Should Wall Street pay off student debt

[*TheLeonardLeap*]

(06-24-2019, 08:51 PM)Belsnickel Wrote: No. Now, Wall Street isn't to blame for this mess, at least not entirely, and I wouldn't even say mostly. Who is to blame? Government. At both the federal and state levels there has been a maelstrom of policies that have caused higher education to be more highly valued by the federal government and caused society to view it as a requirement for progress, and a devaluation in the state houses to the point where public higher education funding has been on the decline.

The long and short of it is that there are a ton of different variables that have led to the current situation we are in. Students, institutions, state legislatures, Congress, ED, employers, parents, the overall economy, these are all places at which fingers can be pointed. The students, though, share the least amount of blame of those groups.

So the people who willingly sign up for large quantities of debt, many times either not finishing or choosing a degree that has no real means of earning money with other than teaching the degree to others, often choosing unnecessarily more expensive schools than the cheaper alternatives on top of that.... those are the people who share the least amount of blame?

Go to a trade school. Go to a community college. You don't need an expensive out-of-state degree in kegs and English literature or gender studies. 

Plus once you get that degree, you don't need to buy Starbucks coffee every day, and get a new iPhone every 6-12 months. It's amazing how many people cry about their student debts, but still went somewhere expensive for Spring Break, managed to get a brand new Macbook Pro for $2k, or somehow found the money to go out drinking at bars every weekend.


Most amount of blame:
1. High School Teachers (for pushing the narrative that a college degree is the only path to happiness/success)
2. Students
3. The Student's Parents (for not teaching them fiscal responsibility)


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Not to mention that for just 2 years of active duty, you can sign up for a huge plethora of non-combat jobs in the US Army and get rid of up to $65,000 of your college debt.