Students got screwed over the last 20+ years. It’s really that simple. It’s a sad public education policy that started with good intentions, but ruined lives; possibly including quite a few readers of this BBS.
I truly believe students thought they were doing the right thing by taking out loans. Who wouldn’t? Who doesn’t want to have a better life? We’re all told college is the path to a better life. For many of us it is.
But some students didn’t succeed at school or graduated into a job without being able to service debt they can’t escape. That’s a horrific public policy. If a student fails, then the school should feel the financial pain too. Given that, Student debt forgiveness is understandable.
But what about the colleges & universities? They’re responsible for this situation too. They got all the cash, right? College & University Presidents make MILLIIONS OF DOLLARS A YEAR. Where’s the call, no the ANGER, for making one group millionaires while another group ends up with a lifetime of debt? Talk about your wealth transfer!!!
And now Ms. Warren propose to make college free?! We’re going to hand over even more money to this same group that helped to create this mess?
