31–40 of 483 posts
It's crazy to cancel student loans and still keep issuing the exact same loans. If we believe the loans are unjust then the government should stop handing them out as the very first step.
If we're going to be forgiving loans, we shouldn't be giving them out in the first place. Otherwise, we're going to be in the same spot in one generation's time.
Just stop guaranteeing them, let students default on them. All these guaranteed loans that can't be discharged allows academic institutions to ratchet up the price. Let them calculate risk and price them accordingly.
If we're going to be forgiving loans, we shouldn't be giving them out in the first place. Otherwise, we're going to be in the same spot in one generation's time.
Just stop guaranteeing them, let students default on them. All these guaranteed loans that can't be discharged allows academic institutions to ratchet up the price. Let them calculate risk and price them accordingly.
Can Biden forgive my mortgage while he's at it? Why should I be in debt for 30 years, it's very inconvenient. Not everyone has the money to get a fancy university education, even with loans and other financial assistance, so we should be cancelling debt across the board. We should nationalize the banks and print money until all the debt is gone. Or it's racist.
Guess who got the money?
Why are you angry at a small number of poor students?
How about giving back money to people who paid back their loans, possibly going through even greater difficulties to do that.
The reason I am doing this is because there is $1.6 trillion in student loan debt; the government is definitely not seeing most of that money. Someone will have to come in and save us all. And well, I am willing to bet 13 master's degrees on this.
Currently at 3. ;)
It's crazy to cancel student loans and still keep issuing the exact same loans. If we believe the loans are unjust then the government should stop handing them out as the very first step.
Minor nit: The gov't doesn't give the loans, they underwrite & insure the loans.
It’s a real problem deserving a real solution. Well beyond people just sticking their hands out, saying “gimme!”
I know every European seems to ask this of every American but what is the resistance to a welfare state? if you look at a government as investing in its citizens like a VC fund, then providing education and medical care is sensible, and some will turn out fine and others will be Bezos and then you can get your investment back via tax. I am honestly trying to avoid the flame war here - but I do it know how else to fra…