I'm sorry Dgies, youre not being reasonable here. I will agree that parents SHOULD be having these conversations with their kids. My experience is that most parents are unwilling or unable to do this effectively.
I'm not sure that college should be free. I'm also not sure that all student loan debt should be forgiven. I probably come down well short of those two points. But I do believe that there needs to be more focus on the fact that a college educated (including trade school educated) population is a benefit for our nation and that makes it worthy of subsidization. I'm confident th eyes not enough of that currently.
I also hate the "fairness" argument. It's a cousin of the sunk cost fallacy. I want things to be better for those that come after me. What the hell kind of person would i be if I demanded future generations be burdened simply because I was burdened?
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!!!!!!!