You can’t fault them for trying.

@fine-print

4 ай бұрын

There's plenty other shit for that

@ScarletStarManor

4 ай бұрын

Nah, we should be faulting, and making them pay for it too, the ones who were against the larger PERFECTLY FINE idea that was screwed over by them. Aka: The old people.

@MisterKazoo

4 ай бұрын

@@ScarletStarManormake them pay for their own loans. if you take it you pay it

@MadJackChurchill1312

4 ай бұрын

They didn’t try. Who borrowed less than $12,000?

@crowned-fennek

4 ай бұрын

@@MisterKazoo College Education is expected for a lot of jobs and colleges are expensive

The one in the back 😂😂😂

@kingace6186

4 ай бұрын

That's really how it be tho. You're lw jealous of them, but understand how much of celebration it is for them.

@Skrunkly_TSC

4 ай бұрын

@@kingace6186 tf you on about? I don't think blud was makin fun of that person reacting like that but rather how comical and exaggerated their reaction was plus it's a background character that a single person is doing for the short...

@Mihailo_Slavutsky

4 ай бұрын

😎👉

@justaperson8385

4 ай бұрын

I just saw them lol😂

@YD_.

4 ай бұрын

@@Skrunkly_TSClook at the other background person and you’ll understand

10 years to pay off less than 12000 dollars? What the actual fk?

@cade2555

4 ай бұрын

kinda what happens when you take student loans

@Giggl3puff

4 ай бұрын

Yep. Predatory amortization schemes and interest rates

@Ax-xo4ux

4 ай бұрын

Predatory interest rates. Wages being shit so you can only make minimum payment so in the end you end up paying double or triple what you borrowed

@joedepalo3230

4 ай бұрын

​@Ax-xo4ux If you graduated from college and made less than $80k a year, you either got a stupid, useless degree or probably should have never gone to college. I dropped out of high school and started making $100k before I would have graduated college. Now, I'm an account director for a Fortune 500 facility management company. While the people I got hired overall had college degrees in facility management. Does everything suck money-wise? Yes, but people going to college should only be going if they are passionate about it. If not, drop out and get experience.

@hiqhihihihi

4 ай бұрын

@@joedepalo3230I kinda smell cap ngl

i.e. people who had actually already *paid back what they borrowed but were getting gouged by interest

@patrickcollins2044

4 ай бұрын

Gouged?? Student loan rate has hovered around 5%-6% for some time. It's recently gone up, but it was far lower than that as well. So what do you mean gouged

@MrRezRising

4 ай бұрын

@patrickcollins2044 ​She means, eg my wife and I paid back 130k on a 90k loan over 20 years. Remember those numbers. Never missed a payment, paid more than the monthly minimum, and after 20 years they put our balance at $193,000. NOT A TYPO. Every time your debt is sold - and it will - A LOT - they add to the balance. The last institution that held our loan went out of business and could not provide ANY type of accounting. This is common and illegal. So Biden forgave it, and also 51,000 other individuals in my wife's group getting f*cked over by these popup loan companies. It is not as simple an issue moct haters want it to be. It's fraud, perpetrated on the middle class so 'financialbrahs' can make money off of us. And if youre on _their_ side...

@MrRezRising

4 ай бұрын

​@@patrickcollins2044 She means, eg my wife and I paid back 130k on a 90k loan over 20 years. Remember those numbers. Never missed a payment, paid more than the monthly minimum, and after 20 years they put our balance at $193,000. NOT A TYPO. Every time your debt is sold - and it will be sold A LOT - they add to the balance. The last institution that held our loan went out of business and could not provide ANY type of accounting. This is common and illegal, and no one answers phones, emails, or texts at those companies. So Biden forgave it, and also 51,000 other individuals in my wife's group getting f*cked over by these popup loan companies. Biden is giving REAL financial relief, not the lies that Trump fed the middle class so he could pass a tax bill that gave 85% of the relief to the 1%, because that's a fact. He did that and Biden is fixing it. It is not as simple an issue most haters want it to be. It's fraud, perpetrated on the middle class so 'financialbrahs' can make money off of us. And if youre on _their_ side...

@waitz001

4 ай бұрын

@@patrickcollins2044 yeah, but there's this trick of paying INTERE$T FIR$T, so you could end up paying FOREVER on a loan. how many times over the principal should a person have to pay? it's like house loans - the builders get paid WITH PROFIT, let's say 300k. BUT, after you pay the 900k+ mortgage, about 600k goes to banks, paper pushers, and investors. loans are ridiculous. Wall $t. riding the backs of workers is RIDICULOU$.

@anthonycory2116

4 ай бұрын

More than that because 200 for 10 years is double the threshold. They would have paid off their loans and all possible interest. This bill is a lie in a waste of paper and not even worth the ink that printed it

Is no one gonna talk about how we pressure the government but won’t pressure the colleges when they literally set the intuition price?

@user-oi2rq3bd2e

4 ай бұрын

Yeah everyone’s distracted by the debt cancellation that they don’t realize this is the main problem

@BBB-to4cc

4 ай бұрын

@@user-oi2rq3bd2e and if someone did an analysis I bet 90% of these colleges that charge crazy amounts don’t properly use the money to improve the school or campus, and therefore don’t need that much for tuition. For example I went to a college that was an offshoot of a state college and was very small but I now work with people who went to Ivy League schools and our work is no different at all. I received the same education only paying a little over $30k when many colleges charge that per semester.

@cyropox8235

4 ай бұрын

It's not the existing college's fault. It's a supply issue. There are not enough seats for everyone who wants an education. We just need more colleges.

@GummyDinosaursify

4 ай бұрын

@@cyropox8235 Man it's almost like if tuition was cheaper, they could graduate more teachers to teach classrooms.

