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Not solving the entire problem doesn't mean it's unfair, it just means it's a step in the right direction on a longer journey. Policies like this are a first st

Not solving the entire problem doesn't mean it's unfair, it just means it's a step in the right direction on a longer journey. Policies like this are a first step towards policies that apply to future generations. If this can show that forgiving loans retroactively -- all the student loans from decades past that are still being repaid -- is feasible, then forgiving loans proactively for future graduates, which is much less cost, is definitely feasible.

brnaftr361 4y ago
It's definitely unfair. I'm currently in college as a non-traditional student who worked my ass off to avoid the debt trap and socially invalidated myself for a half-decade to do so - now not only is my savings dwindling because of price inflation but I'm also being excluded from this one-time forgiveness. I get no benefit from this, nada. I could've pulled loans and speculated on this - I did in fact expect this to happen - but I believe in personal accountability. Instead of entering the workforce ahead the way things are culminating it looks like I'm going to be entering into it indebted because of shit like this. The only fair move was to remediate the system, this is only going to exacerbate everything already in motion, worse for me, worse for my peers, worse for those forgiven. It does nothing to improve the outcomes of those in the future and everything to worsen them. It's a stupid move to buy votes.
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sul_tasto 4y ago
There was a discussion in the democratic party at the beginning of the Biden administration about offering the first two years of community college for free, similar to what’s been done in Tennessee. This plan was scrapped after universities lobbied the democrats out of fear that it would hurt their bottom line- that is, actually make the cost of college more affordable. This is something that would have benefited everyone, especially the working class. That would have been fair. This half measure is most definitely not a “step in the right direction.” Indeed, your suggestion of finding a way to subsidize new loans at lower cost is exactly what has caused the cost of college to explode - which I’m sure would receive the ardent backing of universities in the US.

brnaftr361 4y ago

It's definitely unfair. I'm currently in college as a non-traditional student who worked my ass off to avoid the debt trap and socially invalidated myself for a half-decade to do so - now not only is my savings dwindling because of price inflation but I'm also being excluded from this one-time forgiveness. I get no benefit from this, nada. I could've pulled loans and speculated on this - I did in fact expect this to happen - but I believe in personal accountability. Instead of entering the workforce ahead the way things are culminating it looks like I'm going to be entering into it indebted because of shit like this. The only fair move was to remediate the system, this is only going to exacerbate everything already in motion, worse for me, worse for my peers, worse for those forgiven. It does nothing to improve the outcomes of those in the future and everything to worsen them. It's a stupid move to buy votes.

deleted 4y ago
[deleted]

sul_tasto 4y ago

There was a discussion in the democratic party at the beginning of the Biden administration about offering the first two years of community college for free, similar to what’s been done in Tennessee. This plan was scrapped after universities lobbied the democrats out of fear that it would hurt their bottom line- that is, actually make the cost of college more affordable. This is something that would have benefited everyone, especially the working class. That would have been fair. This half measure is most definitely not a “step in the right direction.” Indeed, your suggestion of finding a way to subsidize new loans at lower cost is exactly what has caused the cost of college to explode - which I’m sure would receive the ardent backing of universities in the US.