Why is Biden extending the student loan repayment pause?

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Is this going to be a trend? Every time an election comes up Democrats will dangle some kind of check or financial forgiveness in front of people effectively buying votes? I guarantee there will be some language along the lines of "we want to forgive x debt but we NEED you voters to vote for XYZ Democrat so we can get this through". I wonder if credit card debt forgiveness will be next. With the inflation everyone is racking it up.

We already have that (bankruptcy) for credit card debt.

Bankruptcy tarnishes your financial records and prevents you from taking out loans for a long time. I'm talking consequence free forgiveness.

There are assets that are protected from bankruptcy.

[Anonymous]

Anonymous wrote:

Anonymous wrote:I'm trying to figure out the root issue that this policy is trying to solve. I gather it is: The cost of higher education is increasingly unattainably high. That cost is either preventing people from getting that higher education or causing them to have limited earning power upon graduation.

The way to solve that is through forward looking policies that reduce the cost and/or provide more alternative pathways to financial stability that do not require higher education.

What I don't understand is how loan forgiveness actually solves the root problem. It does nothing to help anyone entering college or the workforce in the coming years, right?

Agree.


Also, nobody is willing to address the following:
-Why are universities increasingly forcing their students to live in their way-more-expensive-than-market-rate on-campus housing? Universities are increasingly creeping up the number of years they require students to live on-campus.
-Why do universities need so many administrators, deans and assistants?
-Why are non-athlete students subsidizing d2, d3, and non-revenue producing athletic teams?
-Why do universities need 2 pools, a rock climbing wall and multiple basketball courts, which often go unused for large portions of the year?
-Why do universities charge every student a nominal activity fee, which goes to the student government and at many schools adds up to $1M+?

That’s an odd take. Nobody is forcing people to go to college or to major in gender studies or some equally unemployable nonsense degree. Nobody is compelling an academically indifferent person to assume debt. Unmanageable student loan debt is a marker of an incompetent human…..that’s not something to be rewarded.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:I'm trying to figure out the root issue that this policy is trying to solve. I gather it is: The cost of higher education is increasingly unattainably high. That cost is either preventing people from getting that higher education or causing them to have limited earning power upon graduation.

The way to solve that is through forward looking policies that reduce the cost and/or provide more alternative pathways to financial stability that do not require higher education.

What I don't understand is how loan forgiveness actually solves the root problem. It does nothing to help anyone entering college or the workforce in the coming years, right?

Agree.


Also, nobody is willing to address the following:
-Why are universities increasingly forcing their students to live in their way-more-expensive-than-market-rate on-campus housing? Universities are increasingly creeping up the number of years they require students to live on-campus.
-Why do universities need so many administrators, deans and assistants?
-Why are non-athlete students subsidizing d2, d3, and non-revenue producing athletic teams?
-Why do universities need 2 pools, a rock climbing wall and multiple basketball courts, which often go unused for large portions of the year?
-Why do universities charge every student a nominal activity fee, which goes to the student government and at many schools adds up to $1M+?

That’s an odd take. Nobody is forcing people to go to college or to major in gender studies or some equally unemployable nonsense degree. Nobody is compelling an academically indifferent person to assume debt. Unmanageable student loan debt is a marker of an incompetent human…..that’s not something to be rewarded.

I am not in favor of loan forgiveness, but I still disagree with this take.

It is somewhat like saying that nobody forced anybody to pay astronomical prices to fill their car with gas. They had different choices. With skyrocketing housing costs, nobody forced anybody to sign a lease with unmanageable payments.

The government enacts policies all the time that regulate markets when they become problematic for the public as a whole.

My view though is that they should enact policies to fix the market, not simply retroactively erase debt.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:I'm trying to figure out the root issue that this policy is trying to solve. I gather it is: The cost of higher education is increasingly unattainably high. That cost is either preventing people from getting that higher education or causing them to have limited earning power upon graduation.

The way to solve that is through forward looking policies that reduce the cost and/or provide more alternative pathways to financial stability that do not require higher education.

What I don't understand is how loan forgiveness actually solves the root problem. It does nothing to help anyone entering college or the workforce in the coming years, right?

Agree.


