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 »

ABCDEF7 · M

I think if the students know that they need not to payback the loan amount, many may become less sincere in studies, as they will not have that sense of responsibility.

soar2newhighs

@ABCDEF7 Other entities who students owe will not be so forgiving as the administration is.

Ontheroad · M

@ABCDEF7 That is true, but only in small numbers and could easily be avoided by having goals set whereby if you get lazy with your studies, you are out the door.

Punches · 46-50, F

@ABCDEF7 does the student debt relief also apply to students currently in college though?

ABCDEF7 · M

@Ontheroad That's good idea.

If you perform well and gets a good job, payback your loan, as this would contribute to the fund that is used to grant loans to students. In that way the students will have a sense of proud also because they will be contributing to support for loan to other students also.

If you perform well but not able to get a good job, your loan can be waived or the payback date can be extended/relaxed depending on your circumstances.

If you didn't performed well, you are not entitled to any exemption/relaxation as said above.

Ontheroad · M

@ABCDEF7 You have some good ideas there. Thank you for contributing.

Ontheroad · M

@Punches I'm not sure - some of the details are still a bit sketchy.