Dose student loan forgiveness open the Pandora box for other debts ?

10 comments

• shailynn

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  3 years ago

  No juice, you’re still going to have to pay your rent-a-center bill.
• latinalover69

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  3 years ago

  Yes juice, it's called the QFS or Quantum Financial System. It will replace the current central bank system. Plus something called NESARA. That will recalibrate debt along with the QFS. Consumer debt may disappear. Lots of things have to happen 1st tho. Do some research on the QFS and NESARA (National Economic Security and Restoration Act).
• Studme53

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  3 years ago

  Sure - let me and other taxpayers pay for 4 years of some grown baby fucking off or playing some kids game like it’s important. Don’t ask the do-nothing multi-million/billion endowment colleges to chip in - they should just continue to raise tuition way beyond the CPI every year. Let the professors take paid sabbaticals every 3rd year.
• Cashman1234

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  3 years ago

  My initial answer is no. Remember, education is important for folks to be successful in our society. The rising costs of education are more than many can afford. So, student loan debt forgiveness is considered something that promotes the greater good of society. Regardless of how one views the higher education system in this country, a college, or post high school vocational education, is necessary for most folks to become contributing members of society. I don’t agree with debt forgiveness in any form, but I understand the democratic idea. It’s a mistake, as we shouldn’t push this country deeper into long term debt. It’s replacing one debt with another, and that isn’t good. I don’t like the idea of government involvement in education, so I don’t have a good method of finding a way to decrease college tuition. It’s a cost that is out of control. The price colleges list as the tuition is like the MSRP of a new car, as nobody should pay full price. There’s always a way to get them to cut a few thousand here and there. This requires a shift in understanding as most colleges need you more than you need them. They have such high fixed costs because they love new buildings - they need students to fill their dormitories and to go to on campus classes.
• datinman

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  3 years ago

  The ONLY way I would be in favor of a one time student loan debt forgiveness is if the Federal Government stopped guaranteeing student loans with the same legislation. Let the banks and loan handlers take on the default risk just like every other loan product. Let the Colleges deal with the reduced revenue that comes from this new found fiscal responsibility. Majors that produce lucrative careers and hence low default rates would still be funded. Less lucrative Majors wouldn't. Colleges would have to lower tuition to be able put butts in seats. Tuition has sky-rocketed because no one has to pay for their classes every semester; "You got 20 years to pay this off, don't worry about it." Otherwise, it is a big F you to everyone that worked hard and paid off their debt. Also, F you to future College students that have to pay for school. But you lucky bastards in between, you guys get a free degree!
• twentyfive

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  3 years ago

  @Justiin Tolook that’s why tuition is so expensive our college education is basically socialism personified If schools were forced to justify the existence of the available programs it would be much more difficult to get a degree in pottery making and sculpture than to get a degree in law or engineering because the very existence of useless course disciplines would be threatened that would be great for secondary education in these United States
• Tetradon

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  3 years ago

  Academia, with its skyrocketing tuition and monopoly on degrees, is the most privileged industry in America. Corporations use degrees as a lazy screener for jobs that don't use college skills. Student loan forgiveness is a wealth transfer to the college educated who made a bad decision. If you were of legal age and entered into a contract, you have to deal with the consequences of it.
• bang69

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  3 years ago

  It would be great if the company holding my mortgage. Would for get about it. I would have plenty of money for clubbing.
• twentyfive

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  3 years ago

  ^ I give you permission not to pay your mortgage Now go have fun
• Icee Loco (asshole)

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  3 years ago

  Its not about debt forgiveness as much as it is about taking on the debt industry