Should Government pay off all Student loans? What about the people that paid back their student loans?

[Anonymous]

1) It is not fair to the ones that agreed to pay back loans and did. They should sue Gov't to get the money they paid banks for their education.

2) It will make inflation explode and make college too expensive for most people wanting to go to college

3) It will encourage even more people not work

4) It will create more beggars that demand Gov;t pay for their house , bills, medicine, and car.

5) it encourages irresponsibility

Why does younger generation think they are owed? Why do they think they should make $300,000 job straight out of college and not work their way up the ladder?

What will they do when economy collapses from Debt?

Democrats are so scared college kids won't go vote in November that they plan to bribe them by paying off their student loans.

No, if they do , then everyone that paid for their education should sue the Gov't for the amount they paid

Yes, I am better than those people before me and deserve it

Updates

1 y

I know a person getting as much as I do working from Mass in disability. She can work and only in her 30's. I can see why people that work have resentment.

Updates

1 y

Biden just did it. Forgiving college debt for the rich and ones that buy drugs and get drunk and waste their money.

[ethanallen]

This is total crap. People who go to college signed a document promising to pay back the loan. The fact is that not everyone should go to a four year college. Many people who graduate from college in the US are basically idiots. They graduate with bullshit degrees that do not enable them to secure employment. (business, history, women's studies, etc). Unless someone is pursuing a field requiring a graduate degree (medicine, law) or the field requires certification (engineering), four year college is a scam. Most people should either start their own business or purse a very lucrative trade (a two year endeavor with cheap or zero tuition).

The Democrats (of which I belong) have this totally wrong. When you listen to Republicans, they will tell you correctly that mandatory free education is a waste. They are right. We need to recognize that not everyone has intellect or desire for four year college. At the start of 10th grade, students should begin formalized training and apprenticeship (supervised, graded, objective goals) in an industry (electrical, plumbing, automotive repair, etc). When these student graduate high school, they will have jobs paying 60K or more at age 18 while their "smart" classmates" will go to undergrad, then grad and amass 200K in debt so they can get jobs as doctors earning 250k when they are 28 years old (ten years after graduating high school).

[msc545]

Yes, let's have a nation of auto repairmen and welders.

[BLP11520]

Its a ploy TO BUY YOUNG PEOPLES VOTES !!! 80 days before an election

[Asker]

Should they just pay off all housing loans too and get their votes?

[BlueScorpio]

1. I don't like the whole "eff you, I got mines" mentality people have. If I go to the theater to watch a movie that just released and pay $19 to see it, I'm not gonna complain about people waiting to rent it for cheaper or see it for free on tv later on. I would be happy for them so that way didn't have to spend as much as I did.

2. Inflation has always existed and is currently high right now. College has always been expensive and unaffordable for many people so what's the difference? That's why a lot of people don't and can't even attend.

3. How? Did you forget people still have bills and need to pay for things like food, gas, rent, insurance etc. You're still going to need to work for those things regardless if students loans are payed off.

4. You mean the same government that people are already complaining about cause they've made housing, bills, medicine, gas etc. already too expensive and out of reach for many average, working class Americans? One expected bill away is almost enough these days to land some people out on the streets.

5. You shouldn't have to sell an arm, a leg, your soul, and make a blood sacrifice just to get an education to be seen as "responsible". The fact people are getting off their ass and wanting/seeking a higher education tells me they are pretty damn responsible.

I don't know how to break this to you, but America is already in debt! Trillions I might add and they're still robbing you and using your tax dollars for pointless shit meanwhile some wealth hoarding asshole is onto buying his forth yacht while you scream and point at the everyday American citizen just trying to stay a float.

[Aerissa_Jade]

No, they should have the IRS take over collection on student loans and consider any behind payments to be the same as not paying taxes.

I do however support letting them put it in bankruptcy, they can file it and like everything else you own in bankruptcy, you give your degree back. Have it stay on their credit report for 14 years and disqualify them from ever getting tax payer backed student loans in the future.

Thus there is a exit route.

I am not referring to those that were scammed though, if someone was legitimately screwed and through no fault of their own... AND people went to prison for scamming them, then sure let them be forgiven for them.

I added people need to go to jail for scamming, cause if it isn't a crime then it isn't legally scamming so no forgiveness... if however it is a crime and people go to prison for it, then I consider it a scam and they should be let off.

