Two conservative groups are asking a federal court to block the Biden administration’s plan to cancel $39 billion in student loans for more than 800,000 borrowers.

Two conservative groups are asking a federal court to block the Biden administration’s plan to cancel $39 billion in student loans for more than 800,000 borrowers.

  • RagnarokOnline
    44·
    11 months ago

    I know one generation in particular who is going to be pissed about this…

    • CmdrShepard@lemmy.one
      45·
      11 months ago

      The one who was able to afford a year of college after working a single part-time job over the summer?

      • cdipierr@lemmy.world
        26·
        11 months ago

        My genx Brother in Law loves to bring up how he had to pay for college working a pressure washing and catering job. So that’s two part-time jobs. 🙄 Of course the idea of student loan forgiveness is outrageous to him.

        • robbotlove@lemmy.world
          43·
          11 months ago

          I don’t understand why they keep doing research on curing cancer. it wouldn’t be fair to my dad who died a couple years back. just not fair at all.

          • realcaseyrollins@kbin.projectsegfau.lt
            8·
            11 months ago

            I don’t understand why they bailed out the banks in '08, it wasn’t fair to citizens who were in debt because their houses were underwater, just not fair at all.

            • foggy@lemmy.world
              11·
              11 months ago

              tbh 15 years later I wish they let the banks fail. It would have been a pretty terrible 10 years, but I think by now we’d have a functioning world better suited for today’s generations/problems.

              • afraid_of_zombies@lemmy.world
                2·
                11 months ago

                Don’t buy into the propaganda. There was never going to be a big crash. They would have taken a small hit and FDIC would have insured every deposit. The big banks had already unloaded the mortgage backed securities into pension funds.

                But but what about Lehman Brothers? Yeah what about them? The CEO alone took a +600 million dollar bonus they year it was going “bankrupt”. They can’t stay open but gave him over half a billion? I don’t think so. Bankrupt for normal people means rice for dinner for years, for the big banks it means they just don’t feel like “working” anymore.

                What should have happened is jailing the lot of them, a foreclosure freeze across the US for a year, replenishment of Pensions from AIG and Goldman and Lehman executive salaries, and finally a requirement that everyone that is to be evicted be given a court appointed attorney who has the same case load as the bank’s attorney.

        • Tacos_y_margaritas@kbin.social
          6·
          11 months ago

          I am also Gen X with 2 teenagers. My college tuition was roughly $3-5k per year. For my kids, college tuition will be $9k/year. I have no problem with student loan forgiveness. College tuition has gotten out of control and student loans are holding younger generations back.

    • TenderfootGungi@lemmy.world
      12·
      11 months ago

      Student loans do not effect the wealthy. They simply do not have student loans. For them it is a waste of tax money.

      And boomers did not need student loans because college was affordable. They believe you can still get s part time job and pay for school. So to them, quit being so lazy.

      Then we have the rich boomers that pay politicians to rage for them.