Reply to Sen. Chuck Schumer and Sen. Liz Warren just proposed forgiving $50,000 in student debt

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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]The problem with these ideas is it is just a band aid. [b]What needs to change is how much colleges are over charging students[/b].  Yet no one spends anytime lobbying for that.

And PP, I agree. Those that have paid off their loans should get equal treatment, but that is just not how we seem to be running things right now.[/quote]

Capitalism?[/quote]

Mostly it has to do with states providing less in support dollars.  Before 2000, college was cheaper.  Before 1990, even cheaper.  But just for the student.  The boomers got state tax cuts (years after they got their cheap college) and those tax cuts had to come from somewhere.

As an example, 1990 article but it applies to most states.
https://www.washingtonpost.com/archive/local/1990/03/29/cuts-in-state-funding-to-force-rise-in-va-college-tuitions/e680b786-2296-4447-982a-0c6a1a9ca686/[/quote]

TY! And for the PP whining about people with past loans also getting relief - I am one of those people with past loans. In fact, grew up blue collar and went to college in the 1980s when college aid offices thought NOTHING about loading loans on poor kids and providing grants for the middle class kids because they didn't want the latter to have debt when starting out as young adults. Mine and many friends' 1980s undergraduate debt - [i]adjusted for inflation[/i] - ranges from 30-75K dollars. I would love even a fraction of that, but I would not stand in the way of any person receiving assistance. Life is not fair - I would rather some folks receive some relief.[/quote]

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