Discover and read the best of Twitter Threads about #studentloanforgiveness

Most recents (18)

#biology #iwasanenglishmajor #Lightfall #RareDiseaseDay #studentloanforgiveness #LevelUp2023 #TuesdayThoughts

"Money doesn’t buy happiness. Neither does materialism: Research shows that people who place a high value on wealth, status, and stuff are...…
#biology #iwasanenglishmajor #Lightfall #RareDiseaseDay #studentloanforgiveness #LevelUp2023 #TuesdayThoughts

...more depressed and anxious and less sociable than those who do not. Now new research shows that materialism is not just a personal problem. It’s also environmental."
#biology #iwasanenglishmajor #Lightfall #RareDiseaseDay #studentloanforgiveness #LevelUp2023 #TuesdayThoughts

"The findings have both social and personal implications, says Bodenhausen. “It’s become commonplace to use CONSUMER as a generic term for people,” in the news or...
Read 5 tweets
#biology #iwasanenglishmajor #Lightfall #RareDiseaseDay #studentloanforgiveness #LevelUp2023 #TuesdayThoughts

You just have to love articles like this. The title will tell you that the reason is "worry about recession", but there is no actual evidence...…
#biology #iwasanenglishmajor #Lightfall #RareDiseaseDay #studentloanforgiveness #LevelUp2023 #TuesdayThoughts

...that is truly the reason.

" 'Consumers MAY be showing early signs of pulling back spending in the face of high prices and rising interest rates,' said Ataman...
#biology #iwasanenglishmajor #Lightfall #RareDiseaseDay #studentloanforgiveness #LevelUp2023 #TuesdayThoughts

...Ozyildirim, senior director of economics at the board."

But we are speaking about run of the mill economists here that regularly get things wrong.
Read 12 tweets
🧵 1/
The Democratic Party needs a messaging revamp, like now. You can't tell us "Democracy itself is on the line", even when that's true, and expect to get by on this milquetoast bs. You lost the midterms to a clown show, and its getting worse.

FACT: Republican malfeasance in our nations pandemic response killed 500,000 Americans or more. They called it a chinese bioweapon but then protested and fought every measure to save lives while stuffing their pockets with tax money.

FACT: Donald Trump is a criminal who tried to overthrow the constitution in a violent coup attempt. He needs to stand trial for that, and his enablers in congress need to be REMOVED under the 14th Amendment. The excuse that "they wont let us" is trash.

Read 12 tweets
#StudentLoanForgiveness is such a horrible idea to begin with. Who gives the government authority to selectively bailout certain students.

It’s not loan forgiveness, it’s loan transfer to taxpayers who never have a say in these policies.
If your college degree isn’t worth paying for, it certainly doesn’t for the taxpayers to do so
Read 9 tweets
This is my research into the Kafkaesque user experience offered by @FAFSA when chatting with the Federal Student Aid Information Center to find out very basic contact information for an incarcerated borrower. Image
This means that unless an incarcerated borrower is at the rare prison that has approved the 1-800 number for @usedgov or there is a prison staff who helps them call, they have no way to find out basic #studentloan info like servicer or balance, even if they have outside help
People in #prison don't have internet, most prisons don't allow 1-800 calls, @FAFSA doesn't have a non 1-800 number, there's no physical mailing address, and the Federal Student Aid Information Center said they wouldn't talk to someone else, even if they had a POA
Read 4 tweets
This is for those struggling with #studentloanforgiveness because they don’t understand the data points. Only 16% of native born Blacks had a BA degree from this chart from some yrs back. If we focus on #ados it may drop well below 15%. With a chunk not qualifying due to default.
This program is targeted to galvanize the middle class of white voters. That’s not even hidden. — If you didn’t understand this and focused on one person that can get a little relief rather than the political and economic impact you’re missing the discussion.
You had 1 person try to push simulation data. You don’t have the scaling to do a simulation, nor a tweet with projections. Another said bc they target Pell Grants it’s about blacks? Beyond the raw number of grads above. Black pell grantees under $75k overrepresent in defaulted.
Read 12 tweets
This is why we push for #Reparations a 400+DEBT OWE exclusively to #ADOS(American Descendants Of Slavery) by GOV at the Federal Level.
#Biden's Student Loan Forgiveness Plan Doesn't Do Enough for Black Americans… #studentloanforgiveness
"I won’t benefit from Biden’s plan to cancel up to $10,000 of student loan debt (or up to $20,000 for Pell Grant recipients) for individuals making less than $125,000 a year."
"And though I don’t find the reasoning behind the income cap dispositive,I get the basic idea:those with higher incomes, like myself,can generally handle their loans more easily than those with lower incomes."
Read 12 tweets
🧵This thread is for those whom never had to deal w/ crippling student loan debt & may not understand why many need help. I'm glad there are folks whom had scholarships, grants, family help, wealth, etc & paid off or have zero school debt. 1/
I worked 30 hrs/wk while full-time in the Architecture program (@virginia_tech) which frowned upon having a job due to our demanding work loads/hrs. I'm not bitter about working, I'm just stating I worked hard (like many others,) yet I still have crippling student loan debt. 2/
This is the opposition I'm hearing:
"Why can't you just pay?"
"You are a deadbeat."
"I paid my debts, so should you."
"Where's my hand out?"
"You should have refinanced."
"If you couldn't afford college you shouldn't have gone." 3/
Read 15 tweets
Bernie Sanders, the man that made abolishing student debt a popular issue in US national politics.

