Half the people in the U.S. making at least $100K are living paycheck to paycheck. So to say this relief won't be happily accepted by someone just because they make around $100K is silly.

Funny how they set the bar at $125K here, considering democrats used $400K as the threshold for "middle class" with his tax the rich plan.

This post was edited by Sixers on Aug 25 2022 02:23pm

Wait what? Where does the IRS come into play here? Department of Education is the one who is handling this... which is going to suck for them as they're also severely underfunded

This.

....the argument was not would you be happy to receive 10K because you're already doing well. Of course the majority of people are going to be happy with an upfront 10K....... dosen't take much thinking to know that.

Your post was about making 110K not sound like a lot, which based on statistics of median incomes across the country and even in the large cities you referenced 110 by the majority of standards is indeed a lot, double in most cases.

According to Biden and the other Democrats, anything below $400K is middle class.

So $100K is meh am i right?

verifying income

What are you going on about. We are talking about your posts. You are the one that made it sound like 110K is not a lot.

"You act like $110K is a lot. Especially in big higher cost of living cities where it's the minimum."

I showed you that yes the average person in the USA would call 110k a lot even in higher cost cities.

This post was edited by SBD on Aug 25 2022 02:36pm

the IRS was never used in verifying income for the Department of Education (least as far as I'm aware). They ask for last year's taxes in addition to the last few paystubs. (or at least they did for my income-based repayments).

Fairly certain it wouldn't be legal for them to share information like that.

Edit: Hence the whole fafsa process instead of them just taking the information directly from the IRS.

This post was edited by Gala32 on Aug 25 2022 02:40pm