Student loan debt forgiveness

He probably didn't take out the loan when he was 18 and it has probably paid economic dividends for him and his dependents. That's the difference.

I think he borrowed the money and agreed to the terms and should pay his loan back per those terms. I feel the same way about student loans, both parties agreed to the terms of a legal contract, and each should fulfill their end of the bargain. I have sympathy for students that made poor choices but that is how we gain experience. I have a family member who decided late in life that she wanted to get a degree, borrowed tons of money, got a degree and now the debt is due. She chose a degree in a field with a very soft job market, and it will take years to get into a job where the financial gains will be worth it, and, she will be retired before the loans are paid off. Each person needs to think things through and be responsible for their choices.

He should pay his loan off just as these people who took out student loans should pay theirs off.

Honestly of this whole sorrid chapter all the people raging that they paid there's off and it would be unfair to bail the kids out I'm just sitting here like oh noes imagine things being easier for the generation that came after you. How horrible. /s

basically if you think student loan forgiveness is "insutling" because you had to suffer through paying yours off you are cringe.

It seems strange to hear all the talk about student loan forgiveness, while meanwhile those students graduating now have to take out those same loans if they want to go to college. But I guess for politicians, it's a better talking point to say they're going to give something back for free, rather than trying instead to fix a broken system.

My roommate and I both have student loans. She finished her education around $60 in debt. I ended up dropping out because my loans were getting larger than I was comfortable with. Neither of us think this loan forgiveness is a good idea.

It's not about helping the country, or the next generation, or however they are trying to spin it. If it were, they would be addressing the actual problems of skyrocketing education costs, predatory lending, and the racial disparity in the lending system. This was nothing more than a vote grab when biden was running for office and is once again a vote grab with the midterms approaching.

If they're interested in helping people out, setting the interest rate to 0% is a great place to start.

My sons have some student debt .. I'd rather see them pay it, like I did mine, than for it to be put on others by forgiveness for this very reason. It is not fair to the rest of the tax paying public.

In order for a business owner to get 100k loan the bank needs proof of collateral and a solid business plan. 18 yr olds are preyed upon by legal loan sharks who convince them to sign contracts they don’t understand. It’s fraud…

I do the same type of work as your son. I think he should pay his debts off and so should people who have student loan debts. I will say this though He’s smart for having not gone to college. Going to college leaves kids in a ton of debt and a job isn’t guaranteed post college.

I believe the question is not to compare student debt with business debt but to determine what we as a nation should be investing in.

Do we want a highly educated population or not? I think it is a good thing for a nation. As such, I believe public college should be paid for through tax dollars and free for students to use. I would suggest that we also create public trade schools that are also paid for the same way. Such that our society is making an investment in our future.

Private colleges are a bit different. I'm not sure how they should be handled but that is a discussion to have.


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But, if you want to discuss education loans vs business loans, let us do that. If the electrician company goes out of business they have assets to sell and can declare bankruptcy. The owner might walk away with nothing, but he walks away.

The student has no assets to sell off, no collateral against their debt. Worse, in most cases the debt is not discharged through bankruptcy. The student can never walk away. It is there forever unless it is paid off.

And with rising education costs, these loans stay with people for decades. Restricting their purchase power and hindering their forward momentum in life. All because they did what the grown ups told them they were supposed to do.

These education debts have economically crippled a couple generations now and it's only going to get worse.

I think the most pathetic thing is that the right wing wants college debt to be crippling. They don't want kids going to college because being educated is usually not a good thing for the policies the right wants to promote. So they find all manner of other excuses and poor comparisons to try to justify killing public education.

I think he should pay his loan back, if this was a student loan then I have sympathy and this loan should be forgiven due to high tuition rates across the states

If its a buisness loan it couldn't happen Mrs as all buisness loans would have to be forgiven

If his business fails, he can claim bankruptcy.
Student loans are protected from bankruptcy.

Well, the government pays farmers to not grow stuff, so why not pay electricians?

Lmao... how is he more worthy of debt forgiveness than someone who goes to school and studies for a law degree, only to be stuck cleaning offices for a living because there's no work in their field???

Is this guy still able to take his vans and put them to work for him??? This is more than some newly qualified students are able to do...

Don't give the lefties any more ideas!

I've bought a house, several cars, and other things using a loan. Yes it would be awesome if someone else paid them for me and I wasn't responsible. But if someone else pays for them, what's my incentive to take care of them?

Would it be nice if all loans could be forgiven

It’s nice that they want to cancel student loans. What about people who have paid off their student loans.

@FreeSpirit1 you should change your user name to MeanSpirit, much more appropriate.

Student load forgiveness is for students not businesses that are earning money.

No, that is a business loan.

It’s shocking so many people support student loan forgiveness.