$127 Billion in Student Loan Debt BEING CANCELED! 

Millions of people who were swindled by scam schools are getting released from those loans. I'm afraid you don't know the entire story. Look up Sweet Vs. Cardona. You're creating outrage against people who have been swindled by for profit schools.

I saw on the U.S. Drought Monitor page that Florida has drought in the western half of the state but not in the eastern half - I also heard about the crazy amount of rain Fort Lauderdale got this year - they have about 40 inch surplus this year? Wild.

Michael & Lisi 🧡💛💚 Just want you to know we are as soaked in Louisiana as y'all are in Florida. Haven't seen the sun in days. I hope you aren't having flooding issues. I've been having some health issues. Never had these issues before. I'm told it's because it's sugar cane season. My lungs don't breathe so well in this humidity filled with all the junk in the air. It gets pitch dark @ 5pm every day now. Some people have all their Christmas decorations up already 🌲⛄❄️☃️🎄🎁🎀🦌🌨️

Print away the dollar and this is all inflationary ; and of course take care of goverment workers what a surprise .

At least this is all legal. These are mostly people who have been paying for at least 25 years. Little did they know that a law from 1965 said that after 25 years of paying; they could stop. I'm 100% against clearing all the debt but don't mind people who have been making monthly payments for 25 years having their debt wiped out.

I thought at first I was looking at Fox Mulder from the X-Files!

LOL 😂

😂

If we walked passed me thenI wouldn't know who it was...

​@edwinwebber5776 looks like Magnito from the Xmen more too me😂

Waste, think of how much more fulfilled and happy he'd be if he would have given chunks of that to homeless anytime he'd see them on the streets in his area.

He didn’t need a multi million dollar house🤔 yeah I smell something there!!

How ridiculous, those loans were so abused! 😢

I’m sure it’s trumps fault. 🤪

It depends on how many employees a bus had. My cousin w 200+ cleaning bus got 750k. Those ppp loans turned into govt grants once paperwork asking for forgiveness were filed. Maybe the roofer had 800 employees.

Right on

Its not that simple. Once they identify the fraudsters, prosecute then how do they pay back for some millions they illegally received. Those people spent that money unfortunately.

Why was the government giving away currency anyway?? The government is the problem, not the people who got the loans and grants

Totally agree

That’s a big issue with tax money going to private businesses in the first place. It should never happen. Just like tax payers paying for professional sports stadiums. It’s a gross misuse of tax money. But then, the government never had the right to make businesses close either. The lockdown was a very bad idea, especially after the first 2 weeks once we knew what we were dealing with.

Excellent point of view. My POV is that they will never get this out of me and I don't have kids so go ahead and forgive the debt. I won't be around to pay for it.

Same here. Feels like we are legit getting robbed blind by how much money is being sent to other countries to fund war and how much goes missing.

Well, what is missing here, is that the majority of student loan forgiveness going on right now are people who were swindled into high interest student loans at scam for profit diploma mills. The department of Ed isn't just randomly handing out loan forgiveness. They are following up on loan forgiveness for those who filed complaints years ago, and were ignored, or the department never had the resources to get to.

I '50%' agree. Gov should've wipe off the interests, freeze and forgive portion of payments for a time period depending on your income - to - debt ratio and job category. The u.s. gives tons of money to other countries overseas on the backs of the middle class taxed income

​@Stanley-px3bt Great post. Everyone always brings up the "Lesbian Basket Weaving Theory" majors, but conveniently omits the wave of predatory for-profit colleges in the 90s-2000s

No longer? How about never have been.

DEI workers are expensiveeee. Gotta out woke the other colleges. That's why tuition keeps going up. You need 20 diversity and equity investigators to make sure that there aren't too many white students

@@keashablew7728 That's not true. Degrees used to be rare and affordable. It's really the last 20-25 years where they have become extremely expensive and everyone has one.

College degrees use to be worth something 40 years ago. Now everyone has some sort of degree. The pool of people with college degrees is massive and they need a high salary to pay them back.

I mean not necessarily. The US is the only "developed" nations whose university cost are unbelievable expensive. Doesn't necessarily mean the degrees are worthless but more so that there is collusion in that sector. It should be made illegal just like price gouging is

Probably because he's part of the giant corporations lobby that receives a kickback through investments.

Thank you! Most people don't seem to know this!

From what I understand, the majority of the people getting this forgiveness are middle class workers like nurses. I’ll do whatever I can to support the middle class because it’s shrinking as the wealth gap expands. I’m beyond furious and tired of hearing about executives getting salaries in the multi-millions, or worse when they get fired they get a multi-million dollar severance package. Meanwhile workers don’t get pay increases to keep up with inflation.

