LogFAQs > #923776153

Mr Lasastryke posted...

i get that colleges in the US are ridiculously expensive and that bernie is trying to fix this issue but cancelling all the student debt does seem a bit unfair, especially since i'm still in the process of paying off my own college debt. maybe lower the debt instead of cancelling it altogether?

tbqh, the whole "it's unfair" thing around this has always seemed utterly bizarre to me. To be frank, it's struck me as a kind of reverse "**** you, got mine"

I mean, I "get" the visceral reaction of "But I had to pay!" but I mean... if we identify student debt as a problem... shouldn't we act to remedy it? We're never going to reach some magical moment in time where all student debt is paid off whereupon we can enact a bunch of reforms to try to improve things going forward. Any attempt at tackling it is going to benefit current debtholders.

FWIW, Warren's plan on this isn't a straight cancelling of all student debt, but it forgives $50k of it for all who earn under $100k (estimated to be around 42 million people). Is that the kind of thing you mean to say you prefer? I do think there is a valid argument in favor of an approach like Warren's so that you can help ensure much of the benefit goes to those earning less as much as can be done given the reality that those who attend college are already more likely to be in more well-off positions to begin with.
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