'If You Have A Right To A Loan, Don't You Have A Responsibility To Pay It Back?': McClain To Cardona

  Рет қаралды 298,023

Forbes Breaking News

Forbes Breaking News

14 күн бұрын

At today's House Education Committee hearing, Rep. Lisa McClain (R-MI) questioned Education Secretary Miguel Cardona about student loan forgiveness.
Fuel your success with Forbes. Gain unlimited access to premium journalism, including breaking news, groundbreaking in-depth reported stories, daily digests and more. Plus, members get a front-row seat at members-only events with leading thinkers and doers, access to premium video that can help you get ahead, an ad-light experience, early access to select products including NFT drops and more:
account.forbes.com/membership...
Stay Connected
Forbes on Facebook: forbes
Forbes Video on Twitter: / forbes
Forbes Video on Instagram: / forbes
More From Forbes: forbes.com

Пікірлер: 1 300
@kelanders
@kelanders 12 күн бұрын
It’s not debt relief. It’s taking taxpayers dollars and paying off another persons debt. Wrong on every level.
@claudeloi
@claudeloi 12 күн бұрын
WOKE wants to buy vote.
@0397rb
@0397rb 12 күн бұрын
So your cool with the billions sent overseas .👌🏾
@jstoeck784
@jstoeck784 12 күн бұрын
@@0397rb Those two ideas do not co-relate. Non-support for paying off college loans does not mean that you support sending money overseas. One does not equal the other.
@jamesjones7770
@jamesjones7770 12 күн бұрын
But you're okay with everyone else discharging their debt thru bankruptcy at the taxpayers expense?
@nix4644
@nix4644 12 күн бұрын
@@jamesjones7770 Just curious as to why you and other trolls on here think that if people are not happy about paying off other peoples college loans, that we are happy about bankruptcy and overseas aid. I didn't go to college, so explain that for me. Thanks.
@vel230
@vel230 12 күн бұрын
They don't have a right to my tax payer money....I'd rather donate to a local vocational technical college.
@andrewczski1969
@andrewczski1969 12 күн бұрын
At this point, it's the tax money of Americans who aren't even old enough to work, and not even born yet!
@walterpierce6061
@walterpierce6061 12 күн бұрын
You don't pay any taxes.
@kylej7815
@kylej7815 12 күн бұрын
And you’re ok with 260 billion to Ukraine.
@IAmTheRealBill
@IAmTheRealBill 12 күн бұрын
@@kylej7815 and what do you base this assumption of yours on? I'd call it an absurd assumption given that the people who opposed centralized power have significant overlap with the people who don't want their tax going overseas either. The most likely scenario is that the OP is opposed to both.
@kylej7815
@kylej7815 12 күн бұрын
@@IAmTheRealBill then why doesn’t the OP go post on the subject of 260 billion to Ukraine. Don’t see any comment there from OP
@gayleroyal8465
@gayleroyal8465 12 күн бұрын
I paid mine YOU PAY YOURS!!!!!!!!@
@garygeorge9648
@garygeorge9648 11 күн бұрын
And we who have done that are in a BOHICA moment. What these freeloaders don't get is eventually they will pay it back in taxes and then turn around and pay for the next generations loans.
@lisainpalmdesert
@lisainpalmdesert 10 күн бұрын
Me too! Hey, we should start a new movement!
@DanOKC
@DanOKC 6 күн бұрын
Me and My KIds too ............. and we didn't go Cancun for spring breaks.
@user-ie2zj6ee3g
@user-ie2zj6ee3g Күн бұрын
Still paying for my education! Who gives this man the right to make these decisions?
@gooddoggy3257
@gooddoggy3257 12 күн бұрын
Abolish the department of education.
@metube336
@metube336 12 күн бұрын
I agree. And abolish the Senate for all the effect it has on these people. What a colossal waste of time. The Congress is totally IMPOTENT!
@biketech60
@biketech60 12 күн бұрын
They barely educate along with their massive indoctrination in Socialist values . Just as with the CIA , they are no longer needed or affordable .
@melissaspurr7752
@melissaspurr7752 12 күн бұрын
I agree. 78 BILLION dollar budget??? This dept was instituted by another outstanding president, Jimmy Carter.
@MrErpman
@MrErpman 12 күн бұрын
Diseducation
@alexsheppard2244
@alexsheppard2244 12 күн бұрын
And?
@AlanRoehrich9651
@AlanRoehrich9651 12 күн бұрын
No one has a "right" to a loan. You either *qualify* for a loan or you do not. And if *you* take out a loan, then *you* are responsible for repaying that loan.
@hemihead001
@hemihead001 12 күн бұрын
They should say you have the right to apply for a loan .
@Carlos559Caps
@Carlos559Caps 12 күн бұрын
key word is "qualify" I didnt quality for fafsa and Didnt get any scholarships even though I applied for over 50. I worked my butt off paying for school while attending. I HATE HATE HATE HATE HATE hearing people complain about loans they were granted which made their lives so much easier.
@IAmTheRealBill
@IAmTheRealBill 12 күн бұрын
You have a right to a loan, you do not have a right to force one. A right is not something the government provides. You have a right to engage in contracts, of which a loan is. But you do not have the *privilege* of forcing someone to give it to you. Your position put forth in that post supports the other side. You have a right to free speech, to speak your mind, but cannot force someone to listen to you. You are arguing that you don't have the right to express yourself because it depends on someone being willing to pay attention. This is false.
