Student loan borrowers refusing to pay. You signed the contract now pay what you owe!!!!!

[S2007S]

There are arguments being made that killing student debt would increase growth by having those students now direct their loan repayment funds towards something else, such as consumption.

I suppose the question then is: who is going to eat the loss

Increase growth???? Trust me I doubt that's very true. You think someone not paying their student loan debt is sitting on a 800 credit score? Not only that but these people who are already not paying their student loans have already been allocating that money to other goods and services already. This isn't going to add any significant changes to gdp. In fact in will just persuade others to stop paying any future debts that they think one day might just be paid entirely by our government.

 

[Arnie]

Maybe this is why...

 

[S2007S]

The news service has reported he can eliminate the debt by executive order. If that is factual then I expect the first $50000 for front-line folks with student loans.

No debt should be canceled. And hiw about the ones who paid off their student loan debt.....I paid mine off completely after I left college. I should receive a 50,000 tax credit over the next 20 years how about them fucking apples.

 

[ajacobson]

Laws change and people get disenfranchised. Some people get fucked and some people make out. Think of the taxpayers who got fucked when the salt cap was introduced.

 

[CET]

At least the SALT cap was approved through legislation. I don't believe Biden can eliminate debt through an executive order, but we shall see how it plays out.

 

[vanzandt]

This is just completely wrong....you signed the damn contract so pay your dues...pay up for your education you sooo desperately wanted. No one forced you to take an $87,000 student loan, you received an education now pay your loans.... Now these borrowers want to walk away....With the government talking student loan bailouts more and more people are refusing to pay. What are we setting up here...this could just snowball to other areas which if you notice it is with renters getting free housing since the pandemic touched down....



https://www.cnbc.com/2021/02/12/mee...owers-who-are-refusing-to-pay-their-debt.html

Deal with it.

https://www.cnn.com/election/2020/results/president

Roll with the profitable trades....
Pissing in the wind gets you nowhere.
For real.

 

[Adude81]

Nobody asked for college to be $87,000 a year either. Even the cheapest universities will set you back well over $50k now. Older generations didn't have to deal with this kind of debt to get a degree. I've paid off the majority of mine and am totally ok with this. The education system here is just another for profit institution gouging the middle and lower classes.

 

[Overnight]

Nobody asked for college to be $87,000 a year either. Even the cheapest universities will set you back well over $50k now. Older generations didn't have to deal with this kind of debt to get a degree. I've paid off the majority of mine and am totally ok with this. The education system here is just another for profit institution gouging the middle and lower classes.

Kinda' like our for-profit health care system. It is shameful.

 

[Adude81]

Kinda' like our for-profit health care system. It is shameful.

Exactly...oh and the companies grossly profiting from our country's national resources...

 

[Market_Diver]

At this age and time you don't need to go to college. Everything is available on the internet.
If you fall into this college scam then you deserved to pay back your loans.

Many successful businessmen don't need to go to college, they are self taught.