Student Loans Debt

[PhiGam]

This is a horrible idea. Not only are you wasting billions of dollars that should either be spent on some sort of sustainable public works project or not spent at all, but you're also setting a precedent for people to carelessly borrow money.

[agzg]

Originally Posted by PhiGam

This is a horrible idea. Not only are you wasting billions of dollars that should either be spent on some sort of sustainable public works project or not spent at all, but you're also setting a precedent for people to carelessly borrow money.

This might be the first time I agree with you. There are already too many people who run up insane amounts of credit card debt without thinking about the ramifications. Why cancel what is considered good debt?

If you file bankruptcy, you still have to pay your student loans. The government is not going to forgive all student loan debt.

[KSUViolet06]

Originally Posted by PhiGam

This is a horrible idea. Not only are you wasting billions of dollars that should either be spent on some sort of sustainable public works project or not spent at all, but you're also setting a precedent for people to carelessly borrow money.

I'd have to agree with this.

Money spent to do this could be going toward alot of things this country really needs.

Besides, individuals paying off loans helps build credit. I think that having more people with stronger credit will help more than having the gov't shell out a bunch of money.