Government Was Just Kidding About Repaying Student Loans


THE DEPARTMENT OF EDUCATION HAD CREATED A PROGRAM FOR STUDENTS STRUGGLING WITH STUDENT LOAN DEBT TEN YEARS AGO THE PROGRAM ALLOWED PEOPLE WHO WERE IN STUDENT LOAN DEBT TO ENTER PUBLIC SERVICE JOBS THAT WERE APPROVED BY THE DEPARTMENT, AND AFTER 10 YEARS, THE REMAINING STUDENT LOAN DEBT THAT THEY HAD WOULD BE FORGIVEN

FAST-FORWARD 10 YEARS LATER, AND ALL OF A SUDDEN ALL THE PEOPLE WHO WERE ACCEPTED INTO THIS PROGRAM GOT A LETTER FROM THE DEPARTMENT SAID THAT ñ THAT SAID THAT THE PUBLIC SERVICE JOBS THAT THEY DID BUT MAYBE DIDN'T WANT TO DO DON'T QUALIFY FOR THIS PROGRAM LET'S KEEP IT REAL, THESE STUDENTS WERE LIED TO AND COMPLETE THE SCAMS, BUT LET ME GIVE YOU MORE INFORMATION ALL RIGHT, SO, THE FORGIVENESS PROGRAM OFFERS MAJOR BENEFITS FOR BORROWERS, ADVOCATES SAY, TO THE POINT OF PERSUADING SOME PEOPLE TO TAKE PUBLIC SERVICE JOBS INSTEAD OF MORE LUCRATIVE WORK IN THE PRIVATE SECTOR THE PROGRAM GENERALLY COVERS PEOPLE WITH FEDERAL STUDENT LOANS WHO WORK FOR 10 YEARS AT A GOVERNMENT OR NONPROFIT ORGANIZATION, A DIVERSE GROUP THAT INCLUDES PUBLIC SCHOOL EMPLOYEES, MUSEUM WORKERS, DOCTORS AT PUBLIC HOSPITALS AND FIREFIGHTERS THE FEDERAL GOVERNMENT APPROVED THE PROGRAM IN 2007 IN A SWEEPING, BIPARTISAN BILL

SO, BOTH DEMOCRATS AND PUBLICANS REALIZED THAT THEY WANTED TO HELP THESE STUDENTS OUT, AND IF THEY PROVIDE A PUBLIC SERVICE THAT WE APPROVE, THEN AFTER 10 YEARS OF WORKING IN THAT FIELD, WE WILL FORGIVE THEIR REMAINING STUDENT LOAN DEBT AND NOW THEY GO, YOU BELIEVED US? HA-HA SO HERE'S THE UPDATE: THE EDUCATION DEPARTMENT SUGGESTED THAT BORROWERS COULD NOT RELY ON THE PROGRAMS ADMINISTERED OR TO SAY ACCURATELY WHETHER THEY QUALIFY FOR DEBT FORGIVENESS THE THOUSANDS OF APPROVAL LETTERS THAT HAVE BEEN SENT BY THE ADMINISTRATOR, FEDLOAN SERVICING, ARE NOT BINDING AND CAN BE RESCINDED AT ANY TIME, THE AGENCY SAID THIS IS WHY PEOPLE HATE POLITICIANS, AND SOMETIMES GOVERNMENT

WE HAVE TO DISTINGUISH BETWEEN, WHAT IS THE GOOD PART OF THE GOVERNMENT AND THE BAD PART OF THE GOVERNMENT GOOD GOVERNMENT SOMETIMES GIVES YOU SOCIAL SECURITY AND HELP SAVE YOUR LIFE WITH MEDICARE, AND THERE'S WONDERFUL PARTS OF THE GOVERNMENT AND THEN THERE ARE ATROCIOUS PARTS, WHERE THEY THINK, WELL WE ARE ABOVE YOU, AND SO YOU HAVE TO PLAY BY THE RULES, AND IF YOU STEP OUTSIDE THE RULES FOR ONE SECOND, I MEAN, YOU WERE AT A PARKING METER THAT RAN ONE MINUTE LONG, WE ARE GOING TO JACK YOUR CAR AND BY THE WAY, AS WE FOUND OUT, THAT IS SOMETIMES SYSTEMATICALLY DONE IN PLACES LIKE FERGUSON, WE FOUND OUT THAT THEY TARGETED THE POOR, THAT IF THEY VIOLATED ANY RULES THEY WOULD GIVE THEM TICKETS, ETC, AND TRY TO TAKE MONEY FROM THE POOR COMMUNITIES MORE THAN THEY ñ AND BLACK COMMUNITIES ñ MORE THAN THEY WOULD FROM WHITE COMMUNITIES, OR RICH COMMUNITIES

SO IF YOU JUST VIOLATE THE RULES FOR A SECOND, THEY ARE LOOKING FOR YOU AND THEY WILL LAY THE HAMMER DOWN ON YOU BUT WHEN IT COMES TO THEM THEY ARE LIKE, YOU LISTEN TO US? AND YOU WORKED FOR THE PUBLIC SECTOR FOR 10 YEARS? THAT'S A DECADE OH, JUST KIDDING NOW, IT'S NOT FOR EVERYBODY, A LOT OF FOLKS ARE STILL ABLE TO GO THROUGH THE PROGRAM, BUT FOR SOME FOLKS THEY ARE SAYING, NOPE, WE NOW CHANGE THE RULES ON YOU COMPLETELY AND THAT'S WHY PEOPLE GET FURIOUS, AND RIGHTFULLY SO, AT POLITICIANS

