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"Smart and Sensible" Dynamic Loan Bill expands PAYE to 30 yrs

Looks like this bill that expands PAYE to 30 years for peopl...
Bistre circlehead foreskin
  08/22/14
Has anybody read the text of the bill? Could this shit be re...
canary very tactful pisswyrm
  08/23/14
It will bring everybody under a single umbrella so it would ...
Bistre circlehead foreskin
  08/23/14
WTF? That can't be right. If you make $200,000, you'd ...
crawly magical incel
  08/23/14
glad I got my 20 year PAYE locked in
titillating magenta locale
  08/23/14
...
canary very tactful pisswyrm
  08/23/14
people who are already on paye get theirs reduced to 15
Henna curious tattoo state
  08/23/14
SMART AND SENSIBLE!!!!!!!!!
beady-eyed confused shrine
  08/23/14
, he lisped
Trip turquoise kitty
  08/23/14
It also increases the amount to pay
canary very tactful pisswyrm
  08/23/14
the boomers are really starting to institutionalize their bl...
Diverse Onyx Double Fault Spot
  08/23/14
...
Snowy Patrolman
  08/23/14
this whole thing seems dysgenic. you're suppressing birth r...
Motley plaza genital piercing
  08/23/14
...
canary very tactful pisswyrm
  08/23/14
...
Trip turquoise kitty
  08/23/14
Pay your debts you fucking deadbeats
Startling plum sex offender mother
  08/23/14
(Earl)
Abusive Immigrant
  08/23/14
...
Blathering bawdyhouse
  08/24/14
lol, with what money?
Electric temple lettuce
  08/24/14
...
ungodly blood rage nursing home
  08/25/14
dysgenic fertility was a problem well before student debt be...
ungodly blood rage nursing home
  08/25/14
If I understand this right, doesn't this fuck current PAYE b...
charismatic gunner
  08/23/14
Extra decade of payments AND higher payments (10k exemption ...
canary very tactful pisswyrm
  08/24/14
Written to apply to all borrowers, including retroactive.
Bistre circlehead foreskin
  08/24/14
Are you basing this off of the shitty article you quoted or ...
canary very tactful pisswyrm
  08/24/14
I don't really think this will gain steam. Obama's plan went...
unholy ultramarine church
  08/24/14
...
canary very tactful pisswyrm
  08/24/14
...
canary very tactful pisswyrm
  08/25/14
http://www.govtrack.us/congress/bills/113/s2612 Prognosis...
canary very tactful pisswyrm
  08/25/14
Any word on Tax Bomb with this?
cyan regret
  08/25/14
http://www.govtrack.us/congress/bills/113/s2612 Prognosis...
canary very tactful pisswyrm
  08/25/14
spits 4 loko all over screen
Swashbuckling Center
  08/25/14
LOL at Dynamic Repayment Act supporters
canary very tactful pisswyrm
  08/25/14
...
Talented theater trump supporter
  08/25/14
...
canary very tactful pisswyrm
  08/25/14
...
titillating magenta locale
  08/25/14
...
canary very tactful pisswyrm
  08/25/14
...
canary very tactful pisswyrm
  08/25/14
Prognosis 1% chance of getting past committee.
canary very tactful pisswyrm
  08/25/14
...
canary very tactful pisswyrm
  08/26/14
...
canary very tactful pisswyrm
  08/26/14
...
canary very tactful pisswyrm
  08/26/14
so a 10% penalty against earnings for pretty much your entir...
Blathering bawdyhouse
  08/26/14
...
canary very tactful pisswyrm
  08/26/14
...
canary very tactful pisswyrm
  08/27/14


Poast new message in this thread



Reply Favorite

Date: August 22nd, 2014 11:30 AM
Author: Bistre circlehead foreskin

Looks like this bill that expands PAYE to 30 years for people with over $57.5K debt is gaining steam across both sides of the aisle.

http://bipartisanpolicy.org/blog/2014/08/19/senators-rubio-and-warner-introduce-smart-and-sensible-bipartisan-student-loans-bill



