MAGA is happy to ridicule and mock students who are buried alive in compounding interest, calling them "commies" and "dead beats" and "bums" and all the rest, but not a word about the Merchant Class being handed billions in free paychecks to sustain their private businesses during lockdowns. Once again, it's "socialism for the rich, consequences for the poor."
How can the feds justify loan forgiveness for the Merchant Class but not for poor students?
"Asking for a friend." 🙄
This conservative would do 2 things about student loans: make them dischargeable by bankruptcy again, and end all Federal student loan guarantees. If you want to get a Masters in gender studies, have at it, but the taxpayers will neither loan you the money to do so, nor will they guarantee/backstop any private lender.
The only reason university degrees took on the stature they did because employers were barred from giving IQ tests by Griggs vs Duke Power, which itself draws from the 1964 CRA as the basis for the decision, because the employees that were "discriminated" against were black.
Agreed. The govt' shouldn't have gotten involved in student loans. I know for a fact that tuition was about $1,500/ year before student loans. These loans (which were designed as financial traps) were a "solution" to a problem that never existed. Look at the govt incentives for EVs. As soon as they went away, Tesla dropped the price by exactly $7,500. Kamala was talking about giving first-time home buyers a $25k down payment. Everyone was quick to realize that would only bump the cost of homes by $25k.
The gov't NEVER helps any situation by handing out checks. I'm not advocating for that by any means. But if we're going to hand out "free" money to foreigners and rich folks, then we should extend the same to American students so they can move on with their lives and get out from under all this crushing debt. Millions of them are being excluded from the economy (buying homes, cars, etc.) because the student debts are throwing off their debt/ income ratios. If the gov't wants to help the economy, they'd release the debt slaves from bondage.