Here come the payoffs for youth vote.

[xenon]

The government should get out of the business of providing unlimited loan money for schools.

If it wants to subsidize post-secondary - it needs to do that directly and not incentivize administrative bloat by giving students unlimited money.

[George K]

Remember, this is for federal student loans.

How long before those who signed up for private loans line up at the trough, singing "ME TOOOOO!"?

[Mik]

@xenon said in Here come the payoffs for youth vote.:

The government should get out of the business of providing unlimited loan money for schools.

If it wants to subsidize post-secondary - it needs to do that directly and not incentivize administrative bloat by giving students unlimited money.

100% in agreement.

[Doctor Phibes]

I think it's an awesome idea.

In fact, I think they should pay students to go to college over the next 4 years, and give their parents free beer for raising such upstanding citizens.

Sod you lot!

[Copper]

I might use some sod on my lot in the places where I just can't get the seed to grow. But it might be too late in the year to find sod at Lowes.

[LuFins Dad]

@Doctor-Phibes said in Here come the payoffs for youth vote.:

I think it's an awesome idea.

In fact, I think they should pay students to go to college over the next 4 years, and give their parents free beer for raising such upstanding citizens.

Sod you lot!

I agree!

[Doctor Phibes]

Charity begins at home.

And in my case, never leaves. Just like my freaking kids.

[jon-nyc]

I’m fine with just making it dischargeable in bankruptcy like (almost) any other debt.

And dial back the subsidies. Make the lenders more responsible and that will vastly improve the incentive structure for students and universities.

[Larry]

You can thank the democrats for forcing the private sector out of the student loan business and then fucking it all up in the first place.

[taiwan_girl]

I agee with those above who say that it is a bad idea.

Because it is a bad idea!!

[Jolly]

I'm from the government and I'm here to help you.

[George K]

[Doctor Phibes]

I rather suspect that cancelling student debt will prove to be eerily similar to replacing Obamacare and Mexico paying for the fabled wall.

[Mik]

[LuFins Dad]

Please wait at least 1 year! 4 would be better!

[George K]

@LuFins-Dad said in Here come the payoffs for youth vote.:

Please wait at least 1 year! 4 would be better!

I poured beaucoup bucks into my kids' college education. They all graduated with no debt.

Where is the office I go to to get my money back?

[jon-nyc]

Wait until we hear Biden say it.

What we have now is a Warren plan from the summer and a commissioned opinion that it would be within the law.

[Loki]

No doubt he will delay. The provision allegedly to cancel comes from the Higher Education Act of...Wait for it....1964.

[jon-nyc]

Meh. Far more complicated than that.

https://www.warren.senate.gov/imo/media/doc/Ltr to Warren re admin debt cancellation.pdf

[jon-nyc]

Maybe we should think of this as reparations for selling them a bill of goods about the value of their degrees.