@EdwardMugits-Video-Marketing
@EdwardMugits-Video-Marketing 12 күн бұрын
He Should Be Impeached based on his continued actions to forgive loans post scotus, congress and the house decision not to. It is the Law. F Shame On You!
@wheelhouse8774
@wheelhouse8774 12 күн бұрын
It's not about the loans. Education does not guarantee a job because degrees have no value in society. Imagine you invest in a business that failed and you're unable to declare bankruptcy while monthly payments are accumulating
@inktray4913
@inktray4913 12 күн бұрын
This Corruption must stop
@ronaldpershing8633
@ronaldpershing8633 9 күн бұрын
with binden asap
@docbrandy915
@docbrandy915 12 күн бұрын
The courts have denied this administration’s interpretation of that law, yet they continue to insist on their interpretation. The Congress should take that money away from the Department of Education.
@lawrencehalpin6611
@lawrencehalpin6611 12 күн бұрын
Good idea. Every dollar they forgive take it away from the universities.
@reallybadaim118
@reallybadaim118 12 күн бұрын
The old man knows that he's banking on all those MSNPC viewers to just hear the loan was forgiven. He knows it's going to be overturned again.
@ralphemerson497
@ralphemerson497 12 күн бұрын
With the current RINO Leader Johnson in charge, the GOP House with their slim majority refused to hold Agencies and Departments accountable.
@randalldare4027
@randalldare4027 12 күн бұрын
Call the marshals Office and put him in jail.
@Tom-hz9oc
@Tom-hz9oc 12 күн бұрын
@@ralphemerson497All true! And the appeasers and RINO’s want him left in the seat! Hell, he just worked with the demokkkrats to give Ukraine more money than the entire budget of the USMC this year!
@TTbbq
@TTbbq 12 күн бұрын
The department of NON- education should be shut down and all of it's ruling turned over to the states to watch over.
@MonkeyMind69
@MonkeyMind69 12 күн бұрын
It'd be better... but I'm not sure I trust the states either.
@johngalt2.031
@johngalt2.031 12 күн бұрын
​@MonkeyMind69 Then in the states that show they can't be trusted, it will fall to the people of that state to fix the problem.
@elennox5
@elennox5 12 күн бұрын
As a teacher, I agree!
@TheSpookydog
@TheSpookydog 12 күн бұрын
Abolish this failed dept NOW!!
@yurikalashnikov5815
@yurikalashnikov5815 12 күн бұрын
Why so states like Utah teach their citizens that the Earth is 2000 years old? Nah
@johnzengel7445
@johnzengel7445 12 күн бұрын
I paid my son college loan, I want my money back
@TiffanyTeaLeaves
@TiffanyTeaLeaves 12 күн бұрын
Use your brain! The only people getting forgiveness had predatory loans from predatory banks, institutions and intermediaries, AND, remember this part, AND are not financially stable. Meaning they don’t have daddy to pay their loans off, like your son did.
@legaleeblonde4310
@legaleeblonde4310 12 күн бұрын
​@@TiffanyTeaLeavesThey're not concerned about that. That's just language they use to attempt to justify it. If pred lending and blah blah blah were reason enough, why weren't all of us who purchased homes 2004-2008 given loan forgiveness instead of foreclosures?
@runits
@runits 12 күн бұрын
​@@legaleeblonde4310or all those loans the Congress members took out for PPP and never paid back. Hell they deleted the paper trail so they could never even be investigated.
@lizzieb6311
@lizzieb6311 12 күн бұрын
I paid for my own college loans …every damn dime. I want it BACK TOO! This is FING RIDICULOUS! If we pay their loans they should hand over their damn diplomas…and every bit of transcript that shows they attended school. Don’t pay your car note…it’s repossessed….dont pay up your mortgage….its foreclosed and you’re on the street. This is FING RIDICULOUS
@TiffanyTeaLeaves
@TiffanyTeaLeaves 12 күн бұрын
If you can afford it you don’t qualify 🙄
@greggpurviance7252
@greggpurviance7252 12 күн бұрын
Need to abolish the Dept of Education. The secretary is disgusting
@chazbedlam
@chazbedlam 12 күн бұрын
I paid off my student loans. Where's my free lunch?
@andrewczski1969
@andrewczski1969 12 күн бұрын
Free higher taxes.
@StevanKuyper-ms4lp
@StevanKuyper-ms4lp 12 күн бұрын
I could not afford to put myself or my children through college why should I pay your college tuition? I am barely getting by right now as it is
@SarehNaded
@SarehNaded 12 күн бұрын
LOL. Got one!
@andrewczski1969
@andrewczski1969 12 күн бұрын
@@StevanKuyper-ms4lp Biden's plan to destroy America.
@briantaylor9475
@briantaylor9475 12 күн бұрын
You'll get it at the soup kitchen after you pay off all those loans the Department of Education transferred to you. Oh, I will be right behind you in the line. Save me a slice of bread.
@cestmoi1262
@cestmoi1262 12 күн бұрын
Gosh, it is refreshing and encouraging to see a lady who has a position that was achieved by CAPABILTY and not DEI!
@Johnnie223
@Johnnie223 5 күн бұрын
Diversity Equality. Today Inclusion White Segregated Yesterday Protestant 60 years ago WASP's led in all American categories because no one else was allowed by law to compete with them. I've always found it strange that the very people who are quick to scream "Reverse Discrimination" were the very last to ever admit "Discrimination".
@paulalvarez8534
@paulalvarez8534 12 күн бұрын
I'm sick of having empty pockets, putting groceries back on the shelf, shortchanging my kids at Christmas and birthdays. Why in the hell would I approve of paying other peoples loans, when I don't get forgiveness for mine.
