Current Events > Student Loan forgiveness is a horrible, dreadful idea

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Over 40%, 1.5 trillion debt will be defaulted. In fact both numbers are expected to get much higher, as time continues in USA.

So pretty much around half the people who get these loans, are screwing their credit for life. Becoming unable to get mortgages and highend credit cards, and massive car loans.

Which is a GOOD THING!

So what would happen if we forgive and paid these loans for these financial Darwins?

The people who made these loans will just take different loans and credit cards they can't pay, while the banks and loan companies get all the forgiveness money, plus extra from these same Darwin's NEW debt they irresponsibly take and can't afford to pay back.

You really think some future Social Justice major who agreed to a $90,000 loan with interest towards the heavens, is ever going to make smart life decisions when it comes to money?

Why don't we do something smarter.

Loan forgiveness and free college for STEM and Agriculture degrees only.

If someone wants to pay $60,000 to learn liberal arts, why should anyone else have to pay the bill when they make nothing from it, and contribute nothing useful back to society?

If they want to do loan forgiveness/free schooling. Government should ONLY pay for education that leads to needed jobs and a better workforce. Not the classes colleges use to scam new age day dreamers and slackers out of all their money.

See how many people take the scam courses if the useful ones are the only free ones.

Nah, thats still a derpy idea. Just eliminate the interest.

TC, you should really talk to some people from other first-world nations around the world. A small group of people have taken over America and are scamming the shit out of us. Other countries, things like higher education and healthcare are a given.

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Novice User
User Since: Jan 2020
Karma: 30

Because every time this topic is made, it's made by a low karma alt. Why is that?

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Only loan forgive STEM and Agriculture tbh

Bad topic
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1. let them default on loans
2. abolish usury

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Whatever you're smoking...double or half it, because the current dosage has you babbling incoherently with shitty ideas.

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Umbreon posted...

Novice User
User Since: Jan 2020
Karma: 30

Because every time this topic is made, it's made by a low karma alt. Why is that?

I agree with him

Check my karma
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Umbreon posted...

Novice User
User Since: Jan 2020
Karma: 30

Because every time this topic is made, it's made by a low karma alt. Why is that?

it's easy shitposting bait and the monkeys in this board rather argue with someone over stupid topics telling them they're wrong instead of going full stop and say "this guy is trolling, better ignore and move on"

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GoodOlJr posted...

I agree with him

Check my karma

you dont need to help op dig deeper

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BylethEisner posted...

they make nothing from it, and contribute nothing useful back to society

Citation needed.

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Took me a little while to get the joke.

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ultimate reaver posted...

you dont need to help op dig deeper

Just do what my country did

No interest on student loans moving forward
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Instead of loan forgiveness, we should tackle the stupid interest rates, as well as the insane tuition prices.

Rhylos posted...

Instead of loan forgiveness, we should tackle the stupid interest rates, as well as the insane tuition prices.

This to, but the original idea is actually pretty good. There have been lots of articles over the past few years how people went and got Liberal Arts degrees and now no one will hire them because the degree is worthless to the jobs they are applying for. Its a high tech world now, gender studies isn't going to get you anywhere. I mean isn't it something like a million tech jobs will be needed to be filled in the next few years/decade or something like that? We should be doing everything we can to encourage people to get a STEM degree.

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