Canceling $10k of student loan debt is stupid.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:I paid my loans back like a responsible adult. Everyone else can do the same.

So much ahole entitlement mentality these days. This country is going down the toilet.

First it is $10k. Then they'll demand $20k. Then it's $40k. When does it end? What does forgiveness actually do to control costs of college? 5 years from now when you have another generation of whiny ass borrowers, what's going to stop them from demanding another round of forgiveness?

It never ends. Why don't you forgive my mortgage while you are at it? People who didn't take out loans or who paid their back also deserve something.

You can sell your house to pay off your mortgage. The people most crippled by student debt are those who had to drop out for whatever reason. Maybe college shouldn't require decades of debt?

Where is accountability in that? I don't buy bold.

Where's the accountability in capitalism as a whole? The whole economy is based on the ability to fail and then start over. Why should there be a narrow carve out for the only debt that we expect to be take on by teens?

Oh, brother... It's always fault of others isn't it.

[Anonymous]

Agree. I’d support income based repayment/forgiveness over 20-30 years with a 10 year repayment/forgiveness for certain lower paying public service jobs.

[Anonymous]

I think they should just lower the interest.

[Anonymous]

Anonymous wrote:

Anonymous wrote:I paid my loans back like a responsible adult. Everyone else can do the same.

So much ahole entitlement mentality these days. This country is going down the toilet.

First it is $10k. Then they'll demand $20k. Then it's $40k. When does it end? What does forgiveness actually do to control costs of college? 5 years from now when you have another generation of whiny ass borrowers, what's going to stop them from demanding another round of forgiveness?

It never ends. Why don't you forgive my mortgage while you are at it? People who didn't take out loans or who paid their back also deserve something.

You can sell your house to pay off your mortgage. The people most crippled by student debt are those who had to drop out for whatever reason. Maybe college shouldn't require decades of debt?

Preaching to the choir.

Allow borrowers to discharge student loans in bankruptcy? Fine. I totally agree with allow it, because imposes risk on borrowers and lenders.

No forgiveness though. You made a choice. Be an adult instead of crybaby. Who held a gun to your head forcing you to take out a loan.

Using your logic, maybe taxpayers should forgive credit card debt for restaurant bills. Consumers cannot give back food they ate and racked up debt for.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:I paid my loans back like a responsible adult. Everyone else can do the same.

So much ahole entitlement mentality these days. This country is going down the toilet.

First it is $10k. Then they'll demand $20k. Then it's $40k. When does it end? What does forgiveness actually do to control costs of college? 5 years from now when you have another generation of whiny ass borrowers, what's going to stop them from demanding another round of forgiveness?

It never ends. Why don't you forgive my mortgage while you are at it? People who didn't take out loans or who paid their back also deserve something.

You can sell your house to pay off your mortgage. The people most crippled by student debt are those who had to drop out for whatever reason. Maybe college shouldn't require decades of debt?

Preaching to the choir.

Allow borrowers to discharge student loans in bankruptcy? Fine. I totally agree with allow it, because imposes risk on borrowers and lenders.

No forgiveness though. You made a choice. Be an adult instead of crybaby. Who held a gun to your head forcing you to take out a loan.

Using your logic, maybe taxpayers should forgive credit card debt for restaurant bills. Consumers cannot give back food they ate and racked up debt for.

The choice is presented as remaining in poverty or having a change to elevate yourself. We've spent years pitching education as a solution to a declining manufacturing base and now everyone is shocked that the message has resonated.

[Anonymous]

I like what the UK does with income driven repayment for a certain number of years. I'd love to make colleges underwrite the loans with their endowments. If the school provides a quality education, they'll get their money back. If not, they won't. That and any other actual solution is a pipe dream.

[Anonymous]

This debt forgiveness business has turned me into a one-issue voter. I will not vote for anyone who runs on a platform supporting and promising student loan forgiveness.

--reliable Democrat voter for the last 30 years

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:I paid my loans back like a responsible adult. Everyone else can do the same.

So much ahole entitlement mentality these days. This country is going down the toilet.

First it is $10k. Then they'll demand $20k. Then it's $40k. When does it end? What does forgiveness actually do to control costs of college? 5 years from now when you have another generation of whiny ass borrowers, what's going to stop them from demanding another round of forgiveness?

It never ends. Why don't you forgive my mortgage while you are at it? People who didn't take out loans or who paid their back also deserve something.

You can sell your house to pay off your mortgage. The people most crippled by student debt are those who had to drop out for whatever reason. Maybe college shouldn't require decades of debt?

Preaching to the choir.

Allow borrowers to discharge student loans in bankruptcy? Fine. I totally agree with allow it, because imposes risk on borrowers and lenders.

No forgiveness though. You made a choice. Be an adult instead of crybaby. Who held a gun to your head forcing you to take out a loan.

