Frenn’s

I am promoting any agenda. Just curious if someone had peer that paid their own way of paid off their student loans, would they support them getting a check. I am talking apples to apples.

Can only speak for myself, but I would feel badly if my best friend paid off all of his debt and I got a free pass. I have found the replies to be interesting.

PLM

Would you be supportive of the student loans being forgiven and every person that paid their own way getting a check that matches the average student loan?

‘69

Brother TAMU:

First of all, don't apologize. If you don't think I'm reasonable, there's nothing to apologize for. I don't feel bad about it because we have a respectful difference of opinion.

Second, the burden has to fall on someone. Yeah, when I was 17, I doubt I was mature enough to have an intelligent conversation about debt with a banker. I didn't know anything, other than "debt was bad." Comes from having parents who lived through the Depression. Perhaps the way to do it is to change the disclosure. Customize it to what the borrower is borrowing for. Write the loan's language in English, not legalize.

Second, as far as free college goes, there is ample example of what happens when college is totally free. My children went to Southern Illinois University and SIU, for years, had a program called MAPP, which provided free educations to very disadvantaged youth. While it was an incredible program and some people benefitted heavily from it, the drop-out rate after freshman year at SIU for years was way too high. There's a lot of reasons for that but one was somebody gave you something for free and because you didn't have skin in the game, you didn't care.

Lenders feel the same way, which is why downpayments on real estate ALWAYS are required! You have to have skin in the game.

Finally, to your question, What the hell kind of person would i be if I demanded future generations be burdened simply because I was burdened?, the answer is a Congressman from either party!!!!!!!