@oklahomanorm2278
@oklahomanorm2278 12 күн бұрын
Totally ridiculous, corrupt, and unethical. What would the result be if Trump did the same thing?
@RedWingsRule1
@RedWingsRule1 5 күн бұрын
Probably 143 indictments.
@LaminarSound
@LaminarSound 12 күн бұрын
And yet nothing happened. He walked out of that pointless hearing with no accountability. Congressional hearings are absolutely pointless
@golferpro1241
@golferpro1241 12 күн бұрын
Political theatre. No one loses their job or is punished.
@jamied9782
@jamied9782 12 күн бұрын
Therein lies the problem. How do we, the people, get our point across? Legit question I’m asking.
@rnettles6241
@rnettles6241 12 күн бұрын
The ONLY politician that I've ever seen prosecuted to the FULL extent of the law is President Trump for the crime of loving his country.
@IAmTheRealBill
@IAmTheRealBill 12 күн бұрын
@@jamied9782 Start by working at your local level to roll back excesses and abuses there while building bulwarks against future ones. From there expand it to one level higher - say municipal to county, or county to state legislative district. This creates a culture of people holding them to account, which is fertile grounds for growing candidates who will hold them accountable. As long as you remain focused on the federal - where you have absolutely the least influence - you will continue to lose ground. The Left has always been centralist and authoritarian (see: the early 1900s) and they have systematically and with purpose shifted the focus to a central government where they can encounter the least resistance from we the people. This is one of the effects of screwing up how we put Senators into federal congress. They should never have been moved to a popular election because it diluted the power of the states to check the union, and diluted the ability of the people to influence that via local elections.
@garysmith7760
@garysmith7760 12 күн бұрын
@@golferpro1241 It's a clique behind official curtains.
@jamesmcd71
@jamesmcd71 12 күн бұрын
Stop funding departments that dont follow the laws. This is the power of the house. If your voting to fund this crap your just as responsible.
@WhzESjngzie-1988
@WhzESjngzie-1988 12 күн бұрын
Start with President's office 😂
@chrisyaritz2180
@chrisyaritz2180 8 күн бұрын
How about this..... Maybe they can stop the student loan bailouts..... Slow the flow of cash and arms...going to Ukraine and Israel. Then fix social security....and take care of our Vets! Additionally... it's costing we the taxpayers, billions to fund everything associated with the millions that have come here illegally.
@jamesmcd71
@jamesmcd71 8 күн бұрын
@@chrisyaritz2180 I agree with everything but Socal security. SS isn't what most people think it is now. 40% of the people that get a monthly check from SS have never paid anything into it. The SS Administration says by 2026 50% will be illegal immigrants. Yes all that cash the gov is giving thim comes from SS. They sign up for SS the day they turn themselves into border patrol.
@rainmaker3700
@rainmaker3700 8 күн бұрын
@@chrisyaritz2180 Yup, Social Security will run out in about 10 years but we cannot fund that properly because we fund all these money laundering schemes: Ukraine, Israel, Student Loans, Illegal Alien relief fund, Homeless camps.
@user-jc3mg7lj5u
@user-jc3mg7lj5u 12 күн бұрын
WE SHOULD NOT BAIL OUT THE STUDENT LOANS. THEY GOT THE LOAN , THEY SHOULD HAVE TO PAY IT BACK ON THEIR OWN. NOT THE TAX PAYERS. WE TOOK A LOAN OUT FOR OUR HOMES AND WE HAVE TO THAT LOAN BACK MY OUR SELFS. !!!!! IF BIDEN IS GOING TO MPAY THE STUDENT LOANS OFF THEN BIDEN SHOULD PAY OUR HOMES OFF AS WELL. !!!!!!!
@jamesjones7770
@jamesjones7770 12 күн бұрын
I guess you were okay with the bank bailouts though weren't you? Why didn't we just let the banks fail instead of using taxpayers money to bail them out? We bailed them out to protect the money YOU earn from your stock portfolio at the expense of MY taxpayer dollars. I don't have a dime in stocks or bonds or invested on Wall Street so it was partly my money that bailed YOU out, but please let's not help out our over burdened students with their higher than average interest rate loans. Lets keep them in debt for the next 30 years and not allow them to achieve the American dream until they are in their 50's.
@rickybobby7276
@rickybobby7276 8 күн бұрын
Student loans are becoming the mortgage loans of 2007. This bubble is going to pop at some point.
@bryanmoser358
@bryanmoser358 6 күн бұрын
Your house loan isn't helping anyone. Someone's dental school or medical school or nursing loan his helping your grandma out whos been stuck in the hospital battling xyz. Furthermore, those loans that you speak of help that person earn a higher income, which means they pay higher taxes. The taxpayer system is already benefiting from that person taking out loans and they are putting back in far more than they took out over their career. Your home doesn't do that. If this is a student loan, it should be at zero fuckin interest at the very least! At the most, my taxes that I pay that are easily 10x what they were before my college career should be my loan repayment.
@Jim-ni9ek
@Jim-ni9ek 12 күн бұрын
Cardona is another DEI hire who has no clue what he's talking about.
@Johnnie223
@Johnnie223 10 күн бұрын
So every White hire is smarter than every minority hire ? Sounds like my teenage years. MAGA = Make America Great Again ! 1860 ? 1868 ? 1875 ? 1908 ? 1917 ? 1933 ? 1943 ? 1956 ? 1963 ? 1969 ? 1975 ? 1981 ? 1992 ? 1999 ? 2002 ? 2008 ? 2013 ? 2019 ? 2022 ? When was America Great for Americans ? ps. My grandfather was born in Ark. in 1907 My father in Ark. 1928 Myself in Detroit 1953 My 1st son in Det. 1978
@darlynnlawson1127
@darlynnlawson1127 12 күн бұрын
I paid my college loan…now I’m paying someone else’s?
