Byron is forgiving your student loans— SIKE! He hates us.
If 46 million Americans have student loan debt, and they only forgive 100,000 people did Biden follow through with his campaign promises?
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According to Forbes Byron says he’ll forgive 6.2 billion in student loan debt. Don’t worry, you (probably) won’t qualify.
Pay attention to these headlines because they obfuscate the truth with numbers. One of the ways the media/gov loves to make it seem like they're giving what they’re definitely not giving is by manipulating statistics through omissions.
Ok so the first thing we see is “6.2 billion dollars,” wow what a big number surely it must include everyone! Wrong, there is 1.7 trillion dollars in student loan debt. But did they say that? No? Why? Because they’re presenting a fact and hiding the context to shape our attitudes. Don’t get it twisted this fool wants re-election. Jk we need a millennial president like Chile. If we take away 6.2 billion from 1.7 trillion are still one trillion six hundred ninety-three billion eight hundred million dollars left in student loan debt. I can’t even fathom how much money that is, can you? If we look even closer we can see Forbes is saying around 100,000 people will qualify, wow seems like a lot. Wrong again, there are roughly 46 million Americans with student loan debt. So like BB, sweetie, why are you telling us this? Why is this the hot goss?
Fun fact: The height of a stack of 1,000,000,000,000 (one trillion) one dollar bills measures 67,866 miles. This would reach more than one fourth the way from the earth to the moon.
So let’s look at the math, cuz it ain’t mathin for me here.
Here’s an SAT question for ya: If 46 million Americans have student loan debt, and they only forgive 100,000 people, did Biden follow through with his campaign promises?
According to Forbes Biden has canceled $15 billion of student loans for more than 675,000 people. OK so even if that’s true (cuz bitch where?), that's less than a million people combined out of 46 MILLION!! Thats like 1% “forgiveness.”
Let’s look at the real travesty here: the fact that only 675,000 people combined owed more than $15 billion in student loans. That’s insane!
And now again the fact that only 100,000 people represent $6.2 billion in debt. When the media comes at you with numbers make sure you look at the big picture because we should be outraged!
Another kick in the teeth is the “qualifying employers” provision.
To even begin to qualify for student loan forgiveness you have to work for a non-profit or a list of government entities and approved affiliated professions— surprise, surprise! You can check out all the ways you don’t qualify here.
Not just that, but all the qualifications for forgiveness are just rude af. They want “120 qualifying payments” first. That's 10 years of monthly payments!!! In this economy?
And wtf is a “qualifying payment”?
“A qualifying monthly payment is a payment that you make after Oct. 1, 2007; under a qualifying repayment plan; for the full amount due as shown on your bill; no later than 15 days after your due date” They want 10 years worth of on time payments of the full amount on the bill. So if I’m understanding this correctly, a late payment won’t count, if you missed one payment or made a late/partial payment over the last 10 years they don’t count. This is from the official Student Loan forgiveness form you can access here:
1. To qualify for forgiveness, I must have made 120 qualifying payments on my Direct Loans while employed full-time by a qualifying employer. Neither the 120 qualifying payments nor employment have to be consecutive. (is this a deductible? That’s 10 years worth of monthly payments bro Lol okay sure)
2. To qualify for forgiveness, I must be employed full-time by a qualifying employer when I apply for and get forgiveness.(demanding for us to have full time jobs when “no one wants to work,” touche government)
3. By submitting this form, my student loans held by the Department may be transferred to FedLoan Servicing.
4. If the Department determines that I appear to be eligible for forgiveness, the Department may contact my employer before granting forgiveness to ensure that I continue to work for the employer. (They’re gunna ask your employer first tho and you must be full time!)… (read the rest here)
FORREAL though in all fairness if you qualify for this God bless your heart and get your shit forgiven! If you’re the 1% milk it bb!
BYRON!! WTF dude! Cancel our student loans baby! 😘😘😘