Official Student Debt Cancellation Watch Thread

[Houston911]

Yea im sure everyone in the thread giving you the is wrong and you alone are right

yeah, a guy who wants reparations “doesn’t wanna see niccas eat”

lsu owes you a refund my brotha

 

[No1]

When was student loan relief supposed to be a “black thing”? It helps black borrowers who have proportionally more debt and for whom debt holds them back even further, but the program or idea was never a “black thing” so being against it because you got from somewhere it’s supposed to disproportionately help blacks and it isn’t is a flawed stance - whoever sold you on it being targeted to blacks was speaking out of turn, or maybe you sold your self that lie ...

It is because Warren framed it as such with her cut off. That’s when it started.

 

[No1]

@king kr


You’re slow fam

you sound stupid saying I don’t want “niccas” to eat when I want a policy where more of the money goes to “niccas”



I for sure want any Loans y’all took out for anything related to reading comprehension to be forgiven immediately. They failed y’all.

I’m confused at the point you’re making. No one is getting money from loans being cancelled except wherever people spend that disposable income. Student debt is something occurred as part of the welfare queen phenomenon of the 80s and Republican cuts to education. If you’re going to say that college and universities should be tuition-free going forward as a matter of policy (and they’re starting that with community colleges), then it only makes sense to eliminate the debt of the generation that took it all on to better themselves because of the fukked up system. It is literally our money seeing as how most people’s debt is owned by the federal government and we’re choosing to say fukk that - you don’t owe me.

 

[CBalla]

yeah, a guy who wants reparations “doesn’t wanna see niccas eat”

lsu owes you a refund my brotha

Everyone in this thread is wrong and you are right


you can move on now

 

[Houston911]

Everyone in this thread is wrong and you are right


you can move on now

Everyone isn’t wrong - @King Kreole is a smart brotha who can read

 

[CBalla]

Everyone isn’t wrong - @King Kreole is a smart brotha who can read

I dont think anyone cares about the red herring you keep tryna make breh

cacs gonna get loans relieved, so what

 

[King Kreole]

Everyone isn’t wrong - @King Kreole is a smart brotha who can read

Thanks breh. This discussion has gotten weirdly overheated and personal, would prefer if people stick to debating the issue in good faith and making and countering points via evidence and logic.

 

[Houston911]

Thanks breh. This discussion has gotten weirdly overheated and personal, would prefer if people stick to debating the issue in good faith and making and countering points via evidence and logic.

you’re blind or lying if you say you haven’t seen people touting loan forgiveness as some sort of racial justice

if you want loans forgiven cool, but f*ck you if you got a problem with someone wanting that money to be allocated in a way that helps more black people than what has been proposed/discussed

the data clearly shows that money being put in the lower income brackets helps blacks more disproportionally. This is not an opinion, it’s a fact.

 

[CBalla]

you’re blind or lying if you say you haven’t seen people touting loan forgiveness as some sort of racial justice

if you want loans forgiven cool, but f*ck you if you got a problem with someone wanting that money to be allocated in a way that helps more black people than what has been proposed/discussed

who in this thread is doing that

quote em and go at them


i dont think anyone in this thread really cares about that tbh only you for the most part

 

[CBalla]

“
Q. Which student loan borrowers are most likely to default?
A. According to research by Judy Scott-Clayton of Columbia University, Black graduates with a bachelor’s degree default at five times the rate of white bachelor’s graduates—21% compared with 4%. Among all college students who started college in 2003–04 (including borrowers and non-borrowers), 38% of Black students defaulted within 12 years, compared to 12% of white students.

Part of the disparity is because Black students are more likely to attend for-profit colleges, where almost half of students default within 12 years of college entry. And Black students borrow more and have lower levels of family income, wealth, and parental education. Even after accounting for types of schools attended, family background characteristics, and post-college income, however, there remains an 11-percentage-point Black–white disparity in default rates.
”
Who owes all that student debt? And who’d benefit if it were forgiven?

I dont need to make personal attacks or insults when I can post links and facts

 

[King Kreole]

I dont think anyone cares about the straw man you keep tryna make breh

cacs gonna get loans relieved, so what

Cacs get loans relieved in either side of this debate, because a lot of cacs have student debt. Student loan cancellation is not reparations. But it is a substantial economic policy that can have an effect, in one direction or the other, on the state of the racial wealth gap, depending on how the policy is designed. Just like any widespread debt relief policy (like medical debt, auto debt, homeownership debt, etc). Discussing policy design shouldn't be a problematic phenomenon in HL, and believing in means-testing a policy to target a specific subgroup isn't beyond the pale.

