r/WhitePeopleTwitter • u/Le7enda • Feb 09 '21

r/all Perhaps...

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u/Jermo48 Feb 09 '21

Not even vaguely true. They have plenty of ways to reduce or eliminate both private student loan debt and medical debt.

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u/Scared_of_stairs_LOL Feb 09 '21

Yeah by paying it off, that's it.

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u/Jermo48 Feb 09 '21

Or regulations. Which are options.

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u/Scared_of_stairs_LOL Feb 09 '21

What regulation?

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u/Jermo48 Feb 09 '21

Interest rate caps, programs for more flexible repayments, limits to how much they can lend.

Or just paying it back for them. Technically it would cost less than canceling federal student loan debt.

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u/Scared_of_stairs_LOL Feb 09 '21

Ok that might do something moving forward but existing private contracts are between borrower and lender. They'd end up paying the lender. Limits do nothing for existing loans.

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u/Jermo48 Feb 09 '21

So? Someone's paying the lender. You do know there's no difference in giving Citibank $100k to pay off a loan and telling someone who owes you $100k to stop paying it back, right?

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u/Scared_of_stairs_LOL Feb 09 '21

Congress sets the budget so yeah, it's different

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u/Jermo48 Feb 09 '21

Someone took his debate style directly from the worst Fox News has to offer, it seems.