Fogdog
Well-Known Member
Parents did not pay my tuition, they didn't have the money. I worked while going through college for my double major and didn't accrue student debt. I think taking on debt for an intangible at that stage of life is a dumb idea. I thought the same when going through college too. I worked my ass off to avoid it. There was a trade-off between study time, sleep and work time that I had to make. I did fine after college but I could have done better while in college. That said, I came out of school debt free which gave me flexibility in career choices during a critical time and it paid off.So we punish those who've managed to pay? What about the folks who hold up their end of the contract?
Shiiiit, gimmi my Tree Fiddy dollars!
I get your point. Your point about fairness is not wrong its just not important. Was the recent corporate tax cut fair? Especially when it will be paid for by the government accruing debt that people to be named later will have to pay? Fairness doesn't seem to be applied when the wealthy get their vig in exchange for 2018 campaign donations.
The result from wiping off student debt isn't particularly efficient -- it's not as if forgiveness of student loans immediately pumps money into the economy. So, why do I think it's a good idea? What it does is address economic harm to the generation that entered the workforce in the teeth of the depression we are sill recovering from. By wiping away student debt, they will be able to move forward more quickly into other acts that do help the economy going forward, such as taking the risk of working for a start-up or having kids or buying a home.
This is why we need a good debate in congress over what to do with students who are deep in debt and still dealing with the remnants of the recent economic depression. Regarding fairness, something can be worked out to salve the burn that people who sacrifice to pay down student debt will feel if that is deemed important enough.