You think that it didnt change from 2016? All those Midwest states now have majority blue House of Representatives and Democratic Governors. Those tax,cuts harmed,them, and farmers are pissed off at the floods and the trade deals gone bad.
Why Pay Off Your Student Loans if the Government Will Do It for You?
- Thread starter OfTheCross
- Start date
You think that it didnt change from 2016? All those Midwest states now have majority blue House of Representatives and Democratic Governors. Those tax,cuts harmed,them, and farmers are pissed off at the floods and the trade deals gone bad.
overall I have to disagree with the the erase the debt thing, sounds good on paper, I went to school twice both right after school and later on, assumed debt both times about 35k each time, first time cause I was young and dumb ended up defaulting and paying it back through garnishes etc. Second time was more purposeful, took me a few years but I got it paid off with sacrifice (check my get out of debit thread)what we need is better loan education
Pure Water
Veteran
All college debt borrowed by the federal government should be forgiven.
Public schools should be free (this will close some universities but so be it) and the standards for getting in them should be tougher
Emphasis should be placed on going to trade school or community college for k-12 students unless they know for sure they're a scholar or some shyt
Public schools should be free (this will close some universities but so be it) and the standards for getting in them should be tougher
Emphasis should be placed on going to trade school or community college for k-12 students unless they know for sure they're a scholar or some shyt
dora_da_destroyer
Master Baker
So your only argument is I paid mine off so no to debt cancellation for others...
what we need is better loan education
dora_da_destroyer
Master Baker
People need to wake up to who goes to college. College educated doesn’t mean anything about class. A lot of kids, especially kids of color, get suckered into loans for mediocre schools/degrees and work run of the mill jobs making 30-50k, that’s no different “class” than plumbers, construction workers, delivery drivers, etc who make 40-100k
So your only argument is I paid mine off so no to debt cancellation for others...
my argument is better education of how the loan process works and basic finances overall, even when I both of my debts it being forgiven wasn't something I was interested in
dora_da_destroyer
Master Baker
That’s nice, but it’s too late for those drowning in debt from the fallacy sold to them at 17/18, when they took on debt, to get an education, and thus a good job, yet the job market failed them
as I said I'm almost 38 now same fallacy was sold to me when I was 18. I was also sold the fallacy that I could afford a brand new car at 19. Defaulted on the student loan, had the car repossessed . Only thing I wish was to know what I know now and that's the basics of personal finances. Which by the time I went back to school at 26 I had now acquired, picked a different career made smarter choices, because of my previous mistakes had to get loans again but didn't drown in them. Don't get me wrong definitely not a hater and if it came down to a vote I would vote for it, if it came down to free college also but I still stand by that it won't get to the root of the current problem.
You disagree with it because it don't benefit you
what we need is better loan education
You disagree with it because it don't benefit you
no I disagree with it because it's not a long solution and is not addressing one of the root problems of it all, unless I've been misreading this whole time and the plan is to permanently remove all student loans forever
dora_da_destroyer
Master Baker
The permanent part of the solution is making public college free for all, therefore no one should have loans again unless they take them out to go to a private school - in which case they’re making the choice to turn down free public school.
OfTheCross
Veteran
Yes, a Progressive President Could Cancel Student Debt on Day One — by Following the Grassroots
Debt Collective’s approach to erasing student debt is based on using a Department of Education legal authority, under the 1965 Higher Education Act, to “compromise, waive or release” any claims it has against student debtors. A willing president could, without new legislation, immediately enact the cancellation of at least all public student debt.
While supposed pragmatists deem such plans as impractical and idealistic, progressive candidates are taking notice: This year, Warren became the first presidential hopeful to vow to use this exact executive authority to wipe away the majority of U.S. student debt.
Debt Collective’s approach to erasing student debt is based on using a Department of Education legal authority, under the 1965 Higher Education Act, to “compromise, waive or release” any claims it has against student debtors. A willing president could, without new legislation, immediately enact the cancellation of at least all public student debt.
While supposed pragmatists deem such plans as impractical and idealistic, progressive candidates are taking notice: This year, Warren became the first presidential hopeful to vow to use this exact executive authority to wipe away the majority of U.S. student debt.
You didn’t provide a single reason why it’s a bad idea.
what we need is better loan education
This is known though. The reason they’re talking about bills is to make up for the lost revenue when they’re not collecting interest and to buy up your private loans.