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- - Student loans (https://www.talkofthevillages.com/forums/current-events-news-541/student-loans-314887/)

Quote:

Originally Posted by jimjamuser (Post 1889868)

When an individual gets increased education, BOTH they and the greater society will benefit.

True but..............when that "individual" takes out a loan for whatever reason, that "individual" has a personal obligation to pay it back on his dime, and from nowhere, or anyone else.

Quote:

Originally Posted by collie1228 (Post 1886703)

This whole issue is merely a way to further subsidize private colleges and their overpaid administrations. Whenever the government gets into the business of increasing financing of higher education, the colleges and universities increase their prices accordingly. Oh, and does anyone disagree that the vast majority of them are democrats?

Disagree. That was not logical.

Quote:

Originally Posted by jimjamuser (Post 1889868)

When an individual gets increased education, BOTH they and the greater society will benefit.

Agreed but they should be responsible for repaying their loans

Quote:

Originally Posted by Stu from NYC (Post 1889880)

Agreed but they should be responsible for repaying their loans

Everyone that takes out a loan should have to repay their loan. Period.

Almost everyone becomes addicted to FREE CHEESE. Sooner or later they find out there's a mousetrap at the end of the cheese brick.

I paid my student loans off. I want a refund. Seems only fair.

Quote:

Originally Posted by JP (Post 1890586)

I paid my student loans off. I want a refund. Seems only fair.

Agreed. Forgiving student loans is a slap in the face to everyone who worked for years to pay them off.

Quote:

Originally Posted by chet2020 (Post 1886984)

I lean left which puts me far left of most Villagers. I'm not a big fan of forgiving college loans. I do not understand the concept of paying $50K/year at a private college, and graduating with a major in English Lit and $200K in loans. FWIW, most of my liberal friends agree with me. Believe it or not, a lot of we libs are concerned about personal responsibility and the national debt. There is a noisy group of lefties that want full forgiveness of college loans, Biden at least reduced the damage to a $10K reduction, not full forgiveness. We'll see if this all flies. Support from the left will be softer than many think.

I'm a fiscal conservative, social liberal (that means I'm a moderate, kids). I feel that full debt forgiveness without condition is a really bad thing. No lender in its right mind would ever lend to that demographic (students) again, if they learn that the borrower won't have to pay the money back. You end up with only the rich being able to afford to send their kids to school. Remember even poor people with full scholarships have to pay for books, food, in some cases housing, transportation home when the dorms close down for winter/summer break, etc.

What I am -for- is full forgiveness to any student who has had to pay at schools that have closed down, or have been proven to defraud its students and their families.

I am also -for- tuition-free state college/university matriculation. Meaning - if your family actually lives in the state more than 6 months out of the year, you can attend that college/university for free (other than activity/lab fees). But if you choose to live on campus you'd have to pay room and board. If you are from out of state, you have to pay room/board and tuition.

I am -also- for deferral options as a result of the pandemic. Any student who needs to take a year off from making payments should be allowed to do so. Or they can pay the interest only for a year, and return to the usual schedule of principal and interest payments the following year.

In this way, lenders will be able to continue lending, borrowers can continue borrowing, everyone continues to have some responsibility, and no one gets screwed out of an education or whatever money they are owed.

Quote:

Originally Posted by Bay Kid (Post 1887195)

Exactly. Why should responsible, working people pay for the irresponsible, nonworking people? $10,000. forgiveness is $10,000. too much.

In the words of Judge Smails......