@andrewczski1969
@andrewczski1969 12 күн бұрын
Yeah, and if you have kids, they're on the hook, too!
@lionkingofthejungle
@lionkingofthejungle 12 күн бұрын
yes, biden punishes people who are responsible with their money those are the people who usually don't vote for him.
@valeriedouglas4400
@valeriedouglas4400 6 күн бұрын
Because Marxism that’s why.
@Mexican_Marauder
@Mexican_Marauder 12 күн бұрын
Unelected officials should not have more power than our entire government structures combined.
@carlsanders7824
@carlsanders7824 12 күн бұрын
This is the Deep State in action. They could care less what the Constitution says.
@jimwhelan9152
@jimwhelan9152 12 күн бұрын
They should not but they do.
@SaintMichael-js5kh
@SaintMichael-js5kh 12 күн бұрын
How is he not in prison for clearly violating the law? Democrat privilege!
@craig162
@craig162 12 күн бұрын
Biden is teaching everyone how to buy votes. He did it before and he is doing it again.
@hemihead001
@hemihead001 12 күн бұрын
Why can he ignore Congress and SCOTUS and still keep his job and not in jail . He wants more money because the Unions need more money . I went to Auto Tech school and had to pay my loans , why not give my money back ?
@WeLuv9x5
@WeLuv9x5 12 күн бұрын
The head of DOE should be arrested and prosecuted for defying SCOTUS!
@jeffhowell1522
@jeffhowell1522 8 күн бұрын
Hell, for defying logic.
@aeolianharp1363
@aeolianharp1363 12 күн бұрын
80 billion is the size of a global corporation. Where are they spending the money
@mogznwaz
@mogznwaz 11 күн бұрын
It’s being siphoned off and spent on supporting radical leftist activism
@roberth.5185
@roberth.5185 8 күн бұрын
They could spend a trillion and the results would be the same.
@sableann4255
@sableann4255 5 күн бұрын
BUYING VOTES & LINING THEIR POCKETS 😡 Our own government is ripping the US Taxpayers off!!!
@legaleeblonde4310
@legaleeblonde4310 12 күн бұрын
This topic shouldn't even be on the table. The Department of Education should concentrate on doing their jobs effectively if they don't want to be defunded.
@jimwhelan9152
@jimwhelan9152 12 күн бұрын
It's an unconstitutional department and shouldn't even exist.
@ajsanchez8767
@ajsanchez8767 12 күн бұрын
Defund the Department of Education! Keep it at the state level!!! 🙏🏼🇺🇸
@songofrest
@songofrest 12 күн бұрын
If you sign a contract, you are bound by it. Full stop. No one is forgiving my mortgage.
@NadeneBeach
@NadeneBeach 12 күн бұрын
Likewise, if you use a credit card, you are responsible to pay it back, WITH INTEREST if you miss payments. With both, you SIGNED A LEGAL CONTRACT.
@billyYoast1990
@billyYoast1990 12 күн бұрын
Likewise if you dont pay the credit card it gets absolved in collections and the tax payer pays for it eventually since the government will back the large banks who gave the loans in the first place and continue to print money. You open a business, it fails, you dont owe that money you file bankruptcy.
@IAmTheRealBill
@IAmTheRealBill 12 күн бұрын
@@billyYoast1990 I'll give you credit for trying, but have to correct where you were incorrect. 1. When a credit card debt goes to collections (meaning not the creditor) the collection agency pays the creditor some percentage of it to buy the loan. Thus the bank has been paid -though not as much as you borrowed. 2. FiIing for bankruptcy doesn't shift the burden to the government. For business (as with personal btw, different sections though) you either file full insolvency - in which assets are liquidated to pay down debts and the rest is wiped clean; or you file for restructuring. In that case the court acts as arbitrator and forces a restructuring of the debt, with you winding up still owing money and are put on a payment plan. Now here is the kicker: there are a few categories of debt you *cannot* write off in any form of bankruptcy. One of those are federally backed student loans. Fully private student loans can be written off (unless that has been changed lately) as the government is not on the hook if you don't pay. This is why those of us quite familiar with the situation recognize this as a transfer of wealth to the wealthy. Because, if you have a private student loan and can't pay it, the banks won't get their money if you file insolvency, and may not get much depending on other creditors' priority in a Chapter 13 bankruptcy. So the government paying them is transferring wealth to them from the rest of us who didn't put ourselves in that situation.
@HeinzGuderian_
@HeinzGuderian_ 12 күн бұрын
Everyone who went to trade schools should be refunded. Everyone who didn't go anywhere should get $$ back too, since we'll be the one footing the bill. I paid off my house and my credit cards. I can't wait to get reimbursed for all of that.
@chrisbrimhall1613
@chrisbrimhall1613 12 күн бұрын
83 billion? Jesus
@IAmTheRealBill
@IAmTheRealBill 12 күн бұрын
For a department that doesn't educate anyone.
@scray00
@scray00 6 күн бұрын
And kids don’t know who George Washington is or what a woman is.
@WizzRacing
@WizzRacing 12 күн бұрын
Department of Education is gone after this year. As it was created with an Executive Order. That will save the taxpayers $100 billion a year alone..
