Bro, most people on here want the loans forgiven because it’s stopping them from making other life choices. No one said that they’re destitute. But I don’t even know why anyone would use this sub ad a barometer. Student loan default were at an all time high before the pandemic. There isn’t this magical group of people who are so well off that student debt relief would not make a sizable change in their lives. As for your argument about if you’re making it more affordable it should also apply retroactively, we all made that same argument but there’s been so many breakdowns of the crisis on here that anyone trying to point to a handful of HL posters is neglecting the larger societal issue.
Official Student Debt Cancellation Watch Thread
- Thread starter Serious
- Start date
I mean for me, student loan relief would just be one less burden and let me stack more. I’m due to pay these off in 2026 but if someone wants to pay them off sooner, I’m not gonna stop them 
I read it in his dry humor tone.
Wargames
One Of The Last Real Ones To Do It
They could just forgive 10k and/or the loans interests (deferring to whichever amount is bigger) and then make the loans stop accruing interest and people would be satisfied…..
Like this isn’t a hard issue and the lack of imagination around it is pitiful
Like this isn’t a hard issue and the lack of imagination around it is pitiful
They could also forgive 10k and have the loan interest paid count towards the principal and just stop interesting from accruing in the future.
Wargames
One Of The Last Real Ones To Do It
PoorAndDangerous
Superstar
these sopranos memes kill me
The average college dropout has 13k in debt.
I don’t know who the pragmatic crowd is. Student debt relief has widespread support among every demographic except Congress itself.They could. Interest and penalties are two of the bigger issues with regard to student debt and its a more reasonable request than just canceling debt for the pragmatic crowd.
PoorAndDangerous
Superstar
The narrator: “He won’t.”
PoorAndDangerous
Superstar
The head of I.T. Security at my work who used to be a CPA devised a plan to never pay his loans back because of how in debt he was and the interest. He takes a few classes each month at a community college online in persuant of a degree/certificate so his loans are in deferment, it’s cheaper to pay for the classes than the loans since he got a masters degree in accounting. This community college has hundreds of certificates so he can do it pretty much for the rest of his life, if he dies student loans are like the only form of debt where they can’t go after your assets or money for repayment. When he retires he can pull out all his money from his 401k and put it in a savings account so that the only income he has is social security then go on an income based repayment plan. Like he has this shyt all planned out. I’m literally considering doing this but I don’t think my balance is high enough to where a 30 year consolidation loan monthly payment would be that much higher than the community college monthly cost (and they’re eventually going to raise prices). This entire system is fukked, if Biden doesn’t want to forgive any, the least he can do is eliminate interest. Interest is the real insidious nature of student loans. I’d probably be halfway done or more paying my loans back if it wasn’t for interest.