• This is a political forum that is non-biased/non-partisan and treats every person's position on topics equally. This debate forum is not aligned to any political party. In today's politics, many ideas are split between and even within all the political parties. Often we find ourselves agreeing on one platform but some topics break our mold. We are here to discuss them in a civil political debate. If this is your first visit to our political forums, be sure to check out the RULES. Registering for debate politics is necessary before posting. Register today to participate - it's free!

Debt forgiveness is a totally backward idea

S

Slavister

DP Veteran
Joined
Jun 8, 2018
Messages
11,200
Reaction score
8,261
Gender
Undisclosed
Political Leaning
Undisclosed
Debt forgiveness for schooling is a totally backward idea that says
- if you worked summer jobs to pay off some of your tuition, you wasted your time
- if you worked hard to get scholarships, you wasted your time
- if you are a [grand]parent who helped out your kid to pay for school, you wasted your money
- if you are a [grand]parent who diligently contributed to 529 plan to use for school, you wasted your money
- if you finished school and thought as responsible person you should pay off your school debt asap, you were wrong
- we encourage people to take on debt over and above those that believe in paying off their bills

Fair proposals include
- pay back tuition to former students, no matter whether it's paid off or not
- don't pay back anything; just make public schools free starting year 20XX
 
Personally, I would like to see student loans bankruptable if the student isn't able to get a job in their field after 5 years of documented trying

However, I would only do this for STEM and other majors where the job prospects are high. The dude with the philosophy degree should have known better.
 
Slavister said:
Debt forgiveness for schooling is a totally backward idea that says
- if you worked summer jobs to pay off some of your tuition, you wasted your time
- if you worked hard to get scholarships, you wasted your time
- if you are a [grand]parent who helped out your kid to pay for school, you wasted your money
- if you are a [grand]parent who diligently contributed to 529 plan to use for school, you wasted your money
- if you finished school and thought as responsible person you should pay off your school debt asap, you were wrong
- we encourage people to take on debt over and above those that believe in paying off their bills

Fair proposals include
- pay back tuition to former students, no matter whether it's paid off or not
- don't pay back anything; just make public schools free starting year 20XX
Click to expand...



Employers practically require a college degree yet nearly half of wage earners make less than living wages for the area they live in. Both a college ed needs to be made more affordable and COL wages need to be the minimum instead of giving it away to those who don't need or use it, the rich and large corps, being done through the Trump tax handout/redistribution of revenue.

Almost half of all Americans work in low-wage jobs - CBS News

Nine out of 10 new jobs are going to those with a college degree - MarketWatch

Recovery: Job Growth and Education Requirements Through 2020
 
Fortunately, most people see this. Warren killed her campaign with this "student loan forgiveness" nonsense.
 
bluesmoke said:
Employers practically require a college degree yet nearly half of wage earners make less than living wages for the area they live in. Both a college ed needs to be made more affordable and COL wages need to be the minimum instead of giving it away to those who don't need or use it, the rich and large corps, being done through the Trump tax handout/redistribution of revenue.
Click to expand...

I don't think contradicts what I said in the OP in any way. Debt forgiveness is an extremely dumb and unfair proposal and there are much better one that should have been made.
 
Slavister said:
Debt forgiveness for schooling is a totally backward idea that says
- if you worked summer jobs to pay off some of your tuition, you wasted your time
- if you worked hard to get scholarships, you wasted your time
- if you are a [grand]parent who helped out your kid to pay for school, you wasted your money
- if you are a [grand]parent who diligently contributed to 529 plan to use for school, you wasted your money
- if you finished school and thought as responsible person you should pay off your school debt asap, you were wrong
- we encourage people to take on debt over and above those that believe in paying off their bills

Fair proposals include
- pay back tuition to former students, no matter whether it's paid off or not
- don't pay back anything; just make public schools free starting year 20XX
Click to expand...

Does shoving the idea down our throats that you must go to college by k -12 public education have anything to do with it?
 
Slavister said:
Debt forgiveness for schooling is a totally backward idea that says
- if you worked summer jobs to pay off some of your tuition, you wasted your time
- if you worked hard to get scholarships, you wasted your time
- if you are a [grand]parent who helped out your kid to pay for school, you wasted your money
- if you are a [grand]parent who diligently contributed to 529 plan to use for school, you wasted your money
- if you finished school and thought as responsible person you should pay off your school debt asap, you were wrong
- we encourage people to take on debt over and above those that believe in paying off their bills

Fair proposals include
- pay back tuition to former students, no matter whether it's paid off or not
- don't pay back anything; just make public schools free starting year 20XX
Click to expand...

