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> Because this money is not free. It comes from the blood and sweat of other tax payers. Care to take a guess at how much money -- sorry, "blood and sweat" --

> Because this money is not free. It comes from the blood and sweat of other tax payers. Care to take a guess at how much money -- sorry, "blood and sweat" -- this will cost a taxpayer? $200/year. How much is annual tuition in the US? $8,000 on average, $2,000 at my local public college. If this paves the way for future policies to forgive new loans similarly, that $200/year will decrease as the backlog of existing loans are out of the pool. At which point, every single taxpayer could get the same education for less than $200/year as opposed to $2,000 - $15,000+. ($2,000 being the cost of my local public college, $15,000 being the annual tuition at the school I attended; the + meaning I understand there are more expensive places.) This is not "the blood and sweat of taxpayers". This is 2 weeks' food bills spread over 52 weeks with the potential to give those taxpayers an education along with everyone else who they're paying taxes for. > And goes to clearly morally bankrupt portion of population. Those who over spend with debt money. So you can't think of any reasons someone might have student loan debt other than "they made bad choices and are immorally expecting other people to pay for it"?

Ekaros 4y ago
So why not start forgiving credit card debt regularly too with other tax payers money? There is lot more of it and it causes even more issues. Or payday loans?
- IceMetalPunk 4y ago
  Credit card debt can be for anything. Student loans are only for education. No one's trying to subsidize your new car, only something that's important to society.
  - ejb999 4y ago
    >>Student loans are only for education. Nice try, but not true - you get the loan, you can do what you want with it as long as you stay in school...rent, spring break vacations, food, entertainment etc. none of that has anything to do specifically with education.
    - Jcowell 4y ago
      When I went to University, I never directly touched the loan. It always went directly to the university. I couldn’t have taken it to go to spring break even if I wanted to.
    - IceMetalPunk 4y ago
      As someone who graduated with $60k in student loans, thank you for mansplaining to me how student loans supposedly work. Some loans go directly to the schools. Others do get disbursed to the student. But you said a key phrase in your own comment: "as long as you stay in school". Money is fungible. If I get paid $5,000 in student loans and use that to buy a computer, but then I have to pay $5,000 out of pocket for tuition, that is identical to me paying for tuition with the student loans. The second I decide to stop paying tuition, the loans stop as well. So it doesn't matter what a student spends the check on directly, as long as they're using that money and paying tuition, the student loan is being used for education.

Ekaros 4y ago

So why not start forgiving credit card debt regularly too with other tax payers money? There is lot more of it and it causes even more issues. Or payday loans?

IceMetalPunk 4y ago
Credit card debt can be for anything. Student loans are only for education. No one's trying to subsidize your new car, only something that's important to society.
- ejb999 4y ago
  >>Student loans are only for education. Nice try, but not true - you get the loan, you can do what you want with it as long as you stay in school...rent, spring break vacations, food, entertainment etc. none of that has anything to do specifically with education.
  - Jcowell 4y ago
    When I went to University, I never directly touched the loan. It always went directly to the university. I couldn’t have taken it to go to spring break even if I wanted to.
  - IceMetalPunk 4y ago
    As someone who graduated with $60k in student loans, thank you for mansplaining to me how student loans supposedly work. Some loans go directly to the schools. Others do get disbursed to the student. But you said a key phrase in your own comment: "as long as you stay in school". Money is fungible. If I get paid $5,000 in student loans and use that to buy a computer, but then I have to pay $5,000 out of pocket for tuition, that is identical to me paying for tuition with the student loans. The second I decide to stop paying tuition, the loans stop as well. So it doesn't matter what a student spends the check on directly, as long as they're using that money and paying tuition, the student loan is being used for education.