Official Student Debt Cancellation Watch Thread
- Thread starter Serious
- Start date
Leavingtheecstasy
All Star
Sorry, for some reason I never saw this.
I am not sure if there's any way to fix our current political situation at this point. Mu best guess would be to allocate power to more than the two party system. That way every single politician doesn't have to fall in line in one form or another. Perhaps the next generation of politicians will be better..... of course that's probably going to fall on deaf ears. If I had a surefire way to fix our current issues I wouldn't be posting here, I would be trying to make it happen.
PoorAndDangerous
Superstar
Not only is politics broken, American humans are broken.
People are self interested. Which often leads to self harm.
Student loan cancellation doesn't solve the issue of why students need to (and are able to) borrow so much to begin with. College shouldn't cost so much to begin with, but there doesn't seem to be an effort to actively lower tuition as there are too many interested parties in keeping it high. What a load of crap.
PoorAndDangerous
Superstar
It’s not just that. Look at a map of the most educated to least educated states, then look at the 2020 electoral map. It’s literally 1 for 1 identical, unsurprisingly the most educated southern state Georgia, flipped.People are self interested. Which often leads to self harm.
PoorAndDangerous
Superstar
The government created the problem by guaranteeing student loans.
Yes, the federal government started the conundrum but these schools were all to eager to increase tuition. Add the fact that they add all these ancillary fees and inflate the prices of their books, supplies, and services. Kids are paying thousands of dollars more than they need to for an actual education. And still somehow school's show a deficit in their annual budgets
There's value in new and shared experience. People have the capacity to be better. We often just selfishly choose not to.
PoorAndDangerous
Superstar
There’s a lot of accounting fukkery involved here.Yes, the federal government started the conundrum but these schools were all to eager to increase tuition. Add the fact that they add all these ancillary fees and inflate the prices of their books, supplies, and services. Kids are paying thousands of dollars more than they need to for an actual education. And still somehow school's show a deficit in their annual budgets
That’s the conservative argument and it argues that we should just cut federal funding and somehow the market will correct. And maybe it will to a certain degree but it’s equally as likely that people will just get private loans. The real reason is that during the Reagan years it was believed that the federal government should not be in the business of guaranteeing anything - including college. Federal finding of colleges and universities was severely cut and the cost was shifted on to the consumer. Brut federal loans you’re seeing people receive now are essentially the replacement for the subsidized education of the past. We traded in the belief that college was a natural extension of k-12 for the rugged individualism of loans. The government was also no longer in a position to directly control costs.
PoorAndDangerous
Superstar
To the same degree? Sure. But let’s not pretend that parents wouldn’t just co-sign for their kids. All that aside, the reason you gave for the rise in costs is incorrect and is a conservative argument to mask the fact that they gutted funding for colleges and universities and created this problem. It may be a contributing factor now but it’s not the root of the problem.