Screw those who took the loans?

I'm sure they didn't feel screwed when they took the money...

I've made several suggestions to ease their "burden".

1. Lower the interest rate on the loans...

2. Extend the payback period...

Both of these things will lower their monthly payments...

If you take it literally, it makes a lot of sense.

I love how they cherry pick the least liked people who received PPP Loans...

I received a small one. Without it, due to governmental forced shut downs and regulations, I would have had to close my office and lay off 4 employees.

Even with it, I barely stayed afloat and cut my own salary by 75%...

Yup, I like your post much better!!

They have plenty of money. They're just not spending it on education...

Administrative costs have skyrocketed. UCLA, for example went from 4 to 400 people in their "diversity department"...

That is only one example...

I did the same as you……took out loans and paid them off in 3 years. I went to a junior college for 2 years, worked all the way through, then transferred to an in-state university for 2 more years. Back then, 1976, my beginning teaching salary was $10,000 and IF I had gone to the university for 4 years, it would’ve cost me $13,000 based on the university’s student aid value they had calculated. (I worked in that department when in school)
NOW….a beginning teacher’s salary is $32,000, but the cost of an in-state school is $127,000 dollars.
I’m sure you see my point. Sad, but true.

Did you not read my initial post about my friend's Granddaughter? Apparently not!

She went to a local small university and lived at home with her parents. No room and board expenses by not living in a dorm at a school located far from home. All through high school she worked and did the same thing in college using that money to purchase books and other school expenses. She worked hard in high school and in college to achieve a high grade point average which enabled her to obtain a couple scholarships. She didn't go out at night and party till the early AM, she worked at a job. As I stated her grandparents helped a bit on her expenses, but they are no where near rich so that help was minimal. She then did her Masters on-line which was considerably cheaper. Her degree is in marketing where there is a demand for employees, not some useless degree in a field that is overflowing with applicants for very few jobs. Nearly immediately after receiving her Masters, in July this year, she was hired by Caterpillar Corp and works at the corporate headquarters in Dallas, TX in their marketing department.

No "BEEE ESSSS", just a strong, intelligent young woman's determination to succeed. She has never had the idea that the world owed her a free education or embraced the entitlement victim mindset. One thing I've learned in my 75 years is that losers always find excuses for their failures, and always claim that successful people were given some kind of break that insured their success.

The maximum PPP loan forgiveness is capped at $150K. I own a small business. Where are these lies spreading from that you're sharing? How many businesses would these men have to own in order to receive this kind of forgiveness? If it is legal, what's the issue with it?

The propagandists are winning, and we the people are losing.

42 million others didn't. And instead took the offer and at 18 years old did not understand the full implications. But, lets just screw 42 million Americans that were told to take loans or fail in life.

Very Christian of everyone to not like "forgiving debts" ahem.

"If it's legal what's wrong with it? Hmmm. and if Bidens order is legal, what's wrong with it?

If you look into history (just a few decades you will find hundreds of billions of debt forgiven to billionaires and businesses. And if you look at the loans the previous administration gave out you will find they were so mishandled that over 1/2 the money "disappeared".

Thank you for being responsible!

The education system is broken - I get to witness it first hand. Here are some reasons why:

a) Professor Evaluations... now drive the system. A few results: 1) grade point inflation is incredible; the average GPA in most Universities today is in the A- range. Professors know the quality of the education doesn't keep them employed - it is the student reviews.

b) Entitlement... most students today believe their grades should be based on their effort - not the result. As a result, the quality of education has dropped. However, students believe that with a piece of paper - they are now qualified and knowledgeable.

c) Financing System... at a young age - most students have no perception of what the reality of their debt will mean on their lives; too far off in the future and little perspective of consequences.

d) Professors That Get Promoted... typically not the quality of their teaching - it is the "research" that they've done. Read some of their thesis and you may be shocked; much of it I call "mental masterbation" - lacking any honest benefit and with a a supposed expertise that add no value in the classroom.

e) EXAMPLE: did you know... in most Business Schools - it is the "adjuncts" that get the most reviews for useful education? However, an adjunct makes about $3k per class; a professor with a PhD makes 4x that straight out of graduation. Make any sense? Further, the top adjuncts rarely can be hired full time - unless they get a PhD.

f) Specific Examples? I witness students getting their master's degrees that write paragraphs that wouldn't get a passing grade when most of us went to high school. It is not a rare occurance to get paragraphs over 15 sentences long!

g) This New Give Back? Interestingly, most of my liberal friends dislike the $10k to $20k loan forgiveness almost as much as my conservative friends (has become more difficult in the past few years to maintain both types of friends). There were so many smarter ways to do this - my opinion - not fact, including:

Incentive To Pay Loan. For example, a) zero Interest... as long as the loan payments are made on time, b) extend the number of years the loan can be paid and c) if loans are paid on-time for five years, an incentive of forgiving 25% of the remaining balance.

This loan forgiveness is an insult to so many:
a) Those Who Paid Back Their Loans.
b) Those Who Worked While Going To School
c) Those Who Decided Not To Go To College - And Work In The Trades
... and so many more!