Student Debt Cancellation

LOL, WUT?

Forgiving debt now IN NO WAY stops Congress from funding education or from future administrations from forgiving future debt.

It is literally the only tool Biden will have in this arena. Are you seriously arguing he shouldn’t use it?

No not at all. But unless future cancer is mitigated, nothing is accomplished.

You realize this is the same ‘gotcha’ as Republicans posting links to 31 USC 3113 whenever someone talks about raising taxes, yes?

https://uscode.house.gov/view.xhtml?req=(title:31 section:3113 editionrelim)

Are you drunk this early or just arguing to argue?

All the folks WHOSE CANCER WAS CURED would disagree with your assessment that nothing was accomplished even if more folks got cancer later and the same cure had to used again.

It is unconscionable to let students borrow $50,000, $100,000, or more to pursue education in a field unlikely to generate sufficient income to pay back the loan. Yes, you should be able to borrow $200,000 to become a doctor. But $75,000 to get a degree in Renaissance poetry? Fuhgedaboutit. You can go to a community college and/or a public library for that.

Since there'd be no collateral and great difficulty paying it back, no private lending institution on its own would ever grant such a loan. You need government backing for that kind of recklessness.

And, of course, the government only does this to feed the educational establishment machine. Gotta keep that money coming! And anyone who objects to this lunacy will be met with "Why don't you want kids to be educated?!? " I'd ask: why do you want kids enslaved? They'll be on the hook for years, unable to buy a home or start a family under the crushing weight of loans they should never have received.

Now, having created the problem, government will step in and offer a salve: student loan forgiveness! Great idea! Let's foist this off on the taxpayers! But do something to turn off the exploitive machine? Never that, never that...

Sorry, I should have said, "Unless future cancer is mitigated, even more will die."

fuck me. I agree with P. Except I'm all for a salve, as long as it pays those of us that paid the bill already, and your taxes pay for it.

It happens.

Curing the folks with cancer now in no way precludes using the same remedy later so I’m not sure your point.

Do you think Biden should forgive 50k in student debt per person or not?

I'm not for the salve, because it alleviates a symptom, but does nothing to curtail the disease.

Not if we are promoting cigarette smoking among 18 year olds.

fuck me twice. I was being facetious.

I'm for allowing bankruptcy judges more latitude, just like we give the big guys.

Interesting.

I didn’t have you down as a ‘I paid mine* fuck you’ type but considering your age cohort it makes sense.

*You didn’t actually fully pay yours. The same tax payers who would pay to forgive younger generations’ debt more fully funded education back in your day, but hey, ‘muh taxes’ ammaright?

My wife and I paid about $250K in tuition, room and board, and fees, over the last 10 years. Sucks to have merged families with school age kids. We got Film Arts, Psychology, English and Economics covered. Sucks we planned carefully and didn't let them get in debt that could be forgiven.

I'm not decided on whether the loan forgiveness is the right way to go or not.

But I definitely think that some systemic changes need to be made. The price of university level college education itself is fairly ludicrous.

It's driven by guaranteed loans. That won't change if we forgive the loans.

I think a lot of people that go to college are wasting their time and money anyway. Not everyone needs to go to college.

A lot of people do it simply to delay entering adult life or to fulfill family expectations or to join their friends.

And for many disciplines, the time and cost of a university degree is simply a bad economic exchange. Sure, if you want to study some obscure subject without meaningful prospects in the job market, be my guest...just know what you're getting into.

Oh, my bad for mischaracterizing your position.

‘I paid for my kids, fuck yours.’

Gotcha.

In your case, your alma mater should give YOU a refund... "your's"? Really?

I'm so disappointed in your apostrophe fail.

Fixed, thanks.

I just keep shaking my head.

I don't know how people can apparently say with a straight face things akin to:

It's ok if you get prostate cancer or breast cancer or something and you get this cure. But if you have lung cancer, that was your decision to smoke all those cigarettes. Why should we bail you out?

Well, what about all those people who had cancer and died? We don't want to treat or cure cancer for people who have it now because it would be unfair to those who have died. Unless we can bring those people back to life, forget treating or curing cancer with the tools that we have at our disposal.

OK, so we can perform lifesaving treatment for a bunch of people who have cancer now, but since people will get cancer in the future, fuck that. Treating these people who have cancer now doesn't make a bit of difference unless we eradicate all future cancer.

I seriously don’t get the completely self centered attitude of boomers.

When my eldest was born I was just out of the Army and working a contract gig, so I took 2 weeks unpaid leave.

Nine months later I got a decent permanent job. Since I knew we wanted another kid and I wanted more time after delivery I didn’t take any vacation for 3 years to save up leave. I also didn’t take any sick leave. No matter how I felt I dragged myself to the office and made my boss send me home so they had to pay for it.

When my youngest was born I had enough leave to take four weeks full time and then four weeks 20 hours.

A year and a half later when six weeks paid parental leave was before the Seattle City Council did I oppose it because of the years I had had to save up for my kid’s leave?

Of course not because I’m not a fucking prick. In fact I took MORE of my time off to go to City Hall to give public comment in front of council in support!

You fucking olds...

The question should be "why is adult life defined by work?".

Adult life should be defined as "taking responsibility for your own life." A person who lives without taking responsibility is living the life of a child, not an adult.

If you go to college simply to avoid having to face the realities of adulthood, you are delaying taking responsibility for yourself. And, if you're doing it with massive amounts of borrowed money, you're making your inevitable entry into adult life that much more difficult.

Wait.

I just remembered you live in GA.

Does the HOPE Scholarship not give you free instate tuition to any public school and 10k a year to a private school in the state if you have a B average overall and a B in Math and English while going to a GA high school?

That was the case when I went to high school in GA.

Because of it Zell Miller could have been caught in bed with a dead girl AND a live boy and still been elected to any office he glanced at.

If the cause isn't addressed at the same time, it's no fix just a band aid.

Yes, it will annoy me to learn we could have run up student debt, bought our dream vacation home, and had the student debt forgiven.

No. It pays about 80% of tuition. That's about $6k per year depending on the school. So you're left with $1k. Fees are about $3k. Room and board about $12k.

$16*4*4=$256k. 3 of them went an extra semester, and 1 lost the scholarship so it was quite a bit more.

Then there's all those fucking text books they customize for each school and change every semester.

If there is a Republican Senate then the only option is a bandaid.

Do you put the bandaid on those who are bleeding or would it be unfair to this who were hurt before or might be hurt in the future?

There's nothing complicated about it; even a kid like you should be able to understand:

When you're the best there ever has been or ever will be, flout it!