All this is going to do is make Americans even more divided and resentful. Great way to unify people, err buy votes for the upcoming election.

[ethanallen]

This is a blatant and desperate attempt by Biden to buy votes for the Midterm elections. Democrats are going to get hammered in the mid-terms and the result of poor midterm performance by Dems will likely prevent Biden from seeking a second term.

[VforVindication]

@ethanallen If Trump is not just another puppet (aka j-e-w) then he better take his words into action and really do what he says he wants to do. Talk is cheap. I didn't see much of a stop in mass immigration when he was there. Then again, i don't live in the US. Maybe i did not get that info.

[VforVindication]

And how can you go from being against the vaccine to pushing for the vaccine like he did? How can you trust someone like that?

[NamerOfStars]

If "fairness" was a concern on the government's part, they'd gate voting behind obligations for EVERYONE: don't pay taxes beyond a certain threshold? Can't vote. Never been called to jury duty? Can't vote. A woman, and therefore immune to the threat of battle slavery? Can't vote- unless you join voluntarily, then maybe.

The bigger issue is that it would cause already-perpetually-skyrocketing college costs to EXPLODE, since they'd KNOW loans were going to be paid off. NOBODY would be able to afford to go to college without getting loans, and the government would be handed even MORE power. We'd be one ambitious politician away from a Chinese-style social credit system.

It is, however, downright disingenuous of you to tell young people to simply "work their way up the ladder" when that's usually not even POSSIBLE anymore; few jobs beyond the most rudimentary will even *consider* applicants for non-entry level positions if they don't have degrees. The days of working your way up from the mail room are LONG gone. You want a "real" job? You need a degree.

[snackthatsmilesback]

I don't think it's bad to take help when it's offered. If anything I think this kind of opportunity will push a lot of the graduates to work harder to make sure they keep out of debt, instead of becoming complacent because they don't see an end to the payments anytime soon anyway. Granted, some will take advantage of it irresponsibly. But those people wouldn't have paid back their loans in the first place. They would have put it off with more loans. Cause they are irresponsible. Having a loan paid off doesn't make you less responsible, it frees you up to be more of what you already were, ambitious or complacent.

If you're mad it wasn't offered to you or others, that's fair. College shouldn't be so expensive that most people have to get in debt in the first place to attend. And that has put a lot of people years behind in their path to financial stability. That's not the current students fault tho, and them refusing help in this case, isn't gonna fix it.

If you're one of those "it was hard for us so it should be hard for you" types well that's backwards to how it's supposed to work. Aren't people hoping to make things better in the world? Wouldn't it be a good thing if the cost of college went down and people could actually afford it? Wouldn't it be a good thing if people could advance their careers faster and afford homes and support families before they're 30? Why is helping younger people do what older people had to do alone bad?

[JamesDiaz11]

Yes, the government should (in any way shape or form) cancel student debt, but perhaps do so in phases. This should only be done if they also make higher education either free, or affordable (to where someone with a part time job could pay tuition, shared rent, etc.)- this would eliminate the nonsensical degrees, bc colleges would be working off a smaller budget.

I also don't care about those who paid off their student debt before we did- the cost of education was significantly less, and they probably got a lot more for it (in terms of quality, and a bachelors degree used to get you a solid job; now, you'll be lucky to get hired at Target).

So, we have bigger loans, for less quality education, with less chance to actually get a job to pay it off. This is after hearing our entire life that the key to success was education, got flooded with school advertisements, pressured by everyone else going, and given tens of thousands in loans with absolutely no credit profile- if this isn't predatory lending I don't know what is.

Would your middle age self be upset if they got rid of income tax? Sure, you'd benefit, but what about all the old people who had to pay income tax their whole life? Or how about someone who smokes weed not having to go to jail? Is this fair to the other people who were arrested? Surely you'd prefer to pay income tax for the next couple decades out of FAIRNESS, right?

[joeldalton]

And the result of your education is you're clueless. Congratulations.

[Asker]

@joeldalton This educated idiot doesn't realize like his lover Biden , that $20,000 then is like $150,000 now. Our education system as you can see has failed. all of us. Yet these socialist liberals are wanting more money to dumb down the kids so the system completely fails.

[JamesDiaz11]

@joeldalton I don't consider that an argument...

[joeldalton]

When you start off with an inane statement that “education should be free”, you are showing such an utter lack of economic knowledge that there’s really not much to discuss. How is education free? Do the professors work for free? The staff? The construction and utilities are free?