@cyropox8235

4 ай бұрын

@@GummyDinosaursify no. If tuition was cheaper, then they'd be able to graduate the exact same amount of people because every seat is filled right now. if more people want something more than what the supply can handle, price goes up. The price doesn't need to be fixed. The supply needs to be fixed.

Oh dang. 15 people were forgiven?

@RGplays_Official

4 ай бұрын

At least people are getting help

@DrMattHH

4 ай бұрын

​@@RGplays_Official But it's not anything close to what he promised. It never is, & he's never once tried to. That's the point.

@whatswrongman

4 ай бұрын

15 too many

@iscrampad2194

4 ай бұрын

@@RGplays_OfficialNot to those who needed it the most. It’s like giving presents to rich people so you can look good but ignoring giving presents to the massive amounts of poor people.

@IzmGunner01

4 ай бұрын

@@iscrampad2194I don’t live in the US so I don’t know how things work but wouldn’t it make sense that the people borrowing less than $12,000 are the “poor” ones? Because from what I understand about loans is that you can pretty much ask for a bigger loan the more money you have, so people with low incomes aren’t the ones borrowing hundreds of thousands of dollars. Now obviously there are predatory ways for banks to drown you in debt but there are still government policies to stop that from happening.

I have a personal vendetta against this court.

@kingace6186

4 ай бұрын

You and like 75% of the country. This SCOTUS is wayyyy too out of touch.

@itsdylanjenkins

4 ай бұрын

@@kingace6186 blame republicans

@jackwilli3978

4 ай бұрын

@@kingace6186the SCOTUS is meant to uphold the constitution not cater to the majority. That’s why they are appointed not elected and serve for life.

@kingace6186

4 ай бұрын

@@itsdylanjenkins I do.

@AresTheDragon

4 ай бұрын

​@@itsdylanjenkins I blame both parties actually, Democrats didn't do enough to prevent this from happening. Republicans are evil, but Democrats are incompetent at stopping the evil, and I'm getting really tired of them just getting a pass because they're the not evil ones.

So colleges can jack up the prices even more? Cool

@stevenroshni1228

4 ай бұрын

Exactly, if student loans are so terrible people don't want to pay, we should abolish them

Other developed nations across the planet: "You guys still have student debt?"

@hughjazz2408

4 ай бұрын

Yah but those developed nations send their gifted students to the US for college

@theswitch1028

4 ай бұрын

Other developed nations: let’s go to the US for college because their colleges are way better

@TheCountess666

4 ай бұрын

​@@theswitch1028the figures i'm finding sugests that many more US students go to Europe then the other way round. 133k vs 80k.

@The_Tcat

4 ай бұрын

@@hughjazz2408 Are colleges are not better you just live in such a bubble that you think America has the best everything. Japan and China are most well known for there testing just because you live in a bubble does not mean other countries do not have good thing. Like let’s me just test you name one college in Europe.

@SalmoneTattico

4 ай бұрын

@@theswitch1028 man your colleges are at the level of an high school here in Europe

We need more trade schools. Let's be real not all of us are college material. 😊

@mollygrace3068

2 ай бұрын

Yes, and also women need to be encouraged to join trades. Teach girls at a young age how to use tools, just like boys.

@Snipergoat1

Ай бұрын

@@mollygrace3068 The one that will take it up, sure. But for the most part women don't want male dominated jobs and no it's not because they are male dominated. But yeah, any woman who has the aptitude and the desire to go into the trades should do so. Then you can join the rest of us in being pissed off at Biden for punishing people who didn't put themselves into dept. (Of course that is just another drop in the bucket of the reasons to be pissed at Joe but that is many, many different topics.)

Forgave $138 billion but couldn’t forgive one dollar of mine 🤦‍♂️

@jonasmejerpedersen4847

4 ай бұрын

Biden is so bad!!! He should just overturn US democracy and ignore a supreme court decision!!!

@miguelalejandroromerrojas4806

4 ай бұрын

Unless you're in the specific plan, Supreme Court shanked you 🤷🏼‍♂️

@alxbran

4 ай бұрын

I feel your pain 😭😭

@kylennpetersen4407

4 ай бұрын

Exactly

@ZXHZ

4 ай бұрын

You probably don’t deserve to be forgiven for a debt like that

$12k lol that’s like 1 class

@Joepser

4 ай бұрын

12K? That can pay for 2 students for a full 4 years here

Maybe the whole “giving loans out to kids, who statistically won’t use their degree for a job” should be looked into. And that should also kinda be a thing most kids are made aware of

@plaguehead7348

4 ай бұрын

Yeah that's kinda the whole reason for this mess. Rates are fixed by the goverment and there's no leeway in deciding who gets what. Plus most student loans are from master degrees. Over all, everyone should make sure college is right for them, and choose their own path, but college is pushed so heavily as the only option. It's criminal.

@wayIess

4 ай бұрын

I think the current high school generation is becoming much more aware. Sadly they're learning from gens X & millennials who have been burned by the system.

@EnterpriseC14

4 ай бұрын

Maybe we shouldn't give out subprime mortgages to families that can't afford it. Ohh wait that happened in the 90s...

@NobodySpecsh

3 ай бұрын

Its been looked into. It was deliberate move by the Nixon administration to silence student protests by a combination of expanding student loans and defundding universities.

@xaviersmith5154

3 ай бұрын

You are very much aware of it. No one tryst to hide it from you. You people just listen to what other people tell you you should or shouldn't do. That is on you.

When will an effort be made to solve the real problem, the ridiculous cost of college and universities! Loans are being forgiven but the schools already got their cut and aren't changing anything for the people still going.