@jamesjones7770
@jamesjones7770 12 күн бұрын
Those savings will have to come from somewhere to support education, oh and those savings you're proclaiming will probably be sent to some country crying poor mouth. We're better off helping our own people don't you think? That's right you don't think do you?
@WizzRacing
@WizzRacing 12 күн бұрын
@@jamesjones7770 You seem ignorant.. As the savings does not come from their Budget. It comes from having to cover their Salaries, Pension Funds, Premium Medical, Vacations, Holidays etc... I would add. The State pays for schools and education. Why you pay wait for it,,, School taxes..But you would not know that. As you don't have to pay them. Everybody else does.. And being America is 29th in education yet spends 1000% more per student. I'm for School Choice..
@scray00
@scray00 6 күн бұрын
@@WizzRacing yes school choice and let the people decide where they want their kids to go!!
@robinperronjones5024
@robinperronjones5024 12 күн бұрын
It’s great to see they say that certain issues are broken, but it’s never ever fixed
@janofb
@janofb 12 күн бұрын
Higher education isn't affordable because the government backs the loans so the higher education raised their tuition. If you got the government out of student loans, tuition would crash.
@IAmTheRealBill
@IAmTheRealBill 12 күн бұрын
Finally, someone who actually knows the causal agent! There are precisely two major industries that have consistently and dramatically outpaced the standard price increase trends. One is college, the other is medical. In BOTH cases the government stepped in and wound up separating the consumer from the price. This always leads to higher rates of increase. Even within those broader categories we can see it reinforced. Trade schools are not crazy expensive and are not subsidized by the federal government. They don't "outpace inflation." Non-covered medical such as cosmetic and laser eye surgery also follow the standard pattern of improving but not rapidly rising price. Because the consumer was/is the payer.
@tf2529
@tf2529 12 күн бұрын
Department of Education needs to be abolished.
@suzanneroberge494
@suzanneroberge494 12 күн бұрын
Yes, if you borrow money you are responsible to pay it back. This is insane, people need to be adults.
@markgoostree6334
@markgoostree6334 12 күн бұрын
Then congress...the House and Senate... need to remove the "law" he keeps relying on... just remove his crutch.
@normanhopkins6114
@normanhopkins6114 12 күн бұрын
The worthless President will never sign it.
@jimwhelan9152
@jimwhelan9152 12 күн бұрын
He'll just find another law he claims gives him the power.
@sharonroller8849
@sharonroller8849 11 күн бұрын
Where are the reply comments?
@ChrisBell-cy7yl
@ChrisBell-cy7yl 12 күн бұрын
That MEANS, THAT YOU GO AFTER THE EDUCATIONAL INSTITUTIONS!!!
@cliffright1142
@cliffright1142 12 күн бұрын
Higher education is inaccessible? To whom? The Federal Government got into the loan business and has managed to, like it has done with everything it touches, screw it too. These demented people want to not only change the rules mid stream but, change the propriety of a contract between two or more parties.
@tomnodurft9229
@tomnodurft9229 12 күн бұрын
Here's a thought, drop the interest rates to 2%. that's all that is needed! Ppl take out loans should have to pay them back, period!!!
@jimwhelan9152
@jimwhelan9152 12 күн бұрын
They should pay them back at the agreed upon interest rate! Period!
@jeffkidder5282
@jeffkidder5282 12 күн бұрын
Simply Denial and lying about it.
@101010sunshine
@101010sunshine 12 күн бұрын
The "predatory" institutions are the colleges/ universities. Not complicated.
@lizzieb6311
@lizzieb6311 12 күн бұрын
EXACTLY! However, did the predatory institutions drag the student in off the street and hold them at gunpoint and force them to enroll in their school and sign the loan papers? Did they? That sure didn’t happen to ME. No…I trotted my happy a$$ into the office and applied with NO THREAT OF PHYSICAL HARM…and guess what else? I paid back EVERY DAMN DIME! I worked two jobs to do this and it took me seven years…but I DID IT! I didn’t beg for handouts…no! My choice to go,to college - MY - burden! End of story.
@billyYoast1990
@billyYoast1990 12 күн бұрын
Im blown away by how many people dont see the difference on this chat. How many of the I payed my loans peoples parents paid their loans. How many had loans that were not even 20k.
@IAmTheRealBill
@IAmTheRealBill 12 күн бұрын
Don't give the government bureaucrats and politicians a free pass here, they are just as guilty. In fact they literally started the problem.
@IAmTheRealBill
@IAmTheRealBill 12 күн бұрын
@@billyYoast1990 Most college graduates get out into the real world with an average loan total of about 34k. The vast majority of them pay it off just fine. There are two outliers: 1) People who had enough family money to qualify for far more than the government limits federally backed loans to 2) People who never should have been there going for 18 months or so and dropping out, meanwhile they borrowed not just for tuition but living expenses.
@billyYoast1990
@billyYoast1990 11 күн бұрын
@@IAmTheRealBill I agree. I dont like the people attacking students as if the govt. and institutions are not the primary components of the failed system here. Also to acknowledge the difference of not being able to go into bankruptcy is huge.
@johnm.4947
@johnm.4947 12 күн бұрын
Our country does not need a department of education. How much money would that save?
@sportsmediaamerica
@sportsmediaamerica 12 күн бұрын
Also, if the problem is predatory loanmakers, per Cardona, why isn't the DOE filing a lawsuit against all those lenders??? Or why isn't there a class action suit against them??? Just f***in' unreal what these people try to get away with.
@jimwhelan9152
@jimwhelan9152 12 күн бұрын
It's not the lenders sucking the kids in. It's the educational institutions which are getting the money.