Also, nobody is willing to address the following:
-Why are universities increasingly forcing their students to live in their way-more-expensive-than-market-rate on-campus housing? Universities are increasingly creeping up the number of years they require students to live on-campus.
-Why do universities need so many administrators, deans and assistants?
-Why are non-athlete students subsidizing d2, d3, and non-revenue producing athletic teams?
-Why do universities need 2 pools, a rock climbing wall and multiple basketball courts, which often go unused for large portions of the year?
-Why do universities charge every student a nominal activity fee, which goes to the student government and at many schools adds up to $1M+?

That’s an odd take. Nobody is forcing people to go to college or to major in gender studies or some equally unemployable nonsense degree. Nobody is compelling an academically indifferent person to assume debt. Unmanageable student loan debt is a marker of an incompetent human…..that’s not something to be rewarded.

Nobody said anything about “an unemployable degree.” Stop with the prosperity gospel nonsense, too. “Incompetent humans” deserve not to be destitute too.

Interesting that you completely ignored asking a set of well-thought out questions.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:I'm trying to figure out the root issue that this policy is trying to solve. I gather it is: The cost of higher education is increasingly unattainably high. That cost is either preventing people from getting that higher education or causing them to have limited earning power upon graduation.

The way to solve that is through forward looking policies that reduce the cost and/or provide more alternative pathways to financial stability that do not require higher education.

What I don't understand is how loan forgiveness actually solves the root problem. It does nothing to help anyone entering college or the workforce in the coming years, right?

Agree.


Also, nobody is willing to address the following:
-Why are universities increasingly forcing their students to live in their way-more-expensive-than-market-rate on-campus housing? Universities are increasingly creeping up the number of years they require students to live on-campus.
-Why do universities need so many administrators, deans and assistants?
-Why are non-athlete students subsidizing d2, d3, and non-revenue producing athletic teams?
-Why do universities need 2 pools, a rock climbing wall and multiple basketball courts, which often go unused for large portions of the year?
-Why do universities charge every student a nominal activity fee, which goes to the student government and at many schools adds up to $1M+?

That’s an odd take. Nobody is forcing people to go to college or to major in gender studies or some equally unemployable nonsense degree. Nobody is compelling an academically indifferent person to assume debt. Unmanageable student loan debt is a marker of an incompetent human…..that’s not something to be rewarded.

I am not in favor of loan forgiveness, but I still disagree with this take.

It is somewhat like saying that nobody forced anybody to pay astronomical prices to fill their car with gas. They had different choices. With skyrocketing housing costs, nobody forced anybody to sign a lease with unmanageable payments.

The government enacts policies all the time that regulate markets when they become problematic for the public as a whole.

My view though is that they should enact policies to fix the market, not simply retroactively erase debt.

They should immediately make college debt dischargeable through bankruptcy. If student loans are that burdensome for an individual the file for bankruptcy and endure the consequences of poor decisions and poor performance.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:I'm trying to figure out the root issue that this policy is trying to solve. I gather it is: The cost of higher education is increasingly unattainably high. That cost is either preventing people from getting that higher education or causing them to have limited earning power upon graduation.

The way to solve that is through forward looking policies that reduce the cost and/or provide more alternative pathways to financial stability that do not require higher education.

What I don't understand is how loan forgiveness actually solves the root problem. It does nothing to help anyone entering college or the workforce in the coming years, right?

Agree.


Also, nobody is willing to address the following:
-Why are universities increasingly forcing their students to live in their way-more-expensive-than-market-rate on-campus housing? Universities are increasingly creeping up the number of years they require students to live on-campus.
-Why do universities need so many administrators, deans and assistants?
-Why are non-athlete students subsidizing d2, d3, and non-revenue producing athletic teams?
-Why do universities need 2 pools, a rock climbing wall and multiple basketball courts, which often go unused for large portions of the year?
-Why do universities charge every student a nominal activity fee, which goes to the student government and at many schools adds up to $1M+?

That’s an odd take. Nobody is forcing people to go to college or to major in gender studies or some equally unemployable nonsense degree. Nobody is compelling an academically indifferent person to assume debt. Unmanageable student loan debt is a marker of an incompetent human…..that’s not something to be rewarded.

Please tell me exactly where the immediate post you’re replying to advocates student loans forgiveness. Thanks.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:I'm trying to figure out the root issue that this policy is trying to solve. I gather it is: The cost of higher education is increasingly unattainably high. That cost is either preventing people from getting that higher education or causing them to have limited earning power upon graduation.