@moonman239

4 ай бұрын

The real, *real* problem is employers needlessly requiring college degrees. Were it not for that, fewer people would go to college, and tuition would plummet.

Bro what are they doing in the back😂

The fluff balls on the end of the pencils are so cute

The fact that supreme court decided it's unconstitutional for the government to forgive debt it created is kind of ridiculous.

@theodoreryan7892

4 ай бұрын

No silly, it is unconstitutional for the executive branch to do it. The Congress can if they wanted to. Now go pay your loans off.

@gagefallon1566

4 ай бұрын

@@theodoreryan7892 That incorrect, go read the court statements

@theodoreryan7892

4 ай бұрын

@gagefallon1566 The court also addressed the limitations of executive authority and invoked the so-called major questions doctrine, which holds that if Congress wants to give an administrative agency the power to make. Now I'm sure that says Congress has the power, not the executive branch. That is the power of the purse to fund, levy taxes, and FORGIVE dedt.

@cyropox8235

4 ай бұрын

It kind of was. The law that Biden was invoking was not designed to be used the way he wanted it to be used. He was trying to use a legal loophole and the supreme Court called his BS. For people who want student loan forgiveness, they shouldn't be blaming the supreme Court. they should be blaming Congress for not passing a bill to enable it. Biden tried his best to force this through with legal loopholes in executive orders, but if people want something to pass, they should vote for representatives that could make it happen in every branch of government instead of asking one branch to bend the law.

@misterdark-pl3jo

4 ай бұрын

Sooo, the government forced you to get a huge loan to waste several years of your life and get a useless degree you can't make money with, or what? I don't get it

some is always better than none edit: huge political debate in the comments, just a warning

@djdavisiscool

4 ай бұрын

Hell no its not

@104daysofgaming4

4 ай бұрын

​@@djdavisiscool so you'd rather no one gets help?

@5Chaor

4 ай бұрын

​@@djdavisiscool Politics is about what you can do not what you want to do. And you keep working at it keep finding ways to help others. You will eventually get what you actually want

@DW-lb6hw

4 ай бұрын

​@@djdavisiscoolthats a crap attitude. I didnt get mine forgiven, but im happy that some others have. Stop being selfish.

@djdavisiscool

4 ай бұрын

@@104daysofgaming4 hell yeah

And yet those of us who are disabled can't get it.

@tomfitz1546

4 ай бұрын

Dont be greedy you have parking

@GustavRex

4 ай бұрын

​@@tomfitz1546I get this is obviously a joke, but that's such a hilariously wild comment to make LMAOOO

@knowallabouteyes1832

4 ай бұрын

Skill issue

@jenniferstewart6075

4 ай бұрын

Lol

@widespirit7648

4 ай бұрын

Dang, you rlly need to stand up for yourself bro

It was literally nice while it lasted because once they had a chance to rip that all away, the Supreme Court did. And then all of us with about $10-13k in debt needed to start making payments again. Effectively screwing up whatever money we intended to save.

@shanedaley6236

4 ай бұрын

Because it's tax payer money which no one signed up to pay for your debt

@uptop377

4 ай бұрын

If someone didn't go to college or take out a loan why do they have to carry ur burden? The shit Joe did was completely unconstitutional.

@redey1290

4 ай бұрын

@@shanedaley6236yeah and tax payers didn’t sign up for our money to go towards military efforts, yet here we are. I’d much rather my tax money go towards helping other citizens rather than funding an already massively bloated military budget

@shanedaley6236

4 ай бұрын

@@redey1290 or how about nether that sounds better

@zwink37

4 ай бұрын

​@@shanedaley6236I didn't sign up to have my taxes pay for the PPP loan program which had no oversight and most of the loans forgiven, but here we are.

The debt was calculated in 2022 to be 1.6 trillion. so that eliminates 0.075% of the debt?? WOWWW!!!

@Mohammed-rw3hv

4 ай бұрын

and people saying 140 billion is 140 lol

@everybodysMaster1

4 ай бұрын

Thank your supreme court yo

@user-oi2rq3bd2e

4 ай бұрын

Actually it adds to it because that’s more money that has to be printed from thin air hence no working for it and no progress being made

@davidmays8974

4 ай бұрын

Be grateful for what you get.

Student loan forgiveness of all kinds is just propping up a system of inflated costs and making it worse. Temporary fix for systemic problems in order to buy votes and maintain dependency.

@bearmotorcycle7305

4 ай бұрын

Biden's America

@user-oi2rq3bd2e

4 ай бұрын

Finally some other people are realizing this fact. Bravo

@echomjp

4 ай бұрын

It's not a solution to the problem of over-inflated tuition costs or "degree inflation" or the like. But it is a solution to the debt of millions of people who basically were scammed into the idea of college being a guaranteed way to gain a stable and good career - as it was decades ago - only to get multiple times the debt without anything to show for it as our parents did. Biden's student debt relief plan was never going to work though. The executive branch doesn't have the legal authority to forgive student loans - especially since it is an actively debated issue within congress and congress has failed for years to take action on it. This sort of thing needs a federal law - not an executive order unilaterally decided upon by a President. It's the job of congress to solve this sort of thing, just as it is the job of congress to enshrine something like the right to an abortion into law (rather than the right of the courts). I wish I had my debts relieved, personally, but it's the legal and practical duty of congress to do so - not a President. It was irresponsible for Biden to promise to forgive student loans in the first place, honestly.

