because we want to help the right people. i want to help an immigrant mom who gets a degree to be a nurse.
i don’t want to help some entitled kid who got an art degree and refuses to get a job because it’s not cool for their ‘brand’ to have a job. If the loan forgiveness was contingent on this person getting a productive job then it would be different.
Incentives need to be structured and targeted to be effective. Throwing money arbitrarily at a problem and hoping for the best is not effective.
Well yes, I also agree, like anybody that’s just saying “throw away $1.6 trillion so that everyone can sing “Tra-la-La” all the way to the bank” should be put into a straight jacket and not listened to until they are heavily medicated.
But at the same time, I feel like the current system is too rigid, and too unforgiving, and too based in capitalism to actually be something that our society should continue using as-is.
I believe there should be changes in the interest structure of our student loan debts so that compound interest is not a portion of them, and that they should be charged in such a way that making 120 appropriate payments equals the debt is paid even if there is a small balance remaining.
I believe there should be release valves for the people who are so financially oppressed by the burden of their student loans that they cannot function at their optimum in society, and that using that release valve should be akin to declaring bankruptcy, it should have massive consequences that ultimately are lesser than the consequences of continuing to struggle to pay onerous student loan debt.
And finally, I believe that implementing these social resources, this restructuring of the way we handle student loans, would make America a happier place for the people like me and you who have paid off our student loans, or are successfully paying off our student loans.
We would have fewer, sad, upset, miserable people to interact with because of the student loan debt crisis, and that happier society would be our reward for the small percentage of our taxes that go towards covering over the mistakes of others. Not a blank slate, not us going into debt to help assholes, just making the world a better place for people that made stupid mistakes.
because we want to help the right people. i want to help an immigrant mom who gets a degree to be a nurse.
i don’t want to help some entitled kid who got an art degree and refuses to get a job because it’s not cool for their ‘brand’ to have a job. If the loan forgiveness was contingent on this person getting a productive job then it would be different.
Incentives need to be structured and targeted to be effective. Throwing money arbitrarily at a problem and hoping for the best is not effective.
Well yes, I also agree, like anybody that’s just saying “throw away $1.6 trillion so that everyone can sing “Tra-la-La” all the way to the bank” should be put into a straight jacket and not listened to until they are heavily medicated.
But at the same time, I feel like the current system is too rigid, and too unforgiving, and too based in capitalism to actually be something that our society should continue using as-is.
I believe there should be changes in the interest structure of our student loan debts so that compound interest is not a portion of them, and that they should be charged in such a way that making 120 appropriate payments equals the debt is paid even if there is a small balance remaining.
I believe there should be release valves for the people who are so financially oppressed by the burden of their student loans that they cannot function at their optimum in society, and that using that release valve should be akin to declaring bankruptcy, it should have massive consequences that ultimately are lesser than the consequences of continuing to struggle to pay onerous student loan debt.
And finally, I believe that implementing these social resources, this restructuring of the way we handle student loans, would make America a happier place for the people like me and you who have paid off our student loans, or are successfully paying off our student loans.
We would have fewer, sad, upset, miserable people to interact with because of the student loan debt crisis, and that happier society would be our reward for the small percentage of our taxes that go towards covering over the mistakes of others. Not a blank slate, not us going into debt to help assholes, just making the world a better place for people that made stupid mistakes.