[Tyga11]

What is the argument for?

Adults voluntarily took out loans and now for some reason believe they should be absolved because they don't make enough money.

[Popo]

It shouldn’t.

[rustyroger]

Nothing must stand in the way of profit, not the health of the population, not education, only short term profits for BigCorp/Pharma/Finance matters.
Feed people junk food, there's money to be made. As long as we make them pay for eating our junk. Win win for BigCorp and BigPharma.......
Send people to college and university, then they will be in debt to Big Finance for life.....

Roger.

Roger.

[ASAP]

it shouldn't be... its very straighforward lol...

the question in this predicament that no one seems to have asked is why is upper education so expensive in the first place in the USA? seems everyone is scared to resolve that because it's an issue caused by the very government that has given these loans out in the first place... all while backing and subsidizing College and Universities with taxpayer dollars... the schools have gotten bloated and now run like corporations...

...but the 2nd part of the argument someone could make here... is why where PPP loans forgiven for profitable businesses as well?

[///MPhatic]

If the government wants to give people their student loan money back I'm all for it, as long as it's everyone that has ever had a student loan. And then, of course, pay back all those long hours everybody else put in so they didn't have to get a loan. I'd be good with that.

[Oldgixxer]

Originally Posted by ///MPhatic

....And then, of course, pay back all those long hours everybody else put in so they didn't have to get a loan. I'd be good with that.

Amen

[Car-Addicted]

From each according to their ability, to each according to their need.
― Karl Marx

[ASAP]

Originally Posted by ///MPhatic

If the government wants to give people their student loan money back I'm all for it, as long as it's everyone that has ever had a student loan. And then, of course, pay back all those long hours everybody else put in so they didn't have to get a loan. I'd be good with that.

Right... you would need to reimburse everyone... including everyone that self paid their eductation... which means the same thing as PPP loans... you'd need to prepare yourself for 10% inflation again

[LivingInSalt]

Reparations first. Then student loan debt.

[///MPhatic]

Originally Posted by ASAP

Right... you would need to reimburse everyone... including everyone that self paid their eductation... which means the same thing as PPP loans... you'd need to prepare yourself for 10% inflation again

Nah, take it out of their TP money.

[Car-Addicted]

Originally Posted by LivingInSalt

Reparations first. Then student loan debt.

No problem we can just print more money! What could possibly go wrong?

[RickFLM4]

As far as I know, new student loans are still being funded, including loans to people who qualify for forgiveness. Maybe I’m mistaken but there is very little talk of anything but forgiveness. How about ending (or at least radically reforming) the program first before talking about cancellations and refunds if it is such an unfair program (or whatever the logic is to forgive loans)? Until then, it’s just trying to buy votes.

[NikMN]

Originally Posted by Popo

It shouldn’t.

💯

[LivingInSalt]

Originally Posted by Car-Addicted

No problem we can just print more money! What could possibly go wrong?

Rich people have plenty already

[cmyx6go]

People made a choice they couldn't afford. They could have gone to a different school that didn't cost as much. They could have chosen a degree that would actually get them a good paying job. Why should tax payers have to pay for their choices? If you chose to buy something you can't afford, you shouldn't have to pay for it? Where is the personal responsibility?

[CTinline-six]

Originally Posted by cmyx6go

People made a choice they couldn't afford. They could have gone to a different school that didn't cost as much. They could have chosen a degree that would actually get them a good paying job. Why should tax payers have to pay for their choices? If you chose to buy something you can't afford, you shouldn't have to pay for it? Where is the personal responsibility?

+1

I think student loan forgiveness is basically the biggest "F U" to people who purposely didn't pursue college because they couldn't afford it in the first place, or in my case, paid their way working 2 jobs as they went.

[Car-Addicted]

Originally Posted by LivingInSalt

Rich people have plenty already

Ever get a job from a poor person?

[ASAP]

Originally Posted by CTinline-six

+1

I think student loan forgiveness is basically the biggest "F U" to people who purposely didn't pursue college because they couldn't afford it in the first place, or in my case, paid their way working 2 jobs as they went.

I think again, the bigger question is not the actual loan but rather the actual cost... we are already subsidizing education... most universities and colleges already receive grants, tax breaks and tax dollars to run... so why is education so expensive? Maybe it's because we made a business out of it with major athletic programs, unnecessary college board of directors, massive expensive campuses and a lot of other unnecessary nonsense... then we back that with GOVT back loans lmao... it's effectively the definition of a scam because fundamentally the school has 0 incentive to give good degrees and assist in finding jobs and can instead focus on pumping out as many students with nonsense to make money...

This gets fixed tomorrow if Colleges back their own loans and act as the bank handing out the loan without government backing.

[NikMN]

That is true bit why should I "pay" for someone else is poor choice?

[Car-Addicted]

College Tuition Inflation: Compare The Cost Of College Over Time
Between 1980 and 2020, the average price of tuition, fees, and room and board for an undergraduate degree increased 169%, according to a recent report from the Georgetown University Center on Education and the Workforce.

In 1980, the price to attend a four-year college full-time was $10,231 annually—including tuition, fees, room and board, and adjusted for inflation—according to the National Center for Education Statistics. By 2019-20, the total price increased to $28,775. That’s a 180% increase.

https://www.forbes.com/advisor/stude...ion-inflation/

[ASAP]

Originally Posted by Car-Addicted

College Tuition Inflation: Compare The Cost Of College Over Time
Between 1980 and 2020, the average price of tuition, fees, and room and board for an undergraduate degree increased 169%, according to a recent report from the Georgetown University Center on Education and the Workforce.

In 1980, the price to attend a four-year college full-time was $10,231 annually—including tuition, fees, room and board, and adjusted for inflation—according to the National Center for Education Statistics. By 2019-20, the total price increased to $28,775. That’s a 180% increase.

https://www.forbes.com/advisor/stude...ion-inflation/

You forget the best part about this... the advent of online classes and online education where overhead costs have dropped even further... 1 teacher can easily teach multiple classes for less cost... it is now a scam on top of a scam even at major universities.

[50shadesofhockenheim]

Originally Posted by Car-Addicted

College Tuition Inflation: Compare The Cost Of College Over Time
Between 1980 and 2020, the average price of tuition, fees, and room and board for an undergraduate degree increased 169%, according to a recent report from the Georgetown University Center on Education and the Workforce.

In 1980, the price to attend a four-year college full-time was $10,231 annually—including tuition, fees, room and board, and adjusted for inflation—according to the National Center for Education Statistics. By 2019-20, the total price increased to $28,775. That’s a 180% increase.

https://www.forbes.com/advisor/stude...ion-inflation/

What hasn't gone up at least 180% in the last 40 years?