General Discussion

PoindexterOglethorpe

(28,488 posts)

11. Much of student debt should be forgiven.

Sun Apr 4, 2021, 10:11 AM

Apr 2021

Next step is to make public colleges and universities as affordable as they were when I first went off to college in 1965.

A few years ago I told my son that when I started college, it was possible to live at home, work at a minimum wage job full time over the summer, maybe part time during the school year, and make enough money (provided you saved most of your paycheck) to pay for tuition and fees at at least some public universities.

The true problem is that state legislatures have systematically been cutting funding for higher ed for the past 50 years. Along with that is the stupid idea that everyone needs a four year degree. The community colleges are still an excellent bargain and offer an amazing range of vocational degrees and certificates. Or, they're a wonderful inexpensive way to get your first two years of college out of the way.

But yeah, I'm good with cancelling a bunch of student debt.

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Will Biden cancel student loan debt? As college costs spiral, here's what he's considering [View all] DonViejo Apr 2021 OP

How about we lower the interest rate on them? DenaliDemocrat Apr 2021 #1

How about zero interest as long as you are paying back in good faith? Piratedog Apr 2021 #2

Oh fabulous idea. If you are unable to pay Voltaire2 Apr 2021 #6

--- just restore the ability to bankrupt yourself out of it. 3Hotdogs Apr 2021 #3

If he's publicly exploring the idea, then I would suspect this will happen. Politicub Apr 2021 #4

Uh have you looked at state university costs lately? WhiskeyGrinder Apr 2021 #12

A little, but not enough. I like the state-college cost guideline, though. It Politicub Apr 2021 #21

$50k for 4 years was at least a decade ago. More like $80 - $90k now Arazi Apr 2021 #16

Great idea. Another way government for the people Voltaire2 Apr 2021 #5

Let's play a game: Who Wants to be Popular? aocommunalpunch Apr 2021 #7

Canceling at least some student loan debt will go a long way... OneGrassRoot Apr 2021 #8

Change pay as you earn to 5% of adjusted income from 10% Johnny2X2X Apr 2021 #9

This is a problem in need of a solution, but only up to a point. NCDem47 Apr 2021 #10

I 100% agree! Many people worked 2 jobs to pay it back! Nt USALiberal Apr 2021 #19

Much of student debt should be forgiven. PoindexterOglethorpe Apr 2021 #11

We have to do something about the historical economic model that we have relied on. Blue_true Apr 2021 #15

Again, the community colleges are incredibly good at this. PoindexterOglethorpe Apr 2021 #17

Excellent points. Blue_true Apr 2021 #29

Forgive it all. WhiskeyGrinder Apr 2021 #13

There is another side of student loan debt that could be addressed PufPuf23 Apr 2021 #14

A good start, but does nothing to address the cost of education Merlot Apr 2021 #18

the kind of issue that can sink 2022 WarGamer Apr 2021 #20

I paid off my loans this year and I'm cool with hypothetical David's debt reduced by $50k SYFROYH Apr 2021 #22

But that's just it... WarGamer Apr 2021 #23

None of those people are ever going to vote for Democrats anyway. meadowlander Apr 2021 #28

I'm not sure going for the Trumpist base is profitable. SYFROYH Apr 2021 #30

I'm not advocating going for the Trump base. WarGamer Apr 2021 #31

I'd say good on him for becoming a social worker. meadowlander Apr 2021 #27

Looking at the arguments here.... Xolodno Apr 2021 #24

Housing market would take off like a Bat out of Hell blm Apr 2021 #25

In some areas, such as SF, I think property values will drop. Xolodno Apr 2021 #26