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Comment on It's great to see a politician that's progressive and Not a Millionaire.

atomicbocks@sh.itjust.works ⁨2⁩ ⁨days⁩ ago

He also tried to restructure existing loan forgiveness programs, like the public service loan forgiveness program that I am in, to make them have shorter terms. This also lost in court eventually. My loans are still in forbearance due that that litigation, but only for a few more weeks.

I still don’t understand why the paycheck loans could be forgiven but not student loans.

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wonderingwanderer@sopuli.xyz ⁨2⁩ ⁨days⁩ ago
Because the paycheck loans were being abused by members of congress and wealthy business owners…

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anton@lemmy.blahaj.zone ⁨1⁩ ⁨day⁩ ago

I still don’t understand why the paycheck loans could be forgiven but not student loans

Let me try to steel man it (I don’t hold those opinions):
You can reposes physical assets, but not the knowledge that it supposedly worth tens of thousands.
If I was possible everyone would default the day after they leave collage.

The first one is stupid because you can’t reposes an eaten meal and burned petrol.
On the second isn’t realistic either, because not every American defaults after a medical emergency either, because they want to be credit worthy later on.

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