unsurprising, it was basically judged as setting a horrible precedent from the beginning.
go into debt? you pay your debt. full stop, end of discussion.
want to change that? get congress to change how laws work
"A horrible precedent of slightly more affordable education.
Born into indentured servitude? Work it off."
These are poor defenses of the current US debt system.
Cases of precedent affect legislation.
But it’s not more affordable education? It’s just funneling federal dollars into the education industry, which is such blatant corruption I don’t get why anyone was ever for it. If you want to make education more affordable then start by… reducing the cost of education?
There are plenty of campaigns against for-profit debt already making progress.
Besides, the data is already all out there, and that’s what I’m interested in spreading.
Costs less than a percent of the US budget to pay for free higher education, and in 2-8 years, the US would have a new productive generation of doctors, scientists, engineers and other professionals. It’s a pretty obvious win.
That’s the thing: Congress provided for waiving and modifying student debt in at least two laws. Biden based this action off the HEROES Act of 2003. There is also broad authority to do so in the Higher Education Act of 1965.
Not sure why the HEROES Act was used this time around, but Congress provided for debt forgiveness nonetheless.
Not sure what the “horrible precedent” is with acknowledging that.
Agree and disagree. They put the cart before the horse on this one for sure. If we solve the problem of unaffordable education, then we can talk about forgiving the student loans of people who didn’t get to benefit from the new system
Just forgiving the student loans of a seemingly random block of people makes no sense. The next generation and more importly the universities will expect us to do the same thing later. Guess what that means?
Schools will raise their prices even more and kids will take on even more debt. We can’t just slap a bandaid on this and pat ourselves on the back
You mean like by passing a law to allow the Secretary of Education to cancel loans?
