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this post was submitted on 23 Aug 2023
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the_dunk_tank
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It's the dunk tank.
This is where you come to post big-brained hot takes by chuds, libs, or even fellow leftists, and tear them to itty-bitty pieces with precision dunkstrikes.
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I was listening to NPR today and some dipshit said it was a "Debt cancellation plan" then the idiot interviewer asked "But they still have to pay it all back right?" Dipshit said "Yes but with less interest so it's still fulfilling Biden's promise."
I literally fucking screamed in my car. I have almost been killed by some drivers before but THIS is what caused me to flip my shit. I was so mad that I didn't even feel bad when someone gave me a glare.
you don't have to pay it all back. you pay for 20 or 25 years (less if you are in a qualify public sector), and the remainder is forgiven.
this is good.
40 year olds look at a 20-25 year repayment plan
federal loans forgiven after 20 years of qualifying payments [and 10 years after qualifying public service] has been the "deal" since at least 2010. except the department of education and the loan servicers have completely shit the bed at actually tracking and forgiving them when someone submits all the correct paperwork up until, supposedly, this exact moment.
i understand that, i was clarifying that the interviewee was being very stupid (especially given that this "forgiveness" has been part of the status quo).