How Biden's latest student loan forgiveness differs from debt relief blocked by Supreme Court

I respectively disagree. There is too much information and details left out of this article to judge it well. It appears the intent of President Biden's policy is the same as the one struck down by the SCOTUS. It erases student debt on a massive scale that the POTUS just doesn't have the authority to do.

SFC John D. Ihave to agree with SFC (Join to see). I think this is just an attempt at an end around of the Supreme Court decision by Biden. I hopeit gets squashed too.

LTC Trent Klug SFC (Join to see) - I agree with both of you. As I said, it 'sounds' good, but when you look at what was added and what it does (https://studentaid.gov/announcements-events/idr-account-adjustment) it "sounds like an attempt at another end-run and just like his last end-run attempt"

Good points CPT Jack Durish! Back I the day, I borrowed 1k x 3 years @7% interest for my first degree. I didn’t need it for the 4th year because I was an instate student at that point. I did receive a 2k grant from NC for my nursing degree. I didn’t work 3 years in NC so I had to pay it back.
Understanding the cost of higher education, I opened UGMA accounts for my sons after they were born. Both got Hope Scholarships in GA, plus one had soccer scholarships. I payed their incidentals, they graduated with no debt and a nice bankroll in their accounts to start life. When each of my grandkids were born I opened UGMA accounts for each of them. It is for collage, tech school, or to get set up for beginning to be an adult.
I do feel sorry for those that got sucked into exorbitant debt, but I feel strongly that they signed the loan papers and they are responsible for repaying their debts or file for bankruptcy. I don’t feel my tax money should be used to bail these kids out. I think the universities are complicit and should help to mitigate the student debt.

Adults have to take responsibility for their actions. Sometimes they need to pay to learn. If they don't pay, they never learn.

SFC (Join to see) - Can't argue with that. Unfortunately, Biden (or whomever is pulling his strings) is using this issue to garner a voting block and couldn't care less about the fairness, decency, or lawfulness of their proposals

I wonder if requiring colleges to fund at least half of whatever they are charging for a degree would lead to reforms on the cost of education. At a minimum it might cut down on the '$60k for a gender studies' degrees.

"Choosing a major that has zero real world applicability and basically zero income potential isn't a problem that needs to be charged to the taxpayer."

You're basing this judgement of the degrees of people who you know nothing about on...what?

You know what more than half of degrees are in? Health professions, business, engineering, law enforcement/homeland security/firefighting, and computer sciences. You know what the remaining less-than-half of degrees includes? Hard sciences, law, maths, and other degrees of the sort that pretty much nobody labels as useless or having "zero real world applicability and basically zero income potential". A small minority are degrees earned in any given year are the sort of degrees that people deride as "basket weaving".

"If our education system would stop creating activists in High School, they might actually choose a path that leads them to a successful career and an income that would allow them to pay back their loans. But... that isn't the case currently. We have grown a generation, now a second wave, of children/young adults that found their passion for activist causes in high school or earlier. They follow that passion to college, where there are a lot of others who share that passion."

So, which parts of the following oaths did you simply move your lips to when you joined and while you were in and how much of either did you complain in your echo chamber about being "woke":

1) Enlisted Oath
2) Sailor's Creed

After answering that question, answer this one: how much of whatever US history and civics classes that you probably took in middle school and/or high school (depending on how pokey you were/are) did you sleep through?

Decades ago when I was in middle school and high school, they were still having students read works from people like John Stuart Mill, Alexis de Tocqueville, Ralph Waldo Emerson, and Henry David Thoreau. Being an activist was considered a characteristic that set Americans apart from many Europeans (though, there were certainly no small number of people in the US who weren't overly fond of women, Black people, Indigenous Americans, and others pressing for basic human rights during those times because, like plenty of people today, they thought that activism was a dirty word that led to things like, you know, Black people not being enslaved, women not remaining in the kitchen with black eyes, and so on). I guess they were teaching students that it's better to be oppressed and to not try to make the world better for future generations when you were in high school?

"Most of those people will be managing a Starbuck's or stocking shelves at Target, because there is no market for what they were passionate about in college after spending $100k on their education."

And who are these people again that are spending $100k on an education that gets them little more than Starbucks jobs (which, if the video of the robotic barista making a latte is any indication, won't be a job that they'll be falling back on at some point in the future)?

" That doesn't mean that they get to default on a loan that is backed by the taxpayers."

If their loan is forgiven, then they don't owe anything to default on. You either don't know what loan forgiveness means or you're intentionally using a red herring to try to make a point.

PO3 Justin Bowen - Struck a nerve, did I?
I have a daughter taking college classes this fall. I've seen the available majors and I laughed at the class schedule in front of the counselor.
The changes to the majors, and the classes that are now REQUIRED are your beloved woke BS. Gender studies, racial history, etc that have no business being taught at taxpayer expense for a major in Forensic Science, or American Sign Language.
The reason so many loans get defaulted on is that the students don't want to be indoctrinated with this woke BS. The classes don't apply to any real world situation that most of them will ever be affiliated with, but the unions decided that every major WILL have a requirement for these classes. Smart kids say, "screw it, I can make just as much without the degree" and leave school with minimal loan balances.
Those that fall into the woke trap of requirements for the classes become fully indoctrinated, and they deserve the full accountability for their loans. I don't feel sorry for a single student who has $100k loans to pay back.
I have a$350k home that is in a neighborhood that I really don't like. I made a poor choice on my area, does that mean that my choice makes the taxpayer pay off my loan? That's exactly the argument from the left on the loan forgiveness plan. We screwed up and now we don't want to pay the loans, so please big daddy government make them go away.
Hypocrites much?

