Is Student Loan Forgiveness Actually Here?
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- čas přidán 24. 08. 2022
- Is Student Loan Forgiveness Actually Here? #shorts
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How about the multibillion Banks getting 700 Billion USD taxpayer money but we get all angry because we give the working class a break
Actually, they are giving the irresponsible class a break , which will lead to more irresponsible spending. These people that take advantage of the debt forgiveness campaign will be right back in debt by the end of the year. Far worse I might add..
@@Collins2023 so giving tax breaks to Billionaires is not irresponsible but when you give it to working class citizens it is? BTW, my brother in Christ, YOU are part of that working class
Exactly. Republicans are only happy if their CEO friends are getting bailed out. Stay out of politics Dave.
@@Collins2023 Apparently banks weren't irresponsible. Lol
@@juliarodriguez4573 Do you class a couple earning a quarter of a million dollars per year as working class? Do you realise that to be in the top 4% of earners you only have to earn $240,000. Why should the "working class" be expected to pay the loans of people in the top 4% of earners?
Stop funding bombs and tanks, instead fund struggling Americans, homelessness included.
Poor Racheal. Dave was like thats enough my turn. 🤣
Did David have the same reaction with the Forgiveness of the PPL ? 😒
But of course not. He's a partisan hack.
PPL was awarded to businesses that were forced by the government to shutdown in order to pay their employees so they wouldnt have to layoff everyone. Slightly different situation.
@@jcoyne1978 GOP lawmakers had $100,000s forgiven, but upset that a teacher has been forgiven $10,000.
@@aaronnelson1191 okay
@@aaronnelson1191 They were FORCED to close their businesses by the government. They would have preferred to keep their businesses open and never need those loans in the first place. Students voluntarily took out loans because they wanted to. There's a massive difference. Plus why should people pay off loans for a couple earning $250,000 per year. That puts them in the top 5% of earners in the country. If you're in the top 5% of earners, why should working class taxes be use to pay off your loans?
I get both sides. I paid off my loans but Im happy for those whose loans are forgiven. Paying off student loans and not having money is so stressful!!
Don't you feel like a sap... Should have waited my dude..
Horseshit
So is taking out a loan to start a business, purchase a car, buy a house, or any other type of debt that people take out voluntarily. Why should student loan be treated differently to other loans taken out?
Well you get to help pay there loans off too.
@@randytorres3760 I know right. There's nothing I like more than paying off the loans of people who make $125,000 per year. They must really be struggling. I'd rather help privileged college students than working class Americans any day 🙄
Dave ramsey: I took bankruptcy to get out of bad decisions when trying to flip houses
Also Dave Ramsey: you took out the loans you pay them off.
It's annoying that Dave gets to use the system to help himself, but then tells everyone else you cannot use the system to help you. Just struggle through your debt, even if there are outside opportunities to help you
THIS RIGHT HERE!!!!!!!! 👏🏼👏🏼👏🏼👏🏼
Michael fails to see the lack of sustainability or propriety between the issue and the solution because the solution benefits.... ONLY HIM. Shocker
@holdenmoore3303 I don't understand all of this. But, people like Michael aren't the blame for the government. He is a fan, like the rest of us. He just doesn't understand how Dave uses certain resources that benefit him and, on the other hand, dislike the resources that hurts him but help others.
This seems like the government is taking it regardless of what any of us feel. So why not let Michael have it? It's going to be used regardless of whom, it's been passed. So, why not allow it to go to a family who worked hard to get their education and now have a fresh start at no debts?
I went to the Military so my college education was free. Needless to say, his question was valid.
I'm a middle income father with a daughter finishing a degree in Computer Science. It's about time the middle class caught a break. The tax cut subsidies for the rich did absolutely nothing for me. You're just pissing on a good thing to stir the clubhouse. 🐘 🐈-nip.
No he's not. I am terribly angry about this because I worked literally day and night. Had a day job and worked nights to pay off my student loans (btw not seeing my kids in the process) That's called doing the right thing and being responsible. Dave is right here, it's wrong to ask people who paid their debt to pay for others because they are lazy. What about this logic is wrong?
