the problem with our government ‘forgiving’ student loans is not only that many struggled for years to pay their debt off, and expecting them to now pay off someone else’s debt is unfair. it’s that colleges should be held accountable for this.
The problem with forgiving student loans is that it interferes with the messages the job market is trying to send future students about how much different degree programs are worth.
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The problem with being unforgiving is that ...
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its not being forgiving/generous, if it is somebody else's money
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There are also clear problems with doing nothing though, right? What do we say to those with $120k+ of debt who can't escape it at all? IMO, if you've paid 1/4th of it, what if we reduced the interest rates to 1% or something super small?
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It seems to me anytime you pick arbitrary numbers you end up with an unfair experience for some
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I don't think it does that. Unless you plan to keep forgiving loans in the future. Forgiveness should be tied to a system that reforms how lending occurs; the goal is not to repeat it.
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Call student loan forgiveness a one-time economic stimulus. After all, we bailed out banks, auto industry, Wall St in 2009 after they acted recklessly. But we shouldn’t bail out young people b they’d fail to learn an economic lesson?
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Because "socialism" or whatever nonsense people want to call it. Loan forgiveness at this stage is just good economic policy and a necessary investment into the country's future.
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But that in itself is hilarious because most companies in the US now don't care about college degrees. ( The software side). They care about output.
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Different perspective: Most college degrees are equally worthless For the vast majority of students, the only message they're getting from the job market is "you didn't study math or CS"
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isn't that the same perspective
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