US Supreme Court rules against Biden’s student loan relief program
theguardian.com
theguardian.com
We're trending towards major swaths of higher education only being accessible to the wealthy, which will lock so many people out of opportunities to improve their station in life.
This comment in particular really frustrated me:
> In the opinion, delivered by Chief Justice John Roberts, the court found that the debt forgiveness plan would “cut into Mohela’s revenue, impairing its effort to aid Missouri college students”.
Ah, yes, let's defend a _de facto national_ lender from obtaining revenue for an industry it helped create. Disgusting.
(I had a loan serviced by MOHELA. I went to school in New Jersey. I never lived in Missouri.)
I know myself and others who are still saddled with student loans are going to be spending less on consumer goods due to this decision.
I doubt this decision would ever cause any kind of major effects on the economy in isolation, but one can only load so much straw on the metaphorical camel's back before the camel's back breaks.
The Supreme Court didn't make the decision to take out student loans for you or anyone else. You did; hopefully because the decision was justified and you had reasonable expectation that you would be able to pay it back.
Do you still maintain your argument when being applied to PPP loans? The government had no issues discharging the PPP loans.
My decision was justified and my ability to pay the loans back has not been compromised. My loans will eventually be forgiven since I work in public service. At least, assuming I choose the remain in public service.
While the student loan decision today does directly impact me, I am more empathic towards others that cannot repay their loans.
Many, many people (myself included) would have either not gone to college or would have gone to community colleges at best without those loans.
The biggest reason I have the career I have is because the school I went to had a cooperative education program and had strong connections with great employers.
While I highly respect community colleges and the upward mobility they provide for millions of students, it would have been a much steeper hill to climb to get as far in tech as I am with an Associate's degree.
I was born abroad and immigrated here when I was 5. It was only through years of work -- starting when I was 16; excellent grades; and even better financial aid, that I was ever able to afford to go to college. And it remains a struggle to continue affording it. I attended a community college for a year and I am also a Pell Grant recipient. I have maxed out Federal loans each and every one of my semesters, and work 70+ hours a week over the summer just to make ends meet.
Regardless, the debts I take out are solely my own and it would be unreasonable for me to expect them to be shouldered by anyone else.