Because many people can't find a job in the field they went to school for. I went to (local) college. Graduated with honors and was given a personal recommendation from the dean if academic science. One of only 5 he has given out in his 15 year tenure when I was there. (At the time)
I also graduated a month after the IT recession and was going against people that had decades of experience. I couldn't find a job. In fact I ended up giving up and went a different route. By the time jobs started opening up, I was already doing something else.
Getting out of debt can be life changing for people who don't have the income as others. I could tell you my long sob story but honestly don't want to type it out.
Not a person on this board that has an ounce of compassion would have a problem with my debt being forgiven.
Some of the kinder members of this board would even donate if my story was known. (Which it never will be)
See above. All I got was debt. Then I married into even more debt from my wife who got screwed by her ex husband with the connections she didnt have (judge) and a lawyer she couldn't afford. She made his business for him. He was a loser that lived off his rich daddy and she came in and played a major role in their business being successful.
I don't know the numbers and I don't disagree that stupid degrees are stupid degrees but every person's experience is difference.
But seriously, why do you care? It doesn't hurt you. It doesn't affect your success. It doesn't come out of your pocket (sure, you could say taxes but your taxes will ALWAYS go towards stuff you don't agree with.)
The government can bail out banks. They can bail out transportation. I would have no problem with them giving those less fortunate (or who have made bad decisions) a chance at a better life.
I will never see the success that some of you have had and that's ok. However it sure would be nice to actually be able to go on a vacation that we could pay for. It would be great to have a home we could pay for. A lot of things that some of you have, others will never see.
Anyone who has ever struggled and who has had to live by a strict budget that had to cut corners on basic necessities, knows exactly what I'm talking about.
If you are one of those people, and made it, then congratulations to you. I'm happy for you and Im not jealous.
That being said, there's a lot of people in the world who's life is ruined by bad choices. (Debt)
I'm all for helping those people even if I wouldn't be one of them. (And I wouldn't be, my debt would not be forgiven since I'm 10-15 years behind and interest has doubled the original balance)