Should student loan debt be forgiven, Sup Forums?

Should student loan debt be forgiven, Sup Forums?

time.com/money/4449990/next-president-should-forgive-all-student-loans/?xid=fbshare

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goarmy.com/benefits/education-benefits.html
en.wikipedia.org/wiki/Second_Amendment_to_the_United_States_Constitution
youtube.com/watch?v=OqbDBRWb63s
youtube.com/watch?v=FmIRYvJQeHM
youtube.com/watch?v=O894bXmqqGU
youtube.com/watch?v=xvhBoF_pCHo
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this isn't how you decrease national debt

The main issue is, what happens to those private student loan issuing companies and their investors? Plus, colleges are going to have to report massive financial losses.

I'm convinced that people think that just because debt is "forgiven" that that cost just disappears into thin air, when in reality, it's just transferred to the taxpayers. The current amount owed by Americans is about $1.3 trillion. Not exactly pennies.

goarmy.com/benefits/education-benefits.html

killers for hire, parasites.

shut the fuck up u corporate shill. Of course a mindless drone will care about the private companies and their blood-sucking compound interest rates. Feds bail out companies for billions all the time. This isnt any different,. Also, Universities have already been paid the money, so they wouldnt lose any money like your making sound. Even if down the road, Unis make less money, thats a good thing, education isnt a commodity to be bought and sold, u mindless shill cunt

You're retarded.

>cut a blank check to the failing university system
No thanks kikes. Your propaganda machines aren't producing anything of value and you're going to fail whether you like it or not. The banking establishment can't afford to prop up housing, military, welfare, and problem-studies at every shitcunt university.

You're going to go down in a blaze of aids-ridden glory and hopefully most of your parasite academic leech employees will all face the rope for what they've done to the youth.

Company bailouts return a tangible economic return. A degree does not. It's your fault for spending 80k to get a shitty teaching degree.

Kek

I don't have a good enough bait.jpg for this post

Let's add a whopping 2 trillion dollars to the federal debt!

>forgive student loan
My question might be retarded but wouldn't every single person who's paid off their student loans be eligible to sue the government?

lad that goes with this
en.wikipedia.org/wiki/Second_Amendment_to_the_United_States_Constitution

Only if I can be forgiven for the stupid things I've purchased over 4-8 years period, also I get to keep them.

If they forgive the student loan debt, they need to also make it harder to get student loans or you're going to get right back to this stage again in ten years.

Your degree is worthless and you've actively wasted life and wealth pursuing brain-damage in the form of propaganda at your own expense. You are now enslaved to the rich liberals whom you defend to the death.

Fortunately you can still kill yourself.

the most informative and entertaining post of the day

Is this bait or what?

You've advocating for smashing the status quo by continuing the status quo, I don't think anyone can be legitimately this retarded.

No, but it should be able to be nullified via bankruptcy. That would make it so banks would only give loans to people who'll actually be able to pay them back.

Yes, America.

Get even more national dept.

Would be better for our russian brothers.

youtube.com/watch?v=OqbDBRWb63s - The Truth About Hillary Clinton's Mental Illness

youtube.com/watch?v=FmIRYvJQeHM - "We came, we saw, he died! LAUGHS" (Gaddafi)

youtube.com/watch?v=O894bXmqqGU - Did Hillary Clinton really say she wants war with Iran

youtube.com/watch?v=xvhBoF_pCHo - Hillary laughs maniacally about war with Iran

>2016
>shilling this hard for the "banking industry"

I couldnt care less if the Rockefeller 1% cunts lose some money in return for having a fairer system than this, where someone who borrowed 100k to get a degree ends up paying double the amount he borrowed and still have a larger balance than. what he borrowed. The "banking industry" youre so worried about has taken more than its pound of flesh from each borrower, but noone bats an eye. At least interest rates should be negotiatible or more controlled.

Theyre talking about forgivng federally issued student loans I think.

It'll ratchet up the national deficit byt all private lians will probably still hold. I dont think the government even can order a bank to forgive private debt, well, I mean they could but cmon, lets be honest, banks are our politicians bosses, they tell the government what to do, not vice versa.

