house Bill H.R. 3448
Should All Student Loans Be Forgiven?
Argument in favor
Student loan debt is a major crisis in the U.S. that’s holding many borrowers back from economic security, starting families, pursuing homeownership and more. Forgiving all student loan debt would give borrowers freedom to pursue their financial dreams.
08/16/2019
Fuck the secondary education industry. They have been starting the cultural cycle of debt for decades. We need to stop this kind of predatory lending now.
Argument opposed
This proposal would be wildly expensive, and it’s not clear that the funding mechanism of taxing the wealthy and stock transactions would raise enough money to pay for it, in which case this would add billions to the ballooning and unsustainable national debt.
···
08/16/2019
The ability to make a life decision (borrowing money ie. a loan) in the pursuit of a better life is a decision everyone should consider and decide if it is best for them. To then force society to pay for said decision which was either bad or good is demeaning to the person being paid for and theft of the people having to pay for another’s fully abled and thought out decision.
···
08/16/2019
NO! Part of being an adult is being faithful to your agreements and paying your debts, not dumping them off on your fellow citizens. Omar has no idea what it means to be an American, she is a disgrace.
08/16/2019
NO , ABSOLUTELY NO ! The federal government student loan program should be shut down immediately and returned to the banking system.
This bill you are sponsoring tells me you need to read the US Constitution. Read the Constitution and if you are not compelled to withdraw the proposed legislation...Read the Constitution again....Repeat this until you learn that you should withdraw the bill.
The ability to make a life decision (borrowing money ie. a loan) in the pursuit of a better life is a decision everyone should consider and decide if it is best for them. To then force society to pay for said decision which was either bad or good is demeaning to the person being paid for and theft of the people having to pay for another’s fully abled and thought out decision.
Fuck the secondary education industry. They have been starting the cultural cycle of debt for decades. We need to stop this kind of predatory lending now.
NO! Part of being an adult is being faithful to your agreements and paying your debts, not dumping them off on your fellow citizens. Omar has no idea what it means to be an American, she is a disgrace.
Absolutely, student loan debt has made it extremely difficult for people after college. It limits them from having a good and successful life, student loans should definitely be forgiven.
Yes. It’s a pittance with regard to what is being spent on foreign wars. It will enable these people to put their money into the economy rather than paying off exorbitant interest rates.
NO , ABSOLUTELY NO ! The federal government student loan program should be shut down immediately and returned to the banking system.
This bill you are sponsoring tells me you need to read the US Constitution. Read the Constitution and if you are not compelled to withdraw the proposed legislation...Read the Constitution again....Repeat this until you learn that you should withdraw the bill.
You knowingly took out a loan, be an adult and pay it back. Join the military if you want your loan paid for or free college.
No! (Again, I’m a proud liberal) But kids/ young adults can’t feel that everything should be free. If you forgive debt...then these kids should give back by volunteering or go into a work program in an underserved area for 2-3 years- or ...the military after graduation...they will forgive debts.
We need to avoid A sense of entitlement in young kids. I have seen this emerging pattern in many kids. The responsibility factor is so important.
You need to decide if you want the next generations from the young women of this country. Do you want them to have children and lift the declining birthrate? Do you want them to have children and live on food stamps and welfare? Or do you want them to not have children? Because right now every woman I know my age has either not had kids or their children were accidents and now they are struggling. There’s not gonna be any Social Security money left after you boomers because you stripped every advantage you had away from your children and then have a gall to tell us to pull ourselves up by our bootstraps while we drowned in the debt of the college you swore would give us a better life. Yes forgive student loan debt. Free the whole generation from the burden of student loans. And then get the government out of student loans entirely. If you want to help fund peoples education give it as a grant not a loan. Because my generation can’t buy houses, can’t buy decent cars, can’t afford kids. Can’t afford all the crap the boomers blame us for ruining because we can’t spend money on their crap. And it’s a systemic problem. We are in indentured servitude to our student loans.
So the government should forgive my home loan as well? Lol. Do not sign up for something and go to school for something, that won’t allow you to pay your bills. There are plenty of ways to go to school and save money. Community colleges, trade schools, etc etc. School is a form of an investment. If you invest a major that’s booming or hiring, your return will likely be high, if not, you’re probably not going to have a good return. People should also be aware of cost ratios, if someone can obtain a degree at a public school for 10k a year vs 30k a year at a private. Then go to the public school. Basic math.
Haha no. What about all the people that responsibly paid their loans back - now they’ll have to pay off other people’s too with taxes! Hard no.
It would actually stimulate the economy because everyone struggling with this burden would finally have some room to breathe.
I say no unless I’m going to get a refund on all my student loans I took out 20 years ago. That I have repaid.
I think there needs to be some assistance/relief ...maybe something a bit less extreme? Not every issue has to be ‘all or nothing’ ?
Student loans forgiveness should require public service such as military service. That’s how we got our education benefits was by serving in the military. Giving money to thos3 who have chosen to borrow is wasting my tax dollars
Yes. Part of the push to put America’s children through college, was to also guarantee they would have an opportunity when they graduated. In many cases, college graduates went out into the cruel world during a Republican Recession. (Every Recession is the result of Republican politics and poor economic policies). In some cases, the industry they obtained a degree in, had nearly vanished. No opportunities for them. Then there are the unlucky ones in which capitalists just took advantage of and sold bogus degrees with no real prospects. Basically, students are victims of Republican schemes and games for them to make money and fuck every one else.