@LittleBunnyKungFoo

4 ай бұрын

@@echomjp We disagree on prescriptive policy, I think, but I am very much appreciate your respect from the law and agree completely with your evaluation of the separation of powers. That is an important foundation

@hydralisk3534

4 ай бұрын

“Getting millions of people out of debt is bad actually cuz the economy” ok bro I’m sure the billionaires would spare you for being such a good bootlicker

The people in the back 😂

All they have to do is let ppl file bankruptcy on student loans. That's it. If ppl can't afford their loans then they can file

@tylerlopez2738

4 ай бұрын

If people cant afford a loan they shouldn’t take it

@irmiwolf

4 ай бұрын

@@tylerlopez2738if everyone did what you said you would have been lucky to even been born. The doctors that made sure you and your mom dont die while she pushed out your empty head racked up student debt too.

@PrincessNinja007

4 ай бұрын

​@@tylerlopez2738 So when you were a 17 year old kid you knew EXACTLY how much you'd be making in 4 years? And you were correct?

@tylerlopez2738

4 ай бұрын

@@PrincessNinja007 I did actually! I knew I wouldn’t be making enough to pay off almost 100k in loans and then have the gull to piss and moan that I made a horrible financial decision

@GummyDinosaursify

4 ай бұрын

@@tylerlopez2738 Congrats, you didn't go to college. You want a gold star? I didn't go to college either but I'm not out here shitting on people who did. Are you going to tell poor people to "stop being poor" and cancer patients to just "stop being sick and get better"?

Why the Supreme Court getting involved. Forgiving student loans is against the constitution?

@Mohammed-rw3hv

4 ай бұрын

no it's using tax money from real working people to pay some people who can't afoord to pay the thing they signed but can afford a 1500 iphone lol. leave tax money for real problems

@xrcassassin3544

4 ай бұрын

​@@Mohammed-rw3hvbuddy these were programs that existed long before Biden took office. If Republicans were really so upset about something like this why didn't they fix it when the tangerine king was in office with a super majority in both the senate and the house?

@erozyskie

4 ай бұрын

That's the argument: The Executive branch overstepped their authority as defined in the Constitution to make the forgiveness a policy. It worked, so the Biden administration has been working to provide relief through existing programs to get around the Supreme Court's ruling.

@brookegreeson2741

4 ай бұрын

@@Mohammed-rw3hvreal problems like a military budget bigger than the next 10 countries leading in military budget combined and SS programs no one under 40 is going to see a dime of!! I love that my tax money goes to those and will never come back around into my life!!

@TheInfiniteSheldon

4 ай бұрын

@@Mohammed-rw3hv "it's using tax money" No, it does not.

Please just fix the system so I can go back to school

@Mohammed-rw3hv

4 ай бұрын

be smart and get scholarships worth 7 billion dollars each year you can't grab 20k come on.

@Ttyumbra

4 ай бұрын

@@Mohammed-rw3hvso what would be the process for that?

@Mohammed-rw3hv

4 ай бұрын

@Ttyumbra so start with fasfa because I believe 2 billion went unclaimed 2022 and then go ask your financial aid office for list of scholarships they have in school or out school. Call your old high school and ask for the same thing. And with that, I got over 6k last year and 9k from the college

@gagefallon1566

4 ай бұрын

@@Mohammed-rw3hv Only pro bb players get that kind of shit

@rinconusmc

4 ай бұрын

​@Ttyumbra stop government meddling and subsidies

$12,000 and have been paying for 10 years? What in the actual hell is that?! They must be paying high ass interest.

@derekb5455

4 ай бұрын

It’s $100/mo they’re not paying. It’s government loans so the rates are between 3-8%. This is as close to paying for votes as it gets.

@Data_Science_Weekly

2 ай бұрын

Or they're paying $25 a month

the one in the back getting an email🤣🤣😂😂

Regardless of the party it’s all a scam.

140 billion is still 140 billion.

@antfbi

4 ай бұрын

When comes to war I mean defense it’s a blank check.

@King_of_69s

4 ай бұрын

So roughly 3 weeks of government spending

@uncannyvalley3190

4 ай бұрын

By the way they didn’t relive any debt at all. All they did was take away your personal debt and added it on top of the country’s 13 trillion debt pile.

@spacecats2185

4 ай бұрын

@@King_of_69smoney the government doesn’t have.

@mrgamechanger97

Ай бұрын

There are 3 important takeaways imo for this. First, any student loan debt forgiveness that means 3 digit sums staying in avg American pockets instead of sent to debt collectors is a good thing. If that means thousands of ppl needing less govt assistance or being able to buy more than just necessities, or even just save, invest, or start a new business. All of these things are good for the economy. 2. While the most effective way to achieve #1 is to wipe the debt for as many ppl as possible with the allotted money. The ppl with less than 12k in loans are probably some of the ppl that least need the relief. So that's unfortunate even if it makes practical sense. 3. We are ignoring the root problem and that's the biggest issue with the Biden administration always defaulting to this. Could you imagine if they took multiple attempts at raising the min wage. Multiple half measures on weed? Multiple attempts or even just 1 attempt at establishing a public Healthcare option like he campaigned on? As I said, it at least temporarily boosts the economy which is nice. But if we don't do anything about the unreasonable cost of higher education, 20 yrs from now we will have just as much student debt. We are just passing it on to the next generation of borrowers. Delaying the problem by wasting resources only attacking the symptoms of the root issue.

This...may or may not have been the first video I've watched where I look at the channel name and realized I was watching shorts from a news site. Which i actually think is impressive! Usually with this you'd be trapped in "how do you do, fellow kids?" hell but not this time!

I am actually surprised they are actually trying, I thought this was a fake and empty campaign promisse

Oh boy, so people who paid off their own loans get to pay off other people's loans too!

@Patriot-Eaglehead

4 ай бұрын

The billionaires can afford to foot the bill. No problem.

