Cancelling student loan debt seems like an incredibly unfair policy (re: warren)

also unfair to those who worked their asses off and paid for it the hard way vs those that get a free ride out of it.....

Will these forgiven loans be taxed as income? They should be.

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And, why is it an assumption that all people incur debt for worthless degrees?

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Because that assumption is fairly safe.

The government needs to get out of the student loan business - the situation is not sustainable. Tuition at UL-Lafayette has shot up nearly three times what it was when I started back in 2011. Three fricking times. And that is with likely less professors and course offerings than back then. I can only imagine how bad it’s getting in other areas of the country.

It’s a bullshite way to reward those who received worthless degrees, live above their means, and just want the easy way out.

I’m 28, I still have $30k left on my loans, and a graduated with a History degree.

I in no way shape or form want anyone to pay for what I knowingly signed a contract for.

I want to sign up honestly to speak at the RNC convention or have someone like me speak at the convention because it deserves to be broadcasted to the masses.

(no message)

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And, why is it an assumption that all people incur debt for worthless degrees?

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I don't think the assumption is the people with worthless degrees incur debt. It's that the people that incur the debt then cry about it after receiving the degree got a worthless degree.

1) College Education is not a right.
2) If you're too dumb to know you have to pay these loans back - you should return your diploma.
3) What do you do to compensate the people that have done the responsible thing and paid their loans off?

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I don't think the assumption is the people with worthless degrees incur debt. It's that the people that incur the debt then cry about it after receiving the degree got a worthless degree.

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This. Don't rack up $100K in student debt for a fine arts degree then whine about how your job at Starbucks isn't enough to repay the loan.

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It’s also unfair because.....nobody forced college students to take on so much debt in the first place.

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"Forced"... no, you are right.

But a lot of people have failed these kids, including:

1) Teachers and guidance counselors for pushing the canard that everyone HAS to go to college, and the "fancier" the college, the better

2) Parents, for not telling their kids "no" or at the very least, educating these kids about the lifelong impacts of their decisions

3) College administrators, who are all too willing to take anyone they can, just so they can fill a seat

4) All of the above, for not teaching kids enough financial literacy so they can understand how these loans work

5) Government, who by providing such easy loans, have caused prices to spiral out of control

Most 17 and 18 year olds don't understand any of this. This is not new... 17 and 18 year olds since time began have been incapable of making major decisions like this, and understanding their impact. It's just that now, the consequences of making the wrong decision are much larger.

No, we should not mass forgive student loans. But we need to change the system, and change how we treat these kids, to stop the next generation from entering this trap. And for the current group in the trap, we should find ways to help them. Maybe some sort of matching payments, maybe some sort of volunteer for loan payments, etc.