Current Events > DeVos cancels $150M in student loan debt after losing court battle.

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LightningAce11
12/14/18 6:38:53 AM
#1:


The Trump administration said Thursday it will cancel thousands of borrowers federal student loans, carrying out an Obama-era policy that Education Secretary Betsy DeVos had fought to kill.

The move comes as DeVos is being forced to implement a package of regulations that created more protections for student loan borrowers who were affected by a school closure or defrauded by their college.

A federal judge in September ruled that DeVos' efforts to stop the 2016 borrower defense regulations from taking effect was illegal. And in October, the same judge rejected a bid by for-profit colleges to immediately stop the regulations, clearing the way for them to take effect.

Education Department officials said Thursday that they will cancel the loans of about 15,000 borrowers who qualified for closed school loan discharges but who havent yet applied for that benefit. Those student loans total approximately $150 million.

Department officials said they would begin notifying borrowers Friday by email that they will receive the loan discharges. Borrowers will not have to take any action, but the process could take as long as 90 days to complete.


https://www.politico.com/story/2018/12/13/betsy-devos-student-loans-1063442

Why must people suffer so much just for education?
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CyricZ
12/14/18 6:41:28 AM
#2:


This is how our government helps. Kicking and screaming.
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CyricZ
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Dat_Cracka_Jax
12/14/18 6:43:26 AM
#3:


I guess i shouldn't have been responsible and pay all my loans off in hopes of a handout
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RickyTheBAWSE
12/14/18 6:45:29 AM
#4:


I wonder what is inside of some people that makes them get upset any time people other than themselves are being helped.
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cmiller4642
12/14/18 6:47:23 AM
#5:


Good
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WheezinEd
12/14/18 6:47:41 AM
#6:


LightningAce11 posted...

Why must people suffer so much just for education?

If all you want is an education, there are libraries and the internet where you can get it for free. Going to college is an investment.
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Kombucha
12/14/18 6:49:31 AM
#7:


Dat_Cracka_Jax posted...
I guess i shouldn't have been responsible and pay all my loans off in hopes of a handout


You might want to read.
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CyricZ
12/14/18 6:53:29 AM
#8:


WheezinEd posted...
LightningAce11 posted...

Why must people suffer so much just for education?

If all you want is an education, there are libraries and the internet where you can get it for free. Going to college is an investment.

If we just hand people the materials without a teacher's guidance, we end up with Internet geniuses like yourself who get a portion of the facts, think they're smart, then say stupid shit without taking into account supporting research, critical thinking, etc. There's a reason schools have teachers instead of just books. We've been using such a system for millenia.

Unless you do want more of that to bring the playing field down to your level, in which case, well played.
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WheezinEd
12/14/18 6:59:20 AM
#9:


CyricZ posted...

If someone isn't smart enough to educated themselves, they'd probably be wasting their money on college anyway.
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catboy0_0
12/14/18 6:59:49 AM
#10:


Dat_Cracka_Jax posted...
I guess i shouldn't have been responsible and pay all my loans off in hopes of a handout

this is how you choose to start your carCEer. with horribly bad shitposting
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CyricZ
12/14/18 7:02:39 AM
#11:


WheezinEd posted...
If someone isn't smart enough to educated themselves

I rest my case.
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A_Good_Boy
12/14/18 7:03:09 AM
#12:


WheezinEd posted...
CyricZ posted...

If someone isn't smart enough to educated themselves, they'd probably be wasting their money on college anyway.

Ayechihuaha
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WheezinEd
12/14/18 7:04:21 AM
#13:


CyricZ posted...
I rest my case.


You have no case.
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catboy0_0
12/14/18 7:04:44 AM
#14:


I have no book
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RickyTheBAWSE
12/14/18 7:10:44 AM
#15:


books don't exist outside of prisons anyway
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catboy0_0
12/14/18 7:19:40 AM
#16:


RickyTheBAWSE posted...
books don't exist outside of prisons anyway

is that is what is meant by the expression "threw the book at" them?
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_Lyonidias
12/14/18 7:20:19 AM
#17:


CyricZ posted...
This is how our government helps. Kicking and screaming.

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Dat_Cracka_Jax
12/14/18 7:21:43 AM
#18:


catboy0_0 posted...
Dat_Cracka_Jax posted...
I guess i shouldn't have been responsible and pay all my loans off in hopes of a handout

this is how you choose to start your carCEer. with horribly bad shitposting

CarCEer?
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catboy0_0
12/14/18 7:22:44 AM
#19:


posting career
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RickyTheBAWSE
12/14/18 7:32:35 AM
#20:


catboy0_0 posted...
RickyTheBAWSE posted...
books don't exist outside of prisons anyway

is that is what is meant by the expression "threw the book at" them?


yup. and once the book is thrown, hopefully somebody on the outside can put money on them.

sucks being broke behind bars.
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MrMallard
12/14/18 7:37:25 AM
#21:


Finally some good news
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Kineth
12/14/18 7:41:33 AM
#22:


CyricZ posted...
This is how our government helps. Kicking and screaming.


Well put.
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Knowledge_King
12/14/18 8:56:20 AM
#23:


People could like....pay off their loans or not take loans they can't pay.
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A_Good_Boy
12/14/18 9:04:17 AM
#24:


Knowledge_King posted...
People could like....pay off their loans or not take loans they can't pay.

