Free College and Discharge of Existing Student Loans

[Irving]

Now I'm confused. I assume the meme must be referring to some statistic that more people don't go to college than those that do. I'm curious as to how the income levels and tax rates really shake out on who's paying for what though.

As to the topic at hand, college is clearly broken (in no small part thanks to the government, as usual), but erasing debt does nothing to fix the problem. People who've taken out loans they don't feel like they can pay back must take responsibility for their decisions. It IS bullshit how much college costs, but no one forced you to take those loans. Check cashing and payday loan places have interest rates up to over 1,000%. 1,000%. But no one is talking about rescuing those people.

College can be fixed, but forgiving the debt while not changing anything else is much more a complete failure than it is even a band aid approach.

[whitewalrus]

... Check cashing and payday loan places have interest rates up to over 1,000%. 1,000%. But no one is talking about rescuing those people.....

Well, in CO they capped it at 36% with no other fees to be charged, if I can remember correctly. But that's my point, any type of debt can crush someone, so why just student debt.

[JohnnyDrama]

Now I'm confused. I assume the meme must be referring to some statistic that more people don't go to college than those that do. I'm curious as to how the income levels and tax rates really shake out on who's paying for what though.

As to the topic at hand, college is clearly broken (in no small part thanks to the government, as usual), but erasing debt does nothing to fix the problem. People who've taken out loans they don't feel like they can pay back must take responsibility for their decisions. It IS bullshit how much college costs, but no one forced you to take those loans. Check cashing and payday loan places have interest rates up to over 1,000%. 1,000%. But no one is talking about rescuing those people.

College can be fixed, but forgiving the debt while not changing anything else is much more a complete failure than it is even a band aid approach.

Sounds kind of like the medical insurance issue....