@user-oi2rq3bd2e

4 ай бұрын

@@Patriot-Eagleheadnot even true. 140 billion dollars is more than the billionaires combined have

@a_beeble

3 ай бұрын

​@Patriot-Eaglehead Yeah, with HARD-EARNED money right? And let's not just tax billionaires to buy votes, but let's tax the working class too! Student loan forgiveness is bull

I got my loans discharged. $74,000 because military disability.

@wayIess

4 ай бұрын

That's a really awful way of getting it forgiven. ngl. Glad to hear it's gone, but wish it was a different way.

@a_beeble

3 ай бұрын

​​@@wayIessyeah. He could have gotten a neat job, paid it off, and lived a high life! But life had other plans. Hope the guy is good now.

People who borrowed less than 12k? That's basically just community college, I go to, not even a state university and a single year is costing me more than 21!

@wayIess

4 ай бұрын

Yeah, that's what I was thinking too. 12k is an associates degree.

@clarehidalgo

3 ай бұрын

12K is like 3 years at most if you only take the subsidized loans and reject the unsubsidized loans

Okay, so around 1% of people got their student loans forgiven.

@Patriot-Eaglehead

4 ай бұрын

Better than 0 i guess...

@stevenroshni1228

4 ай бұрын

These were most people who qualified anyways because the loan terms say it's forgiven if the college lied about their career success track record

They forgave student loan debt and yall are complaining. They did it and you’re complaining. I loathe the comments here.

@bearmotorcycle7305

4 ай бұрын

Umm, something is severely wrong when only a subsect is rewarded.

@subpar_username4756

4 ай бұрын

@@bearmotorcycle7305The “something wrong” is that all the other attempts got stopped. I’m not a big fan of Biden, but I really don’t fault him for not doing much with this.

@wayIess

4 ай бұрын

I think what makes this worse and actually valid to complain about is how long the process has been to get anything. Deferments were enacted during the pandemic and kept getting pushed back with promises of forgiveness. In that time folks signed up for the relief only for the majority to receive an emailed apology that they (oopsie poopsie 🥴) got accepted by mistake. Loan repayments then finally started back up last September. It's just been a long f-ing drawn out show. At least from my perspective. A lot of people's hopes were lifted up only to be smashed.

So, hear me out, wr get rid of college tuition!

@asdfghyter

4 ай бұрын

yes, it’s so much nicer! we don’t have to pay tuition where i live. we still have student loans, but that’s just for your own daily expenses and you usually don’t need to take it if you e.g. live with your parents when studying

@MisterKazoo

4 ай бұрын

that just increased taxes. just go to community college with scholarship that’s pretty easy

@daniellaurin9566

4 ай бұрын

​@MisterKazoo scholarships, not so easy but, I totally agree that you don't need to go to out-of-state colleges

@asdfghyter

4 ай бұрын

@@MisterKazoo i prefer when everyone have equal access to university regardless of who their parents are

@randombonapartist

4 ай бұрын

@@MisterKazooheres an idea that allows us to forgive debt, and lower taxes! *cut that fatass "defense" budget*

We need new laws requiring colleges slowly reduce pay for staff, total staff count and fees every year for the next 20 years. If they want to retain their profit levels they will have to drastically improve efficiency with better tech. In general I don't want the government to get involved in how much people are paid but sometimes they have to when it gets to crisis levels. The average College Administrator in the US gets paid $176,000. This shit is insane! In the UK they get paid up to £32,000. It's a simple job so for it to be paid so highly there has to be something broken in the system. Tenured management are clearly just giving jobs to family and friends. Reduce all the salaries and require fees go down in line with them.

Crazy idea, maybe you when you go to school get a degree that can pay off the loans you take. Just maybe if you decide to borrow money assume you have to pay it off.

@KingZNIN

4 ай бұрын

Not too bright are you Jr

@Zelkata

4 ай бұрын

​@@KingZNINoohhh, a new one is it ok if i use it?

@KingZNIN

4 ай бұрын

@Zelkata no problem may I recommend going with "not to bright now are you Jr." It sounds better in my head

@wayIess

4 ай бұрын

Yes, let's look into a magical crystal ball and see how the job markets will be after 4yrs of school. God forbid ANOTHER recession hits.

I’ve removed this Chanel from my feed 4 times go away

@nevermind5657

4 ай бұрын

you keep commenting and watching so you keep getting recommended.

Can someone explain to me why are uni payments so high in america ? Here in portugal, we portuguese have public unis and we only have to pay monthly around 70€, 600€ per university year basicly (?)

@baronbrummbar8691

4 ай бұрын

one of obama´s first policy was to give students the option to take out basically infinit debt that is immune from bankruptcy - schools (and ther business partners ) saw that, jacked up the prices and gave out massive loans

@subpar_username4756

4 ай бұрын

Heh. If you think this is bad, just wait until you hear about our “healthcare” system.

@baronbrummbar8691

4 ай бұрын

@@subpar_username4756 germany has about the same system ......... just better regulated and with ~300 insurance companys (instead of 3) ------ and many of them are 0 profits and carefully build over 250 years ago by bismarck................

@bugsyseigel7592

4 ай бұрын

@@subpar_username4756 i heard it was terrible and stupid expensive without reason

@nolsterbuckr4833

4 ай бұрын

It’s because of the business model of universities. Firstly, the administrator to student ratio is way higher than it’s been some decades ago. Now tuition is priced so the Vice Dean of Underwater Basket Weaving can get his salary, among others. Universities are also donation-based on top of being partly state/federally funded. But instead of using the money to make things more affordable, they’ll just expand it on more extravagant shit like a fifth extra squash court. My undergrad university has oil fields, multiple donations from rich folks and a great income from football, but all of that apparently still isn’t enough to lower tuition costs. Cut the administration. That would be the starting point.