@@Maggie-zr2ow Thank you! ❤️

I borrowed 49k, worked as a teacher for 10 years, paid on loan for 10 years, and then PSLF paid off the loan. The underreported issue is that to be in the program you are required to be on the “Income Based Repayment Plan”. I paid for 10 years, the ending balance was 63k, 14k more than I borrowed! My payments didn’t even cover the 6% loan interest. Let’s say I quit the teaching job after 5 years, I would have owed more than I borrowed after paying for 5 years.

Fix these problems, don't promote further inequities.

They could do both if they really wanted or cared

Our medical system is screwed up. We are all one diagnosis away from bankruptcy

AGREED

Thats why they have medical insurance... there is no student loan insurance.... when parents die or you get really hurt and cant finish your degree but ur stuck with these payments and cannot bankrupt out of them ... medical bills can just be erased in bankruptcy... they are preying on kids that cant even buy a cellphone because they have no credit but you can sign on to 30k+ in unforgivable debt.... hmmmm

@@PlayaX01I am choosing both.

Great. . Then give me 200 thousand from your account. Since it's just thin air. Waiting

like using a credit card.....eventually it all needs to be paid with interest.

hes talking about the govt/fed not me and you are responsible@@rockytop6077

Billions sent overseas

I agree. But I'd like to get some free money too. But none seems to be coming.

Two wrongs don’t make a right. But, way to deflect!

@@danielvillareal2569 I agree, the forgiveness is not only not a solution but could potentially could make the problem worse going forward. The real solution to the student debt crisis is to get the government out of backing student loans, force the colleges to give out the loans themselves and be able to mortgage and cancel or repossess a degree that the student doesn’t pay the loan on.

@@benton-bentonPlenty of free money to go all around, you just need to make your bri- ... er, I mean contributions!

Just junk stores by me FROM 4 and 5* 😝😝😝😝

Mhmm. Also, I'd rather it be going to people's education rather than funding illegal wars abroad

👏🏽👏🏽👏🏽👏🏽👏🏽👏🏽👏🏽

do you think just because they decide to forgive some student loans they aren't taking that money anyways? It all needs to stop and focus on America and our infrastructure

I’d rather they all take responsibility for themselves!

@@giselle_kvmWhat is an “illegal war”?

U have to Have Ins to Get Ins.. SIMPLE

You totally missed the point. People had insurance they got forced to another company (because it fell into the 20 percent) and they get it and the business pulled it. It’s called, a switcheroo

@@jimshoe402 So simple you missed the point and the class. Take a lunch break and gather your thoughts..

yeah he was rolling on him fast lol

Mostly high end stores in that mall. Much like the Forum Shops at Czars Palace in Vegas, or Rodeo Drive in Beverley Hills,

​@@iworkout6912 yep... I think all stores will be down though from Target to Chanel.

Sad😢

For some strange reason that never gets mentioned by a certain element, the Trump tax plan added, record-breaking trillions of dollars to our national debt to aid, wealthy, taxpayers, and even wealthier corporations, many of whom pay little to no taxes. Once again, Anne Oso, predictively, trickle down economics, didn’t work on it. This student loan forgiveness is a drop in the bucket compared to those amounts. We need full disclosure on everything as taxpayers.

Yes, no one complains about that for some reason.

yeah but its also a week from black friday. The malls probably not offering any deals and most go online

@@novadhd To be fair, it has been raining like the crazy of the last several days. No one is going to the mall in that weather. I'm sure the economy is part of the problem but on days like that, most people stay home.

dont sign the loan?

college and universities are getting RICH on student loans. The career counselors dont care if you get an art degree. they just want that money. They all should be held accountable. Plus We should not be paying the bill either. We re paying the bill for other peoples stupidity.

You left out half of it. College is mostly a racket and those institutions charged those prices to begin with.

@@mikesrandomvideos AMEN MIKE

Pay your loan, stop your whining

Pretty much true with any loan right now. I have a very modest HELOC and the interest I pay every month makes be feel like it will be never ending. I now add a couple hundred each month to pay down the loan.

Uh, wait, what? I haven't felt safe in the USA since the early '90s riots. Where have you been? There are 400 million guns and 50% of the population with one. At least 15% of those people are crazy, depressed, or on mind altering drugs. How is can security be maintained? IDK how, and I'm in the business of security and risk management.

We avoid malls, parades, concerts…pretty much anything that draws a big crowd. The majority of Americans support a universal background check so why don’t we have one?

What does that have to do with anything financial related 😂

It will cause less responsibility in the future. Why not make these schools reduce tuition? Socialism for the people pushing Socialism!

What came first the chicken or the egg?

I’d rather pay students’ education rather than funding wars or tax cuts for the rich or corporations

Clueless. Sure, give up on Ukraine & you or your kid for sure will be soldiers. That will save you all the worries about debt - surviving the russians will be the only thing on your mind. It’s happening. They started the war, and you r just further away, but not out of the way.

