Trump faces renewed push to cancel student debt for eligible borrowers and stop the transfer of accounts to the Treasury
Democratic lawmakers called on the Education Department to enact student-debt relief for millions of borrowers while defaults are at a record high.
An unforgiving, unsympathetic stance, is not entirely Christian. Given that Globalists are Hell bent on destroying the Nation's economy through destructive immigration policy. Along with Covid lockdown tyranny and a mass layoff ideology and the Fed printing massive amounts of new money. The list goes on. These people signed up to invest into a Future that was taken from them.
I disagree. It's not unsympathetic. I watched our kids work their way through college while their hoity toity friends took massive amounts in loans to which they traveled, went to concerts, and partied like hell. These are my tax dollars. Accountability is a must. And life lessons are the best teachers. They borrowed it, they pay it back. End of story
The Economy is crashing. Costs are way up and wages down. Job opportunities are scarce at best. Unless your last name is Singh, you won't even get an Interview. Go play heartless somewhere else. Your POV is why the Right gets Hate. We are trying to Unite and Fix the Nation. Not beat down the financially troubled.
What ever. Based on your response you may be on the wrong site.
Let's ask the Mods.
Holding people accountable isn't dividing. It's called being a responsible person. If college debt is to be forgiven, then so should my truck and mortgage. The logic is flawed. Unsecured loans have higher interest rates by design. Hence "unsecured". I'm not being unreasonable. Life lessons are tough. Suck it up and learn
"Suck it up and learn" enough said. Dovetails right into your lack of Empathy and lack of understanding the current climate.
Well sorry you feel that way. I'm not going to continue debating this with you. Obviously we are on opposite ends of the spectrum here. Agree to disagree. My stance stays. Maybe you don't quite understand tough love.
Absolutely correct!!! Choices have consequences.
He's Canadian. I'm guessing he didn't take 20 years paying off his debt,like I did.
I want a refund with cash and interest,if they forgive these other loans.
He's Canadian.....
Now you know why I don't want any new canadian states.
They don't really understand America.
The fact is, the banks own it all and control it all, as a result of their deceptive usury. How about a jubilee?
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I'm with you, Dvan. No one forced anyone to take on a student loan.
Instead of cancelling student debt, they should make it so that you can reduce/cancel it through bankruptcy. Then if people want to get out and they’ve been led too far astray then they can declare bankruptcy and renegotiate it. Should be like other debt - sometimes people just need a reset we should allow for that option, but cancelling the debt is silly. Fix the law that is a problem - the lifetime unsecured loans - don’t do another bailout
Allowing them to be cancelled via bankruptcy makes sense. Among other things, it would make lenders careful not to make bad loans at fly-by-night schools or for unprofitable degrees.
Banks no longer lead money to students.
It's all the govt.
I had friends in college that used their student loan money to buy season ski passes, expensive new ski's, boots, etc.
What a wild hill to die on when you have trillions being dumped into fraudster immigrants
It's simple math. You don't take out a $200,000 loan in women's studies or counseling, when the pay at the other end can't support it.
I came from a poor family, had excellent grades, lots of notable extracurricular activities and would loved to have gone to the state's premier university. I attended a land grant college and pretty much paid my way. My son attended a less expensive college and when he was graduated, said he should have attended a community College for the first two years for general courses which is what you take to get to the courses in your major.
Choices, and I should not be responsible for the tuition at an ivy league school for the education of someone too dumb to know what they're signing.
This issue is neither Black or White, there is lots of grey. . Also, the Educational Institutions should be on the hook, since they happily peddled worthless Diplomas. The people who paid back their loans and made lots of sacrifices to do so, have good reason to feel betrayed if the loans are forgiven. It is a contentious issue. A heartless POV does not solve the issue. If Right Wingers had an equal hostile attitude to their Tax Dollars going into endless wars, to enrich Zionists and War Profiteers. Maybe there wouldn't be so much reckless spending in Military. People always have more courage to beat down the defenceless.
"These people signed up to invest into a Future that was taken from them."
What degree did you earn that you want to squeeze out of your stupid debt load, "BA in tranny-African wymyn's studies" ?
I worked full time during my undergrad STEM studies in night school (BS Biology, BS Chemistry), got married as I started my MS Biochemistry studies in night and summer school - both of us working full time. Began a family and raised 3 of our 4 kids while I completed the MS and went on to complete and MBA, again in night school. Together with my wife's income now married 41 years we afforded a house - paid off a 30-year mortgage in 15, never inheriting a dime from insolvent health ailing parents who we took in until they passed. and were able to raise a family and prosper without being plagued by a debt treadmill - scholastic or otherwise.
