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

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Starting a Civil War over student loan forgiveness?

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If you don't understand the context of the statement he made, that is on you.

Shout out to all the Construction Baws and O&G baws. Your hard work will make my loans disappear. As a thank you, I will buy a Skeeter to burn up some more fuel for you baws

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So I think it's unlikely that us ~$100k middle manager earners would foot the bill for this.

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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?

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When I graduated high school ('99), attending my local University was just $2,920.00 a year (just tuition, no room and board). Today? $11,460. And that's not even touching $300 for a single book in some classes.

It's a larger systematic issue that needs to be addressed. Jobs that used to not require degrees now do, which reinforces the idea that everyone should go to college. An administrative assistant shouldn't need an Associates or a Bachelors.

Parents have had their hands in this too. Shaming kids that would be a better fit for a trade instead of college and refusing to let their kids enter those programs has contributed to this as well.

No, they didn't have a gun to their head to take out the loans. But I think it's terribly remiss to not look at the contextual situation where they took them out. It's not like they were given much of an option to not do so. And I do think it's a poor policy if it's not addressing the root causes of why tuition is so fricking high.

It also doesn’t touch the online programs you have to purchase access too just to submit your homework. Can’t sell it back. Can’t get by without it. Insane. Colleges have became an insanely profitable business.

I've been paying on time. I owe like 4k. Wife like 50k (Penn st)

I'll be happy to stop paying them...

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Elizabeth Warren's plan paid for it with a wealth tax I believe.

So I think it's unlikely that us ~$100k middle manager earners would foot the bill for this.

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On top of my belief that these kinds of taxes always find their way down to the middle class, I think we are missing the bigger picture.

This policy isn’t a solution to the problem, it’s a bandaid treatment to a symptom of the problem that makes the underlying problem worse.

The problem is government interference in the form of subsidizing student loans upon default has led to the cost of college going up dramatically because colleges realize they can charge exorbitant tuition rates and people will pull out larger loans to pay them.

There needs to be an adult in the room that assesses risk and doesn’t allow for this positive feedback loop and that adult is not there, because the driver of that responsible lending is the free market.

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When I graduated high school ('99), attending my local University was just $2,920.00 a year (just tuition, no room and board). Today? $11,460

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Roughly the same increase for my school. Except that I graduated high school in 06. Pretty sure tuition for my first semester was something like 1.5k, and now it's ~5k. More than a 300% increase in 15 years.

TOPS has enabled thousands and thousands of people to benefit from socialized higher education. It's a safe bet that most of the posters here that attended LSU benefited from near-free college tuition. I'll take the downvotes, but we have no room to talk.