Ben’s thoughts on Biden’s Student Loan Cancellation

[u/Rocrus]

I’ve been listening to Ben’s episode today on student loan debt, and I have some thoughts.

I went to college for 5 years and received two degrees: one in information technology and the other in business. The entire time I was in college, I knew that I would have to pay back my debt. So I did what I hope most Americans do and immediately started looking for a job months before graduation. I got a job two months after I graduated and I am now saving up my money to be prepared to pay back my debt.

I can completely understand and back Ben’s anger and disgust with this decision because all it’s going to do is raise taxes and make the problem of expensive college worse. That $10k relief will be taken out in the massive tax increase that we will all have to deal with.

As for Joe’s plan for doing this, if he thinks he’ll get me to vote for him and his friends in 2022 and 2024, he’s sorely mistaken. I hope that there’s a lot of people like me who graduated from college with debt (or are still in college) who won’t forget what the real consequences of this are.

[u/ThundaFuzz]

I'm still paying back student loans and I refuse to take advantage of a system which I don't believe should be in effect. What's the point of having principles if I don't stick to them?

[u/dje1964 → u/ThundaFuzz]

Male, female, black, white, straight, gay, or something in between. Take the money. Do not allow the government to keep a single penny that they will just toss down some shit hole

My advise is to sign up for the program and then wait. Make your payments as if there was no loan forgiveness once they resume collections. Even if this is enough to completely eliminate your debt because there is a reasonable possibility it could get tossed out in court

The issue I have is if people that qualify don't access it, they will say "you see it didn't cost as much as we thought"

"Let's do another round"