Is it? I went to a state college to take advantage of in state tuition, commuted because gas for my Geo Metro 2-seater was cheaper than a dorm room, etc to cut my costs down to where I wouldn’t need to put myself in debt and got a small scholarship/grant (that in turn came with an in-state work commitment that shaped my choices after graduation). Other people my age made other choices related to college that landed them in massive amounts of debt that I avoided.
If I had known that I could borrow as much as I wanted and expect someone else to pay it off instead of being stuck holding responsibility for my debts, I likely would have made different substantially less frugal and less restrictive choices.
Tell, you what, nix an equivalent amount of my debts, and we’ll call it a deal. You don’t mind paying off my mortgage, right? Just because you didn’t take out a mortgage doesn’t mean you shouldn’t be responsible for mine, right?
I honestly have no problem with that. I think housing is actually more critical than student loan forgiveness. A debt driven payment to every American under a certain income threshold would go a long way towards repairing the dwindling middle class, and 99% of that money would go towards big businesses anyway.
That said, your individual experience is based on your socioeconomic upbringing and yours alone. You had opportunities others did not, even if they don’t feel like opportunities to you. Student loans were sold on a lie to every American high school age child, that the money would work itself out after college. Something no reasonable adult could actually believe to be true but no high school age child had the worldly awareness to doubt.
You buy a house knowing what your monthly payments are going to be. You buy a house on credit you spent a decade or more building. Multiple people have to sign off on you being able to repay that debt and even those are thrown around like candy. Giving 100,000 dollars to a teenager with no credit history who’s probably never had a job is irresponsible and crazy. It should fall on the debtors to write that money off because they were crazy ignorant or stupid to expect it to be repaid in the first place.
To be clear, I don’t just want debt forgiveness. I want the college lending system rewritten entirely. I want debt forgiveness to those that need it even if that means my debts aren’t wiped out.
To be extra clear, I should not have been given that loan, 90% of the literal children signing for those loans should not be able to access them. But there is no other path to college for almost all of those kids, because college has become so unreasonably expensive.
False equivalent. People do not choose to have cancer, but some people chose poorly and took out loans they could not afford; that is on them.
What a horrible, uninformed and ignorant hot take.
Is it? I went to a state college to take advantage of in state tuition, commuted because gas for my Geo Metro 2-seater was cheaper than a dorm room, etc to cut my costs down to where I wouldn’t need to put myself in debt and got a small scholarship/grant (that in turn came with an in-state work commitment that shaped my choices after graduation). Other people my age made other choices related to college that landed them in massive amounts of debt that I avoided.
If I had known that I could borrow as much as I wanted and expect someone else to pay it off instead of being stuck holding responsibility for my debts, I likely would have made different substantially less frugal and less restrictive choices.
Tell, you what, nix an equivalent amount of my debts, and we’ll call it a deal. You don’t mind paying off my mortgage, right? Just because you didn’t take out a mortgage doesn’t mean you shouldn’t be responsible for mine, right?
I honestly have no problem with that. I think housing is actually more critical than student loan forgiveness. A debt driven payment to every American under a certain income threshold would go a long way towards repairing the dwindling middle class, and 99% of that money would go towards big businesses anyway.
That said, your individual experience is based on your socioeconomic upbringing and yours alone. You had opportunities others did not, even if they don’t feel like opportunities to you. Student loans were sold on a lie to every American high school age child, that the money would work itself out after college. Something no reasonable adult could actually believe to be true but no high school age child had the worldly awareness to doubt.
You buy a house knowing what your monthly payments are going to be. You buy a house on credit you spent a decade or more building. Multiple people have to sign off on you being able to repay that debt and even those are thrown around like candy. Giving 100,000 dollars to a teenager with no credit history who’s probably never had a job is irresponsible and crazy. It should fall on the debtors to write that money off because they were crazy ignorant or stupid to expect it to be repaid in the first place.
To be clear, I don’t just want debt forgiveness. I want the college lending system rewritten entirely. I want debt forgiveness to those that need it even if that means my debts aren’t wiped out.
To be extra clear, I should not have been given that loan, 90% of the literal children signing for those loans should not be able to access them. But there is no other path to college for almost all of those kids, because college has become so unreasonably expensive.