AY YO HOL' UP! THAS RAYCISS WHITEY TRYIN TO KEEP A BLACK MAN DOWN

Honestly derivatives are what scare me more.

Why doesn't the college president just for give the student loans for that college?

Also, if all the student debt was forgiven, wouldn't colleges just increase tuition by 1000% because they know it's going to be paid off anyway?

>I couldnt care less if the Rockefeller 1% cunts lose some money

Except they won't lose any money because the government can't just "forgive" a private debt contract, it can only pay it off and take on the burden.

"forgiven"?. WTF. That isn't how debt works fuckhead

If my student loans were forgiven it would certainly increase my economic output.

100% of the money I make goes straight out of my bank to my federal student loan holder every month. For two years now.

For two years I haven't bought anything or done anything.

No.

We should stop subsidizing student loan debt and start bringing back jobs that don't require a college degree.

You know the ones who would benefit most from this are the banking systems themselves right?

Or do you just assume that a bunch of people getting free money = good all the time

I know the govt. wouldnt be able to bother with pvt debt, I was just answering the mindless drone's assertin and panic over the "bankng establishment" losing some money for the benefit of citizens

Fair enough desu I didn't read your entire post, you can usually tell where someone is going without reading an entire paragraph here.

It's not fair to the tax payer. It's not fair to people who went to cheaper state schools or didn't go to university at all because they knew they couldn't afford it. It's a handout to people with the enhanced earning potential to actually pay for the debt themselves.

If you want to talk about funding university tuition for future students, fine. But paying off existing student debt is a slap in the face to the vast majority of the country.

Hell no don't forgive student debt.

Stop having the feds fund student loans.

If you don't pay then yes, it does just go away. You have to accept being cut off from the lending market for the forseeable future.

Greece could have done this had they 1. left the eu and 2. reverted back to their old currency. But leftist shithole so, no. PR had they been free could have as well but these people are genuine retards.

To be fair, if you forgive the current debt of students, then you must repay everyone who has been responsible and have paid off their debt. Probably going back 50 years.

>Believing anything that someone who wears a bow tie says
Bow ties are the #1 way to tell if a person is just a meme

>We should stop subsidizing student loan debt and start bringing back jobs that don't require a college degree.

There's nothing forcing people to go to college and there's nothing stopping them from starting a business

Honestly I think going to college and not starting your own business post 2000 is just retarded, it's quite clear that what worked in 1950 isn't going to work in 2000, just like what worked in 1900 doesn't work in 1950.

With the amount of free information readily accessible with a click these days there's absolutely no reason to go to college and memorize a bunch of shit when you could just sit at home and memorize a bunch of shit and not feed some retarded system more money than it deserves.

Sure thing, the people 40 years ago who got a PhD on $211 worth of student loans can get it all back. No big deal.

do you just assume banks getting paid back double and triple what they lent and the debtor STILL has a growing balance= good thing?

Also, kill yourself, Maple Leaf Faggot, this is a USA issue, worry about your own socialist shithole being ovverrun by Pakis and leave USA to solve their own problems, toure literally the last country in the world who should be talking about free stuff from the government. Just shut the fuck up and be happy USA continues to allow you to exist and dosnt just invade and annex your barren frozen wasteland you call a country

no. undergrads knew the terms of their loan before they took them out. i knew kids who spent their loan money on beer and stupid shit. its a loan, not a gift. you know this from the get go. dont pick stupid degrees the will pay you jack shit and then bitch about money you borrowed willingly.....

>Killing muslims
>parasites

wew lad

Which is what the all power "they" wants.

A bunch of people too worried about not keeping up with the debt treadmill to be concerned with much else.

Financially independent people tend to have a lot more free time for things like noticing how fucked up everything is and doing annoying not-rich people stuff like congregating and using thier unity to change things.

The ideal american in our ruling elites minda are in just enough debt to be too worried about paying it off to take risks, but not poor enough to quit paying rent and buying commodities.