Using your logic, maybe taxpayers should forgive credit card debt for restaurant bills. Consumers cannot give back food they ate and racked up debt for.

The choice is presented as remaining in poverty or having a change to elevate yourself. We've spent years pitching education as a solution to a declining manufacturing base and now everyone is shocked that the message has resonated.

Oh my god, give me a break. You can learn a trade for free and earn a fantastic income....all debt free. Plenty of trades allow you to earn six figure incomes with decent overtime. The price contractors and trades people charge to do something like repairs in your home is shocking. They earn plenty of money. Go be an electrician or something. They make fantastic incomes.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:I paid my loans back like a responsible adult. Everyone else can do the same.

So much ahole entitlement mentality these days. This country is going down the toilet.

First it is $10k. Then they'll demand $20k. Then it's $40k. When does it end? What does forgiveness actually do to control costs of college? 5 years from now when you have another generation of whiny ass borrowers, what's going to stop them from demanding another round of forgiveness?

It never ends. Why don't you forgive my mortgage while you are at it? People who didn't take out loans or who paid their back also deserve something.

You can sell your house to pay off your mortgage. The people most crippled by student debt are those who had to drop out for whatever reason. Maybe college shouldn't require decades of debt?

Preaching to the choir.

Allow borrowers to discharge student loans in bankruptcy? Fine. I totally agree with allow it, because imposes risk on borrowers and lenders.

No forgiveness though. You made a choice. Be an adult instead of crybaby. Who held a gun to your head forcing you to take out a loan.

Using your logic, maybe taxpayers should forgive credit card debt for restaurant bills. Consumers cannot give back food they ate and racked up debt for.

It's amazing to have to point this out, but higher education benefits the entire economy and everyone in it. If college is too expensive, who do you expect to be your nurse, your child's teacher, your road engineer, your sanitation engineer? With housing and childcare being so expensive, good luck attracting qualified teachers to many areas if they have to pay $400/month for student loans on top of everything else.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:I paid my loans back like a responsible adult. Everyone else can do the same.

So much ahole entitlement mentality these days. This country is going down the toilet.

First it is $10k. Then they'll demand $20k. Then it's $40k. When does it end? What does forgiveness actually do to control costs of college? 5 years from now when you have another generation of whiny ass borrowers, what's going to stop them from demanding another round of forgiveness?

It never ends. Why don't you forgive my mortgage while you are at it? People who didn't take out loans or who paid their back also deserve something.

You can sell your house to pay off your mortgage. The people most crippled by student debt are those who had to drop out for whatever reason. Maybe college shouldn't require decades of debt?

Preaching to the choir.

Allow borrowers to discharge student loans in bankruptcy? Fine. I totally agree with allow it, because imposes risk on borrowers and lenders.

No forgiveness though. You made a choice. Be an adult instead of crybaby. Who held a gun to your head forcing you to take out a loan.

Using your logic, maybe taxpayers should forgive credit card debt for restaurant bills. Consumers cannot give back food they ate and racked up debt for.

The choice is presented as remaining in poverty or having a change to elevate yourself. We've spent years pitching education as a solution to a declining manufacturing base and now everyone is shocked that the message has resonated.

Oh my god, give me a break. You can learn a trade for free and earn a fantastic income....all debt free. Plenty of trades allow you to earn six figure incomes with decent overtime. The price contractors and trades people charge to do something like repairs in your home is shocking. They earn plenty of money. Go be an electrician or something. They make fantastic incomes.

So you think the world should be all plumbers, no teachers and nurses and police officers. Ok!

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Canceling any debt is stupid. You borrowed, you pay.

I agree, we should eliminate bankruptcy and bring back debtors prisons. Maybe airline executives would do a better job with that incentive. Or are you only talking about 18 year old kids being forced to make life altering decisions?

Any means any

The problem is that the current system requires poor people to pay back all their debt while wealthy people and corporations (who carry WAY more debt) are often able to escape debt via lawyers and other legal mechanisms designed to help them discharge debt for less than they owe.

Student debt is unique in that it can't be discharged in bankruptcy. It's also unsecured debt -- it's not like you can sell the underlying education to pay off your loans the way you can with a house. We need a policy solution to the problem of ballooning student debt because it impacts the economy very negatively. It keeps people from buying homes (or even moving out of their parents homes into rentals), it is impacting the birth rate, it limits the ability of people to open businesses or invest. We need a longterm solution to student debt, and that probably includes some amount of debt forgiveness for people who are already buried in debt, followed by rule changes to prevent people from ever getting this deep in debt to begin with.

-- Signed, someone who paid off 80k in student loans myself and does not oppose debt forgiveness for others because it's a smart policy decision and is not actually about personal fairness to me

Except it’s not a smart policy decision, it disproportionate benefits the wealthiest 30 percent of the population, doesn’t solve the underlying issues, and is a stimulus/inflationary.

