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DOE says PSLF language in MPN does not provide borrowers with contractual right
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Date: May 20th, 2017 10:32 AM Author: Translucent arrogant chapel sound barrier "With regard to incorporating a description of the public service loan forgiveness benefit in the MPN, the Department is already taking steps to refer to the program in the MPN and other program documents. However, the MPN will continue to state, as it currently does, that the terms and conditions of the loans are subject to the HEA as it is amended in accordance with the effective date of those amendments. Although there is no history in the program of Congress eliminating or reducing a borrower benefit, the Department does not believe that a reference to the public service loan forgiveness program in the MPN would provide the borrower with a contractual right to the benefit should Congress take action to eliminate that benefit from the HEA as of a particular effective date."
https://www.gpo.gov/fdsys/pkg/FR-2008-10-23/pdf/E8-24922.pdf |
Date: May 20th, 2017 10:37 AM Author: soul-stirring effete property Can you argue you such a contract is unconscionable and that nobody would've entered into one where the rug can be pulled out at the last minute? (http://www.autoadmit.com/thread.php?thread_id=3620553&forum_id=2#33351050) |
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Date: May 20th, 2017 10:40 AM Author: Translucent arrogant chapel sound barrier of course. will it matter? (http://www.autoadmit.com/thread.php?thread_id=3620553&forum_id=2#33351056) |
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Date: May 20th, 2017 11:05 AM Author: soul-stirring effete property Can you sue the Feds? (http://www.autoadmit.com/thread.php?thread_id=3620553&forum_id=2#33351190) |
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Date: May 20th, 2017 11:15 AM Author: Ungodly skinny woman bivens (http://www.autoadmit.com/thread.php?thread_id=3620553&forum_id=2#33351243) |
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Date: May 20th, 2017 12:00 PM Author: Translucent arrogant chapel sound barrier Devos! (http://www.autoadmit.com/thread.php?thread_id=3620553&forum_id=2#33351494) |
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Date: May 20th, 2017 10:41 AM Author: twinkling frum affirmative action HEHEHE (http://www.autoadmit.com/thread.php?thread_id=3620553&forum_id=2#33351057) |
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Date: May 20th, 2017 11:01 AM Author: Boyish Well-lubricated Senate Hissy Fit Thanks Trump (http://www.autoadmit.com/thread.php?thread_id=3620553&forum_id=2#33351170) |
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Date: May 20th, 2017 12:26 PM Author: Elite Bistre Brethren Institution This would be a great fact pattern for a Ks exam (http://www.autoadmit.com/thread.php?thread_id=3620553&forum_id=2#33351620) |
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Date: May 20th, 2017 12:29 PM Author: free-loading hyperventilating indirect expression Earl begins furiously fapping (http://www.autoadmit.com/thread.php?thread_id=3620553&forum_id=2#33351632) |
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Date: May 20th, 2017 3:52 PM Author: tripping location *demands his slave fap him as he is busy playing COD (http://www.autoadmit.com/thread.php?thread_id=3620553&forum_id=2#33352769) |
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Date: May 20th, 2017 2:55 PM Author: Translucent arrogant chapel sound barrier tbf, this is obviously only DOE's interpretation. but isn't case law on estoppel not in our favor when suing the govt? (http://www.autoadmit.com/thread.php?thread_id=3620553&forum_id=2#33352321) |
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Date: May 20th, 2017 2:56 PM Author: big-titted house-broken persian good. taxpayers shouldn't subsidize your education (http://www.autoadmit.com/thread.php?thread_id=3620553&forum_id=2#33352332) |
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Date: May 20th, 2017 2:57 PM Author: Translucent arrogant chapel sound barrier (((GC))) cuck (http://www.autoadmit.com/thread.php?thread_id=3620553&forum_id=2#33352336) |
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Date: May 20th, 2017 3:02 PM Author: big-titted house-broken persian no you little fag. i repaid 270k in loans by making sacrifices. handout eating faggots like you need to get shot into space (http://www.autoadmit.com/thread.php?thread_id=3620553&forum_id=2#33352362) |
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Date: May 20th, 2017 3:12 PM Author: hairraiser locale (http://www.autoadmit.com/thread.php?thread_id=3620553&forum_id=2#33352438) |
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Date: May 20th, 2017 3:15 PM Author: big-titted house-broken persian you seem smart enough then to have seen this coming. even obama talked about instituting a pslf cap well lower than the average law school debtor's debtload. grad school forgiveness is a tough sell. (http://www.autoadmit.com/thread.php?thread_id=3620553&forum_id=2#33352464) |
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Date: May 20th, 2017 3:17 PM Author: hairraiser locale so "just do believe that the government willfully swindles its citizens in its commercial dealings?" (http://www.autoadmit.com/thread.php?thread_id=3620553&forum_id=2#33352478) |
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Date: May 20th, 2017 3:19 PM Author: big-titted house-broken persian yes dude. insane that millennials are so naive about this. (http://www.autoadmit.com/thread.php?thread_id=3620553&forum_id=2#33352501) |
