So people who don’t have degrees, or who didn’t get useless degrees that can’t pay for themselves should subsidize the morons who got degrees in gender studies, or underwater basket weaving, and what not?
I don’t think so.
I paid mine off so I get F-ed I guess.
There's that word again.
What about auto debt ?
I am all for it if it comes out of the endowments of the universities that exploited them.
Allowing universities to loan other peoples’ money with no responsibility for making sound loans is a crime in and of itself.
“held by 43 million American adults”
No, adults don’t whine to have debts that they voluntarily entered into wiped out because they didn’t think things through.
People who took loans and have already paid them off? — screwed
People who went to college and paid for it from savings and income? — screwed
People who didn’t go to college and just joined the workforce and now pay taxes? — screwed
Young people who haven’t gone to college and will miss this Jubilee? — screwed
Of course it’s a slam dunk. I don’t even need to read their rationalizations for why. Cut through the crap and the real reason leftists want to cancel student loans is because it basically subsidizes the university liberal indoctrination system.
By cancelling student loan debt, you are encouraging tuition rates to inflate even more.
So then the rest of us that have paid off or paid down the debt or that have saved and gone without to pay for our children’s education were fools. Lesson: your a fool to live responsibly. This is why socialist countries die in poverty.
This is complete bullshit.
Some of these adults who knowingly applied for and received loans, used the money for non-productive uses, ie, getting a worthless college degree for which there is no career path, need to either pay back the money they borrowed, or be allowed to default on the loan through a bankruptcy process.
These folks should have to suffer the consequences of their bad decisions. There is no legitimate case for a taxpayer bailout of these people’s bad decisions without serious consequences.
Others are simply finding it inconvenient to their lifestyle to be forced to repay the money they elected to borrow and for that my response is “tough, deal with it”.
Cancel the professors paychecks.
My kids ALL paid of their recent college debts.
And they get ?????
Oh, they could pay them off because they worked hard, got GOOD degrees, and earned good careers.
They are laundered money to universities, which then plow it back to progressive candidates' pockets.
Just another scam on uncle sam.
Yes, make the colleges pay off all student debt. They ripped them off in the first place.
The average loan amount for new cars is $32,480
Big chunk of student debt was used for party supplies, boose, marihuana. Many kids go to college to party, take debt and then end up without degree or with some useless degree and with lot of college debt.
Friend of mine took second mortgage to fund his son college, and turned out the son never went to any classes, just moved to some girl place and enjoyed himself.
As far as college funding US model of paid college somehow limits the student population - either you are exceptional, then you usually get full ride or you have to pay.
Socialists give you free (free tuition only! most US socialist can not believe that free college meant only no tuition) college, but then they have to limit spending by not letting most student in.
If the socialists take over, be ready that maybe only 5%-10% high school graduates will make it to college.
The useless degree will probably be eliminated altogether.
Eliminate “ student loan debt “ from the headline, and you’ve got your answer.
Eliminating “ college “ altogether is the far more prudent solution.
Nothing like completely insulting those of us WHO PAID FOR OUR EDUCATION out of our earnings/pockets.
Would make me wish to NEVER do any business with anyone who got their loans cancelled. Total Boycott.
Or only cancel the loans of those who received degrees.