Millennial kids are all raised and gone making their own way and raising their families - all completed undergrad, 3 of 4 completed grad degrees - 2 in STEM fields.
You chose a different way to pay for your education and you can shove your idea to send the bill for your stupid financial decisions to me straight up your ass.
My degree is a Major in Accounting and a Minor in Finance. Then 2 years of Audit, then many years Comptroller to eventually President of a Company. You lived in a different time than now. I have the highest degree of respect for the constructive and responsible life you have lived. You're entitled to your opinion.
"You lived in a different time than now."
What, like poor you has it so much harder? I started my career during the 15% prime interest rate recession of 1982 which Volker used to squeeze out the 1970's era Carter inflation. I worked temp jobs out of college for my first 2 years which formed a valuable portion of a basis for a now 44 year career where I have held all the titles imagine-able at on time or other that today has me owning my own pharmaceutical development and legal consulting S-Corp firm of 30+ years, where I bill annually $500 - $1MM, sitting on ~$1MM liquid cash + a $3MM 401(k).
The Revolutionary War generation lived, struggled, and eventually won against forces far greater, the Civil War generation survived to rebuild a country where 400,000 of their countrymen had died fighting a European effort to divide and conquer us, the WWII generation entered post-war unemployment and hung on to turn it all around economically in the 1950's, building families, technological advancement and wealth in the process, the Reagan peace through strength era that defeated the USSR without firing a shot while building massive wealth through supply side tax policies.
And somehow I don't remember reading about record of whiners like we see today, who blame everyone else for their inability to make it and scolds like yourself wagging your finger about what you allege is and entirely "unforgiving, unsympathetic un-Christian" stance taken by those who did not make the same foolish choices as others.
Got it. I agree people are weaker and less productive than in the past. Your stance is lacking Humanity.
My stance doesn't lack humanity at all. I give generously to my church and to faithful missions it supports as well as to other worthy Scripturally sound charities. One hopes that you do as well.
I don't see how you as having once been the president of a firm with the obligation to maintain and increase shareholder value would hold on to non-performing assets and personnel merely for the sake of the appearance of "humanity" - especially when it is other peoples' money we're talking about.
They took a loan to pay their way through college and once they graduate they could begin to pay it back. A great job should not be a hindrance of paying 10%of your paycheck to lower the debt amount. If you can't afford to pay the loan back with your current job.......get a second job!
As someone who religiously services the debts I have chosen to incur, I will tell you this: wrong me once (big bank bailouts) shame on them; wrong me twice, shame on me. You can bet your ass I am bailing on any debt I owe to a bank that gets bailed out again in the coming shitstorm if I, myself, am not bailed out. Why? They wouldn't need bailouts if they were not gambling.
I got student loans to go to A&P school and was paying them until they froze during covid. But that whole time i was saving that money so when they unfroze the loans and i had to pay it back BOOM paid off all at once. Fuck those freeloaders. Make them pay it back plus more interest.
"You were young, naive and tricked? Too bad, so sad. You are forever our debt slave. Pay up, bitch."
I say fuck them all. They've stolen more than enough that none of us should pay anything back. We should have stopped paying our mortgages during covid.
They need to learn a lesson and working hard they will get through it. Life is not fair by any stretch and advocating for "forgiveness" in a loan they took out and signed their name to the terms of is not something I'm onboard with. Life is full of hard lessons and this is one of them.
I know this is unrealistic, but the universities that give out degrees in nonsensical programs should bear some of the cost, instead of foisting it off on taxpayers. If you cannot find a job in your degree then the University should pay part of your debt. How much do the professors and university staff earn. I know many of the universities also get huge amounts of money from alumni in many cases.
I worked my way through college and earned 3 degrees with zero debt. However it was way more affordable back in the 70s. The prices universities are now charging for a degree is a travesty. Education should be way more cost effective for young people just starting out. Plus, what happened to parents saving for their children's education. I partially paid for my son's education, my daughter waited and put herself through school (long story). Without some accountability on parents, students and universities this system is doomed to fail.
At a minimum, any debt forgiveness should include an enforceable prohibition on taking on any future debt for a given time (suggested 8 years). Also, under current law forgiven debt immediately becomes taxable income.
Hey fk it man, everybody else got a free lunch. How bout some gravy for ACTUAL Americans. If it crashes the system all the better
Trump should take the winds out of their sails and propose a universal jubilee. Student debt, mortgages, car loans, whatever. Make them scramble to explain why that would be bad, but student loans would be good.