Really good point of view

Guess what your doing now they don't have to pay those people that much now lmao

The lesser of two evils 😂

I’d rather they ALL take responsibility for themselves, like I have had to do my entire life!

@@danielvillareal2569 same

Abbot is a good man. I almost can’t believe I said that about a politician….

If possible can you share the info, thanks.

Like 50 years ago Drug Dealers got out With Their Money !!!!!😁😁😁😁

I think you find most of the election deniers are old farts and they are proudly thumbing their nose at the rule of law, so its not an age issue.

It’s not a tit for that proposition

Someone find me the world's smallest violin 🎻

What year was that lol 2008? Get real it’s 2023 and it’s 1000 times worse for us young adults

Exactly. That is what bothers me ( I too had to continually work, go back to school and paid for it, rinse, repeat, work for the government off and on). We learned to pivot and survive with every economic downturn . Now we are paying for those who want out of debt they incurred on themselves?? No, that's not right.

I paid for mine myself too. same way. parents offered to pay and I said no way. It was hard but what I learned was much more valuable than the education I got. They should disallow student loans or let them be included in bankruptcy because the banks and finance companies wont give them out. They would look at the risk and reward and do proper consideration. then the universities (businesses of education) would not be so entitled to get money from unsuspected citizens.

You had a miserable path to get your education, that no one should have to do in the richest nation on earth, but your response is to wish that on others. Ok.

I had to work through college too, I had 3 jobs (including Loading trucks overnight at UPS), and still had had to pay off student loans when I graduated. I was fortunate I graduated with only $20,000 in student load debt, and had a good job working in IT to be able to pay it all off in just 3 or 4 years. But really I had no idea what I was really getting into when I was a student, I just knew signing the loan meant going to class that semester, not signing the loan meant having to drop out. So you sign the loan so you can go to class. I didn't even realize how much I actually would owe until I graduated and the bills started to come. We have to understand these young people are not as financially sophisticated as we might think they are. The Government by backing all these loans has given Colleges a license to charge whatever exorbitant fees they want knowing full well the Government will cover all of it. But it leaves the students holding the bag debt wise. I do think the Government has a major role in the student debt problem. We want students to graduate and be able to support themselves. Not come out of College hundreds of thousands of dollars in debt, you can't be a productive member of society if you are saddled with such debt that you can't even mitigate with bankruptcy. And who put that bankruptcy restriction in ? The government did. Loan forgiveness (which I agree with) is merely the first step. To stop this problem the Government has to put in some limits on how much loan amount they will back. That will force Colleges to keep their fees inline with what the government will back. Without that, this loan forgiveness is just a speed bump, they need to do it again in 10 years when the next group of students get saddled with large student loan debts.

I had to drop out of College because I had to work and raise my kids. My Husband and I always worked very hard and bought everything on our own. I have no regrets and can handle any kind of tragedy that comes my way. People can't handle any pressure anymore. I'm worried about the future for them.

I’m hardly seeing any ads for black friday

No.

Free? We’ll get what we pay for.

It's already heavily subsidized, as they increase tuitions at confiscatory rates and operate as "non profits" so pay no taxes as they make money hand over fist.

And animosity will come next 🤛

Those taxes are going to war, billions upon billions.

I worked 50hr+ a week last year. And made $70k. My kids are adults. State and federal taxes totalled $20k. I ended up with $50k. Or equivalent of only $1k a week for my entire weeks energy. That trade is crap and I got so mad I quit!

I have learned it’s far less stressful to want less and enjoy the handouts Can’t beat em join em kinda deal Currently getting awesome free health care for the family Myself, wife and our 8 year old And 750$ a month in Florida EBT My modest house and both vehicles paid off completely We have zero debt. We play poor for the exact reasons you describe, I’m not trading all that 50 hrs a week energy for 1k when it’s all said and done. We have side hustles that keep us tax free. The crazier this government gets the more I’m gonna take advantage and get every little thing I can out of them. We are also doing our part to break the economy 😂. Haven’t been to a restaurant in 18 months We only eat home cooked food No soda no processed Very limited sugar We don’t shop and we are insane do it yourself ers. I put almost zero money into the economy And damn proud of it

@@matthewsmith2362genius

The people that took the loan should be paying for this!!!

@@danielvillareal2569 Yes, but if government insists on forgiving, best alternative are the universities. Every university should publish a roi report for their majors.

these borrowers signed the contracts KNOWING the interest charges, they should be liable. Also people going to expensive schools for worthless degrees is their own problem when community colleges are far cheaper but not as glamorous

@@t4nk3d402 👍

@@t4nk3d402 I went to community college. Still had to borrow. Tuition went up 100%/year while I was attending. Even locked in at 2% interest rates I got charged $7k in fees on a $20k loan. Blame the colleges, not the students they lied to.

