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

What are your thoughts on student loan forgivness?

I guess the thing is that if someone loans you money, you should pay it back. It's only fair, right? That's the purpose of a mortgage, for example.
This page is a permanent link to the reply below and its nested replies. See all post replies »
BlueVeins · 22-25
It's not such a crazy idea. I mean, we don't charge our youth for their K-12 education, but society kinda just arbitrarily decides they need to take out a loan for college if they can't pay up front. Educated citizens participate more in the democratic process and make more money, so it's not a senseless investment on the part of the government.

Personally, I'd rather just put that same money towards a UBI & online learning opportunities (free online classes, documentaries, edutainment, etc.). But I certainly understand the people who want free college.
@BlueVeins Good points.
dancingtongue · 80-89, M
@BlueVeins
but society kinda just arbitrarily decides they need to take out a loan for college if they can't pay up front

But didn't always. State universities and colleges, at least in my state, were set up to essentially offer free college educations for residents desiring them; junior/community colleges to provide free technical skill training and first two years of basic college requirements free as well. I got my degree from what was at the time ranked among the top 3 universities in the U.S. for $50/semester incidental fees. Legislatures started cutting back on public funding during the protests of the 1960s, and those universities started courting the out-of-state, out-of-country markets for high paying students and the concept of making higher education affordable for all residents desiring it has been lost.