We pick up the tab more if these students default, are saddled with judgments they can’t possibly pay, and cannot get decent work as a result. This, along with the huge losses caused by their unpaid and unpayable debts, will be a body blow to the economy that will dwarf the 2008 mortgage debacle. Besides, debt is debt. It’s just not right to have some kinds of debt undischargable (save for debt caused by willful torts like assault, etc.). Best to have them cut their losses now and be done with it.
Can anyone get on the debt forgiveness wagon? The idea of having spare money again is attractive.
Why not our entire debt as a nation? These interest payments are holding us back.
How would forgiving student loan debt help them get a job?
When debt is discharged someone else is left holding the bag. Discharging student debt will cripple the U.S. economy and no sane politician will allow it. If you think your prospects are bad now, just wait if these fools who govern us decide to forgive student loans en-mass.
Oh, those of us who are older and established have gone through many economic downturn cycles. We know exactly what you are going through. My advice to you is to get a job. ANY JOB. FYI I worked full time all through college and lived at home. Graduated with some debt but paid it all off in five years. I chose a less expensive college close to home rather than ringing up big bills. Choices have consequences. Once you stop blaming others for your lot in life you will be set free.
When debt is discharged someone else is left holding the bag. Discharging student debt will cripple the U.S. economy and no sane politician will allow it. If you think your prospects are bad now, just wait if these fools who govern us decide to forgive student loans en-mass.
Oh, those of us who are older and established have gone through many economic downturn cycles. We know exactly what you are going through. My advice to you is to get a job. ANY JOB. FYI I worked full time all through college and lived at home. Graduated with some debt but paid it all off in five years. I chose a less expensive college close to home rather than ringing up big bills. Choices have consequences. Once you stop blaming others for your lot in life you will be set free.