re: What’s even worse about forgiving 10k in student loans.

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Agreed. Amount forgiven should be much higher.

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You are Wrong buddy!

Those students knew, damn good and well, they had to repay these loans....it's called responsibility.

This is nothing more than a vote grab by the filthy progs!

And YOU will pay for it.

the worst part is this doesn't solve the fundamental problem that got us here. People are still borrowing huge amounts to pay for college. This bill is like cleaning up the mess without first fixing the leak.

The cost of a college education has steadily risen the past few decades. And there's a reason why: Government subsidies. Look at the chart below. The cost of goods/services that have risen the most are all subsidized by the government. This is basic economics. The Government is essentially a guaranteed buyer for healthcare and education. Which means the suppliers of these services will continue to raise prices as long as they know the government will keep paying for it. The free market is not at play here, and its what we desperately need.

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And who cares if someone flunked out. It still helps them

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I think the bigger gripe is why student loans? Why is the gov't forgiving debt of any sort? Also, it's understandably irritating to have paid off your loans and then see this.

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Agreed. Amount forgiven should be much higher.

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freeloader pos

I don’t understand why this doesn’t have to go through the House and Senate.

Stop sending kids to college, go to trade school and actually learn something useful to society.

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The Student Loan Interest Deduction cap should be drastically increased or removed all together and no phase outs.

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ALL OF THIS

Either let everyone utilize it or nobody.

We get penalized again here for making too much money to not be able to write the interest off . It’s all such bullshite

10,000 in forgiveness. Let’s call it $20/hr.

I’d demand 500 hours of community service out of everyone who gets forgiveness.

If you can make more than 10,000 with 500 hours of extra time, then I guess you don’t really need the forgiveness.

I pay all of my bills, thank you very much.

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I think the bigger gripe is why student loans? Why is the gov't forgiving debt of any sort? Also, it's understandably irritating to have paid off your loans and then see this.

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Look at all the good behavior the government penalizes and the bad behavior the government subsidizes.
Have a job? frick you, give us some of that.
Start a business? frick you, the Big Guy wants his cut, and we get to decide whom you hire and how you fire.
Buy a house? Good, you can pay for the local school for the kids you'll never have or that will never attend the school because we're busing in kids from neighborhoods their parents have utterly destroyed, making them unfit.

Oh... you don't want to work? Open up your purse and we'll dump in handfuls of cash, just remember when you vote to (D)o it correctly. Let us know if you have more kids so we can give you some more, since we know that more kids means you have to spend more on the new boyfriends so they don't leave.

Student loans seem like mostly people trying to do the right thing, although I'd support a case-by-case analysis. All the Marxist majors need not apply.