Key fact re student loans: YOU CANNOT PAY ON THE PRINCIPAL OF THE LOAN (to reduce interest) UNLESS YOUR INTEREST ON ALL LOANS HAS BEEN PD. This penalty makes it clear that the govt's interest in SLs is not to be repaid but to keep making $ off borrowers. #CancelStudentDebt#S2598
@BalconyPlant@ConservAgent1 This is a front-and-center page about STUDENT LOANS. Does it look like a mortgage loan? A credit card app? NO. Not only do you not have student loans or you would recognize this, but you also don't appear to be very bright. Just stop talking. You look more foolish w/ each tweet.
Key fact re student loans: YOU CANNOT PAY ON THE PRINCIPAL OF THE LOAN (to reduce interest) UNLESS YOUR INTEREST ON ALL LOANS HAS BEEN PD. This penalty makes it clear that the govt's interest in SLs is not to be repaid but to keep making $ off borrowers. #CancelStudentDebt#S2598
@OlyJosh1 @BrookFadley @PattyMurray@POTUS Besides which, why should BK be allowed for every other type of debt except student loans.Another thing that has changed is my body. I am disabled in ways that I could never have predicted when I took out loans but which I prevent me from working as many hours as I cld then.
@OlyJosh1 @BrookFadley @PattyMurray@POTUS Nothing changed? The loans I signed for don't exist today and vice versa. And the servicers I had then didn't exist today. And BK protection existed then and doesn't now. I'd say quite a bit has changed. Do some research. Then come back and make an informed point.
@ConservAgent1@esenplein That's why there are 45 million imbeciles? Whether I or anybody has repaid the loans is secondary. What is primary is that the system to finance higher education be reformed. Start with senate bill S.2598. That will be a small first step.
@ConservAgent1@esenplein FAFSA is incomplete, illegitimate credit check leading to illegitimate, improper loans with no consumer or bankruptcy protections, lack of oversight on the servicers then loans sold off to Wall Street. One sided. Simple. Imprudent to trust the government. Simple manipulation.
@HouseDems@HouseGOP@SpeakerPelosi@MarkWarner
SO WRONG & UNACCEPTABLE! S1098, which would disentangle spouses' (or ex-spouses') SLs, making them eligible for PSLF, PSLF waiver, & other progs, passed the Sen. It needs a House companion bill FAST. PLS HELP LYNN! #studentloans
I’m a 70 yr old school principal. I would like to retire. I CAN’T. I have new cancer. My drs want me to retire. I CAN’T. My family wants me to retire. I CAN’T. All because I have a Joint Consolidated Spousal SL that shackles me to my abusive ex & both our loans. #S1098
@OlyJosh1 @BrookFadley @PattyMurray@POTUS But the Constitution did promise me the right to file for bankruptcy under a uniform code of bankruptcy. SLs are omitted so it clearly isn't uniform. We should not allow anyone to take a Constitutional rt without a fight.#S2598#HR4907
@EngineerBarbie @BrookFadley @PattyMurray@POTUS If you really want to know, go do research on negative amortization and interest capitalization. You could start at https://t.co/hr5SzV9oaO. Then come back ask qn informed question.
@AbeUrner69 @BrookFadley @PattyMurray@POTUS It doesn't work that way. Think about it...it's been 2 years w/o SLs. Have you suffered bc of that? On the other hand, have you seen a Dr, nurse, atty, ther a post, teacher, professor, clergyperson? If so, you have been probably gotten services from someone with SL.
@AbeUrner69 @BrookFadley @PattyMurray@POTUS BS. 100% different. You can rent or sell your car. You can declare BK and deal with them that way. Ppl w/ SLs who come into hard times (divorce, job loss, caregiving responsibilities, etc) have NO RECOURSE. We can't declare bankruptcy; the IDR plans font work. We are trapped.
@caleb_burr @BrookFadley @PattyMurray@POTUS Social work and nursing are useless degrees? I want to hear you say that to the nurse doing your IV in a hospital sometime or a soc worker who is arranging care for a family member. SMH
@johnnbgourmet32@PattyMurray@POTUS It doesn't work that way. The loans have been taken out of the books when funds dispersed. Perhaps the govt will lose a little in interest, but that is probably less than what it spends to collect.
@carol4623 @PattyMurray@POTUS I'm going to start reporting these fake do-good email as misinfo. I don't think that will do anything but nothing else is either.