@@sinclairal Congratulations on living a fairytale story with a magical ending. It's tragic that you had to pay back lenders and weren't able to use that money to spend on goods and services, the engine of our economy.
@@mikeadair6276 If you can make $120,000 and are single and haven't paid off your student loans, what have you been doing with your money???!?
Tell that to someone that came from nothing and now a middle class. Glory to God and Thanks to my hard working husband and never had help from the government and we have no debt, 3 kids and we have to help some irresponsible teens/baby adults that get into crazy amounts of debts and can’t get out… not our problem!
@@mikeadair6276 you just sound like you’re afraid of getting your hands dirty and is struggling because you want an indoor job
Her dad literally filed for bankruptcy in 1988 after failing at his job and is now big mad that those with student loans are getting some relief. Dave claims to be a Christian when the entire faith is based on someone paying a debt for you you had no hope of repaying. This kids, is what we call a hypocrite.
You're 100% correct he politicizes everything. They're both a couple of corporate mouthpieces
Very well said.
Uh no not exactly
@@natalieeubank4533 Uh...yeah. He did. This is a fact. Ramsey filed bankruptcy. 100%
@@natalieeubank4533 you’re a 🤡
So we’re happy but let me do an angry rant lol
Good I feel the same effin way!
Anyone who is happy about this doesn't see what's coming.
"I suffered so I want others to suffer too"
I work, so I expect to keep the money I earned.
Not take care of others
I agreed to pay for my education and I did as agreed because I am a reasonable and respectful and responsible human being.
@@nurse-diana so teens that get pressured into going to school to acheive their dreams and expected to pay an astronomical tuition (caused by the U.S. government and Sallie Mae) that they can never hope to repay makes them bad, disprectful people? Okay, sis.
Misery loves company analogy
Lol.
I find it truly troubling to see some individuals spout fix your life.. Where was this though process when the country was built on the backs of slaves! Let’s just save the self-righteous BS.
Fix your life, Tony. Your personal choice to take out loans for your own education is not my responsibility. And nice straw man argument.
So morons that go to college get $10,000 forgiveness but us people that was struggling during the pandemic we get 1,200 sounds about like 40 bucks
“Morons that went to college” - an idiot
A bright side of this small step of forgiving loans (I know there’s mixed emotions right now) but it’s gonna put money back into peoples pockets so they can SPENDDDD and stimulate the economy
Nonsense logic. Guess what? The burden of the forgiven student loans is passed on to you through increased taxes. Takes away from your spending power, doesn’t it?
Now just imagine what those debt free people can do with that money. I know that I never started a family because childcare is crazy expensive. These people can now buy a house start a business go back to school. It's a boom to the economy not a failure lol
Wrong! This is not how the economy works. If you take money from people (taxpayers) and pay a bunch of other peoples loans off, money just becomes less valuable which leads to more inflation. So that childcare and home will be more unaffordable. Same thing happens by raising the minimum wage.
Tell that to someone that came from nothing and now a middle class. Glory to God and Thanks to my hard working husband and never had help from the government and we have no debt and we have to help some irresponsible teens/baby adults that get into crazy amounts of debts and can’t get out… not our problem! And we have 3 Kids since age 17 and your telling me older people 17+ can’t make it?
@@Anita.. economy was better when you were younger
Nothing like rich people upset about the poor catching a break.
What about the poor people that actually paid of there student loans. Should they be paying for others ?
@@6packjesus I'm one of them actually. I'm more fortunate than most. My GI benefits covered most of my college expenses, but I had to borrow 20k to finish up. I'm not cynical about having to pay for the last little bit myself. But first of all this narrative that blue collar workers are paying for doctors and lawyers to go to college is a false dichotomy. I work in a factory with a stem degree. My loans would've been forgiven if not for the illegitimate SCOTUS. I just think it's funny that any initiative that would benefit working class people always gets labeled as socialism and turns into a big societal issue. But if it's socialism for the rich, it's just crickets.
