That's how you take down a dragon. Your daughter would be proud, I imagine. Hah.
If the giant banks can be bailed out, and financial institutions can borrow from the Federal Reserve at incredibly low interest rates, student loan forgiveness is a no brainer. Free the campus serfs!
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Should have let the banks fail. Occupy was taken over by students who didnt want to pay for their college the same way the tea party was co-opted by those against the ACA. Both started in agreement, no corporate walfare.
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why is there an overdraft fee if debt is a thing? isnt overdraft a clerical error on the banks side?
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What? Lol
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if you are poor and have 5$on your account. if you end up buying something for 6$ the bank charges you 50$extra for going over limit
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the*
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Interesting idea, I'd limit it to certain degree plans for full forgiveness and then hold any institution which doles out Fed Loans accountable for how they deal with free speech issues.
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Oh, Please let it be. College has thus far proven to be a very big mistake. I got me debt and no job.
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Since when do banks care about the well-being of its consumers? The problem is the lack of empathy. No wait, that's the fundamental basis of it, right?
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Do those of us who came before get our money back?
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So anyone can take out a loan irresponsibly that they don't want to pay back and it should be forgiven???
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I doubt Stefan means for there to be no other changes to the system (though I'll let him speak for himself, of course). Lots of changes are needed. We need to stop giving so many loans in the first place. But the no-default policy is a slave-minting policy.
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Debt is slavery and those loans are the chains
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Debt can be responsibly taken and given. The problem is that this system is not in that subset.
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What about people like me that worked 40-50 hrs per week while taking 9-12 hr semesters? It took me 7 yrs to get my bachelors! I could’ve just partied & prayed that society’s overlords might relinquish the damned? I could t been one of the damned?
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