I chose a lower paying job in lieu of going to college and taking on debt. I’d support writing off the debt if the debtor has paid in the loan amounts worth as if it was zero interest, but making it all written off isn’t right by anyone who chose the route I took.
I don’t know what proposals you’re looking at but you might look again. That wouldn’t happen.
Of course since we’re trying it piecemeal instead of systematically, there are many versions of this. But I see prerequisites like already being on income based repayment, ten years perfect record of repaying, up to $10k. There is no wealthy person fitting criteria like this nor would it write off any significant portion of private school tuition.
All I know is that my ex is still paying off her student loans as a teacher, decades after graduating. If we were still married, we shouldn’t/wouldn’t qualify, but as a teacher with limited income she should
You sound like you want to be the special one who gets something to make your own screw up go away. “I didn’t know what an apr rate was when I took on $80k in a loan to get my studio arts degree”
Further, I’m not against making future college free for anyone who wants it. I’m just against bailing out everyone who willingly and knowingly took on large amounts of debt as their own choice, even when there were other viable options not to.
I chose a lower paying job in lieu of going to college and taking on debt. I’d support writing off the debt if the debtor has paid in the loan amounts worth as if it was zero interest, but making it all written off isn’t right by anyone who chose the route I took.
Should we stop trying to cure cancer because it would be unfair to all the people who already died?
“Millionaires want free money” BOoOoOOO! No way!
“College alumni want free money” Yay! This is totally cool and fair!
You want me cool with wiping off $80k, give everyone else who didn’t go $80k.
I don’t know what proposals you’re looking at but you might look again. That wouldn’t happen.
Of course since we’re trying it piecemeal instead of systematically, there are many versions of this. But I see prerequisites like already being on income based repayment, ten years perfect record of repaying, up to $10k. There is no wealthy person fitting criteria like this nor would it write off any significant portion of private school tuition.
All I know is that my ex is still paying off her student loans as a teacher, decades after graduating. If we were still married, we shouldn’t/wouldn’t qualify, but as a teacher with limited income she should
You genuinely sound like a toddler throwing a fit right now.
You sound like you want to be the special one who gets something to make your own screw up go away. “I didn’t know what an apr rate was when I took on $80k in a loan to get my studio arts degree”
Having educated and debt free youth is the only way the US is going to remain relevant in the world economy.
“Crabs in a bucket” arguments like yours really just illustrate how the US has got to the point we are at right now.
Your argument is akin to trickle down economics.
Further, I’m not against making future college free for anyone who wants it. I’m just against bailing out everyone who willingly and knowingly took on large amounts of debt as their own choice, even when there were other viable options not to.
Cool. All the future doctors and engineers can do the same thing, right?