Wrong approach. The government should start putting a cap on how much can be borrowed so that universities are pressured to lower prices. The only reason they can charge 40k/yr is the fact that students can borrow it. Cap loans at 30k/yr and lower the cap 2k each year and school will be reasonably priced within a decade

>low-tier memebait
Yeah kid, nobody here likes the kike banks either. We're just laughing that you think they'd bail you out, because clearly your beloved liberal gods have other plans for the public coffers, most of which include nigger gibs, brown immigrants from Mexico, and Sharia immigrants from the Arab world and north Africa.

Meanwhile here you all looking all this shit in the face thinking to yourself "massa gun be gud to me," and "oh them crackas, they dun know." You believe that you'll be forgiven your loyal service and your propaganda degree will magically become useful, if nothing else as a means of enlightening others who harbor wrong-think.

Well, I don't need to convince you that you're wrong. As I said, you will always be in their debt. You will never get anything of value from the propganda you bought. You will never be anything but a useful idiot for kikes, limosine liberals, and their neocon allies.

Your life sounds like it sucks and it is going to get worse. Kill yourself, you're clearly never going to figure out how to change that situation.

"we charge so much for an education that you could buy a medium sized house. by the way, the tax payers should cover all of it. Oh by the way, you can all go fuck yourself."

Inspiring.

>Rule #1: The Doctor lies

holds true.

>give my money to a guy with a degree from a top school
>give my money to some kid that read the internet

Yeah I am not paying some 17 year old who started his own "business" in his mom's house to do anything for me short of cut my grass.

Bob Backlund is an exception to this rule.

I went to a cheap school to avoid student loans. So if all these student loans get forgiven then it's basically a big fuck you for being responsible.

>That would make it so banks would only give loans to people who'll actually be able to pay them back.

Banks are forced by the liberal government to give loans to people that can't ever pay them back to begin with. That's why we're in this mess. People with no business ever going to college are blowing $200,000 of taxpayer-backed money to drink and fuck for six years, then graduating with a degree in Feminism.

That's because you're a dumb nigger who gets everything from the government. Pretty much all the most successful business ventures of the 20th century were undertaken by drop-outs and started at home.

You incredibly stupid nigger. Do kill yourself.

Was the cost worth it then?

>i knew kids who spent their loan money on beer and stupid shit
Government student loans go directly to the schools. You're thinking of private loans, which won't be forgiven anyway.

I'm counting on it heehehehehehehe

So what happens to those who actually paid their loans off?

>omeone who borrowed 100k to get a degree ends up paying double the amount he borrowed and still have a larger balance than. what he borrowed.

You're absolutely shit at this Reddit. Hillary actually pays you for bait this weak?

Not unless the government is planning on not just forgiving existing and future student debt but paying back every single fucking cent paid toward paying off student debt by every living college graduate.

I would be extremely pissed. I pay 100% out of pocket for college.

What about the people that already paid it off? They would be pissed too.

HURDUR FORGIVE MY 50K LOAN ON MY ART DEGREE. It's just another millenial mentality.

Schools give the difference to the student.

So if your tuition for a semester is $5890 or something and your loan disburses $6600 that semester, the school gives you $710, assuming you will instantly pay it back.

To add on this it only works with foreign debt and nuking your government budget. You have to pay off local investors because they'll be the only ones left. Sadly you should look at the state of our budget talks which amounted to "why should we bother to balance the budget if the US will do it themselves next year". You want the small government to create surplus to invest in infrastructure and keep local investors happy.

No one has the balls to do it. Greece would have been the best but they would have had to renounce their socialistic ways. (lol)

> Implying that the average American who would be considered capable of attending college is in any way smart enough to start and maintain their own business.

Entrepreneurship, even in fields that require very little intelect (but rely on specific skills, ie gardening, construction etc) requires a lot more of a person than any regular job does. The average burger can barely rise to the level of competence needed for some shitty paper pushing job.

Mark my words, once companies find out how they can make computers accountable for these tasks, humans are out the door for 70-80% of jobs.

Seem to have hit a nerve with your failing business, eh chap.

Why not make more money?

Enjoy paying 20 times the amount for the services then because the person you've hired has a degree.

They get $20 and a Snickers bar

>nothing stopping them from starting a buisiness

I beg to differ.

1st is the fact that banks pretty much dont give startup loans to anyone who isnt fairly well off already.

