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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?
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Fukfacewillie · 56-60, M
And the students who chose less expensive schools, and the parents who took out second mortgages, and the kids who fucked around for 4 years, or those who choose not to work, what about those with debt more than a few years back, and what about next year.

Forgiving debt freely incurred is absurdly unfair to those who decided not to do so, or for those who sacrificed so their kids would not have such debt.
Burnley123 · 41-45, M
@Fukfacewillie Your username contrasts so much with my mental image of an urbane middle-aged centrist. 🤣
Fukfacewillie · 56-60, M
@Burnley123 It confuses me sometimes, too.
@Fukfacewillie The idea of "I suffered so you have to suffer too" is more absurd.
Fukfacewillie · 56-60, M
@PicturesOfABetterTomorrow You obviously don't have kids in college, nor have you refuted anything I wrote. Further, wiping off debt is not ongoing. The students before and after get nothing.

If the country wants to decide all college should be free, fine, that would save me about $200,000. Or, I can make my kids pay for it all now, and hope there will be another debt forgiveness.
QuixoticSoul · 41-45, M
@Fukfacewillie There are no less expensive schools anymore. UC Davis is around $35k a year these days. Shit is off the rails.
@Fukfacewillie Your appeal to emotion doesn't change the silliness of your argument.


If the country wants to decide all college should be free, fine, that would save me about $200,000. Or, I can make my kids pay for it all now, and hope there will be another debt forgiveness.


So basically it is all about if you can't benefit personally everyone else should get screwed over. Got it.


I thought part of being a parent was wanting to leave a better future for your kids, not leave them in economic hardship.
Fukfacewillie · 56-60, M
@PicturesOfABetterTomorrow I don’t think someone who willingly takes out debt is being screwed over. If they make bad choices, they must live with the consequences.

You still refuse to address any of my points. Shouldn’t people who made the right choices benefit, or just the ones who failed to do so? Seems rather backward.

Free education would be a benefit to not just me, and I’m surprised you are against it.

As for being a parent, I am very much helping them by making sure their debt is as small as possible. That’s a choice I made to be responsible to them. We chose a public school verses a private one to keep tuition down. Does being responsible offend you in some way?
Fukfacewillie · 56-60, M
@QuixoticSoul Indeed, and I’m all for reforming the cost of education. Wiping away debt doesn’t reduce the cost of tuition at Davis, however.
@Fukfacewillie
I don’t think someone who willingly takes out debt is being screwed over. If they make bad choices, they must live with the consequences.


Got to love right wingers who pretend survival is a lifestyle choice,and pretend kids are not pressured from grade school to go to college.

And we all know the banking and loans industry are the most honest and ethical people on earth. 😆


Free education would be a benefit to not just me, and I’m surprised you are against it.

I am not against it. You are the one arguing for the status quo.

As for being a parent, I am very much helping them by making sure their debt is as small as possible. That’s a choice I made to be responsible to them.

That is a luxury born of privilege that the majority of people don't have and has nothing to do with responsibility but does line up with the right wing ideology of blaming the poor for being poor as a moral failing.
Fukfacewillie · 56-60, M
@PicturesOfABetterTomorrow You seem to think poor people lack agency. Rather condescending. And being responsible makes one right wing, okee dokee.

You also ignore the fact that wiping away debt doesn't help the poor people coming next.

You are a caricature of a leftist who sees achievement and being responsible as a vice. And you wonder why you never win.
@Fukfacewillie I am not the one blaming the poor for being poor.


Pretending privilege and dumb luck is being responsible is very right wing.
QuixoticSoul · 41-45, M
@Fukfacewillie Well, you should do both - get back to sensible costs, and provide some relief to those who got an education during this strange post-‘08 clown era.
Fukfacewillie · 56-60, M
@QuixoticSoul I wouldn't be opposed to increasing Pell grants (which have not kept up with inflation), and then I think it could be reasonable to allow former students to apply retroactively.
@QuixoticSoul The problem is that is just setting the clock backwards a bit. it doesn't change the eventual end result. It would amount to doing the same thing over again and expecting a different result a couple decades down the line.
QuixoticSoul · 41-45, M
@Fukfacewillie Pell grants help, though middle class families don’t really qualify for them - but they don’t change this insane situation where undergrad at a state school costs ~35k a year. And this happened practically overnight.

The system worked fine for decades until we broke it. It’s not so hard to get back to the pre-‘08 era.
Fukfacewillie · 56-60, M
@QuixoticSoul Indeed. California reduced it's support for UC, and there are many reasons why costs have gone up up up. Cal State seems to have kept their costs lower.

I agree the middle class needs help, too. FAFSA is a joke. By all means let's lower eligibility for Pell grants and reform FAFSA.
QuixoticSoul · 41-45, M
@Fukfacewillie It’s not just California - pretty much every state dropped education funding and transferred costs to the students, this is a nationwide malaise, and it handicapped two whole generations with crippling debt before they could even start their careers.
Fukfacewillie · 56-60, M
@QuixoticSoul A well known Michigan economist worked on this decades ago and they started increasing tuition for out of state students. As far as funding, yes, voters make choices. Let's increase funding!

Some students took out too much debt and can't keep up. But not everyone owes vast sums.

The average college debt among student loan borrowers in America is $32,731, according to the Federal Reserve. This is an increase of approximately 20% from 2015-2016. Most borrowers have between $25,000 and $50,000 outstanding in student loan debt. That's a big number if you make very little, but I was surprised it was that low. If we lower interest then this doesn't seem as crushing as its made out to be in the press.