BREAKING: Biden looking to forgive “substantial amount” of student loan debt

GetSomeMoney

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Threads on this topic are pointless. This thread always plays out the same way. Of course most people are going to be excited that he may pay off or assist on some level with schools loans because it affects them (in most of the cases). I wouldn't be entirely against money being applied towards loans but there are consequences that are predominantly going to affect the average individual and not billionaires as other have suggested. More money in the system does drive up prices but I think most would be fine with that if they didn't have school loans payments now but how much it drives up prices does remains to be seen. I also understand the argument of those who did pay their loans off and not because of higher paying jobs but sacrifices in spend. I wonder how this thread would go if Biden was focused on the future of college affordability in lieu of cancelling debt as both would probably carry a cost to taxpayers, just wondering what people would prefer.
 

KFBF

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Threads on this topic are pointless. This thread always plays out the same way. Of course most people are going to be excited that he may pay off or assist on some level with schools loans because it affects them (in most of the cases). I wouldn't be entirely against money being applied towards loans but there are consequences that are predominantly going to affect the average individual and not billionaires as other have suggested. More money in the system does drive up prices but I think most would be fine with that if they didn't have school loans payments now but how much it drives up prices does remains to be seen. I also understand the argument of those who did pay their loans off and not because of higher paying jobs but sacrifices in spend. I wonder how this thread would go if Biden was focused on the future of college affordability in lieu of cancelling debt as both would probably carry a cost to taxpayers, just wondering what people would prefer.
I think this is a good faith post. It largely is pointless though because Biden isn't going to do anything.
 

the bossman

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Threads on this topic are pointless. This thread always plays out the same way. Of course most people are going to be excited that he may pay off or assist on some level with schools loans because it affects them (in most of the cases). I wouldn't be entirely against money being applied towards loans but there are consequences that are predominantly going to affect the average individual and not billionaires as other have suggested. More money in the system does drive up prices but I think most would be fine with that if they didn't have school loans payments now but how much it drives up prices does remains to be seen. I also understand the argument of those who did pay their loans off and not because of higher paying jobs but sacrifices in spend. I wonder how this thread would go if Biden was focused on the future of college affordability in lieu of cancelling debt as both would probably carry a cost to taxpayers, just wondering what people would prefer.
Canceling student loan debt is a greatly needed fix right now but still a short term fix.

Because future generations will still be in the same predicament that current degree debtors are in now if these crazy high rising tuition costs never get addressed
 

Skooby

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There are Engineers and IT workers still paying student loans in this thread, jackass.
:aicmon:
Each circumstance is different.

Are they willing to relocate?
Are they willing to live overseas?
Would they take an entry-level position?
 

Dipsey Doo

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Threads on this topic are pointless. This thread always plays out the same way. Of course most people are going to be excited that he may pay off or assist on some level with schools loans because it affects them (in most of the cases). I wouldn't be entirely against money being applied towards loans but there are consequences that are predominantly going to affect the average individual and not billionaires as other have suggested. More money in the system does drive up prices but I think most would be fine with that if they didn't have school loans payments now but how much it drives up prices does remains to be seen. I also understand the argument of those who did pay their loans off and not because of higher paying jobs but sacrifices in spend. I wonder how this thread would go if Biden was focused on the future of college affordability in lieu of cancelling debt as both would probably carry a cost to taxpayers, just wondering what people would prefer.

If Biden was serious about this issue, he would get the government out the student loan business.... That's step one

Federal government is basically subsidizing higher education. Has it let to better outcomes for students? Questionable. I know that college admins are eating high off the hog right now with guaranteed tuition. Government doesn't seem to care that these schools charge outrageous prices to attend.
 

Wild self

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Each circumstance is different.

Are they willing to relocate?
Are they willing to live overseas?
Would they take an entry-level position?

Listen to what youre saying.

Move overseas because you cannot eat with a STEM degree domestically? :what: deregulation is WORSE overseas with extremely low pay.

If You live in a semi-desirable area where an actual functionable economy exists, with a STEM degree, you should live comfortably. If not, the wealth gap is so great that you turn America into a 3rd world Banana Republic.

The problem is, conservatives like you are just vultures to labor.
 

Geek Nasty

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If Biden was serious about this issue, he would get the government out the student loan business.... That's step one

Federal government is basically subsidizing higher education. Has it let to better outcomes for students? Questionable. I know that college admins are eating high off the hog right now with guaranteed tuition. Government doesn't seem to care that these schools charge outrageous prices to attend.

The problem isn't government aid, its that there aren't associated price controls for universities accepting student loans. So schools just keep jacking up tuition and fees.

And NONE of the rising costs have anything to do directly with your education. Its all the brochure bait luxury items like $100 million rec centers and on-campus museums.

EDIT. If theres a student loan bailout you can be universities will jack up prices again to get their cut.
 
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