I can live with a "fix" of some sort. BUT, ONLY if it includes MASSIVE reforms as to what courses/degree programs qualify for future student loans. Otherwise we're just "filing bankruptcy" on our student loans but not solving the problem that got us here in the first place. Which means we'll be right back in the same place a few years down the road.
NO student loans for gender studies, race studies, lesbian dance theory, French poetry, etc. Student loans for STEM, medical, etc. is fine, but NO MORE loans for CRAP programs.
I'm ok with this because most college degrees have become worthless. Offer the debt forgiveness and provide an incentive for people to go to tech, trade & STEM training.
switch student loans over to simple interest at 6% instead of the compound interest setup that is being used now that bleeds them dry due to the amount of interest they end up paying. This plan relieves the debt pressure while still requiring that they repay the loans, yes the people making the loans will get a smaller return but it allows the students to pay off their loans.
That's the reason why I say that we should have some sort of college debt relief. As dirty as it sounds to some people, but what choice do we have. We have a generation who needs to buy homes, get married, raise the next generation, op top of paying back their student loans. You might feel like putting a boot to their ass and tell them "Git a jerb, ya bum!" and I would've agreed with you if we had a healthy job economy. We do not have a healthy job economy. We simply do not have the jobs available that would pay those student loans and move on with their lives. And the jobs that are available...would they actually hire someone who came out of college with a liberal arts degree, blue hair, and anxiety disorders? They are simply unable to pay off those student loans; they can't do it. What do you expect them to do, get a job...where there are no jobs...that they can get...that pay above barista wages? As I often say, being responsible should come with it having the ability to respond. These poor unfortunates don't have the ability to respond. Don't expect them to be responsible.
I'm not too thrilled over student loan forgiveness myself, but what other choice do we have? I'm all in favor of taking the college to task for creating such a problem. If we need a back to put this bailout over, we've got a perfect back in the forms of these fat cat colleges. Either that or make that poison pill legislation to allow these student loans to be removed by bankruptcy. That's the path of least resistance for me. The courts may be clogged up and the economy will take that hit...but if you have any other option that doesn't include a size 11 work boot colonoscopy, that won't get them to move because they can't, I'm all ears.
No one forced you to go to college. No one forced you to take out the loan. You don't need iPhones or vacations or new cars instead of paying off said loans. Welcome to the real fucking world. You took out the loan, YOU pay it off you lazy fucks.
So everyone that maxed out on loans got the college experience got a degree gets a pass na man i don't agree freeze interest ok but letting off no.