Biden says he's considering student debt forgiveness, but less than $50,000

[VySky]

Biden says he's considering student debt forgiveness, but less than $50,000

The president said a decision is coming "in the next couple of weeks."

www.nbcnews.com

I think his decision is going to irritate people on both sides of this debate. Some will feel that his loan forgiveness doesn't go far enough; others will feel that it goes too far.

I think it’s total BS and unfair to the average American

 

[ttwtt78640]

With that definition (no longer needing funding for a program), there is nothing you can achieve through government.

Any program that achieves its results would be cut and the problems they are solving would just come back.

OK, but if giving poor folks “safety net” aid makes them no longer poor, then it should be ceased immediately because once given the aid then they are no longer poor.

 

[bave]

The problem with forgiving student debt is that it treats a symptom and not the disease. The underlying problem is universities charging too much for degrees earning too little, which is a byproduct of national policy for the federal government to lend anyone nearly unlimited funds for any educational program no matter how crappy.

 

[ttwtt78640]

The problem with forgiving student debt is that it treats a symptom and not the disease. The underlying problem is universities charging too much for degrees earning too little, which is a byproduct of national policy for the federal government to lend anyone nearly unlimited funds for any educational program no matter how crappy.

One would assume that doing this would include ending the student loan program, since each student “loan” would then include a $10K gift (amount that need not be repaid) from the US treasury.

 

[HangLow]

I am in favor of Biden forgiving all of the six-figure student debt that I owe. I will not complain. I will probably celebrate.
But on a policy level, I recognize that economic policies that benefit people like me are probably not in the best interest of society. Student debt forgiveness is regressive and inflationary.
I'm far from an impartial observer though. A couple days ago Rep. Cardenas floated the possibility of Biden forgiving ALL student debt, and I'd be lying if I claimed I wasn't thrilled.

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[HangLow]

Biden says he's considering student debt forgiveness, but less than $50,000

The president said a decision is coming "in the next couple of weeks."

www.nbcnews.com

I think his decision is going to irritate people on both sides of this debate. Some will feel that his loan forgiveness doesn't go far enough; others will feel that it goes too far.

​