The way to solve that is through forward looking policies that reduce the cost and/or provide more alternative pathways to financial stability that do not require higher education.

What I don't understand is how loan forgiveness actually solves the root problem. It does nothing to help anyone entering college or the workforce in the coming years, right?

Agree.


Also, nobody is willing to address the following:
-Why are universities increasingly forcing their students to live in their way-more-expensive-than-market-rate on-campus housing? Universities are increasingly creeping up the number of years they require students to live on-campus.
-Why do universities need so many administrators, deans and assistants?
-Why are non-athlete students subsidizing d2, d3, and non-revenue producing athletic teams?
-Why do universities need 2 pools, a rock climbing wall and multiple basketball courts, which often go unused for large portions of the year?
-Why do universities charge every student a nominal activity fee, which goes to the student government and at many schools adds up to $1M+?

That’s an odd take. Nobody is forcing people to go to college or to major in gender studies or some equally unemployable nonsense degree. Nobody is compelling an academically indifferent person to assume debt. Unmanageable student loan debt is a marker of an incompetent human…..that’s not something to be rewarded.

Yes, critical thinking is an odd take.

[Anonymous]

The US is not a meritocracy. If it were, a STEM major from a random university would get the same or better job opportunities than someone with a social science degree from an Ivy that they were admitted to as a legacy.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:I'm trying to figure out the root issue that this policy is trying to solve. I gather it is: The cost of higher education is increasingly unattainably high. That cost is either preventing people from getting that higher education or causing them to have limited earning power upon graduation.

The way to solve that is through forward looking policies that reduce the cost and/or provide more alternative pathways to financial stability that do not require higher education.

What I don't understand is how loan forgiveness actually solves the root problem. It does nothing to help anyone entering college or the workforce in the coming years, right?

Agree.


Also, nobody is willing to address the following:
-Why are universities increasingly forcing their students to live in their way-more-expensive-than-market-rate on-campus housing? Universities are increasingly creeping up the number of years they require students to live on-campus.
-Why do universities need so many administrators, deans and assistants?
-Why are non-athlete students subsidizing d2, d3, and non-revenue producing athletic teams?
-Why do universities need 2 pools, a rock climbing wall and multiple basketball courts, which often go unused for large portions of the year?
-Why do universities charge every student a nominal activity fee, which goes to the student government and at many schools adds up to $1M+?

That’s an odd take. Nobody is forcing people to go to college or to major in gender studies or some equally unemployable nonsense degree. Nobody is compelling an academically indifferent person to assume debt. Unmanageable student loan debt is a marker of an incompetent human…..that’s not something to be rewarded.

Please tell me exactly where the immediate post you’re replying to advocates student loans forgiveness. Thanks.

That’s another odd take. The precious post placed the blame solely on colleges which is absurd. Your reading comprehension skills are likewise absurd.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:I'm trying to figure out the root issue that this policy is trying to solve. I gather it is: The cost of higher education is increasingly unattainably high. That cost is either preventing people from getting that higher education or causing them to have limited earning power upon graduation.

The way to solve that is through forward looking policies that reduce the cost and/or provide more alternative pathways to financial stability that do not require higher education.

What I don't understand is how loan forgiveness actually solves the root problem. It does nothing to help anyone entering college or the workforce in the coming years, right?

Agree.


Also, nobody is willing to address the following:
-Why are universities increasingly forcing their students to live in their way-more-expensive-than-market-rate on-campus housing? Universities are increasingly creeping up the number of years they require students to live on-campus.
-Why do universities need so many administrators, deans and assistants?
-Why are non-athlete students subsidizing d2, d3, and non-revenue producing athletic teams?
-Why do universities need 2 pools, a rock climbing wall and multiple basketball courts, which often go unused for large portions of the year?
-Why do universities charge every student a nominal activity fee, which goes to the student government and at many schools adds up to $1M+?

That’s an odd take. Nobody is forcing people to go to college or to major in gender studies or some equally unemployable nonsense degree. Nobody is compelling an academically indifferent person to assume debt. Unmanageable student loan debt is a marker of an incompetent human…..that’s not something to be rewarded.

Please tell me exactly where the immediate post you’re replying to advocates student loans forgiveness. Thanks.

That’s another odd take. The precious post placed the blame solely on colleges which is absurd. Your reading comprehension skills are likewise absurd.

