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I find this one hard to get on board with… I took out students loans and struggled financially with very little help from my parents. I graduated with about $2
by hacym 4y ago
I find this one hard to get on board with…
I took out students loans and struggled financially with very little help from my parents. I graduated with about $25k in debt.
Ten years later, I’m finally about to pay it off completely. I’ve been very fortunate to get jobs with salaries that allowed me to do this.
I realize not everyone is fortunate in this way. But, at least in America, college is a financial decision. The argument about whether or not it should be is meaningless here. People knew going in what the cost would be, and how much in loans they’d need to take out.
Someone taking out $100k for an art degree made a decision that likely wasn’t very wise. Why should someone that made more responsible decisions and made sure they’d be able to pay their debts now foot the bill for those that didn’t? This isn’t like other welfare — food stamps, for example. This is someone taking out a loan for something and not being able to pay it back.
It might not directly benefit me because I worked to make sure my student loan could be settled. It’s a really tough sell to anyone that has done that. Had I felt confident we would be forgiving student debt, I would have simply reconfigured my pay off so that it was over the longest possible term with the lowest possible monthly payment and just wait.
If our government decides to forgive student loan debt, I’d fully expect a check in the mail for what I paid. That only seems fair.