(08-09-2024, 09:46 AM)StroudCrowd1 Wrote:

(08-09-2024, 09:32 AM)flsprtsgod Wrote: "Whether you can afford it or not" should not be what prevents you from going to college. Tying a poor or even middle class person into decades of debt to be able to go to college is a stain on this country and folks like you who are clamoring to return to the classism of the Gilded Age. We can and should do better. And "Loan forgiveness" is discharging interest debt that was never borrowed, it was created and assessed after the fact, it was never taken from anyone because it was never given out only added to take more from the people to fill the government's coffers with the wages of the Middle Class. That you guys just don't want to accept this basic fact shows that you don't really care about being paid back, you only care about making it hard on people you don't like for political jollies.

I'm so mad that my neighbor only gave me back $26,000 on that $10,000 loan I gave him and not $38,000. Such bull [BLEEP] from the right on this one, You guys should do better.

What is the proper forgiveness amount? Is there a max? Should expenditures be scrutinized? I know people who used their loans for nice spots at the beach and picking up bar tabs at the Ritz while I lived on campus. Books and tuition only? Cmon, let's talk parameters.

---

(08-09-2024, 09:30 AM)homebiscuit Wrote: It’s the fact that so many borrowed huge amounts of money to get worthless liberal arts degrees that is so aggravating. Who knew a philosophy degree wouldn’t garner a high paying job? Or any job, for that matter.

Most treated their loans like an open ended credit card outside of education.

The proper forgiveness amount is the interest. Expenditures can be scrutinized by simply paying the tuition and book costs directly to the school while also putting downward pressure on them to keep costs contained. This isn't complicated and we can fix it, but not by blasting people who did what they were supposed to and got screwed over by the government, the college marketers, and the predatory loan servicers.

And Philosophy degrees are extremely useful for white collar jobs, but not all white collar jobs are automatically rich either.

I don't have any interest (pun intended) in absolute loan forgiveness, but I do think it's wrong that we have a system set up to put most of these people into years long debt for the benefit of the government and loan servicing corporations.

---