As a Democrat I CANNOT Support Biden after he forgives student debt

Yep and the whole student loan system is a scheme designed by banksters to relieve the middle class of what what’s left of its wealth after the decades long GQP campaign of wealth transfer from the 99% to the 1% via tax policy. (Speaking as a well off parent who paid off $300K in student loans for my kids.)

I have supported almost all of Biden's bills so far but not this one. There are irresponsible decisions that cause kids to graduate with serious debt. From my experience, kids from poor families get a free ride so this doesn't involve them. The kids who CHOOSE outrageously expensive private schools, were irresponsible. We shouldn't reinforce that behavior and stiff those who were more careful with their decisions by giving them nothing.

If the interest rates were too high, the government can make the loans interest free as a help.

I love how triggered people are at the thought of someone making less than 100k getting a $10k break. Joe Biden also decreased the deficit but you don’t hear a peep about that. I’m sure some of you also have no issue printing money for military defense.

Biden made it an election promise to forgive student debt. This is another pretense at being a Democrat-posted thread.

Yes, he did. But that doesn't mean he can't (and he should) reconsider based on the current economic climate. Inflation looks like it's finally levelling off and there is the possibility of it actually going down. If he does this, then it certain risks further increasing inflation. And I'm not OK with people who took out large student loans that they would obviously struggle to repay attend expensive colleges when there were better options like community colleges available. I feel the people who made good, sound financial decisions are going to be on a short end of the stick (again).

And guess what Carmine and co, I'm a left-leaning moderate who voted Biden and oppose all things Trump. Amazing how this country is full of people who aren't just "red or blue."

10k on a 40k loan isn’t necessarily free

Community schools are garbage. I came out of college in 2014 and a bachelors was helpful at getting in with a good company. Some of you seem to think everyone went to Yale for gender studies or something.

Armstrong is not smart enough to recognize that we are not all wanting to be members of a cult where we are obligated to drink the Kook-aid and support our party over our country. Some of us are willing to think for ourselves and not permit our party leaders to determine what policies we support on every subject. For Armstrong Liz Cheney cannot possibly be a Republican because she does not support Trump, just as we cannot be Democrats if we do not support everything that AOC wants.

There are no cost-free economic solutions. The balance is between the current burden endured by the wider population through paying higher prices as against the greater individual cost imposed on the fewer number seeking higher education, whose skills are also a crucial investment in the country's future and not just their own. Inflation has been far worse in even recent history than it is now so the balance so far still goes with Biden's policy.

You are not smart enough to know what I think, as you have just demonstrated.

You have already stated it. Checkmate. It is over. I am a Democrat who thinks at a level you cannot reach so you reflexively label me a liar because you cannot fathom someone who is not a sheep like you.

This issue is classic small picture thinking by those who who think this is a travesty of justice. Classic poke yourself in the eye thinking. I can see why you might be tweaked. My parents used to complain endlessly about having to pay taxes that benefit the public schools, since they no longer have a kid in public school! But think bigger. Society has over and over again proven to benefit the most from education. Countries around the world have shown this as well. To the extent it should be free in the first place (which benefits everyone) and considering the well established corruption of loan servicers (who have since changed their name, a la philip morris) one can easily see yourself clear to accept such a paltry forgiveness as 10K, let alone during a pandemic that has devastated people and economies. Kind of makes sense now right? It just doesn't make sense to be outraged. You benefit from people who go to school to be engineers, doctors, teachers...I myself have paid back 200K in loans. Did it really need to cost me 200K to heal the sick? Meh, seems counterproductive for society. Maybe college doesnt have to be free like it is elsewhere, but maybe we are on the wrong track when just getting educated becomes a major money making industry. It takes time and effort to become an electrician, but not 100K + in loans from smarmy loan servicers to do so. Dont be so outraged about things that benefit you everyday (aka, my mantra for libertarians)!