[JamesDiaz11]

@joeldalton I'm not going to detail my education, but I assure you I'm aware of how an economy functions... Public education is "free" through high school, but it's not free free. Teachers are paid, as are the utilities. However, the government (i. e. tax monies channeled through the govt) pays for this, at an economically sound price in order to educate the citizenry. But (as you may not know) our economy cannot thrive off high school graduates alone- Universities/ colleges are needed. Thus, by the same principle that permits primary/ secondary education to be "free," one can reasonably argue that formal education can/ should also be free.
Now, does this mean that any major (e. g. gender studies) should be a cost incurred by the government? No, but business, IT, engineering, medical, and a host of other professions are needed, and those who practice these professions pay far more back in taxes, and greatly benefit the society as a whole; so, it would easily provide a positive ROI.
Sure, we can institute exams, which will dictate who qualifies to go to these "free" formal education programs, but if high school did it's job and prepared individuals for the next step, this transition could be seamless, and the culmination of a multi-year development at the individual level, where a student (let's say) has shown interest in marketing, taken several graphic design classes, and is supported towards completing a marketing degree after graduating.

While I'm not someone who believes the government taking over something makes it function better necessarily (it often doesn't), when it comes to education central governments have almost always been heavily involved- it's what the state does.

[joeldalton]

You understand that college has become ridiculously expensive because the government is involved, right?

[JamesDiaz11]

@joeldalton That's one of the reasons, possibly the preliminary reason- that the government has backed student loans, making them easier to take out (and easier to give), in turn providing colleges with steady and increasing revenue, but unlike a business, colleges do not distribute dividends from surplus funds, they grow larger.
The other reason is the rapid expansion of the bureaucracy (not just the recent addition of a DEI department at every campus), the cost of intellectual property (colleges pay millions getting access to scholarly journals), and the construction of more impressive campuses (and amenities) to compete with other colleges to attract students. From someone who has taught college classes, most instructors/ professors DO NOT make much money, but these staff represent only a small fraction of the bloated institutions colleges have become.

[joeldalton]

And your solution is for me to pay for this bullshit?

[JamesDiaz11]

@joeldalton Listen, we both pay for taxes. We pay for programs we don't like/ support, politicians we don't like, and wars we don't like- why NOT education?
K-12 is paid for by the state, which primarily derives its revenue from sales tax. Would it really be that big of a deal to pay 8% rather than 6 if it means that your kids, and your kids kids would get to have the education they needed to get a good job without leaving with a loan somewhere between a car and a house loan?
Or are you so stuck on this idea of subsidizing an entitled, pretentious Gender Studies major, who lectures working men that you're unable to see a vast majority of college students and graduates just want (ed) to get the ability to have a good job, and live a prosperous life? What kind of society do you want to live in? This isn't socialism, but education should not be treated the same as any other good/ service- our loans certainly aren't treated like any other debt...

[joeldalton]

Well no, they’re not treated like other debt because you have no collateral for the loan. A bank can’t take your degree. And you honestly don’t think there’ll be more bullshit degrees where there’s zero risk to the person taking the courses?

This nonsense that everyone needs a college education to get a good job has got to go.

[Asker]

@joeldalton A Plumber business here offering $50 an hour for plumbers. They can't find any. Now $50 an hour ain't bad.

[joeldalton]

Exactly. We have a pilot shortage. No college needed and 200-300k a year. HVAC techs make $75k a year, Walmart’s hiring truck drivers at 90k a year.

[JamesDiaz11]

@joeldalton One of the companies I consult for is a private airline... I can assure you that you drastically underestimate the amount of education these people need to have. Sure, your salary estimate is accurate, but this is after I onboard them, which takes 12+ billable hours, and the collection of various certifications, licenses, etc. Also, they have flight schools at many colleges; so, I'm confused as to what's the difference?

[joeldalton]

Flight school is done in less than 4 years and you don't need to take gender studies. It's also not 100k+

But thanks for missing the point. The reality is that 'free college' will end up with the poor people paying for the rich to go to college. It will continue to get exponentially more expensive since there's fuckall need to keep costs down when dealing with the government, along with the fact that not all people can hack college... so they'll be sucking up 2 years of "free" tuition until they fail out.

