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

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

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[quote=Anonymous][quote=Anonymous][quote=Anonymous]Put me down as someone who thinks this is fine even though (a) my parents saved to pay for my college without loans; (b) I helped pay off my wife's undergrad loans before we were married; and (c) we're saving money to pay for our kids to go to college without needing loans.

I sort of think if you didn't take out any loans yourself, you don't get a say in whether this is fair or unfair, anyway, since those of us without loans are quite lucky in ways that themselves aren't fair. But I don't have any problem with people getting benefits that I don't get.[/quote]

Same here. Also, when I went to school the "fees" (not even called tuition until later) were minimal.  Public undergrad was basically free besides books and lab fees. My grad school cost what a middling undergrad does now, and my grad school loans were at 2% interest. I paid them off in a few years.

College costs have skyrocketed relative to wages, and a lot of us who didn't take loans or paid them off quickly, came up in very different economic circumstances.[/quote]

Agreed. I just looked up tuition/fees/room & board for my college, an Ivy I graduated from about 25 years ago, and my first year, the total cost was $28,000. The same school now totals nearly $80,000 a year -- which is the equivalent of 2 1/2 years when I was there. (Inflation would make $28,000 then the equivalent of $55,000 now, but still.) Would be ludicrous for me to object to forgiving loans for anyone now.[/quote]

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