Chad🎩 on Warpcast

Chad🎩 pfp

farcaster’s thoughts on student loan forgiveness?

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Nicholas Charriere pfp

Nicholas Charriere

Weird that it's even considered. Seems like a short term bandaid with terrible second order effects which does nothing to solve the underlying problem (why does higher education cost so much in America!). Suffers a lot from the wokes demonizing anyone that question it.

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Cassie Heart pfp

Can’t wait to spend more taxes on people who took the least promising career path but also least risk-adjusted debt 🙃

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Jay Jay pfp

Happy for people who got some relief. But don’t think it’s good for society as a whole. I think colleges need to take on risk. I.e. if students can’t get a job they don’t get paid. Right now they get paid and don’t still don’t have to educate

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Montana Wong pfp

These will essentially be paid off with a mixture of money printing and taking out of taxes right?

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Nate Abbott pfp

https://en.wikipedia.org/wiki/Moral_hazard

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Noah Jessop pfp

...biased/based here: the clearest sign that academia is in free fall most of it was never meant for the students (maybe it started out that way)

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RPS pfp

It's TERRIBLE. I paid off my student debt making less than $5k per year. Don't be lazy, make sacrifices and get it done. It also allows these colleges to continue to raise their already exorbitant tuition prices because they know the gov't will bail people out.

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mk pfp

Strongly ambivalent. Tuition bubble was fueled by loans. The forgiveness is not a fix, and yet student debt is crippling the next generation middle class before they can properly consume and be taxed. Old model is old.

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Tara Fung pfp

Bandaid. Sucks for anyone who refi’d or made sacrifices to pay off. Won’t move the needle on the student debt issue. Giving unlimited loans with no underwriting and not requiring info be provided on expected earnings by degree at each institution is part of the bigger issue.

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Ayo pfp

Until you make universities partially liable, higher Ed costs will continue to spiral. Right now they benefit by default and endure no burden for students not being able to pay

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Payom Dousti pfp

yes, but by allowing for default on the loan. alternatively i'd support having the universities subsidize the loan as penalty for providing net-negative utility education.

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