Student loan forgiveness is regressive—a bailout for highly educated elites by our middle class. Why would the so-called party of the working class have non-debtors—who are poorer than the debtors—do this? Because those highly educated elites also happen to be the core of the Democratic Party.

submitted by Chipit from brookings.edu

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[–]IkeConn 3 insightful - 1 fun3 insightful - 0 fun4 insightful - 1 fun -  (0 children)

We have 2 lefties in our extended family. Guess who has the useless degrees and massive student loan debt.

[–]AntiSemitCommunist Party 2 insightful - 2 fun2 insightful - 1 fun3 insightful - 2 fun -  (0 children)

Kikes devouring their puppets in real time.

[–]jet199 2 insightful - 2 fun2 insightful - 1 fun3 insightful - 2 fun -  (0 children)

Someone was complaining that they have interest of £30k a year and that their loan will be over $1mill when it is forgiven in 10 years time.

Is this right, do they get forgiven eventually anyway?

[–]SoCo 1 insightful - 2 fun1 insightful - 1 fun2 insightful - 2 fun -  (0 children)

The Democratic Party mostly shoots for low info masses. The highly educated are mostly well balanced between political ideologies.

Student loan forgiveness is a crazy solution. Yet, our shitty government allowed absolute garbage colleges to rack up tons of debt on our citizens without giving any value in return. It even helped by being the bookie for those loans, with federal loan holding.

So a huge amount of people were ripped off, but just paying everyone off screws up the whole industry. Lazy solutions, to huge problems caused by being lazy. Maybe our shitty government should do something useful for once.

[–]RustyFoster 1 insightful - 1 fun1 insightful - 0 fun2 insightful - 1 fun -  (0 children)

I blame the corporations for wanting master's degrees for entry-level jobs. It forces students to rack up more debt for a job they most likely won't get because they studied for the wrong degree.