[JamesDiaz11]

Truck drivers need a CDL-A course, which costs at least $5000, and the $90,000 figure is for OTR drivers, not local drivers. I was an operations manager at a trucking company for a year, and these people are home maybe a week a month if they're lucky... Hardly the sweet deal you make it out to be.
To get certified and licensed as a plumber takes you nearly as long as it does for a degree, and it certainly costs money- although there are many good programs at community colleges.

[JamesDiaz11]

@joeldalton Poor people pay net zero in taxes... Sure they have withholdings, but they get all of it back (plus a boost) come tax time; so, your "poor people will foot the bill" is nonsense.
So, I hear you saying that entry requirements should be put in place to assure people are keeping up with the studies... How is this contrary to my argument?

[joeldalton]

WE just hired 87000 irs agents. They’re not going after billionaires, lol. Oh you put in entry requirements? Great. So I’m gonna sit in my dorm and smoke pot and skip class. Now what?

[hahahmm]

Government does unfair stuff all the time. I was saving up to buy a house and had perfect credit but because of a natural disaster the government decided since some people couldn't afford to pay their bills they should ban credit bureaus from reporting anybody's credit for 2 months. So that took 2 months of credit history off of my record. See, they couldn't just wipe the record of the deadbeats because that would be too easy for banks to use against deadbeats. Anyhow it cost me something cause it shortened my credit history as I had just finished re-building my credit from scratch.

[Agagagagaga]

I think if some of you saw what employers were paying people with bachelor’s degrees versus the tens of thousands of dollars it took to get that degree, it may change your mind a bit.

And no, I’m not talking about a degree in 19th century interpretative lesbian dance.

[Reaper1985]

they shouldn't forgive or pay off loan debt. if anything all they should do is remove interest rate from the debt. so people only have to pay back what they borrowed in the first place.

[Reaper1985]

or make it so the loan can't start earning interest until 10 years after the borrow date. so people have a chance to pay if back before interest gets to high.

[Reaper1985]

*it back*

[Surely]

If the government wants to ease the burden of college loans. They need to start at the colleges. What is charged for the education that they say they provide. Doesn’t seem to equal the education they actually give the students. Plus most colleges don’t seem to have job placement

[Surely]

So us people that didn’t get a college degree will be expected to pay taxes that will be used to pay for these deserving young people to get a high paying job that we will need to pay extra to them for their skills that we paid for them to get!

[Asker]

Yep , those that paid for their now will pay for degrees for others too. People that couldn't afford to go themselves will have to pay for others to go.

[USLegionary]

No. Simplh because its really the taxpayer that should pay. Student loans are a deal between the loan companies and students. It's up to the loan company to write off the debt if they find its a bad loan they won't ever recuperate

[Guy13]

They are simply trying to implode us in every way. If we can't keep a Biblical morality as guidance then Rome will collapse. Man can not be trusted with either wealth or success as we are fallen in Nature.

[USLegionary]

The bible speaks out against monetary loans...

[Guy13]

@USLegionary Amongst fellow Christians as well as debt. The secularists do their own thing.

[Smoke-n-Growls]

The government should just cancel the loans.

And the people who've taken and laid back loans should be happy for those less fortunate than them.

I mean, by your logic, how would you defend bailing out banks and corporations who then turn record profits or give CEOs more money?

[Asker]

I didn't. I wanted banks to fail and corporations so small business could get their stuff for near nothing. Good try

[exitseven]

No, I paid to put 3 kids through college. I should have had them take out loans and then not pay them back

[Aquariusmystery]

So because you had a hard time, you want young people to have a hard time too? You sound lovely

[Anonymous]

What about the people who didn't go to college and have no student loans?


It's not the tax layer fault you didn't finish, or got a degree that doesn't pay you enough

[VforVindication]

This is so stupid. The black mentality at work. And if they don't get their way they burn down cities. Pathetic criminal race.

[TroyDT]

No, the taxpayers should not be stuck with the bills for those who were irresponsible.

[joeldalton]

No, it should not. You take out the loans, you pay the loans. Period.

[msc545]

Yes, they should. And also sue all the predatory lenders that created a lot of this problem.

[Asker]

People can put off going and not get a loan at all. It is a choice.

[msc545]

They can also work at cheap shitty dangerous jobs and make about a million dollars less over their lifetime.

[Juxtapose]

I specifically didn't go to college because I didn't want to go into debt. Don't reward people that are stupid.