They said they'd remove $20,000 of my debt. All they did was put my loan repayment on hold for a year.

@gktjkytjktyjtyjtyjkf

4 ай бұрын

Blame the supreme court

Forgiving student loans just means shifting one person’s debt to all the taxpayers more broadly. “Debt Forgiveness” is basically just a propaganda term at this point.

The solution here is not to use taxpayer money to pay for other people’s debt. It should instead be making college where it’s actually affordable for the average 19-20 year old without putting them in debt for 30 years

@user-oi2rq3bd2e

4 ай бұрын

Absolutely agree. The education system has been taking advantage of the governments leniency toward student loans therefore driving costs through the roof

@subpar_username4756

4 ай бұрын

So you’re suggesting price fixing? Government intervention in the free market? I mean, I’d be in support of it, seeing as more accessible education would probably help increase economic mobility and just all around make life better, but you’re seeing how a moderate attempt at helping would go right here. Something large-scale like that would get shut down immediately.

@xaviersmith5154

3 ай бұрын

You people are insane.

@base64d

2 ай бұрын

Price fixing is literally what the UK does for university fees for domestic students, and it works extremely well. Called at 9k per year.

Not forgiven. Just pushed on the taxpayer.

@pb4922

4 ай бұрын

It should’ve gone to Israel :((

@DrMattHH

4 ай бұрын

​@@pb4922 You misspelled Palestine.

@kennyjohnston4568

4 ай бұрын

@@DrMattHHwipe both of em off the map.

@whiskeysks

4 ай бұрын

Nope.

@CannibalShinobi

4 ай бұрын

As the cost of all education should be.

“We forgave student loans” you forgave 5% of student loans and it only affected old farts. Meanwhile the rest of us who are still working haven’t seen a penny of forgiveness! A government of burdens for burdens.

@jackjames7283

Ай бұрын

did you vote for him because he promised to forgive your loan

What a gyp, one of the reasons I chose not to go to college is I was petrified of debt, now people who CHOSE to take on debt are just getting it forgiven!

@tiedeman39

4 ай бұрын

Sounds like the problem is student loans themselves, and it's a systemic issue.

@user-oi2rq3bd2e

4 ай бұрын

@@tiedeman39yeah and that means we should fix the systemic issue and not make others pay for it to solve the problem for a few people

I guess no one but me is tired of paying other people's debts and irresponsibilities? I guess not. I guess everybody believes the money from the government just drops out of the sky.

@nevermind5657

4 ай бұрын

nah, they are just gonna claim it from the loan companys.

@NEWROCK717

4 ай бұрын

@@nevermind5657yeah with tax dollars

@baylorholloway7808

4 ай бұрын

Na there just gonna claim it from the cartels

@ryanstevenson3241

4 ай бұрын

Yup, I paid for mine and my kids, and now I have to pay for all these useless people who have a useless degree. Who will then take more out to stay unemployed.

@klesko55

4 ай бұрын

You should check out the corporate welfare that has been going out for decades to the oil companies, agribusinesses, . . . Don't get me started on defense contractors.

I hope this will make Biden win and Trump lose.

@djdavisiscool

4 ай бұрын

If either of them live that long.

@janmarcosrojas8655

4 ай бұрын

None of them deserve to win but if you can’t work to pay off your student loans, you shouldn’t have been taking out loans in the first place. I understand some people have passions buttttt don’t get a degree that can’t pay you or those loans back haha

@DW-lb6hw

4 ай бұрын

​@@janmarcosrojas8655lol, yeah, forget that we were all told to take loans to get into school by our parents and teachers, regardless of aptitude or capability to repay. Man, sure is hilarious that children were tricked into 10s of thousands in debt.

@theprotagonist1311

4 ай бұрын

Unfortunately it seems unlikely he'll win. Democrats need to hedge bets on a different democrat or trump will more than likely win.

@djdavisiscool

4 ай бұрын

@@janmarcosrojas8655 Yeah, go to all those businesses that too

i didnt even realise it was looping lol

I love the people in the back bro 😂

That’s just like five people 😂😂😂

I think it would've been better if the supreme Court didnt shut down the bigger stuff they wanted to do

What if you didn’t waste my tax dollars on people who make irresponsible choices with money and instead secure the border?

@juliusdauksys2183

4 ай бұрын

The border is fine, they aren't wasting your money, stop fighting against the interests of Americans and fight corporate greed cause that's the main cause of everything

Maybe don’t spend 60k a year for a liberal arts degree and you won’t have to worry abt debt

@kingace6186

4 ай бұрын

Average engineering degrees costs 80K a year.

@MuffinCommander

4 ай бұрын

​@@kingace6186and will make your enough money to pay it back on time by yourself unlike that liberal arts degree.

@tylerfielder5582

4 ай бұрын

@@MuffinCommanderhow many liberal arts degrees do you people think are given out in a year? There is 1.7 trillion in student debt yet all that gets mentioned by republicans is “liberal art degrees” or “rich people who don’t need forgiven”. These make up MAYBE 10% of the student debt. What about teachers? They have to go to college for 4-6 years. What about cops who were required to get degrees? What about your average small town business owner who got a business degree? These make up over 60% of degrees. But like anything you only bring up the one demographic that you feel fits your narrative.

@NoName-gw9mn

4 ай бұрын

@@kingace6186 Ik, and you’ll be able to pay it back very quick the point is many people are getting the most stupid degrees and bigger schools and then want to be upset they can’t find a job and are in debt

@wayIess

4 ай бұрын

What wise words. Can you solve global warming while you're at it.