The stimulus act was SUPPOSED to give banks heaps of near zero percent interest loans in order for those banks to then begin loaning the money out at super low interest rates to small buisiness startups, but the lobbying removed all the strings attached and the banks pretty much got a few billion in free cash with almost no requirements on how they had to use it.

Instead of loaning it to new home-buyers, or small buisinesses like they were originally supposed to they used the money to begin buying derivatives (IE why the stock market keeps climbing but why average joe middle class is still getting poorer).

Next is the obama care act that forces buisinesses to provide healthcare for employees, if they do not do so to spec they are penalized $2000 per employee per fiscal year.

So you are a small buisiness with 3 employees that cant get a loan to start up, and are losing 6,000 per year due to obamacare fines.

And then they start talking about a $15 an hour minimum wage.......

Have a job I otherwise wouldn't without the degree... When the loans are gone, assuming I am still in the field, then yeah probably.

>yes goyim, just take all the useless degrees you want
>the tuition fees at the college I run just went up 6,000,000%
>but don't worry about it, the taxpayer will foot the bill and won't even have a choice hehehe
>t. (((college president)))
[hand rubbing intensifies]

>(((Leon Botstein)))
oyyyyy gevalt

So how do you decide on who get to do repairs on your house?

Most don't have degrees. I doubt the people who built your house or car have degrees, but you trusted them.

Is your job in the same field you studied?

NO

FUCK THE COMMIES AND THEIR SHITTY DEGREES

THEY DESERVE TO SUFFER

>1st is the fact that banks pretty much dont give startup loans to anyone who isnt fairly well off already.
This is just flat out wrong here at least, the only requirement is a viable business plan, not capital on hand.

>Next is the obama care act that forces buisinesses to provide healthcare for employees, if they do not do so to spec they are penalized $2000 per employee per fiscal year.
That sucks but there are no doubt ways around it like "hiring" people as contractors.

A better idea would be to retroactively reduce the tuition of public colleges to something that isn't inflated bullshit. But even then it would still fuck over the people who actually paid their tuition.

Or they should leave them at 0% interest adjusted for inflation and bomb their credit scores until they pay them off.

Yes

what a sociopathic, unempathetic cunt. Just because ur cocksucking father had enough money to put u through college back when it was cheap doesnt mean everyone is born with a chance to pay for college entirely ou tof pocket, im sure everyone whos bothered loans wouldnt have if they couldve afforded to oay for college entirely out of pocket. Not everything is about you as an indiviual,just because you did something doesnt mean evryone else has to do it or has the capacity to do it

>bring us closer to the collapse
>have almost 100% of my debt forgiven in the process

I'm okay with this, even as a Sup Forumsack

The same way anyone else does?

I am talking specifically about what that guy was referring to, people starting their own businesses based on things they teach themselves on the internet instead of going to school for it.

So like a kid teaching himself HTML and then making his own webdesign business or something.

I am not talking about manual labor/shit that already wouldn't have any schooling guy.

How about this: Because you want a return on investment, why not only pay off debts for people who study in STEM fields, which actually yields skilled, educated people?
Just make sure to exclude any sjw-tier degree that just gets America a bunch more infantilized liberal queers. If 'activist' is in the top 3 of "jobs" one can attain with their degree, they have to pay for the whole ride themselves.

This. Colleges are increasingly becoming more of an escape hatch from shitty economics than educational systems.

Look at all the boomers and gen xers who dog piled into school as soon as the economy got bad.

Cant get a home loan, cant get a buisiness loan, but by god they'll give you a pile of money to go to school.

So they started going to school, because its an easy little safe place but if anyone accuses them of trying to avoid real life they can snootily declare that they arent hiding, they are just "retraining for a more lucrative set of career options."

Its like moving back in with thier parents without the negative connotations, plus the government or bank will foot the bill.

My inner communist says that student loans should be forgiven.

My inner capitalist says that we should subsidize useful degrees like STEM but not bullshit liberal arts degrees.

My inner realist says that our Brave New World is not ready to accept 'equal education for all', because this lessens the rich-poor gap more than the 'powers that be' are willing to allow.

nope

>Should student loan debt be forgiven, Sup Forums?

