Student Loan Forgiveness Unfair

Secretary DeVos characterized student loan forgiveness and free college as part an insidious notion of government gift-giving She said Weve heard. A corollary to the fairness argument says that student loan cancellation will disproportionately help wealthier Americans.

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If the program is truly fair then anyone that has ever had any college loan should be forgivencompensated equally.

Student loan forgiveness unfair. With Warrens plan households with an income under 100000 would have up to 50000 in student loan debt forgiven but forgiveness would be phased out for. Student loan forgiveness is completely unfair to the people paid their loans back. I dont want to see more people borrow money they cant afford to pay back.

Forgiving Student Loans Is Unfair. That is the money a person has spent paying off their student loans is. It is also a terrible use of taxpayers money but more about that later.

S from OP Im not against change the rules of the game for new students or alternating incentives in order to lower the cost of college. In terms of student-loan debt forgiveness the people who oppose it on the grounds of it being unfair arent wrong per se but theyre succumbing to the sunk cost fallacy or the sunk cost trap. The overarching theme is to make more student loan borrowers eligible for student loan forgiveness and remove unfair rules that create impediments to student loan cancellation.

The student loan forgiveness camp is operating from the assumption that people are entitled to a college education and other peoples hard work. However like a lot of people I graduated with considerable debt and had to make a choice about how to go forward. We shouldnt be giving out massive amounts of money to the people in society who earn more than the poorest.

See more Slightly more than 56 of respondents said those who previously paid off their student loans should be compensated if the government does implement widespread student loan forgiveness. Yes my examples are extreme but nonetheless they are only a moderately exaggerated picture of reality. Rather than stopping at saying that student loan forgiveness is unfair it is or that we cant afford it we cant we should take a deeper look at the root of the debate surrounding student loans.

During the height of the COVID-19 pandemic Senator Cortez Masto pause student loan payments and voted to overturn the Department of Educations unfair rule that penalized students for the actions of predatory for-profit colleges and made it harder for them to access loan forgiveness. This is obviously unfair. Forty-six percent of Americans think mass student loan forgiveness is unfair to former borrowers while 391 said it would be unfair to those who never had student loans.

Almost half of outstanding student loan debt is. Nor do I wish to pay it back for. It is regressive and unfair wont stimulate the economy and creates perverse incentives to.

Its a wealth redistribution scheme that puts the poor on the hook for debt incurred by the rich. Student loan forgiveness is by any definition a regressive policy giving monetary benefit to people who either currently outearn or in the future are far more likely to outearn those who didnt go to college. Dirty Jobs host Mike Rowe explained his stance against student loan debt forgiveness in a Facebook post on Monday.

According to an April 2020 Student Loan Hero survey of nearly 1250 Americans 46 of respondents said mass student loan forgiveness would be unfair to. While some believe it actually is just and reasonable to broadly cancel student debt via executive order others think a conservative approach would result in a more equitable and less polarizing resolution. The TV personality expressed many reasons for opposing the debt forgiveness.

I like the idea of low cost college. To professors who study the ethics of student loan forgiveness the idea of what is fair needs to be rethought. Student loan forgiveness is the wrong way to kick off the Biden administration.

The idea of debt forgiveness is perhaps the most unfair and biased idea to ever come from the crowd of social reformers vying for your vote. Joe Biden Just Delivered As In a Big Student Loan Forgiveness Move The forgiveness program will cancel 100 percent of loans held by 18000 borrowers who. But this program will not be fair to all and will penalize the responsible.

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