What's your take on student loan forgiveness?

Not your political take on it, but your gut level instinct take on it.

My take on it is that we need to do something about the cost of education, consider even if there should be for profit learning institutions and if so, how can we bring the costs in line with the realities of life for those struggling (financially) to get an education.

This 10 to 20k forgiveness program is fine, even in many cases needed, but I think it should be only the first step in a radical overhaul of higher education in the United States.

EDIT:

If you bring politics into the discussion I will delete your comment. If you start using labels, or start throwing insults, I will delete your comment.

This page is a permanent link to the reply below and its nested replies. See all post replies »

justanothername · 51-55, M

My take is that in theory is a reasonable concept but in practice it doesn’t reap any real financial gain and in reality when you apply for a student loan to study a course you expect to be riddled with debit for the foreseeable future.

Ontheroad · M

@justanothername Okay, but when you say "it doesn't reap any real financial gain", I fail to see how that is true. Doesn't reap gain for who?

justanothername · 51-55, M

@Ontheroad The government, basically any government who offers it to students.
It’s definitely a vote grabber.
Some students will pay their loan back, some will get qualified in their chosen profession then shoot off overseas and earn big dollars while leaving their debt to languish and grow at home and other students will get qualified, get a good paying job and gradually pay of their huge student debt over many years while trying to save for a house.

Ontheroad · M

@justanothername Ummm, okay. I guess what I'm gathering is you disagree with the idea of a loan forgiveness program? Some will leave, which is true, but that is a very small number. The rest will pay off their massive debt over many years while struggling to save to buy a home... and you are okay with that?

justanothername · 51-55, M

@Ontheroad I’m kind of undecided. It’s a 6 of one and half a dozen of the other situation.
The main benefit is it’s a vote grabber which is its intention.

Ontheroad · M

@justanothername As are 99.99999% of ALL moves by ALL politicians.

justanothername · 51-55, M

@Ontheroad Of course, otherwise how do you win votes?
Politicians tend to promote policies that they feel will win voters.

Ontheroad · M

@justanothername Which, in my opinion, is why we term strict term limits.