Cancel the debt for people buying Jordans. It’s a human right for a toddler to wear them

The explosion of college debt is a serious problem. Reducing some of that burden on students isn't a bad thing, especially as more and more of the employment world wants some college on the resume.

Forgiveness by itself can't be the full solution, though. If you forgive some (let alone all) of student debt without controlling the cost of education, you're just encouraging colleges to increase their fees even more. They've already been outpacing inflation for decades.

So, how about this...pair loan forgiveness with restrictions on the rate of tuition and fees growth that colleges are allowed to implement without consequences.

Example: Higher ed institutions may not increase tuition and fees more than the overall amount of national inflation in the previous year. If they violate this, they are removed from the list of institutions for which students are eligible to have their debt forgiven. Students vote with their wallets and the offending schools are robbed of much of their potential talent.

It’s not new. After my G.I. Bill was used up I got student loans. 1972. After teaching at Napa State Hospital Adolescent lockup wards for 4 yrs my loan was forgiven with an addendum explaining that the waiver was in recognition of valued service in Social and educational services.
Aren’t there some good reasons for loan forgiveness? Not so b&w as many portray it?

Probably all good points. If...we are going to forgive loans, we are implicitly saying that education is out of control cost wise. So we need to fix that end. People should be able to go their public XYZ state University and not pay 30 grand a year for the love of pete. I borrowed 8K for undergrad, good investment seems reasonable. But unless you are rich, you aint getting through something like Med school without 100-300K in loans from shady folks. (servicers I should say). Even undergrad at a state college is 100k without grants or scholarships. That aint good for anyone. I can almost see if you choose to go out of state, but even in-state universities, public universities are 25-30k a year. That's not what we intended with state schools.

One problem you should see is that colleges will continue to raise tuitions at faster than the rate of inflation because the government draws on the paying power of the taxpayers who have precious little say in whether the tuition is a price they would pay. Put differently, the government, in guaranteeing student loans and cancelling education debts, is distorting the ways that prices get set. This has been going on for decades and in favor of the colleges. That's a big part of why tuitions are so incredibly high.

Colleges are run by big business. Every college's board and dean is full of ex-CEO types. If you restrict their ability to get funding from students, they are going to take a huge sh%t on students by cutting profs in favor of TAs and having all classes be 1500+ people held in concert halls and sports arenas.

Higher ed is extremely expensive in the US primarily because state government funding for higher ed has dropped precipitously over the past 40-50 years thanks to anti-tax advocates who have slashed state government budgets in order to reduce taxes.

The secondary cause of the explosion in tuition has been competition among schools to bring in students. As tuition goes up, students become very selective consumers. When I went to college in the late 1980s early 90s, state schools were cheap and you got what you paid for. Dorms were awful, food was crappy and the facilities were minimal. But students just moved like cattle from their public HS to the big state U in their state and did not consider going out of state. As tuition got more expensive, state schools started competing for out of state students. They did this in two ways. First, they improved facilities with nice new dorms, student centers, fancy gyms, lazy rivers, and fancy new buildings. Second, they started recruiting expensive celebrity faculty and establishing very expensive research institutes to attract students interested in computer science, engineering, medicine etc. The latter actually became a bit of a necessity as private industry learned that it did not have to provide college grads any sort of career development/training if they could get colleges to offer the same sort of training disguised as a masters program tied to a research institute. My dad graduated from MIT in the early 1960s and went to work at Raytheon in a research lab that worked on radar and laser guidance systems. It was like a graduate program with the new college grads divided up into groups who worked with a senior researcher on various projects while being taught advanced research techniques and physics. Today, you would have to do a Phd to get that kind of experience and possibly do post doc work.

The answer to higher education funding is to fund it and not force all the cost on to students. States and the federal government need to fund higher education so that tuition is a nominal burden on students.

That will happen in many areas that the government spends money on. Contractors, companies that do business with the government raise their prices all the time. The Pentagon can't account for $21 Trillion in spending. Where do you think it went?