Canceling all Student Loans

Discussion in 'Politics' started by RainMaker3000, Jan 30, 2020.

  1. elderado

    elderado

    A moral obligation?

    No.

    We need plumbers, electricians, masons, framers, drywallers. Geez, how about a whole lot more asphalt layers to fix the holes in the roads?

    Not a bunch of whiny brats who spend their time in social justice classes.
     
    #11     Jan 31, 2020
  2. Mortgages and credit cards included, ...on a serious note, getting an education should not be that expensive...
     
    #12     Jan 31, 2020
  3. Nobert

    Nobert

     
    #13     Jan 31, 2020
  4. Anyone with a functional moral compass wouldn't even offer such nonsensical classes let alone charge for them. Who are the administrators and professors of the institutions that dupe these young people? Leftists! Case closed.
     
    #14     Jan 31, 2020
  5. Disagree. You're advocating that the person who got the benefit of the debt and spent the money is absolved from the responsibility of repaying the debt... and involuntarily forcing the payment of that debt upon somebody else who did NOT receive the benefit of spending the borrowed money.

    Nothing righteous in that! Nothing at all.

    :(
     
    #15     Jan 31, 2020
    Nobert likes this.
  6. RedDuke

    RedDuke

    Student loans are the main culprit for why higher education costs so much. The solution is simple, let it be discharged with a bankruptcy. That is it. If that passes, banks will be VERY VERY selective who gets the loans and who does not. Want to study BS - pay cash for it. It would also slow down education cost rise.
     
    #16     Jan 31, 2020
    UsualName, Nobert and TreeFrogTrader like this.
  7. Nobert

    Nobert

    Very good point, or alternative for future,

    but...

    ,,Banks never lose."

    That would be a significat hit to their ballance sheets. Like literally wiped out for some, like SME.

    Yet in case, they would ,,lose", then a spiral down, like in 08 (?)
     
    Last edited: Jan 31, 2020
    #17     Jan 31, 2020
  8. No one put a gun to their head and made them accrue $100,000 in debt for a shitty major...

    It is called accountability
     
    #18     Jan 31, 2020
  9. No need to go to a private 4 year college to get an education if you cannot afford it. That is why people are graduating with $80-$100k minimum in debt. Better personal choices in schools and majors helps.

    We do need arts in society, but you don't need to go to Boston University to be an art major and borrow $150k. better choices leads to less debt and more financial responsibility
     
    #19     Jan 31, 2020
    Overnight likes this.
  10. elderado

    elderado

    Why banks?

    Force the educational institutions to fund the loans themselves.
     
    #20     Jan 31, 2020
    Nobert and TreeFrogTrader like this.