(http://www.autoadmit.com/thread.php?thread_id=2653219&forum_id=2#26182936)



Reply Favorite

Date: August 23rd, 2014 12:38 PM
Author: canary very tactful pisswyrm

Has anybody read the text of the bill? Could this shit be retroactively applied

(http://www.autoadmit.com/thread.php?thread_id=2653219&forum_id=2#26190127)



Reply Favorite

Date: August 23rd, 2014 4:18 PM
Author: Bistre circlehead foreskin

It will bring everybody under a single umbrella so it would apply retroactively:

"Under the proposed bill, all federal loan borrowers will be automatically enrolled in an income-based repayment program. The program, previously in existence but drastically underutilized, directly transfers 10 percent of the borrowers’ annual incomes from their monthly paychecks towards repayment of their debt, with an annual $10,000 income exemption clause. Those who select to prepay their loans can opt out of the new standard, choosing to pay off their loans on a faster, individualized timeline. The senators hope that the bill’s simplified payment method will limit the risk of debt default and make loan repayment more manageable- goals that both Republicans and Democrats can get behind."

(http://www.autoadmit.com/thread.php?thread_id=2653219&forum_id=2#26191181)



Reply Favorite

Date: August 23rd, 2014 7:44 PM
Author: crawly magical incel

WTF?

That can't be right.

If you make $200,000, you'd be forced to pay off your $20,000 balance in one year, even if you have 10 years left on the note.

I suspect shitty writing (or an incomplete excerpt).

(http://www.autoadmit.com/thread.php?thread_id=2653219&forum_id=2#26192321)



Reply Favorite

Date: August 23rd, 2014 12:41 PM
Author: titillating magenta locale

glad I got my 20 year PAYE locked in

(http://www.autoadmit.com/thread.php?thread_id=2653219&forum_id=2#26190147)



Reply Favorite

Date: August 23rd, 2014 4:16 PM
Author: canary very tactful pisswyrm



(http://www.autoadmit.com/thread.php?thread_id=2653219&forum_id=2#26191170)



Reply Favorite

Date: August 23rd, 2014 4:22 PM
Author: Henna curious tattoo state

people who are already on paye get theirs reduced to 15

(http://www.autoadmit.com/thread.php?thread_id=2653219&forum_id=2#26191208)



Reply Favorite

Date: August 23rd, 2014 4:22 PM
Author: beady-eyed confused shrine

SMART AND SENSIBLE!!!!!!!!!

(http://www.autoadmit.com/thread.php?thread_id=2653219&forum_id=2#26191209)



Reply Favorite

Date: August 23rd, 2014 4:23 PM
Author: Trip turquoise kitty

, he lisped

(http://www.autoadmit.com/thread.php?thread_id=2653219&forum_id=2#26191217)



Reply Favorite

Date: August 23rd, 2014 4:32 PM
Author: canary very tactful pisswyrm

It also increases the amount to pay

(http://www.autoadmit.com/thread.php?thread_id=2653219&forum_id=2#26191264)



Reply Favorite

Date: August 23rd, 2014 4:34 PM
Author: Diverse Onyx Double Fault Spot

the boomers are really starting to institutionalize their bloodsucking, aren't they.

(http://www.autoadmit.com/thread.php?thread_id=2653219&forum_id=2#26191286)



Reply Favorite

Date: August 23rd, 2014 4:38 PM
Author: Snowy Patrolman



(http://www.autoadmit.com/thread.php?thread_id=2653219&forum_id=2#26191311)



Reply Favorite

Date: August 23rd, 2014 7:00 PM
Author: Motley plaza genital piercing

this whole thing seems dysgenic. you're suppressing birth rates among the educated by suspending the sword of debt over their necks until their breeding years are over.

as a matter of public policy, it's pretty fucking putrid. thanks, boomers.

also, rubio is a gen-x'er. yet another example of gen-x desperately begging the boomers to let them lick their assholes. thanks, gen-x.

