Student Loan Cancellation Debate

[ctcarl]

I agree with the 10k cancelation. But I don't know how I feel about the 50k. I think it is a great idea for a stimulus package. Some states had made great stride to better upper education access. We need to probably expand the Pell Grant program. The lower-middle class is in an awkward position where they make too much for the grant but too little to actually afford college.

How would that work in terms of folks who recently paid off student loans?  

Plenty of them struggled and scrimped to pay off their debt.  Some delayed marriage and kids, worked multiple jobs, skipped buying a home and/or made other sacrifices in the interest of financial responsibility.  Would they get $10,000 back?

This is like "I had cancer and had to endure that and beat it to survive" after a cancer cure. Just because you struggled doesn't mean you should want everyone to struggle. If you paid it off, great, you were one of the ones that didn't get eat up by the system. Reducing student debt can make a tremendous difference for a lot of people.
The world is suppose to want to improve things for the next generation, not be pissed that they're not suffering as much as the generation before it.

So you think that when a cure for cancer is found, previous cancer survivors will be...pissed?  Where did this notion come from?  Do you know any cancer survivors who have expressed these thoughts?  "They better not come out with a cure!  In my day, we had to endure cancer, and beat it!"

Just curious, how do you feel about people who have never had student loans, but have other financial struggles?  Should we forgive loans for college students, but not provide similar financial relief to the majority of the population who are dealing with economic hardship?  How about credit card debt, which impacts many millions of Americans at much higher interest rates?  Wouldn't reducing credit card debt make a tremendous difference for a lot of people?

If that's the goal, why not forgive medical debt?  For that matter, mortgage debt is the biggest chunk of consumer debt out there.  If the goal is to make a tremendous difference for a lot of people, maybe we should forgive mortgage debt.