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Correct answer. A debt is a debt and should be paid and not transferred to me.
Trump filed bankruptcy 6 times to avoid paying debt. Plus Trump has a history of stiffing contractors and anyone else he owes money.
Any debt except taxes and student debt owed to the federal government can be dismissed via bankruptcy.
Mark B, what does Trump filing for bankruptcy have to do with the Supreme Court ruling? Let me also point out that approximately 450,000 Americans file for bankruptcy every year, a process governed by Federal law, much like the tax code. Regarding the Supreme Court ruling, Congress is responsible for passing any spending measures. The President does not, and has never had, the authority to spend without Congressional approval.
All student loan debts should be forgiven. This will give Kamala Harris a bit of a boost in the election. Plus, the forgiven debt should not be taxable unless the student votes for Trump.
“This is a recipe for chaos across the student loan system” – Good!! The value of a college education is overblown. The ROI for most degrees isn’t there yet tuition prices continue to rise. Until the government stops handing out “free” money to 18 y/o this problem won’t go away. Maybe colleges should loan there endowment funds to students and keep everything in house.
You are agreeing with both sides of the issue here. I agree the value of a college education is overblown. But no one is holding a gun to student’s heads making them take out loans for degrees they aren’t ambitious enough to utilize.
And it would only take $16/hour to be above the income level to make loan payments required. People could make that at McDonalds! They could get a second job to pay their loans.
If they signed for the loans they need to repay them. If I signed for a mortgage and didn’t make the payment I wouldn’t get to keep the house because I couldn’t make the payments.
JM R. I agree but the analogy you provided is different. A mortgage lender would never give a loan to an 18 y/o with little to no credit, little work experience, or no assets as collateral. Yet the government continues to hand out student loans like candy. I know because I went to college, ate the candy, and slowly off my loans. That included $$$ from my parents help for first 2 years.