I find amazing we have all this talk about forgiving the loans but none whatsoever about the Democrats' sacred cow: higher education.

There's no point forgiving loans if you don't reform the source of the problem: the high cost of higher education.

American higher education is incredibly bloated, incredibly inefficient, and stacked with too many programs and too many administrators all looking to cash in on the easily available loans. Somehow other countries manage to provide universities at a much lower cost, or even free, but these places are also much more bare bones compared to the US. Back to the basics.

The government should firmly cap the limit of student loans to a specific sum tied to the value of the degree. That would drive most master's programs underwater and bankrupt, to which I say good riddance. Most master's are not needed. It would, of course, directly hit a key Democratic target, which is why they don't talk about it at all, despite that any reform to student loans must include reform of the higher education funding model.

It’s hilarious all these Millennials who say stuff like “get used to it” and “it’s happening” as if by saying it forcefully enough will make it be so.

Anonymous wrote:

Anonymous wrote:I mean if they're going to be forgiving your student debt they better be prepared to retroactively reimburse everyone. While some of you where whooping it up having a fun college experience, some of us had our nose to the grindstone going to school and working to finance the tuition. You know? You make choices, now live with them.

Why would you think you are entitled to any reimbursement? Amazing how boomers come up with creative ways to grift. Sorry student loan forgiveness triggers some of you but you better get comfortable with it.

Sorry the idea of student loan forgiveness triggers independents to vote Republican en masse, but you better get comfortable with it.

After we pay off your student loans, do you expect the same will happen for my kids?

Anonymous wrote:

Anonymous wrote:I mean if they're going to be forgiving your student debt they better be prepared to retroactively reimburse everyone. While some of you where whooping it up having a fun college experience, some of us had our nose to the grindstone going to school and working to finance the tuition. You know? You make choices, now live with them.

Why would you think you are entitled to any reimbursement? Amazing how boomers come up with creative ways to grift. Sorry student loan forgiveness triggers some of you but you better get comfortable with it.

I’m a millennial and I paid off my student loans.

Anonymous wrote:

Anonymous wrote:I mean if they're going to be forgiving your student debt they better be prepared to retroactively reimburse everyone. While some of you where whooping it up having a fun college experience, some of us had our nose to the grindstone going to school and working to finance the tuition. You know? You make choices, now live with them.

Why would you think you are entitled to any reimbursement? Amazing how boomers come up with creative ways to grift. Sorry student loan forgiveness triggers some of you but you better get comfortable with it.

I wouldn’t go spending all that savings on a new Tesla just yet.

Anonymous wrote:I mean if they're going to be forgiving your student debt they better be prepared to retroactively reimburse everyone. While some of you where whooping it up having a fun college experience, some of us had our nose to the grindstone going to school and working to finance the tuition. You know? You make choices, now live with them.

Why would you think you are entitled to any reimbursement? Amazing how boomers come up with creative ways to grift. Sorry student loan forgiveness triggers some of you but you better get comfortable with it.

Anonymous wrote:I mean if they're going to be forgiving your student debt they better be prepared to retroactively reimburse everyone. While some of you where whooping it up having a fun college experience, some of us had our nose to the grindstone going to school and working to finance the tuition. You know? You make choices, now live with them.

Should plastic surgeons get their loans paid off? Should PhDs in Comp Sci who work at Google get loan forgiveness? What a terrible, regressive policy.

I don't think anyone - ANYONE should be able to borrow more than the cost of their state flagship school in debt. If you choose private, you need to be able to afford it.

I mean if they're going to be forgiving your student debt they better be prepared to retroactively reimburse everyone. While some of you where whooping it up having a fun college experience, some of us had our nose to the grindstone going to school and working to finance the tuition. You know? You make choices, now live with them.

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:I’ve been a Dem for 34 years. This loan forgiveness issue is what is starting to make me a one issue voter for the first time (like abortion for some). If a candidate says their goal is to forgive student loans, I’m voting for (and likely campaigning for) the other candidate.

You took on the loan. Pay it back.

That’s noble of you, and I respect that.

But for every one of “you” in your party, there are a hundred or more who want default+forgiveness for loans.

You’re fighting an Alamo.

nope. moderate dems will run as independents and split the dem vote and the GOP will win, win, win. Democrats, of which I am one, need to get on the same page.

