the public and governments backing to completely wipe them largely away. When and what this all looks like is details I’ll never guess. But it’s on pause indefinitely because turning them back on, after three years of inflation in everything else is a non starter.

I suppose they could turn the repayments back on, all hell breaks out in 6-9 months, and they get bi-partisan support to end student loan repayments for good, all built into some “financial aid” package that winds up costing way more than just writing them off right now would be.🙄

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limpchimpblimp t1_j9i73xs wrote

The republicans want loan repayments to continue. They’re telling the functionally illiterate base the loans are a handout to the "elites".

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AbeWasHereAgain t1_j9iews0 wrote

LMFAO - why the fuck would an “elite” need a loan?

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Pepepopowa t1_j9k0vx9 wrote

‘Rich California kids getting social arts degrees’ is the main line.

Money, investment. This comment is about betting stocks.

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BrotherAmazing t1_j9i8u0s wrote

How long can they push them out? 2024? 2025? 2030??? 2050??????

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Fit419 t1_j9i9hn4 wrote

Until it is no longer politically advantageous

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PlanesFlySideways t1_j9iwsqg wrote

I believe all this time counts towards the forgiveness after 25 years if paying so let's go that far at least

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Jaie_E t1_j9hgzqn wrote

Seems like some of the republicans want to pretend to be but honestly I wouldn't be suprised if one of the republican primary candidates adopts some form of loan forgiveness just to pander to brandon's base

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ScipioAtTheGate t1_j9gsytu wrote

Loans are scheduled to come due again in July. Default rates will blast off to Mars come August!

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Idsanon t1_j9hcowp wrote

Something is telling me that this is going to get pushed out again....

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Edmeyers01 t1_j9ihus8 wrote

I doubt that - these companies want those cheap newly minted CS kids and want to throw out the 50 y/o’s.

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Moneyshot_ITF t1_j9irnzd wrote

You put fucked in all caps like they're going to prison. They will be fine

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