Asking
Only logged in members can reply and interact with the post.
Join SimilarWorlds for FREE »

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 »
Fukfacewillie · 56-60, M
It’s absurd.
Ontheroad · M
@Fukfacewillie Okay, absurd for who?
Fukfacewillie · 56-60, M
@Ontheroad There really isn’t a who because I’m considering the plan. If you mean absurd to TAKE the money no, I get why someone would.
Ontheroad · M
@Fukfacewillie Okay, then how is the plan absurd? How could it have been better or different and still be a start to addressing the real issue.?
Fukfacewillie · 56-60, M
@Ontheroad I don’t generally get into these debates on line because the other side is aware of the arguments already and has made their mind up. There is no chance of me convincing you of anything, and vice versa, to be fair.

My plan is zero interest loans so we remove the problem of revolving debt and interest added to principal. Income then rises over time to make the payment less onerous and inflation means you will be paying 2020 debt with 2030 dollars.
Ontheroad · M
@Fukfacewillie I like that idea. A sound, reasonable approach to a least one fix. Thank you.
Fukfacewillie · 56-60, M
@Ontheroad Thanks!