AND HERE'S THE REALITY OF HOW THIS WHOLE PROCESS WORKS EVERY YEAR, THE PEOPLE WHO APPLY FOR THIS PROGRAM HAVE TO HAVE SOME SORT OF MEDICATION, BASICALLY NOT REAPPLIED BUT ñ SOME SORT OF COMMUNICATION WITH THE DEPARTMENT OF EDUCATION TO ENSURE THAT WHAT THEY ARE DOING IS FOLLOWING THE RULES I DON'T UNDERSTAND WHERE THE DISCONNECT HAPPENS, OR WHY IT IS THAT ALL OF A SUDDEN UNDER A NEW EDUCATION DEPARTMENT THESE STUDENTS ARE BEING TOLD THAT THIS WAS NONBINDING, AND EVEN THOUGH YOU'VE BEEN WORKING IN THIS JOB THAT MIGHT BE LESS LUCRATIVE FOR 10 YEARS, MAYBE IT DOESN'T QUALIFY I WOULD BE ENRAGED I'VE BEEN WORKING AT TYT FOR 10 YEARS, BUT I MADE THE DECISION TO MAKE LESS MONEY

THESE PEOPLE WERE KIND OF LIKE, NOT FORCED, BUT THINK ABOUT IT, IF YOU HAVE A TREMENDOUS ABOUT A STUDENT LOAN DEBT AND YOU HAVE THE OPPORTUNITY TO GET IT FORGIVE AND IF YOU TAKE A SPECIFIC TYPE OF JOB, YOU ARE GOING TO TAKE THAT JOB AND THAT'S WHAT THESE PEOPLE DID THIS ESSENTIALLY DICTATED THEIR LIVES AND THEIR CAREER PATHS YOU CAN PUT ANY NUMBER ON IT THAT YOU WANT LET'S SAY YOU HAD A STUDENT DEBT THAT WAS WHAT TO GET FORGIVEN, AND MAKE UP A NUMBER, IT'S $20,000 STUDENT DEBT IS SOMETIMES DIDACTIC

AND THEY GO, OH, NO, I LIKE TO YOU AND YOU STILL HAVE THAT $20,000 DEBT YOU WERE COUNTING ON THAT EXTRA FOR WORKING A JOB THAT DID NOT PAY YOU AS WELL, THAT WAS PART OF YOUR EXPECTED COMPENSATION BASED ON THE RULES THAT THEY GAVE YOU AND AT THE END THEY GO, JUST KIDDING, YOU STILL OVER $20,000 IF WE PROMISED YOU A BONUS AT THE END AND YOU GOT TO THE END AND WE WERE LIKE, NO WE GIVE YOU NOTHING, WE LIED TO YOU THE WHOLE TIME I BE REALLY UPSET, BUT I'M A SUCKER, I'D PROBABLY STILL BE HERE

I MEAN, DON'T USE THAT AS ñ OH, TAKE NOTES ñ MEANS TO DO ANYTHING SHADY IN THE FUTURE BUT PEOPLE WOULD BE VERY UPSET AND AGAIN, THIS PROGRAM, OF COURSE THEY CONSENTED TO IT, THE STUDENTS DID, BUT IT DID DICTATE THEIR CAREER PATHS, AND THAT'S BIG, THAT'S A BIG DEAL BY THE WAY, FOUR BORROWERS AND THE AMERICAN BAR ASSOCIATION HAVE FILED A LAWSUIT, AND WE WILL SEE HOW IT PLAYS OUT, BUT I DO BELIEVE THAT THE BORROWERS HERE HAD A STRONG CASE, ESPECIALLY IF THEY HAVE ALL OF THE DIFFERENT CORRESPONDENCE WITH THE ñ CORRESPONDENCE WITH THE DEPARTMENT THAT INDICATED THAT THE JOB THEY WERE WORKING YET QUALIFIED FOR THE PROGRAM IT'S AMAZING HOW MUCH MORE RIGHT-WING WASHINGTON GETS EVERY SINGLE YEAR

'07, THOSE WERE NOT GOOD TIMES, THOSE WERE THE BUSH CHENEY YEARS, BUT EVEN THEN, A BIPARTISAN BILL THAT INCLUDED REPUBLICANS PASSED, THAT SAID IF STUDENTS COME OUT OF COLLEGE AND THEY ARE DOING SOME WONDERFUL AND GIVING BACK TO THE COMMUNITY WE SHOULD REWARD THEM REPUBLICAN SAID THAT NOW 10 YEARS LATER THEY ARE LIKE, NO WAY, DON'T CARE, HERE'S SOME BOOTSSTRAPS FOR YOU, BY THE WAY, KEEP PAYING OUR BANKER FRIENDS

Source: Youtube


Like it? Share with your friends!

AJ

Choose A Format
Personality quiz
Series of questions that intends to reveal something about the personality
Trivia quiz
Series of questions with right and wrong answers that intends to check knowledge
Poll
Voting to make decisions or determine opinions
Story
Formatted Text with Embeds and Visuals
List
The Classic Internet Listicles
Countdown
The Classic Internet Countdowns
Open List
Submit your own item and vote up for the best submission
Ranked List
Upvote or downvote to decide the best list item
Meme
Upload your own images to make custom memes
Video
Youtube, Vimeo or Vine Embeds
Audio
Soundcloud or Mixcloud Embeds
Image
Photo or GIF
Gif
GIF format