Biden wants to but I ask what did student loans ever do to students to need forgiveness? When the loan balances are canceled, do the degrees the loan paid for also get canceled? Oh no! My doctor is now just a guy like me ! Also, the Dems are saying that these loans were agreed to by people too young to understand the obligations involved. These are the same people who say that a four-year-old can choose their own sex.
This is another good discussion topic, and one that I have been reading about lately, especially on Twitter. I think that there re at least two problems with the college loans agenda. First, it costs so much money to go to college now that people , unless they have rich parents, need a loan to go to college. If they are going to be a doctor, attorney, or some high-paying profession, then they can repay the loans; but some students pick a profession which has no chance of ever providing enough work or money to pay off the loan. The second thing, is that the people who Biden wants to pay off the college education loans, are for the most part, people who went into trades, and not college themselves. So, the electricians and plumbers should pay for the college education that someone else had and they didn’t. I remember (many years ago) college educated people out working in the hops fields as common , low-paid laborers. They all thought they were better than the rest of us who hadn’t been to college, but admitted that they could not find jobs in the area which they had studied to work in; so they had to resort to whatever work they could find that paid wages. Also, as you mentioned, @Dwight Ward , people are allowed to sign for college loans right out of high school, and it is a large loan, maybe over $100,000 now days. However, if that same person asked for a $20,000 business loan to open up a mechanic repair shop, he would be refused, even though he was much more likely to be able to repay back that loan through his business.
If the student is applying to college, they should have the brains to read an agreement before signing and understand that contracts are legally binding. This is just another pandering moment for the floundering democrats to try to win mid-term votes. Unfortunately it will be paid for by you and me and the rest of the American taxpayers.
When it’s calculated that 45.8 MILLION people still owe on student loans, forgiving those loans will garner a humongous amount of votes for whichever party is dumb enough to enact such a thing. I write “dumb enough” because among all the other indoctrinations that students absorb in colleges and universities, learning that a contract isn’t a contract and that borrowed money really isn’t borrowing will be another negative facet in the characters of our students. To me, they wanted to go to a college or university and obtain a degree in whatever so let the price fit the choice. There are consequences to choices and the lessons learned from the experience will be beneficial in the long run. There can be no price tag affixed to good character because it’s priceless and good character comes from good thoughts being put into good action which creates good habits culminating into a person of good character. On the flip side of that coin are the people who have paid off their loans and are threatening to sue for some sort of equity if indeed there becomes a working initiative to forgive student loans.
@Yvonne The second thing, is that the people who Biden wants to pay off the college education loans, are for the most part, people who went into trades, and not college themselves. So, the electricians and plumbers should pay for the college education that someone else had and they didn’t. Great point that I missed entirely. There are too many smart women on this site. Smart women scare me. Does anyone know of an internet forum where the women are on the slow side and will believe whatever I say?
On the flip side of that coin are the people who have paid off their loans and are threatening to sue for some sort of equity if indeed there becomes a working initiative to forgive student loans. I need to join the aforesaid group. When I had a good paying job as a programmer I paid off $30,000 in student loans, all because I wanted good credit like the 'respectable' people.
I don't want to pay off any kids' student loans with my taxes or otherwise. Or their credit card loans or their rent or their welfare. Some things are good as temporary safety nets (short term food stamps or rent.). But if you sign up for loans, KNOW that you must pay them back! I was very angry when my renter lost her job because she did not keep her employer apprised of her bout with covid. I told her she could throw a rock and hit another job around here. But she went and applied for a covid program which paid for 4 months of her rent. She always seemed to be living hand to mouth. She was only a temporary renter till my daughter came. So, for me it worked out but you guys paid her rent. And everyone will be paying for the inflated student loans eventually. Even those who didn't go to college.
Biden's "pledge" that he made during the campaign was to forgive student loans. Many young people voted for him just for that reason and felt betrayed when that wasn't one of the list of things he did to destroy the country on his first few days in office. His lack of thought in the process will lead to more inflation even if there is a cap on the forgiveness. This situation was created by Clinton (making much of college expenses tax deductible to buy votes just as Biden intends) and the take-over of college financing under Clinton and Obama. Bush was too busy starting wars to worry about college. Once the expenses were deductible, the college fees rose dramatically and professors at many institutions received big raises and the endowments were increased by the fact that they weren't being used as much to finance scholarships. I have read a conservative alternative that would forgive the INTEREST on college loans but not the principal, so former student would still have to repay the money borrowed, but would not be stuck in eternal servitude. That would have much less impact on the level of inflation and students who had already paid off their loans would be allowed to deduct the interest they paid from their taxes over time.
If a person can't afford to go to college they FIND other means to "make it".....I did and MOST of my generation..... Biden continues to offer the moon to build the Dem base..... Beth: Is the avatar You? Now or when younger or is it even you?
Yes, that's me. I think that was in 2018, so 4 years ago when I signed up here. I still look pretty much the same except I lost all my hair last year during cancer treatment. This is me in my chemo wig... My hair is about 3" long now and all gray. I'm not coloring it any longer.
Beth, you are one of the youngers here???? On the other hand I'm probably the oldest. I could not open the Image you posted. Thanks.
I'm not young by any stretch, but thanks. And to get back on topic, I still don't believe student loans should be forgiven. Just more ridiculous pandering by the left.
Like many of the partic Like many of the participants here, I had access to the state university that was free of tuition for in-state students. My PHD is from a university in Austria, where, as a foreign student I did have a tuition. My weekly beer bill was more than each semester's tuition. Natives had no tuition, as is the case in most other countries. Another thing that makes me wonder. I get my care from the University of Florida hospital. I notice that many of the physicians there are foreigners.