How does forgiving student debt cost taxpayers money?
In: 9
They should put more stipulations on student loans. Some majors just don’t have the money making ability or social need as others. Same if someone wants a business loan.
This can set bad precedent for people not to be held accountable for their actions, like going into debt for a piece of paper.
Boomers had ruined it by making it seem like the only way to get forward in life is to have this piece of paper and push their kids into schools. The colleges are no help since they get pretty much guaranteed money from Uncle Sugar while the students are saddled with crushing debt.
The feds need to stop giving out loans willy nilly to everyone and actually look into what people are trying to get their education in.
And yes I have one of those silly pieces of paper, luckily had some scholarships, worked in school, and took very little out in loans so I could pay them off
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