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]I’m trying to applaud this but I just can’t. I have a business degree. I processed payroll at a big company during the day and worked as a waitress a few nights a week. I paid off my loans 2 years ago. Now I wish I had not bothered with the waitressing. [/quote]

So you would have rather stayed in debt? Maybe you should have given up on processing payroll and gone on welfare while you were at it.[/quote]

But that’s exactly the lesson of this bailout. Why hustle and even try to pay off my loans if the government will just eventually bail me out anyway? [/quote]

They're not paying off all of it--just $10K, which will still leave many students with a lot of debt.   And we've just had a once-in-a century pandemic that has hit a lot of families hard.  Keep in mind that of the $793 billion approved for 11.5 million loans for the PPP programs for small businesses (even most of it went to wealthy business owners, well-connected people), $742 billion was forgiven. But very few people complained when the government paid off loans to businesses  for some reason...[/quote]

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