@@JoseDiaz-rh2vp I’m about to use my gibill benefit this year and had I known I would have had my school payed for I would have chosen that path years ago. I didn’t go to college but my brothers did and payed for it/ slashed worked during school . Guess what it’s not just rich people upset tell me what u think about this crazy idea - u sign up for it and agree to pay it so u live up to it.
This negatively affects all of us by contributing to inflation and teaching people the government should fix their problems.
How do you guys justify that the people who were ABLE to pay off their loans have any right to be upset because people who didn’t have that ability are getting assistance?
That’s like saying people are upset because homeless people are being given 10,000 to get back on their feet and it’s UNFAIR to those who kept their lives together. Incredible.
It also sounds like the Ramsey's are angry because they advised graduates to pay a debt that would ultimately be forgiven. I've learned that some people's pride makes them unable to accept grace. If you can't accept grace, you're less likely to extend it to others.
It's NOT GRACE! Grace if free. Look it up. This is not "forgiveness". This is actually extortion. They are not forgiving student loans. They are using the word "forgiveness" to win votes. What they are really doing is re-assigning bad student loan debt to innocent middle-class taxpayers who did not sign for the loan nor benefit in anyway financially or educationally. Do you really think that's Grace? Now that you better understand it what is actually going on doesn't it sound like extortion? Or what would you call that?
@@nurse-diana "It's NOT GRACE! Grace if free. Look it up. This is not "forgiveness". This is actually extortion." No tax payer is asked to pay more because of a student loan debt forgiveness policy. The federal income tax you pay won't change at all because of this policy. I'm interested though to hear your take on bankruptcy protection, since creditors are actually harmed when people like Ramsey, Trump, and many others file/filed for bankruptcy protection.
@@DaveM-FFB Look up chapter 13 to educate yourself
@@nurse-diana What point are you trying to make?
@@DaveM-FFB Filing bankruptcy does not mean you get to walk out on debt. Bankruptcy helps to get the creditor the money owed. There are many people throwing judgment around about bankruptcy that apparently don’t understand what it is. That’s all I’m trying to point out. Does that clear things up for you? Seriously though, you can look up types of bankruptcy and see for yourself. Filing bankruptcy means that your debt is being re-organized so that you can get back on your feet and your creditors can still get paid. And actually if you look at Biden’s policy on student loan forgiveness it does pass the debt onto tax payers. Where are you getting your miss information?
Wow. How would u describe the housing market crash??? And maxing out a student loan at 3%.
I worked very hard and only did part time college so I would not have loans. I don’t mind if Biden wants to pay off their loans. Don’t take my money to do it!!
Let’s be real, it’s never your money
Lol😅you are going to pay it like it or not
All they did was shift the debt on to the taxpayers. More taxation. Taxation w/o representation.
Actually guys.......estimates are now around 800 Billion......not 3 billion.
How do you apply to have your student loans forgiven?
Mannnn if people aren’t up in arms by all of those major corporate bail outs that were followed up by trips and what not, let this go…
Probably because this hits much closer to home… Students, like myself, who are continuing little by little by little to pay for college classes one at a time are now getting to pay for someone else's college loan that we didn't sign for or benefit from. If you're responsible enough to sign your name on the dotted line, borrow the money, and agree to pay it back, then you should be held accountable and pay it back or stay in debt and ruin your credit and deal with bill collectors and court hearings. You should not be able to have your debt reassigned to innocent bystanders who did not sign for your loan and did not benefit financially or educationally from it. I work, save money, and pay for each class one at a time on my own while supporting a family. I don't have any desire whatsoever to pay someone else's bad debt. Besides, I have children and grandchildren I would rather help through college than some irresponsible debtor. Forgiveness implies the debt is wiped away. This is not forgiveness. This is nothing short of reassignment of an individual persons bad debt to innocent tax payers and it should be illegal. Far be it for the Biden administration to tell the truth straight up. They really think they're slick. They view the public as gullible and naive. Don't they sound so sweet to forgive student loans? They are the most deceptive ever...it's beyond disgusting. It is crystal clear they think general public has low intelligence. It's insulting really. I hope this helps explain why people are so up in arms.
