What are Dems doing with Student debt? And why??

It's not the dems, it's Biden. He has usurped the powers of the congress and the courts in deciding to make an executive order to forgive student debt. I wouldn't be surprised to see this get challenged in court.

 

Me and you. After paying off our own SL debt.

I'm against this. Higher Ed needs to be revamped in some way to reduce the skyrocketing costs and huge loan burdens, but there's no just way to do that retroactively. At least not that I've seen.

 

I also don't approve of this as a blanket forgiveness. Revamp the criteria for Public Service Loan Forgiveness to be better and more quickly implemented (5 years vs 10 or something), and make sure that those applications are easier to file and approved more quickly.

I'm fine with using student loan forgiveness as a carrot to incentivize graduates into certain careers or fields, but a blanket forgiveness is a handout to others that (as exiled stated) tax payers have to cover after millions of us have already paid off our loans through hard work and sacrifice.

 

Obviously President Biden must not have gotten the news. Obviously he is pandering for votes.

Expectations of Student Loan Repayment, Forbearance, and Cancellation: Insights from Recent Survey Data

We study a national sample of 13,423 consumers who reported high-level information about their past and current loan repayment behavior, their experience with student loan forbearance, and their expectations of future forbearance and student debt cancellation.


We highlight four key findings:

Three-quarters of borrowers who were making regular payments before the pandemic expected to be able to make their payments in full after blanket pandemic forbearance ends.​

Here's a link to the survey data.
Expectations of Student Loan Repayment, Forbearance, and Cancellation: Insights from Recent Survey Data

 

Just stupidity. Are we going to cut a check to all those who chose an alternate path because they knew they couldn’t afford it. And who make less than 125k.
Talk about feeding the red base.

 

Me, I'm just enjoying how mad this makes some people

 

Because young voters have to be prodded to get off their butts and vote.

 

Who's gonna pay back all those PPP loans that were forgiven? Or the debt we accrued for all the military hardware we simply left as trash in Iraq and Afghanistan? Give me a break on this line of argument.

 

And if you want a 'real' answer, it will be all the interest earned on other student loans lol. That's how loans work!

 

I’m surprised we got that honest of a “trying to buy votes” answer out of someone on this board.

 

Does make me wonder if this type of pandering actually works. I mean if you got what you wanted prior to the vote what more could possibly be offered to get people out of their seats and into the voting booth.

 

Its always interesting to see people that want leaders to support the concerns of every day working class Americans until it personally costs them money or gives someone else a benefit they didn't get.

 

He's following through on his campaign promise.

 

Student loan forgiveness is just another attempt to buy votes via income redistribution. This time the income is coming from working class to benefit college educated.

The focus shouldn't be on student loans, It should be on the outrageous tuition that 'nonprofit' colleges are charging for education that doesn't prepare students for real jobs.

 

"I am outraged that somebody else is getting this benefit that I didn't!" I'll never understand that sort of selfish outlook on life. It ain't hurting the people complaining about it. And it will help some folks.

 

Why is motivating people to vote for you by delivering actual stuff a bad thing? Classic Democrat brain is thinking that is somehow cheating. Thats how politics should work. Sure beats the normal Democratic message of "we cant actually do anything for you, but would you rather see a Republican in charge?"