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Cancelling student loan debt seems like an incredibly unfair policy (re: warren)
Posted on 6/17/19 at 10:27 am
Posted on 6/17/19 at 10:27 am
It’s a slap in the face to people who just finished off paying their loans off, or are halfway or so
It’s also unfair because.....nobody forced college students to take on so much debt in the first place. We live in a country where you are expected to pay back what was lent to you. It is your own fault if you get a degree in something that will not provide you an income that can sufficiently supply funds to pay down your debt while still providing you a solid standard of living.
Should businesses be forced to accommodate customers who didn’t read the print before they signed?
It’s also unfair because.....nobody forced college students to take on so much debt in the first place. We live in a country where you are expected to pay back what was lent to you. It is your own fault if you get a degree in something that will not provide you an income that can sufficiently supply funds to pay down your debt while still providing you a solid standard of living.
Should businesses be forced to accommodate customers who didn’t read the print before they signed?
Posted on 6/17/19 at 10:29 am to HailHailtoMichigan!
also unfair to those who worked their asses off and paid for it the hard way vs those that get a free ride out of it.....
Posted on 6/17/19 at 10:29 am to HailHailtoMichigan!
Who said the scenario had to be fair? There are tons of people who receive benefits now that people in the past didn't.
And, why is it an assumption that all people incur debt for worthless degrees?
And, why is it an assumption that all people incur debt for worthless degrees?
Posted on 6/17/19 at 10:31 am to HailHailtoMichigan!
Will these forgiven loans be taxed as income? They should be.
Posted on 6/17/19 at 10:32 am to HailHailtoMichigan!
This is a main reason I don’t see cancelling student loans as a winning agenda for democrats. Everyone who payed for their students debts would then have to help pay off everyone else’s debt .
Posted on 6/17/19 at 10:34 am to HailHailtoMichigan!
The government needs to get out of the student loan business - the situation is not sustainable. Tuition at UL-Lafayette has shot up nearly three times what it was when I started back in 2011. Three fricking times. And that is with likely less professors and course offerings than back then. I can only imagine how bad it’s getting in other areas of the country.
This post was edited on 6/17/19 at 10:34 am
Posted on 6/17/19 at 10:35 am to HailHailtoMichigan!
It’s a bullshite way to reward those who received worthless degrees, live above their means, and just want the easy way out.
I’m 28, I still have $30k left on my loans, and a graduated with a History degree.
I in no way shape or form want anyone to pay for what I knowingly signed a contract for.
I want to sign up honestly to speak at the RNC convention or have someone like me speak at the convention because it deserves to be broadcasted to the masses.
I’m 28, I still have $30k left on my loans, and a graduated with a History degree.
I in no way shape or form want anyone to pay for what I knowingly signed a contract for.
I want to sign up honestly to speak at the RNC convention or have someone like me speak at the convention because it deserves to be broadcasted to the masses.
Posted on 6/17/19 at 10:35 am to HailHailtoMichigan!
(no message)
This post was edited on 9/26/20 at 12:09 am
Posted on 6/17/19 at 10:39 am to HailHailtoMichigan!
1) College Education is not a right.
2) If you're too dumb to know you have to pay these loans back - you should return your diploma.
3) What do you do to compensate the people that have done the responsible thing and paid their loans off?
2) If you're too dumb to know you have to pay these loans back - you should return your diploma.
3) What do you do to compensate the people that have done the responsible thing and paid their loans off?
Posted on 6/17/19 at 10:44 am to HailHailtoMichigan!
quote:
It’s a slap in the face to people who just finished off paying their loans off, or are halfway or so
Not only is it a slap in the face, they are actually being made to pay for their own loan debt, and that of slackers.
But, it's the party of free shite and they have to feed the beast.
Posted on 6/17/19 at 10:44 am to HailHailtoMichigan!
quote:
It’s also unfair because.....nobody forced college students to take on so much debt in the first place.
"Forced"... no, you are right.
But a lot of people have failed these kids, including:
1) Teachers and guidance counselors for pushing the canard that everyone HAS to go to college, and the "fancier" the college, the better
2) Parents, for not telling their kids "no" or at the very least, educating these kids about the lifelong impacts of their decisions
3) College administrators, who are all too willing to take anyone they can, just so they can fill a seat
4) All of the above, for not teaching kids enough financial literacy so they can understand how these loans work
5) Government, who by providing such easy loans, have caused prices to spiral out of control
Most 17 and 18 year olds don't understand any of this. This is not new... 17 and 18 year olds since time began have been incapable of making major decisions like this, and understanding their impact. It's just that now, the consequences of making the wrong decision are much larger.
