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Student Loan Forgiveness Discussion


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9 hours ago, abenjami said:

 

What is your case for wiping the slate clean for a college student who got federal student loans but doing nothing for a similar college student who ended up with private loans or credit card debt to pay for the same education?

 

Who says I'm only for just wiping federal student loans? Federal is probably just easier to do.

 

I should probably also note as a sidenote that I don't really have a lot of student loan debt. This isn't really about me. 

Edited by reo
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It's against my self interest to say this, as someone with student loan debt, but I don't think it's fair to ask average Americans to pay for the student loan debt of those who used debt to finance co

Anyone who supported PPP and not loan forgiveness is a hypocrite. Those who took the money and criticize it are even worse. We lost 200 billion to fraud alone on PPP.

I’m not a student debt forgiveness fan.  While I do think the cost of education is rediculous and in need of reform, which is another subject, they signed on for what they signed on for.     I’

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6 minutes ago, Bink said:

 

I agree here, although I am not opposed to generally wiping the slate clean to stimulate the economy and as an acknowledgment that students loans and the cost of education became extremely predatory and this would be akin to a bailout. 

 

We've seen government bailouts and government funds directed all over the place--why not something that for once would help a wide range of ordinary Americans? None of this happening in a vacuum. 

 

To the original post quoted here, an easy to apply for and get loan forgiveness for people that serve the public good would be fantastic. It's absurd the number of teachers I know that had to rack up debt to take on a sub $50k lifetime job to do a job that is vastly underrated by society. 

 

The amount of cost saved just by the basic childcare school provide alone should make folks want to help teachers. 

 

I think the best plan would be to reform the system and look into public service jobs that are underpaid. If you want to be a teacher, a social worker, or a police officer (PLEASE let's get more educated cops), you shouldn't have any debt as far as I am concerned. 

 

 

 

I would be open to this idea. Peace core plan on steroids. Obama wanted to pitch a National Service program as well but could never get buy in. 

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11 hours ago, oldschool said:

 

I would be open to this idea. Peace core plan on steroids. Obama wanted to pitch a National Service program as well but could never get buy in. 

I'm open to student loans being forgiven for active teachers with over 5 years of experience.

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9 minutes ago, Btowner said:

I'm open to student loans being forgiven for active teachers with over 5 years of experience.

Why not forgive them in pieces on a yearly basis or something?

 

10% per year over 10 years, etc. 

 

Otherwise you might get a bunch who quit after year 5. 

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34 minutes ago, abenjami said:

Why not forgive them in pieces on a yearly basis or something?

 

10% per year over 10 years, etc. 

 

Otherwise you might get a bunch who quit after year 5. 

Great idea and I'm not even a teacher.

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2 hours ago, pat said:

Free public education has been a very successful policy in America for many years.  I don't understand why that should halt at high school.


Why forgive just student loan debt, we should just pay for everybody’s education.   While we are at it let’s pay for free housing for all, free cars for transportation, free universal income for food and utilities, and free health care.   Money is no problem and the debt is meaningless…..in a libtard fantasyland.

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3 minutes ago, Little Earl said:


Why forgive just student loan debt, we should just pay for everybody’s education.   While we are at it let’s pay for free housing for all, free cars for transportation, free universal income for food and utilities, and free health care.   Money is no problem and the debt is meaningless…..in a libtard fantasyland.

 

I wonder why you are afraid no one will work for you if they have the option to do something else.

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I already weighed in on this topic before.  The elites do not deserve taxpayer money.  People choose college to advance economically and to engage in a profession they choose.  Joe Six Pack is working in the factory that would hire him.  Don't take Joe's money to pay Bill's tuition.

 

The educational system is flawed.  The U.S. Government has allowed this money monster to devour the savings, loans, prostitution and drug dealing monies of the people to be gouged by the educational system.  They allowed the ITT Techs to get loans for the homeless.  

 

Paying off the student loan debt allows the educational system to continue to rob and steal.  Even if you did pay off the loans, where does the debtors income qualification cap.  Then you also see who really benefits from the loan repayments-THE LENDERS.

 

The lenders then go restart the jumbo mortgages again.  First time home buyers can borrow 125% loan to value.  That way you don't have to wait to furnish your home.  We'll give you 25% extra money to buy a house full of Rooms to Go.  You then get to pay interest on furniture for 30 years.

 

If you do not fix flaws in systems, they fail.  There are honest economists who tell the government banking system all the flaws of these systems they allow to run until they blow up.  Then they ask dumb ass Joe Six Pack to pay.

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On 7/30/2021 at 9:46 AM, Little Earl said:


Why forgive just student loan debt, we should just pay for everybody’s education.   While we are at it let’s pay for free housing for all, free cars for transportation, free universal income for food and utilities, and free health care.   Money is no problem and the debt is meaningless…..in a libtard fantasyland.

What happened to American exceptionalism when it comes providing higher education for our children? Each time we discuss the subject, you get extreme, silly responses like this from right wingers.

 

How can a country like Germany have their children learn English as a second language, have free college tuition with parents either paying room and board or a small stipend. I wonder what is so wrong about providing free education that we cannot model the same for certain STEM related or education degrees? 

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