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The very principle of erasing loans that students willingly made a promise to pay rubs me the wrong way. You entered into an agreement and then borrowed money.
by atonse 3y ago
The very principle of erasing loans that students willingly made a promise to pay rubs me the wrong way.
You entered into an agreement and then borrowed money. But now are expecting the country to pay your loan back?
I would’ve been ok with erasing the interest. Just not the principal.
- Gibbon1 3y agoWhat other options and choices did the system make available to them? For many the choice was take on loans and go to college. Or not go to college. With everyone and his dog telling them to pick the first choice. Also if one knows how it all works it's obvious it's just a give away to the banking industry.
- atonse 3y agoI can’t find the source so please refute the following but you find evidence suggesting otherwise, but a non-trivial portion of the loans were for graduate degrees which are totally extra and unnecessary in the sense of “what choice did they have” But again, I’d personally like to find that source to verify if this is true. And if it is, those loans had no business getting forgiven.