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⚠️⚠️⚠️ #biden #inflation #stimulus ⚠️⚠️⚠️
Biden is offering student loan forgiveness. Inflation expectations are jumping.
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Videos are not financial advice.
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⚠️⚠️⚠️ #biden #inflation #stimulus ⚠️⚠️⚠️
Biden is offering student loan forgiveness. Inflation expectations are jumping.
📝Contact Information for Kevin & Liability Disclaimer: http://meetkevin.com/disclaimer
Videos are not financial advice.
People are made about student loan forgiveness yet don't care about big business loan forgiveness that happens all the time.. hypocrites
Disgusting blatant VOTE BUYING SCHEME to change subject from disastrous economic condition at Midterm. How about require every college to FIRE half their bloated useless staff added since govt took over student loan program. Make schools use that savings to rebate percentage of tuition to EVERYONE who attended during that timeframe regardless of funding source. I just paid 30k tuition for a masters out of my savings I EARNED. Now I get to pay off debt from irresponsible dead beats many of whom got USELESS degrees.
If I get a student loan now would it be forgiven? If so, this would be highly taken advantage of😬😂
I want to push back a little on the very common narrative that this will steal from taxpayers and hand money to the debtors who freely signed a contract to pay back their debt. It comes from people (like me not too long ago) who misunderstand just what exactly student debt is. This is not their fault because student loans take all the labels of conventional financial instruments but with key differences that make them substantially unlike any other loan you can acquire. Student loans aren't really loans.
When student loans became guaranteed by the federal government they effectively ceased being loans and became instead like a subsidy or a welfare program. The actual beneficiary of this subsidy has always been the educational institutions and only tangentially does the student benefit. Forgiveness this year won't actually require the government to draw on any more money because the money had already been spent over decades. So I take issue over fears that forgiveness today will lead to inflation, not because it won't, but if it does it will be a drop in the bucket compared to the decades of tuition and degree inflation.
As with any government subsidy or expenditure, we expect to collect a tax liability. Many other countries choose to tax all their citizens to educate even a few best and brightest. Americans chose to levy that tax burden squarely on people barely old enough to get a credit card and the families most likely to struggle to pay it. The terms of the contract with zero guarantee of earnings and impossible to discharge liabilities makes colonial indentured servitude look like a good faith arrangement.
Real loans are vetted by underwriters who look into the borrower's ability to repay and the value of any underlying asset. Real loans are subject to laws that protect consumers from onerous debt. Real lenders freely accept some risk whenever they lend out money. None of these features are present in federal student loans.
Finally, federal student loan repayments, like taxes, simply disappear from the economy. A fraction of a percent goes to the servicers. In a nutshell, the government printed the money, handed it to a 3rd party then destroyed the money earned by the borrower regardless of whether that borrower gained anything by attending that institution.
I think student loan forgiveness is a just settlement for the victims of a broken system. But our leaders are too deeply invested in or blind to that brokenness to ever fix it or keep more people from getting hurt by it. If you have the chance, whether you are considering school, many semesters in, or already deep in debt, get yourself out of this racket – there are better ways to get a decent job and build wealth and it's easier than ever to find out how.
My mortgage identifies as a student loan…
Why should you not take a stance on students Loan? I have a mortgage, do you think Biden will forgive my loan?
This doesn’t solve the high cost of tuition. We are left with paying off some else’s debt when we have our own loan to take care of. In the mean time, university keep increasing the tuitions. Biden have no guts to go to the root cause because they are Dems bread and butter.
Love it when people who took out PPP loans tell me it’s unfair when other people get help.
I have been paying off student loans. I feel like a sucker !!
Biden is a disaster.
I’m raising the fuck out of my prices now
Buying votes with taxpayer dollars
Vote is coming near 😂😂😂
The markets are only happy when Wall Street gets breaks unsurprisingly.
Kevin keeping it real. Much respect for doing that.
