Stop the program altogether make America wake up and see how many people cannot afford college, and the universities WOULD HAVE TO LOWER TUITION OR GO OUT OF BUSINESS. Never again
Indeed The cost of the university is directly tied to the essence limitless money and zero-accountability that the tax-payer funded student loan program has created.
The university is choosing the issue the loan on the account of the Taxpayer for their own products to kids who have very little idea the value of the dollars they are "borrowing" or any particular skills they are "buying".
If the university was like every other industry in part responsible for the defaulted loans being issued, they would not direct theses ignorant kids thou an "Educational treadmill" leading to an unmarketable degree at a maximum price.
Loans would be issued only to kids who have talent for in demand fields that can pay them enough to pay it off. This is not a hard thing for anyone failure with the market to do. The universities simply have every financially reason in the world to not attempt to do so. Because they only gain more money the more time you spend on their treadmill, and more still if you end up having to come back.
Its insane how everyone is relying on the government for everything when it has to do with our own families. I'm not even a parent I don't want my younger generations to look around for money for college if I can help it. If I knew about the child since it's birth in 2012 am i really going to say I have nothing to give for him to go to college? If everyone who claims to love that child created a joint savings 529 plan I don't know about 100% being there at 18 but we'd for sure have an associates paid for and any other living expenses so they can work for skills, not to survive on while taking out loans.
@kkstarzz96 Borrowing money for an education can work but only if the party providing the education is made in part liable for the outcome of their own product.
Education institution have long claimed to do this via reputations and numbers which as it turns out like any other set of numbers is largely cooked and cherry picked.
If you as a parent are going to pay for your kids education you have to be sure they actually are getting a useful education. Otherwise the university has every reason in the world to take advantage of you and your still financially and emotionally immature kid.
This is the problem with education, those who need it rarely know what it's worth or even is. So its easy to take advantage of it. For practical career education however there is or was a clear solution to this problem, the market
Scotland probably has the best system. There are no tuition fees. Student loans (to cover the cost of living while studying) have a very low rate of interest, and you only start paying them off once you are earning over a certain threshold (so they will usually get paid back eventually, but won't be a burden on the poorest). Bursaries are also available to those studying in occupations where there is a need for more qualified workers - teachers, nurses, etc.
We signed the contract to get them, knowing we would have to pay them back with interest. So we are not owed any forgiveness. Forgiving them only removes peoples personal responsibility. It's also a slap in the face to people that do have a sense of personal responsibility and paid of their loans or are working towards doing so.
It's a government investment. No different then giving military spending but more local. It's what we prioritize gets funding. Killing sheep farmers accross the ocean becomes prioritize they die. Education for our people is prioritize they get educated.
No. Learning what a loan is and how it must be paid off, and taking the appropriate steps to do so, are important things for people to learn.
If someone's student loans are forgiven, people might expect that their home mortgage, auto loan, credit card debt and everything else they owe will also be forgiven. That's not a good precedent to set.
I worked my ass off and sacrificed to pay off my student loans. Why the f*ck should tax payers have to brunt the burden of a bad personal choice for others? And most of all why should people who did NOT go to college have to pay more in taxes for people who did?
Yeah, if you spend 3 to 5 years accruing the time and licensing necessary, and in some cases spend $26,713.50 in todays dollars like I did, then I want my money back too. Ain't happening. And I like it that way.
I don't care about forgiveness because it is the person's choice to take the loan. They should be make a responsible decision at the onset. What I do believe is that they should be interest free from the very beginning and there should never be an interest accumulated on them.
The schools themselfs need to be made financially responsible for the loans THEY issue on behalf of the U. S. Tax payer for the 'education' that they also provided which subsequently failed to secure a job capable of repaying its costs.
Apple you are better than this these are good people who are trying to have a good future and make their society better! So the answer is to punish them so a few wealthy people get richer with these predatory loans? Either way people who are uneducated and poor will resort to crime to survive and guess who pays for that we all do! When they are in those privately owned for profit prisons we pay for them in taxes! So please open your eyes and learn about the whole thing
@vald9inches She's absolutely correct. Student loan debt won't vanish into thin air. People who pay taxes (including those who couldn't afford to go to college) are paying this debt. Should a guy working at McDonalds be forced to pay for your college debt?
You take out the loans, you pay them back. You saw value to your career in incurring the debt. You feel your salary and earnings will be higher than you paid for college.
@vald9inches The fix is easy. Stop guaranteeing student loans. Banks would not lend the money. Colleges would have to figure out alternative ways to get students in the seats.
@joeldalton that would never happen because banks want those loans guaranteed! its how they make their money from their predatory lending scheme lol if we tried to change it it would just get lobbied to hell! A better idea is to probably get rid of legal bribery aka lobbying
Probably yes, or at least some system that makes sure that people aren’t being screwed over for just going to college. If anything I think the government should help people with student loan, after all there is a great benefit to society by encouraging people to go to post secondary education.
