Should student debt be covered by the tax payers? [I Have Student Loan Debt]

Welcome to the discussion board! Here you may discuss with others about the topic above! Please note that the topics can be sensitive to some. Please remain respectful to the opinions of others. Anyone making nonconstructive comments will have their post deleted. Multiple offenses will warrant the user to be blocked from further discussions. It is recommended that any points made are encouraged to be backed up with credible sources. For further information please refer to this accounts profile. Enjoy!

One of the more popular discussions brought up around the United States is student loans, student debt, college tuition, etc and of it should be free as it would be paid for by tax payers.

Some say yes, college should be absolutely free.

Some say no as perusing high education isn’t a necessary feature for financial success.

Some with a moderate so so believe that those majoring in degrees that indefinitely benefit society should have their college paid for so long as they stick with a career that pertains to their major for a few years after graduating.

Majors in fields such as Engineering, Health Care, Science, etc would be deemed acceptable.

However, degrees that don’t benefit society in a demand should not be covered, such as liberal arts.

What are your thoughts? Should college be free? Should it not? Or should there be requirements and stipulations to having your college career paid for?

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

DecafD

Nope- we’re attacking the wrong thing. It’s not about why people can’t pay for their own tuition, but more so why colleges keep getting more and more expensive! People should be prepared to pay for their tuition- it builds character, provides a foundation for a good work ethic and forces responsibility. Now that’s all great- if the price of your student loan is manageable. I know someone with $99k in debt for a bachelors. Why!?

It would be helpful if the interest could be waived for a period of time due to a hardship based on pre-approval of certain criteria until they become stable enough to start repaying. That and it not affect your credit.

Ynotisay · M

@DecafD They get more expensive because they can.

DecafD

@Ynotisay should university spending be regulated? And would it include private institutions for price gouging?

This comment is hidden. Show Comment

Ynotisay · M

@DecafD As it stands now it varies from state to state which, IMO, is the problem. I think private institutions should be allowed to do what they want. The market will dictate their costs. But they would be under fire if college and trade school educations were "free" so their tuition would come down too.

DecafD

@Ynotisay I agree! It should be more standardized. When people start leaning towards that standardization is when private institutions will be forced to lower rates to keep the doors open.

cherokeepatti · 61-69, F

@DecafD No telling how much money goes into the pockets of the presidents and administrators. Every new building built has the potential for dark money to be made.

DecafD

@cherokeepatti I know exactly what you’re talking about. It used to be 100% covered under student aid and nowadays the student aid only covers a meager portion of what you owe. So now that forces a student to apply for grants and search for loans, which, let’s be honest, kids that age don’t know about the various types of loans and just pick the one that guarantees the full amount. That’s a lot of stress for a kid that 1. Just left home for the first time 2. Is acclimating to a college lifestyle and 3. Has to worry about keeping up the grades as well. Not to mention that all of this has to be done a month or 2 prior to the next semester so this kind of worry could def ruin someone’s final grade for fall.

cherokeepatti · 61-69, F

@DecafD They can start searching for scholarships and grants while they are in high school, so many categories that may apply to them and not many other students that some students get a handful of smaller scholarships and one or two larger ones.