What is going on with student loans?

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:There is no point in any forgiveness unless it's part of a broader solution to the cost of higher education. Forgiveness now just sets up the same problem in another decade

Agree that there needs to be a broader solution, but it's a bit hyperbolic to say "there's no point in any forgiveness" without it. The people who get their loans forgiven will benefit, especially those with low balances and low incomes (where a low balance is a burden). I do think it should be for people who have been in repayment for a certain amount of time and not just everyone who happens to be in repayment right now and then nobody else.

And entering freshman who face the same situation (actually worse thanks to educational inflation) get nothing. There hasn't even been a whisper about solving that end of the problem other than empty campaign rhetoric.

$10,000 of forgiveness is something Biden can do right now. He can't unilaterally commit to forgiving incoming freshmen's debt that they haven't even accrued yet. He probably won't even be president when they go into repayment. He can't forgive everyone's loans forever or stop inflation of college tuition. I do think his administration should come up with a plan to deal with that, but it doesn't mean he can't forgive $10,000 now. It's the responsibility of Congress to come up with a longer term solution.

The department of education as well as any grant issuing arm of the government can attempt to control costs through rule making. If you tied research grants to undergraduate affordability, schools would find a way to make it happen

Fair enough but that's a great example of something that would help future borrowers but not borrowers currently in repayment. So is your issue that you only want to help future borrowers?

DP it should be obvious that a systemic fix would be far more meaningful than some useless one-off loan forgiveness. Not sure why you’re having difficulty understanding that.

Wow you are pleasant. Sounds to me like you don't understand the need to help current borrowers that are struggling.

Why would I care? I have far more sympathy for people that are overextended on credit card debt or mortgage payments. Some imbecile who voluntarily levered up on student loans should be scorned, not helped.

I’m sure that you have enough scorn to go around.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Why this impending 10 k loan forgiveness arouses so much rage and jealousy in UMC white folks is a mystery.

For me - It arouses so much rage (not jealousy) because I fought my way through college and grad school. My spouse did the same. We didn't party - we worked multiple jobs. He opened a business. I worked my way up in a male dominated field. We paid off our loans early instead of drinking lattes and carrying a fancy purse.

We kept our employees fully paid through covid while pausing our own children's 529's to do so and other sacrifices, supported every random mandate that was put on small businesses over the past two years with almost no support from the govt, watched as money was handed out like water, and now have to see a bunch of entitled college grads get more free money. We didn't qualify for a single government program as a family because of our income. We never received the random checks that others got. The PPP loan for the business did not cover the costs incurred over the past 2.5 years.

And now we have inflation, crazy costs for food and no respite in sight because of ridiculous leaders and a generation that cannot take responsibility for their actions. I am tired of paying for others. Blame the rich all you want but we kept 30 families in their homes, with health insurance and fed during the height of covid and did everything right. We have gotten nothing. Nothing from the government. I am tired of it.

Grow up and pay your bills and start a savings account in case of a disaster or pandemic.

I’m sorry you are so angry.

This Brenda Bootstraps has a real bee in her bonnet. And her business has received nothing from the government? LOL.

DP you’re misreading public sentiment if you think debt forgiveness is a popular issue amongst voters……it’s not.

The responses this poster got shows such disdain for those that do hard work.

Not that many Americans went to college and a sizeable number who did do not have loans anymore. It's a wealth transfer to the few that will piss off the many.

https://www.census.gov/content/dam/Census/library/working-papers/2022/demo/sehsd-wp2022-09.pdf

We all pay for things we don’t benefit from. The middle class pays for plenty of things for those who aren’t college educated.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Why this impending 10 k loan forgiveness arouses so much rage and jealousy in UMC white folks is a mystery.

For me - It arouses so much rage (not jealousy) because I fought my way through college and grad school. My spouse did the same. We didn't party - we worked multiple jobs. He opened a business. I worked my way up in a male dominated field. We paid off our loans early instead of drinking lattes and carrying a fancy purse.

We kept our employees fully paid through covid while pausing our own children's 529's to do so and other sacrifices, supported every random mandate that was put on small businesses over the past two years with almost no support from the govt, watched as money was handed out like water, and now have to see a bunch of entitled college grads get more free money. We didn't qualify for a single government program as a family because of our income. We never received the random checks that others got. The PPP loan for the business did not cover the costs incurred over the past 2.5 years.

