zorg1000 said:
I briefly mentioned in one of my earlier responses that while I support student debt forgiveness, it is just a band-aid that doesn’t fix the underlying issues with the system and we will be in the same situation before long if those issues aren’t addressed. I can understand the fairness aspect to a small extent, like of course it sucks if you recently paid off your loans and then shortly after that a bunch of people get theirs forgiven but at the same time I’m not for people suffering because others had to. I’ve never had student debt and this doesn’t benefit me in any way but I still support student debt relief because I think helping out my fellow Americans is good policy. Overall I agree with you that we need to fix the problem at the source, Biden wanted to offer 2 years of tuition free community college which wouldn’t solve the issue entirely but I believe would have been a step in the right direction. This would incentivize more people to attend community college instead of jumping straight into a 4 year university so they would in theory only be getting loans for 2 years rather than 4. This could also potentially cause universities to lower tuition in an attempt to stay competitive. On top of that, like you mentioned, having people start to repay those loans only after a certain income threshold is met is a good idea. Also, making federal loans interest-free or at the very least extremely low like 1% as the government should view these loans as an investment in its people that will better be able to contribute to and expand the economy rather than a source of future revenue and profit. |
I think we agree in large part. It'd be interesting to see a breakdown of debtors who feasibly could have paid off their loans, based on their income, vs those who stood no chance, but doubt that info will be forthcoming.
Just thought that the language being used towards chrkeller was a bit spicy. Everybody draws their lines in a different place, for him nationalized healthcare would be welcome, but not higher education, especially as he points out when there are other systematic problems in the existing system that could be addressed first.
It's just a bit reductive to say that unless you think government should fund either none or all sectors that you're a hypocrite...
Anyway, chrkeller is more than capable of defending himself, it just concerns me when discussions on the left/center-left descend so quickly into ad homs.