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Started By
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Cancel student debt for nearly everyone?
Posted on 1/14/20 at 10:21 pm
Posted on 1/14/20 at 10:21 pm
quote:
WASHINGTON (AP) — Presidential candidate Elizabeth Warren says she’d order her secretary of education to cancel up to $50,000 in college debt for about 95% of student borrowers on her first day in office, effectively erasing outstanding loans for about 42 million Americans.
marketwatch link
74
Posted on 1/14/20 at 10:21 pm to lsu xman
Neat
Posted on 1/14/20 at 10:21 pm to lsu xman
Seems unfair to the students who worked hard and paid off their loans.
Posted on 1/14/20 at 10:22 pm to lsu xman
(no message)
This post was edited on 1/11/21 at 1:49 am
Posted on 1/14/20 at 10:23 pm to Smeg
quote:
Seems unfair to the students who worked hard and paid off their loans.
Or to those who didn't need loans to pay for school.
Posted on 1/14/20 at 10:23 pm to lsu xman
You mean tax payers put the student debt on a credit card. They don’t just cancel it and say oh ok we don’t want to get paid back what we lent you.
Posted on 1/14/20 at 10:23 pm to lsu xman
I feel like for a party of people that preach about sustainability when it comes to the environment, sustainability of the economy means absolutely nothing to them.
This post was edited on 1/14/20 at 10:31 pm
Posted on 1/14/20 at 10:23 pm to lsu xman
As a Latino man I would like my reparations for being responsible and actually paying g back all of my student loan debt
Posted on 1/14/20 at 10:24 pm to efrad
quote:
This doesn't cancel any debt. This transfers responsibility from the person who agreed to the loan to others who did not agree to the loan.
Exactly
Posted on 1/14/20 at 10:24 pm to lsu xman
I had to join the national guard for mine. GTFOutta here
Posted on 1/14/20 at 10:24 pm to lsu xman
quote:
for about 95% of student borrowers
Sup with the 5 percent of people getting fricked
Posted on 1/14/20 at 10:27 pm to lsu xman
Why not just make the interest rates for student loans capped at 1-2%? Total forgiveness is dumb and I’m saying this knowing I would benefit greatly from the 50k forgiveness. I also wonder is that includes those people who refinanced or consolidated their loans through a private company.
Posted on 1/14/20 at 10:28 pm to efrad
quote:
This doesn't cancel any debt.
This transfers responsibility from the person who agreed to the loan to others who did not agree to the loan.
Promising free shite to the irresponsible/poors is how they get votes and why capitalistic countries turned socialist and eventually communist throughout history.
Posted on 1/14/20 at 10:29 pm to lsu xman
How the hell is this "equal protection under the law"?
Posted on 1/14/20 at 10:29 pm to DesignTiger
quote:
also wonder is that includes those people who refinanced or consolidated their loans through a private company.
Yeahhh I'm curious of this as well... but I refinanced much more than 50K,...... Im into year 3 of a 10 year repayment plan
Posted on 1/14/20 at 10:31 pm to BurningHeart
Moving it to a 2% interest rate seems like a better compromise.
Posted on 1/14/20 at 10:33 pm to lsu xman
I would expect a check for the roughly $15,000 that I paid off three years after graduating then.
Posted on 1/14/20 at 10:41 pm to lsu xman
quote:
Cancel student debt for nearly everyone?
I can support this if they make student loans illegal afterwards.
Otherwise, frick off with this cancel student loans crap.
Posted on 1/14/20 at 10:42 pm to lsu xman
Typical democrat buying votes. What about my house loan? frick it. Why even have money? Let’s make everything free.
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