And yet no bats an eye when they gave pay checks to corporations in forms of PPP loans.
Right! This is 100% trueeeeee. Rhetorically asking… what about medical debt for cancer patients? Just saying… smh 🤦🏽♀️
What would medical debt for cancer patients have to do with anything? That's classic "whataboutism". That's a Weak and empty tactic. Just because we don't solve every problem doesn't mean we shouldn't try with others. Should we tackle medical debt? Absolutely. That's what universal health care would do. Other countries have this and don't have the problem with cancer patients being in debt. But wait, Dave here is against threat as well. So not only was this weak you didn't even think it through. Ramsey is against the very thing that would solve your straw man argument.
@@chancock4222 so I have an empty tactic but you agree with what I’m saying that medical debt is an issue?? K lol... IMO medical debt is much more understandable, acceptable and important that student loan debt… so that should’ve been first! So don’t tell me what I think through or don’t you don’t know me period. I hope you enjoy paying your taxes towards student loan debters…. Not my choice, shouldn’t be my problem! No one paid off my debt… and I don’t see a pending 10k to my account either. I’m assuming your attitude is an indicator you have a mountain of student loan debt… thanks bozo
@@MamaRomm That makes no sense. Child, let me dumb this down for you. Medical debt and student loan debt don't exist in other nations. We're behind in the US. Ramsey is against the very things that would solve both of these issues. Now, as for my situation, I had a significant amount of student loan debt. I finally paid it off after more than 15 years post graduating college about two years ago. So see, this won't benefit me. But because I'm not a miserable troll I am happy others won't have to deal with the burden I did. So class dismissed.
@@chancock4222 haha you don’t need to dumb anything down on my account lol, i went to school for international affairs and I lived over seas AND in the Middle East of all places for half my life and can guarantee I know more about socialism than you do…. So how about you learn some respect and etiquette since CLEARLY college didn’t teach you that… before you come at people insinuating you’re the smartest in the room “teacher.” Your opinion on international affairs, and economic policy is just that…. opinion…. Not gospel so bye lol
That's why I always donate to RIP Medical Debt.
PPP loans were dished out and forgiven after only a few month.. why not also "bless" others with 20 year old student loans.
There's nothing I like more than paying off loans for people who earn $125,000 a year 🤣
Dave said this would never happen so told people to pay them off right before
I had 7k to pay off , good thing I waited
@@TheXbloke Congrats!
@@TheXbloke You won't get a penny mate. Even Pelosi knows that the president doesn't have the power to forgive student loans. Spending like that has to go through Congress. The supreme court will overturn it. It was designed to fail. It was designed to boost votes in November even though they know it will never pass the courts. They're taking you for idiots.
@@TheXbloke You do realize your 7K has not been forgiven. it may be reassigned to unsuspecting innocent people who have not signed your loan agreement nor realized any benefit as you have financially or educationally.
He can’t control the government and what they will do
Disgusting.
I work hard for my money to be stolen from me to pay other people’s bills.
Aw this didnt age wel
“The burden” of taxes they already paid. Also being debt free is great, but at this point I see no point in rapidly paying off my student loan. My payment will be about 200 a month and with an increasing salary that amount literally has no impact on my quality of life or ability to progress. Whereas, if I were to pay it off aggressively I would be setting myself back financially by years with the outcome being no different than if I just did minimum payments. Car loan on the other hand, I am rapidly paying that off because payments are high and I don’t want to be affected by the interest rate.
Its America..... A lot of people are ALWAYS very angry.
Stop being political and just give money advice. Be happy for those struggling with student loan debt, they’re getting a bit of relief. Say thank you to the Biden Administration
Love you Dave AND Rachel
I will take the loan forgiveness and pay it forward because I’m also a tax payer. I still won’t vote for Biden don’t worry.
