Ed-vise: Student Loan Tax

A stormy GOOD MORNING!!! to you all! Yup, rain storm this morning. Made things cold and wet with WIND! I hate wind!

Monday Musings Ed-vise today. Cause it’s MONDAY! So GET AFTER IT!

Well, looks like the Red States managed to get the student loan forgiveness thing stalled…again.

Supreme Court dismissed one suit because the plaintiff did not have standing. Standing is basically the person who is bringing the suit is the actual person harmed.

This newest challenge was brought by a group of states (again). They allege that the loan forgiveness skirted congressional authority and would deprive the state of tax revenues and money because they invest in the loans and/or service the loans.

Friday I wrote about the student loans being a source of revenue for states. Especially when the state services the loan. If the feds forgive the loan, then the state loses all that future interest money. Which, in essence, is an additional tax on the students. In addition, unlike a mortgage, it cannot be discharged in bankruptcy court.

Understand something. When you pay money to the government (state or federal) it is paid in the form of a “fine” or a “tax.” A fine is a fee assessed for a penalty. All else is a TAX. When the government takes money from you…it is a TAX! You can call it what you like. At the end of the day…it’s a TAX!

So, when the government raises tuition that is the same as raising taxes. Only they are raising taxes on those that go to college. On those who generally don’t vote. Which is why the student loan game continues.

I’m just saying

That’s it for today. Take care of yourselves. Check in on each other and remember when a ghost takes a vacation, they go to…THE BOOHAMAS! HAHAHAHAHHAHAHAHA…BOO!


Published by edhlaw

Son, husband, father, uncle, nephew, cousin

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