The financial sector is incredibly well organized. They are lobbying around the clock and have been able to repeal usury protections, deregulate the banking industry and grow their business, and we're all paying the price. That's why we need to band together to fight for fairer terms, debt relief and policy shifts that will ensure we don't have to take on debt to survive.
AN: Outstanding student loan debt has been rising for decades. What do you see as some of the earliest roots of the crisis?We used to have a model of adequately funding public higher education. That began to change in the 1960s, when Ronald Reagan was governor of California. He dismantled the University of California Master Plan, which provided free college to everyone, and demanded that the system start charging students.
AN: It remains uncertain how much student debt will be canceled, if any. Biden has said he's not considering wiping out $50,000 per borrower, suggesting he might decide on a smaller figure. You believe all $1.7 trillion in outstanding student debt should be canceled. Why?For millions of borrowers stuck in a debt trap, ... $10,000 or $20,000 barely provides a dent in the amount they owe.
AN: One of the leading arguments against student loan cancellation is that it directs resources to people who are better off, since they attended college. What are your thoughts on this?Truly rich people do not have student debt, because they or their parents could cover the costs. Also, the well off get lots of financial assistance they don't acknowledge.
People can work hard and pay off the debt…not everyone should go to college..other options are trade school or go to a jco or become a Truck driver and make $100k
Why should other people pay for student loans to be given for free? Complete idiots
This topic should be handled by something like the Farm-Aid Concerts, not by my tax-dollars.
Pay your own loan. Period.