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Student debt forgiveness
#9034943
04/16/24 11:52 PM
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Joined: Mar 2013
Posts: 5,050
jetdad
OP
THF Trophy Hunter
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OP
THF Trophy Hunter
Joined: Mar 2013
Posts: 5,050 |
I'm wondering if the beneficiaries of the forgiveness program are going to be sent a 1099 for the debt that has been forgiven. I haven't seen anything about that anywhere. Is it just going to be a surprise after the election?
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Re: Student debt forgiveness
[Re: jetdad]
#9034975
04/17/24 01:00 AM
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Joined: Mar 2013
Posts: 3,555
BayouGuy
Extreme Tracker
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Extreme Tracker
Joined: Mar 2013
Posts: 3,555 |
Let's stop calling it Debt Forgiveness and start calling it what it is - Debt Transfer.
If you can't laugh at yourself, give me a call. I'll gladly laugh at you. "I keep trying to see Nancy Pelosi's and Chuck Schumer's point of view, but I can't seem to get my head that far up my [censored]." Senator John Kennedy, Louisiana
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Re: Student debt forgiveness
[Re: jetdad]
#9034977
04/17/24 01:07 AM
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Joined: Oct 2004
Posts: 39,608
redchevy
THF Celebrity
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THF Celebrity
Joined: Oct 2004
Posts: 39,608 |
You spelled bull $h!+ wrong
It's hell eatin em live
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Re: Student debt forgiveness
[Re: jetdad]
#9034986
04/17/24 01:24 AM
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Joined: Sep 2004
Posts: 10,870
DannyB
THF Celebrity
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THF Celebrity
Joined: Sep 2004
Posts: 10,870 |
They should!! I got a 17k 1099 for the last of a Texas Tomorrow Fund. I guess that FIFO accounting method bit me hard.
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Re: Student debt forgiveness
[Re: jetdad]
#9035019
04/17/24 02:24 AM
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Joined: Mar 2010
Posts: 12,478
ntxtrapper
THF Celebrity
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THF Celebrity
Joined: Mar 2010
Posts: 12,478 |
Through the end of 2025, no borrowers will pay federal income taxes on any student debt discharged by the federal government. A provision in the March 2021 COVID-19 relief package stipulates that any debt forgiven from Dec. 31, 2020, to Jan. 1, 2026, will not count as income.
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Re: Student debt forgiveness
[Re: ntxtrapper]
#9035037
04/17/24 03:01 AM
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Joined: Jan 2007
Posts: 26,280
KRoyal
Texoma Legend
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Texoma Legend
Joined: Jan 2007
Posts: 26,280 |
Through the end of 2025, no borrowers will pay federal income taxes on any student debt discharged by the federal government. A provision in the March 2021 COVID-19 relief package stipulates that any debt forgiven from Dec. 31, 2020, to Jan. 1, 2026, will not count as income. Almost like they had it planned all along.
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Re: Student debt forgiveness
[Re: jetdad]
#9035059
04/17/24 04:35 AM
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Joined: Jul 2021
Posts: 955
DustyArmadillo
Tracker
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Tracker
Joined: Jul 2021
Posts: 955 |
It’s all the same, whether its free healthcare for invaders, food stamps, $5 million for the New York hip-hop museum,
Just buying votes with funny money.
Give some here, forgive debts there, everybody wins.
America needs a miracle right now.
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Re: Student debt forgiveness
[Re: KRoyal]
#9035067
04/17/24 07:40 AM
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Joined: Mar 2010
Posts: 12,478
ntxtrapper
THF Celebrity
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THF Celebrity
Joined: Mar 2010
Posts: 12,478 |
Through the end of 2025, no borrowers will pay federal income taxes on any student debt discharged by the federal government. A provision in the March 2021 COVID-19 relief package stipulates that any debt forgiven from Dec. 31, 2020, to Jan. 1, 2026, will not count as income. Almost like they had it planned all along. Yep, we called that a clue.
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Re: Student debt forgiveness
[Re: jetdad]
#9035115
04/17/24 12:53 PM
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Joined: Jan 2006
Posts: 7,313
BenBob
THF Trophy Hunter
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THF Trophy Hunter
Joined: Jan 2006
Posts: 7,313 |
Student loan forgiveness is blatant discrimination. Biden is an absolute idiot.