No, we should not mass forgive student loans. But we need to change the system, and change how we treat these kids, to stop the next generation from entering this trap. And for the current group in the trap, we should find ways to help them. Maybe some sort of matching payments, maybe some sort of volunteer for loan payments, etc.
Posted on 6/17/19 at 10:47 am to HailHailtoMichigan!
Reducing Social Security is also a slap in the face to the younger generation. tit for tat.
Posted on 6/17/19 at 10:48 am to HailHailtoMichigan!
Talking about forgiving loans also encourages bad behavior by current and future students. Why pay for college when you can rack up debt and hope it gets paid off based on these proposals? Slow pay loans and hope to outlast the debt. If loan forgiveness doesn’t happen, those people will be stuck with massive debt that was encouraged by pandering politicians.
Posted on 6/17/19 at 10:56 am to HailHailtoMichigan!
quote:It also does jack shite to solve the problem.
Cancelling student loan debt seems like an incredibly unfair policy (re: warren)
In fact, it ENCOURAGES the problem.
The PROBLEM is that for some retarded reason, as a society as a whole, we have completely disconnected the concept of actual VALUE as it relates to degrees.
It's basically considered impolite to notice that not all degrees are created equally even within the same schools.
Posted on 6/17/19 at 11:01 am to HailHailtoMichigan!
We took out an SBA loan after Katrina. Balance is sitting at $25k. If this happens, I want my SBA loan forgiven as well!
Posted on 6/17/19 at 11:03 am to HailHailtoMichigan!
quote:
It’s a slap in the face to people who just finished off paying their loans off, or are halfway or so
Certainly. I wouldn't mind, if this were the case, that people who paid off their own loans got a significant benefit.
The Student Loan crisis should be on the backs of the boomers and not Gen X/early millenials.
quote:
It’s also unfair because.....nobody forced college students to take on so much debt in the first place.
quote:
It is your own fault if you get a degree in something that will not provide you an income that can sufficiently supply funds to pay down your debt while still providing you a solid standard of living.
But I'm actually going to disagree here. The overwhelming climate of our policies, of our business practices, of how we think about Higher Education from all sides, all but forces people into college. And we pepper college propaganda, still to this day, to where any normal kid probably can't even envision a future without college.
Business requiring degrees at unprecedented levels, even for entry level positions, is a BIG part of the problem. They are reducing HR spend, and basically making college, not their own processes, the filter for applicants. All while increasing the pool of applicants. The private sector has taken advantage of the point of college in a pretty bad way.
Parents, end up seeing colleges as the ultimate way out and the only way to create a living.....
And governments have used it as a money sink, creating administration bloat to "build special projects."
All the while, college SHOULD be about studying things that are intellectually valuable, this is NOT job training. The purpose of college being lost is EVERYONE's fault.
College is NOT about getting a job. And it never should have been.
This post was edited on 6/17/19 at 11:04 am
Posted on 6/17/19 at 11:05 am to HailHailtoMichigan!
quote:
nobody forced college students to take on so much debt in the first place
BUT BUT BUT EVERYBODY MUST GO TO COLLEGE TO BE SUCCESSFUL!!!1!!!!!1!1!
Posted on 6/17/19 at 11:09 am to HailHailtoMichigan!
Dont want kids to keeping getting unnecessary college degrees? Tell companies to stop requiring degrees to apply for jobs.
Posted on 6/17/19 at 11:09 am to HailHailtoMichigan!
quote:
Cancelling student loan debt seems like an incredibly unfair policy (re: warren)
What's funny, is that the second the government took over student loans (2009, 2010), is the second student loan debt started skyrocketing and college costs did too.
So now, we should let the government "fix it"? Please, any liberal explain why they give so much faith in these retarded politicians?
Posted on 6/17/19 at 11:12 am to HailHailtoMichigan!
My daughter’s dream college is Notre Dame. We can’t afford that in the best of situations. So she’s looking at something in our means.
Liberals would have her run up the bill as high as possible with no consideration of what she can afford, because the government will take care of it.
She has a chance of this strategy working, after all she’s female. My white sons however...
Liberals would have her run up the bill as high as possible with no consideration of what she can afford, because the government will take care of it.
She has a chance of this strategy working, after all she’s female. My white sons however...
This post was edited on 6/17/19 at 11:13 am
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