"President Donald Trump on Saturday signed an executive order continuing the pause on monthly payments and interest for many federal student loan borrowers until the end of the year.

Trump’s order is aimed at circumventing Congress to extend the emergency student loan relief granted in March under the CARES Act. That payment leeway is set to expire for roughly 40 million Americans on Sept. 30, just weeks before the presidential election.

“Today I’m extending this policy through the end of the year, and we’ll extend it further than that, most likely right after Dec. 1,” the president said before signing the order.

Bingo and with precision to the point. Biden's team are only using this for mid terms, the authorities used are COVID ones that are not likely to meet the muster.

Biden and his crones don’t care if it ,”meets the muster.”

If it works and they win the courts will be packed and ever they want will pass muster.

No worries, I will work harder so student's can party and carry on.
And get a free ride, what next we all ready work for the welfare recipients as it is huh

Pausing monthly payments is a tad different than forgiving those payments. But you already know that.
And for those that still owe, joey extended the pause again until December.

I’m sure the forgiven PPP loans for all the wealthy Republican Congress people are okay though right? I mean as long as MTG screams about Brandon daily then her forgiven loan is likely okay right?

I have not heard any one say any of that was a good thing. Infact I believe I remember threads talking negative about all that as well. Nice attempt to change the topic to something else but poorly executed.

PF, if it was stated that those loans forgiven was wrong (a lot of dollars) then I missed that and stand corrected. But in reality, if I had to choose (I paid my student loans) I’d rather loans get forgiven for some struggling electrician or whatever so they can dump some more money into the economy on whatever, maybe helping whoever, than it further lining the pockets of wealthy politicians.

Your body , your choice, your loan, your payment.

How many loads have for forgive to foreign countries. How many billions have we given away to foreign country every day. Student loans are as bad as loan sharks. JMO

The student loan forgiveness is as much a bank and colleges bailout as it is a borrower bail out. Ponder on this a bit

Please explain how this is a college bail out. Thanks

P.S. Are not these student loans government guaranteed loans? You know where the taxpayers assume the risks and the banks get the profit? Is this not the deal that is made?

"Following the passage of the Health Care and Education Reconciliation Act of 2010, the Federal Direct Loan Program is the sole government-backed loan program in the United States. Guaranteed loans—loans originated and funded by private lenders but guaranteed by the government—were eliminated because of a perception that they benefited private student loan companies at the expense of taxpayers, but did not help reduce costs for students."

Guess that system is gone.

The problem is that electricians, plumbers, carpenters or anything trade wise are not the folks that are targeted for a few reasons, mostly since there is no "traditional" college for those trades, those jobs all pay way more than what the entire sum of the schools that do exist cost and depending on whatever state you live in a good majority are union run. Somebody making 125k, or 250k for a family is not somebody who is going to be boondoggled with student loans, no matter how many people come out of the woodwork claiming to be so. Who does that leave? Teachers, doctors, scientists, lawyers, business degrees, engineering degrees, computer related degrees and then the "other". Teachers already have targeted approaches for their entire student loans to be completely forgiven from both federal and state; doctors and lawyers have an entirely separate way that they do college, and the jobs are also very very different, but lawyers on average would qualify. Scientists of some sort would qualify, but scientists is a catch all that includes things like biologist, all the way to accountant to a degree. This leaves engineering, business degrees and "other". The engineering depends heavily on what school you choose, and what followup job, but in my personal experience there are little to no engineers that are hard pressed and suffer because of student loans. I am completely against business degrees, and don't believe things like marketing, business management or PMPs should ever be eligible for loans. For me personally this leaves the "other" category along with say 10%-15% of a few of the other categories, but what does the "other" entail? Legitimately 4 year degrees like "fluidity of non-conscious movements of gendered allotments", "Humanities specified in the 12th century of an ancient pacific civilization", "Non-Specified specialty", "Generalist", "Musician", "Macro-Reverberations of past actions in the common civilization", "Colonial Racism" and lastly "Affirmed Universal Emotions and Wellbeing studies."

The issue is that the poor electrician you mentioned is the one that pays the piper for everybody, especially those who racked up huge debts and never even graduated because they didn't have the focus to finish school. This also includes bad grades, drop outs and people who have student loans that don't even pay taxes. I don't know how much of Canada pays taxes, but literally in the USA over 50% do not pay taxes, which means there is realistically another 40% of tax money that isn't even in play. Depending on what state, and the family situation "minimum wage" workers also will have to share the brunt, meanwhile they get no benefit even under the guise of it being strategic for the government to do. There also exists an entire host of people who never went to college for multiple different reasons who will now have to pay for those who didn't do the right thing who did go to college. There is a difference between helping people who are really struggling and that are over-burdened by student loans, but we are talking about less than a 1% thing, how do I know? Anybody who has student loans that would qualify for the 10k or 20k payback, just had to call and say "I don't make enough money" and they can get their monthly repayment amount all the way down to 0 even. If you owned say 160 monthly payments, all you would need to do is wait 160 months at $0, and the entire loan would be forgiven.

In a lot of cases high school graduates are shuffled off to higher education to figure out what to do with their life payed for by someone else. It has been my long standing that it’s backwards. Upon graduation get a job and learn to work THEN go on with your education! No need for BIG BUSINESS EDUCATION DEBT!

Biden just said MAGA Americans are a threat to democracy. He's attacking the American people. Crass doesn't begin to describe that guy.

Biden is unleashing all the power he holds, FBI, Justice and other departments on MAGA! And he wasn’t even……. Never mind!

Well, if your not E now you may be after 11/08. Or maybe after they make you wear a red T on your clothing....

Colleges can keep on charging whatever they want, funding won't dry up.
College has gone up over 2x the rate of inflation I the last 20 years.