re: Democrats' $50,000 student loan forgiveness plan

$400,000 for less than two years work at Harvard

The disclosure states over several years but a little research shows that is was barely two years of work.

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Pay your bills, bitch.

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I'm not going to have to pay anything whether you like it or not.

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Basically, if a university wants federal student aid to be readily offered at their university, then the need to show that they are making efforts to keep tuition down and combat these unnecessary administrative costs which are helping drive rising tuition.

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This. Universities need to be held accountable first. Especially if they are receiving aid from the government. No reason for LSU’s tuition to go from $3,000 a year in 2000 to $12,000 today. I’m sure they would find loopholes. Force publishers to pay them money for books to be used at their school, increasing that cost even more?

I'm all for giving breaks on student loan interest, but as somebody who's wife has hundreds of thousands of student loan debt from vet school forgiving principle is too much.

It's all a circle and no one ever asks her about it.

Pay me a shite ton to teach a class, the gov't will back your loan, oh you owe too much on student loans, we'll forgive them. Pay me a shite ton to teach a class....over and over.

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My point was that there are some instances where you can work while in school and actually pay for school.

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Those instances, especially for undergrad, are very, very rare these days, unless that person is willing to take 5-10 years to graduate. Hell, I had a better than average job in undergrad in the early 90's when school was a LOT cheaper and I had to take out loans to bridge the gap.

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I just stated that you can't also say with 100% certainty that working while is school is practically useless,

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I do agree with that, and honestly I was always pretty resentful of my friends in college that didn't have to work because their parents paid everything for them. It was a young and perhaps naive attitude to take, but it was there.

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I even proposed an adjusted version of what we currently have for student loans that I feel would be more fair to students (no interest, caps on the amount you can receive).

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And I'm not arguing in favor of blanket student loan forgiveness. I'd be more apt to support just eliminating interest on them, offering more programs where graduates can work in some for of civil service for forgiveness, and other incentives to reduce their burden. A few years after I graduated I really wanted to buy a home, but my student loans were a pretty big hindrance to that. A program that allowed some for of forgiveness or rolling a portion of student loans into a mortgage would solve one of the bigger issues with student loan debt.

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I think the gov't should also excerpt some control on how universities compensate administrators, how many administrators they have, etc. to control costs.
I think a hard line limit on the amount that any one person can take out a loan for school would accomplish this in itself. It may take a few years, but the costs of universities would decrease because there would no longer be a blank check written from the government to the schools like there is currently.

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Definitely, also couple that with decreasing demand by using some of this "loan forgiveness money" to set up a federal trade school program or something like that where people can avoid college and make good money - start promoting trade schools in last couple years of high school and other things like that,

So many different angles that could be taken that in aggregate would really help fix the cost and education cost and debt issues. But now that big banking has such a foothold in the student loan money, no elected official is willing to really tackle the underlying problem .

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I suffered, so I want you to suffer too? It’s okay to be against student loan forgiveness, but it to be soul crushing because you had to sacrifice and you want others to go through that too? Just strange to me.

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No one put a gun to these peoples' heads to take out these loans.

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I’ll be honest, I never got this sentiment. I suffered, so I want you to suffer too? It’s okay to be against student loan forgiveness, but it to be soul crushing because you had to sacrifice and you want others to go through that too? Just strange to me.

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It is more like I had to mine off, and now I am going to have to pay your too. Complete and utter bullshite.

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I’ll be honest, I never got this sentiment. I suffered, so I want you to suffer too? It’s okay to be against student loan forgiveness, but it to be soul crushing because you had to sacrifice and you want others to go through that too? Just strange to me.

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I dont want others to go through that and honestly I want some relief because I know a lot of other people my age who are burdened with loans even with decent jobs. It's just one of those things where I was in the wrong place at the wrong time. If I could get my money back I would be much more chipper then I am now. Hell I was excited just to get my 1200 check from the feds, if I got my 20k back it could be life changing, I could put a down payment on a house but I cant and I wont be seeing my money or time again.

Higher education as a whole is so unbelievably corrupt and overpriced and this bill wont do a single thing to address the real problem which is out of control tuition costs. It feels instead like it is going to continue to enable them to be out of control with just blanket debt forgiveness.