I had $30K in student loan debt and it took me 15 years to pay it off. I worked 2 jobs and I worked and paid this debt while in school and just paid off my student loans this year. I kept paying while the zero interest was instituted so it would all go to principal instead of interest. Now, with that being said, I 100% agree with this help. I don't believe that just because I suffered in paying off my student loans and debt, that others deserve and should suffer to pay their student loans and debt. Thank you President Biden for helping those who need the help. I sincerely appreciate you.
Good video
Brilliant analysis of the different things to watch for on the different time frames. Good to see everyone feels the same way when they lose money, everyone thinks they could do this or that with that money which is as good as gone, instead people refuse to seek help from professionals, Edward Joseph James set to be different and unique, I made about $470k already from his day tradng, all i did was to copy his daily signals, am done having heart breaks hodling and trading myself lol..
AMERICA IS SCREWED! PEOPLE NEED TO START PREPPING WE ARE GOING TO CRASH IN NEAR FUTURE. OUR GOV'T IS DYSFUNCTIONAL! BETTER START LEARNING HOW TO GARDEN AND START BUYING WEAPONS! I AM!
THAT IS JUST A POLITICAL MOVE THAT WE CAN'T AFFORD! OUR STUPID FKN GOV'T IS GOING TO RUIN AMERICA WITH IT'S STUPID SPENDING! OUR ONLY HOPE IS THAT RUSSIA OR CHINA DROPS A NUKE RIGHT IN THE MIDDLE OF THE UNITED STATES, PUT US OUT OF OUR MISERY! WE NEED A WAR!
in a high hour of betrayal like no other.
As someone who had student loans and paid them off, it wasn't the actual amount that was owed, but the interest that kept creeping up the balance month after month that was the real financial burden. Providing a one time 10k relief is not going to stop the real villian in the room which is the government and predatory banks banking off young borrowers with debt so high they can never pay it off. Interest, even "low interest" loans are still going to be a trap-NOTHING CHANGED-PERIOD. A one-time stimulus is good news for those with outstanding debts, but still screws future college grads as they will not benefit from any of this since the "free money" will be long gone once they finish school. Interest should have been forgiven and capped at no higher than .5% across all income brackets. Notice how politicians never discuss interest reductions? The truth is this is a last minute political move for the upcoming elections in November. Can't blame anyone for being mad or feeling betrayed. We're all being played.
Thank God we're helping those poor folk who only make $124K.
I assure you because I am one, I make just under 100k a year, I am single, so no dual income for my household, this is a huge needed help. I still cannot afford to buy a house which has been my target goal for the last 8 years, because every year I got a raise, it was less than the price of homes going up. And for the record up to 2020 I made 50k and could not afford student loan payments. I owe 20k student loans, a 10k reduction would be awesome, I would take every saved dollar to HOPE to be able to put that towards a down payment on a home that is still waay over valued and now with stupid interest. Now that I make decent money, I still can't afford anything because everyone else received much more money and stimmy and wealth than I did it shot prices once again out of my reach. Im happy for everyone who made money the last 10 year bull cycle, then watched that money make more money during covid stimmy, and I dont mean 1200 checks, I mean PPE and mortgage backed securities, and everyone else making soooo much money they cry when it falls back to earth. Nevermind us normal people, trying to do our part and being priced out of everything everywhere all time time. I always thought if I got to 6 figures Id be rich, and now, because I dont have dual income in my house hold, Im not even average income. This loan forgiveness wont change my life, but it definitely helps hopefully close the gap to finally being able to live my part of a mediocre American dream, sry for everyone trying to get back to the moon if the softy old Dem prez is screwing the rich investors out of a marginal setback of getting more rich quick again.
dogecoin forgiveness
My son joined the military a couple of years ago so he could afford school when all along he could have taken out student loans and had them forgiven. What a slap!
This will wipe out 69% of my remaining student loan debt.