And now we have inflation, crazy costs for food and no respite in sight because of ridiculous leaders and a generation that cannot take responsibility for their actions. I am tired of paying for others. Blame the rich all you want but we kept 30 families in their homes, with health insurance and fed during the height of covid and did everything right. We have gotten nothing. Nothing from the government. I am tired of it.

Grow up and pay your bills and start a savings account in case of a disaster or pandemic.

I’m sorry you are so angry.

This Brenda Bootstraps has a real bee in her bonnet. And her business has received nothing from the government? LOL.

DP you’re misreading public sentiment if you think debt forgiveness is a popular issue amongst voters……it’s not.

The responses this poster got shows such disdain for those that do hard work.

Not that many Americans went to college and a sizeable number who did do not have loans anymore. It's a wealth transfer to the few that will piss off the many.

https://www.census.gov/content/dam/Census/library/working-papers/2022/demo/sehsd-wp2022-09.pdf

We all pay for things we don’t benefit from. The middle class pays for plenty of things for those who aren’t college educated.

Right, try running on that message in 2024.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:There is no point in any forgiveness unless it's part of a broader solution to the cost of higher education. Forgiveness now just sets up the same problem in another decade

Agree that there needs to be a broader solution, but it's a bit hyperbolic to say "there's no point in any forgiveness" without it. The people who get their loans forgiven will benefit, especially those with low balances and low incomes (where a low balance is a burden). I do think it should be for people who have been in repayment for a certain amount of time and not just everyone who happens to be in repayment right now and then nobody else.

And entering freshman who face the same situation (actually worse thanks to educational inflation) get nothing. There hasn't even been a whisper about solving that end of the problem other than empty campaign rhetoric.

$10,000 of forgiveness is something Biden can do right now. He can't unilaterally commit to forgiving incoming freshmen's debt that they haven't even accrued yet. He probably won't even be president when they go into repayment. He can't forgive everyone's loans forever or stop inflation of college tuition. I do think his administration should come up with a plan to deal with that, but it doesn't mean he can't forgive $10,000 now. It's the responsibility of Congress to come up with a longer term solution.

The department of education as well as any grant issuing arm of the government can attempt to control costs through rule making. If you tied research grants to undergraduate affordability, schools would find a way to make it happen

Fair enough but that's a great example of something that would help future borrowers but not borrowers currently in repayment. So is your issue that you only want to help future borrowers?

DP it should be obvious that a systemic fix would be far more meaningful than some useless one-off loan forgiveness. Not sure why you’re having difficulty understanding that.

Wow you are pleasant. Sounds to me like you don't understand the need to help current borrowers that are struggling.

The government isn’t your dad, there to bail you out from every dumb choice you make. You are accountable for your choices and your actions.

I hope that you would also hold large corporations and everyone who took CARES Act funds to your hardass standards. But you probably own stock in those, so you support that. Typical Republican.

I actually have a great deal of scorn for many of the people who took those funds. I’m actually a very dedicated democrat but that doesn’t mean I’m a sucker. Continuing to enable and encourage poor choices doesn’t actually help people.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:There is no point in any forgiveness unless it's part of a broader solution to the cost of higher education. Forgiveness now just sets up the same problem in another decade

Agree that there needs to be a broader solution, but it's a bit hyperbolic to say "there's no point in any forgiveness" without it. The people who get their loans forgiven will benefit, especially those with low balances and low incomes (where a low balance is a burden). I do think it should be for people who have been in repayment for a certain amount of time and not just everyone who happens to be in repayment right now and then nobody else.

And entering freshman who face the same situation (actually worse thanks to educational inflation) get nothing. There hasn't even been a whisper about solving that end of the problem other than empty campaign rhetoric.

$10,000 of forgiveness is something Biden can do right now. He can't unilaterally commit to forgiving incoming freshmen's debt that they haven't even accrued yet. He probably won't even be president when they go into repayment. He can't forgive everyone's loans forever or stop inflation of college tuition. I do think his administration should come up with a plan to deal with that, but it doesn't mean he can't forgive $10,000 now. It's the responsibility of Congress to come up with a longer term solution.