Herpa derpa
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BLAKUboy
12/14/18 9:06:46 AM
#25:


Of course the usual suspects can't read.
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Black_Rarity
12/14/18 9:07:34 AM
#26:


Now we get to pay off the debt v_v
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A_Good_Boy
12/14/18 9:16:30 AM
#27:


Black_Rarity posted...
Now we get to pay off the debt v_v

You already were.
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#28
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Jagr_68
12/14/18 9:25:17 AM
#29:


How about the government take one step further and get fire her shit-for-brains candy ass.
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GiftedACIII
12/14/18 9:25:40 AM
#30:


womp womp
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Damn_Underscore
12/14/18 9:31:09 AM
#31:


What happened to the "should have known better" attitude that the island missionary got on this board?

It's a good thing that these people are getting their money back because they were defrauded, but it's been common knowledge for awhile that going to a for-profit university (or a non-regionally accredited college in general) is a terrible idea. Many if not all of the people in this case could have found out with a Google search that the college they were going to had no credibility, and giving them their money was a terrible idea. In that sense, the people getting their money back are very fortunate. They did something stupid and got out of it.

When is the government going to pay back everyone who took out a payday loan?
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BonBonTheCutest
12/14/18 9:31:14 AM
#32:


These kids are just going to go else where to get their basket weaving degrees and take out more loans.
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#33
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Damn_Underscore
12/14/18 9:35:17 AM
#34:


shockthemonkey posted...
Damn_Underscore posted...
What happened to the "should have known better" attitude that the island missionary got on this board?

This is the dumbest comparison imaginable


Because it doesn't fit your narrative.
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BonBonTheCutest
12/14/18 9:35:56 AM
#35:


Damn_Underscore posted...
shockthemonkey posted...
Damn_Underscore posted...
What happened to the "should have known better" attitude that the island missionary got on this board?

This is the dumbest comparison imaginable


Because it doesn't fit your narrative.
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A_Good_Boy
12/14/18 9:37:10 AM
#36:


Lmao at needing your alt to back you up.
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TheMikh
12/14/18 9:37:34 AM
#37:


i wonder how that's all being paid for
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bover_87
12/14/18 9:38:18 AM
#38:


A_Good_Boy posted...
Lmao at needing your alt to back you up.

That's not his alt, just a user who shitposts even more than he does.
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#39
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catboy0_0
12/14/18 9:40:46 AM
#40:


shockthemonkey posted...
Damn_Underscore posted...
shockthemonkey posted...
Damn_Underscore posted...
What happened to the "should have known better" attitude that the island missionary got on this board?

This is the dumbest comparison imaginable


Because it doesn't fit your narrative.

Thats the dumbest cop out for the dumbest comparison imaginable

u mad
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Damn_Underscore
12/14/18 9:44:14 AM
#41:


How is it a dumb comparison?

Missionary goes to island with primitive society that is known to kill outsiders: "What an idiot, I have no sympathy for his stupidity"

People give their money to a for-profit university and that attitude is nowhere to be found. I wonder why.

If you read the rest of my post, legally and morally the people here are right to get their money back. But they all made a really stupid move and are lucky to get out of it.
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A_Good_Boy
12/14/18 9:46:07 AM
#42:


Your comparison requires a few extra sentences and paragraphs for it to square up accurately. It's not at all a good comparison.
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#43
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Teddytalks
12/14/18 9:46:16 AM
#44:


Damn_Underscore posted...
What happened to the "should have known better" attitude that the island missionary got on this board?

It's a good thing that these people are getting their money back because they were defrauded, but it's been common knowledge for awhile that going to a for-profit university (or a non-regionally accredited college in general) is a terrible idea. Many if not all of the people in this case could have found out with a Google search that the college they were going to had no credibility, and giving them their money was a terrible idea. In that sense, the people getting their money back are very fortunate. They did something stupid and got out of it.

When is the government going to pay back everyone who took out a payday loan?


College is literally an investment, one that many are just thrown into without much thought. How many Doritos did you eat thinking you are smarter than the goddamn judges that read law for living?

Unless you have a significant reason to reject their ruling, I am just going to call Neckbeard elite on this response.
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Damn_Underscore
12/14/18 9:56:52 AM
#45:


shockthemonkey posted...
the exact opposite happened to students taking out loans?


How do you know this?

It's common knowledge that non-regionally accredited and especially for-profit universities should be avoided like the plague. The article says that some of the loans were parent PLUS loans, so in those cases it was the parents who took out the loans, not the students. Even if the students were somehow unaware that for-profit universities are basically scams, the parents should have known.
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A_Good_Boy
12/14/18 10:11:14 AM
#46:


Why even have judges, lawyers, and court rulings when we've got d_u and his bird law to explain everything?
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Damn_Underscore
12/14/18 10:12:59 AM
#47:


I love all the personal insults and almost no debating what I actually said. I wonder how many people even read past the first sentence of my first post.
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A_Good_Boy
12/14/18 10:14:46 AM
#48:


What's there to even debate? There's a court ruling.
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Questionmarktarius
12/14/18 10:15:27 AM
#49:


Education Department officials said Thursday that they will cancel the loans of about 15,000 borrowers who qualified for closed school loan discharges

That's okay, I guess...

but who havent yet applied for that benefit.

WTF, why?
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Damn_Underscore
12/14/18 10:18:46 AM
#50:


A_Good_Boy posted...
What's there to even debate? There's a court ruling.


Obviously you disagree with something I said, is it it just the fact that I made a comparison to that missionary?

The people here are very lucky to get their money back even if they should be getting it back. The social Darwinism was strong with that missionary and nowhere to be found here. Both of those things are true.
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