Should student loans be forgiven?

[Anonymous]

And whose student loans should we forgive. The ones who went to college to actually get a job and work or the ones who dropped out and only went to have sex, smoke weed, drink and party all night long.

[MrOracle]

No. Student loans are taken out by people FOR THEIR OWN BENEFIT - so they can get an advanced education in order to increase their earning potential. It is not the taxpayers' responsibility to pay for your privileges - and an advanced education is a privilege.

No one says you have to go to college, or that you have to take out loans to do so. You could go to community college or a lower-cost school, you could get a job, etc. Loans are a choice, and YOU are responsible for paying back what you borrowed. If you chose to squander the money on an education with little value, or on shopping and ski weekends, that's not taxpayer's responsiblity - it's yours.

[HighValue]

No. It would use tax money from working people. It wouldn't be fair because some people worked hard for a long time and saved up money to pay their way through college and the others that irresponsibly took out large loans would get an unfair advantage/pass and not have to pay for those same classes. "Forgiving" student loans is just another way for people that made bad decisions to not be held responsible for those decisions. Nobody forced them to take out loans, it was their own decision.

[Asker]

While I agree that they shouldn't get their students forgive and I never took one out and worked for my college. I don't think it's entirely their fault. Public schools are shit and don't prepare them well for life after high-school. Most of them don't understand economics and how money work even though they did 12 years of schooling. I think it's the public education systems fault for telling them to go to college and enjoy their 20s. I was smart and didn't go until later in life now I have no debt. The government wants people not to understand economics so they will be depend on the government.

[HighValue]

I did the same. I worked, saved money, and paid my own way through college. It took longer, it was more difficult working full time and taking 15 to 18 units per semester at the same time, but I didn't take out any loans to do it and I survived.

[Asker]

When do you take out a student loan? You never take one out.

[jennifer_bloom]

Where I live in Canada, if you get good grades, you don’t have to pay tuition cause your bursaries will cover it. And the standard is low, I believe above 85% in high school and university is free.

[LazerBean]

Why should they be?

[Asker]

I hear them complain that they will never pay it off.

[LazerBean]

Then they should have thought a bit before signing the contract.

[Asker]

a lot of people are told to go to college and enjoy their 20s. They see all their friends going and don't want to be left out. And their mom and dad are about to kick them out the house if they don't go.

I mean I agree with you completely they shouldn't get it forgiven because they can become a journey trades man and earn a decent living. You don't think any of them deserve it?

[LazerBean]

Do I think that a person who signed a legal contract with full knowledge of what it entails deserves to have to follow through with it? Absolutely.

[Oigit]

No. You sign the contract knowing that you will have to pay the loan back with interest. I went to collage and I worked hard to pay off my student debit. So have many other people. No one should get a debit out of free card. Because part of being a adult is being fiscally responsible. Meaning paying off debits that you AGREED to take on and pay off.

[MTC29]

I paid my student loan back within the allowed time of ten years. I got the $$$ I needed to complete my Bachelor of Science degree and go on to grad school, and Uncle Sam made a few bucks in interest. It was a win-win for both, and I see no reason to change it.

[SaoirseS]

No. If you borrow money, you pay it back. I think interest rates on student loans should be capped at 3% though.

[Akanzal]

No but I think the tuition prices are too high. Congress could pass legislation to control the tuition prices and set a cap on it for colleges that receive federal funds.

[Anonymous]

I have no student loan debt didn't go to college and only 13 percent of the country has it.

[Anonymous]

Never, they were dumb enough to sip the schools kool-aid then they deserve the death to credit they get

[TheMajesticKing777]

I don't know why there's student loans tbh

[exitseven]

Only if home mortgages are forgiven as well.

[shortster]

Nope.