Sanders to propose canceling entire $1.6T in US student loan debt

Re:Sanders to propose canceling entire $1.6T in US student l... by basch on Monday June 24, 2019 @10:14AM (#20263685)

If we disregard "its not fair to me, when i paid mine off" and "this reduces my buying power because everyone is as well off as I am" as arguments, my problem with this is that it excuses the schools for jacking up rates as loan money became available.

This is a bailout, and the banks / schools are the beneficiary. No more loans that will never be paid back. Schools get every inflated dollar from the last two decades. Instead of taxing everyone, shouldnt the schools who took the money be paying in for everyone they trained who is underpaid?

https://thehill.com/opinion/education/442497-colleges-need-t...

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Re:Sanders to propose canceling entire $1.6T in US student l... by AareyBaba on Monday June 24, 2019 @07:27PM (#20269586)

We should just call this a bank bailout and that will shutdown this proposal. I prefer Andrew Yang's proposal to give every American a $1000/month divided funded by a value added tax. You could use that money to chip away at your student loans and it's fair because every citizen gets it.

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Re:Sanders to propose canceling entire $1.6T in US student l... by basch on Tuesday June 25, 2019 @09:47AM (#20274093)

And rent/mortgages would instantly go up $1000/m. And then we are back to a bank/realestate bailout.

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