Funny thing is our weak American citizenry poo poos/enables Teacher loan forgiveness

Why do you think that is?
 
Slavister said:
Debt forgiveness for schooling is a totally backward idea that says
- if you worked summer jobs to pay off some of your tuition, you wasted your time
- if you worked hard to get scholarships, you wasted your time
- if you are a [grand]parent who helped out your kid to pay for school, you wasted your money
- if you are a [grand]parent who diligently contributed to 529 plan to use for school, you wasted your money
- if you finished school and thought as responsible person you should pay off your school debt asap, you were wrong
- we encourage people to take on debt over and above those that believe in paying off their bills

Fair proposals include
- pay back tuition to former students, no matter whether it's paid off or not
- don't pay back anything; just make public schools free starting year 20XX
Click to expand...

A more fair proposal would be to allow the (public or government certified) schools to have institutional loan accounts (initially funded by state issued bonds) - as money is repaid by past students, it could be re-loaned to current students. Institutions which did not produce graduates who repay their loans (on time) would soon lack the funds required to loan to future students thus require (ever more) cash only tuition or cease to exist.
 
tacomancer said:
Personally, I would like to see student loans bankruptable if the student isn't able to get a job in their field after 5 years of documented trying

However, I would only do this for STEM and other majors where the job prospects are high. The dude with the philosophy degree should have known better.
Click to expand...

Yeah, study something you have no motivation to study because hard asses that think and feel for everyone because they have a God complex said so.
 
Slavister said:
I don't think contradicts what I said in the OP in any way. Debt forgiveness is an extremely dumb and unfair proposal and there are much better one that should have been made.
Click to expand...

Then you advocate to get rid of bankruptcy altogether also?
 
Taylor said:
Fortunately, most people see this. Warren killed her campaign with this "student loan forgiveness" nonsense.
Click to expand...

Not before Bernie and even Pete I think got on that train unfortunately.

Moonglow said:
Then you advocate to get rid of bankruptcy altogether also?
Click to expand...

Are you suggesting that people should take out student loans and then just declare bankruptcy when done with school?

I would not mind bankruptcy having much tougher consequences than it is now. E.g. 15 years to wipe it off instead of 7. But in any case, I don't know why exactly you think it's related to OP.
 
Taylor said:
They didn't have a trainwreck discussion with a voter go viral showing just how out of touch she is.
Click to expand...

Maybe they did not, but they might as well have - it's effectively the same policy. Bernie is running on this debt forgiveness nonsense as one of his main policies now. I hear him speak of it more and more often.

Here is the video that you were referring to



P.S. I will still vote for Bernie but this is just a really dumb idea that they keep pushing.
 
A lot of students get worthless liberals arts degrees and they wonder why they are asking " do you want fries with that"? They are stupid to put it mildly.
 
Slavister said:
Debt forgiveness for schooling is a totally backward idea that says
- if you worked summer jobs to pay off some of your tuition, you wasted your time
- if you worked hard to get scholarships, you wasted your time
- if you are a [grand]parent who helped out your kid to pay for school, you wasted your money
- if you are a [grand]parent who diligently contributed to 529 plan to use for school, you wasted your money
- if you finished school and thought as responsible person you should pay off your school debt asap, you were wrong
- we encourage people to take on debt over and above those that believe in paying off their bills

Fair proposals include
- pay back tuition to former students, no matter whether it's paid off or not
- don't pay back anything; just make public schools free starting year 20XX
Click to expand...

I would not be opposed to a plan that let people with huge debts go into some public service that would pay a very modest amount directly to them, with a bunch of additional payments going toward their debt (ie, rather than simply paying them a lot and leaving it to them to choose how much to use to pay off debt). But yeah, I am no fan of this one-time payoff idea.

In addition to all the people it directly screws over (above), it doesn't do anything about a new set of people insisting on going to fancy private schools, taking out loans, and creating a new 'student debt crisis'. I say "anything", but I suppose it actually encourages that behavior. What message does Bernie think people entering high school now will get if they see older peoples' student get paid off in one fell swoop? "Oh, I don't have to worry about taking out big loans" is the most likely one.
 
