This is true. An easy way to solve the student debt "crisis"

That was fine when boomers went to college. That was fine when I went to college.

It’s not fine anymore.

Problem is, boomers think everything still works like it did when they were young, before they destroyed the country. So we get get pithy boomer comics when people look at issues that affect today’s youth 🙄

I have no problem paying it back. I just know that I won't be able to afford a home until I'm 45 as a result. And I think that is why people are calling it a crisis. People my age are having to put off having families and buying homes as a result. The crisis really stems from the fact that college degrees are 1. 260% more expensive than they were in the 70's, whereas most items have only grown 120% more expensive. and 2. College degrees are basically like having a high school degree now. I hope that people do get some sort of relief, even if it doesn't help me personally.

[c=#BF0000] Education is literally a business in America. A few European countries have tuition free college education and the rest have a lot less tuition fees. How are you going to remain at the top if you're going to make it so hard for younger people to afford an education? Illiteracy will increase and people like uneducated Trumpturds will spawn [/c]

Kind of shitty on Uncle Sam's part, to tell millions of little children they have to go to college to succeed and then insist that they're on their own once that advice fails them. Regardless, I'm not sure I can support extensive loan forgiveness plans on price alone.

You fail to factor in terms and financial rates.

You also fail to factor in the eventual fate of a nation that affords higher education to only those who can afford it. The cost of education has exploded and is far out of proportion to other indexes.

But if you want to be a nation of really good landscapers, keep fighting it.

I would agree with this in a world where tuition loans are comparable to the wages gained thereafter. Unfortunately this is not the case.

Who would have thought, personal responsibility! The answer to problems!

Just a similar case in support of your theory...about paying back college loans: In 2005 my son married a user and a loser. She, (the daughter of a successful lawyer who lived in a prestigious local town), was attending nursing school and she and my son both talked my mother into co-signing her Sallie Mae loan. Her own father had refused to pay for college for his children.

Then she ran out and got pregnant by another man, and left my son. She also left my mother holding the bag for her loan, because as soon as she left she stopped paying a dime on it.

My mother was in the earliest stages of dementia by that time, and when Sallie Mae's collection agency called her again and again, she would get on the phone and argue with them that she didn't owe the money because her former granddaughter-in-law had gone out and gotten pregnant by another man.

Because of my mother's condition, I was finally able to take over her estate as power of attorney, and I brought my mother with me to the attorney's office, where he instructed her that SHE was legally responsible to pay off this loan...because that is what it says on the contract when you co-sign a loan.

I began to pay Sallie Mae off, and we paid until my mother passed away. It was a very hard pill to swallow...having to pay for the college debts of a slimeball like my former daughter-in-law, who is now a wealthy physician's assistant.

Believe me, it made me angry. My brother and I were shorted that money in our inheritances. And I would be equally angry if I had to pay, in taxes, for the college loans of kids who would go on to be rich later in life and just blow the whole thing off with no thought for the people to whom they "stuck it."

Here's the problem with that model.

I've worked in an entrepreneurial environment. If I were to go to a venture capitalist with no track record of successful start-up exits, and have an idea with no realistic path to generating a return on investment dollars-- no VC in their right mind is going to invest in me. And if they do and lose their investment it's on them for not performing due diligence.

On the other hand, we expect to lend money to young people who have little or no demonstration of being able to complete their education or get a job-- and we have a rigorous demand that they pay us back. We guarantee the banks so they write notes without fear, and then the federal government can sue, garnish wages, garnish tax returns, and so on.

To me it sounds a lot like the VC no doing due diligence.

Seriously. In terms of an investment, who the fuck would invest in somebody studying English literature or anthropology. Who would invest in somebody who barely got through high school.

I'm not saying such people don't deserve an education. But maybe they have to self fund it. Or their loans are not guaranteed.

Question, and I don't know the answer, but IF ALL student loan debts are erased or "forgiven", aka You don't have to pay them back; who if anyone gets left in as they say, the wind?. Or are all parties winners?

In college I was "guaranteed" a cushy job making at least 40k to start, and this mentality existed before I was born. Nowadays a college degree isn't worth much.

Are you fucking stupid?

Correct..

But I don’t wanna 😭

Who’s going to pay off my house loan?

It doesn't work like that.

They thought they were going to get a cushy job in an office staring at a 'puter screen for thirty years instead of working for a living, but those jobs don't exist anymore.

Isn't there like free education?

The only way