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Just quit it with the loan forgiveness.
College has always been a choice. Along with the choice of which school to attend.
There is no such thing as loans being canceled rather they just get shifted to actual taxpayers to repay.
Time to reimburse me for all the tuition payments I made that I didn’t take a loan out for but worked to pay during school. Maybe throw in a few vacations and nice things that these students use their loan money for also.
I’d like my mortgage canceled. Pretty please!?
My mortgage identifies as a student loan. Can I get relief too?
Negotiators are being asked how the agency should help:
— Borrowers whose interest grows so much that their balances exceed what they initially owed; I AGREE–THIS GROUP SHOULD GET SOME ASSISTANCE AND CURRENT PROGRAMS SHOULD BE MODIFIED TO PREVENT THIS FROM HAPPENING.
— Those who are eligible for loan cancellation under existing income-driven repayment plans but have not applied for those programs; WHAT IS THE EXISTING INCOME-DRIVEN REPAYMENT PLAN THAT MAKES SOMEONE ELIGIBLE TO CANCEL? THAT LIST SHOULD BE VERY VERY SHORT.
— Those who borrowed loans to attend college programs that didn’t lead to jobs with enough earnings to repay their loans; IT IS NOT THE TAXPAYERS PROBLEM THAT SOMEONE GOT THEIR COLLEGE DEGREE AND THEN WERE NOT ABLE TO CAPITALIZE ON IT AND EARN ENOUGH TO PAY THEIR LOANS BACK. YOU DON’T HAVE TO WORK IN THE FIELD OF YOUR DEGREE. JUST FIND WORK.
— Borrowers with older loans taken out before Congress created benefits meant to ease the burden of student debt; CONGRESS SHOULD LOOK TO THE UNIVERSITIES TO REDUCE STUDENT LOANS/DEBT. THERE IS SO MUCH MONEY IN COLLEGE SPORTS AND OPPORTUNITIES TO PARTNER WITH LOCAL BUSINESSES. UTILIZE SOME OF THAT TO DECREASE ROOM AND BOARD AND TUITION.
— Those who face hardships “that the current student loan system does not adequately address.” THE ONLY THING THAT SHOULD QUALIFY AS A HARDSHIP IS A MEDICAL CONDITION AND/OR MASSIVE MEDICAL BILLS FROM AN ILLNESS. THEN WE SHOULD BE FORGIVING THE MEDICAL DEBT–NOT THE STUDENT LOANS. DO PEOPLE THINK IT IS EASY FOR ANYONE TO PAY THEIR STUDENT LOANS?
It also asks negotiators to discuss the types of factors that would merit loan cancellation. The paper notes that, when deciding whether to collect on debt, some other federal agencies consider whether it “would be against equity and good conscience,” or if it would “impose financial hardship.” THE ONLY THING THAT SHOULD QUALIFY AS A HARDSHIP IS A MEDICAL CONDITION AND/OR MASSIVE MEDICAL BILLS FROM AN ILLNESS. THEN WE SHOULD BE FORGIVING THE MEDICAL DEBT–NOT THE STUDENT LOANS. DO PEOPLE THINK IT IS EASY FOR ANYONE TO PAY THEIR STUDENT LOANS? OF COURSE A LARGE LOAN IS A HARDSHIP. DUH!
Everyone who objects to this is primarily doing so because they aren’t receiving the benefit and somebody else is. Get over it. If the loan forgiveness applied to you, you would be totally fine with it. The same old what’s in it for me? Try empathy instead of anger for a change. Btw, I have nothing to gain from this program as I went to college in the 70’s when education was affordable and considered to be a good thing. Like in most advanced countries, education (academic or trade) in the US should be free or close to it.
“Get over it,” says Greg to welders and mechanics and plumbers and brick layers. “The art history and women’s studies majors are more important to society, and just because they took out huge loans for a degree program that has no viability in the market place, it is up to you to use your taxes to subsidize their poor decision making.”
“Also,” Greg adds, “If you did take out huge student loans in the 2000s and lived frugally so you could pay it off before 2021, get over it as well. You made the responsible decision but at the wrong time. Get over it.”
Historically, products that people don’t pay for usually end up becoming garbage. Spain, by and large, has a completely subsidized university system. Outside of a few schools, the majority are so haphazardly managed that neither the students nor professors can often be arsed to show up for class. No incentive. Nothing at stake.
Ascribing value to a service like higher ed allows the buyer to have some skin in the game and elevates the chance that he/she will commit to the full terms and conditions of the purchase. It also forces the institutions to remain competitive. But for the last 40 years, that hasn’t happened so much as schools take the student aid and divert those allotments to plush buildings and more bureaucrats, rather than actually making the price tag of education lower. And the quality has plunged simultaneously. At this point, it’s hard to say whether an American or UK education (where it still has a price tag, albeit much lower in the UK) is any better than one in Spain. Or Sudan.