re: Why do people who have student loan debt feel like it should be forgiven?

many would have been better off becoming welders.

A fricking leech that cannot spell... Good grief

Are you retarded? Corporate welfare exists. It's a fact. As for student loans its a farce built upon the propaganda that in order to succeed you must go to school. Colleges have a monopoly on the price of education due to most companies requiring at least a 4 yr degree. With raising rates most are forced into debt

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Because there is no collateral or assets involved? That's the reason the rates are higher than say a car or home loan.

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There are many different types of bankruptcies out there, and plenty where creditors are given fractions of a dollar. I'm not arguing you should be able to graduate college, declare bankruptcy, and start fresh like a boss. I've just always found it interesting we have no issues with a person starting a small business, fricking up, declaring bankruptcy, and moving on with their lives but get up in arms about people with student loan debt that was financed at relatively high rates.

LINK

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Filing bankruptcy can help a person by discarding debt or making a plan to repay debts. A bankruptcy case normally begins when the debtor files a petition with the bankruptcy court. A petition may be filed by an individual, by spouses together, or by a corporation or other entity.

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That's because college is a luxury

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Actually, its because there is legislation in place saying it isn't allowed.

You can ring up tons of services on your credit card, and then declare bankruptcy to wipe it off for pennies on the dollar. Don't get me wrong, your credit is shot and it will effect you for a long time, but it's just odd.

I got a construction management degree too. No end in sight as far as jobs go.

Which I did, and had less than 10k in debt when I graduated. That isn't the argument though.

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Some people feel like they were sold a false bill of goods. They feel like their high school guidance counselors and college financial aid advisers pushed them towards something that ended up being nothing but a scam. The universities touted all kinds of statistics about employment, guidance counselors claimed that college was the only possible route to avoid flipping burgers and waiting tables for the rest of their lives, and financial aid was offered as this end all be all tool to a better life.

They went through 4 or 5 years of schooling at their advice only to graduate into an economy with no jobs for them. They're still waiting tables, flipping burgers, and pouring coffee at the same businesses they were when they were in high school. They're still living with their parents. Nothing has changed except now they have a piece of paper, 5 years of their life gone, and a mountain of debt that they will be making payments on until they die. I understand why they feel like they should be forgiven.

It's easy to say, "oh, better luck next time! You should have majored in engineering, haha!" Look at all the unemployed Petroleum Engineers. Look at all the business degrees, biology majors, ect who don't have jobs. Teenagers were lied to, sold a false bill of goods, and steered down a path to debt and unemployment by government employees who were supposed to shepherd them.

They were taken advantage of and used for profit by the education system. It's one thing if they chose to follow their dreams on their own accord, it's another to be purposefully guided by agents of the government into disadvantageous positions through the use of positions of authority and false statistics. In any other industry, that's called fraud.

With that being said, I don't think student debt should be "forgiven". I think we need to find a way to get the federal government out of the student loan and higher ed business so that prices can return to normal. Doing so would make college more affordable for everyone.

As for those who are stuck with worthless degrees, I feel for you, I really do. I wish there was a better solution, but there's really not. HR departments don't want you. HR departments are stupid, but they are what we have to deal with. I'm sorry, but you're going to have to be this generation's innovators. You're going to have to invent new products and services. You're going to have to take risks to expand your skillset to make yourself more attractive to those idiots in HR. You're going to have to work harder than any generation in history for far less than your parents ever had, but you will be made better for it. This country will be made better for it.

Things are dark in America right now. We are facing issues near and dear to every American, but it is not hopeless. There can still be morning in America again.
Kingbob 2016
Because everyone else is a racist.

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And their idiot parents believe the same bullshite.

The ONLY reason my daughter wants to go to college is to compete at the NCAA level in Gymnastics.

If she can't do that, she's going to learn a trade.

The vast vast majority do not feel like it should be forgiven.