They cannot be forgiven, that is the trick. These are PRIVATELY issued loans that are merely GOVERNMENT BACKED. They HAVE to be paid back, and since the amount of debt is so enormous, only Congress would be able to appropriate the money to pay the loans back.

Try getting that shit through Congress. It would take a fucking wizard to pull it off.

>So like a kid teaching himself HTML and then making his own webdesign business or something.

How do you vet businesses you hire?

Do you ask if the person designing your site has a "college degree in HTML"?

BULLSHIT. Yet another stupid leftist ploy that harms those who were responsible and planned well to avoid debt. REMEMBER THE MORTGAGE CRISIS? Only those "behind on payments" could get help. If you were current and doing everything you could to stay current you GOT FUCK ALL HELP

FUCK the LEFT. ENJOY YOUR DEBT. I planned ahead. If I'd have known it would all be wiped clean I'd have taken on hundreds of thousands in debt you faggots.

Yeah, I'm sure everyone that worked hard to pay them off will be fine with them being forgiven for everyone else.

How does any freelancing get done? Mostly through personal references.

Most freelance web developers don't have college degrees. What that user is talking about already works,

>My inner realist says that our Brave New World is not ready to accept 'equal education for all', because this lessens the rich-poor gap more than the 'powers that be' are willing to allow.
If it were truly BNW (which it is), they wouldn't try to hide education from you explicitly. They would make all education equally horrible so people feel like they're rising up when in reality they're fighting for scraps (which is happening). All education is becoming equally shitty reserving the truth for the elites

if they arent selfish, unempathetic cunts, they should be. id be happy if i was the victim of an unfair deal when it gets fixed. id feel bad that i suffered from it, but i wouldnt be bitter that others were now free from it

Dude your autism is digging way to fucking deep into this...

It was a fucking offhanded comment about me not wanting to hire children... Calm down.

So you trust someone who most likely learned on the job to build something physical for you over someone who learned on their own to build you something digital?

yeah, so that kids can go take out more loans and keep this scam of a system from collapsing under itself.

Go fuck yourself, greedy fucking schools took a system to help kids with schooling and milked it fucking dry by raising costs tremendously.

you signed the agreement for your $80,000 loans for your gender studies degree, retard. you shit in your bed, now sleep in it

Our loan system is legitimately one of the best in the world m8. If you want to argue in favor of no student loans while providing an actual way to get to it, look at OSAP.

Or you can just throw some more ad hominem my way while you blow your nose with your shitty state school degree that you paid way too much for.

>Government wants to "forgive" all student loans
>All student loans are private
>Government has to somehow pay off each and every single loan
>It does this
>Banks now want literally billions of dollars from the government
>Government has to get money to pay Banks somehow
>Government either raises taxes (thus distributing cost from one person to millions) or borrows money (thus contributing to national debt)
>In the end everything still gets fucked up


>someone knowing what they're doing and starting a business to profit off it is okay if they have a degree
>however it's completely unacceptable if they don't have a degree
You sure put a lot of stake in a piece of fucking paper.


You fucked up. Deal with it.

>All education is becoming equally shitty
Have 3 kids in school. Can confirm.

I think this is a scenario where niether of us is wrong.

You are referring to australian policies and laws, and I american ones.

You guys only need a buisiness plan?

Over here when you ask for a loan theres a very high chance they want to see collateral before they shell out.

So the loans that were supposed to go to guys like you or I to start a buisiness are only available to people who could atleast already mostly afford it, or atleast posess enough assets to leverage for collateral.

So if I need 40,000 start up, the bank is probably going to want me to put up atleast half that as collateral, if im lucky.

Then you go "so i'll be running at a loss for three years... oh wait, the obummer kare akt means 5, and I better pray that the bernouts dont get thier 15 an hour raise cuz then I will literally never break even"

Over here sucessful small buisiness startups are kinda like bigfoot. You hear about it all the time, everyone seems to have a friend of a friend who saw it, you even concede its possible they exist, but the reality is you will probably never be given the opportunity to directly expierience it unless you already had it to start with.

The market is flooded with STEM degrees as well. What this country needs is banks to give business loans, and the government needs to back off from over regulation. The government will do neither, thus the number of jobs will always decline.