If the government "forgives" all the student loan debt, how is that fair to graduates who paid off their debt?

Mathew 20:1-16

The students who paid their loans in full agreed to do so, the contract is between them and the government, not between them and other students.

I struggled for many years to pay off my student loan and I am completely in favor of relief or even outright forgiveness for others who have loan debt. My money is gone now. It won't come back if others' loans are lessened or forgiven. My loans were very low interest ones taken out at a time when the student loan program was not supposed to make a huge profit and were more manageable (I'd have laughed at that comment thirty years ago) than current ones are.

All that aside, student loan debt was not dragging the economy down when I was dealing with my loans as it is now. Tuitions were nowhere near as high as they are currently and because interest rates were lower MOST people with loans were able to pay them and still have enough money to buy a decent car, save for a down payment on a house, etc.It's well past time for people my age to stop squeezing the life out of young adults and their finances.

With the millennial generation everything needs to be 'fair.'

They are like little babies - 'Oh why did he get one and not me.'

Cry me a river. Work hard and take it as it comes. Being a little b#$%h isn't going to get you anywhere.

The Federal government taking over management of student loans is just another step toward nationalizing higher education. It works like this:

1. Higher education is the best recruiting tool Democrats have.

2. Democrats pay off their college recruiters by making it easy to get ridiculously large loans to pay for increasingly expensive fees for degrees that can not possibly justify the expense.

3. As the fees rise, fewer and fewer people can afford to pay for college without the loans, forcing more and more people into the federal loan program where easy money flows from the federal government, through college students to the Democrat recruiters running college campuses.

4. The students graduate, there are no jobs, they can't pay off loans, bad news.

5. The Democrats at the federal level forgive all the debt.

6. They simultaneously buy the loyalty of an entire generation of graduates, buy the loyalty of every college professor and administrator, make anyone who opposes the plan seem like a mean spirited villain, while effectively nationalizing higher education.

7. Seemingly no one ever has to pay the price, it's freaking magic, or is it?

The moment you allow the government to buy votes with money from the public trough you've lost your country.

If not Columbia, then New Mexico, Oregon, for sure...

Yeah, it's much better for the government to buy votes from corporations and billionaires than from its citizens.

Both my son and my daughter had a balloon.

The girl's balloon popped.

To make it fair I popped my son's balloon and that made my daughter happy.

Popped wrote:

Both my son and my daughter had a balloon.

The girl's balloon popped.

To make it fair I popped my son's balloon and that made my daughter happy.

Is that supposed to be profound?

Let's try this. How about we pass a Constitutional amendment guaranteeing equal protection under the law, so that everyone gets treated equally by the federal government no matter what their circumstance is. Then everyone would know it's fair.

Wait! What! We already have one of those? Then why isn't it upheld?

It would be grossly unfair on several levels but since when have politicians of the state ever concerned themselves with being fair?

The state cares about nothing more than maintaining and growing the state. And that includes creating messes so that they have something to clean up thus seemingly justifying its existence.

The student loan mess/sky rocketing tuition are unequivocally the fault of the federal government and its student loan program. Just like the housing bubble - the difference being the state had banks to hide behind and take the blame.

Any level or type of forgiveness would more or less result in a generation of people that don't understand obligation and personal responsibility involving debt/finance and sets us up for another catastrophy in the future.

You signed a contract -> pay your debt -> learn your lesson -> do not repeat

liberal perspective:

You signed a contract -> you don't have to pay it back -> no lesson learned -> repeat in 10y with something bigger like a mortgage

And, wait a minute, who's there in 10 years to clean up the mess again? The state and people like HRE.

Please start connecting the dots.

Krispy, this isn't an exclusively liberal program. The history of the federal student loan programs is full of bilateral support.

The problem is a lot of kids who attend college really have no business is doing so. They only do because they have been told there whole lives that it's the only way to having a job and making a decent living. There's a state school for anyone with a pulse these days so they'll get accepted somewhere.

Most would be better off at a trade or technical school learning something useful to do.

Looks here wrote:

Krispy, this isn't an exclusively liberal program. The history of the federal student loan programs is full of bilateral support.

Wrong; just because both parties support something doesn't mean its not liberal.

No fiscally conservative person can say the federal student loan program isn't liberal without lying to themselves and the people around them.

I only pay a fraction of what my payment should be because of income based repayment. Who makes the other part of my payment? I think the government does, but I am not sure. I could possibly pay my payment if I got another job, but I ask why? Because I am pretty sure the government is making up the difference between what I owe and what they deem I should be able to afford to pay, I now have more money to spend. I pay taxes on the things I buy, the companies I buy stuff from have a better income, they pay more taxes, and the government gets their money back, just in a different way. It may not be fair to the other people who have paid back their loans, but life isn't fair. Maybe if enough people played the system the system would be forced to change, but I am going to ride it out as long as I can, hopefully only for 20 years total instead of the 30 I was supposed to have to worry about.

Educate yourself wrote:

Loans are forgiven for some in the public sector like teachers. You have to work your tail off for low wages for years to qualify. The loan forgiveness is a way to incentivize qualified people to do government work for lower pay.

LOL, average fed govt salaries are now, what - almost $100k? Teachers make an average of what, $60k nationwide? And they get 2.5 mos off, medical, pension, 7.5 hour day, union job that's nearly impossible to be fired from, etc..

But yes, let the taxpayer be bent over to "incentivize" these poor selfless humanitarian Mother Teresa-like govt workers.......who have earned a reputation for doing crappy work, when they work at all...

Seems like the car and mortgage payments come first. I guess because if you default on those they will take away the car or house. Can't take away your education. Just ruin your credit score.

You assume a lot in your post. Should probably look into more instead of assuming.

SOH wrote:

Mathew 20:1-16

The students who paid their loans in full agreed to do so, the contract is between them and the government, not between them and other students.

This just posted on buzzfeed: Not all student loans are Government sourced. All student loans are guaranteed by the Government.

If you can't imagine this to be another banking scheme that will blow up spectacularly, then I can't help you. It's going to end badly and we, the taxpayers, will bail out the banks, again.

I love the bible reference.

Why, ignorance is bliss, yo!

Liberals don't care about social justice. They only want to buy votes with tax dollars.