this post was submitted on 30 Jun 2023
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I'm not really sure where your weird take on this comes from, but the lowest economic class does not get enough pell grants and financial aid to not have to take out student loans.. and middle class absolutely took out loans. The wealthy had their college paid for, mostly by paying right out of pocket. The people who can afford to make the payments do, and did. This was never about hand outs or freebies.
For the last 12 years, if you would have been paying attention, was packed full of predatory lending practices on students because they have no choices. It's either pay and not afford rent, not pay and suffer wage garnishments, or take part in there programs where you can at least pay a little bit see your balance skyrocket because you aren't even paying the interest on it. There. Were. No. Options. And before you go into the BS about, then go to trade school: need flash - trade schools were packed and no one was hiring. It was either better you skill set, or fight for the low wage fast food jobs.
The loan forgiveness was meant to right the wrongs that happened under republican leadership of these programs.
It's ridiculous that I even have to explain this. It's like people choose to be blind and worship the people stepping on their heads with their heels.
We are not liberals or democrats here to preach about what republicans did, as democrats have done no better.
NOT EVERYONE goes to college/university or even extensive technical/trade school that ensures leaping over the "real working class". Look at the demographics and the percentage of the population reaching "higher education" than HS. The percentage that didn't, never took out a single loan and after this handout to the "middle class" (it is funny because on another thread I am engaged in someone reacted to the term as I fabricated it and brought it on without theorizing upon) they will end up with no degree and no loan without payment. This will increase inequality.
I am surprised that this escapes you, that a large portion of working class kids never attempted to go to any college because simply they couldn't afford it.
Just because the conservatives are using it as leverage to manipulate the poor and working class to their advantage doesn't mean they are wrong on this one. Do you have any clue what it costs to become a physician in this surreal country we are referring to in the cheapest of all state medical school? How many years one must go in debt if have no other support to eventually get a badge that says now I can scoop it all up and make tons of money. Or how rich kids can go to the Carib. private schools and buy themselves an easy degree and compete.
Again, I am not against those that got in debt in getting a waiver, I am in support of all of those that didn't and now are being pushed further behind in the class difference. If they are going to waive payment to some they should give a cash handout to those that didn't get a loan because they never went to school.
undefined> The loan forgiveness was meant to right the wrongs that happened under republican leadership of these programs.
I remember since the early 90s under no republican leadership the gov guar. student loans were sold over cheap to private banking and collection to collect. Again we are not a liberal crowd here to preach anti-republicanism when real defense and advancement to capitalism is carried out by dixocrats, including a dark-skinned one.
Remember who in the 90s passed legislation to wipe out urban poor housing under no protest no contest in court for 1/3 value offerings, and handed out urban land to developers to beautify and modernize cities? This caused the real-estate boom, the explosion of housing costs, and the transfer of the financial bubble into housing and development, to yet another bubble that blew up and sentenced the entire world to pay off the US financial bubble. It also created the transportation havoc created in nearly all urban/metro areas and had people travel 1-2hrs to get to a reasonably paying job.