Tired, Wired, and Uninspired
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Re: Student debt forgiveness
[Re: BenBob]
#9035137
04/17/24 01:49 PM
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Joined: Jan 2016
Posts: 73
carmackj1
Outdoorsman
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Outdoorsman
Joined: Jan 2016
Posts: 73 |
Student loan forgiveness is blatant discrimination. Biden is an absolute idiot. It isn't just Biden. This program has been around for awhile. Its a forgiveness for public service workers (teachers, city/county employees) and it is only forgiven after making 10 years of payments. This was around when I started working for a city 14 years ago. Its considered one of your benefits for taking a lower paying job.
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Re: Student debt forgiveness
[Re: carmackj1]
#9035157
04/17/24 02:10 PM
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Joined: Jan 2006
Posts: 7,313
BenBob
THF Trophy Hunter
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THF Trophy Hunter
Joined: Jan 2006
Posts: 7,313 |
Student loan forgiveness is blatant discrimination. Biden is an absolute idiot. It isn't just Biden. This program has been around for awhile. Its a forgiveness for public service workers (teachers, city/county employees) and it is only forgiven after making 10 years of payments. This was around when I started working for a city 14 years ago. Its considered one of your benefits for taking a lower paying job. Biden is still an absolute idiot.
Tired, Wired, and Uninspired
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Re: Student debt forgiveness
[Re: jetdad]
#9035162
04/17/24 02:25 PM
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Joined: Dec 2007
Posts: 26,386
Concho
THF Celebrity
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THF Celebrity
Joined: Dec 2007
Posts: 26,386 |
Freeloaders and leaches, allow Joe to buy your vote with some free stuff, my two cents on the subject, I'm not speaking about people who really earned college through service, Our Military Members.
Last edited by Concho; 04/17/24 02:33 PM.
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Re: Student debt forgiveness
[Re: carmackj1]
#9035165
04/17/24 02:32 PM
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Joined: Dec 2007
Posts: 26,386
Concho
THF Celebrity
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THF Celebrity
Joined: Dec 2007
Posts: 26,386 |
Student loan forgiveness is blatant discrimination. Biden is an absolute idiot. It isn't just Biden. This program has been around for awhile. Its a forgiveness for public service workers (teachers, city/county employees) and it is only forgiven after making 10 years of payments. This was around when I started working for a city 14 years ago. Its considered one of your benefits for taking a lower paying job. So, as a city employee, construction worker, mechanic, roofer, etc... (really high paying jobs, LOL) I get to help pay back your loan because you took a low paying job?
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Re: Student debt forgiveness
[Re: jetdad]
#9035171
04/17/24 02:45 PM
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Joined: Sep 2012
Posts: 16,133
Jimbo1
THF Celebrity
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THF Celebrity
Joined: Sep 2012
Posts: 16,133 |
Average salary of the 750K deadbeats is $313,000 with average loan "forgiveness" at $25,500. F-them all!
FJB - Lets Go Brandon BBB - Bring Back Better Awake - Not Woke!
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Re: Student debt forgiveness
[Re: jetdad]
#9035184
04/17/24 03:07 PM
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Joined: Jan 2014
Posts: 1,452
BDB
Pro Tracker
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Pro Tracker
Joined: Jan 2014
Posts: 1,452 |
as a small business owner if you took a loan to get started.... Joe says.....FUK U
And small business is the backbone of our country.
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Re: Student debt forgiveness
[Re: BDB]
#9035203
04/17/24 03:37 PM
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Joined: Oct 2012
Posts: 25,447
Creekrunner
THF Celebrity
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THF Celebrity
Joined: Oct 2012
Posts: 25,447 |
as a small business owner if you took a loan to get started.... Joe says.....FUK U
And small business is the backbone of our country. But he said unions built this country! Crooked bastard.
...and have dominion over the fish of the sea, and over the fowl of the air, and over every living thing that moveth upon the earth. Gen. 1:28
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Re: Student debt forgiveness
[Re: jetdad]
#9035233
04/17/24 04:42 PM
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Joined: May 2017
Posts: 5,242
Smokey Bear
THF Trophy Hunter
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THF Trophy Hunter
Joined: May 2017
Posts: 5,242 |
It is not Biden’s money to give away. All the money Biden is playing free and loose with is not his. It belongs to the taxpayers. The bill for all the money Biden irresponsibly gives away is passed down to the taxpayers to cover. FJB and his irresponsible financial decisions. Americans are already saddled with paying off the debts of his big spending decisions for generations to come.
