Should student loans be forgiven?

[davsand]

32. This is not a single step fix.

At a minimum, interest and fees on any student loan need to be removed from the debt. Interest on any existing student loan needs to be prohibited. Doing that will most likely result in private lenders getting out of the market completely because that removes their profits. ALL lending for student loans needs to be made a governmental program set up to protect against any more predatory lending like we have had for the last couple decades.

Debt repayment on new loans needs to be based on the realities not on some bean counters opinion of what somebody should pay.

Degrees in needed fields like teaching, medicine, and mental health fields (just to name a few) need to be canceled completely after X number of years/months/days (insert your chosen time unit here) working in that field. Any payments on those loans need to be suspended as long as they work in that field. Add bonuses to people for going into under served areas if there is any real desire to make it attractive. Maybe offer a form of Single payer health care coverage to the deal too!

Yes, Biden does need to do something to live up to statements made on the campaign trail. A failure to do anything is an absolute betrayal of voters. How much actual political will is actually there, I don't honestly know. From a personal perspective, I believe all existing debt should be wiped out, but I doubt it will be. We can hope.


Laura