Lawmakers Introduce Legislation Cancelling Student Loan Debt

[dfrecore]

To me, "greedy" is an incredibly lazy assessment of people trying to get ahead in their lives. As college costs rose while wages stagnated, many learners have had to take out loans to be able to afford that same education, on top of working the same hours and gaining less for it.  

Personally, I'd say if this college debt is creating a large economic burden that ripples throughout our entire society, we should probably not listen to the aging segment of our population who wax on about the past (avoiding any mention of how they took advantage of the social policies that they now rail against for others), and look more to the rising generation and their inability to obtain a similar quality of life for a similar quantity of effort.

I know I had about $20K in college debt and paid it off in 3 years. Still, I can reason that since much of the American Dream mythos is driven by home ownership and access to a "brighter future," we'd likely want to work to preserve that for the current generation, many of whom are facing a level of debt that will preclude any kind of future resembling that which the Boomer babies had.

I have 2 kids who are nearing college age, and I will be helping them pay for college - so you're telling me that I have to pay for THEIR college AND other people's college?  No thanks.  This is not because I'm stingy, or aging, it's because I believe in paying for what I signed up for.  Everyone didn't HAVE to take out these loans - they chose to.  I also don't want to pay off other people's cars, or houses.  Again, not because I am some greedy jerk, but because I didn't sign up for their car payments or mortgages.  AND, I don't think they should have to pay off mine.