PO3 Shayne Seibert - "The changes to the majors, and the classes that are now REQUIRED are your beloved woke BS. Gender studies, racial history, etc that have no business being taught at taxpayer expense for a major in Forensic Science, or American Sign Language."

Unless her major IS gender studies, it's VERY unlikely that gender studies or racial history are REQUIRED classes. They're likely OPTIONS under a CATEGORY of classes that she needs to take classes from to satisfy GenEd requirements, which exist so that graduates have a basic education from which to draw upon. Your daughter's schedule is likely a schedule that SHE chose. Guess who raised her?

"The reason so many loans get defaulted on is that the students don't want to be indoctrinated with this woke BS."

No, it's not. The reason students default is because they don't pay their bills. That's what defaulting IS. How did you get into the military without knowing how to use a dictionary (something taught in grade school)?

"The classes don't apply to any real world situation that most of them will ever be affiliated with, but the unions decided that every major WILL have a requirement for these classes."

And you know this...how?

Marine scientists studying marine mammal communications and biology draw on ideas learned about in linguistics classes and human physiology fields. Mechanical and chemical engineers REGULARLY draw on ideas from the biological sciences. Physicians and human biology researches REGULARLY draw on ideas from sociology, maths, and so on. The fact that YOU don't know anything about science or engineering is your own fault. The fact that you think human knowledge exists in and human learning is done in silos is your own fault and not at all - in the least bit - reflective or REALITY.

"Smart kids say, "screw it, I can make just as much without the degree" and leave school with minimal loan balances."

Good luck to those kids when it comes to EVER being an engineer, scientist, physician, lawyer, or business executive - or hell, a commissioned officer - without a degree. The very few examples that I'm sure you're about to try to trot out are the EXCEPTION and rare ones at that. They're going to be relegated to working in a trade - which can be good jobs when it comes to comfortably supporting a middle class family but absolutely suck when it comes to working conditions and work-life balance (I did it for fifteen years after the Navy before I moved into management - for the rest of their lives. It's no coincidence that the majority of the people I worked with and around while traveling the country were divorced on not on their first marriages. It's no coincidence that the people in the plants I would visit were miserable people and unhealthy.

"I have a $350k home that is in a neighborhood that I really don't like. I made a poor choice on my area, does that mean that my choice makes the taxpayer pay off my loan?"

Oooh, a $350k home in a neighborhood you don't like? You know what that's not analogous to? Higher ed.

You know what IS an analogy for higher ed? Secondary school. Hell, primary school as well. Why should taxpayers pay for primary schooling and secondary schooling?

Answer: because the economic benefits to society VASTLY outweigh the costs.

Actual first-world countries (this isn't one by virtually any standard of well-being) invest heavily in higher ed because they know that the long-term benefits for their economies and for the average citizen easily outweigh the cost to the public. We're physically and mentally unhealthier. Our cities are far less suitable for meeting the needs of the people living in them. We enjoy fewer legal protections from companies. We've had more school shootings than dozens of other western countries combined have over the entire history of firearms. We have fewer labor rights. Women have fewer rights. The list goes on and on and on and poor and middle class right-wingers are proud of it because right-wing billionaires have convinced them that it's in their best interest to defend the status quo and is largely the result of our lack of investment in education (millions of right-wingers are literally too dumb to know better because of the intentional lack of investment and poorly directed investment in education).

"That's exactly the argument from the left on the loan forgiveness plan."

No, it's not - and it's your own fault that you don't know that. The argument is that the economic benefits of reducing the debt load for something that should cost little to nothing out-of-pocket easily outweigh the cost of reducing debt. The argument is that a consumption-based economy (which is what we have) is likely to grow slower or shrink if people can't afford to...consume. When a significant portion of your net income goes towards serving educational debt, you're left with less to use for other things (like food, clothing, healthcare, housing, transportation, and so on). Final household discretionary consumption - roughly 40% of the US GDP - declines as non-discretionary spending goes up, which is...bad for long-term economic growth. Household spending educational debt - which is non-discretionary - crowds out household spending on other non-discretionary spending and discretionary spending as a whole.

Maybe your daughter can explain all of this to you in simpler terms once as she goes through college.

PO3 Justin Bowen - Since you've invested some time in this:
Women have fewer rights. The list goes on and on and on and poor and middle class right-wingers are proud of it because right-wing billionaires have convinced them that it's in their best interest to defend the status quo and is largely the result of our lack of investment in education (millions of right-wingers are literally too dumb to know better because of the intentional lack of investment and poorly directed investment in education).
Women are losing rights because the left is deleting their normal reality. Women's sports are being infested with low T males who can't win anything in their own gender. Women's spaces, bathrooms and locker rooms are being converted to all gender spaces effectively banning women from using them.
I hate to tell you, but an education in our institutions isn't a guarantee of a successful career. Trade schools and even OJT oftentimes pays more over the career than those majors that force you to take the gender study courses just to graduate in your field. And yes, for a forensic science degree you HAVE to take a REQUIRED class every semester in some random woke course that has absolutely nothing to do with your major.

Oooh, a $350k home in a neighborhood you don't like? You know what that's not analogous to? Higher ed.
Oooh, but it is! Personal choice is a real thing. Not that you would take any personal responsibility for a choice that led you to a loss. Just like buying a house, taking out a loan for education is a risk. If you don't finish school, you are out a huge amount of money. If you complete school, you still signed your name on the dotted line to pay back the amount of the loan to the lender. There is nothing in the contract that says big daddy government will erase said debt to ease your burden, just as there is nothing in my contract that gets me out of a $1700 house payment.