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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: motley chartreuse resort "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: Abusive Kitty Cat School 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: motley chartreuse resort 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: Abusive Kitty Cat School 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: Vibrant Gay Set Goyim 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: motley chartreuse resort 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: plum space 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: aromatic swollen theatre psychic 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: Marvelous Theater 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: laughsome mauve business firm 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: titillating puce sanctuary clown *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: motley chartreuse resort 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: cream vivacious cuckoldry 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: motley chartreuse resort (((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: cream vivacious cuckoldry 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: Curious cuckold hospital (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: cream vivacious cuckoldry 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: Curious cuckold hospital 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: cream vivacious cuckoldry 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: Curious cuckold hospital 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: cream vivacious cuckoldry 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: Curious cuckold hospital 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: cream vivacious cuckoldry 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: Curious cuckold hospital 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: cream vivacious cuckoldry 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: Curious cuckold hospital 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: Green locale prole 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: Green locale prole 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: Curious cuckold hospital 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: Green locale prole 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: Curious cuckold hospital 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: Green locale prole 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: Curious cuckold hospital (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: Green locale prole 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: Marvelous Theater 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: Curious cuckold hospital ...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: Abusive Kitty Cat School 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: lime floppy location 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: cream vivacious cuckoldry 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: Abusive Kitty Cat School 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: mind-boggling magenta corner travel guidebook 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: Green locale prole 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: poppy french chef foreskin 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: Zippy Menage Idea He Suggested 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: motley chartreuse resort 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: arrogant flushed hall ape 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: bearded exciting piazza karate 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: fuchsia free-loading coldplay fan depressive 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: Zippy Menage Idea He Suggested 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: Tripping Theater Stage Milk 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: appetizing shrine rigor (http://www.autoadmit.com/thread.php?thread_id=3620553&forum_id=2#33353860) |