Student Loans

Pros And Cons Of Student Loans – The Case for Cancelling All Student Loans

pros-and-cons-of-student-loans-the-case-for-cancelling-all-student-loans

Pros And Cons Of Student Loans – How to Choose

What would happen if the government simply cancelled all student loans? How would the economy be affected? We’re diving into some of the research from Levy Economics Institute of Bard College to see what some of the outcomes might be from forgiving all student loans.

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24 Comments

  1. whatsyourAOL
    July 25, 2021 at 1:21 am

    Inflation. Were seeing it now with the current stimulus bills passed. 😒 not to mention uncle sam making everyone pay extra taxes u dips.

  2. Samuel Hewson
    July 25, 2021 at 1:21 am

    Buying votes, that’s all this is. 50k is pretty cheap for a lifetime of loyalty.

  3. Samuel Hewson
    July 25, 2021 at 1:21 am

    Guess I’m a sucker for paying off my loans. Too many people stuck in the victim mindset, looking to others to pay off their loans. Grow up.

  4. Alex Sheppard
    July 25, 2021 at 1:21 am

    What about those of us who worked our way through school? Where's my check?!

  5. jhouston1703
    July 25, 2021 at 1:21 am

    If we cancel student debt, we are going to have to cancel it again in 5 years. In the mean time, schools will jack up tuition and continue to pay outrageous speaking fees and lecturers to teach one law class. It is not good policy to allow the schools to transfer wealth to professors and speakers and have the tax payers write the check.

    Another main issue I have is loans used to be for school. Now, you can get money for living expenses. So, a kid takes out $2,000 to go to Cabo on Spring Break and rolls it into his student loan. Now, the tax payers have to pay for his vacation while others worked and drove for Uber Eats to pay for their vacation.

    Also, students need to learn personal responsibility. I had numerous friends work part time jobs to afford college. I worked in the summers and focused on school during the year. Learning to manage college, jobs, while being poor and living in an apartment with friends is part of the experience.

    Lastly, should we cancel all credit card debt? According to the Levy Economics Institute it would create jobs and allow people to spend more? What about mortgage debt? Medical debt? Car loans? Where would it end??

  6. Sky Racer
    July 25, 2021 at 1:21 am

    fuk the economy fix the lives of millions of Americans that will never pay back student loans anyway cancel the debt let people buy a home start a business #cancelthedamdebt

  7. TheMidnightCaptain
    July 25, 2021 at 1:21 am

    So instead of paying money they agreed to pay they'd rather spend it on cars, homes, nights out on the town and personal effects? Sounds like a nice dream but in reality you have to pay your bills.

  8. dd
    July 25, 2021 at 1:21 am

    Student debt cancellation would increase GDP by an estimated $ 86 BILLION to 104 BILLION not million! You accidentally put a million instead of billion please correct
    SOURCE
    http://www.levyinstitute.org/pubs/rpr_2_6.pdf

  9. nomad
    July 25, 2021 at 1:21 am

    When congress gave pentagon another 80 billion this year did anyone ask twice who was paying for that lmao . Its crazy how the media has turned Americans against Americans.

  10. A W
    July 25, 2021 at 1:21 am

    The Government just can't cancel student loans, that money has to be paid back. Guess who pays it? The taxpayers. Thanks Biden you moron.

  11. Be Nice
    July 25, 2021 at 1:21 am

    Cancel All Student Debt!

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  13. champy1210
    July 25, 2021 at 1:21 am

    End foreign aid; abolish treasonous fed bureaucracies; abolish funding baby-murdering slaughterhouses; abolish all taxes except excise taxes as per the Constitution; abolish the Fed and return to the gold standard; abolish elected officials’ financial perks, except for the 1st and 2nd Families’ while in office; abolish the Dept. of Ed.; stop using taxpayer dollars to subsidize universities that egregiously raise tuition; and then we can consider loan forgiveness.

  14. Katarina Carrico
    July 25, 2021 at 1:21 am

    I know this is SUPER late, but here's a link to a petition to cancel student loans:
    http://chng.it/2Vy5Fg7H4p

  15. H R
    July 25, 2021 at 1:21 am

    It is financially irresponsible to be forgiving debt. Forgiving debt also sends the wrong message that people can make bad choices and rely on the government to clean up after them. You didn't refute any argument at all. All you did was change the subject to tax cuts. Btw, the problem is government spending and not so much as to tax cuts.

    The fact that the debt has piled up to over a trillion dollars is proof that the government providing loan is an absolute failure. This should have been left to the market.

  16. JoAnnGray
    July 25, 2021 at 1:21 am

    What would happen? Americans can survive, eat, and live the American dream.

  17. Laur Lončar
    July 25, 2021 at 1:21 am

    This was excellently presented and thought provoking. Thank you!!

  18. TMG D’elia
    July 25, 2021 at 1:21 am

    THEY NEED TO DO THIS NOW that the corona has toppled our economy.

  19. D Ray W
    July 25, 2021 at 1:21 am

    Excellent information and excellent editing.

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  24. RobertDawg
    July 25, 2021 at 1:21 am

    Fuck Bernie these people wanna go to school let them pay for there own shit why pay for there shit when in a couple years they’ll act better than everyone just cause they got a free degree. Fuck that let them pay it let them work two jobs nothing is impossible there just lazy fucks. There faults for having kids and being irresponsible.