The most prestigious law school admissions discussion board in the world.
|
 |
 
|
Trump Calmly Redlining out PSLF and PAYE before anybody gets forgiveness
Poast new message in this thread
Date: May 19th, 2017 3:41 PM Author: dark business firm kitty lol can you imagine being some Pace Law mouthbreather with $250K debt who voted for Trump? (http://www.autoadmit.com/thread.php?thread_id=3619796&forum_id=2#33345650) |
Date: May 19th, 2017 3:46 PM Author: marvelous station Yes (http://www.autoadmit.com/thread.php?thread_id=3619796&forum_id=2#33345681) |
 |
Date: May 19th, 2017 3:47 PM Author: dark business firm kitty (http://www.autoadmit.com/thread.php?thread_id=3619796&forum_id=2#33345689) |
|
Date: May 19th, 2017 3:49 PM Author: comical marketing idea i thought it was just PSLF (http://www.autoadmit.com/thread.php?thread_id=3619796&forum_id=2#33345705) |
|
Date: May 19th, 2017 3:50 PM Author: dark business firm kitty PSLF first because people are coming up for forgiveness soon, but PAYE will get axed in the next year or so, including retroactive. (http://www.autoadmit.com/thread.php?thread_id=3619796&forum_id=2#33345713) |
|
Date: May 19th, 2017 3:51 PM Author: comical marketing idea the way PSLF is written, you qualify for the OPPORTUNITY to be CONSIDERED for forgiveness. i think RE/PAYE is different though (http://www.autoadmit.com/thread.php?thread_id=3619796&forum_id=2#33345723) |
|
Date: May 19th, 2017 3:53 PM Author: dark business firm kitty Really doesn't matter what it says, Trump won't let the government/taxpayers take that hit. (http://www.autoadmit.com/thread.php?thread_id=3619796&forum_id=2#33345731) |
|
Date: May 19th, 2017 3:54 PM Author: marvelous station Too bad for him it's Congress who makes the final call. (http://www.autoadmit.com/thread.php?thread_id=3619796&forum_id=2#33345737) |
|
Date: May 19th, 2017 3:57 PM Author: comical marketing idea the courts also might have something to say lol (http://www.autoadmit.com/thread.php?thread_id=3619796&forum_id=2#33345770) |
|
Date: May 19th, 2017 4:03 PM Author: dark business firm kitty The government won't get stuck holding the bag here. Remember what happened when they made student loans non-dischargeable in bankruptcy over night:
Prior to 1976, student loans weren’t protected from bankruptcy proceedings. But that year, amid concern over high default rates, Congress passed legislation intended to safeguard federal investments.
The first version of the law put a ban on bankruptcy discharges for the first five years after a federal student loan was originated. It did include an undue hardship allowance that could discharge the debt earlier.
Two years later, lawmakers proposed a bill that would have returned bankruptcy rights to student loan borrowers. However, that legislation failed, and discharging federal loans through bankruptcy continued to be prohibited during the first five years after loan origination.
The law changed again in 1990, when the five-year rule was extended to seven years. In 1998, the law was revised again to remove any timeframe for allowable discharges, leaving undue hardship as the only way out.
Same shit will happen here, they will extend it out and eventually nix all forgiveness without ever forgiving a dollar. |
|
Date: May 19th, 2017 4:04 PM Author: Crystalline alcoholic cumskin PAYE pumo, are you on paye? You've been PAYE threading for literally years (http://www.autoadmit.com/thread.php?thread_id=3619796&forum_id=2#33345819) |
|
Date: May 19th, 2017 4:06 PM Author: Maize dysfunction clinton really shredded a lot of consumer protections during his time in office. he doesn't get called out often enough on this basis.
|
|
Date: May 19th, 2017 4:07 PM Author: Talented iridescent parlour Will income driven repayment plans still exist albeit without forgiveness (http://www.autoadmit.com/thread.php?thread_id=3619796&forum_id=2#33345849) |
|
Date: May 19th, 2017 4:09 PM Author: dark business firm kitty Yes, this will always exist. Basically just 15% a year til you die, but they will also take social security, 401k disbursements, etc.
Only way to actually get forgiveness will be to leave $0 to your heirs. |
|
Date: May 19th, 2017 4:13 PM Author: awkward goyim Bankruptcy is different than the CONTRACTUAL LANGUAGE contained in your promissory note. How do you not get that? (http://www.autoadmit.com/thread.php?thread_id=3619796&forum_id=2#33345893) |
|
Date: May 19th, 2017 4:20 PM Author: dark business firm kitty Historically, very tough to sue the government and win over something like this. Some more detailed analysis of this particular situation:
TLDR version: if you are hoping you can sue the government when your loan forgiveness is axed, you're most likey fucked. |
|
Date: May 19th, 2017 4:31 PM Author: marvelous station Some hero in the ninth circuit will grant specific performance (http://www.autoadmit.com/thread.php?thread_id=3619796&forum_id=2#33346046) |
|
Date: May 19th, 2017 3:53 PM Author: Deranged keepsake machete pay your loans deadbeats (http://www.autoadmit.com/thread.php?thread_id=3619796&forum_id=2#33345732) |
|
Date: May 19th, 2017 4:06 PM Author: Dashing Lake Casino Affirmative Action I'll become a trumpmo if he does this
never in a million years gonna happen though. at the very best it gets discontinued but still applies to current students/grads |
|
Date: May 19th, 2017 4:14 PM Author: dark business firm kitty We'll see in a few months. I'd be surprised if anybody gets anything forgiven through PSLF. At a minimum, it'll be capped at like $25K. Nobody is getting $300K forgiven lol. (http://www.autoadmit.com/thread.php?thread_id=3619796&forum_id=2#33345898) |
|
Date: May 19th, 2017 4:11 PM Author: Boyish athletic conference they should've read the fine print before taking out 300k. loans don't just get "forgiven" lol (http://www.autoadmit.com/thread.php?thread_id=3619796&forum_id=2#33345877) |
|
Date: May 19th, 2017 4:22 PM Author: Jet-lagged rehab PAYE pumo back in full force, lol. (http://www.autoadmit.com/thread.php?thread_id=3619796&forum_id=2#33345981) |