Last edited:
Slavister said:
Debt forgiveness for schooling is a totally backward idea that says
- if you worked summer jobs to pay off some of your tuition, you wasted your time
- if you worked hard to get scholarships, you wasted your time
- if you are a [grand]parent who helped out your kid to pay for school, you wasted your money
- if you are a [grand]parent who diligently contributed to 529 plan to use for school, you wasted your money
- if you finished school and thought as responsible person you should pay off your school debt asap, you were wrong
- we encourage people to take on debt over and above those that believe in paying off their bills

Fair proposals include
- pay back tuition to former students, no matter whether it's paid off or not
- don't pay back anything; just make public schools free starting year 20XX
Click to expand...

It's also unfair to the taxpayers, who ultimately get the bill for all the government's "free" gifts.

A better idea would be -- if a student was scammed by a college into taking a loan for a worthless degree, the college has to pay off the loan, and take back the degree.
 
Moonglow said:
Yeah, study something you have no motivation to study because hard asses that think and feel for everyone because they have a God complex said so.
Click to expand...

No, find something you are motivated to study that you can get a job with.
 
Mr Person said:
I would not be opposed to a plan that let people with huge debts go into some public service that would pay a very modest amount directly to them, with a bunch of additional payments going toward their debt (ie, rather than simply paying them a lot and leaving it to them to choose how much to use to pay off debt). But yeah, I am no fan of this one-time payoff idea.
Click to expand...

Yeah, I have no problems with public sector jobs that pay less than private sector and direct the difference toward outstanding loans. :thumbs:
 
Taylor said:
Fortunately, most people see this. Warren killed her campaign with this "student loan forgiveness" nonsense.
Click to expand...

Student loan "forgiveness" is essentially an illusion....nothing is forgiven, you just shift the tuition bill to those that never incurred the debt.
 
Bum said:
Student loan "forgiveness" is essentially an illusion....nothing is forgiven, you just shift the tuition bill to those that never incurred the debt.
Click to expand...

It's nothing different. The responsible people pay for the irresponsible.
 
tacomancer said:
Personally, I would like to see student loans bankruptable if the student isn't able to get a job in their field after 5 years of documented trying

However, I would only do this for STEM and other majors where the job prospects are high. The dude with the philosophy degree should have known better.
Click to expand...

Or, as an alternative, individuals with STEM degrees would work in a Government / Civil Service position for X number of months or years in exchange for student loan repayment.
 
Slavister said:
Debt forgiveness for schooling is a totally backward idea that says
- if you worked summer jobs to pay off some of your tuition, you wasted your time
- if you worked hard to get scholarships, you wasted your time
- if you are a [grand]parent who helped out your kid to pay for school, you wasted your money
- if you are a [grand]parent who diligently contributed to 529 plan to use for school, you wasted your money
- if you finished school and thought as responsible person you should pay off your school debt asap, you were wrong
- we encourage people to take on debt over and above those that believe in paying off their bills

Fair proposals include
- pay back tuition to former students, no matter whether it's paid off or not
- don't pay back anything; just make public schools free starting year 20XX
Click to expand...

Let's go through that BS turd by turd:
- if you worked summer jobs to pay off some of your tuition, you wasted your time
The days of being able to make enough money working part-time and Summers to pay tuition disappeared at least a couple of decades ago. There are no victims in this category.
- if you worked hard to get scholarships, you wasted your time
No "you" didn't. You wouldn't have had any debt.
- if you are a [grand]parent who helped out your kid to pay for school, you wasted your money
It cost me a pile to get my kids through college and it wasn't wasted. I wouldn't have minded it not costing that much so I'd have more to leave them, though.
- if you are a [grand]parent who diligently contributed to 529 plan to use for school, you wasted your money
See above
- if you finished school and thought as responsible person you should pay off your school debt asap, you were wrong
Who thinks that other than BSers like you?
- we encourage people to take on debt over and above those that believe in paying off their bills
Encourage, my ass. For too many people it's the only way to finance university education for most people today.

Final note: It's always amusing and enlightening to see rightwingers like this one grunt and strain to come up with what must seem to them as "brilliant" points which are based on and made up of the just the usual, stale but pure rightwing BS.
 
Taylor said:
Fortunately, most people see this. Warren killed her campaign with this "student loan forgiveness" nonsense.
Click to expand...

Another poll of one rightwinger declaring itself "most people."
 
Taylor said:
Fortunately, most people see this. Warren killed her campaign with this "student loan forgiveness" nonsense.
Click to expand...

No, she killed her campaign by flip flopping on M4A and calling herself "capitalist to the bone".

Student loan forgiveness is supported by most progressives.
 
You must log in or register to reply here.
Back
Top Bottom