I agree these loans should be restructured/have interest rate lowered. Time for supporters to stop waiting for the hand out and elect legislators who can get it done.

[Anonymous]

Anonymous wrote:This debt forgiveness business has turned me into a one-issue voter. I will not vote for anyone who runs on a platform supporting and promising student loan forgiveness.

--reliable Democrat voter for the last 30 years

Good for you 'reliable democrat' whose only issue is student debt

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:I paid my loans back like a responsible adult. Everyone else can do the same.

So much ahole entitlement mentality these days. This country is going down the toilet.

First it is $10k. Then they'll demand $20k. Then it's $40k. When does it end? What does forgiveness actually do to control costs of college? 5 years from now when you have another generation of whiny ass borrowers, what's going to stop them from demanding another round of forgiveness?

It never ends. Why don't you forgive my mortgage while you are at it? People who didn't take out loans or who paid their back also deserve something.

You can sell your house to pay off your mortgage. The people most crippled by student debt are those who had to drop out for whatever reason. Maybe college shouldn't require decades of debt?

Preaching to the choir.

Allow borrowers to discharge student loans in bankruptcy? Fine. I totally agree with allow it, because imposes risk on borrowers and lenders.

No forgiveness though. You made a choice. Be an adult instead of crybaby. Who held a gun to your head forcing you to take out a loan.

Using your logic, maybe taxpayers should forgive credit card debt for restaurant bills. Consumers cannot give back food they ate and racked up debt for.

The choice is presented as remaining in poverty or having a change to elevate yourself. We've spent years pitching education as a solution to a declining manufacturing base and now everyone is shocked that the message has resonated.

Oh my god, give me a break. You can learn a trade for free and earn a fantastic income....all debt free. Plenty of trades allow you to earn six figure incomes with decent overtime. The price contractors and trades people charge to do something like repairs in your home is shocking. They earn plenty of money. Go be an electrician or something. They make fantastic incomes.

So you think the world should be all plumbers, no teachers and nurses and police officers. Ok!

OMG, all those poor, poor nurses, doctors, and engineers who need student loan forgiveness while making six figure incomes!!!!

Here's the world's smallest violin playing for them: ____

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:I paid my loans back like a responsible adult. Everyone else can do the same.

So much ahole entitlement mentality these days. This country is going down the toilet.

First it is $10k. Then they'll demand $20k. Then it's $40k. When does it end? What does forgiveness actually do to control costs of college? 5 years from now when you have another generation of whiny ass borrowers, what's going to stop them from demanding another round of forgiveness?

It never ends. Why don't you forgive my mortgage while you are at it? People who didn't take out loans or who paid their back also deserve something.

You can sell your house to pay off your mortgage. The people most crippled by student debt are those who had to drop out for whatever reason. Maybe college shouldn't require decades of debt?

Preaching to the choir.

Allow borrowers to discharge student loans in bankruptcy? Fine. I totally agree with allow it, because imposes risk on borrowers and lenders.

No forgiveness though. You made a choice. Be an adult instead of crybaby. Who held a gun to your head forcing you to take out a loan.

Using your logic, maybe taxpayers should forgive credit card debt for restaurant bills. Consumers cannot give back food they ate and racked up debt for.

It's amazing to have to point this out, but higher education benefits the entire economy and everyone in it. If college is too expensive, who do you expect to be your nurse, your child's teacher, your road engineer, your sanitation engineer? With housing and childcare being so expensive, good luck attracting qualified teachers to many areas if they have to pay $400/month for student loans on top of everything else.

Teachers, police officers, and other public servants already have pathways for loan forgiveness, duh.

Giving out loan forgiveness to all of the other white collar, professional jobs you mention is patently absurd. Boo hoo, you have student loan debt and make well above the median income. Deal with it.

[Anonymous]

Anonymous wrote:

Anonymous wrote:I paid my loans back like a responsible adult. Everyone else can do the same.

So much ahole entitlement mentality these days. This country is going down the toilet.

First it is $10k. Then they'll demand $20k. Then it's $40k. When does it end? What does forgiveness actually do to control costs of college? 5 years from now when you have another generation of whiny ass borrowers, what's going to stop them from demanding another round of forgiveness?

It never ends. Why don't you forgive my mortgage while you are at it? People who didn't take out loans or who paid their back also deserve something.

You can sell your house to pay off your mortgage. The people most crippled by student debt are those who had to drop out for whatever reason. Maybe college shouldn't require decades of debt?

100% agree. College shouldn't be close to as expensive as it is. That said, many people make terrible decisions when choosing their (one or multiple) majors that can never earn enough to repay what they owe, as well as take out additional loans to live the high life while in school. They general public shouldn't be saddled with funding those bad decisions.