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Cake day: July 18th, 2023

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  • That’s such a cheap shot at my point.

    1. People chose to take out these loans, this isn’t like cancer or slavery.
    2. Someone has to pay for the loans. When forgiven that means every tax payer is taking on that burden. So yes a good thing happening to you can be a bad thing for other people.
    3. Most importantly, forgiving current loans doesn’t prevent more people from falling into the same pitfalls. Meaning you’re just perpetuating the problem

    My point is don’t forgive loans if you haven’t fixed the problem because all your doing then is perpetuating the broken system and burdening everyone with student debt.



  • Too big to fail means that the failure of a business or industry would take the country down with it. The college industry (as it’s more an industry than anything else) has effectively become “too big to fail”. But what’s so insidious about it is that rather than all these schools carrying the debt, they’ve literally pushed it onto the students.

    Forgiving student loans without a plan is a bailout for colleges and only accelerates the broken system.

    As for screwing people over with changes to forgiveness plans (or making them too rigid in structure) is an example of something that needs to be fixed because it’s clearly not working.


  • jacksilver@lemmy.worldtoComic Strips@lemmy.worldHow it feels
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    12 days ago

    I think there are three problems with loan forgiveness:

    1. We can’t just keep bailing people out. If you’re going to forgive loans, you need to actually address the root cause first.
    2. Why do the people who did the right thing by paying back the loans get shafted? They made sure they could pay back their loans and made sacrifices to do so, and now youre letting people unprepared for the loans leap frog them?
    • It’s almost like “too big to fail” but for people.