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I'm not some sadist who likes watching anyone suffer, but there's no easy way out. My earnings and earnings potential will likely forever be below someone who

I'm not some sadist who likes watching anyone suffer, but there's no easy way out. My earnings and earnings potential will likely forever be below someone who graduated from ivy league. My network is also much smaller and less affluent. Now telling me I have to pay the tuition of folks that went to said schools, via taxes, is a giant slap in the face.

nirvdrum 5y ago
I've not seen this debate contextualized that way. Is it predominately ivy league grads calling to have their debt canceled? If so, I think that really ought to be highlighted.
- silisili 5y ago
  I mentioned it because Yale specifically is one I passed on due to the loans I'd need to take. That said, a quick Google says that 12% of student debt per year is taken by students at elite schools, despite it representing a tiny portion of borrowers. Link below. https://www.brookings.edu/opinions/biden-is-right-a-lot-of-students-at-elite-schools-have-student-debt/no https://www.brookings.edu/opinions/biden-is-right-a-lot-of-s...
  - nirvdrum 5y ago
    When I click that link, I get redirected to https://www.brookings.edu/articles/no-aid-to-religion-charitable-choice-and-the-first-amendment/ https://www.brookings.edu/articles/no-aid-to-religion-charit.... The article is titled "No Aid to Religion?: Charitable Choice and the First Amendment". I read it, but it was written in 1999 and not relevant. I'm not sure what's going on there. I did manage to find the article though. Thanks for sharing. Based on my own experience attending a private university, I had thought students at ivy league schools mostly used private loans. Unfortunately, the article doesn't break out which debt is government-backed and which isn't. This much debt in general is problematic for young professionals, but my understanding is that "cancel student loans" is about the government-backed debt. I'll have to see if I can find a breakdown somewhere.

nirvdrum 5y ago

I've not seen this debate contextualized that way. Is it predominately ivy league grads calling to have their debt canceled? If so, I think that really ought to be highlighted.

silisili 5y ago
I mentioned it because Yale specifically is one I passed on due to the loans I'd need to take. That said, a quick Google says that 12% of student debt per year is taken by students at elite schools, despite it representing a tiny portion of borrowers. Link below. https://www.brookings.edu/opinions/biden-is-right-a-lot-of-students-at-elite-schools-have-student-debt/no https://www.brookings.edu/opinions/biden-is-right-a-lot-of-s...
- nirvdrum 5y ago
  When I click that link, I get redirected to https://www.brookings.edu/articles/no-aid-to-religion-charitable-choice-and-the-first-amendment/ https://www.brookings.edu/articles/no-aid-to-religion-charit.... The article is titled "No Aid to Religion?: Charitable Choice and the First Amendment". I read it, but it was written in 1999 and not relevant. I'm not sure what's going on there. I did manage to find the article though. Thanks for sharing. Based on my own experience attending a private university, I had thought students at ivy league schools mostly used private loans. Unfortunately, the article doesn't break out which debt is government-backed and which isn't. This much debt in general is problematic for young professionals, but my understanding is that "cancel student loans" is about the government-backed debt. I'll have to see if I can find a breakdown somewhere.