Speed readWhat's happening: The rising cost of education and the increasing necessity of a college degree in many professions have led to an explosion in student loan debt in the U.S. Americans now owe $1.56 trillion — a figure some experts have called a "crisis" for the economy.
Story continuesWhy there's debate: Despite its trillion-dollar scale, Warren's proposal would directly help only 42 million people, or roughly 14 percent of Americans. Individuals who chose not to go to college, those who have already paid off their loans and anyone with a household income over $250,000 would be left out.
What's next: Polling suggests that a significant majority of Americans believe reducing student debt is important. But support for loan forgiveness is more split along demographic lines like age and race, with young people and people of color largely in favor. "Indeed, student debt abolition and free college would be a win-win for the entire country. Not only would debtors get relief, academic research shows it would be a significant stimulus that might 'supercharge' the economy and help address the racial wealth gap. Money currently used to pay back loans with interest would be redirected to other goods and services.
"I don’t know if I’d personally place a debt-forgiveness plan like she has proposed at the very center of a left-wing agenda . But there are certainly much more appalling things than a transfer from the ultra-wealthy to the middle class." — Jordan Weissmann, Slate
Absolutely not! You agree, sign and spend, You repay. Period!
NO! If you want to do that give me a 50 million dollar student loan and I will home school my self at my own pace.
No! Pay your bills like the rest of the graduates. Stop whining! You took the loan out, you pay it back.
No, if the money was given as a loan then you pay it back. If you want free money earn a scholarship 🤷🏻♀️
Yes
No but repayment plans should be reasonable with lower or no interest. I’d like to see community colleges being free or provide a sliding scale for tuition.
Yes
yes.....just this one act of socialism, PLEASE !!!! I am pleading here !!!......and then we can go immediately back to full proof Capitalism.......
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Elizabeth Warren: Let's Cancel Student Loan Debt And Make College FreeElizabeth Warren wants to cancel your student loan debt and make college tuition-free. Here's what you need to know: I'm precident government vice praice UK American Canada I'm foor life in Philippines never hem never allwyas them Bonne chance madame Cancel student loans, yea that's fair for NO ONE but the people who planned poorly and spent too much on college.
Source: Forbes - 🏆 394. / 53 Read more »
Opinion | Canceling Student-Loan Debt Is a Bad IdeaOpinion: “I agree with Elizabeth Warren that we need to address the skyrocketing tuition costs at American universities. But complete student-loan debt forgiveness is not the solution.” Maybe star running schools as institutions of learning instead of for-profit diploma scams? Dah! Schools just keep raising tuition prices and the tax payer covers it.
Source: WSJ - 🏆 98. / 63 Read more »
Elizabeth Warren: Let's Cancel Student Loan Debt And Make College FreeElizabeth Warren proposes a transformational plan for student loan forgiveness and free college. I'm fine with the debt but where is the money to fund colleges going to come from? “Just pay 4 times as much as you do rn in taxes. No big deal” I want to be a billionaire. I have the same chance of becoming a billionaire as she does of becoming president. NOT GONNA HAPPEN.
Source: Forbes - 🏆 394. / 53 Read more »
This woman is paying off $35,000 in student loan debt by snugglingProfessional cuddlers can make $80 to $100 an hour and cuddling for cash can make for a lucrative side-hustle, too. MakeIt that's a male though MakeIt snuggling...is that what they're calling it now? MakeIt I see a photo of 3 people in desperate need of psychological help.
Source: CNBC - 🏆 12. / 72 Read more »
The 2020 Presidential Candidates' Proposals For Student Loan DebtWe take a look at the major 2020 Presidential Candidates' proposals for student loan debt, including Donald Trump, Elizabeth Warren, Kirsten Gillibrand, Bernie Sanders, Kamala Harris, Pete Buttigieg, Amy Klobuchar, Cory Booker, Joe Biden, Beto O’Rourke, and more.
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What would happen if the U.S. canceled $1 trillion of student debtThe U.S. has roughly $1.57 trillion in student debt — the U.S. government holds more than 90 percent of it. Some Democrats want to make that, or at least a large portion of it, disappear. The idea of canceling student debt has been gaining steam with 2020 candidates vying for the votes of young college-educated Americans. But what would it actually take to erase a big chunk of government-held student debt, and is it really a good idea? The people who are responsible in their lives, and do not take up vagina studies should NOT be financially responsible for dipshits. They will reapply for another trillion$ in debt as soon as the first trillion is canceled. riots. defaults on home mortgages and car payments....we ALL struggle to pay the bills...no matter how much money we make we will ALWAYS live on the far edge of our means....so if you clear one burden than clear it all and clear all credit reports while ur at it
Source: CNBC - 🏆 12. / 72 Read more »
The Six Biggest Questions About Elizabeth Warren's Plan To Cancel Student DebtThe answers to these questions may determine who gets their student loans forgiven, and who gets left out. Funny because she lied to get a high paying job at a pretty prestigious university - eliminating people like her from the mix would lower tuition how old is from the woman who lied and cheated her whole life to be in the position she's in. Fraud Indian We the people need to cancel her!
Source: Forbes - 🏆 394. / 53 Read more »
Here's who would benefit from Sen. Elizabeth Warren's proposal to cancel student debtNearly all student loan borrowers would see some of their debt canceled under Elizabeth Warren's new proposal. Here's who would benefit most. Ok Can we cancel Elizabeth Warren? And for the parents who scrimped, saved, skipped vacations, worked 2 jobs to save for their kids’ educations...nothing?
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Canceling student debt: The costs and benefits of a 2020 planThe U.S. has roughly $1.57 trillion in student debt. Some Democrats want to make that, or at least a large portion of it, disappear. The idea of canceling student debt has been gaining steam with 2020 candidates vying for the votes of young college-educated Americans. But what would it actually take to erase a big chunk of government-held student debt, and is it really a good idea? Watch the video to hear what experts and students think about plans to forgive student debt. what about people who just paid off their debt but have no money because of that? Will they get help? This is just the principal balance. Would you like to know the total dollars paid after interest expense? WayMoreThan2Trillion That’s all those basket weaving majors who found out after getting their “degree”, there’s really no career in that particular field.
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The unconventional way this man paid off $70,000 in student loansRay Laureano and his wife use a controversial loan repayment strategy, but it works for them: They estimate they'll be debt-free by 2020. MakeIt Make $70,000 a year MakeIt Well written. If you into trading visit our partners page instacryptonews , they have super fast tweets from all major coins. MakeIt They have a disturbing secret. What are they hiding?!?!?
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99% Of Borrowers Rejected Again For Student Loan Forgiveness99% of borrowers have been rejected again for student loan forgiveness What's the criteria for student loan forgiveness? I don't understand why they don't make student loans available at 1-2% instead of the current 5-9%. These rates are higher than car loans...this is one area where the government can actually play a role.The dems free education idea is stupid, but the 5-9% rates are also too high when if you not understand bank what mine translate for me and five a reason you dor me if you now
Source: Forbes - 🏆 394. / 53 Read more »