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

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[quote=Anonymous][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]

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

Because the ballooning of federal student loans was a product of ill-guided federal policy (under both Dems and Republicans), student loan debt is hindering US economic growth, and college graduates are a benefit to an industrial/post-industrial society not just a private benefit.  Also, student loans are the product of the divesting of support from state governments for public education that prior generations benefitted from.  Think of it as a scholarship for completing college rather than a forgiveness of loan.  I don't have student loans--but it was federal and state policies that created the student loan mess and I'm all for having them help clean it up.  It will benefit everyone--student loan holders and not. [/quote]

A student loan that a person can't afford to pay off themselves is by definition something that does not even benefit the person holding the debt to a sufficient degree, much less others. [/quote]

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