Estimate on Student Loan Forgiveness

[imperiouskitten]

Originally Posted by cs616 [You must be logged in to view images. Log in or Register.]

Didn't Biden help pass the legislation that made it impossible to erase student loans through bankruptcy? I'm going to go with doubtful we see any student loan forgiveness.

That said, as someone with no debt who traded 4 years of my life participating in pointless middle eastern wars for free college, I wouldn't be opposed to it. Expecting coddled high schoolers to understand the ramifications of taking on potentially decades of debt to pursue an education they've been told their entire lives they need is unreasonable, and is burdening an entire generation. I'd rather socialize the losses of individuals than of corporations, which is something we don't see to have a problem with.

Lets be real, at this point the money is all made up anyway, whats another trillion?

bolded the bingo. The college finance system is indeed a scam of massive proportions perpetrated on the young and underprivileged. I was ALWAYS going to do it because my parents didn't go to college and bought the hype. The costs are dramatically inflated vis a vis the federal financing system, and the institutions are taking advantage of the students through the government. It's pretty wicked.

As for what Biden did in the past, it doesn't matter. At all. He is not a man of principles or even strong opinions. The question is which way does the wind blow today?