@user-cp3kh5xo2h
@user-cp3kh5xo2h 12 күн бұрын
So what’s the problem of forgiving these loans? Why not attack other government programs that benefit corporations or the lawmakers themselves? That’s what should make you angry
@jimwhelan9152
@jimwhelan9152 12 күн бұрын
@@user-cp3kh5xo2h 1) the forgiveness is illegal. The other things you mention are legal. 2) the forgiveness program simply leaves some private businesses high and dry. The programs you mention intentionally pay private business. 3) it's possible to walk and chew gum at the same time. Opposing loan forgiveness doesn't mean you can't also oppose other government actions.
@allencupsie6560
@allencupsie6560 12 күн бұрын
Sounds like he's breaking laws now
@Stevedrums741
@Stevedrums741 12 күн бұрын
When do I get my mortgage money back? And when do I get my money back if I buy a bad stock that loses money?
@usleadershipareliars
@usleadershipareliars 12 күн бұрын
Everything's always broken, even though it isn't, it's just nobody follows the rules.
@mariefagan3075
@mariefagan3075 12 күн бұрын
abuse of power...impeach
@janibeg3247
@janibeg3247 12 күн бұрын
i want all my tuition money back with interest
@justinrieger5329
@justinrieger5329 12 күн бұрын
Not just with interest, but with the same bullshit interest percentages that they make us pay back. Fk id be a millionaire!
@tragickingdom15
@tragickingdom15 12 күн бұрын
You don’t have a right to a loan. Our government doesn’t know what words mean anymore.
@legaleeblonde4310
@legaleeblonde4310 12 күн бұрын
Amen!
@elmertsai1312
@elmertsai1312 12 күн бұрын
It's a very intentional act to water down terms that used to mean something worth fighting for
@IAmTheRealBill
@IAmTheRealBill 12 күн бұрын
You do have a right to a loan. You have a right to engage in contracts with other adults. That is what a loan is. You are just as confused as the people who say "healthcare is a right, so the government needs to pay for mine." You have a right to get *a* loan. You do not have a right to force someone to give you a loan. I have a right to eat an apple, but that doesn't give me a right to eat *your* apples. It is no wonder that politicians, bureaucrats, and cops don't understand rights, when the common person doesn't.
@elmertsai1312
@elmertsai1312 12 күн бұрын
​@@IAmTheRealBillThis is what I mean by watering down the term. They are using this term that was traditionally more used for broader fundamental things (like the right to enter contracts) to push meaning beyond the simple definition of the word "right". And if you think when people talk about the "right to loan" when they talk about student loans they mean just the normal definition of loans... you are sadly mistaken. Your eligibility should be decided based on your possibility to repay the loans and if you are statistically unlikely to repay the loan you should not be given a loan. Right now a problem is the government is subsidizing student loans and basically paying them off with tax payer money.
@tragickingdom15
@tragickingdom15 12 күн бұрын
@@IAmTheRealBill no, you don’t have a right to eat an apple. You don’t understand rights.
@swirlingbrain
@swirlingbrain 12 күн бұрын
Cancelling student loans is Welfare for the rich.
@carlsanders7824
@carlsanders7824 12 күн бұрын
No, the rich do not need loans. This is welfare for people who had no business going to college in the first place.
@chavonj4680
@chavonj4680 12 күн бұрын
What??
@chavonj4680
@chavonj4680 12 күн бұрын
@@carlsanders7824why?
@IAmTheRealBill
@IAmTheRealBill 12 күн бұрын
@@carlsanders7824 First, the rich take out loans all the time, because unlike you apparently, they know that it can be the smart thing to do financially. Second, OP is correct. The ones who will financially benefit the most are the rich.
@marinats5873
@marinats5873 12 күн бұрын
@@carlsanders7824 My coworker has house and investment property applied for loan forgiveness
@bobevangelista7100
@bobevangelista7100 12 күн бұрын
she cleaned that pos's clock
@troy.peters
@troy.peters 10 күн бұрын
Yes, but unfortunately nothing else will happen.
@gregfender7944
@gregfender7944 12 күн бұрын
Maybe this clown would forfeit his pay not likely
@andrewczski1969
@andrewczski1969 12 күн бұрын
In 2025, he should lose everything.
@kerriwilson7732
@kerriwilson7732 12 күн бұрын
Predatory lenders? What's that mean? You agreed to the amount, the interest rate, & the terms. Why not hit out at credit cards? They have higher interest rates. 🇨🇦
@jiggerblossom
@jiggerblossom 12 күн бұрын
Tuition escalated once Gov started handing out the loans. He needs to be putting some fear into the colleges instead of covering this up by making the debt disappear.
@kerriwilson7732
@kerriwilson7732 12 күн бұрын
@@jiggerblossom agreed! Education is a money making exercise.
@IAmTheRealBill
@IAmTheRealBill 12 күн бұрын
@@jiggerblossom While the first statement is partially true (the grants are a larger impact), it isn't the root of the problem today. There is a lot of misinformation, and probably some disinformation, around this topic. The fact is that if you 1) Go to a community college the first two years to get a 2 degree that transfers then 2) Spend the next two years at an *in-state* school paying *in-state* tuition, 3) Get a job to pay for your non-school expenses then your costs are dramatically lower. Some specifics: For the academic year 2022-2023, the average undergraduate tuition and fees for U.S. colleges were $9,368 for in-state students and $22,272 for out-of-state students​​​​. 9k vs. 22k is an enormous difference. Especially as it is per-year. For in-state community colleges you're looking at an average of 5k/year. So instead of 88k for 4 years, the method outlined above would instead be only 28k. Even if you just stayed in state and did four years w/o a CC tour, you're still looking at only 36k vs. 88k. And here is the real kicker that highlights why this bias toward out of state schools is the real problem today: If your family is broke af (as mine was), your federally backed Stanford loan for the first two years is about $3,500 and $4,500 if subsidized for those first two years, and $5,500 and $6,500 for total (subsidized and unsubsidized). next up is the Pell grant which currently carries a maximum of almost 7k. I'll leave it to you to work out the math on how much of a loan you actually need to pay tuition and fees with those Pell grants, if you follow the path I outlined above.
