US secretary of education talks about forgiving student loans

25 thoughts on “US secretary of education talks about forgiving student loans”

1. Debt can't be cancelled. It is only passed to the tax payers for future generations to pay it. The USA is currently collapsing. You did it to yourselves with attitudes like, you want to magically erase debt. HA HA , So Stupid!! Go talk to your accountant. He will set you straight!!

2. Stop making excuses for these deadbeats. Biden is claiming the economy is great;these spoiled brats still can’t pay their loans? What gives? They have money to make $700 car payments.

3. When you guarantee loans to anyone who wants to go to college, you effectively create a monopoly .. government subsidizing higher education is the cause of this .. LESS GOVERNMENT!!

4. I’ve seen some of the loans terms. They have you paying for housing and other fees and even giving a portion of the money to others with needs and for scholarships😵‍💫. Meanwhile you live at home and do not need housing but the college is getting paid for your housing. Crazy.

5. How about if you join the military for 3 years they pay for your school while you are out and then when you get out you can use the GI Bill

6. Funny how nothing bad has happened since the payments have stopped. Like I love this idea and with inflation rising. This is the time to act and make a difference for peoples lives.

7. Either public or private US College/Graduate Education is bloody expensive. And these Student Loans are hindering the growth-professionally and personally of all students. Furthermore, PSLF program, by the government, was very intricate and complex that any document inconsistencies (during 10 years) may jeopardize one's chance of debt forgiveness. I believe that IF all $1.6 Trillion student loans were forgiven by the Federal Gov't, it will help the economy in the long-run. Personally, Student Loan debt is a financial curse.

8. Students wouldn’t have to pay loans back if schools were affordable in the first place. How can a school be 32,000 a year? Make education affordable.

9. Seems like people who didn't go to college are doing economically better than those who did..

10. LETS GO BRANDEN 🗽 VOTE EM OUT 2022 TRUMP2024🗽
    
    China Joe once gave a eulogy for the DEMS Virginia US Senator and a once Supreme Grand Wizard for the KKK, in 2006 there was an opportunity to put the first Black Woman in the Highest Court that went by the name of Judge Janis Rogers, Biden opposed and threated a filibuster.
    
    This is what China Joe is all about – Wake up
    
    Creepy China Joe once said – "Inter City Busing, by bringing black people to white schools will create a racial Jungles, I don't want my kids going to a racial jungle" He also said – "HE LIKED IT WHEN BLACK KIDS FEEL THE BLOND HAIR ON HIS LEGS TO WATCH THEM STAND UP AND SIT ON HIS LAP – LOOK IT UP –
    
    Whatever happened to MLK dream? we will be judged by our character not by the color of our skin.
    
    WOKE LEFT = DEMOCRATIC SOCIALIST = DEMS = DIRTY ELECTIONS MADE SIMPLE X1

11. Could just provide free secondary schooling like every other advanced society…. sorry that would be "communism" according to america. What a dirty idea

12. The Groomer Party.

13. "Trying to fix the system thats so complicated and difficult for borrowers to understand"

    Loans are NOT complicated nor are they difficult to understand. If that's truly an issue for borrowers, perhaps they are nowhere near as intelligent as they like to think they are.

14. They are doing nothing to fix issues with this program. It a guaranteed profit engine for them. Why would they forgive this when its making them so much money. They built this back in the 50s for war vets. Its been like this for 40 yrs. Its designed this way on purpose. They will continue to postpone payments so they can accrue more interest, smh. There are no internal controls, checks or safe guards as to who is approved or what schools you can attend or what degree they will pay for, they have no guidelines as to whether a state or private or ivy league school is necessary. They just send out checks to kids and tell them to follow their dreams without a plan. They should not loan out no more then 30k max for a 4yr degree. Most schools cost less then 6k a year and most students don't spend loans on tuition, they buy clothes and bitcoin or 10k tuition to unnecessarily study overseas and fancy apartments when they could have just stayed home with mom. This program has ruined so many lives, now in their 30s, graduates can't even buy a house or start a family with all the debt and interest that has accrued.

15. I feel like we are spending more money as a nation trying to collect on student loans than we would if we forgave them.

16. He's so annoying and not answering the questions being asked

17. No one should get loan forgiveness, and if so they should be reported as a bad credit risk for all other loans. No loans for mortgage, vehicle, credit cards, or anything else they want loans for. If they can just wipe out student loans with no recourse, then what will stop them in the future.

18. Talk do not, do!

19. Man I wish

20. Government student loans are bought and sold on the open market to other lenders and businesses. And like any commodity, they change hands many times over – just like mortgages. Because the government guarantees these loans, they sell easy! The government can't just outright cancel them with out severe repercussions to all the buyers/sellers of these loans. They would need to make all these loan owners whole. And where do you think the money comes from to do this? It comes from us. That's right, all of us who worked hard and owned up to paying our student loans would now be responsible for paying for all those who don't want to be responsible. Does that sound fair? We didn't tell you to go that expensive school for a major that has few good paying jobs in the market. Grow up and be responsible!

21. Fix Student Loan. Don't allow student loans to attend out of state schools. Lower the interest rate. Lower the penalties for default. Make student loan payments tax deductible (not just the interest, the entire payment).

22. They most have taken addition out of school curriculum. College isn't a given, it is earned! So if you don't go to college you're responsible for paying your loans. But if you go to college you're not responsible for paying your loans.

23. JOE Biden could totally redeem his presidential failures by erasing all students loans he would be a hero amd loved ..get r Done JOE

24. If they would kill the interest I have no problem paying my loans. But there have been countless stories where people have paid 40k out of their 70k debt and interest still has them owe 70k.
    I want a system where its possible. But its impossible considering the interest rates and how competitive the job market it. No one wants a kid fresh out of college with a bachelors. They want someone with a masters and a noble prize at this rate just to pay them maybe 40 k.
    Its ridiculous

25. This system favors pennies over people.

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