More Liberal Insanity - V**e Buying with Your Tax Money!
Nov 3, 2022 16:05:23 #
Below is a reprint from Bloomberg, apparently folks who could afford to pay down their student loans and did pay during the p******c will be getting refund checks.... Well, I paid for my EX to do a 5 year nursing degree at the University of Florida.... Where TF is my check?
The government is sending money to borrowers who paid down their student loans after the p******c pause took effect in March 2020, when interest rates fell to zero and payments were suspended. The checks are part of a little-known provision of the C****-** stimulus program that is getting new attention because millions of borrowers expect to have at least $10,000 in student debt forgiven. For many, it’s the first tangible sign that Biden’s plan is working.
Jason Gutierrez, a 33-year-old engineer in Greensville, South Carolina, graduated in 2011 with about $50,000 in student debt and had a balance of around $9,000 when the p******c hit. He paid it off the last of it in December, taking advantage of the interest freeze to zero his balance.
Gutierrez was initially frustrated by the news that Biden was going to forgive debt, but was able to take advantage of a provision in the CARES Act that allows borrowers who want refunds on p******c-era payments to ask for the money back. Gutierrez contacted Nelnet, his loan servicer, at the beginning of September and recently received 18 checks in the mail to cover the payments he made during the pause.
He plans to put the $9,000 toward an engagement ring for his girlfriend, and has applied to have the money forgiven as part of Biden’s plan.
“When Biden announced the forgiveness at the end of August, at first I was like, ‘Oh no, I just paid these off,’” Gutierrez said. “Then I was like, ‘Wait a minute, I still have a shot here.’ It’s a super good feeling.”
https://www.msn.com/en-us/money/markets/refund-checks-arrive-for-student-loan-borrowers-who-paid-during-p******c/ar-AA13CJ6I
Midterms can't get here fast enough!
The government is sending money to borrowers who paid down their student loans after the p******c pause took effect in March 2020, when interest rates fell to zero and payments were suspended. The checks are part of a little-known provision of the C****-** stimulus program that is getting new attention because millions of borrowers expect to have at least $10,000 in student debt forgiven. For many, it’s the first tangible sign that Biden’s plan is working.
Jason Gutierrez, a 33-year-old engineer in Greensville, South Carolina, graduated in 2011 with about $50,000 in student debt and had a balance of around $9,000 when the p******c hit. He paid it off the last of it in December, taking advantage of the interest freeze to zero his balance.
Gutierrez was initially frustrated by the news that Biden was going to forgive debt, but was able to take advantage of a provision in the CARES Act that allows borrowers who want refunds on p******c-era payments to ask for the money back. Gutierrez contacted Nelnet, his loan servicer, at the beginning of September and recently received 18 checks in the mail to cover the payments he made during the pause.
He plans to put the $9,000 toward an engagement ring for his girlfriend, and has applied to have the money forgiven as part of Biden’s plan.
“When Biden announced the forgiveness at the end of August, at first I was like, ‘Oh no, I just paid these off,’” Gutierrez said. “Then I was like, ‘Wait a minute, I still have a shot here.’ It’s a super good feeling.”
https://www.msn.com/en-us/money/markets/refund-checks-arrive-for-student-loan-borrowers-who-paid-during-p******c/ar-AA13CJ6I
Midterms can't get here fast enough!
Nov 3, 2022 17:49:26 #
Nov 4, 2022 10:41:41 #
tradio wrote:
Can't we do something with those Democrats???
The midterms will take care of some of them!
Nov 4, 2022 12:25:26 #
Blurryeyed wrote:
Below is a reprint from Bloomberg, apparently folk... (show quote)
Wasn’t the Cares act that participated
this refund sign in March 2020 by president trump
Nov 4, 2022 12:56:38 #
The CARES act suspended student loan payments and the accrual of interest.
This article is clear as mud but the way I read this is the CARES act not only allowed you to suspend payments on student loans, but also, if you paid them, to get those payments back if you needed the money. Under CARES you would still owe the money. It sounds like he's using the refund now, hedging his bet that Biden will forgive his loan and he'll permanently be able to pocket that money.
This article is clear as mud but the way I read this is the CARES act not only allowed you to suspend payments on student loans, but also, if you paid them, to get those payments back if you needed the money. Under CARES you would still owe the money. It sounds like he's using the refund now, hedging his bet that Biden will forgive his loan and he'll permanently be able to pocket that money.
Nov 4, 2022 13:23:57 #
DennyT wrote:
Wasn’t the Cares act that participated
this refund sign in March 2020 by president trump
this refund sign in March 2020 by president trump
Uh.... NO!
Nov 4, 2022 16:41:46 #
Blurryeyed wrote:
Uh.... NO!
Yes
https://en.wikipedia.org/wiki/CARES_Act
That’s is the act that precipitated this actio
Nov 4, 2022 21:03:49 #
DennyT wrote:
Uh... No, Trump did not sign a bill that forgave debt, the bill written by congress did refund some payments but the principle remained intact, what Biden is doing is completely different.
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