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

[Rawtid]

A lot of problems in America is the government continuously allows certain industries to fukk over citizens.

They allowed it, they need to fix it.

I don't care if I didn't go to college. They allowed that shyt to happen. They need to fix it.

Business moves so fast these days that it's impossible for the government to keep up, it seems.

That's fine (not really, but reality is reality). All I ask is that they fix their fukkin mistakes.

I want reparations for black folks too. Got cacs arguing "I'm not part of the 13%. And my family never owned slaves...and if they did, I didn't....so why should I have to pay?"



FIX YOUR shyt AMERICA.​

Quoted, bolded and underlined. This country is some bullshyt.

 

[OfTheCross]

Why can't we do both?​

I agree. I'd like the forgiveness part to be made in a progressive manner.

I'm not for a Flat Tax or regressive taxes.

 

[Gus Money]

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.

“The Daily Signal is a conservative American political media news website founded in June 2014. The publication focuses on politics, policy, and culture and offers political commentary from a conservative perspective.”



Of course conservatives oppose it, they’re against every policy that actually helps people.

 

[the cac mamba]

That doesn't make any goddamn sense.

why

 

[the cac mamba]

It's $10K not $50K.

As far as fairness goes, I don't see where that weighs into this equation. High earners and companies getting repeated tax cuts over the past 40 years could also be considered unfair. Still gets done.

This might benefit the economy just as much as any of those initiatives IMO.

the biden 10k should definitely happen. the schumer 50k seems like a long shot, but fukk schumer for talking about bidens executive order power like its his anyway. schumer didnt win the election

and as to the bolded, you will when they start seriously talking about it dont underestimate the resentment the republicans are gonna stir up over this

 

[the cac mamba]

I honestly don’t get how student loan debt forgiveness is different than anything else we pay for and don’t use personally. People without children don’t get dependent tax breaks or people without mortgages don’t get mortgage interest deductions. Lol but no one ever says “not my fault I didn’t have kids or buy a house”.

because half the reason people go to college is to party for 4 years

i'd rather wipe out medical debt first than student loan debt, why isnt that priority number one? no one asked to get sick, but we can't pretend that going to college and the college you chose to go to and knew how much it was gonna cost wasn't a conscious choice. and i DO support substantial relief of student debt, im not in here sayihg dont pay off any debt

i have my own beliefs on this, but i hope no one in here is surprised when there's massive blowback to this in america thats all im saying

 

[Rawtid]

because half the reason people go to college is to party for 4 years

i'd rather wipe out medical debt than student loan debt. no one asked to get sick, but we can't pretend that going to college and the college you chose to go to and knew how much it was gonna cost wasn't a conscious choice. and i DO want substantial relief of student debt

i have my own beliefs on this, but i hope no one in here is surprised when there's massive blowback to this in america thats all im saying

disagree. But at the end of the day, fukk America. The bulk of those loans are held by the feds anyway, so forgiving them shouldn’t be a big deal with all the money they squander. Make students loans “bankrupt-able” at least, like medical debt.

 

[OfTheCross]

“The Daily Signal is a conservative American political media news website founded in June 2014. The publication focuses on politics, policy, and culture and offers political commentary from a conservative perspective.”



Of course conservatives oppose it, they’re against every policy that actually helps people.

They have high journalistic standards and are transparent in their financing and reporting. I fw them, National Review, and a couple other conservative sites that aren't batshyt crazy.

You gotta get both sides of the coin, imo

 

[OfTheCross]

because half the reason people go to college is to party for 4 years

i'd rather wipe out medical debt first than student loan debt, why isnt that priority number one? no one asked to get sick, but we can't pretend that going to college and the college you chose to go to and knew how much it was gonna cost wasn't a conscious choice. and i DO support substantial relief of student debt, im not in here sayihg dont pay off any debt

i have my own beliefs on this, but i hope no one in here is surprised when there's massive blowback to this in america thats all im saying

Yes and no. Medical debt goes away after a while. The Student Loans are there forever, I thought.

 

[the cac mamba]

Yes and no. Medical debt goes away after a while. The Student Loans are there forever, I thought.

that's trash too, that student loans are the only ones that you cant discharge. they should be treated like any loan

 

[Shogun]

One of the metrics by which the government has chosen to judge public schools is college admissions.
We're literally coercing all students into a lifetime of debt...regardless of if they hate school or love it.
It's a scam that both the government and universities benefit from.

Funny that universities are seen as the breeding ground for socialism while also being the most ruthlessly capitalist institutions in America.
What other racket has enlisted the federal and state governments to do their bidding and put entire generations into a lifetime of debt, all while the product they offer is becoming simultaneously more expensive and more useless?

fukk em.

Disclaimer: I would like my student loans paid off

 

[Pressure]

People who went to school and did not incur debt have been benefiting for years.

 

[ogc163]

It is unfair, and so what, the demographics that have some degree of leverage in the political system want it, have been vocal about wanting it, and are using their leverage to get what they want. From a game theory perspective that is how the game is played, you acknowledge trade offs and focus on what you deem to be high priority. All the "what about this other type of debt, it's unfair, I paid off my debt" ish doesn't matter unless those who put forward that feel so strongly and vote based on that, in which case once again that's part of the game.

 

[Starski]

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.

 

[OfTheCross]

In this analysis, we show:

• Student debt cancellation will increase cash flow by only $90 billion per year, at a cost of $1.5 trillion.
• Student debt cancellation is poorly targeted to those most likely to spend, given that nearly three-quarters of repayments would come from the top 40 percent of earners.
• Forgiving the full $1.5 trillion in loans will likely boost economic output during the current downturn by between $115 and $360 billion, a multiplier of 0.08x to 0.23x.
• Partial loan forgiveness would cost less than total but also offer a smaller economic boost. We don’t expect a significant improvement in the multiplier.
• Simply extending the current executive action to defer loan repayments and cancel interest would achieve much of the economic benefit of loan cancellation at only a very small fraction of the cost.

There are a number of benefits and costs associated with cancelling student debt. But as a stimulus measure, its "bang for buck" is far lower than many alternatives under consideration or the COVID relief already enacted.

Canceling Student Loan Debt Is Poor Economic Stimulus





shyt might be a waste of money. Just give us the cash. We'll do with it what we please.