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

Forum Index » Money and Finances

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

Subject:

Emoticons





More smilies

Text Color: Font: Close Marks

[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]

Bless your heart.  If I thought about it as a scholarship for finishing college, I would be wealthy. I finished a PhD with zero debt by working my A$$ off and I am not getting a scholarship for graduating college and grad school.  I understood the impact of taking out $100k worth of loans on my future, even at 18.  
Explain how it benefits me or my children?  I have been saving for their college since before they have been born, not hoping for loan forgiveness.  I have worked jobs I don't particularly liked, lived in a house that is less than dcum standards, and driven by many a starbucks to save a dollar so that they can have a college education.  Again, how is giving away 10k when there is no other clean up of the college cost mess included benefiting anyone but the people before them?  I don't understand the logic.[/quote]

Options

	Disable HTML in this message
	Disable BB Code in this message
	Disable smilies in this message

Review message

Search Recent Topics Hottest Topics