Quote:
Originally Posted by cd288
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I'm not a huge fan of the loan repayment, but I can also see an argument for its necessity. It's a little bit different than other types of loans because for decades we drove all our children towards college by pitching them that if you go to college and get a degree you're gonna have a decent paying job and be at least somewhat well off in life.
In reality, we drove them towards predatory lenders and for profit colleges (which are rampant in this country) while not only failing to educate people on career and degree guidance, but also failing to provide well-paying jobs/opportunities (the latter is a systemic issue with lack of wage growth and lack of retirement opportunities for people currently in the work force for the past 20ish years).
So as a result while in concept I'm not a huge fan of funding loan forgiveness, I do think there's an argument that economically for our future and our system we can't really just have an entire generation saddled with unsustainable college debt. It creates a ton of economic ripple effects not only now but decades down the line. So at the end of the day I am okay with repayment to some extent.
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Right. And it sucks for them.
But what about the people that knew it was a scam, didn't go to school, make less per year on average because of this...but have zero debt. How is it fair to these people? So they should be punished while these college educated kids get bailed out?
It's bad form