Student Loans shouldn't be forgiven. We should focus on cost.

[OfTheCross]

They better forgive them

How I look paying those things back.

you borrowed it breh

 

[Red Shield]

Funny how we’re so concerned about the cost of stuff when it comes to actually helping people. Corporations and military get blank checks tho and 1% get trillions in tax cuts

you suprised

 

[DEAD7]

We obviously need both, but more importantly we also need to focus on K-12 education.... it’s obvious we are heading to a more E.U style education system and without additional recourses to k-12, I’m afraid a whole segment of the population will be left behind.

This.
If we arent discussing k-12 we arent serious about education reform in my opinion

 

[DEAD7]

this proposal should be accompanied by letting people claim a big tax credit if they arent getting loan forgiveness, or something that also appeals to the majority of the country who loan forgiveness doesnt benefit

This.
Something like 30% of Americans go to college iirc
There should be something attached to it for the majority that silences the opposition.

 

[AquaCityBoy]

Sounds like some of you are trying to 'All Lives Matter' the student debt crisis.

 

[DEAD7]

Funny how we’re so concerned about the cost of stuff when it comes to actually helping people. Corporations and military get blank checks tho and 1% get trillions in tax cuts

Mandatory spending and discretionary spending are apples and oranges...



... but i dont think progressives get that and/or care.

 

[DEAD7]

Sounds like some of you are trying to 'All Lives Matter' the student debt crisis.

All tax payers matter.

 

[88m3]

Sounds like some of you are trying to 'All Lives Matter' the student debt crisis.

op is a bernie bro libertarian

 

[Starski]

Sounds like some of you are trying to 'All Lives Matter' the student debt crisis.

Nah not even - but if you study the bailouts of 08 & even some of the ones this year with airlines they all come with stipulations that make sure the shyt doesn’t happen again.

Student debt should be cancelled. (Absolute or incremental )
Some how we need to attack tuitions costs
And our k-12 needs to be addressed also


If the policy/legislation ect doesn’t attack these three points together we just putting a small ass band aid on a huge problem.

 

[dora_da_destroyer]

I was just talking about this with a co-worker before we left for the day...

the biggest benefit (and only one they mentioned) was that it was going to stimulate the economy.

Well, we get more bang for our buck as a nation by using the $1.5T in a different type of direct stimulus.

i'm not sure why this one thing has so many people's panties in a bunch. there are literally hundreds of other programs and credits for specialized groups, many providing economic help or relief, now all of a suddenly we need to see is something else stimulates the economy? um no, this is just one facet of a stimulus

 

[Rawtid]

How many of y’all who either don’t owe student loans or make too much money to have loans forgiven think 1.5 trillion spent on loan forgiveness is a better idea then spending that same 1.5 trillion on giving money to people based on their income? I’m just curious

if you make less than 125k and owe student loans then I’m not curious

From my understanding it’s not technically new money being spent though because the Feds own the loans, right?

It’s like if your dad charges $500 worth of something on his credit card for you, pays the balance in full and you pay him. If he decides to let you go for $300 (forgive $200), he may be out a small amount, but the bill was paid. It’s not like these loan payments or lack thereof are stopping the government from functioning.

 

[Rawtid]

Medical debt doesn't ever go away. If you decide to avoid paying it, it cripples your credit.

Yes the hell it does!!! You can settle your medical debt or have it discharged via bankruptcy. Student loans are for life!!!

 

[analog]

Would this be a one time action where all debt on the books currently gets wiped, or would it be accompanied by free, or significantly reduced tuition going forward?

If not, what happens in the future when another generation is stuck with the same debt?

I don't know the cost of the top, but I'd imagine free college going forward would be cheaper, have more support from people, and may actually free up a lot of money being squirreled away by parents for their kids future to be spent elsewhere, a spurring economic activity.

 

[IrateMastermind]

Student Loan Forgiveness Is a Regressive Policy That Hurts Americans

Moreover, as Cooper explains, 210 million adult Americans do not have federal student loan debt, compared to the 45 million who do. Student loan forgiveness demands that those 210 million Americans take on the debt of those 45 million borrowers.

For those individuals who avoided debt—either by working their way through college, going to community college for two years before attending a four-year college to reduce costs, living at home, serving in the armed forces to later benefit from the GI Bill, working hard in high school to receive merit-based aid, or by eschewing college altogether—blanket student loan forgiveness is simply unfair.

people really think like this?
I’ve all but paid off my student loans by working and making extra payments on them and idgaf if loan forgiveness is passed the day after I make my last payment. Sometimes you win. Sometimes you lose. It’s a fact of life. Fairness is a fairytale.

 

[Starman]

Yes the hell it does!!! You can settle your medical debt or have it discharged via bankruptcy. Student loans are for life!!!

Student loans need to go back to being able to be remedied via bankruptcy.