(http://www.autoadmit.com/thread.php?thread_id=2653219&forum_id=2#26192147)



Reply Favorite

Date: August 23rd, 2014 7:22 PM
Author: canary very tactful pisswyrm



(http://www.autoadmit.com/thread.php?thread_id=2653219&forum_id=2#26192245)



Reply Favorite

Date: August 23rd, 2014 7:23 PM
Author: Trip turquoise kitty



(http://www.autoadmit.com/thread.php?thread_id=2653219&forum_id=2#26192252)



Reply Favorite

Date: August 23rd, 2014 7:27 PM
Author: Startling plum sex offender mother

Pay your debts you fucking deadbeats

(http://www.autoadmit.com/thread.php?thread_id=2653219&forum_id=2#26192264)



Reply Favorite

Date: August 23rd, 2014 7:28 PM
Author: Abusive Immigrant

(Earl)

(http://www.autoadmit.com/thread.php?thread_id=2653219&forum_id=2#26192266)



Reply Favorite

Date: August 24th, 2014 5:13 PM
Author: Blathering bawdyhouse



(http://www.autoadmit.com/thread.php?thread_id=2653219&forum_id=2#26197308)



Reply Favorite

Date: August 24th, 2014 5:18 PM
Author: Electric temple lettuce

lol, with what money?

(http://www.autoadmit.com/thread.php?thread_id=2653219&forum_id=2#26197320)



Reply Favorite

Date: August 25th, 2014 11:56 AM
Author: ungodly blood rage nursing home



(http://www.autoadmit.com/thread.php?thread_id=2653219&forum_id=2#26202345)



Reply Favorite

Date: August 25th, 2014 11:56 AM
Author: ungodly blood rage nursing home

dysgenic fertility was a problem well before student debt became a major issue. the mean IQ has been decreasing an IQ point per decade since the victorian times. this sounds small, but it seriously decreases the number of people at the high end of the IQ distribution.

http://www.sciencedirect.com/science/article/pii/S0160289613000470

before someone says, "but the flynn effect!" they should realize the flynn effect does not reflect a change in general intelligence (whereas reaction time indicates basic neurological integrity). the only non-coercive solution to this problem is technological.

(http://www.autoadmit.com/thread.php?thread_id=2653219&forum_id=2#26202340)



Reply Favorite

Date: August 23rd, 2014 7:46 PM
Author: charismatic gunner

If I understand this right, doesn't this fuck current PAYE bros and people trying to get on PAYE in the near future? It's an extra decade of payments.

(http://www.autoadmit.com/thread.php?thread_id=2653219&forum_id=2#26192328)



Reply Favorite

Date: August 24th, 2014 4:54 PM
Author: canary very tactful pisswyrm

Extra decade of payments AND higher payments (10k exemption instead of 150% poverty, and I don't know if this bases it off of agi like current payments). If this applied retroactively I may leave country

(http://www.autoadmit.com/thread.php?thread_id=2653219&forum_id=2#26197164)



Reply Favorite

Date: August 24th, 2014 5:08 PM
Author: Bistre circlehead foreskin

Written to apply to all borrowers, including retroactive.

(http://www.autoadmit.com/thread.php?thread_id=2653219&forum_id=2#26197276)



Reply Favorite

Date: August 24th, 2014 5:09 PM
Author: canary very tactful pisswyrm

Are you basing this off of the shitty article you quoted or the text of the bill

(http://www.autoadmit.com/thread.php?thread_id=2653219&forum_id=2#26197283)



Reply Favorite

Date: August 24th, 2014 4:59 PM
Author: unholy ultramarine church

I don't really think this will gain steam. Obama's plan went through via executive action. This will fail because it will have to pass both houses - and people on both sides of the aisle will likely vote against it.

(http://www.autoadmit.com/thread.php?thread_id=2653219&forum_id=2#26197197)



Reply Favorite

Date: August 24th, 2014 5:01 PM
Author: canary very tactful pisswyrm



(http://www.autoadmit.com/thread.php?thread_id=2653219&forum_id=2#26197223)



Reply Favorite

Date: August 25th, 2014 11:44 AM
Author: canary very tactful pisswyrm



(http://www.autoadmit.com/thread.php?thread_id=2653219&forum_id=2#26202280)



Reply Favorite

Date: August 25th, 2014 5:33 PM
Author: canary very tactful pisswyrm

http://www.govtrack.us/congress/bills/113/s2612

Prognosis 0% chance of being enacted

(http://www.autoadmit.com/thread.php?thread_id=2653219&forum_id=2#26204388)



Reply Favorite

Date: August 25th, 2014 5:36 PM
Author: cyan regret

Any word on Tax Bomb with this?

