Student loan forgiveness has made me even more distant from my father

Anonymous
Anonymous wrote:
Anonymous wrote:
Anonymous wrote:
Anonymous wrote:From a political perspective, the loan forgiveness issue presents a minefield for the GOP. Many reputable and non-partisan economists forecast a serious recession in FY23 second and third quarters, resulting in serious layoffs, especially younger and less experienced workers, the demographic most likely to hold student loans. As realized in the recent midterms, young people vote. The GOP House hard line against no student loan forgiveness will damage them politically.

To a great extent President Biden has effectively reduced federally subsidized student loan balances through Department of Education regulatory capture. True, the President lacks authority to simply forgive the debt, yet he has the authority through the DOE to restructure the repayment formulas to minimize the repayment, basing repayment on earnings rather than debt amount and establishing a short repayment time requirement.


Actually it's not a partisan issue. I am not a Trumper or even a moderate, but I am against the student loan forgiveness, as are 76% of people of both party affiliations. NOTHING IS FREE. Why should I have paid all my loans off and you didn't? Sorry, there is no way you can cherry pick this issue.


+1 I worked full time during college, lived at home, went to a cheap school. All so I would not graduate with loans. It kind of sucks that irresponsible people now get their loans forgiven. And my kids will be paying for these peoples loans for generations to come.


How exactly will your kids be paying for generations to come?
Your taxes don't pay student loan forgiveness, so what exactly are you talking about?? 🤫

Oh, and that 76% figure was pulled from the pp's ignorant @ss.
There's no such figure to refer to. None. Zilch.


Seriously? Do you really think they can just forgive debt and no one has to pay for it? Maybe do some research.
Anonymous
Anonymous wrote:How is it fair that college-educated people are being subsidized by taxpayers who never went to college, chose a less expensive college, or who have already paid off their loans?


+1 Add in parents who sacrificed so our kids didn't have to get loans. Now we have to pay for other people's kids too?
Anonymous
Anonymous wrote:
Anonymous wrote:
Anonymous wrote:
Anonymous wrote:
Anonymous wrote:From a political perspective, the loan forgiveness issue presents a minefield for the GOP. Many reputable and non-partisan economists forecast a serious recession in FY23 second and third quarters, resulting in serious layoffs, especially younger and less experienced workers, the demographic most likely to hold student loans. As realized in the recent midterms, young people vote. The GOP House hard line against no student loan forgiveness will damage them politically.

To a great extent President Biden has effectively reduced federally subsidized student loan balances through Department of Education regulatory capture. True, the President lacks authority to simply forgive the debt, yet he has the authority through the DOE to restructure the repayment formulas to minimize the repayment, basing repayment on earnings rather than debt amount and establishing a short repayment time requirement.


Actually it's not a partisan issue. I am not a Trumper or even a moderate, but I am against the student loan forgiveness, as are 76% of people of both party affiliations. NOTHING IS FREE. Why should I have paid all my loans off and you didn't? Sorry, there is no way you can cherry pick this issue.


+1 I worked full time during college, lived at home, went to a cheap school. All so I would not graduate with loans. It kind of sucks that irresponsible people now get their loans forgiven. And my kids will be paying for these peoples loans for generations to come.


How exactly will your kids be paying for generations to come?
Your taxes don't pay student loan forgiveness, so what exactly are you talking about?? 🤫

Oh, and that 76% figure was pulled from the pp's ignorant @ss.
There's no such figure to refer to. None. Zilch.


Seriously? Do you really think they can just forgive debt and no one has to pay for it? Maybe do some research.


If there is one thing we've learned from PPP, loan forgiveness is for corporations and people rich enough to create corporations.
Anonymous
Anonymous wrote:
Anonymous wrote:
Anonymous wrote:
Anonymous wrote:It would be tough to feel a connection to almost ANYone who supports Trump, especially these days.

It wouldn’t matter who the person is, was, etc.

Any person who would support a person like Trump must have a character deficiency by some means.

Re: the student loan forgiveness plan - if it helps JUST ONE college graduate to not be weighed down w/outstanding debt then I am all for it.
My son got a Pell grant which paid for his community college for two years.
However when he transferred to a University for his Jr./Sr. years - he had to take out student loans.

He came from a low-income home, I was a working single mother who didn’t make enough to fund his entire college nor did he ever have any extended family who contributed to a college fund.
Anyway when he graduated w/his Bachelor of Science degree in 2014, he had tons of student debt outstanding.

He actually was homeless for about a year and a half (he would shower at the local 24 Hr Fitness where he had a membership) and he slept in his mini-van where he had an inflatable mattress.
No one knew he was doing this in order to pay his student loans back, but me.

If this student loan forgiveness plan can prevent any other people > not fortunate to come from UMC families, from having to sacrifice so much after graduation, then how can this be a bad thing??
Even my son, who now has a great career thanks to his post-HS education thinks the loan forgiveness program is a great idea.
He doesn’t understand how some people who had to struggle to pay their loans back think it is unfair that others do not have to pay their loans off.

It’s not like people are getting frivolous expenses covered ->> it is college tuition money!


It’s a sad thing if being saddled in financial debt is how people start off their lives after finishing college. No former students should have to deal with that. For kids that got their college paid for by their parents, they are at a huge advantage obviously.
But what about those who have no choice but to borrow funds in order to get a four year degree? Why should they be punished for coming from a not so privileged background? To receive any form of college funding is a huge blessing for them because let’s face it, it is rough getting a well paying job when you start off with not much.
The logic of “well I paid my loans back…..so they should too….!” doesn’t make sense in many ways since every person’s experience varies. To take a kid who comes from a poor background and attempts to carve out a tunnel out of poverty should be encouraged.

Many of these people want to succeed professionally. Why should anyone have beef with them receiving assistance with their student loans?? Wouldn’t it be more feasible to help them in that area than to later pay welfare and food stamps/medicaid/etc. because they cannot secure a good job later on to support their family?


And maybe, just maybe, people should not be going to college in the numbers they are today. By continuing to prop up needing a college degree for jobs that used to only require a high school diploma, we are doing people a huge disservice. For every person who will wax poetic about the brilliant lit class they took, there is someone who is simply trying to slug it through so they can get the degree to get the entry level job. Sending everyone to college isn’t making our society more literate or more creative, but it is driving loads of people to the poorhouse.


I think forgiving student debt in the long run will disproportionately affect kids from lower-income households by far.
Privileged kids or those talented or lucky enough to earn a full-ride scholarship will never need to worry about this issue.
But for the kids that came from impoverished families or similar situations may feel that a college degree is their only ticket out of poverty.
So if those people complete college how unfair would it be to have them start their professional lives already deep in the hole if we can alleviate it somehow?
If we can make it easier for someone to escape the cycle of poverty and have a lucrative career then everyone wins.

Yes, it would be wonderful if college degrees were not necessary building blocks to leading a prosperous life. But sadly this is reality and nothing will ever change this - sure there are some who still make it in spite of no college education but these people are far + few between.
Most families are already thinking of their child’s education even before they are born. This shows how vital a four year (or more!) degree is to succeed in life.

Every person should have the opportunity to have higher education after high school.
And if there is a way to make this easier then I cannot see or understand why or how anyone can be against this????


40 percent of people with a bachelors degree make minimum wage. Everyone doesn't need to go to college. It's money out for some.
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