General Discussion
In reply to the discussion: I'm actually in shock about how much negativity there is coming from democrats about [View all]dsc
(53,426 posts)One, there are underlying causes to why education became so expensive that need to be fixed. States not paying their share of college funding, colleges using creature comforts to complete for students, for profit institutions fleecing students, refusal to use endowments to hold costs down. Forgiving debt does nothing about any of that, so in a few years we would have to do this again.
Two, college debt should be treated the same as other debt. Currently the near inability to escape it via going bankrupt is one of the huge problems with college debt. But this debt isn't the only debt that weighs people down. Let this be like any other debt. Debts caused by fraud of the colleges, forgiven outright. The rest paid back at a reasonable interest rate or forgiven in bankrupcy as needed.
Three, this would serve to transfer wealth from a set of people who are both less educated and poorer to those who are more educated and richer. I don't see the fairness in that.