Read his autobiography here. Available in paperback in India, published by us:

#StudentDebt #studentloanforgiveness Image
Bernie Sanders’ campaign for the presidency of the US has galvanized people all over the country, putting economic, racial, & social justice into the spotlight, & raising hopes that Americans can take their country back from the billionaires & change the course of history. Image
In this book, Sanders tells the story of a passionate and principled political life. He describes how, after cutting his teeth in the Civil Rights movement, he helped build a grassroots political movement in Vermont, making it possible for him
Read 5 tweets
Black Americans paid taxes during segregation for pools they weren't allowed to swim in, fountains they couldn't drink from and buses they had to ride in the back of. So...miss me with this "Why am I paying for school I didn't go to?" At least this is about uplift, not hate.
I wanted to clarify for the confused. I wasn’t saying that Black graduates won’t benefit from the plan but that there is precedent for taxpayers contributing to things they did not - or legally could not- benefit from.
Read 5 tweets
On the heels of #studentloanforgiveness in the US, I did some research on the #freetuition movement being pushed by leftist politicians here in Canada, and unearthed a lot of interesting facts. #cdnpoli

Sharing here in a 🧵
The average debt owed by Canadian university students upon graduation at both the bachelor's and master's level is $28,000.

For grads with a doctorate, the average is $33,000 of debt. (source:…)
Despite the @NDP's website stating: "Young people shouldn’t start out with a mountain of debt," each Canadian's individual share of *government debt* is greater than the average debt of a graduating doctoral student!
Read 12 tweets
Happening NOW!

Join @jcahealey, @EliStokols, @debbietruong & @jessica_roy for our @TwitterSpaces event on #studentloanforgiveness.

We’re answering your questions at…
@jcahealey @EliStokols @debbietruong @jessica_roy @TwitterSpaces .@EliStokols says the plan has 3 big parts:
-- Loan forgiveness
-- income-base payment cap
-- payment pause extension…

Listen now at…
Read 22 tweets
In light of today’s #studentloanforgiveness news, I am thinking about @DarrickHamilton and the many Black economists and academics who have - for nearly 20 years - made the case and connected student loan debt to wealth inequity and racial and economic justice in the U.S. 1/x
Just 6 years ago, when I was freshly new research analyst in DC, I regularly attended events where panelists not only considered student loan debt cancellation a “dumb” idea and, thus, impossible, but that the framing of student loan debt as a “crisis” was overinflated. 2/x
Needless to say, the conversation and context has changed quite a bit since then. For history’s sake, we cannot underestimate the dramatic impact the global public health and economic crises have had on leading to this outcome at this time. 3/x
Read 12 tweets
President Biden announced a #studentloanforgiveness package that will benefit 43 million Americans.

It includes capping income-based payments for undergraduate loans at 5% of the borrower's monthly income as long as they aren’t behind on payments.…
Some analysts believe that change may prove even more significant than the debt forgiveness.

Biden described his action as a matter of economic fairness that will “provide more breathing room for people” and boost America’s competitiveness.…
Income-driven repayment, as it’s called, has been in existence for some years, but just 32% of federal direct loan borrowers had enrolled in it as of last year, according to the College Board.…
Read 6 tweets
President Biden announced Wednesday that he is canceling $10,000 in student debt for individuals earning less than $125,000 annually and extending a pause on loan repayments for all borrowers through the end of the year.

People who received Pell grants to help cover the cost of college will be eligible for up to $20,000 in loan relief.

Here's a breakdown of the announcement:… Image
Lamenting that “an entire generation is now saddled with unsustainable debt” because the cost of higher education has increased so much, Biden described his action as a matter of economic fairness.…
Read 6 tweets
President Biden will announce Wednesday that he is canceling $10,000 in student debt for individuals earning less than $125,000 annually and extending a pause on loan repayments for all borrowers through the end of the year.

The president confirmed his long-awaited decision on student loan forgiveness in a tweet. People who received Pell grants to help cover the cost of college will be eligible for up to $20,000 in loan relief, Biden tweeted.…
Biden also plans to institute an income-based repayment cap that will allow borrowers to pay no more than 5% of their monthly income as long as they aren’t behind on payments — a change some analysts see as more significant than the debt forgiveness.…
Read 5 tweets
The troublesome slippery slope of forgiving debts without understanding the dire consequences of doing so is upon us. Sadly, we are headed down the road to South American populism. Venezuela 🇻🇪, Bolivia 🇧🇴, Ecuador 🇪🇨, and Argentina 🇦🇷 have caught this disease in the past..
and it’s ruined them all. Designed to generate additional votes from jobless or economically challenged voters, it has proven, time and time again, to be the road to perdition. How will this message change the behavior of student loan borrowers in the future? How do the
students that obtained jobs and dutifully repay their debts feel about this cancellation? Should we also forgive mortgages for the same income cohort? Why stop at student loans? I think the powers that be are about to learn what ‘moral hazard’ actually means. 😞
Read 4 tweets
Arguing that 1) legal case is settled that #ExecutiveBranch has right to forgive student debt.
2) need is urgent: 89% of debtors will be in financial insecurity if required payments resume.
@SenWarren makes the point that $50k forgiven would release 36m citizens completely from debt.
Read 18 tweets

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