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]No it isn’t. This is taking a major weight off the shoulders of the once poorest students who struggle the hardest to repay student debt. 90% of the recipients of this forgiveness make under $75k and most make much less than that.

Trumps tax cut went to the wealthiest. Covid PPE loans since forgiven went in most cases to higher income people. We are constantly giving taxpayers funds to the wealthy and for once we have given a little bit to the folks who are hard up and it’s a horror to only folks without empathy for people whose lives are very very different than their own.

The US government was well intended in creating the student loan system, but they incentivized colleges and universities and for profit schools to prey on young people with no real grasp of the long term consequences of the debt they were taking on nevermind the stupid required 30 minute information sessions presented by financial aid ‘counselors’ every year. What kids heard was their parents and pastors and teachers and coaches and adult mentors of every stripe telling them ‘student loans are good debt’ when the wages weren’t rising in keeping with tuition and thus student loan debt and the promises made to entice the debtors weren’t coming true after graduation.

Generations of Americans have been duped into the college lie and their lives made fodder for student loan lenders. It is long past time to bring some relief and reform is needed next. [/quote]

+1 million[/quote]

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