Your point? Nothing can be paid off if you wait long enough. Or have other people bail you out. I will be waiting for my 20,000. And remember I didn't go to college because of pure pressure. You know like a bitch

​@dylanvanhoorne3191 that was an incoherent rant about nothing. I think you forgot to take your meds friend.

Exactly... it's all bad debt that will never be recovered. Bankruptcy protection for student loans was removed so this is the only chance for people with unmanageable debt to get relief.

@@recordrabbit you notice how Michael is never mad at well heeled people that use homestead exemptions in bankruptcy? Somehow that’s okay, but people that got sold a bag of bullshit or had life happen are welfare queens. I get that he’s a libertarian clearly, but his selective anger bothers the hell out of me. Or mortgage forebearance that’s literally just about to expire for like 80% of mortgage holders. Meanwhile he spends a lot of time on people that can’t pay back their student loans and the homeless. Dude comes across as he just hates poor people and can’t imagine a scenario where that’s him.

@@davidmann2524 It's classic narcissism. He gets his narcissistic supply from making videos based on outrage porn.

Watch TV No it Didn't Way Left..

Exactly!

👍

yea but they need to change things up for the future of student loans or we will just pay for this over and over. Colleges and private universities are getting rich on student loans and we are paying for it. Do you feel ok paying 200 a month in taxes for that?

It diesn't fix the problem.

I worked my butt off and paid my loans off. what is in it for me??????

Also requesting to do a walk thru show at Boca Raton Mall in Glades Ave.

actually I have been to Aventura Mall many times - it is bustling compared to other malls in other states - maybe it was a slow day because of the tremendous down pour of rain - the Miami area had plenty of rain and wind gusts of up to 70 mph just yesterday- I saw Tom Brady at the Aventura Mall last year - on the topic of the rich and famous it would maybe interest your audience if you visited BalHarbor Shops also in the Miami area - that is a shopping paradise for the rich - it is a cute set up - with fountains - it has all the high end brand name stores set up as boutiques - I saw a woman's jacket cost $20,000- the only reasonable thing to do there as far as cost goes is order a pizza at the restaurant there

As an owner of an arcade in our mall for over a decade... Our issue was the cops! They wanted $80 an hour for security. The mall could not afford that for two officers... and if you called the police? They would not show up for hours... and straight tell you that you should have paid their off duty officers the $80 an hour! Blue gang It didn't take long after that, maybe a year or so.

@@williamlyons3947 lol. Ya have no idea. We had so many people at the mall they had to change the policy. Our last day was the day they closed for covid. And rent... you're a fool. Tell me how much it was a square foot? No. It wasn't.

@@Mr.EeToMyselfI’m from Omaha ne The 4 major indoor shopping malls were all closing completely or already closed and torn down I moved in 2015 In the Tampa area the malls are a shell of their former glory. I was in citrus county for the Covid year and they have 2 large malls that fell from grace in the 2010s The guy is right about rent Simon properties price per sq foot is way to high. I personally did the math a few different times and decided to open my businesses in strip malls instead. The malls rents were just to high to make sense.

Except you can't declare bankrupcy on student loan debt like you can with all other debt.

@@YouAreAsleep And they can garnish your wages if you dont pay.

And compounding interest. It’s not the same.

beautiful ones he needn't cover

I got forgiveness under the PSLF program. There is no tax on it.

Right on

Yes, I’ve noticed that too, gasoline has come down enormously, I believe inflation is around 3.7 to 3.8%

@@manbtm1 I'm not going to guess the percentage. I'm sure that the government fudges the numbers to make it palatable for the masses. But any relief at the grocery store is always welcomed.

You might have a point except for the fact that bankruptcy exists except for student loans. Our previous President had six bankruptcies to his credit.

No actually because colleges are overpriced to begin with. Are you also angry about corporate bailouts?

It isn't irresponsible to have student loans. People who have student loans pay as much tax as anyone else, and would be able to pay their student loans off sooner if they didn't have to pay a huge chunk of their paychecks to taxes. Why don't working people who have student loans have a choice about where their tax money goes? Do you really think people who don't have student loans are paying all the taxes and bearing the burden of those who do? The way I see it, most tax money goes to the military, and the rest, a small amount, goes to towards helping society. If your gripe is about the waste of tax payer money and it not going towards worthwhile causes, you're barking up the wrong tree.

Colleges are overpriced because of the easy loans, one reason why free money was a bad idea...and of course I hate bailouts, I absolute detest the too big to fail and so many other things.@@dr3armer

​@bonzocleach2496 what is that..about one every eight years..over the last 48 years? So rack up debt then go bankrupt over and over? Hum

BS.

Hmmm, how is it BS?

Telling 20 somethings to start their adult lives by going deep into debt for most likely jobs that aren’t going to pay shit….are you saying that’s good advice?