The department of education as well as any grant issuing arm of the government can attempt to control costs through rule making. If you tied research grants to undergraduate affordability, schools would find a way to make it happen

Fair enough but that's a great example of something that would help future borrowers but not borrowers currently in repayment. So is your issue that you only want to help future borrowers?

DP it should be obvious that a systemic fix would be far more meaningful than some useless one-off loan forgiveness. Not sure why you’re having difficulty understanding that.

Wow you are pleasant. Sounds to me like you don't understand the need to help current borrowers that are struggling.

The government isn’t your dad, there to bail you out from every dumb choice you make. You are accountable for your choices and your actions.

But my actual dad was a failure. I wasn’t born to someone wealthy and he only had an 8th grade education (got his GED in the Air Force during the Korean War). I didn’t pick my parents. Why should I suffer because they couldn’t get their sh*t together. Government should have a social safety net.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:There is no point in any forgiveness unless it's part of a broader solution to the cost of higher education. Forgiveness now just sets up the same problem in another decade

Agree that there needs to be a broader solution, but it's a bit hyperbolic to say "there's no point in any forgiveness" without it. The people who get their loans forgiven will benefit, especially those with low balances and low incomes (where a low balance is a burden). I do think it should be for people who have been in repayment for a certain amount of time and not just everyone who happens to be in repayment right now and then nobody else.

And entering freshman who face the same situation (actually worse thanks to educational inflation) get nothing. There hasn't even been a whisper about solving that end of the problem other than empty campaign rhetoric.

$10,000 of forgiveness is something Biden can do right now. He can't unilaterally commit to forgiving incoming freshmen's debt that they haven't even accrued yet. He probably won't even be president when they go into repayment. He can't forgive everyone's loans forever or stop inflation of college tuition. I do think his administration should come up with a plan to deal with that, but it doesn't mean he can't forgive $10,000 now. It's the responsibility of Congress to come up with a longer term solution.

The department of education as well as any grant issuing arm of the government can attempt to control costs through rule making. If you tied research grants to undergraduate affordability, schools would find a way to make it happen

Fair enough but that's a great example of something that would help future borrowers but not borrowers currently in repayment. So is your issue that you only want to help future borrowers?

DP it should be obvious that a systemic fix would be far more meaningful than some useless one-off loan forgiveness. Not sure why you’re having difficulty understanding that.

Wow you are pleasant. Sounds to me like you don't understand the need to help current borrowers that are struggling.

The government isn’t your dad, there to bail you out from every dumb choice you make. You are accountable for your choices and your actions.

I hope that you would also hold large corporations and everyone who took CARES Act funds to your hardass standards. But you probably own stock in those, so you support that. Typical Republican.

I actually have a great deal of scorn for many of the people who took those funds. I’m actually a very dedicated democrat but that doesn’t mean I’m a sucker. Continuing to enable and encourage poor choices doesn’t actually help people.

You seem to have a lot of “scorn.”

[Anonymous]

Anonymous wrote:There would be more people voting against democrats for cancelling debt than new voters voting for them for cancelling the debt.

They either need to give money to everyone for any debt they choose or make in state tuition free for state colleges.

+1000

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:There is no point in any forgiveness unless it's part of a broader solution to the cost of higher education. Forgiveness now just sets up the same problem in another decade

Agree that there needs to be a broader solution, but it's a bit hyperbolic to say "there's no point in any forgiveness" without it. The people who get their loans forgiven will benefit, especially those with low balances and low incomes (where a low balance is a burden). I do think it should be for people who have been in repayment for a certain amount of time and not just everyone who happens to be in repayment right now and then nobody else.

And entering freshman who face the same situation (actually worse thanks to educational inflation) get nothing. There hasn't even been a whisper about solving that end of the problem other than empty campaign rhetoric.

$10,000 of forgiveness is something Biden can do right now. He can't unilaterally commit to forgiving incoming freshmen's debt that they haven't even accrued yet. He probably won't even be president when they go into repayment. He can't forgive everyone's loans forever or stop inflation of college tuition. I do think his administration should come up with a plan to deal with that, but it doesn't mean he can't forgive $10,000 now. It's the responsibility of Congress to come up with a longer term solution.

