Admiral Rockwell Tory
Diamond Member
I totally agree that cost has gotten out of control. You are right that the loans in private hands wouldnt be given as freely bc private business wouldn’t want the loss. So students wouldn’t qualify and then college would have to get less expensive.Momentum is strong for Biden to cancel CURRENT student debt. That’s incredible and will save me personally $40,000. But what about todays high school seniors who will take out loans NEXT year??? Where is their relief?? Its just gonna create more oppressive debt unless he does a fresh executive order every year.
We just need to get w modern civilization and make it free just like K-12
The cost of college is definitely a problem, however, the fix isn't making poor people pay off the debt of wealthier people, which is what the Biden and Warren/Schumer plans do. The answer is to take student loans out of the hands of the government because they caused the inflationary problem with the cost of college.
Id favor an income-graded tuition. If your family earns less than $80K a year, you go for free. $80-150K you pay, say, $4000 a year. Over $250K you pay full tuition
What does my parent's income have to do with my ability to succeed in college? None.