You took them out you should pay them back just like any other adult that took out student loans. No one went into it with their eyes closed you knew what you were getting into and now it's time to pay the piper. If the government relieves these people of the government loans or student loans no debt goes unpaid. If the person with the debt does not pay it then the person who credited the money has to eat it and then it falls on us the taxpayers.
No. If you can't afford to pay off loans, don't take them out. The tax payers are not responsible for your poor decision making or market misjudgment. Debt is not something that should be taken on lightly, nor is it something that should be forgiven lightly. It's something you should plan through to the end. If you didn't do that, joke's on you.
The fact of being able to borrow to study is one of the main reasons why American university fees are constantly growing and now becoming a bubble. Forgiving students' debts would result in a substantial increase in education costs in the US. Because the university administrations would be inclined to increase costs since the debt is then forgivable.
What should be done is to put a cap on the level of debt a student can bear to study.
I met many students and they finished school and were taking one class so they didn't want to start paying them back. The whole time taking out loans to fund their lifestyle. People that went to for profit colleges that didn't offer accredited courses. Often seen on tv or various media shouldn't pay back. They never should of been made in first place. These schools should of never been allowed to be in program
No student loans should not be 'forgiven', they took on the loans in the full knowledge they would have to be paid back, if in their stupidity took out more in loans than they actually needed too cover the degrees they took and basic living expenses then that is their problem, especially if the degrees were not ones that would have been ones that would have given them a secure career path.
No, they shouldn't be forgiven because they were legally agreed to. However, more financial responsibility should be taught to teens that are going to take them on in the future so that they truly understand what they're getting themselves into.
Only if they also abolish the program by which those loans came to be, given they've destroyed a good lot of our best means of paying back. Otherwise, the thing is just a con that leads to defacto slavery.
Yes these loans should be forgiven. Every other civilized country in the world provides college education's for free or at reasonable costs. Predictably, only in the United States are for-profit colleges allowed to gouge people along with crooked predatory lenders. Enough is enough.
What Girls & Guys Said
Opinion
89Opinion
Stop the program altogether make America wake up and see how many people cannot afford college, and the universities WOULD HAVE TO LOWER TUITION OR GO OUT OF BUSINESS. Never again
Indeed The cost of the university is directly tied to the essence limitless money and zero-accountability that the tax-payer funded student loan program has created.
The university is choosing the issue the loan on the account of the Taxpayer for their own products to kids who have very little idea the value of the dollars they are "borrowing" or any particular skills they are "buying".
If the university was like every other industry in part responsible for the defaulted loans being issued, they would not direct theses ignorant kids thou an "Educational treadmill" leading to an unmarketable degree at a maximum price.
Loans would be issued only to kids who have talent for in demand fields that can pay them enough to pay it off. This is not a hard thing for anyone failure with the market to do. The universities simply have every financially reason in the world to not attempt to do so.
Because they only gain more money the more time you spend on their treadmill, and more still if you end up having to come back.
Its insane how everyone is relying on the government for everything when it has to do with our own families. I'm not even a parent I don't want my younger generations to look around for money for college if I can help it. If I knew about the child since it's birth in 2012 am i really going to say I have nothing to give for him to go to college? If everyone who claims to love that child created a joint savings 529 plan I don't know about 100% being there at 18 but we'd for sure have an associates paid for and any other living expenses so they can work for skills, not to survive on while taking out loans.
@kkstarzz96 Borrowing money for an education can work but only if the party providing the education is made in part liable for the outcome of their own product.
Education institution have long claimed to do this via reputations and numbers which as it turns out like any other set of numbers is largely cooked and cherry picked.
If you as a parent are going to pay for your kids education you have to be sure they actually are getting a useful education. Otherwise the university has every reason in the world to take advantage of you and your still financially and emotionally immature kid.
This is the problem with education, those who need it rarely know what it's worth or even is. So its easy to take advantage of it. For practical career education however there is or was a clear solution to this problem, the market
Scotland probably has the best system.
There are no tuition fees. Student loans (to cover the cost of living while studying) have a very low rate of interest, and you only start paying them off once you are earning over a certain threshold (so they will usually get paid back eventually, but won't be a burden on the poorest). Bursaries are also available to those studying in occupations where there is a need for more qualified workers - teachers, nurses, etc.
We signed the contract to get them, knowing we would have to pay them back with interest. So we are not owed any forgiveness. Forgiving them only removes peoples personal responsibility. It's also a slap in the face to people that do have a sense of personal responsibility and paid of their loans or are working towards doing so.
It's a government investment. No different then giving military spending but more local. It's what we prioritize gets funding. Killing sheep farmers accross the ocean becomes prioritize they die. Education for our people is prioritize they get educated.
No. Learning what a loan is and how it must be paid off, and taking the appropriate steps to do so, are important things for people to learn.
If someone's student loans are forgiven, people might expect that their home mortgage, auto loan, credit card debt and everything else they owe will also be forgiven. That's not a good precedent to set.
I worked my ass off and sacrificed to pay off my student loans. Why the f*ck should tax payers have to brunt the burden of a bad personal choice for others? And most of all why should people who did NOT go to college have to pay more in taxes for people who did?
He'll NO.