@jimwhelan9152
@jimwhelan9152 12 күн бұрын
He said"predatory institutions" not "predatory lenders" and he was correct. The predators are the colleges and universities. They are the ones making money and making false promises.
@deborahandrianos463
@deborahandrianos463 12 күн бұрын
Thank God there’s some people in Congress that has some common sense 😇🙏
@richardjay3427
@richardjay3427 12 күн бұрын
What is the point of these hearings, nothing is ever DONE!
@jackiemaddox4577
@jackiemaddox4577 12 күн бұрын
WHAT??????? IT TOOK ME 10 YEARS TO PAY MY COLLEGE LOANS BACK----I WAS HAPPY TO DO IT AS i WOULDN'T HAVE HAD A JOB THAT WOULD SUPPORT ME. I DIDN'T MAKE A ZILLION DOLLARS, NO WAY COULD I BUY WHATEVER I WANTED, I HAD OTHER BILLS -REGULAR LIVING EXPENSE TO PAY---IT'S CALLED BUDGET. SO I WANT MY MONEY BACK --I WANT THOSE LOANS FORGIVEN!!! AND HOW DID THESE PEOPLE END UP WITH SUCH EXORBITANT LOANS????? HOW COME THEY DIDN'T BUDGET AND ACCEPT WHAT THEY COULD BUY AND NOT????? DID THEY START OFF WITH GOING FOR A DEGREE IN BASKET WEAVE? DID THEY NOT DO RESEARCH IN THE FIELD THEY WANTED AND IF A JOB IN THAT FIELD WOULD SUPPORT THEM?? I BLAME THEM, THEIR PARENTS, SCHOOL ADVISERS. THERE IS NO SUCH THING AS A FREE LUNCH BUT THIS ADMINISTRATION IS CERTAINLY GIVING IT OUT AND WE TAXPAYERS ARE THE ONES PAYING FOR IT
@andrewczski1969
@andrewczski1969 12 күн бұрын
I'm not.
@dianna7795
@dianna7795 12 күн бұрын
Isn’t he breaking the law!!!! Wake up Congress!
@Karen-bx6ol
@Karen-bx6ol 12 күн бұрын
The schools should then be responsible for the loans.
@DF5152
@DF5152 12 күн бұрын
Sounds like he is in contempt.
@stephendonnelly327
@stephendonnelly327 12 күн бұрын
Make Universties have risk. Bottom line!
@williamphelps1807
@williamphelps1807 12 күн бұрын
Put him in prison
@lynnhoffman3298
@lynnhoffman3298 12 күн бұрын
No.more money
@danieldinnell4944
@danieldinnell4944 11 күн бұрын
I served in the military to pay for my education, why can't they do either military or social service
@legaleeblonde4310
@legaleeblonde4310 12 күн бұрын
The govt will hire anyone. Priority is given to obviously obtuse applicants who don't question anything, and there's absolutely no recourse.
@billyYoast1990
@billyYoast1990 12 күн бұрын
This women is the definition of obtuse.
@legaleeblonde4310
@legaleeblonde4310 12 күн бұрын
​@@billyYoast1990She's just matching the level of language she's getting from him. Dumbing down.
@billyYoast1990
@billyYoast1990 11 күн бұрын
@@legaleeblonde4310 I like her energy but aim it at the universities not the students
@DouglasCoffey-em5jt
@DouglasCoffey-em5jt 12 күн бұрын
Well said.
@richard-cf8ce
@richard-cf8ce 12 күн бұрын
AND THE PEOPLE SAID NO
@familyofmoro8097
@familyofmoro8097 12 күн бұрын
What a leech.
@greatestpresidentjoebiden1985
@greatestpresidentjoebiden1985 12 күн бұрын
Tell that to all the gop congress members that got ppp loans and never paid them back.
@Mister8224
@Mister8224 12 күн бұрын
Bullshit. Pandemic has NOTHING to do with Student Loans.
@sportsmediaamerica
@sportsmediaamerica 12 күн бұрын
Apples and oranges. COVID circumstances are different that the school loan scandal.
@hemihead001
@hemihead001 12 күн бұрын
Not just GOP but Dems too like Nanshee Pelosi .
@thedin3467
@thedin3467 11 күн бұрын
Repubilcans are flying a rainbow flag in their schools. Stay away from the kids bud.
@vel230
@vel230 12 күн бұрын
From the river to the sea, not one damn dime of tax payer student loan forgiveness for thee.
@OrderofthePipe
@OrderofthePipe 11 күн бұрын
I love how the House, Senate and SUPREME COURT all said not to do this, yet some unelected bureaucrat can just push it through because they can, and NO ONE can stop them?!?!? 🤬
@dianalayne1207
@dianalayne1207 11 күн бұрын
I love this Congress Lady,she is a good and strong human being unlike some some of our leaders.
