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This is only for people who attended ITT Tech.

lapcat 4y ago
Puts things in perspective. Some people brag that the President has already canceled more than $30 billion in student loan debt, but $4 billion was from just one school. Total US student loan debt is over $1.7 trillion.
- public_defender 4y ago
  One one hand I support this because if you went to a for-profit college which provided you with no career skills and then went out of business, you need help. On the other hand, there is a massive population of people who went to a university of renown (on "good advice"), exited with a liberal arts degree in cartography and +$100k in debt, and who would now stab someone to get a job at Starbucks because that is their only way to get healthcare. They need help too.
  - Auracle 4y ago
    No, they needed help to see that was a dumb decision. That time has passed. The government can’t be bailing out everyone that makes poor decisions, even when they’re young.
    - lapcat 4y ago
      The government actively participated in that decision by providing the loan. One person can't just write themselves a check out of nowhere, it takes two parties. So why shouldn't the government bail out someone who the government put underwater in the first place? Moreover, the government is also financing the universities in various ways. The government is propping up the whole university system into which students become indebted. Funny how the least powerful, least wealthy, least experienced, least knowledgeable people always get blamed: the kids. Never blame the ones who know better and yet continue to exploit the kids: the government, the university administrators, the banks. Not to mention the parents, teachers, and guidance counselors who tell kids they need to go to college, and the employers who demand college degrees for no apparent reason, other than classism. Of course this is just par for the course. In the 2000s when the banks made too many bad mortgages, the banks got bailed out by the government. The mortgage holders did not. The banks are "too big to fail". The universities are too big to fail. So we make the little people fail instead. And the big people, the wealthy people, get to continue failing upward. Consequences are always for debtors, never for loaners.

Puts things in perspective. Some people brag that the President has already canceled more than $30 billion in student loan debt, but $4 billion was from just one school. Total US student loan debt is over $1.7 trillion.

public_defender 4y ago
One one hand I support this because if you went to a for-profit college which provided you with no career skills and then went out of business, you need help. On the other hand, there is a massive population of people who went to a university of renown (on "good advice"), exited with a liberal arts degree in cartography and +$100k in debt, and who would now stab someone to get a job at Starbucks because that is their only way to get healthcare. They need help too.
- Auracle 4y ago
  No, they needed help to see that was a dumb decision. That time has passed. The government can’t be bailing out everyone that makes poor decisions, even when they’re young.
  - lapcat 4y ago
    The government actively participated in that decision by providing the loan. One person can't just write themselves a check out of nowhere, it takes two parties. So why shouldn't the government bail out someone who the government put underwater in the first place? Moreover, the government is also financing the universities in various ways. The government is propping up the whole university system into which students become indebted. Funny how the least powerful, least wealthy, least experienced, least knowledgeable people always get blamed: the kids. Never blame the ones who know better and yet continue to exploit the kids: the government, the university administrators, the banks. Not to mention the parents, teachers, and guidance counselors who tell kids they need to go to college, and the employers who demand college degrees for no apparent reason, other than classism. Of course this is just par for the course. In the 2000s when the banks made too many bad mortgages, the banks got bailed out by the government. The mortgage holders did not. The banks are "too big to fail". The universities are too big to fail. So we make the little people fail instead. And the big people, the wealthy people, get to continue failing upward. Consequences are always for debtors, never for loaners.