Its not all we wanted but hey, atleast some of the more at risk and drowning in interest rate people have gotten some relief.

Why did the supereme court say the govermwnt cant forgive studen load debt. If thats the case then the us goverment shoulsnt be able to just raise there debt ceiling.

@wayIess

4 ай бұрын

Lol, indeed. Welcome to the circus.

@puredog3804

Ай бұрын

Not the government, the executive. The legislature can do it but the president can't. They have to go through congress.

It doesn't disappear or fix the issue.

What about us... Too bad, so sad, vote better next time.

Lol what if we all collectively refuse to pay off our loans. They can't arrest all of us.

1. Where is the money coming from that’s paying off these loans? 2. What about the people who weren’t stupid and were able to afford there degree or made enough money in a career and where able to already pay off there loans? Should they have just done nothing and had it taken care of?

@Alexadria205

4 ай бұрын

1. That money was created by the banks out of fractional reserve banking anyways. It doesn't exist. It's just meant to bring more profits to the banks through interest payments. They would be the ones paying for it by lost profits. But don't worry, the US government will find other ways to funnel money to them through other subsidies and bailouts. You personally will not be directly paying for any forgiveness. 2. If you were able to pay your loans and become successful, you are blessed and are probably envied by those that still can't pay off their debt. They rather be you, trust me. Let's end the suffering that drags people down and prevents people from starting families and buying homes. It would be a huge boom to the economy which would benefit everyone! 3. Student loans should never have existed in the first place. Blame the big banks for lobbying the government to make them non dischargeable in bankruptcy. That's the real source of the problem! 4. Along with student loan forgiveness, public university should be made free. It only costs 40 billion dollars per year, which is a tiny fraction of the total US national budget. We would never have this issue ever again. All other developed nations do this.

Its crazy that student loans get cancelled like that. In Nordics only half of your student loan is paid by goverment if you graduate on time. So why people in US demand full pay?

The background ones are always the best 😂

A historically great economic move: not paying your debt. Certainly won’t be any consequences there.

Prioritise the doctors and teachers like... They really think they're slick

Man i was so stupid to not take a predatory loan and just wait 10 years for the government to pay the debtors instead of me

That Pog face in the back 😂😂😂

The people that are still waiting for Biden to forgive student loans are still the same people that are waiting for their 40 acres and a mule😅😅😅😅😅😅😅😅

Maybe instead of going after the debt You go after the schools for charging so much to start. Then work on the debt after so all future students dont have the massive loans..

Thanks for increasing college tuition! Now I’ll never make it past high school

Can’t wait to pay for all of them.

Oh, that’s right… a Majority of the Court can get stuffed.

y'know, we could do this a lot easier if we stopped paying so much for our "defense" budget.

@brad3378

4 ай бұрын

The GI Bill is literally part of the defense budget

@randombonapartist

4 ай бұрын

@@brad3378 i meant, like stop paying 800b on it, im fine with giving vets benefits, but 800b on defense, the usa could cut off like half of that and we still are the highest spender by a massive amount.

@MuffinCommander

4 ай бұрын

​@@randombonapartistand lose half your military competency? The us uses it large military to maintain its power and wealth, kinda hard to cut the budget on that.

@NickValentine_2287

4 ай бұрын

IIRC, almost 60% of the US defense budget is unaccounted for. I feel that external auditing is in order.

@leullakew9579

4 ай бұрын

⁠@@brad3378 Also keep in mind veterans and enlisted personnel are one of the most preyed upon populations by unaccredited and poorly accredited degree mills and predatory proprietary colleges because Department of Defense-approved GI Bill funds can go to these schools while Department of Education-approved Pell Grants, Subsidized Loans, and most other funds (generally) can’t be used to enroll in a degree mill.

Here’s what we should do; stop giving student loans to people who aren’t sure what they want to do and choose something random or don’t declare a major, stop pressuring kids who don’t want to go to college to go to college.

Am I the only person distracted by her dancing clones 😂 😅

The pens lol

I told people the last part and people called me a moron. Some guy makes a youtube short saying it and suddenly they're loved

12k in 10 years and they havent paid it back yet? Something tells me there was something sketchy going on there. Whats the rate of interest on that? Because id be willing to bet that the issue is their payments wherent even adequately covering their interest, making basically passive income for the people who own their debt.

@YourCapyBra_3Dpipesa90sspecial

2 ай бұрын

That's exactly the problem.

Its crazy that the government will help prople who chose to go into debt for no reason at all, rather than help people who are put into debt because of things out of their control.

Yaya 1.2 billion dollars worth of additional taxes

Just ban student loans. Literally don't allow any banks or institutions to offer them anymore and this shit won't happen anymore.

@jakesnake424

4 ай бұрын

No, don’t do that. Privatize student loans, and Make it possible to declare bankruptcy on student loans. That way the banks got skin in the game and are more selective on who they hand a student loan out to.

@xaviersmith5154

3 ай бұрын

And then yall will complain when no one can get a useless education.

What I'm seeing in the comments are people saying that forgiveness should be universal, but taxes will rise for everyone, which would draw ire because "Why should I pay?" The rebuttal being "If you couldn't afford the loan and therefore the degree why take it?", telling poorer individuals to just stay in their lane, essentially. I understand that degrees in gender studies or whatever or pointless, but when poorer people want to be scientists or engineers but the loans required are just too high... should they just not be? A better solution for all is just an overhaul of the entire system, which we won't see because too many people make billions off of students taking too much and people refusing to pay higher taxes for forgiveness or the overhaul at all.

aaaand who will be paying for this? fun fact, debt doesn’t just disappear!

@user-oi2rq3bd2e

4 ай бұрын

Biden said it does so that means it does

I'm not even listening i just like watching the characters on the background.

