I paid off my student loans, now I’m hoping others get their loans forgiven. I’d like things to be easier for the future generation not harder.

The mass fools that didn’t borrow could afford to pay cash. As usual people with money save money. They didn’t have to pay high interest rates on student loans. I was one of those people that managed to pay cash for my child. But, my child also lived at home and went nearby to a state college. I’m all for some debt relief. This isn’t a complete wipeout of loans. It’s relief from being screwed.

This take is weirdly pro Wall Street. Young professionals being riddled with debt only helps the banks, having them be able to participate in the economy helps everyone.

Every time you go through a hardship you get mad when others manage to avoid it? That's not a blueprint for a society I'd want to live in.

I got a free ride in the 90s thanks to a Pell grant, and I hope others get their loans forgiven because that shit has become predatory as fuck in the past few decades! OP, rethink your attitude.

Student loans became preditory when the government took them over during Obama's time. After that the government sublet the loans out to a multitude of private companies. It was so bad that you didn't know who had your loan. Couldn't find it.

If you read nothing else read this:

The us government has written into it's budget the fines and fees from these student loans for 20 years. That means the government leans heavily on people just starting their lives and trying to make their lives better. It's written in the budget. They count on failure ie fines and fees. They made it difficult for people to pay. It's called predatory lending. And idk y this isn't WIDELY known or understood about student loans or the cost of education.

In reality and "doing the math", even the best education, in a good building, with good books and well educated well paid teachers would never cost 70k a year per student. It's an inflated price and there is no way to account for that expenditure. Where does it go?

And still every year the government say they can't pay their bills. and every year college costs increase.

This is 100% on the US government. They could set limits for the cost of education and raise standards but they don't. Why?

And all the politicians, sports figures, actors, and millionaires who received large amounts of forgivable PPP money during COVID- those are just fine?

If they forgave all those loans for millionaires, I would think forgiving $10-20k in student loans for the working class, would be just fine.

I paid my students loans off and I hope others get theirs forgiven.

Edit- spelling.

OP roots for the Yankees.

I paid off my loans and I'm hoping this forgiveness plan happens. I won't feel like a fool at all. I was fortunate, others aren't. The only ones who would feel like fools are small minded, selfish people who can't see beyond their own resentment.

I was a ward of the state, emancipated minor and 17 years old when I signed my name to student loans. I got a partial ride on merit, and as a legal orphan, it was a miracle I even got to go to college.

Do you think I should have been required, or allowed, to take on $50k of debt in order to educate myself? Without college, I would have been an ever higher risk youth. I was accepted to Ivy League schools too, but ended up at state school after speaking with Yale financial aid and learning that $30k/year was inaccessible for me.

Not a worry though, I am on disability for PTSD now and was approved for TPD (Total and Permanent Disability) 100% discharge of loans via SSDI and Dept. of Ed — so I now owe nothing, but the flip side is I can’t work for the next three years.

It’s almost like accessibility to educational opportunities for youth would create a better trajectory than ending up on disability 20 years later.

Oh, and my mom was a cop, part of why I refused foster care = ACAB.

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I'm paid off and I want these loans forgiven and the problem fixed long term. We cannot have an entire generation (or generations) unable to fully participate in our economy due to student debt. That hurts all of us, and it is exactly where we are.

Besides, what kind of FOMO grinch asshole fixates on something decent happening to someone else?

I just finished paying off my loans after 18 years. No one should have to deal with that bullshit. So I don’t need your congratulations or your lame “toast”. Wake up already. People should be able to get an education without being in debt for the rest of their lives.

Gotta give us a little more. Tell us generally about your education and student loan history. Why is this important to you, OP?

There is a huge economic impact that's not being accounted for here. I could have paid for 2 cars in cash with the amount I've spent repaying my student loans in the last 3 years. I definitely thought I would have started a family by now but it's ridiculously hard to figure out how to pay for daycare and $850+ per month in student loans* plus car payments and a mortgage. Other countries have figured out how to pay for education without requiring people to mortgage the rest of their lives for it.

*for the first 4 years after I graduated my husband and my combined student loan payments were about $1500/month.

I paid off my school loans very early on for most people. I also had a lot more grants than loans. It’s easy to say students should just not accept the loans but even the most affordable education is out of reach for a lot of people. That should not mean they are just SOL. As long as corporations require a college degree for jobs that were once the domain of high school graduates and with the advent of more self-service and AI, jobs outside of the trades - which certainly does need more folks to join but aren’t for everyone - for anyone without at least a 4 year degree are going to become less and less available.

I paid mine off, thanks...

There is a much better way, let student loans be dischargeable in bankruptcy and have claw backs on the colleges that got them into debt in the first place.

Loan forgiveness w/o structural fixes is a complete waste......and a slap in the face to people who really struggled to pay off their debts. My wife and I paid off over 170k of student loan debt while raising kids and it was horrible. We have a few more payments left, but we are mid-40s parents who are still renting b/c student loans made it nearly impossible to accumulate wealth.

Most of this debt is bad debt and needs to be wiped out, but it should be through bankruptcy and the colleges that saddled people w/ 100k in debt for economically non-viable degrees should have to feel some pain

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What law as its written? I think when Democrats make statements like this they should do so in front of the Supreme court and have their position ridiculed.