2024 US Presidential Election

[Hiku]

Chrkeller said:

Hiku said:

What don't you like about debt forgiveness?

As someone living in a country where it's not only tuition free to go to college, but you even get PAID for doing so (not a lot, but getting $300 per month sure beats having to pay tuition), tuition costs in USA generally look crazy to me.

People being riddled with debt for decades when they should start earning and saving money to build their life. Especially in a country where you also have insane medical costs, adding an extra layer to an already absurd situation.

The nay-sayers I've heard from are the ones that are upset because they had to pay.
But punishing others isn't going to help.

I don't think it fixes the full issues.  There are a lot of fraudulent online "universities" that need to be shut down.  And there are too many worthless degrees.  I also think state schools (e.g. public) need to have caps on tuition increase.  The final piece, based on state schools, is 60 to 70% isn't tuition but housing.

If a boat is leaking, bailing water doesn't fix the problem.  Debt forgiveness isn't a comprehensive fix.  

Edit

And yes I was straddled with debt and paid it off, and that plays a role.  And I have 429a accounts for my kids.  So yeah, how many degrees do I need to pay for?  I've already paid for three.  

Edit 2

I also think the US needs to drop the "everyone needs to go to college."  We are under utilizing trades.  I got a buddy who does autobody work and is a 6 figure earner.  There are other paths than college and we should be better cascading that understanding.

I agree with most of that, in that it doesn't solve the underlying problems.
But I would only be against this bandaid of a solution if it was between it and another (better) alternative.

But if it's between forgiveness or no alternative, I'd chose the former.

Last edited by Hiku - on 25 July 2024