2 things on that: Where’s the anger towards the PPP loan forgiveness? And the same people mad about the student loan forgiveness program are forgetting that the same students also pay taxes.
I am more upset about the rich tax breaks that are permanent while middle class's were a quick flash in the pan. But yes, let's fight about scraps the poorer people are getting thrown.😂
I love how we have so much money to do this. 😮
Yikes. Terrible take. I never needed to take out student loans. But I'm so happy for the people who got theirs forgiven. Especially those who use their degree to help strengthen the community. I'm happy for my taxes to help people in the community be able to afford their education
Ya know, there’s a world where I would agree that, if you take them out, you should pay them. In general I agree with this.
However, how many… TRILLIONS in the last four years have been printed out of thin air and blown away to people who actively hate that your or I breathe because we live on this zone of dirt and they live on that zone of dirt. Yeah, we could use some of that coming back to us. In theory, this will be as small as someone having enough money to not be worried about groceries this month, to some people making rent without selling their soul. Our government spending being spent on anyone, but the people who actually give money into it, is the real problem.
That said, anyone who’s ever tried to buy me off, immediately turns me away from what they want..
How do i get the forgiveness
I hate to say this but the student loan payoff stuff started way before Biden it started when Bush was in office. My student loans just got forgiven I paid on them for 10 years I paid what I borrowed in all reality cuz it was based on my income I'm a social worker with the VA and because it's a non-profit I was allowed to make income driven payments for 10 years and get it forgiven for the rest which was basically all interest. I pay taxes so I guess I'm still paying on my student loans as well.
Sucks I worked full-time while going to school and still ended up with 90k in student loans. I paid it off 2 years ago
$12,000 is a FRACTION of what I owe for graduate school so it wouldn’t even help.
But I thought this never actually passed.
The way he keeps talking over her lol
I paid off mine! Where's my refund?
If you make less than 125k on last years 2021 tax return??
Hahah yes it’s a horrible mess. However I do consider that fact that many people who paid off student debt are from a different generation and the costs of things have changed. In Canada 15 years ago you could buy a nice house in a safe area for $250,000. Today The average home price in Canada is 1 Million Dollars even in low income- class areas. So there does need to be some type of balance made because the average wage here is $69,000 which is not a good wage to buy a Million dollar home. So in order to make sure everyone has the ability to start out in life at fair and equal place, I think making post secondary education free makes a lot of sense. If the government wants people trained in all areas of the economy then we need education. 15 years ago student loans were not as expensive and neither was housing, or the cost of living.
I have been starting to listen to you guys and to enjoy your advice, but this video is such a turn off. A society is as strong as the weakest and the mentality that we shouldn’t be helping each other is horrendous. Sad times we live in. My family’s student loans were paid off before all this and I’m so happy others are being helped. I’m sorry you all feel this way and are spreading this mentality.
Well, at least this message isn't politically motivated. Lol.
Great message
This changed to a political ad quickly. Who do you think he voted for?smh
Rachel you are so adorable, and you still smile when Dad commandeers the conversation
Dumbiest thing to forgive a student for their debt I'm sorry but not sorry but when you go to college you should be paying your own way just like people that have mortgages and car loans should they be forgiven for those too and who's actually paying for this forgiveness well guess what news flash it's the working class citizens of this country that are paying for that debt to be a relief for those people and I don't agree with that🤬🤬🤬
Right. Aren't you the guys peddling timeshare exit scammers?
Is it me or is this woman really attractive 🗿
I worked 3 jobs to pay cash for my wifes ba and ma.
Sleepy Joe has to go ...
It’s a small percentage of people that qualify. Look up the programs. It’s NOT everyone under 125k.