Smokey Bear---Lone Star State.
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Re: Student debt forgiveness
[Re: Creekrunner]
#9035236
04/17/24 04:44 PM
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Joined: May 2017
Posts: 5,242
Smokey Bear
THF Trophy Hunter
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THF Trophy Hunter
Joined: May 2017
Posts: 5,242 |
as a small business owner if you took a loan to get started.... Joe says.....FUK U
And small business is the backbone of our country. But he said unions built this country! Crooked bastard. More recently, Unions chased a lot of American jobs out of this country.
Last edited by Smokey Bear; 04/17/24 04:50 PM.
Smokey Bear---Lone Star State.
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Re: Student debt forgiveness
[Re: carmackj1]
#9035259
04/17/24 05:59 PM
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Joined: Nov 2023
Posts: 32
Schooler
Light Foot
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Light Foot
Joined: Nov 2023
Posts: 32 |
Student loan forgiveness is blatant discrimination. Biden is an absolute idiot. It isn't just Biden. This program has been around for awhile. Its a forgiveness for public service workers (teachers, city/county employees) and it is only forgiven after making 10 years of payments. This was around when I started working for a city 14 years ago. Its considered one of your benefits for taking a lower paying job. True it was started by Biden mentor Obama.
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Re: Student debt forgiveness
[Re: jetdad]
#9035320
04/17/24 08:23 PM
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Joined: Jul 2006
Posts: 110,808
dogcatcher
THF Celebrity
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THF Celebrity
Joined: Jul 2006
Posts: 110,808 |
(quote) 2007: CONGRESS CREATES PSLF In the last year of President George W. Bush’s presidency, Congress passed the College Cost Reduction and Access Act with bipartisan support. It promised to ease the burden of repayment of student loan debt—a burgeoning problem caused by skyrocketing college tuition—through a number of modifications to existing programs and by creating new ones. The Bush administration touted the bill’s expansion of Pell Grants, increasing the amount of money low-income families could receive toward tuition. Further, it reduced the interest rate on future federal Stafford Loans, cutting them in half over the following few years. Perhaps the largest lasting impacts, however, came for borrowers already in repayment. The Act created two programs that were designed to ease the ongoing cost to borrowers and to help them eliminate their loans if they were working in public service. Although the White House did little to advertise these programs, Income-Driven Repayment (IDR) and Public Service Loan Forgiveness (PSLF) have remained integral parts of the federal student loan system and are regular news items in the ongoing student debt crisis.(/quote) https://navigatestudentloans.com/a-brief-history-of-public-service-loan-forgiveness/
Combat Infantryman, the ultimate hunter where the prey shoots back. _____________"Illegitimus non carborundum est"_______________
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Re: Student debt forgiveness
[Re: jetdad]
#9035333
04/17/24 08:51 PM
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Joined: Dec 2007
Posts: 26,386
Concho
THF Celebrity
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THF Celebrity
Joined: Dec 2007
Posts: 26,386 |
So, in reality poor hard-working people get the loans of college egg heads transferred to them to help pay off...
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Re: Student debt forgiveness
[Re: jetdad]
#9035335
04/17/24 08:54 PM
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Joined: Nov 2009
Posts: 69,389
NORML as can be
^^Cut the Cord^^
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^^Cut the Cord^^
Joined: Nov 2009
Posts: 69,389 |
Wish I got some of that free money.
(R-TX) .-- " TCNN CURL CRLB VFF VRNO AYR SNDL CGC TLRY MSOS "
_=====___=________==-
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Re: Student debt forgiveness
[Re: NORML as can be]
#9035338
04/17/24 08:56 PM
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Joined: Dec 2007
Posts: 26,386
Concho
THF Celebrity
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THF Celebrity
Joined: Dec 2007
Posts: 26,386 |
Wish I got some of that free money. Heck, I'm wondering how many of them took out big college loans, spent their time and money drinking beer and chasing girls, blew off college and now get it all forgiven?
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Re: Student debt forgiveness
[Re: jetdad]
#9035579
04/18/24 01:12 PM
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Joined: Jun 2007
Posts: 1,907
blanked
Pro Tracker
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Pro Tracker
Joined: Jun 2007
Posts: 1,907 |
I blame republicans on this one. Supreme court ruled no to this. Republicans sit by and let it happen
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