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“the congressional resolution “increases the yoke of student loan debt and sets up borrowers to fail”” The students should have thought of that when they borrowed the funds. Nobody forced them to borrow the funds.
But it’s cool when already-wealthy business owners take out gigantic loans (to the tune of millions of dollars each for many of them) from the Federal government and have them forgiven, right? Always helping those who already have the means to help themselves. Repayments for thee, but not for me…
Yes – because somehow we are legally allowing 17 year old minors to sign up for crippling debt.
We set our working class citizens up to fail and call it irresponsible?
Don’t be obtuse Anthony – student loans are predatory and the government gets to change the rules to whatever suits them
So let’s fix the loan program–not forgive debt that someone signed a legal contract to pay back. If I take out a mortgage and don’t pay it back, the creditor will take my home back. Forgiving the debt doesn’t fix the problem. It is grossly unfair to those of us who WISELY didn’t take the 4-year on-campus experience because we didn’t want the burden of the payments. Nobody held a gun to these people’s heads and made them sign up for what they borrowed.
Most Americans would be good with low-interest loans; no compound interest; and even making the payments a bit smaller and stretched out over a longer period of time. And there are people who are upside down with their loans due to compound interest–those people should get some relief.
American needs to get back to being fiscally responsible from the ground up.
Unless the votes went Biden’s way, this vote means noting. SCOTUS has already decided they will take up this issue.