Read where a lot of groups that supported Biden are pushing for student loan debt to be forgiven from ten thousand to fifty thousand. What do you all think?

ONLY if they admit that the student loan debacle is a farce that has been a burden on our youth rather than a blessing and dismantle the whole program. Then we can talk about forgiveness.

Sounds like election bait to get the college vote knowing it would never happen. Just like the democrats put legalizing marijuana on the ballot in the counties they needed to win to get the potheads to the polls just to get the crypt keeper elected.

No.

We're going to run out of things to give away free at some point.

The mean amount owed id $35000. They signed up for it they should pay every cent. Its a choice not a burden . Just some were tought about money and some weren't.

I think I didn't go to college and now I pay a pile in taxes, if they use my taxes to bail out my peers I will... I will... ya I'll do nothing because I have no recourse as it is legal and "moral" to rob people in a democracy.

I paid my full student loan debt off. $188/month for ten years starting 1994. I knew what I took on when I signed up and paid in full! It hurt starting off, but I knew that going in! Sorry, you borrow it, you pay it!

Not sure what the farce is? Not being able to require students to pursue majors that could payoff the loans in a reasonable amount of time is the problem. Perhaps maybe the part about the government guaranteeing the loans could be scrapped to put some pressure on the lenders and colleges to cut tuitions since that means that they. Colleges get paid whether the students graduate and can pay the loans back or not. In other words,let market forces return to education.

Crooked jo is already buying votes for the next election 4 years down the road. He is buying the vote for the young nothing more then that. I totally disagree with this gimmy/handout trying to look good for the young generation.

Most of this debt he is going to forgive are people that are doing nothing and partied their way through school. A big waste and what are you teaching our young >>> don't work the democratic will bale us out.

Crooked SOB is a joke!!

I think the borrowers should pay back what they borrowed under the original terms of the loan.

I also think government should get out of the student loan business completely and stay out. It should be managed by the private sector with the forces of supply and demand governing when and how money is lent. That would immediately put an end to loans for educations that have no likelihood of providing a return on the investment while maintaining those loans that do.

SniperB, the biggest problem is they give 18 year old kids who have no job, no idea what they want to do with their life guaranteed loans, with no cap, to attend any college they want for any classes they want. There are people $200k in debt for a social work degree! A $40k a year degree! That’s insane. Those teenagers don’t know what they’re getting into, they think they know everything, but they don’t. The government handing them those loans is putting handcuffs on them under the illusion of opportunity. Interest rates anywhere from 6-15 percent. And the fact that the government just hands these loans out has enabled the colleges to just charge whatever the flip they want for tuition. The entire student loan program must be scrapped. It’s a complete disaster.

If we did away with the whole situation people would be a lot more intentional about where they go to school, and for what, and they’d be able to afford it because universities would have to drop tuition rates or go bankrupt. The market would not bear their rates without guaranteed loans.

The program needs to end. Without the student loan program costs to attend college would be about 20% of what they are today. Colleges charge so much because they know anyone can get the money. They couldn't care less what kind of burden it puts on the young and dumb. They exist as business's.

Business operates on the make as much money as you can philosophy. I don't have a problem with that goal, I have a problem with government programs like guaranteed student loans that claim to benefit the children of people with little money. Putting massive debt on the backs of teenagers, even with low interest, is a bad idea on every level.

No taxpayers should not bail out the indebted.

This is a topic that I have a lot of insight on. My wife and I both have master’s degrees in nursing. We went to school a long time to get them. I have seen what a lot of students buy with their college loans and it’s appalling. Cell phones they didn’t need, cars, computers, expensive housing etc etc. and on top of that, here in Michigan some of them at the time we’re getting food stamps (they’ve stopped food stamps for college kids now thankfully). I went through my undergrad without student loans. I lived at home, had a job or sometimes two. Wife had small amount of loans and she too worked throughout school. We graduated with nursing degrees together and then I went back to school for my masters (while working) she waited until I was almost done and did the same thing. She paid for my school while working full time then I paid for hers. Meanwhile we paid off her loans and by age 28 we had no student loan debt and both working as nurse practitioners. When people complain about their student loans I just laugh and smile. If you use your head and keep an eye on your future while going through school debt isn’t an issue. In my opinion we don’t have a student loan crisis on our hands, we have a work ethic problem and money management problem.

No reasoning or ethics intended to appeal to idiots.

Promise free stuff for everyone then raise my taxes

My oldest son enlisted in the Army upon graduation from college. 4 yrs later his student loan was totally paid off. Last I knew they would pay off up to $80,000. Point is there are options.

Maybe it's time to stop acting like 18 year olds are kids? Why should I pay for their mistakes? We can accept the system did them no favors while acknowledging they need to pay for their own mistakes. Govt needs to get out of indoctrination errr education business almost entirely.

We should lower the interest rates on the loans but that is it, something around 1% would cover administration cost and the cost to borrow the money from the Fed.

The amount of anger I will have if my peers get their loans forgiven will be massive.

Take out a loan, pay it back, simple.
How in the (This word is unacceptable on Trapperman) would allow us pay for their debt?

In the 1960's and 1970's we decided that everyone should go to college. The federal government started insuring bank issued student loans to make sure everyone could afford college. With all the new money available for college two things happened. Colleges found a way to let everyone in and colleges started raising tuition by double digits every year. After all, it was "free money.

If you graduated college in the 1950's you were a "college man" and it meant something. Only the best and brightest could get into college. If you graduate college today, it means almost nothing. Free money for college just made college less rigorous and made a college degree less valuable.

Today, 62% of students who start college graduate and 27% of college graduates work in their field of study. .62 x .27 = .16 Only 16% of college students work in their field of study. That means to me that 84% of high school kids who start college should have done something else instead. Making college more accessible isn't solving a problem.

Well said Jim H. I did the same thing I knew when I borrowed it it would have to be paid back and that's what I did. Eric