Will your student loans get cancelled? It depends who you ask.
www.forbes.com
Congratulations US Taxpayer, looks like you will get to pick up the $50,000 tab of irresponsible college students and families who took on more debt than they could handle because they felt entitled to go to private elite colleges 3 time zones away and concentrate their studies in useless majors that have no demand in the job market. These students and families who feel entitled to this have the audacity to say they have been “enslaved” or victimized by student debt.
Moving forward, there needs to be more controls in place to qualify students and their families towards state and local institutions and concentrations of study that yield good paying jobs.
Check your race cards and class warfare bullshit at the door.
The trouble is that even state colleges have seen huge increases in tuition because Republican governore have cut the amount of money that goes to colleges. A lot of this was never going to be paid anyway so that would be a acknowledgement of reality.
So you'd rather bankrupt the entire state? That spend until bankrupt plan worked well for Detroit.
And by the way, that isn't even remotely true.
You still get a degree for barely $4,800 a year, and yes that is very affordable.
Exactly... my husband works at a state university that is in very bad financial shape due to enrollment reductions for the last 10 years. And guess what, said 'president' of this university has done NOTHING to prepare for the coming budget disaster, just kept kicking it down the road every year. Said president, a 'highly educated (PhD)' liberal democrat, is one of the state's highest paid employees, like either number 1 or number 2, makes more money than the governor of the state. He's been completely derelict in his duties to run an operation that is within budget, while accepting unethical pay increases (an $80,000 raise last year!). He just put out a video last week about the up coming layoffs that are an evil necessary to get the university within budget because of, you guessed it, COVID!!! Let's ignore the prior 9 plus years of running the place into the ground while accepting more and more money in your own salary every year. You don't see him taking a reduction to save jobs when he's literally the one person responsible for the dire condition the university is in. These are the elite liberal assholes that look down their noses at you and preach about big corps and Wall Street while stealing money from tax payers to do a job they're not even qualified to do. And this scenario is just one microcosm of exactly how everything is run from a democrat standpoint at both the state and federal levels. They had several ethical violations of tenured professors over the last several years that got put on 'special assignment', i.e. not teaching, not even in the state, but sitting around collecting their full professor salary while doing nothing. It's the same swamp that you see every where else, getting paid to teach your children their bullshit liberal propaganda, and it's all coming from tax payer money, yet nothing is done to stop it.