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Do you think that forgiving student debt is a good idea?
Sure, if you are a recipient of the deal you would be for it. But how about all those who worked their way through college and payed for it without any loans. This is a smoke screen by the democrats to increase their future votes and nothing else. Who pays for it---- the taxpayers.
10 Answers
- Justin BLv 42 months agoFavorite Answer
I understand that student debt is a big burden, the rates are high, and cost of education is going up. BUT, people willingly signed the agreement to these loans, knowing they'd have to pay back the money. It's a legal agreement and nobody forced them into it. And someone has to pay back the lenders; that means our tax dollars pay off the loans that those people had agreed to pay themselves. Not cool.
- JamesLv 72 months ago
I suggest a bill to forgive $50 k debt for all Americans, if doing it for students would be a good thing, then this would be even better.
- 2 months ago
Forgiving student debt is just stupid. By the time people get into and out of college they should know about money. They should be able to figure out that you are going to be in perpetual poverty if you borrow $200,000 to get a useless degree.
- ?Lv 52 months ago
Dwight Enisenhower began the student loan program cause he felt America was falling behind in technology to the Soviets after Supnik. He felt that he would increase scitific output by tapping into the minds of the middle class. To answer you question it depends. I paid off my student loans but life happened and I ended up in other debt.
- marsel_duchampLv 72 months ago
I worked, got small scholarships, and took out loans. I have no problem with forgiving student loans. Especially since they are much more onerous now then when I took out mine. Why would I want someone to suffer just because I experienced some mild pain?
As for taxes my education probably boosted my income so that I have paid more in taxes than what my education cost many times over. So it is an investment not a give away. The GI bill did the same thing.
- ?Lv 72 months ago
First of all I paid mine. However, forgiveness of [government ], student debt has been around for a long time for teachers, nurses and government employees and some other non-profit organizations; if you worked there for a number of years. That is likely to continue.
Although it does not personally help me I support the idea of some forgiveness too; Biden has said it will be limited to $10,000. I do not see it going higher. I think overall, that is good for the economy because students/graduates who are burdened with debt cannot stimulate the economy at large by postponing everything for years, such as buying houses and cars. Individuals, not only corporations are entitled to some breaks.
- Anonymous2 months ago
Democrats have very bad ideas. They need to buy votes and cheat.
- busterwasmycatLv 72 months ago
It is as good an idea, probably (almost certainly) better, as an economic stimulus, than cutting taxes for the extremely wealthy.
I don't know that I would be for bailing out that widespread debt if the country had not already spent trillions bailing out banks for trying to cheat and losing back in 2008, or had not a scant few years ago gone into multi-trillion dollar debt to lower taxes on the extraordinarily rich. In light of those actions, though, forgiving student loans is just and proper, and will be more helpful both for the number of people that will benefit and for the general state of the nation, then either of those two other actions I use as justification.
- SteveLv 52 months ago
I'd rather my tax dollars go here than a foreign nation. I think it would be great for a young person right out of school to have it easier than I have. The tough things in life don't always have to be monetary.