(http://www.autoadmit.com/thread.php?thread_id=2653219&forum_id=2#26204409)



Reply Favorite

Date: August 25th, 2014 5:40 PM
Author: canary very tactful pisswyrm

http://www.govtrack.us/congress/bills/113/s2612

Prognosis 0% chance of being enacted

(http://www.autoadmit.com/thread.php?thread_id=2653219&forum_id=2#26204439)



Reply Favorite

Date: August 25th, 2014 5:41 PM
Author: Swashbuckling Center

spits 4 loko all over screen

(http://www.autoadmit.com/thread.php?thread_id=2653219&forum_id=2#26204453)



Reply Favorite

Date: August 25th, 2014 5:44 PM
Author: canary very tactful pisswyrm

LOL at Dynamic Repayment Act supporters

(http://www.autoadmit.com/thread.php?thread_id=2653219&forum_id=2#26204470)



Reply Favorite

Date: August 25th, 2014 5:43 PM
Author: Talented theater trump supporter



(http://www.autoadmit.com/thread.php?thread_id=2653219&forum_id=2#26204461)



Reply Favorite

Date: August 25th, 2014 6:01 PM
Author: canary very tactful pisswyrm



(http://www.autoadmit.com/thread.php?thread_id=2653219&forum_id=2#26204584)



Reply Favorite

Date: August 25th, 2014 6:16 PM
Author: titillating magenta locale



(http://www.autoadmit.com/thread.php?thread_id=2653219&forum_id=2#26204690)



Reply Favorite

Date: August 25th, 2014 6:18 PM
Author: canary very tactful pisswyrm



(http://www.autoadmit.com/thread.php?thread_id=2653219&forum_id=2#26204712)



Reply Favorite

Date: August 25th, 2014 10:53 PM
Author: canary very tactful pisswyrm



(http://www.autoadmit.com/thread.php?thread_id=2653219&forum_id=2#26206644)



Reply Favorite

Date: August 25th, 2014 10:55 PM
Author: canary very tactful pisswyrm

Prognosis

1% chance of getting past committee.



(http://www.autoadmit.com/thread.php?thread_id=2653219&forum_id=2#26206653)



Reply Favorite

Date: August 26th, 2014 1:11 AM
Author: canary very tactful pisswyrm



(http://www.autoadmit.com/thread.php?thread_id=2653219&forum_id=2#26207631)



Reply Favorite

Date: August 26th, 2014 9:16 AM
Author: canary very tactful pisswyrm



(http://www.autoadmit.com/thread.php?thread_id=2653219&forum_id=2#26208767)



Reply Favorite

Date: August 26th, 2014 1:34 PM
Author: canary very tactful pisswyrm



(http://www.autoadmit.com/thread.php?thread_id=2653219&forum_id=2#26210148)



Reply Favorite

Date: August 26th, 2014 1:38 PM
Author: Blathering bawdyhouse

so a 10% penalty against earnings for pretty much your entire working career is supposed to be a good thing?

fix the problem. discourage kids from going to college who don't belong there. put downward pressure on tuition. put downward pressure on salaries.

(http://www.autoadmit.com/thread.php?thread_id=2653219&forum_id=2#26210174)



Reply Favorite

Date: August 26th, 2014 9:32 PM
Author: canary very tactful pisswyrm



(http://www.autoadmit.com/thread.php?thread_id=2653219&forum_id=2#26213277)



Reply Favorite

Date: August 27th, 2014 3:12 PM
Author: canary very tactful pisswyrm



(http://www.autoadmit.com/thread.php?thread_id=2653219&forum_id=2#26218501)