(Closed) Student Loan Debt Forgiveness….What are your thoughts?

posted 5 years ago in Legal
  • poll: What do you think?
    ALL student loans should be forgiven!! : (30 votes)
    12 %
    A percentage of student loans should be forgiven to assist with payback : (44 votes)
    18 %
    More public service options should be made availble to assist with payback : (26 votes)
    11 %
    We should be proactive and educate people about loan/debt options before and after they use loans : (58 votes)
    24 %
    We should make the educational system more affordable and accessible : (82 votes)
    34 %
    IDK....I love polls :) : (2 votes)
    1 %
  • Post # 4
    Member
    3092 posts
    Sugar bee
    • Wedding: June 2013

    I voted all student loans should be forgiven.  I personally don’t think we should have to pay to be educated or to have an educated population…I think it works against us in the US to have education so unattainable for so many.

    I also would vote, if it were on the poll, to make education more accessible/more affordable. 

    I attended an expensive private college.  I had no choice however, I was an aged out foster youth and could either stay homeless or get into a college where I could “live.”  Additionally I did not have the req. cumulative HS GPA to get into a less expensive state school due to bouncing around from foster home to foster home despite getting a 4.0 my senior year while living in a stable placement.  I did recieve some service scholarships.  So, in my opinion several systems failed me as far as education is concerned.

    I got honors in college and after being in the field for 5 years went back for my MSW (I graduate in June).

     

    Post # 6
    Member
    2287 posts
    Buzzing bee
    • Wedding: Central Park

    If I buy a car and decide that the payments are too much for my wallet they don’t just forgive the loan. When you take out a loan you are borrowing someone else’s money, it’s not just a number on a piece of paper. I think that instead of student loan forgiveness they should offer more comprehensive student aid. You can’t just say “we’ll forget about this debt, don’t worry about it” the money has to come from somewhere. With how much of a deficit we have right now, having the government hand out money for people’s student loans is just not a priority in my opinion. There’s so many programs that have had money cut that could get funding instead. And for full disclosure I’m a full time student and I don’t qualify for any finalcial aid because of how many credit hours I have. Everything is paid out of pocket.

    I think the real issue here is that more and more jobs are requiring a college degree of some kind when there’s really no need for it. The Associates degree is the new High School Diploma of the 1950s. People are over educated and under employed.

    Post # 8
    Member
    3092 posts
    Sugar bee
    • Wedding: June 2013

    @bmo88:  Yes.  You are right.  I am not anti-taxes in any way but I do think it would be a hard sell LOL.  At any rate, we don’t have free ed and I’m paying those student loans haha.

    Post # 9
    Member
    3028 posts
    Sugar bee
    • Wedding: June 2013

    Although I agree that I knowingly borrowed money and should pay it back, I am the middle/upper middle class who “should” be spending money into the system and can not.  

    For instance if it wasn’t for the 95k in student loans w/ a Master’s Degree (+45k additional from FH) We would own a home and pay property taxes, we would have children and be spending more money on taking a vacation,etc i.e: feeding the system instead of paying back the gov’t (ours are all federal loans.)  That’s my sole reason for some level of forgiveness because many of my friends are scrapping by or able to accept food stamps because they owe so much money, meanwhile we are the educated 20-30 somethings that are no longer the consumers of goods.

    Not saying if I had no student loans I would spending like Ludacris, just normal stuff instead of hand-me-downs and yard sale microwaves. 

    My degree is in Counseling Psychology so I work as a therapist, 20 years ago my loans would have been forgiven for the kind of work I do if it was in a non-profit setting…not anymore. 

    Post # 10
    Member
    2450 posts
    Buzzing bee
    • Wedding: October 2012

    No, student loans should not be forgiven. 

    You knew you were borrowing money to go. Did people not think they would have to pay it back? Did they think that going to college guaranteed them lots of money?

    Going to college is a gamble. You are putting alot of money into it… and you are betting on the chance that a job will be there for you when you get out. It’s the most expensive casino there is.

    The fact is… not everybody should go to college. But the mindset these days is that it’s just something you do. Therefore, we have people working in jobs that do not require a degree and they are stuck paying off an education they don’t use because it was just expected they would go.

    What we need to do is stop making it a stigma to work out of highschool instead of going to school. Not everybody can be the doctor… some people gotta be a garbage man. And it’s okay if that’s what you want to do.

    There used to be a time where you could either go into management after going to business school OR work your way up by staying with the company. Now the people who spend a lifetime working towards that goal with theyr loyalty to the company are shoved out of the way by newbies straight out of business school because the mindset is that they are better… and they aren’t.

    And there are idiots out there right now who think there are billions of job openings that pay lots of money for someone with a major in women’s art history or something. This is another problem. Colleges give you the freedom to study what you want and not what you need. You are most likely going to be working at Starbucks and paying off your loan afterward.

    What people need is to better understand what they are getting into. They need to understand that it’s NOT FREE. They need to understand that after they graduate, shit gets real and it gets expensive. They need to undersand that education does not guarantee jobs or money. 

     

     

    Post # 11
    Member
    3092 posts
    Sugar bee
    • Wedding: June 2013

    @aliciapdx:  I think it still would be if you were spending a certain percentage of your time with direct clients and I believe they have to be children from low SES.  I qualified for one forgiveness on a federal loan for working as a case manager for homeless youth.  And that was the criteria, youth, low ses, non-profit.

    Post # 12
    Member
    3092 posts
    Sugar bee
    • Wedding: June 2013

    @rosworms:  Not everyone can be a garbage collector either.  Those jobs are limited.  What’s not limited is the amount of people who can only get a job as a garbage collector so the workers become disposable to the employer.

    Actually I read that there is a shortage of degree holders to fill jobs in certain fields like technology and engineering. 

     

    Post # 13
    Member
    261 posts
    Helper bee
    • Wedding: June 2014

    I personally think higher education should cost significantly less, and forgivness-for-service programs should be expanded.

    When applying to college, I did everything I could to keep my debt low: merit scholarships, graduated in 3 years, borrowed as little as possible – but still had $15K. Not a whole lot compared to a lot of undergrads. I have since started medical school, where tuition alone is almost $60K a year (and there is no way I could be working, so with living exenses it is a total of $75K/year).

    I would never consider taking out $300K+ in loans if I did not know that I would be able to pay it off with my future career, but it is ridiculous that in order to become a physician, I have to start with the equivalent of a house in debt. Maybe it is just me, but that seems absolutely ridiculous.

    Post # 14
    Member
    141 posts
    Blushing bee
    • Wedding: June 2013

    I would love for my student debt to disappear, haha.  I feel like my degree is absolutely useless and I’ll never get them paid off 😐

    Post # 15
    Member
    2450 posts
    Buzzing bee
    • Wedding: October 2012

    @icetea:  again, that kinda goes with one of the points i made about people choosing majors and degrees that are worthless because they enjoy them. kids think that if they get a degree in something, there will be jobs…. instead of looking at what degrees are needed and getting those instead.

     

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