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HailHailtoMichigan!
LSU Fan
Trabuco Canyon, CA
Member since Mar 2012
53095 posts
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Cancelling student loan debt seems like an incredibly unfair policy (re: warren)
It’s a slap in the face to people who just finished off paying their loans off, or are halfway or so

It’s also unfair because.....nobody forced college students to take on so much debt in the first place. We live in a country where you are expected to pay back what was lent to you. It is your own fault if you get a degree in something that will not provide you an income that can sufficiently supply funds to pay down your debt while still providing you a solid standard of living.

Should businesses be forced to accommodate customers who didn’t read the print before they signed?


tigeraddict
LSU Fan
Baton Rouge
Member since Mar 2007
7279 posts

re: 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.....


FalseProphet
LSU Fan
Mecca
Member since Dec 2011
11232 posts
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re: Cancelling student loan debt seems like an incredibly unfair policy (re: warren)
Who said the scenario had to be fair? There are tons of people who receive benefits now that people in the past didn't.

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


Tchefuncte Tiger
Bat'n Rudge
Member since Oct 2004
36939 posts

re: Cancelling student loan debt seems like an incredibly unfair policy (re: warren)
Will these forgiven loans be taxed as income? They should be.


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tjv305
Florida Fan
Member since May 2015
6545 posts

re: Cancelling student loan debt seems like an incredibly unfair policy (re: warren)
This is a main reason I don’t see cancelling student loans as a winning agenda for democrats. Everyone who payed for their students debts would then have to help pay off everyone else’s debt .


Tchefuncte Tiger
Bat'n Rudge
Member since Oct 2004
36939 posts

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

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


Because that assumption is fairly safe.


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158
Clyde Tipton
LSU Fan
Planet Earth
Member since Dec 2007
35202 posts

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

I don’t see cancelling student loans as a winning agenda for democrats. Everyone who payed for their students debts would then have to help pay off everyone else’s debt .



Kinda sounds like Obamacare, doesn't it?


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131
NIH
LA-Lafayette Fan
Member since Aug 2008
94862 posts
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re: Cancelling student loan debt seems like an incredibly unfair policy (re: warren)
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.
This post was edited on 6/17 at 10:34 am


dakarx
Army Fan
Member since Sep 2018
480 posts

re: Cancelling student loan debt seems like an incredibly unfair policy (re: warren)
Did anyone not believe there were additional motives for Gov't to take control of student loans? Pol's don't do anything for the good of the people, there had to be an ulterior motive or two (aka a way to gain more control and for them to pocket some $$$)


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Magician2
SMU Fan
Grand Coteau
Member since Oct 2015
4090 posts
 Online 

re: Cancelling student loan debt seems like an incredibly unfair policy (re: warren)
It’s a bull shite 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.


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Huey Lewis
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Member since Oct 2013
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re: Cancelling student loan debt seems like an incredibly unfair policy (re: warren)
I don't support any of the student loan cancellation nonsense, but to make it even have some semblance of fairness and not enthusiastically rewarding losers would be to have the government cancel the interest only and to reimburse interest paid by everyone with a student loan in the last 30 years. Everybody is still on the hook for their principle.


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Tchefuncte Tiger
Bat'n Rudge
Member since Oct 2004
36939 posts

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

The government needs to get out of the student loan business - the situation is not sustainable.


I believe they weren't until the Obama years. The government guaranteed student loans, but weren't the actual lender.


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civiltiger07
LSU Fan
Baton Rouge
Member since Dec 2011
8707 posts

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

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


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.


SSpaniel
Memphis Fan
Germantown
Member since Feb 2013
16454 posts

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

Who said the scenario had to be fair?


It's not fair now, well, at least according to some people. So let's just make it not fair, only for a different group of people.

These folks knew full well that they were taking out loans. Why should there be any discussion whatsoever of cancelling them?

Here's a hint: Don't want to incur a huge amount of student loan debt? DON'T TAKE IT OUT IN THE FIRST PLACE!!!!


John Gotti
USA Fan
Vestavia HIlls, AL
Member since Jul 2013
1844 posts

re: Cancelling student loan debt seems like an incredibly unfair policy (re: warren)
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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111
NIH
LA-Lafayette Fan
Member since Aug 2008
94862 posts
 Online 

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

DON'T TAKE IT OUT IN THE FIRST PLACE!!!!



Then we need to overhaul the whole system. Tuition at Louisiana state schools without TOPS (which will be gone within a decade) is skyrocketing. Not many people are going to be able to afford tuition and fees and rent and what not without taking out loans. We need to get the government out of the lending business so schools cannot keep jacking up the prices. That or we put them on the hook for debt.


Tchefuncte Tiger
Bat'n Rudge
Member since Oct 2004
36939 posts

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

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.


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.
This post was edited on 6/17 at 11:25 am


udtiger
LSU Fan
Louisiana
Member since Nov 2006
57318 posts
 Online 

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

It’s a slap in the face to people who just finished off paying their loans off, or are halfway or so


Not only is it a slap in the face, they are actually being made to pay for their own loan debt, and that of slackers.

But, it's the party of free shite and they have to feed the beast.


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LSUFanHouston
LSU Fan
NOLA
Member since Jul 2009
15816 posts
 Online 

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

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


"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.


LSUFanHouston
LSU Fan
NOLA
Member since Jul 2009
15816 posts
 Online 

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

Tuition at UL-Lafayette has shot up nearly three times what it was when I started back in 2011.


Part of that is the loan situation, and part of that is less state funding.

Bobby J tried to force colleges to cut costs and stop wasting money by funding them less (in an isolated situation, not a terrible policy at all). However, all the colleges did is raise tuition, not cut crap, and allow loans to cover the higher tuition.


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