@DouglasCoffey-em5jt
@DouglasCoffey-em5jt 12 күн бұрын
Price of the education.
@shaneb4923
@shaneb4923 12 күн бұрын
Your Saying Taxpayers Are Paying For These Blue Hair Freeks Loan!!! WOW
@juliew.2165
@juliew.2165 12 күн бұрын
YES, buck stops there! Loan (Fannie Mae) has your name on it, but I didn't sign up for that. WHY me, a blue-collar worker (possibly never go college) am FORCED by Biden to pay for it??? It's not my signature, shall I pay your EV next???
@kaleabmengesha6167
@kaleabmengesha6167 10 күн бұрын
Don't hype yourself by saying " i am not paying" as if you are paying for this forgiveness
@insatiabletraveler2929
@insatiabletraveler2929 Күн бұрын
Rep. Lisa McClain (R-MI).....IS AWESOME!!!!
@cliffart7398
@cliffart7398 12 күн бұрын
Paying student loans is important, but if they are made for the government, how about interest free loans. The government is not a bank or for-profit enterprise. Charges fees to the loan, eliminate the interest, and make college more like reverse layaway.
@cowboyx9380
@cowboyx9380 12 күн бұрын
Ummm that is not how it works, the feds do not loan the money…BANKS DO! The feds back the student loans, nothing more. Why would a bank loan you money interest free?
@frankaxiak1959
@frankaxiak1959 12 күн бұрын
I served in the US Navy to earn my college degrees and very proud of my service.
@johnm8863
@johnm8863 12 күн бұрын
Talk talk talk... thats all that happens day after day. The representatives don't do anything to these criminals, don't actually punish anything. Just talk and not actually do anything.
@richard-cf8ce
@richard-cf8ce 12 күн бұрын
The people said no
@Anuamericavlogs
@Anuamericavlogs 12 күн бұрын
I am sorry to say this, but these free loaders are the ones we see protesting on the campuses !!
@user-jz4py4tt2g
@user-jz4py4tt2g 12 күн бұрын
It's because they think that they are above the law, and they should be jailed for it.
@michellegriffith4200
@michellegriffith4200 12 күн бұрын
Put his ass in jail...
@cardelljr1
@cardelljr1 12 күн бұрын
💯
@jjcs1381
@jjcs1381 3 күн бұрын
Loan forgiveness is so wrong on so many levels. Miguel Cardona is so wrong on his position on loan forgiveness.
@danielg.8997
@danielg.8997 10 күн бұрын
Lisa McClain Rocks !!!! She backs down to no one ! This country needs more Lisa McClains. She is tough and smart !
@virginiagriner5032
@virginiagriner5032 12 күн бұрын
Shut down the Department of Education. Send authority back to the States. This man is a criminal.
@genericminecraftyoutuber2102
@genericminecraftyoutuber2102 12 күн бұрын
His lady is true HERO🎉
@L.Scott_Music
@L.Scott_Music 12 күн бұрын
Not only is there the belief that there is a right to a loan, but there is also the belief that there is a right to not pay it back if it's hard.
@fredmansfield7793
@fredmansfield7793 12 күн бұрын
As a taxpayer I am sick of people saying thank you for that question
@jackfritz3895
@jackfritz3895 9 күн бұрын
They do that to waste time. And never ever can say a simple yes or no answer.
@misha1736
@misha1736 12 күн бұрын
"Thank you for that question", should be an automatic disqualification and removal!
@tomnodurft9229
@tomnodurft9229 12 күн бұрын
The Dep't of Ed should not loan $ to ppl that go to schools that are predatory!!! further, the Dep't of ed should allow predatory colleges or schools in the first place!!!
@IAmTheRealBill
@IAmTheRealBill 12 күн бұрын
The Department of Education is the primary predation agency here.
@paulw176
@paulw176 12 күн бұрын
The Dept. of Indoctrination must be obeyed!
@1900intz
@1900intz 12 күн бұрын
THAT’S the problem with government. More money - more problems. Defund these incompetent politicians.
@PamLumpkinLoving
@PamLumpkinLoving 7 күн бұрын
If you borrow..that loan is between that person and the place they borrowed from. Not tax payer should be burdened with paying SOMEONE ELSES BILLS! THIS IS CORRUPT
@kekkic
@kekkic 11 күн бұрын
if the court said no, why is this regime using the money??? Who can stop them?
@gs547
@gs547 11 күн бұрын
He also needs to be impeached BTW.
@cbeto765
@cbeto765 12 күн бұрын
we ALL NEED TO STOP PAYING TAXES. these people are CORRUPT at EVERY LEVEL... so SICK OF THIS ADMINSTRATION
@pattiwarrick6432
@pattiwarrick6432 9 күн бұрын
Why don't she let him answer the question? Shut up already.
@terrasculp
@terrasculp 4 күн бұрын
I struggled to pay off my student loans, but I did it and never expected the note to be forgiven. No one is responsible for me except me. Why is the government squeezing me to pay off some kid I don’t know nor care about?
@anitaroy6342
@anitaroy6342 7 күн бұрын
Abolish Department of Education now.
Glow Stick Secret 😱 #shorts
00:37
Mr DegrEE
Рет қаралды 132 МЛН
ХОТЯ БЫ КИНОДА 2 - официальный фильм
1:35:34
ХОТЯ БЫ В КИНО
Рет қаралды 869 М.
Don’t take steroids ! 🙏🙏
00:16
Tibo InShape
Рет қаралды 40 МЛН
Students want top earners to pay their tuition
8:57
Fox Business
Рет қаралды 2,4 МЛН