As suspected following the Supreme Court’s recent ruling to block the Biden administration’s student loan forgiveness proposal, the administration has created their own loophole to do it anyway.
On Friday, the administration announced the forgiveness of $39 billion in student debt for 804,000 borrowers.
The new program is thanks to a new regulatory rulemaking process by the Department of Education, which tweaked the student loan program’s income-driven repayment plans, CNBC reports.
Under those repayment plans, borrowers get any remaining debt canceled by the government after they have made payments for 20 years or 25 years, depending on when they borrowed, and their loan and plan type.
In the past, payments that should have moved a borrower closer to being debt-free were not accounted for, according to the Biden administration.
“For far too long, borrowers fell through the cracks of a broken system that failed to keep accurate track of their progress towards forgiveness,” said US Secretary of Education, Miguel Cardona.
Eligible borrowers will be notified in the coming days by the Education Department.
How about mortgage loan forgiveness?
Hey, they co are working real gears to collapse the nation.
Liberal College students are Easily bought Marxist-Dem-Socialist voters.
In my area they “allowed out of state students” to VOTE for Biden and purchased their votes with pretty signs to the vote center to fill out ballots for a couple of slices of cheap pizza and diet coke. Yeah, I talked to a couple of them that voted twice for more pizza.
Folks that buy houses tend to be MAD at Bidenomics screwing them over and thus NOT easy Socialist-Dem-Marxist voters.
If there’s a menu for forgiveness, I’d choose mortgage forgiveness everyday!
If it would bring back my country, let’s do it today
Call me crazy, but a huge number of student loans were fraudulently presented. And the entire student loan system is NOT under the Fair Credit Reporting Act -- so they can screw these kids any way they want.
Biden is trying to buy votes. But this may actually help some young people.
Our fiat currency is about to collapse into who knows what. Our MIIC controlled government continues to steal directly from agency budgets and is spending like crazy. We cannot control our government at all. Every step has been taken to make sure that we have no way to get information and our demands to the government or congress.
SO, we have to start by re-calling the politicians who hide from us and fail to uphold the US Constitution. Start by demanding a copy of your political representatives signed Oath of Office documentation.
ILLEGAL / UNLAWFUL = UNENFORCEABLE
https://rumble.com/v2ijpgk-breaking-smoking-gun-proof-of-bidens-treason.html
Who are militaryand law enforcement personnel serving?? Attorney Todd Callender returns toSGT Report what appears to be proof of Joe Biden and his entire administration’s TREASON: Not one single valid notarized Oath of office from any single one of these demon creatures.
PRAYER FOR RELIEF -- Set these people aside;
bit.ly/writofquo -- 100 page filing
PETITION FOR WRIT OF QUO WARRANTO – The Whole Cabinet is Void!
No executed Oaths of Office for Biden Administration
WRIT OF QUO WARRANTO -- Petition to someone to prove they have authority.Filed at USAttorney General in DC (served 04/12/23).
Bond Claimsto Remove School Boards -- Half of the officials were missing their “Sworn Oath of Office.” Statutes are clear 5USC Sect 3332;
Filed 100 pg Writ and fought for 9 months. A verbal Oath of Office isn’t enough. Must be written and notarized. No Biden cabinet officials have executed these oaths. All acts by the BidenAdministration are Void at Issue -- “Didn’t happen.”
DHS Zombie Hazard Command -- 2 Years to the nightmare -- 2025.
And, if we play (cheat) our cards right, there will be 10 percent for da Big Perv.
If there were no federal grants or loans, higher education would be affordable. Colleges and universities could charge only what the students could afford to pay. If the schools charged more than that they would have no students and would have to shut down.
Just remember, the government will never do anything for you, unless it furthers their agenda.
The student loan program is a trap to ensnare young people in debt.
Proverbs 22:7
The rich ruleth over the poor, and the borrower is servant to the lender.
An excellent point. I fear the deliberate crash of the system is to force us “For our own good” into an electronic non-cash system.
What’s your thoughts on e-dollars, fed Coin or whatever lipstick they put on it, Sir?
Rather than trying to post a brief thought or two, here is a link to something I wrote last month --
How the feds will control you by controlling your finances
https://www.wnd.com/2023/06/feds-will-control-controlling-finances/
An Iron sharpens iron moment.
A good article with a side eye towards the China social score limits on spending “YOUR MONEY”.
The electronic cage often described.
Options? Having Jesus as your savior is a great start, then what?
then what?
Endure, Praise Him, His Name, give thanks daily.
Sounds a lot like my oft repeated phrase here “Protect your family and trusted friends”, eh?
Seems quite biblical, I could shower us with a few scriptures here about that.
What I was asking the Pastor was about how to avoid getting ensnared in the ever-closing electronic net of Finacial controls. You know paying the internet bills and such?
Iron sharpens Iron discussions.
Understood. Not sure what i will do when it comes to Them and Forcing us into their machine.
cashless society etc. Opting out seems the only course. At least to me. May take an enormous leap of faith.
The Glenn Beck thread (not allowed to comment.)”How Elites will use ESG, AI, etc. “Total Control.”
sounds most like the ‘mark’ we are to avoid. The world has been heading down this road for some time now. All these (loyalty club members) little cards many carry, phones, easy access funds. All lead in one direction.
i do not believe we by force can stop the direction this world is heading.
As Pastor Guest has said, Spiritual prep. is First and Foremost to all of this.
Here is a partial answer --
Spiritual preparation is the first thing. Feed upon the Word, confess sin, pray, join in fellowship with like-minded believers, and do anything else that brings us closer to Jesus and one another. If we aren’t spiritually prepared, we aren’t prepared at all.
Concerning what should be done to physically and materially prepare, those things will vary from person to person. For this we need wisdom. Not man’s wisdom, but wisdom from God. The good news is, if we believe on Jesus, we can ask for wisdom from God and he will give it to us.
James 1:5
If any of you lack wisdom, let him ask of God, that govern to all men liberally, and up raise th not; and it shall be given him.
Generally speaking, if the Lord leads, it might be a good idea to convert some assets and FRN’s into items that you normally use and other items that might be useful in the future.
Auto-correct messed up the quote above from the Book of James. I didn’t catch it in time to fix it.
I posted the link on the site:
https://ncrenegade.com/how-the-feds-will-control-you-by-controlling-your-finances/
Thank you.
After the fight, I highly doubt Biden’s loan forgiveness buys any votes for any Democrat anywhere. The borrowers have been sorely jerked around on this ( not debating the legitimacy of anything )