Reply to Anyone plan on not paying back student loans?

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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]There is a student loan forum on Reddit that I find informative at times for repayment strategies and news on covid stuff related to loans, but [b]the ethos on it is that degrees are “worthless[/b].”[/quote]Most are. [b]See Mr MBA on this[/b] thread.[/quote]

Also see Mr. I dont have a dog in this fight.  90% of the people commenting don't have a student loan. people that took these loans are real people, with real jobs and financial challenges.  We all have challenges but simply saying "you have the means to pay" or "you knew what you were getting into" is narrow minded.  9 out of every 10 dollars of stimulus money ever given was printed in the last 3 years.  The student loan "crisis" ( yes it is a crisis) should be addressed as a stimulus.  The gov't would get a huge chunk if not all the money back in other ways.  [b]Saddling loan payers with decades of payments is not the answer regardless of their ability to pay.[/b][/quote]

This is the framing that drives people nuts, and makes loan forgiveness less likely.  The implication here is that student loan payments were foisted on unsuspecting victims who couldn't avoid them, and had no choice but to accept them, and therefore need to be rescued from them.  That's simply not the case.

That said, I'm in favor of some type of forgiveness, if it is paired with systemic changed that address the "crisis."  Otherwise, we're just going to be having this debate again in 3 years.

And any blanket forgiveness should be limited to undergraduate degrees.  Under no circumstances should one dime be spent on forgiveness for graduate school loans.  [/quote]

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