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by dktokyo 1395 days ago
Many of these students lay at the generational divide between college guaranteeing a great job (during the generation when most people went to high school and then trade) and college being a prerequisite for any job (today). And those universities only became so expensive because the federal govt guaranteed loans in the first place. University is radically more expensive than it was a few decades ago.

It's not as simple as you lay it out to be.

2 comments

His point still stands that giving everyone 80k is more fair. The people who took out huge loans for degrees still have degrees from nice schools which will likely help them in the future. This shouldn’t be a win-win for people who mismanaged their money
Well, there are many many many problems in this world. Nothing is simple in this world. Including forgiving student loans. Forgiving student loans will create another sets of problems, like Pandora's Box that we can't ever put back.