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The headline is inaccurate since it’s under a million who get impacted, but you can thank Republican states for this.
Some Republican states have filed suit trying to block the whole thing, as the program was going to allow borrowers who took a certain kind of government guaranteed private loan (the hell was the point of that except to funnel money to someone’s golf buddy!?) to consolidate to a federal loan and get forgiveness on that.
Their suit said that the company who issued those loans (at 0 risk to themselves) stood to be damaged from forgiveness since that would lose out on the interest payments of anyone who consolidated due to forgiveness. This would just give someone standing, not mean it was illegal, but it was possible a ruling could invalidate the whole thing.
So to keep the whole thing afloat, they’re going to only allow it for people who had already consolidated, or the vast majority of borrowers who didn’t use this specific program. There are about 4 million loans that went through the program, but most of those people also had loans that are still forgivable, or they were income-bracketed out of it anyway, so it’s about 800,000 people who lost loan forgiveness.
H&H can spin with the best of them!You are pretty level headed most of the time…but man you’re one good apologist for the Democrat party.
What part of anything I said in that post is not right?You are pretty level headed most of the time…but man you’re one good apologist for the Democrat party.
Oh it leans Dem for sure but this headline in particular is just wrong.NPR is well-known for shading reports to help the GOP.
I would have to do some digging but the info is changing almost daily on this. I know the article I read a couple days ago said something like 4 million.The headline is inaccurate since it’s under a million who get impacted
There are 4 million of the loans that could be affected.I would have to do some digging but the info is changing almost daily on this. I know the article I read a couple days ago said something like 4 million.
You're dreaming and just as naive as all the other liberals if you think banks won't find a way to get around Mush Brain's attempt at buying votes.
What part of anything I said in that post is not right?
This happening doesn’t really impact if it was good or bad though. If someone supported or opposed it before this shouldn’t change that.My point is the whole idea is terrible and it’s a Democrat idea, yet you’re hear defending it and blaming any repercussions on Republicans like it’s their fault.