Why? In the United States of America, do so many people stand in need of
assistance?Perhaps we elect corrupt leaders. A sixteen trillion
dollar debt is no accident, and would be enough to make millionaires of all
American people. Sheeesh!
"Student loans" have become a euphemism for "student welfare"
which enables large numbers of people to spend time in colleges taking courses
that have limited employment opportunity, or with very little actual effort to
learn the material in the courses taken.The worst part is that this
creates a sense of entitlement, and dependency, and belief that government
exists to give away free stuff to anyone who asks, deserving or not.Student loans should be a straight financial transaction- you qualify, assume
the debt, and face serious consequences if you do not. Truly needy people can
ask for grants or scholarships, and generous people can contribute to fund
those.Too much of time spent in colleges these days amounts to
little more than being in leftist indoctrination camps anyway, so cutting back
on college loans really has little downside as far as curtailing actual learning
of useful and truthful information.The federal government should NOT
be involved in student loans in any way at all!
Debt is a baited trap, and difficult to get out of.
I have no problem with making the payments easier to handle, but debt
forgiveness is an outrage to the taxpayers who funded the loans in the first
place. The money did not jsut appear out of nowhere, someone had to PROVIDE it
in the first place.maybe we should look at the wisdom of loaning
someone $200,000 so they can get a master's degree in pop-culture (or some
other non or low-marketable degree) from Columbia.
It's easy for people who don't have loans or who have paid them back
to say you borrowed it so tough it out but the reality is that in many cases we
can't. Either we don't have the income, as was my case for 3.5 years
while I only had a part time job, or we still can't pay everything we owe
and still pay rent, food, and other basics. Fortunately I now qualify for IBR
because otherwise I won't what I would do. I can't pay even close to
what my minimum payment should be even with a full time job. The entire student
loan system as well ad higher ed needs a big makeover.
Tough it out.You borrowed it. You pay it back. Why should I be
forced to pay for someone else's bad decision?
If our deficit money were equally distributed to the people, --we may all be