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][quote=Anonymous]This is just SUCH a slap in the face to those of us who already paid off our loans.

Do they plan to do this annually? What about the kids who haven’t gone to college yet?[/quote]

This. So if you budget and dutifully pay off your loans, you're screwed. I paid mine off a few years ago becuase I was super aggressive about it. If only I'd Paid just the minimum payment and left $10K on the table, I could've put that money in my pocket. What absolute BS. [/quote]

Is this a joke?

I still have loans and don't even qualify for forgiveness (consolidated way back when so they are no longer held by the federal government). But I'd MUCH rather have had the money to pay them off faster than get the 10k now (again, I don't even get the 10k so I'm not even defending this program).

I can't imagine being debt free and then getting upset about other people also getting rid of their debt. I'm happy for you that your loans are paid off. I just made an extra principal payment on my loans to hopefully get them down further. I'm happy for the people getting the 10k forgiven. Student debt sucks. It weighs me down and makes life harder. Why on earth would you be bitter about this?[/quote]

You need to get your arms around this: the debt is not forgiven, instead some else has to pay for it. Say this three times.   That’s why people are understandably pissed.

https://www.cnbc.com/2022/08/24/bidens-student-loan-forgiveness-may-cost-taxpayers-prompt-inflation.html 
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