The department of education as well as any grant issuing arm of the government can attempt to control costs through rule making. If you tied research grants to undergraduate affordability, schools would find a way to make it happen

Fair enough but that's a great example of something that would help future borrowers but not borrowers currently in repayment. So is your issue that you only want to help future borrowers?

DP it should be obvious that a systemic fix would be far more meaningful than some useless one-off loan forgiveness. Not sure why you’re having difficulty understanding that.

Wow you are pleasant. Sounds to me like you don't understand the need to help current borrowers that are struggling.

The government isn’t your dad, there to bail you out from every dumb choice you make. You are accountable for your choices and your actions.

I hope that you would also hold large corporations and everyone who took CARES Act funds to your hardass standards. But you probably own stock in those, so you support that. Typical Republican.

I actually have a great deal of scorn for many of the people who took those funds. I’m actually a very dedicated democrat but that doesn’t mean I’m a sucker. Continuing to enable and encourage poor choices doesn’t actually help people.

You seem to have a lot of “scorn.”

For whom should we have scorn other than people who take money from taxpayers that they don't need or deserve or people who just consume with no thought to the future and expect people who consistently made good choices and sacrifices to pay for it? I mean besides Alex Jones and Trump obviously. khloe kardashian took CARES money for godsake. That's scorn worthy.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:There is no point in any forgiveness unless it's part of a broader solution to the cost of higher education. Forgiveness now just sets up the same problem in another decade

Agree that there needs to be a broader solution, but it's a bit hyperbolic to say "there's no point in any forgiveness" without it. The people who get their loans forgiven will benefit, especially those with low balances and low incomes (where a low balance is a burden). I do think it should be for people who have been in repayment for a certain amount of time and not just everyone who happens to be in repayment right now and then nobody else.

And entering freshman who face the same situation (actually worse thanks to educational inflation) get nothing. There hasn't even been a whisper about solving that end of the problem other than empty campaign rhetoric.

$10,000 of forgiveness is something Biden can do right now. He can't unilaterally commit to forgiving incoming freshmen's debt that they haven't even accrued yet. He probably won't even be president when they go into repayment. He can't forgive everyone's loans forever or stop inflation of college tuition. I do think his administration should come up with a plan to deal with that, but it doesn't mean he can't forgive $10,000 now. It's the responsibility of Congress to come up with a longer term solution.

The department of education as well as any grant issuing arm of the government can attempt to control costs through rule making. If you tied research grants to undergraduate affordability, schools would find a way to make it happen

Fair enough but that's a great example of something that would help future borrowers but not borrowers currently in repayment. So is your issue that you only want to help future borrowers?

DP it should be obvious that a systemic fix would be far more meaningful than some useless one-off loan forgiveness. Not sure why you’re having difficulty understanding that.

Wow you are pleasant. Sounds to me like you don't understand the need to help current borrowers that are struggling.

Why would I care? I have far more sympathy for people that are overextended on credit card debt or mortgage payments. Some imbecile who voluntarily levered up on student loans should be scorned, not helped.

I’m sure that you have enough scorn to go around.

Sure, I have immense scorn for deadbeat losers that beg for government handouts.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:There is no point in any forgiveness unless it's part of a broader solution to the cost of higher education. Forgiveness now just sets up the same problem in another decade

Agree that there needs to be a broader solution, but it's a bit hyperbolic to say "there's no point in any forgiveness" without it. The people who get their loans forgiven will benefit, especially those with low balances and low incomes (where a low balance is a burden). I do think it should be for people who have been in repayment for a certain amount of time and not just everyone who happens to be in repayment right now and then nobody else.

And entering freshman who face the same situation (actually worse thanks to educational inflation) get nothing. There hasn't even been a whisper about solving that end of the problem other than empty campaign rhetoric.

$10,000 of forgiveness is something Biden can do right now. He can't unilaterally commit to forgiving incoming freshmen's debt that they haven't even accrued yet. He probably won't even be president when they go into repayment. He can't forgive everyone's loans forever or stop inflation of college tuition. I do think his administration should come up with a plan to deal with that, but it doesn't mean he can't forgive $10,000 now. It's the responsibility of Congress to come up with a longer term solution.