 

[Houston911]

who in this thread is doing that

quote em and go at them


i dont think anyone in this thread really cares about that tbh only you for the most part

You do realize all these simple Simon nikkas were quoting a post where that was what I was talking about though right?

“
Q. Which student loan borrowers are most likely to default?
A. According to research by Judy Scott-Clayton of Columbia University, Black graduates with a bachelor’s degree default at five times the rate of white bachelor’s graduates—21% compared with 4%. Among all college students who started college in 2003–04 (including borrowers and non-borrowers), 38% of Black students defaulted within 12 years, compared to 12% of white students.

Part of the disparity is because Black students are more likely to attend for-profit colleges, where almost half of students default within 12 years of college entry. And Black students borrow more and have lower levels of family income, wealth, and parental education. Even after accounting for types of schools attended, family background characteristics, and post-college income, however, there remains an 11-percentage-point Black–white disparity in default rates.
”
Who owes all that student debt? And who’d benefit if it were forgiven?

I dont need to make personal attacks or insults when I can post links and facts

what does ANY of this have to do with the demographic I’m talking about?

I have repeatedly said I’m talking about the high earning brackets where 10 percent of the money is going to black people

 

[CBalla]

You do realize all these simple Simon nikkas were quoting a post where that was what I was talking about though right?



what does ANY of this have to do with the demographic I’m talking about?

I have repeatedly said I’m talking about the high earning brackets where 10 percent of the money is going to black people

You being nit picky

who cares... first its “yall keep tryna say this is a racial justice issue” now this

at the end of the day 50k off fed loans helps out a lotta black and brown people


seriously who irl cares about the argument you keep tryna force

Cacs get loans relieved in either side of this debate, because a lot of cacs have student debt. Student loan cancellation is not reparations. But it is a substantial economic policy that can have an effect, in one direction or the other, on the state of the racial wealth gap, depending on how the policy is designed. Just like any widespread debt relief policy (like medical debt, auto debt, homeownership debt, etc). Discussing policy design shouldn't be a problematic phenomenon in HL, and believing in means-testing a policy to target a specific subgroup isn't beyond the pale.

So for that reason I guess there should be 0 student loan reform and forgiveness




or you could reform & forgive , since it would be a good policy overall, and address racial wealth gap separately in a much more creative way

 

[King Kreole]

“
Q. Which student loan borrowers are most likely to default?
A. According to research by Judy Scott-Clayton of Columbia University, Black graduates with a bachelor’s degree default at five times the rate of white bachelor’s graduates—21% compared with 4%. Among all college students who started college in 2003–04 (including borrowers and non-borrowers), 38% of Black students defaulted within 12 years, compared to 12% of white students.

Part of the disparity is because Black students are more likely to attend for-profit colleges, where almost half of students default within 12 years of college entry. And Black students borrow more and have lower levels of family income, wealth, and parental education. Even after accounting for types of schools attended, family background characteristics, and post-college income, however, there remains an 11-percentage-point Black–white disparity in default rates.
”
Who owes all that student debt? And who’d benefit if it were forgiven?

I dont need to make personal attacks or insults when I can post links and facts

This is beyond the scope of the debate in this thread, because no one has stipulated that black high-income debt holders are in comparable financial security situations as white high-income debt holders. The question is, whether or not excluding all high-income debt holders, including the relatively few black debt holders in that bracket, is better or worse than a more targeted debt relief policy vehicle aimed at the income pool where a relatively high amount of black debt holders inhabit. I've been (trying to) debate the distributional impacts of each vehicle. It seems like people think this debate is between high-income whites vs high-income blacks instead of high-income vs low-income.

 

[CBalla]

This is beyond the scope of the debate in this thread, because no one has stipulated that black high-income debt holders are in comparable financial security situations as white high-income debt holders. The question is, whether or not excluding all high-income debt holders, including the relatively few black debt holders in that bracket, is better or worse than a more targeted debt relief policy vehicle aimed at the income pool where a relatively high amount of black debt holders inhabit. I've been (trying to) debate the distributional impacts of each vehicle. It seems like people think this debate is between high-income whites and high-income blacks instead of high-income vs low-income.

Shouldnt be any debt for higher learning period in the richest country in the world, major reforms are needed


but I salute your maturity in discussing this issue bro, instead of insulting everyones intellect who disagrees with you like a novice