No debt is ever unpaid. Someone HAS to pay it. It is the debtor, the lender or a third party. So who pays it? You don't want the debtor to pay it. Banks which made the loans are guaranteed by the government to pay it will not choose to absorb it because they are good and compassionate. So who is left? THE GOVERNMENT. Bit the government has no money of its own. It comes from who? TAXPAYERS. You are sitting home now in school and likely unemployed, so you are not affected. Their investors and depositors won't like that. . But soon, you will be on your own one way or the other, Maybe working at the McDonald's counter. At MINIMUM WAGE, you will pay from your taxes the student debt of some rich kid who took Women's Studies in college and will never earn enough to pay their debt. A lot of low wage people will pay the student debt of a lot of White Privileged students.
This is probably the first Civics lesson of your life.
What Girls & Guys Said
Opinion
26Opinion
This is a pointless questioning because they've already started forgiving loans.
Yours is a pointless response because Grandpa may decide to increase forgiveness.
Whoever incurred the debt should pay it back
This sounds like a post from the from the Onion.
Nothing.
People need to understand affordability. It's up to them to learn as individuals.
forgive them
No debt is ever unpaid. Someone HAS to pay it. It is the debtor, the lender or a third party. So who pays it? You don't want the debtor to pay it. Banks which made the loans are guaranteed by the government to pay it will not choose to absorb it because they are good and compassionate. So who is left? THE GOVERNMENT. Bit the government has no money of its own. It comes from who? TAXPAYERS. You are sitting home now in school and likely unemployed, so you are not affected. Their investors and depositors won't like that. . But soon, you will be on your own one way or the other, Maybe working at the McDonald's counter. At MINIMUM WAGE, you will pay from your taxes the student debt of some rich kid who took Women's Studies in college and will never earn enough to pay their debt. A lot of low wage people will pay the student debt of a lot of White Privileged students.
This is probably the first Civics lesson of your life.