What's your thoughts on all the talk about student debt forgiveness?

[Philthy_Phil]

Or debt forgiveness of any kind.

Is it fair to everyone else who paid all their own debts?

Are they just leeches of society?

 

[adrina]

I'd rather forgive student loan debt than those assholes with the PPP. Or the banks. Or the corporations.

If given the option.

 

[ll74]

Education advances our economy. As does healthcare and environmental improvements. I'm for use of government to help society focus on wellness and improvement of our economy.

 

[butters]

a lot of those complaining about the debt forgiveness NEVER had to carry the kind of debts younger people are today just to get an education

it's insane how high loans have had to be in order to cover that; schools and colleges and unis should never have been allowed to charge such brutally exorbitant prices

 

[Dribble]

Education should be free. The collegiate system is broken.

 

[Philthy_Phil]

I'd rather forgive student loan debt than those assholes with the PPP. Or the banks. Or the corporations.

If given the option.

 

[Philthy_Phil]

 

[Intrigued42]

https://twitter.com/x/status/1562917942836215808

 

[Chobham]

Comparing PPP to the student loan forgiveness is a false equivalency.

PPP was established by an act of congress, not by administrative fiat.

PPP was a bad idea and is no basis to move on another bad idea.

 

[lovecraft68]

More rewarding of deadbeats.
A generation that thinks the following is 'evil'
Working
Paying rent
Having money(unless they have it)
and now having to pay money you borrowed in a legal agreement.

Also, another vote buying grab, but also part 2 a way to piss people off and lose some votes

The issue that makes student loans so difficult to pay back is two fold. On a strictly financial level, the interest rate is often robbery. Rather than hand outs and forgiveness how about getting these things interest free for a period of time or a fair interest rate?

Second issue is so many colleges the education is flat out garbage or in fields so low paying the reality is its not worth going into debt for with loans. But this is an issue people have to figure out for themselves

 

[lovecraft68]

Another factor that should be looked at is, did they need to borrow this money in the first place?

Example; my wife received a full boat scholarship to BU, living on campus, everything covered.

However, she still received loan offers under the guise of...well what are you doing about a car? Clothes? Want to have any fun, or do you want to have to work while trying to study? My wife, like many 18 year olds getting this pitch was like oh, um, yeah, money could be nice and ended up borrowing.

Took her five years to pay off the money, none of which was part of her education.

 

[lovecraft68]

On a related topic I think everyone who over the years paid back their loans should now be seeking reparations from the deadbeats that get theirs forgiven.

 

[Chobham]

More rewarding of deadbeats.
A generation that thinks the following is 'evil'
Working
Paying rent
Having money(unless they have it)
and now having to pay money you borrowed in a legal agreement.

Also, another vote buying grab, but also part 2 a way to piss people off and lose some votes

The issue that makes student loans so difficult to pay back is two fold. On a strictly financial level, the interest rate is often robbery. Rather than hand outs and forgiveness how about getting these things interest free for a period of time or a fair interest rate?

Second issue is so many colleges the education is flat out garbage or in fields so low paying the reality is its not worth going into debt for with loans. But this is an issue people have to figure out for themselves

Along that same vein, tuition rates at virtually all of the colleges/universities have increased faster than the annual inflation rate ever since the student loan program began. Coincidence?

More and more of the classes are being taught by associate professor's who are doing so for next to nothing wages while the tenured staff and administrators have been amply rewarding themselves.

That is the only thing in this administrative action that I sort of approve of, starting to hold the various institutions accountable for their tuition rates and student outcome, it doesn't go nearly far enough, but it is a step in the right direction.

 

[Lucy_Lastic]

Education is an investment in the country. It should be free to everyone.

 

[iso36]

With all this talk of things that are or should be Free…

Why is there still no free lunch?

 

[BabyBoomer50s]

An extension of the federal loan and student aide subsidies game that’s been going on for years. Colleges will rationally keep raising tuition and students will continue to be incentivized to take out more loans. Unless the financial incentives for colleges are changed, tuition costs and debt will continue rising. In the meantime, the US is unlikely to experience a shortage over-educated, under-employable Americans. There’s nothing this country needs more than graduate students enrolled in gender studies programs.