I didn't go to college I go a trade. And licensed training and I make far above avawrge USA.
Its not the American people fault you took put 100,000 in loans for GENDER STUDIES.
Bride women hold 75% of the debt. They strong and independent
Yeah, if you spend 3 to 5 years accruing the time and licensing necessary, and in some cases spend $26,713.50 in todays dollars like I did, then I want my money back too. Ain't happening. And I like it that way.
I paid that off in 1 year. People need to gets some nut sack and some balls.
Yes sir. People pick low paying careers and jobs and wanna complain about it.
I don't care about forgiveness because it is the person's choice to take the loan. They should be make a responsible decision at the onset. What I do believe is that they should be interest free from the very beginning and there should never be an interest accumulated on them.
Typo: /they should make/
The schools themselfs need to be made financially responsible for the loans THEY issue on behalf of the U. S. Tax payer for the 'education' that they also provided which subsequently failed to secure a job capable of repaying its costs.
Nah they took out the loan now they gotta pay for it
Apple you are better than this these are good people who are trying to have a good future and make their society better! So the answer is to punish them so a few wealthy people get richer with these predatory loans? Either way people who are uneducated and poor will resort to crime to survive and guess who pays for that we all do! When they are in those privately owned for profit prisons we pay for them in taxes! So please open your eyes and learn about the whole thing
@vald9inches She's absolutely correct. Student loan debt won't vanish into thin air. People who pay taxes (including those who couldn't afford to go to college) are paying this debt. Should a guy working at McDonalds be forced to pay for your college debt?
You take out the loans, you pay them back. You saw value to your career in incurring the debt. You feel your salary and earnings will be higher than you paid for college.
@joedalton did you not read a single fucking thing i said?
We will all pay for it one way or another if we don't fix the for profit education system and predatory lending
@vald9inches The fix is easy. Stop guaranteeing student loans. Banks would not lend the money. Colleges would have to figure out alternative ways to get students in the seats.
@joeldalton that would never happen because banks want those loans guaranteed! its how they make their money from their predatory lending scheme lol if we tried to change it it would just get lobbied to hell! A better idea is to probably get rid of legal bribery aka lobbying
@vald9inches Then fight the true enemy, don't expect people who don't have college debt to pay for yours. That's greedy and entitled.
@joeldalton bruh please clean out your ears! you will pay for it whether you like it or not in some form or another
if you dont like it i am asking you to fight the real enemy which is all the corrupt politicians and corporates
@vald9inches profit isn't the problem. profit is the method by which we incentivize people to do their best. profit is good
the problem is foolish parents sending their kids to school for no good reason
Probably yes, or at least some system that makes sure that people aren’t being screwed over for just going to college. If anything I think the government should help people with student loan, after all there is a great benefit to society by encouraging people to go to post secondary education.
Forgiven? Who will pay for them? The taxpayer? That would be all of us. in my opinion they shouldn't be forgiven.
The lenders will pay them because you know they are the ones that lent it?
Trump made Mexico pay for the wall , I guess make Canada pay for our student loans
@888theGreat I have no student loans. I own no one anything. Everything I own is paid for in full.
You took them out you should pay them back just like any other adult that took out student loans. No one went into it with their eyes closed you knew what you were getting into and now it's time to pay the piper. If the government relieves these people of the government loans or student loans no debt goes unpaid. If the person with the debt does not pay it then the person who credited the money has to eat it and then it falls on us the taxpayers.
No. If you can't afford to pay off loans, don't take them out. The tax payers are not responsible for your poor decision making or market misjudgment. Debt is not something that should be taken on lightly, nor is it something that should be forgiven lightly. It's something you should plan through to the end. If you didn't do that, joke's on you.
The fact of being able to borrow to study is one of the main reasons why American university fees are constantly growing and now becoming a bubble.
Forgiving students' debts would result in a substantial increase in education costs in the US. Because the university administrations would be inclined to increase costs since the debt is then forgivable.
What should be done is to put a cap on the level of debt a student can bear to study.
I met many students and they finished school and were taking one class so they didn't want to start paying them back. The whole time taking out loans to fund their lifestyle. People that went to for profit colleges that didn't offer accredited courses. Often seen on tv or various media shouldn't pay back. They never should of been made in first place. These schools should of never been allowed to be in program
No student loans should not be 'forgiven', they took on the loans in the full knowledge they would have to be paid back, if in their stupidity took out more in loans than they actually needed too cover the degrees they took and basic living expenses then that is their problem, especially if the degrees were not ones that would have been ones that would have given them a secure career path.
No, they shouldn't be forgiven because they were legally agreed to. However, more financial responsibility should be taught to teens that are going to take them on in the future so that they truly understand what they're getting themselves into.
Only if they also abolish the program by which those loans came to be, given they've destroyed a good lot of our best means of paying back. Otherwise, the thing is just a con that leads to defacto slavery.
Yes these loans should be forgiven. Every other civilized country in the world provides college education's for free or at reasonable costs. Predictably, only in the United States are for-profit colleges allowed to gouge people along with crooked predatory lenders. Enough is enough.