Great news. Horrible policy that needs to be killed for good.
Also, straight buying votes.
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I have always been against loan forgiveness, but I would completely support some sort of interest rate lock, limit or cancellation after a certain point in time. Say after 10 years the rate goes away completely or gets locked in at sub-3%.
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When you borrow money, you pay it back, pure and simple. You do not depend on taxpayers to relieve you of your responsibility. If student loans are forgiven, then those who dutifully paid back their loans should get refunds. Otherwise, responsible citizens who paid their loans would wind up as being chumps.
100% what Dallas said.
It is funny to hear bikki talk about loan responsibility and also talk up how good bankruptcy is. But not point in arguing in a thread where we all agree.
Bankruptcy is a way to mediate bad financials situations. Most businesses have multiple owners, which is a tantamount situation to being married. Fortunately, some marriages are stable, but many are not. You have to have a civilized way to deal with complex business situations.
I paid back my student loans. Mine never got over $2000, but I paid mine back. I chose to go to a less expensive school because I didn’t want to be paying this back for the rest of my natural life.
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