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lsu xman
Member since Oct 2006
13014 posts

Cancel student debt for nearly everyone?
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


Cosmo
Houston Astros Fan
glassman's guest house
Member since Oct 2003
96630 posts

re: Cancel student debt for nearly everyone?
Neat


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273
Smeg
Member since Aug 2018
3232 posts
 Online 

re: Cancel student debt for nearly everyone?
Seems unfair to the students who worked hard and paid off their loans.


efrad
New Orleans Saints Fan
New Orleans
Member since Nov 2007
14180 posts
 Online 

re: Cancel student debt for nearly everyone?
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.


Ostrich
Oklahoma Fan
Washington, D.C
Member since Nov 2011
7539 posts

re: Cancel student debt for nearly everyone?
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.


DavidTheGnome
Monroe
Member since Apr 2015
18426 posts
 Online 

re: Cancel student debt for nearly everyone?
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.


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404
Ross
Auburn Fan
Huntsville, AL
Member since Oct 2007
40325 posts
 Online 

re: Cancel student debt for nearly everyone?
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 at 10:31 pm


Bottom9
LSU Fan
ride and die with Coach Wade
Member since Jul 2010
10896 posts

re: Cancel student debt for nearly everyone?
As a Latino man I would like my reparations for being responsible and actually paying g back all of my student loan debt


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793
DavidTheGnome
Monroe
Member since Apr 2015
18426 posts
 Online 

re: Cancel student debt for nearly everyone?
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


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314
WaydownSouth
LSU Fan
West of the Mississippi
Member since Nov 2018
2966 posts

re: Cancel student debt for nearly everyone?
Guess I’ll be voting dem


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jamiegla1
Member since Aug 2016
615 posts
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re: Cancel student debt for nearly everyone?
I had to join the national guard for mine. GTFOutta here


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607
GregMaddux
Atlanta Braves Fan
LSU Fan
Member since Jun 2011
16164 posts

re: Cancel student debt for nearly everyone?
quote:

for about 95% of student borrowers


Sup with the 5 percent of people getting fricked


DesignTiger
Auburn Fan
Lawrenceville, Georgia
Member since Jun 2011
1384 posts

re: Cancel student debt for nearly everyone?
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.


BurningHeart
LSU Fan
Member since Jan 2017
8107 posts
 Online 

re: Cancel student debt for nearly everyone?
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.


Privateer 2007
UNO Fan
Member since Jan 2020
61 posts

re: Cancel student debt for nearly everyone?
How the hell is this "equal protection under the law"?


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245
Lawyered
Ole Miss Fan
The Sip
Member since Oct 2016
6370 posts
 Online 

re: Cancel student debt for nearly everyone?
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


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80
LSU1018
LSU Fan
Baton Rouge
Member since Feb 2007
6734 posts

re: Cancel student debt for nearly everyone?
Moving it to a 2% interest rate seems like a better compromise.


TDsngumbo
LSU Fan
Member since Oct 2011
21032 posts
 Online 

re: Cancel student debt for nearly everyone?
I would expect a check for the roughly $15,000 that I paid off three years after graduating then.


Sentrius
USA Fan
Fort Rozz
Member since Jun 2011
57326 posts

re: Cancel student debt for nearly everyone?
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.


BigPerm30
Chicago Cubs Fan
Member since Aug 2011
15037 posts

re: Cancel student debt for nearly everyone?
Typical democrat buying votes. What about my house loan? frick it. Why even have money? Let’s make everything free.


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