I dont care about people suffering from student loans at all and never will

@Zelkata

4 ай бұрын

ohhhh you're tough, you're so strong!

There should be no student loan forgiveness!

i remember he was talking about forgiving the student loans of some woman with a doctorate who apparently wasn't making enough to pay them herself

Great anyone who didn't go to college now has to pay part of 140billion dollars

@juliusdauksys2183

4 ай бұрын

Ok, and? You could just tax the rich

As a bonus, that debt forgiveness is treated as income by the IRS.

@geeksdo1tbetter

4 ай бұрын

Oh, thanks for the heads up

@bamby27

4 ай бұрын

It should be. It is income.

@stevenroshni1228

4 ай бұрын

​@@bamby27it's not money in the person's pocket, so counting it as income will make some people's situation worse. For example somebody owning $200k only making $40k wouldn't have the money for the tax bill

@bamby27

4 ай бұрын

@@stevenroshni1228 then maybe they should pay off their debts like everybody else not expect a handout. If they receive money to pay off a debt, it should be counted as income at the very least or it’s not fair to those people that didn’t get the same handout. The real problem is all of these measures of student loan forgiveness are just half measures. Either go back and refund everyone during the time these colleges have been gouging tuition prices, and refund everybody, or refund nobody and make everybody pay back their debt obligations. Doing anything other than a solid choice is just going to cause division.

Why are they being forgiven, just be a responsible adult and pay it back, nobody forced you to take the loan

They should have overhauled the system and made higher education cheaper.

The fact that 150k people make up 1.2 BILLION dollars is ridiculous

Minimum debt and showed responsibility by trying to pay it off normally. That is atleast something i can respect. Forgiving all student debts poses as much of a moral hazard as government bailouts.

What a ridiculous set up. Here in the UK we did have free university from 1970s-2000s but the new Labour government introduced student loans in the 2000s to help fund universities and make education better *but* they’re not this ridiculous US situation of taking out a private loan and then the government fighting over writing them off… here they just come out of your pay packet at 9% of any income above £25,000 after graduation… that way if you are doing well because of attending university you pay, but if you’re not doing so well out of it the government doesn’t charge you anything. Once you get to 40 years past graduation (or if you’ve paid off your loan, obviously) it writes off. Oh and everyone borrows a set amount for living expenses and it also covers 100% of university fees… it’s a way to increase social mobility, and invest in future generations who will then hopefully not only pay back their loan but also pay back a higher rate of tax… but if they can’t pay it back then they haven’t got to worry, no one will hound them.

@georgebrantley776

4 ай бұрын

See this flat rate system makes sense. In the US, you can choose to pay off the entire thing with your first paychecks, living off rice and beans until You're debt free, or you can pay the bare contractual minimum every year and let it snowball. And those who let it snowball are playing some sort of reverse Russian Roulette to get their snowball relieved. Most won't get that gift. And those who paid off their loans won't see a penny in compensation. Of course the general taxpayer pays for this, meaning rich people, as well as Joe Poorman who didn't go to college at all because he couldn't even afford it and didn't wanna take on a loan to begin with. It's a mess all over.

@tobeytransport2802

4 ай бұрын

@@georgebrantley776 you prefer the UK system? I personally like it too, although many of my fellow students hate it and think free university is the only good option, because you are all given all of your money for your tuition as well as a sizeable amount for living expenses (which varies based on parents income and where you choose to live (away from parents or with them) unlike the tuition fee portion) and the repayments are income based too… oh I forgot to mention that tuition fee is capped at £9250 per year because the state doesn’t want to fork out too much but foreign students often get charged double because the cap isn’t subjected to them (which is a downside of the system)… But here the debate is essentially between either keeping the current system, reforming it to make it more state funded, or scrapping it and making university “free” like in Scotland (they did so with their own parliament, imagine in the US having California make universities free, it’s the same sort of idea) Also here you can choose to pay your loan off but people usually don’t because there is no real need to do so unless you just really hate seeing Student Loan Payment 9% on your payslip every month.

"It's nice for them, but what about other people" might as well be the common cry of every single plan involving student loan forgiveness

Think of what was said: "Cancelled 1.2 BILLION DOLLARS" and this is "if they've been paying off for 10 years" That's price gouging at its finest

@Elladril

4 ай бұрын

How is it "pRiCe GoUgInG" to charge you exactly what you agreed to pay. No one, except potentially your parents, held a gun to your head and made you agree. If your parents did, then they should pay for your bad decisions, not me and my sugar baby who didn't go to college and have nothing to do with you.

@ZT1ST

4 ай бұрын

​@@Elladril5% interest, even if you argue it was small per loan, came down to $1.2 Billion in loan forgiveness...for loans of only $10 K or less. You're price gouging when those $10K loans come out to $1.2 Billion in interest payments - the food industry would love to have these kind of "Because you needed it once, it now costs you 5% for 10 more years to pay back what you paid for this food." gouging.

@Elladril

4 ай бұрын

@@ZT1STYou seem to be fixated on the fact that they forgave $1.2B in student loans all 10k or less without considering how many people it was. It was probly around 150,000 people's loans forgiven. Not really very many compared to the 45 million Americans who have student debt. The numbers aren't unreasonable at all.

@ZT1ST

4 ай бұрын

@@Elladril 150K people still puts this as a lot of interest - again, that's still price gouging. The next tier up from 100K people is 1 Million, but it's even more than that per person, in interest, building up for 10 years.

So where is the money comming from to pay for the lones ?

You cant fault them for waving around magic wands

This is why i hate the government. Instead of restricting colleges from momey grabbing we bail the rich people out by paying their debts