Well, a massive portion of the blame does fall on colleges. They set the prices, after all, based on their whims.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:I'm trying to figure out the root issue that this policy is trying to solve. I gather it is: The cost of higher education is increasingly unattainably high. That cost is either preventing people from getting that higher education or causing them to have limited earning power upon graduation.

The way to solve that is through forward looking policies that reduce the cost and/or provide more alternative pathways to financial stability that do not require higher education.

What I don't understand is how loan forgiveness actually solves the root problem. It does nothing to help anyone entering college or the workforce in the coming years, right?

Agree.


Also, nobody is willing to address the following:
-Why are universities increasingly forcing their students to live in their way-more-expensive-than-market-rate on-campus housing? Universities are increasingly creeping up the number of years they require students to live on-campus.
-Why do universities need so many administrators, deans and assistants?
-Why are non-athlete students subsidizing d2, d3, and non-revenue producing athletic teams?
-Why do universities need 2 pools, a rock climbing wall and multiple basketball courts, which often go unused for large portions of the year?
-Why do universities charge every student a nominal activity fee, which goes to the student government and at many schools adds up to $1M+?

That’s an odd take. Nobody is forcing people to go to college or to major in gender studies or some equally unemployable nonsense degree. Nobody is compelling an academically indifferent person to assume debt. Unmanageable student loan debt is a marker of an incompetent human…..that’s not something to be rewarded.

Please tell me exactly where the immediate post you’re replying to advocates student loans forgiveness. Thanks.

That’s another odd take. The precious post placed the blame solely on colleges which is absurd. Your reading comprehension skills are likewise absurd.

How is that in any way absurd??

[Anonymous]

Anonymous wrote:

Anonymous wrote:They should immediately make college debt dischargeable through bankruptcy. If student loans are that burdensome for an individual the file for bankruptcy and endure the consequences of poor decisions and poor performance.

^^This is the correct answer.

1. It removes the burden of debt but doesn't remove the burden of financial consequences.
2. It serves as a wake-up call to the banks and to the government.
3. It serves as a wake-up call to the universities.
4. Hopefully it starts a conversation about how we got to this place and how to fix it.
5. What would be other benefits of the system getting a much-needed, but intelligent and well-thought out overhaul?

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Those who never went to college and never had a federal student loan will wind up paying for those of higher socioeconomic status who did. No wonder the wealthy are going woke: many progressive policies benefit them rather than working saps.

I assure that my tax dollars are currently funding all sorts of rural initiatives that are not to my own benefit.

I promise you that if this country was all about benefits and initiatives being associated with those whose tax $ are funding it, a large portion of this country would go bankrupt.

I, for one, didn't appreciate a massive farm bailout that was created by Trump's idiotic tariff fight.

Support for our own country's agriculture is in the interest of anyone who eats food.

You mean corn and soy beans? This is what America grows and it’s largely used as cattle feed.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:I'm trying to figure out the root issue that this policy is trying to solve. I gather it is: The cost of higher education is increasingly unattainably high. That cost is either preventing people from getting that higher education or causing them to have limited earning power upon graduation.

The way to solve that is through forward looking policies that reduce the cost and/or provide more alternative pathways to financial stability that do not require higher education.

What I don't understand is how loan forgiveness actually solves the root problem. It does nothing to help anyone entering college or the workforce in the coming years, right?

Agree.


Also, nobody is willing to address the following:
-Why are universities increasingly forcing their students to live in their way-more-expensive-than-market-rate on-campus housing? Universities are increasingly creeping up the number of years they require students to live on-campus.
-Why do universities need so many administrators, deans and assistants?
-Why are non-athlete students subsidizing d2, d3, and non-revenue producing athletic teams?
-Why do universities need 2 pools, a rock climbing wall and multiple basketball courts, which often go unused for large portions of the year?
-Why do universities charge every student a nominal activity fee, which goes to the student government and at many schools adds up to $1M+?

That’s an odd take. Nobody is forcing people to go to college or to major in gender studies or some equally unemployable nonsense degree. Nobody is compelling an academically indifferent person to assume debt. Unmanageable student loan debt is a marker of an incompetent human…..that’s not something to be rewarded.

Thinking makes my head hurt

[Anonymous]

Anonymous wrote:The US is not a meritocracy. If it were, a STEM major from a random university would get the same or better job opportunities than someone with a social science degree from an Ivy that they were admitted to as a legacy.

Engineers coming out of college make more than social science majors.