Should Wall Street pay off student debt

[Dill]

(07-02-2019, 07:15 PM)bfine32 Wrote: 1. "Done nothing" as in to pay for their higher education. Of course they had to wake up, go to class, and get a passing grade. I just hope the Cadet out running PT didn't wake them up too early

2. I've said we could look at paying the interest of College Loans or allowing them to easily be included in bankruptcy. 

3. It's revisionist thinking and it rewards those that chose to take out debt to pay for their education while doing absolutely nothing for those that were fiscally responsible or sacrificed.

4. I literally have no idea what you're trying to sat here.

5. Of course I would. Just like I wouldn't ask the government to pay off my mortgage. 

3. Don't understand what is "revisionist" about restating the rationale for public universities. They were created to make college affordable for working and middle class students. They did that by socializing costs. California went whole hog in the early 20th century and made tuition wholly free for residents. City College did the same thing in NYC. No need for loans at all. Since Reagan's attack on the "socialist" CA system back in '67, we have seen the steady rollback of state support in all states. That's why you are now talking about students submerged in loan debt who are "not fiscally responsible."  

4. I had no idea what you were trying to say. Why would kids who played video games all day get scholarships, while those who worked would not? Colleges, especially the big name private ones, don't just let anyone in. Spots goes to those who spent their HS years studying and achieving good grades. Or to wealthy students who don't need to work or earn scholarships.

5. But you don't mind if government pays for JC? You are willing to consider some forms of government forgiveness.  Do you support funding for public schools k-12, even if you wouldn't ask the government to pay your mortgage?