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clyde
Lv 4
clyde asked in Politics & GovernmentPolitics · 5 years ago

Hillary basically wants to forgive college debt. Does it work that way in the real world?

12 Answers

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  • Kini
    Lv 7
    5 years ago

    The federal agency guarantees the loans and banks underwrite them. In order to reduce or forgive some of that debt, where does the money come from to pay off the student loans? At least Bernie had a plan for free college tuition but raise taxes on the wealthy. So Hillary will have to do that but Congress must approve that. It remains unknown. She is promising something that may not happen.

  • ?
    Lv 4
    5 years ago

    Children were duped into paying a lifetime of student loan debt with no jobs available to make the payments. Then they get bad credit and their work situation goes from bad to worse. If Bush can bail out the banks, if Puerto Rico can be forgiven for billions, if we can pay war reparations to Iraq, then why the hell cant we forgive student loans?

  • Mike S
    Lv 6
    5 years ago

    There's no reason the rules of the "real world" can't be changed.

    What's wrong with supporting the citizenry as opposed to the elite?

  • Sally
    Lv 7
    5 years ago

    No, it's not about forgiveness of debt. You need to read her position on her website so you are more informed.

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  • justa
    Lv 7
    5 years ago

    It would be part of the real world if we wanted it to.

    There is no biblical commandment that says Thou shalt graduate with crushing debt.

  • ?
    Lv 7
    5 years ago

    Nope. There's no "forgiving debt". She'll be passing the cost of educating doctors and lawyers onto waitresses and factory workers. Doesn't that sound fair?

  • Anonymous
    5 years ago

    Our government bailed out crooked Wall Street corporations after they flushed the world economy down the toilet in 2008. So, I see no reason why our government couldn't bail out students now.

  • john
    Lv 5
    5 years ago

    No. In the real world, nothing's free. Someone has to pay for it.

  • 5 years ago

    Yes. Many countries have free education or at a truly reasonable rate (i.e. 2000 per year). Educate yourself then try again

  • Anonymous
    5 years ago

    sure, it's called investing in your kids' futures. encouraging higher education like that would be one of the best uses we could make of tax money.

    hell of a lot better than spending stupid amounts of cash on a poorly designed fighter plane, that's for sure

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