Reply to Canceling $10k of student loan debt is stupid.

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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]Canceling any new or old measly $10k of student loan debt is the dumbest idea.  What is the payment on that, a mere $100/month?

Instead, the struggling folks need help - the ones buried under 75k, 100k, 300k of debt for over 20 years who, because it's been 20 years, obviously they can't pay it!  And I mean 20 years since school completion, not 20 years of qualifying payments, huge difference.

my 2 cents 
[/quote]

For me, canceling $10k of my debt would have halved my monthly payment. I’m one of the teachers who got screwed over under the last administration. I was supposed to have my debt entirely forgiven. [/quote]

[b]Why is your student loan my responsibility to pay off?[/quote][/b]

I took out a loan as a College Freshman, then my bf told me I was "the one" but that he had, at the time $10k in student loans (in 1980- when you could buy a REALLY nice NEW car for $10k). I finished the semester, got a FT job (low paying) & went to college at night, so I didn't take any other loans, knowing 2 sets of loans would be a mortgage payment. Eventually when I  was finishing my degree & had to student teach, I changed to working nights & completed my degree. 
What about those who dropped out of college because they could not pay tuition & bills, and did not qualify for subsidized loans? 
If you do NOT want to PAY IT BACK- STOP taking loans!  [/quote]

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