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Date: May 20th, 2017 3:21 PM Author: hairraiser locale i can see why you and others might have been skeptical about the program from the outset. but it's a big jump from "you should have seen this coming because the government is a bunch of grifting scumbags" to "it's your fault that you got swindled and it's morally wrong for you not to pay your fraudulently induced debt." (http://www.autoadmit.com/thread.php?thread_id=3620553&forum_id=2#33352529) |
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Date: May 20th, 2017 3:24 PM Author: big-titted house-broken persian well come on it wasnt fraudulently induced. it was that you chose an employment path afterwards (you had no idea as an 0L applicant that you would've been able to land a DOJ, etc job) on reliance on something that you should've known better than to rely on. anything where the time horizon is longer than the current administration is unjustifiably risky given the government's current fiscal situation and entitlement load
you and the military guys are the types that i feel the most empathy for fwiw |
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Date: May 20th, 2017 3:29 PM Author: hairraiser locale the government now feels a lot different than the government when i made all of the relevant decisions. i just don't think it was that unreasonable for me to have relied on the promise then. now? of course i would have chosen biglaw. (http://www.autoadmit.com/thread.php?thread_id=3620553&forum_id=2#33352601) |
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Date: May 20th, 2017 3:32 PM Author: big-titted house-broken persian for your sake im sorry this is happening, but it wouldve happened under any future admin, dem or repub. again, obama started pushing the 57k cap but because no one was coming up for eligibility during his term he instead kicked the can as he often did (http://www.autoadmit.com/thread.php?thread_id=3620553&forum_id=2#33352627) |
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Date: May 20th, 2017 3:49 PM Author: hairraiser locale i see that now. my financial life will be ruined without PSLF, but the uncertainty doesn't bother me as much anymore. i'll definitely try to join any lawsuit that results if they retroactively repeal it, and the chips will fall where they may. (http://www.autoadmit.com/thread.php?thread_id=3620553&forum_id=2#33352744) |
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Date: May 20th, 2017 3:55 PM Author: big-titted house-broken persian i'm a tranny so i honestly dont know the answer to this q but does biglaw take in 5th year AUSAs? maybe a drop in class year but cant imagine you dont have any higher paying employment opps in the private sector. (http://www.autoadmit.com/thread.php?thread_id=3620553&forum_id=2#33352794) |
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Date: May 20th, 2017 4:01 PM Author: hairraiser locale maybe? i haven't really looked because i want to stay in this job if at all possible. i'm in a flyover office that doesn't do the most sophisticated crimes, though. i've done some simple fraud and tax-evasion cases, but nothing that would prepare me to join a white-collar group doing FCPA work or anything like that. you don't know any lit bros who came from USAOs? (http://www.autoadmit.com/thread.php?thread_id=3620553&forum_id=2#33352834) |
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Date: May 20th, 2017 5:13 PM Author: talented becky If you have legit trial experience, you are more prepared for the job than 99.9% of biglaw attorneys. (http://www.autoadmit.com/thread.php?thread_id=3620553&forum_id=2#33353329) |
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Date: May 20th, 2017 3:35 PM Author: talented becky This type of analysis is not black and white. (http://www.autoadmit.com/thread.php?thread_id=3620553&forum_id=2#33352648) |
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Date: May 20th, 2017 3:51 PM Author: hairraiser locale i know. it makes sense that someone who sacrificed to pay off a huge debt load would resent forgiveness for others. i just wanted to give my perspective from the other side. (http://www.autoadmit.com/thread.php?thread_id=3620553&forum_id=2#33352765) |
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Date: May 20th, 2017 5:19 PM Author: talented becky No, I was referring to your analysis of various employment options. When you were making your decision on whether to stay in the AUSA's office, you should have discounted the amount of loans you expected to be forgiven to account for the uncertainty of realizing the full forgiveness of your loans. As someone else pointed out, it was fairly evident that something was going to be done to limit PLSF, even if dems had a say in it.
On an unrelated note, I have a question relating to your job. Bump this if you are around.
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Date: May 20th, 2017 5:31 PM Author: hairraiser locale ah, right. to be sure, though, the possibility we're talking about isn't congress retroactively repealing PSLF; it's congress retroactively repealing PSLF and shitlib courts don't side with the poor public servants. i think that the latter is still pretty unlikely, but biglaw is still probably the right choice when you factor in non-financial considerations like the stress from worrying about retroactive repeal.
what's up? |
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Date: May 20th, 2017 5:42 PM Author: talented becky do you have a throw away email address? (http://www.autoadmit.com/thread.php?thread_id=3620553&forum_id=2#33353532) |
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Date: May 20th, 2017 5:52 PM Author: hairraiser locale (http://www.autoadmit.com/thread.php?thread_id=3620553&forum_id=2#33353585) |
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Date: May 20th, 2017 3:24 PM Author: talented becky There is a large portion of society who hold this view and make decisions accordingly.
