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I now owe 3x what I originally borrowed in student loans, and now my paychecks are being garnished to repay the debt. What can I do?


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2022 Mar 22, 6:03am   17,582 views  113 comments

by Al_Sharpton_for_President   ➕follow (5)   💰tip   ignore  

Question: My student loans are over ten years old, I’m not working in the field I have the degree in, and one of the schools has closed. I can’t afford to retire – I’m 67 years old and can’t live on Social Security alone. I have paid and had garnishment against me and now it’s three times what I borrowed. I’m expected to pay $600 a month. I can’t afford to feed myself. What can I do?

Answer: Borrowers with less-than-perfect credit records face challenges while climbing out of debt, and they can get steeper when you’re older because income tends to plateau.

Pros offer steps to help you navigate:

1. Declare yourself a Western turning country that is under attack from Russia, and apply for USG funding.

2. Declare yourslf an underwater investment bank, and apply for USG bailouts.

3. Two words - BLM franchise.

4. Sell a kidney.

https://www.marketwatch.com/picks/im-67-and-my-student-loans-are-being-garnished-from-my-paychecks-i-now-owe-3x-what-i-borrowed-and-am-struggling-to-make-ends-meet-what-can-i-do-01647627323?siteid=yhoof2&source=patrick.net


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72   Bd6r   2022 Aug 27, 1:35pm  

HeadSet says

Why not give a $10,000 credit to all who went to college in the last x years? True, neither loan forgiveness nor credit is a good idea (moral hazard), but at least the credit would be fairer.

Becuase that would make some sense and would not punish people who are responsible...DUH
73   Bd6r   2022 Aug 27, 1:37pm  

In general, this just makes me want to puke. They bailed out sociology and wammins studies majors at expense of engineers and plumbers.
74   Patrick   2022 Aug 27, 5:14pm  

On top of being a flagrant abuse of power and unfair to those who did the right thing, it's probably not even effective at buying votes.

The sociology and wammins studies majors will always vote for Democrats anyway, at least until repeated boosters kill them off.
75   HeadSet   2022 Aug 27, 6:39pm  

Patrick says

On top of being a flagrant abuse of power and unfair to those who did the right thing, it's probably not even effective at buying votes.

The sociology and wammins studies majors will always vote for Democrats anyway, at least until repeated boosters kill them off.

The government takeover of student loans by Obama was to create a wild card that could be used to buy votes at a critical time in the future. True, those sociology majors vote Dem when they do vote, but since this is not a Presidential year and the economy is so bad, these people may have sat out this election. This $10k loan forgiveness will motivate the borrowers to get out and vote, hoping that re-electing a Dem means more loan forgiveness in the future.
76   Patrick   2022 Aug 27, 11:20pm  

BTW, isn't Congress in control of budgets, and not the president?
77   HeadSet   2022 Aug 28, 10:33am  

Patrick says

BTW, isn't Congress in control of budgets, and not the president?

Next you will be saying that we cannot attack another country without Congress declaring war.
81   Patrick   2022 Aug 30, 3:06pm  

https://slaynews.com/economy/black-swan-author-says-colleges-not-taxpayers-should-pay-for-bidens-student-loan-wipeout/


Economist Nassim Nicholas Taleb has criticized President Joe Biden’s controversial student loan debt forgiveness plan.

Taleb, the author of the bestselling book “The Black Swan” which deals with the extreme impact of rare events, argues that colleges should foot the bill for the scheme and not U.S. taxpayers.
82   Patrick   2022 Aug 30, 3:19pm  



https://ground.news/ points out that absolute zero media on the left give a shit about who is going to pay for all those transgender studies degrees.
87   Blue   2022 Sep 5, 11:59am  

Student loans is left version of ppp from the right. Both are corrupt.
93   HeadSet   2022 Sep 5, 6:01pm  

Patrick says







Which is why Trump wanted to tax endowments that were sitting and not being used to aid students.
95   Patrick   2022 Sep 30, 10:42am  

https://www.dailymail.co.uk/news/article-11264087/Biden-administration-scales-student-debt-relief-MILLIONS.html


The Biden administration quietly announced a change in its student debt forgiveness program on Thursday that could exclude up to 4 million borrowers with loans owned or backed by private companies.

The u-turn by the federal government comes after the first legal challenges were filed to the policy and following criticism of the huge costs to taxpayers. Critics also claimed the plan is an illegal use of President Joe Biden's executive power.

The Education Department announced that privately-held loans won't qualify for the relief plan, which the Congressional Budget Office said earlier this week could cost $400billion over a decade.

The scale back on Perkins and Federal Family Education Loans - which are bank loans backed by federal guarantees - is over concerns the companies could challenge the Biden administration in court, Politico reported.
97   Patrick   2022 Oct 12, 11:59am  

https://townhall.com/tipsheet/spencerbrown/2022/10/11/bidens-student-debt-bailout-plan-ripe-for-fraud-n2614371


Biden Student Debt Bailout Won't Require 'Supporting Documents' to Prove Eligibility
98   zzyzzx   2022 Oct 12, 3:16pm  

Patrick says

https://townhall.com/tipsheet/spencerbrown/2022/10/11/bidens-student-debt-bailout-plan-ripe-for-fraud-n2614371



Biden Student Debt Bailout Won't Require 'Supporting Documents' to Prove Eligibility



So it's free money for anyone who asks for it!
99   FortwayeAsFuckJoeBiden   2022 Oct 12, 5:00pm  

zzyzzx says

Patrick says


https://townhall.com/tipsheet/spencerbrown/2022/10/11/bidens-student-debt-bailout-plan-ripe-for-fraud-n2614371




Biden Student Debt Bailout Won't Require 'Supporting Documents' to Prove Eligibility




So it's free money for anyone who asks for it!


how do i apply?
100   Hircus   2022 Oct 12, 5:16pm  

zzyzzx says

Patrick says


https://townhall.com/tipsheet/spencerbrown/2022/10/11/bidens-student-debt-bailout-plan-ripe-for-fraud-n2614371




Biden Student Debt Bailout Won't Require 'Supporting Documents' to Prove Eligibility




So it's free money for anyone who asks for it!


documents are racist.
101   Patrick   2022 Oct 12, 10:48pm  

zzyzzx says

So it's free money for anyone who asks for it!


This feels a lot like the Wuhan Virus "relief" money.
102   Misc   2022 Oct 12, 11:02pm  

Patrick says

zzyzzx says


So it's free money for anyone who asks for it!


This feels a lot like the Wuhan Virus "relief" money.


Think of it as PPP for the poor people.
103   FortwayeAsFuckJoeBiden   2022 Oct 13, 1:29pm  

Patrick says

zzyzzx says


So it's free money for anyone who asks for it!


This feels a lot like the Wuhan Virus "relief" money.


my neighbor had 20k forgiven, no real business, more like play pretend business. so yeah it does.
106   Patrick   2022 Nov 11, 9:20pm  

https://thefederalist.com/2022/11/11/federal-court-shreds-bidens-student-loan-bailout-plan-as-a-complete-usurpation-of-power/


A federal court in Texas held that when the Biden administration established its $400 billion student-loan “forgiveness” program, it unconstitutionally exercised “legislative powers” that the U.S. Constitution vested in Congress. Thursday’s decision in Brown v. U.S. Department of Education then “vacated” the ed department’s loan-cancelation plan, rendering it legally non-existent and striking a huge blow to the Biden administration.


How convenient that it happened right after the midterms. I wonder whom they had to pay to get that scheduling.

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