 

[ll74]

With all this talk of things that are or should be Free…

Why is there still no free lunch?

There is for people who need it.

 

[Dribble]

Education is an investment in the country. It should be free to everyone.

Winner...


Or...the alternative is education as it exists now is nothing but a scam and very profitable to certain people...kinda like the prison system...and health care system ...and judicial system....and ....

 

[hulmule]

Pro and Con , It will help some of them get on their feet and have a little better start sooner if life vs being buried. haven't read the details yet to say if good or bad. College Wouldn't be bad if the loan rates weren't so high. The system needs fix along with heath care. BUT until Senators, Congress are all living like us- Same health care, S.S and the rest there will always be this big separation. Certain people will never be a tradesmen, so people head to college. Problem they really dont know whats out there in life to offer them. So get a college degree and never work in that field? They need better internship's for people to see in the first year or 2 of school that this wasnt what i thought it wasnt going to be. Better education in Highschool... Basics, balance your check book etc. These life skills are not taught back when they should be. Sometimes the parents didnt know any better and didnt teach their children, so the schools should be doing it.

 

[Lucy_Lastic]

As it is now (I'm talking about the UK here but the US I think is similar) it's a mess.

There's pressure to get as many people into university as possible. I'm studying law, but have no intention of practicing.

There needs to be a wider range of higher education from apprenticeships to vocational college to university. We have too many lawyers, not enough builders, plumbers, etc. University shouldnt be seen as the ultimate goal for everyone.

 

[_mattycatfish]

It’s an easy way to keep unemployment down.

and the uk following the us system of making university a business just encourages them to charge more. i think only medicine has its fees capped by govt, and limits the number of ‘market’ places available to foreign students.

 

[oggbashan]

The US (and the UK) need far more qualified people in substantial subjects such as medicine, engineering, and science. We need many more nurses. too.

Yet we expect those studying those subjects to be self-funding and to end their studies with substantial debts.

It is madness. If we need them, the government should pay.

We don't need media studies or non-useful subjects. If students want to study them and end up as burger tossers? They should pay for their courses. But qualifications the country is desperate for? Paying for the tuition and living costs should be a no-brainer.

Nurses are even more desperate. In the 1960s student nurses were paid and accommodated while they were studying. Now? They must pay their tuition and living costs to end up in a shitty job that pays poorly. Why should they run up debts for that?

 

[IrezumiKiss]

Comparing PPP to the student loan forgiveness is a false equivalency.

PPP was established by an act of congress, not by administrative fiat.

PPP was a bad idea and is no basis to move on another bad idea.

https://twitter.com/x/status/1563152081233801218

https://twitter.com/x/status/1563150355919097857

The point is that the people bitching the loudest about the student loan forgiveness are largely people (on the Right) who took advantage of taking out PPP loans.

people who were already marginally wealthy at least, didn't actually use the loans as they were intended to be used and apparently dragged their ass on paying the loans back.

they have zero legs to stand on in criticizing the student loan forgiveness. of course, they could refuse their own loans being forgiven, pay them back fully and set an example for others, but you know, America is gonna America. Grift for me, but not for thee.

 

[RobDownSouth]

My thoughts?

 

[jomar]

Mixed feelings here. Predatory lending needs to be swatted down (and credit card companies have been sending college freshmen free cards forever). Maybe I’m a bit of a pragmatist, so like ogg I kind of balk at the idea of loan forgiveness for folk choosing to get undergraduate degrees will not result in jobs in that field, such as psychology, English and history…those require graduate degrees but sometimes life happens. So, I dunno.

I disagree with Kradder on entitlement-folks with soaring student loan debt don’t expect free, they just want a way out from under.

And finally, it looks like I totally messed up with my PPP loan by using it for payroll. Guess I should have consulted Gaetz and MTG.