As I mentioned in the other thread, when you stand to benefit from government largesse that is directed towards one of the party's favored groups, it is foolhardy to not discount the value of the future benefit to account for the possibility that the law may be changed.
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Date: May 20th, 2017 3:34 PM Author: Elite Bistre Brethren Institution You aren't getting swindled you douchebag. YOU are doing the SWINDLING (http://www.autoadmit.com/thread.php?thread_id=3620553&forum_id=2#33352638) |
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Date: May 20th, 2017 3:01 PM Author: hairraiser locale ...ok. (http://www.autoadmit.com/thread.php?thread_id=3620553&forum_id=2#33352359) |
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Date: May 20th, 2017 3:09 PM Author: soul-stirring effete property You can't do that after the fact. (http://www.autoadmit.com/thread.php?thread_id=3620553&forum_id=2#33352407) |
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Date: May 20th, 2017 3:11 PM Author: hyperactive legend kitchen this is a dumb view. people took loans on the basis of that being the deal. if you think thats bad policy, fine, change it going forward. its immensely shitty to change it retroactively after the debt has been incurred on the basis of the deal that was on offer (http://www.autoadmit.com/thread.php?thread_id=3620553&forum_id=2#33352422) |
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Date: May 20th, 2017 3:12 PM Author: big-titted house-broken persian relying on the government's promise for anything a couple administrations down the road is retarded. same thing is going to happen to 401kmos (http://www.autoadmit.com/thread.php?thread_id=3620553&forum_id=2#33352439) |
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Date: May 20th, 2017 3:17 PM Author: soul-stirring effete property They already start making you withdraw from 401k at 70.5. (http://www.autoadmit.com/thread.php?thread_id=3620553&forum_id=2#33352482) |
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Date: May 20th, 2017 3:07 PM Author: vermilion cuck station jobs at the state AG, PD, DA/SA, USAG will become jobs solely for the elite with political aspirations or those with full rides if law school means 300k+ loans with no forgiveness type programs. (http://www.autoadmit.com/thread.php?thread_id=3620553&forum_id=2#33352397) |
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Date: May 20th, 2017 3:15 PM Author: talented becky That's a feature, not a bug. Besides, the military will remain a big pipeline for non-elite into these types of jobs. (http://www.autoadmit.com/thread.php?thread_id=3620553&forum_id=2#33352462) |
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Date: May 20th, 2017 4:05 PM Author: Spectacular personal credit line background story IMO this won't get through congress without major changes. It won't be retroactive - the backlash from millennials would be too yuge, and we outnumber boomers now. (http://www.autoadmit.com/thread.php?thread_id=3620553&forum_id=2#33352868) |
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Date: May 20th, 2017 6:23 PM Author: cobalt digit ratio Backlash from millennials​ LOLOL good one! (http://www.autoadmit.com/thread.php?thread_id=3620553&forum_id=2#33353711) |
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Date: May 20th, 2017 6:41 PM Author: Translucent arrogant chapel sound barrier It does seem to be a tactical error to motivate youngs to vote in 2020 for a dem promising them loan foregiveness. The number youngs/ 30 somethings this fucks over is probably in the millions. (http://www.autoadmit.com/thread.php?thread_id=3620553&forum_id=2#33353819) |
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Date: May 20th, 2017 5:08 PM Author: contagious hall Lol (http://www.autoadmit.com/thread.php?thread_id=3620553&forum_id=2#33353302) |
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Date: May 20th, 2017 5:22 PM Author: Exciting Alcoholic Church Old Irish Cottage 1800000 (http://www.autoadmit.com/thread.php?thread_id=3620553&forum_id=2#33353378) |
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Date: May 20th, 2017 5:31 PM Author: Stirring piazza i took a shitty state job based on PLSF. if it goes away, i'm looking at a pay off in 3-4 years. i'll be 37 without a dollar to my name. (http://www.autoadmit.com/thread.php?thread_id=3620553&forum_id=2#33353422) |
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Date: May 20th, 2017 6:26 PM Author: cobalt digit ratio I think a realistic compromise is to cap forgiveness at like 20K, with the balance transferred to new PAYE.
Looks like PAYE/IBR are going to 30 years and will be probably be extended out to perpetuity before any forgiveness is ever given. |
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Date: May 20th, 2017 6:33 PM Author: Awkward sepia regret If my PAYE benefits are negatively affected by any legislation, then the IRS an say goodbye to ever getting another penny from me. Europe here I come. (http://www.autoadmit.com/thread.php?thread_id=3620553&forum_id=2#33353777) |
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Date: May 20th, 2017 6:46 PM Author: Razzmatazz abode alpha (http://www.autoadmit.com/thread.php?thread_id=3620553&forum_id=2#33353860) |