The Student Debt Problem Is Worse Than We Imagined

Re:The Student Debt Problem Is Worse Than We Imagined by troupe on Saturday August 25, 2018 @08:50PM (#17843528)

So if person A got a degree that they can use to get a job with $40k of debt and has worked hard to pay it off, but person B has incurred $40k to get a degree that isn't going to lead to a job, you seem to think we can just forgive the debt of B without having any impact on A. Where do you think the money to pay for that debt will come from....well people who have jobs and are working. So basically person A has to pay for their degree in something that led to employment as well as the degree person B got that didn't lead to employment.

Is that worth doing? Maybe, but don't pretend it has no impact on the people who did pay off their loans.

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Re:The Student Debt Problem Is Worse Than We Imagined by thatjsguy on Saturday August 25, 2018 @09:02PM (#17843581)

So I dated a 41-year-old. He went to school about 15 years before I did. Know how much student loan debt he has? Zero. Zilch. Nada. In the amount of time it takes to reach the age necessary to acquire a learner’s permit, we inflated the cost of education into the stratosphere.

Education used to be affordable. It is absolutely not impossible to go back. I’m curious to know how long you think education has been this unaffordable, because it’s a pretty new phenomenon. I’m therefore confused why it’s so hard to imagine a world where education is reasonably-priced.

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Re:The Student Debt Problem Is Worse Than We Imagined by troupe on Saturday August 25, 2018 @09:31PM (#17843688)

There are still schools out there that are very reasonably priced. However, lots of students go to more expensive schools that cost more BECAUSE they can get loans to do so. The best way to bring the cost down would be to stop using taxes to subsidize loans.

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