The department of education as well as any grant issuing arm of the government can attempt to control costs through rule making. If you tied research grants to undergraduate affordability, schools would find a way to make it happen

Fair enough but that's a great example of something that would help future borrowers but not borrowers currently in repayment. So is your issue that you only want to help future borrowers?

DP it should be obvious that a systemic fix would be far more meaningful than some useless one-off loan forgiveness. Not sure why you’re having difficulty understanding that.

Wow you are pleasant. Sounds to me like you don't understand the need to help current borrowers that are struggling.

Why would I care? I have far more sympathy for people that are overextended on credit card debt or mortgage payments. Some imbecile who voluntarily levered up on student loans should be scorned, not helped.

I’m sure that you have enough scorn to go around.

Sure, I have immense scorn for deadbeat losers that beg for government handouts.

You must really dislike farmers and oil drillers. And airlines. And banks.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:There is no point in any forgiveness unless it's part of a broader solution to the cost of higher education. Forgiveness now just sets up the same problem in another decade

Agree that there needs to be a broader solution, but it's a bit hyperbolic to say "there's no point in any forgiveness" without it. The people who get their loans forgiven will benefit, especially those with low balances and low incomes (where a low balance is a burden). I do think it should be for people who have been in repayment for a certain amount of time and not just everyone who happens to be in repayment right now and then nobody else.

And entering freshman who face the same situation (actually worse thanks to educational inflation) get nothing. There hasn't even been a whisper about solving that end of the problem other than empty campaign rhetoric.

$10,000 of forgiveness is something Biden can do right now. He can't unilaterally commit to forgiving incoming freshmen's debt that they haven't even accrued yet. He probably won't even be president when they go into repayment. He can't forgive everyone's loans forever or stop inflation of college tuition. I do think his administration should come up with a plan to deal with that, but it doesn't mean he can't forgive $10,000 now. It's the responsibility of Congress to come up with a longer term solution.

The department of education as well as any grant issuing arm of the government can attempt to control costs through rule making. If you tied research grants to undergraduate affordability, schools would find a way to make it happen

Fair enough but that's a great example of something that would help future borrowers but not borrowers currently in repayment. So is your issue that you only want to help future borrowers?

DP it should be obvious that a systemic fix would be far more meaningful than some useless one-off loan forgiveness. Not sure why you’re having difficulty understanding that.

Wow you are pleasant. Sounds to me like you don't understand the need to help current borrowers that are struggling.

Why would I care? I have far more sympathy for people that are overextended on credit card debt or mortgage payments. Some imbecile who voluntarily levered up on student loans should be scorned, not helped.

I’m sure that you have enough scorn to go around.

Sure, I have immense scorn for deadbeat losers that beg for government handouts.

You must really dislike farmers and oil drillers. And airlines. And banks.

And Scorn Lady probably has scorn for herself since I’m sure she happily took whatever COVID relief money she was entitled to.

[Anonymous]

Anonymous wrote:
Not that many Americans went to college and a sizeable number who did do not have loans anymore. It's a wealth transfer to the few that will piss off the many.

https://www.census.gov/content/dam/Census/library/working-papers/2022/demo/sehsd-wp2022-09.pdf

This is right wing disinfo. Over 75% of Americans under age 40 (gen y and z) have at least attempted some college. Using baby boomers and silent generation to make your deceptive point, when they could leave high school and walk into a $100K factory job (pay, benefits and pensions which no longer exist) is disgusting. They also grew up pre-Perkins loans, which provided college access to millions of Americans. I'd say shame of you but we both know you have no shame.

[Anonymous]

Anonymous wrote:

Anonymous wrote:
Not that many Americans went to college and a sizeable number who did do not have loans anymore. It's a wealth transfer to the few that will piss off the many.

https://www.census.gov/content/dam/Census/library/working-papers/2022/demo/sehsd-wp2022-09.pdf

This is right wing disinfo. Over 75% of Americans under age 40 (gen y and z) have at least attempted some college. Using baby boomers and silent generation to make your deceptive point, when they could leave high school and walk into a $100K factory job (pay, benefits and pensions which no longer exist) is disgusting. They also grew up pre-Perkins loans, which provided college access to millions of Americans. I'd say shame of you but we both know you have no shame.

