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Borrowers Got $127B in Student Loans Canceled

19 pointsby theoldloveover 1 year ago

5 comments

superdutyover 1 year ago
Unless the teachers and schools were required to issue refunds, debt didn’t get “cancelled”, it was shifted to those who had no part in creating or agreeing to the debt. So no, it was not “cancelled”, it was shifted to you, your friends, you mom and dad..
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gustavusover 1 year ago
For this curious it outlines various ways the loans have been discharged including<p>1. Discharging loans against colleges that have filed bankruptcy and closed<p>2. People that have taken jobs in the public service sector qualify for student loan forgiveness<p>3. Getting rid of fees and loans that were accumulated due to predatory behavior on the part of the servicers.<p>Maybe discuss the specifics rather than the generals of the article.
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h2odragonover 1 year ago
Can we get mortgage forgiveness next? Imagine what a boon that will be for the economy.
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hoppyhoppy2over 1 year ago
Gift Article link: <a href="https:&#x2F;&#x2F;www.nytimes.com&#x2F;2023&#x2F;11&#x2F;11&#x2F;business&#x2F;student-loans-debt-cancellation.html?unlocked_article_code=1.9kw.juLm.RBR8bwbiIrA5&amp;smid=url-share" rel="nofollow noreferrer">https:&#x2F;&#x2F;www.nytimes.com&#x2F;2023&#x2F;11&#x2F;11&#x2F;business&#x2F;student-loans-de...</a>
hackeraccountover 1 year ago
Why do I think that this will not lower the expectation of Universities that any future students will be able to borrow large amounts of money.