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I disagree so very much! Default rates on student loans are about %40. Home mortgages are about 4% and auto loans are about 6%, for comparison. I've lived thi
by Balgair 7y ago
I disagree so very much!
Default rates on student loans are about %40. Home mortgages are about 4% and auto loans are about 6%, for comparison.
I've lived this too. My family was able to send me and my siblings to college on our own dimes. We worked our butts off to help the family pay for our schooling. I spent many hours after school in the family business, and many summers too. I had less of a teenage/childhood due to this. I contributed my income after graduation so my siblings could get through without debt too. I sacrificed my time and money for the betterment of my family. My family did the same for me.
Hopefully, I have proven that I have sacrificed enough to be considered a real voice in this conversation.
I would LOVE to cancel all these debts.
I've seen my friends and other family members struggle with these $800/mo debts for nearly a decade now. It does nothing for nobody but some rich jerk. I'm tired of seeing the people that I love struggle and be punished for trying to help the world. Yes, fine, I'm better off because of my sacrifice and my family's. And yes, fine, wiping out that debt would 'invalidate' that sacrifice, whatever that means. But I'd much rather sit on my porch my friends and drink a beer, rather than sit alone on my porch and drink 2 beers while my friends drive for Uber on the weekends.
Enough is enough. This pain is unnecessary and thus is cruel.