They are probably referring to the program where you have been paying for 20yrs+
If this student debt cancellation goes through I am curious about what will happen if students owe more than $10,000 (how it will be applied)? I don't trust the government to handle that part at all.
you have to start somewhere
I didn't force you to go to college. I didn't force you to take out a loan. I paid my college expenses. I paid for both of my children's college expenses. I went without to make all of that happen. I don't make $125,000.00 a year --that is Big Money. You should be able to easily afford the $10,000.00. I should not have to pay YOUR college expenses. That is YOUR RESPONSIBILITY!!
So how about rich people filing bankruptcy? The still have millions. Why do they get bailed out when they have money?
didn’t you file bankruptcy?
and that should be taxable. if it isn't then my IRA withdrawals should not be taxed. If not, then they can no longer take out a loan. Learn to budget with your means.
I think this post is a political move. Hypocrites!!!
American kids got some terrible loans. Many repaid the principal years ago and are paying interest on interest. I appreciate the administration helping Americans and am willing to pay a little more. The most thanks goes to my Mom who worked split shifts so I could graduate debt free.
If it’s true I still won’t vote for him. But of course I will take 10k off my loans.
The debt free King 👑 and Princess 👑 🎉 take the advice allumni get out of student loan debt 💸
You don’t sound happy for bro
What part of exorbitant interest rates means ANYONE has to pay anything more for loans being forgiven.. half of my loan debt is from interest added after the fact.
Free money ain’t free.
Year later no recession and GDP over 5% 🤡🤡
Maybe let Rachel speak
Yeah I should not have to pay off some doctors loans
I don't know of a Dr that makes less than $125,000, so I guess you won't.
@@cherylthompson6786 well maybe they dropped out
You guys are great! ♥️ “You fix your life!” That’s right!!
Dave "fixed his life" by filling bankruptcy in 1988 and now is big mad other people are getting a little relief.
Who’s paying for this tho?
Wont happened go away take it off the internet
I'm sorry if you make $125,000 shame on you you should be able to pay off a $10,000 debt!
You should? Sounds like you are a drunkard with debt
It’s 10,000.00 out of 80,000.00?
Paid off my loans. I’m not unhappy that others didn’t have to finish paying them off. On the contrary, I’m happy for them. Good for them. Being bitter because life is not fair gets us nowhere. And yet Dave thrives on catering to the bittered people. Grow up, Dave. And Rachel, we expect better from you.
Such a slap in the face
Glad we paid off everything, at least I know we are able to fix our own lives.
Shame on you
Let’s remember regular tax payers are paying it. ITS NOT FORGIVEN.
He can’t do that
Dave is so old let's get a fresh young face in his place
Agreed 💯
Oh no, election day is over and student loan forgiveness is gone..
Who saw that comming... Oh right everyone that can logically think.
Dave is right but he’s more angry than happy 😂
So how do I get my $10k forgiven 🧐🧐🧐
Pay your own debt
Just to be clear; nobody is getting $10,000 off their student debt?! The Supreme Court said no way. Is that right?! Thankns
This aged beautifully.
So when he paid off of people PPP loans that wasn’t a burden on us that don’t receive PPP?
Don't listen to these losers, your taxes won't change. What will change is where that money goes. Either it goes towards another 20k vacation for a congressmen, or it helps a middleclass person get out of debt so they can put that money back into the economy in a healthy way. Its not just some random college student, its the future of this country
It's a joke
At first, i was actually ready to sub. Sound finacial advice most of the time. Then this political b.s comes out.
My son has his bachelors in science WITH NO STUDENT LOAN DEBT.
WHY HE WENT TO A JC GOT A DOUBLE AA
WENT ON TO A STATE UNIVERSITY
all while commuting 71 miles 4 days a week for the last 2 years Gard 2020
What does that even have to do with student loans? Did you pay or did he? That’s the real question. I doubt he paid fully out of his pocket.
That was not student loan forgiveness! That’s just forcing Americans to pay off student loans that they didn’t sign for or agree to pay. It’s actually reassignment of Debt to tax payers. I am a student who pays for my education… I guess maybe I should go get a student loan so that I can be forgiven too! Believe you me I will actually use it towards my education
Wouldn’t you qualify for forgiveness too?
Live tax free.