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The example of rationale for forgiveness here is maddening: “I didn’t know it was going to be this big of a burden” so, because she didn’t know, taxpayers should support that ignorance? What happens when she gets a mortgage – maybe with an ARM, and you don’t know what that means in practice?
It appears this at-large forgiveness push is a consequence of the accomadtions made from the for-profit colleges loan scandal pushing a decade ago, where there were actual allegations and conclusions of deception. Absent such occurances in the university education system at-large, this amounts to coddling ignorance/irresponsibilitiy in those people such as Ms. Hill, who apparently is so distraught about fulfilling her legal obligations, she wants be a lawyer. Reality can be stranger than fiction.
Spot on!
Just let people discharge student loan debt in bankruptcy. Treat it the same as any other debt.
Chris H.
Agreed!
Student debt should be treated as any other debt.
Student debt if I’m not mistaken is the only debt you can NOT
declare bankruptcy on.
Talk about a racket. Lol….l
I love the AP and their creative/leading headlines. This kind of goes along with the “Don’t Say Gay” headlines, although the word “Gay” is not in the bill passed by Florida. But I digress, this is about the “Biden student loan forgiveness plan”. This is not a loan forgiveness program, this is a debt transfer program. Transferring debt from people who willingly took out student loans now looking for handout/bailout to other taxpayers and the ever increasing budget deficit.
No one complained when we called it PPP loans…
THE STUDENT LOAN INDUSTRY and over charging college system needs broken.
“Kavanaugh noted that the administration was citing the national emergency created by the coronavirus pandemic as authority for the debt relief program. ” How much of the coronavirus relief funds have been used for everything but. This is ludicrous. The borrowers consciously signed a note for these funds. I’m also wondering how much of the student loan debt has been used for anything but student loans.