271
Americans struggling with student debt expect ‘much worse’ under Trump
(www.theguardian.com)
you are viewing a single comment's thread
view the rest of the comments
view the rest of the comments
this post was submitted on 29 Dec 2024
271 points (96.6% liked)
politics
19271 readers
1617 users here now
Welcome to the discussion of US Politics!
Rules:
- Post only links to articles, Title must fairly describe link contents. If your title differs from the site’s, it should only be to add context or be more descriptive. Do not post entire articles in the body or in the comments.
Links must be to the original source, not an aggregator like Google Amp, MSN, or Yahoo.
Example:
- Articles must be relevant to politics. Links must be to quality and original content. Articles should be worth reading. Clickbait, stub articles, and rehosted or stolen content are not allowed. Check your source for Reliability and Bias here.
- Be civil, No violations of TOS. It’s OK to say the subject of an article is behaving like a (pejorative, pejorative). It’s NOT OK to say another USER is (pejorative). Strong language is fine, just not directed at other members. Engage in good-faith and with respect! This includes accusing another user of being a bot or paid actor. Trolling is uncivil and is grounds for removal and/or a community ban.
- No memes, trolling, or low-effort comments. Reposts, misinformation, off-topic, trolling, or offensive. Similarly, if you see posts along these lines, do not engage. Report them, block them, and live a happier life than they do. We see too many slapfights that boil down to "Mom! He's bugging me!" and "I'm not touching you!" Going forward, slapfights will result in removed comments and temp bans to cool off.
- Vote based on comment quality, not agreement. This community aims to foster discussion; please reward people for putting effort into articulating their viewpoint, even if you disagree with it.
- No hate speech, slurs, celebrating death, advocating violence, or abusive language. This will result in a ban. Usernames containing racist, or inappropriate slurs will be banned without warning
We ask that the users report any comment or post that violate the rules, to use critical thinking when reading, posting or commenting. Users that post off-topic spam, advocate violence, have multiple comments or posts removed, weaponize reports or violate the code of conduct will be banned.
All posts and comments will be reviewed on a case-by-case basis. This means that some content that violates the rules may be allowed, while other content that does not violate the rules may be removed. The moderators retain the right to remove any content and ban users.
That's all the rules!
Civic Links
• Congressional Awards Program
• Library of Congress Legislative Resources
• U.S. House of Representatives
Partnered Communities:
• News
founded 2 years ago
MODERATORS
Tbf, the cost of college education increased at a rate faster than increase in wages, or increase in availability of salaried positions. Not only that, but housing became unaffordable for many because of corporations buying out cheap housing as investments. There are societal failures here, which is why loan forgiveness is reasonable and not just an individual responsibility issue.
Those without college educations are helping pay for it too. I'd support it if it was only college graduates footing the collective bill.
A better educated population is better for everyone in that population
No one agrees to a loan without knowing how much it costs. You agreed to that cost and promised to repay that loan. Nothing else beyond that is relevant. If i bought a home and then lost my job should i be able to stop paying for my home and still be allowed to permanently live there?
Should your unpaid mortgage follow you for the rest of your life? Should losing your job and not getting another one fast enough to keep up with your mortgage mean that you are indebted fo the rest of your life?
Not the same situation. Now if you want to forfeit your degree when you stop paying for the loan then that could be a worthy trade. What you want is to keep your degree and not pay your loan and that isnt appropriate.
If you have direct university loans you will be unable to retrieve your diploma until they are paid.
Are you suggesting they somehow give up their knowledge and understanding? Or are you saying a degree has nothing to do with capability and is just an incredibly expensive pass that just allows you to apply for specific jobs?
The degree is a pass. You want your loan forgiven then you do not deserve to use the pass.
That's a pretty fucked up system then. You have to go into a lifetime of debt and spend years of your life just to get a pass which only provides the ability to apply for specific jobs and nothing else. Sounds like a broken system that doesn't deserve to exist the way it currently does.
I mean, ideally you’re right. Loans are a risky investment in some way, the risk being that you’re assuming some future income which will make it advantageous to take out a loan. However, if wages become historically stagnant, and the housing and job markets are historically unstable, then the social contract of “go to college and get a degree to be a productive member of society” is broken.
Not one single guidance counselor in the 80s or 90s was telling students to not go to college. The fact is that college education become exorbitantly expensive because of the way govt. loans were structured. These are all systemic and economic issues, there’s not just individual responsibility at stake here.
In particular the way they guaranteed student loans so those would be given for a longer period of time and to, ahem, a lot of people. Which created a positive feedback loop.
People have been paying their loans for years and owe more than when they started paying. If loans are that predatory to leave people in life long debt the government should get involved.