Mike CernovichVerified account

How about getting government out of higher education. Look at cost of higher education and notice when government started getting heavily involved... that’s when costs started really going up.

Some factors to consider: What percentage of the student's loan was used for education and living allowance versus what percentage was used for personal enjoyment. What fields of study have the highest debt ratio and why?

Agreed..But If first debt cleared moral risk is removed. So next round of lending if not privatized will likely be abused as well.

Is it too much to ask that the take risks with their money and not mine?

Working and paying off your debt is an economic boom. Why are all these kids who claim to be republican want to shuck their college debt? You borrowed it!!!!! Just like I borrowed my car loan. You knew what you were borrowing. Just like I did with my car loan.

Not by forgiving debt. They made a choice when they signed on. The idea is to pay off over time. I could travel a lot more if I didn’t have a mortgage (2) maybe we should pay that off too. I’ll spend those tens of thousands in travel and boost the economy. Same argument Mike.

If everyone would stop attending these over priced colleges and instead went to their 2 state college first then these 4 year colleges would take notice. Basic supply and demand.

When you make a commitment it is your responsibility to honor the commitment. If you can not, isn’t it your responsibility to renegotiate the contract? What right does the government have in negotiating your contract?

Sorry, they shouldn't be risking it on our dime, and certainly not on unbankable careers in __________. (fill in the blank.)

It is their responsibility to pay back their debts. They made the decision to borrow it, its its their own responsibility to pay it off in full. Sorry, but the taxpayers shouldn't be forced to pay for it

There's tens of billions of dollars in university endowments across the country, if funding is needed to pay down debts owed by people who took out ridiculous loans for useless degrees its time to till tap the college endowments

Even if you don’t feel that it’s a detriment to the young adult having there poor decision magically erased, all it does is allow colleges to ramp up costs. Then I suppose we will have to nationalize them to make sure the costs stay reasonable, see where this goes?

I think the reform that needs to happen is government needs to stop giving us loans. If students have to actually pay for the schooling they want, the prices will drop significantly! Plus it will teach the youth to stay away from debt.

And besides the banks got a bailout