Do you support the universal cancellation of student debt?
Also, do you think the (mostly) younger generation deserves a break?
If possible, would you elaborate on your answer?
If possible, would you elaborate on your answer?
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rfatoday · 70-79, M
I'd support a renegotiation of outstanding balances perhaps but not outright cancellation. Are we going to expect the underwriting financial institutions will forgive debt? Of course they won't. Someone will pay for what the graduating students don't and it's going to be the taxpayers.
The federal government should have never gotten into the loan guarantee business in the first place. All that did was allow colleges to jack tuition costs, knowing someone would pay for it. Back in the late 1970's a good friend of mine got his BSEE from Cal Poly working during the summers. No loans, no family help. Now? Now way.
I don't care what anyone tells you... especially these candy-man politicians wooing votes... there is no such thing as a free lunch. Someone, somewhere, has to ultimately pay the bill.
The federal government should have never gotten into the loan guarantee business in the first place. All that did was allow colleges to jack tuition costs, knowing someone would pay for it. Back in the late 1970's a good friend of mine got his BSEE from Cal Poly working during the summers. No loans, no family help. Now? Now way.
I don't care what anyone tells you... especially these candy-man politicians wooing votes... there is no such thing as a free lunch. Someone, somewhere, has to ultimately pay the bill.