If you went to college on a student loan and paid it back how do you feel about Biden forgiving all this student debt of current students.

I'm fine with it. College is too expensive, and there is value to having an educated society. I'd rather subsidize students than the top 1%, or provide oil extraction subsidies.

If you’ve paid off your student loans, good for you. What does that have to do with anyone else’s situation?

I live in Canada.. University fees are heavily subsidized by taxes and here are reasonable costs to the Student and their families.. We PAY heavy taxes to subsidize those costs.. In the USA there are minimal subsidies from government towards tuition costs.. so they are exorbitant.. using taxpayers money to cover part of the exorbitant costs of tuition debt is thus reasonable and equitable until your tax structure moves in line with the rest of the civilized world and you recognize that government has legitimate functions in society other than military spending.. The paralysis that the USA has in paying a right sized level of taxation is why education and health care are treated so ridiculously in the USA.. you literally spend HALF of your health care expenditures on insurance companies that do NOT add one dime of health care provision to the consumer..smarten up and grow up already.. its ridiculous watching you chase your tails..

I think the U.S. should join the rest of the civilized world and provide free or very low cost college for our young people. In the past 40 years college costs have sky-rocketed.

Education is an essential investment. We must have engineers, doctors, nurses, technicians, all kinds of skilled workers. Society has to provide affordable college and job training.

FYI - Lenders charge students interest rates that are 10x what they charge banks to borrow money.

If they get the relief, good for them. This country gives so much money to wealthy corporations, it can go towards everyday people instead. If you have an issue with it you're just clueless

If someone is able to pay off their loans, good for them. Elementary school teachers aren't as well paid as most engineers or business majors.

I worked my way through college and took out no loans.

I think it’s absolutely horrible that loans are being forgiven. No loan is ever forgiven, it’s paid for by someone. IMO, it’s just a way to buy votes.

The whole premise of the exorbitant cost and graduates not being able to get jobs is a different subject.

Bottom line, if you can’t afford something, don’t get it. That goes for college, a car, a phone, everything. Don’t expect or anticipate that “someone” will pay for you.

My wife went to college on student loans and paid them back. She is absolutely fine with student loan forgiveness.

Next, let me point out that student loans are NOT the only loans the US government forgives. If student loan forgiveness were unique, I might feel differently about them.

During the previous administration, 10.2 million Paycheck Protection Program loans were forgiven or partially forgiven. With average forgiveness $72,000, that works out to $734 billion in loan forgiveness subsidies to business owners.

Agricultural subsidies in the US are HUGE topic, but suffice it to say we've been forgiving agricultural equipment purchase loans and land mortgages as well as price supports and paying farmers not to grow crops.

supporting info:
[quote]As of July 4 this year, 10.2 million PPP loans, introduced to support small businesses, had been fully or partially written off.

The first loans were authorized by the CARES Act in March 2020, which provided $350 billion of fully guaranteed funds.

In April 2020, another $310 billion was allocated via the Paycheck Protection Program and Health Care Enhancement Act. A further $285 billion came in the second stimulus package of December 2020.

The government's Pandemic Response Accountability Committee found that 97 percent of PPP loans were used to help fund payroll. The average amount of PPP loan forgiveness was $72,500.[/quote] [b]https://www.newsweek.com/what-ppp-loan-forgiveness-scheme-paycheck-protection-program-student-debt-1736775[/b]

I'm pissed at this. I paid back my student loans, it's called life. You have to borrow for something to improve your life situation? Fine, that's part of modern society. But you better effing have to pay it back, that's called responsibility.

Plain and simple: Borrow money, pay it back.

Meh, good for them, as long as my kids get the breaks too.

Back in the day, we could re-paid loans easier. Where now, them trying to help pay for college has only increased the prices... making it harder to pay back.

I went to college, I paid my own way and I feel GREAT about this.
I don't feel great that a dude has so little understanding of this topic that he'd say "all student debt."
You should have gone to college dude. It pays off in other ways.

I was more upset when trump put us 12 trillion into debt with no return.
12 trillion could have bought a lot of employment but noooo!

It's probably bad for everyone that we accept this inequality and don't try to be a society.

Waste of tax dollars. Next we will be forgiving mortgages and auto loans

The govt is fulfilling its CONTRACT with the students who enrolled in PSLF or similar programs. It is no different from any othef loan forgiveness. ie Trillions spent on corporations during COVID.

Its a bribe

None of the above. I don't take issue with it.

i have no problem with forgiving loans for teachers, nurses, firefighters, people who've chosen a career that services the community. and, broadly, i look at forgiving student loans as a stimulus measure for the economy. i get that forgiving student loans feels unfair and there's concerns of moral hazard. on exception, it makes sense.