IS STUDENT LOAN DEBT FORGIVENESS A GOOD IDEA?


Student loans have been formidable to pay off in a indolent economy, and most new graduates have been struggling underneath substantial debt. One offer is inclined to forgive stude…

{ 24 comments }

No Namm July 1, 2013 at 1:35 am

Here is my problem with this situation—people complain America isn’t living up to its standards in education; critics say America isn’t educated enough. Well if that’s the case, why are so many people saying our culture puts too much emphasis on having a degree?

Gilberto Dorneles da Rocha July 1, 2013 at 2:11 am

If he graduated on STEM, he doesn’t need help.


jcrowley1985 July 1, 2013 at 3:07 am

In a way yes, since the government guarantees the loans. It’s not called a bailout but that is basically what it is because they wouldn’t get NEARLY the amount of business if they didn’t have those guaranteed loans.

John Smith July 1, 2013 at 3:34 am

So true

John Smith July 1, 2013 at 3:37 am

Did we bail out colleges???

dffykvn July 1, 2013 at 3:42 am

Well as long as you don’t pretend to have principles or a reason other than “fuck poor people” it’s fine.

Gary Schultz July 1, 2013 at 4:05 am

I wouldn’t expect you to see it any other way actually. I care naught.

dffykvn July 1, 2013 at 4:26 am

You know that that’s pretty fucking hypocritical right?

Gary Schultz July 1, 2013 at 4:53 am

Pretty much. Yeah.

dffykvn July 1, 2013 at 5:23 am

So government intervention to help people is bad but government intervention to help businesses is good (rewriting bankruptcy laws to exempt student loans from bankruptcy)

dffykvn July 1, 2013 at 5:28 am

Weren’t bankruptcy laws were rewritten in a way so student loans aren’t affected.

Oh right it’s wrong when the government intervenes to help people but when the government rewrites laws to help business it’s capitalism and the people negatively affected don’t have any personal responsibility.

juanita contreras July 1, 2013 at 6:21 am

@meatpieism. I pray you never have to deal with this hassle. Good job at getting a degree that will allow you to pay back the loan you took out.

meatpieism July 1, 2013 at 7:13 am

fuck that the students took out the loans under the assumption they would pay them back, take responsibility for your self and pay the loan. If you were dumb enough to go to a private university and pay a million dollars deal with it. I was smart and went to a state college and will pay my loans. see i also did not wast my time in college on some dumb ass degree I cant get a job with.

jon AL July 1, 2013 at 8:01 am

If the degree was in something useful, then odds are they can afford to pay back the loan to begin with.

Good old catch-22.

Jaenus80 July 1, 2013 at 8:15 am

I think it depends. If someone was a jack ass and spent $80,000 getting a masters in Latin, or dead poetry, then no. Fuck ’em, because that’s definitely a fantasy degree. However if their degree is in something society can actually use, like …ALMOST ANYTHING ELSE… then there should be some assistance there.

roy4922 July 1, 2013 at 8:28 am

Yes, and condemn hundreds of thousands to a lifetime of what is essentially debt slavery when they find themselves the odd man out in the rat race. Gainful employment is a numbers game, unfortunately. Alternatively, they could at least make payback based on future employment like they do in other developed countries.

sha370z July 1, 2013 at 9:15 am

The fed the central bank of the USA is buying 85 billion a mo in debt

jcrowley1985 July 1, 2013 at 9:31 am

It’s only fair since we bailed them out in 2008.

Scott Andrew Hutchins July 1, 2013 at 10:04 am

I have no desire to be a CEO–that’s a job for a lazy parasite. I want to do creative, meaningful work. I’ve gotten to do that from time to time, but never as an employee, only as a 1099 contractor.

Scott Andrew Hutchins July 1, 2013 at 11:03 am

It’s very difficult to freelance when you live in a shelter because you’re beholden to the shelter curfew plus the restrictions on time and so forth using library computers. My degree gives me the advantage of an alumni pass, which allows me to be on the computer a lot more than any public library (hence why I’m on YouTube sometimes), but I can’t work many weekends or any holidays, for example, and I can be kicked off any time demand gets high.

Scott Andrew Hutchins July 1, 2013 at 11:48 am

The positions I’m going for aren’t even managerial, so I’m not sure why someone would think I’m after their job. I’m focused on looking for writing, editing, and video editing jobs, with a BA in English and communication and an MA in cinema and media. I’ve applied to over 1,750 jobs since April 2012 and gone on 17 interviews counting staffing services and junk jobs that give first interviews to any college graduate. Two offers for freelance work that are now over.

JunohProductions July 1, 2013 at 12:44 pm

That sounds kind of bad. I hate that “over-qualified” BS. The only reason why I wouldn’t hire someone who is over-qualified is because I’d fear for my job position.

Scott Andrew Hutchins July 1, 2013 at 1:18 pm

I can do administrative work. I don’t like to–that’s why I went to school. Unfortunately, because I did, I’m dismissed as overqualified from the admin jobs and dismissed as too inexperienced in the field I studied. That’s how I ended up in a homeless shelter. It’s not that I’m not willing to work, I’m just not willing to do work that is excruciatingly painful and against multiple doctors’ advice for a non-living wage, and no one should have to.

JunohProductions July 1, 2013 at 1:52 pm

I wasn’t thinking of only the physical ones. There are also customer support and secretarial positions that people get training for. I was actually considering a job at a customer support company. Easy work(for me) and good money. Not everyone is able to do those kinds of things though. I wouldn’t expect my dad to know how to fix a router remotely.

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