You vastly overestimate how much independents care about a student loan pause. It's much more likely Millennial student loan debtors <40 yo either sit out the midterms or vote Republican if payments resume. Democrats have near zero political upside to resume student loan payments given the risks to the midterms. There are just too many student loan debtors now to be used as a solution to inflation or declining social responsibility, sorry!

Maybe. I'm an independent and the issue of student loan forgiveness irritates the heck out of me. I went to grad school part time at night and worked full time during the day to limit my student loan burden as much as possible.

Pay your debt.

Sounds like you reached the age to put Fox News on at 500 db. If Biden thought he would lose independents over this then he would start grinding debtors to dust with immediate repayment. Student loans are going to be in pause into next year

Inflation.

Mentality of thinking you can spend money you simply don’t have.

Mentality of thinking other people are responsible for your choices.

Everyone gets a car!!!! - Oprah. Ask Oprah, Elon, Jeff and Warren to hook you up. The rest of us paid for ourselves and have no interest in bailing you out.

I support the proposals. Cap tuition, cap the loans, cut the interest, and give people a reason to live for the future again. Offer extremely generous forgiveness options for in demand professions. A nation should be investing in its people because that is investing in its future, not profiting off misery and failed dreams.

I disagree, but I can understand your point of view on this. That said, how do you propose to pay for these loans. The government is already in massive debt, so there is no money available as of right now to pay interest and principal on student loans. What government services do you propose to cut and/or what methods do you plan to use to increase revenue?

Also, how do you propose to implement tuition caps? A limit on the amount of money that students can borrow for college? (I would actually agree with this one.) Laws limiting the tuition that public and private instutitions can charge? Something else?

Also, I will point out here that paying off student loans does not fulfill any standard definition of "investing in the future." The students in question have already been educated. Paying off their existing loans will not create any more educated people. Wouldn't it make more sense to subsidize education and/or work to reduce tuition for future students to make it easier for them to be educated instead?

Anonymous wrote:any cons in suspended student loans debt? ?

GDP will go way down if they are not suspended. For an example I am looking forward in going to a concert, and spending more and more money, I will be unable to do this if they are not suspended.

On the other hand, the old lady who depends on her retirement investments partially backed by the repayment of your student loans now will have less to live on. The money doesn't come from nowhere.

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:I’ve been a Dem for 34 years. This loan forgiveness issue is what is starting to make me a one issue voter for the first time (like abortion for some). If a candidate says their goal is to forgive student loans, I’m voting for (and likely campaigning for) the other candidate.

You took on the loan. Pay it back.

That’s noble of you, and I respect that.

But for every one of “you” in your party, there are a hundred or more who want default+forgiveness for loans.

You’re fighting an Alamo.

nope. moderate dems will run as independents and split the dem vote and the GOP will win, win, win. Democrats, of which I am one, need to get on the same page.

You vastly overestimate how much independents care about a student loan pause. It's much more likely Millennial student loan debtors <40 yo either sit out the midterms or vote Republican if payments resume. Democrats have near zero political upside to resume student loan payments given the risks to the midterms. There are just too many student loan debtors now to be used as a solution to inflation or declining social responsibility, sorry!

Maybe. I'm an independent and the issue of student loan forgiveness irritates the heck out of me. I went to grad school part time at night and worked full time during the day to limit my student loan burden as much as possible.

Pay your debt.

I worked all through school and had taken biglaw jobs that sucked the life out of me so I could pay the loans back. I took out a life insurance policy I could barely afford to make sure my mom would be covered in the event I died, because she co-signed the loans but could never hope to afford them. I scrubbed the terms and conditions to see if it had a suicide clause, because I seriously considered ending it all. The policy did have such a clause, which is probably the reason why I’m still alive.

Eventually I did pay those six figures loans off, and I finally felt like I had a future again. A family, a home, rewarding work. I’m 10 years behind my peers on building up wealth, but I’m past a million now. I’m saving diligently for my own kids so they have better choices than I did.

And guess what? I support the proposals. Cap tuition, cap the loans, cut the interest, and give people a reason to live for the future again. Offer extremely generous forgiveness options for in demand professions. A nation should be investing in its people because that is investing in its future, not profiting off misery and failed dreams.