+1

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:There is no point in any forgiveness unless it's part of a broader solution to the cost of higher education. Forgiveness now just sets up the same problem in another decade

Agree that there needs to be a broader solution, but it's a bit hyperbolic to say "there's no point in any forgiveness" without it. The people who get their loans forgiven will benefit, especially those with low balances and low incomes (where a low balance is a burden). I do think it should be for people who have been in repayment for a certain amount of time and not just everyone who happens to be in repayment right now and then nobody else.

And entering freshman who face the same situation (actually worse thanks to educational inflation) get nothing. There hasn't even been a whisper about solving that end of the problem other than empty campaign rhetoric.

$10,000 of forgiveness is something Biden can do right now. He can't unilaterally commit to forgiving incoming freshmen's debt that they haven't even accrued yet. He probably won't even be president when they go into repayment. He can't forgive everyone's loans forever or stop inflation of college tuition. I do think his administration should come up with a plan to deal with that, but it doesn't mean he can't forgive $10,000 now. It's the responsibility of Congress to come up with a longer term solution.

The department of education as well as any grant issuing arm of the government can attempt to control costs through rule making. If you tied research grants to undergraduate affordability, schools would find a way to make it happen

Fair enough but that's a great example of something that would help future borrowers but not borrowers currently in repayment. So is your issue that you only want to help future borrowers?

DP it should be obvious that a systemic fix would be far more meaningful than some useless one-off loan forgiveness. Not sure why you’re having difficulty understanding that.

Wow you are pleasant. Sounds to me like you don't understand the need to help current borrowers that are struggling.

The government isn’t your dad, there to bail you out from every dumb choice you make. You are accountable for your choices and your actions.

But my actual dad was a failure. I wasn’t born to someone wealthy and he only had an 8th grade education (got his GED in the Air Force during the Korean War). I didn’t pick my parents. Why should I suffer because they couldn’t get their sh*t together. Government should have a social safety net.

Life is unfair. Why should I pay for your stupidity? I worked my way through college and graduated with zero debt. You could have done the same but you chose to go into debt. Your problem, not mine.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:There is no point in any forgiveness unless it's part of a broader solution to the cost of higher education. Forgiveness now just sets up the same problem in another decade

Agree that there needs to be a broader solution, but it's a bit hyperbolic to say "there's no point in any forgiveness" without it. The people who get their loans forgiven will benefit, especially those with low balances and low incomes (where a low balance is a burden). I do think it should be for people who have been in repayment for a certain amount of time and not just everyone who happens to be in repayment right now and then nobody else.

And entering freshman who face the same situation (actually worse thanks to educational inflation) get nothing. There hasn't even been a whisper about solving that end of the problem other than empty campaign rhetoric.

$10,000 of forgiveness is something Biden can do right now. He can't unilaterally commit to forgiving incoming freshmen's debt that they haven't even accrued yet. He probably won't even be president when they go into repayment. He can't forgive everyone's loans forever or stop inflation of college tuition. I do think his administration should come up with a plan to deal with that, but it doesn't mean he can't forgive $10,000 now. It's the responsibility of Congress to come up with a longer term solution.

The department of education as well as any grant issuing arm of the government can attempt to control costs through rule making. If you tied research grants to undergraduate affordability, schools would find a way to make it happen

Fair enough but that's a great example of something that would help future borrowers but not borrowers currently in repayment. So is your issue that you only want to help future borrowers?

DP it should be obvious that a systemic fix would be far more meaningful than some useless one-off loan forgiveness. Not sure why you’re having difficulty understanding that.

Wow you are pleasant. Sounds to me like you don't understand the need to help current borrowers that are struggling.

The government isn’t your dad, there to bail you out from every dumb choice you make. You are accountable for your choices and your actions.

But my actual dad was a failure. I wasn’t born to someone wealthy and he only had an 8th grade education (got his GED in the Air Force during the Korean War). I didn’t pick my parents. Why should I suffer because they couldn’t get their sh*t together. Government should have a social safety net.

Life is unfair. Why should I pay for your stupidity? I worked my way through college and graduated with zero debt. You could have done the same but you chose to go into debt. Your problem, not mine.

OK grandpa. That's not actually possible now