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.
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.