Trump to Immediately Unwind Joe Biden’s Unconstitutional Student Loan Forgiveness Plan
(www.thegatewaypundit.com)
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I earned two BAs, 2 MAs, and an Ed.D. and all of it was paid for by my labor. I came from low rent housing after my dad walked away when I was two, and my mom never applied for welfare even though others in our circle did. She taught me hard work and paying your own way. And kid that feels it’s alright for someone to pay their way, even the society says they’re adults, will never have my respect.
That’s great buddy good for you. Too bad the system doesn’t work that way anymore.
An entire system taking away financial literacy classes then telling 3/4 generations of kids that they won’t become anything in life unless they take out $100,000 minimum in student loans.
Promising said kids that they will become successful immediately after college. Then come to find out those jobs aren’t there.
And lets say you do find a job in your field. And you start paying your loans back. Over the course of 10-15 years you find that the interest on the loan made the loan even higher than what you took out.
The student loan system was designed to be predatory.
Nobody is calling for car loan forgiveness or mortgage forgiveness. Or even small business loan forgiveness.
The entire student loan system is rotten to begin with.
Now is the solution for the taxpayer to bare the burden? No. Similar to how we shouldn’t bail out the airlines. But the government is never going to be able to collect all that money back. They can seize the assets of the universities that knowingly inflate their tuition costs for the simple fact they want the subsidies but good luck trying to collect on this debt.
And if we really are going to a new currency or a new government, this whole debacle won’t even matter
Exactly, I'm 41 and still paying my wife's and my student loans off (at 8% albeit). While there may be exceptions as the gentleman above (Berlin); it is frustrating that we have had to pay while others do not.
Furthermore, anything that is free you don't really ever know the true value of it. Because we had to pay our way def gives us a different appreciation than someone who's loans were forgiven.
I'm a little skeptical as to how this would go through but it would be nice to see it happen. Loan forgiveness was a contributing factor to inflation we are currently trying to digest (on top of all the rounds of stimulus checks)
I have a Bachelor and a Master. I took out a total of 78k in loans, paid faithfully every month, have paid faithfully every month, and now I owe over 110k... the interest is what kills people, not the payments.
I only have to make roughly 70 more payments, and my loans will be completely forgiven, do I think that is right? Hell no. But at the same time, it's not right that these loan servicers are getting rich off of what amounts to our tax dollars to begin with.