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Apply for student loan debt forgiveness
51–60 of 130 posts
Re: Apply for student loan debt forgiveness
#52Earlier quoted context omitted.
That is a pretty big assertion to make: that on average, most of the tax collection over the entire US is paid by non-college graduates.
That’s not the assertion they made. They’re average person paying tax didn’t graduate college, which is different from saying that most of the tax revenue is collected from non-college graduates.
I think revenue matters since we have a progressive tax rate.
Taxes are paid on income, not on people.
Re: Apply for student loan debt forgiveness
#53Earlier quoted context omitted.
Heaven forbid a country invest in the education of its people. What a terrible no good idea, we should definitely be putting that money into pumping business or other interests.
This is the thing that gets me. We collectively invest in a large number of things that may not directly benefit us. My tax dollars fund programs that primarily benefit people that need the money due to choices I personally never would have made. But that’s the point of a social system. The moment that collective investment is about education or healthcare, people seem to apply an entirely different ruleset.
That isn't what this is though is it? This is people voluntarily taking loans to fund their education and now getting that paid off with other peoples money. With that logic, when are they paying my mortgage or credit card bills off which are also voluntary debt?
I an all for investing in education. This is not that.
Re: Apply for student loan debt forgiveness
#54There is no such thing as forgiveness for loans - its always paid by someone. This is, in essence, transferring the debt from people who graduated college to people who - on average - did not go to college. The most regressive invisible tax hike we have ever had but sure. . . yay.
It's truly something when I come to this website and folks are arguing against the government providing assistance to folks burdened by inescapable debt where making payments for decades and paying taxes can land you with even more debt than you started with because of the interest rates. What's supposed to happen? We just throw our hands up and say that the system is irreparably broken and there's nothing to be done…
The government isnt providing assistance.
This is transferring debt people willingly took on to get a college degree, to people who did not go to college.
Look, I am not trying to be rude and I am trying to be gentle when I ask this: Where do you think the 'assistance' the government is going to provide comes from?
Re: Apply for student loan debt forgiveness
#55Earlier quoted context omitted.
Heaven forbid a country invest in the education of its people. What a terrible no good idea, we should definitely be putting that money into pumping business or other interests.
If you want to invest in education then negotiate deals with universities as a government instead of handing blank checks to institutions that are charging $60K/year for tuition that’s somehow offered for 1/10th the price at similar institutions. This is pouring one bucket of water on a house fire but that bucket of water was someone’s only drinking water. It doesn’t solve the problem at all but now you’ve also pisse…
I'd wager most people on both sides of the political aisle would be in favor of more financial accountability from universities.
Re: Apply for student loan debt forgiveness
#56While this is better than nothing, I would rather have my tax dollars paid for free higher education with oversight on the quality of the education and how the money is used. Blanket forgiveness would encourage bad actors from offering useless degrees at high cost imo
it would be even easier to start with how current cost education is handled. my student loan situation would be much better if my advisor at my state uni had actually been incentivized to be an advisor. instead she put off meeting with me until the second semester of my senior year. note i didn't say last semester of my senior year.
Re: Apply for student loan debt forgiveness
#57Earlier quoted context omitted.
It's truly something when I come to this website and folks are arguing against the government providing assistance to folks burdened by inescapable debt where making payments for decades and paying taxes can land you with even more debt than you started with because of the interest rates. What's supposed to happen? We just throw our hands up and say that the system is irreparably broken and there's nothing to be done…
The government isnt providing assistance. This is transferring debt people willingly took on to get a college degree, to people who did not go to college. Look, I am not trying to be rude and I am trying to be gentle when I ask this: Where do you think the 'assistance' the government is going to provide comes from?
This transfers the debt to the top income earners who pay federal income tax into the general fund. The bottom 60% of Americans, 100 million households, pay no federal income tax.
https://www.cnbc.com/2021/08/18/61percent-of-americans-paid-...
> Look, I am not trying to be rude and I am trying to be gentle when I ask this: Where do you think the 'assistance' the government is going to provide comes from?
The wealthy and high earners? I pay substantial federal income tax, and I’m not too bent out of shape about this. I’m more concerned about waste going forward, not financial relief for my fellow citizen. The need for this debt would’ve never existed if state and federal funding for higher education had not slowly been withdrawn leaving students primarily to shoulder the cost burden (although I’m mindful of unchecked college spending and the need for cost controls due to the inelastic demand).
https://www.usnews.com/education/best-colleges/paying-for-co...
Re: Apply for student loan debt forgiveness
#58Earlier quoted context omitted.
> Blanket forgiveness would encourage bad actors from offering useless degrees at high cost imo Do you think that isn't already happening?
Sure, but now we are subsidizing it.
We're subsidizing relief from it. Loan debt and interest are what subsidize the bad actors.
Re: Apply for student loan debt forgiveness
#59There is no such thing as forgiveness for loans - its always paid by someone. This is, in essence, transferring the debt from people who graduated college to people who - on average - did not go to college. The most regressive invisible tax hike we have ever had but sure. . . yay.
And yet we forgave PPP loans which was $742 billion forgiven vs $400 billion for student loan forgiveness. This is, in essence, transferring the debt from people who own businesses to people who - on average - do not own businesses. The _actual_ most regressive invisible tax hike we have ever had but sure. . . yay.
I got 87k in PPP loans. It was forgiven, but it all went to my employees.
That's a good thing.
Re: Apply for student loan debt forgiveness
#60Earlier quoted context omitted.
Heaven forbid a country invest in the education of its people. What a terrible no good idea, we should definitely be putting that money into pumping business or other interests.
This is the thing that gets me. We collectively invest in a large number of things that may not directly benefit us. My tax dollars fund programs that primarily benefit people that need the money due to choices I personally never would have made. But that’s the point of a social system. The moment that collective investment is about education or healthcare, people seem to apply an entirely different ruleset.
"need" would be the key word here, do college graduates need the money? If a program is regressive, it means it's transferring money from people who need the money to people who either don't need the money or need it less. That doesn't exactly benefit people who need the money either.