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You promised to pay when you requested the loan, so pay up. I don't have to pay for your loan either in my taxes or via inflation. Honor your commitments like most do.
Accenture 1. I agree. We should all take personal responsibility. But can’t deny a systemic issue when I see one. If the US has an obesity problem and no other developed nation does, that’s a systemic problem that needs to be dealt with at a high level.
Yea I am sure that there is a reason for that too. They only do things that will benefit them so if they are blocking it then there is a bigger reason.
How about instead of bailing people out, make things like education affordable. Why should a degree cost $100k and take some 20 years to pay off? That's what sets me off.
Exactly any bailout is pointless without real reform in the whole system…. No degree should cost as much as they do and the majority of that is from administrative bloat at colleges and universities…. I think if they’re gonna be that expensive then institutions providing the loan should be more selective on the application process and not just hand out thousands to someone who will never be able to pay it back….. while everyone should have the opportunity to seek a degree not everyone needs a degree or should go to college and if they do they need to be cognizant that if they are taking loans they have to pay them back and should select their degree program accordingly….. there needs to be more scholarship opportunities so that less people need loans etc….. the bottomline is bailouts or forgiveness are pointless without total system reform.
I am not coming from wealth, I pursued grad education with a student loan as my only option to increase my earning potential. This investment led to a significant increase in my tax payments, benefiting the government and taxpayers. While I am ok with repaying the principal with adjusted inflation, I find the high interest rate, double the inflation rate, unfair.
PPP Loan cancelation was nearly double the cost of student debt cancelation
Yes, and most of the businesses who got the PPP loans and later had them cancelled didn’t even need them in the first place! PPP loans were supposed to be for small and medium sized businesses to keep them afloat and paying their employees but corporations were allowed to game the system and got off Scott free but everyone is so concerned about helping who felt like they had no choice but to take out student loans when they were 19 and agree to terms they couldn’t possibly understand.
Your stupid decisions are not my financial responsibility grow up and get a life
KMPG 1 it’s not my personal issue if you were one of those ignorant enough to sign yourself into debt you couldn’t afford for a useless piece of paper. I suffered through a physics degree and enlisted in the army because I knew it would pay off for me and benefit me in this job market. NONE of the taxpayers should have to pick up the flack of stupid people’s decisions. “Education” nowadays is very useless in many cases so just go blue collar. Life isn’t fair. Same goes for the people who made fake LLCs and such so they could scam PPP loans. I hope they get prosecuted with the fullest extent of the law.
Pro
I don’t remember liberals forgiving my loan
Pro
They tried = they failed. Let’s stop defending liberals just because they are not republicans.
Attorney 1, you stated some valid points. That does not justify getting other people (tax payers) to pay for the loans. Did you do anything to bring up, expose, or fight what you said? Tuition strike, maybe? College students let themselves be manipulated in fake social activism, often promoted by the universities, so that they are busy with that and don't look at how rotten the universities have become.
The government bails out large corporations all of the time and the larger the corporation, the less taxes they have to pay, which shifts the burden to the tax payers. Allow, students loan forgiveness wouldn’t actually affect the tax payers at all, that is a right wing lie. When I started college I had no money and my parents couldn’t help, so my choices were to take out student loans or not go to school, mind I went to community college for the first two years to offset the costs. I got my undergrad and later a masters which is required to be successful in my field, I’ve been paying close to $500 a month for the past 10 years and I have barely made a dent because the interests are out of control and my loans keep sold off to other companies. I will be paying my loans off until I’m in my 70s, I won’t be able to afford a house or family or retirement. Student loan forgiveness wouldn’t hurt the tax payers but it would stimulate the economy, thousands of people will suddenly have more to put back into their local economies which helps everyone.
Pro
You just said that it will stimulate the economy (I agree) but you failed to explain how this won’t come out of tax money. The government has to either print more money (causing inflation), or increase taxes to pay for anything.
A looooooot of salty privileged folks in here. Wish i had a rich mommy and daddy to pay for my education.
Sure, everyone should be happy and excited to pay bills others' freely committed to pay back.