Skip to main content

Should Student Debt Be Forgiven?

 Introduction

This just in, Biden has just announced that he is going to forgive student debt! Doesn't that sound amazing? You will no longer have to use too much of your "hard-earned" money to pay for the school that YOU decided to attend! Let's give a round of applause to the charitable white house that is equivalent to Homelander saving the people of America out of the kindness of his heart. If you thought this last sentence was me being serious, LOL I wasn't being serious. On a real note, what is the actual plan? There are people that do not read the fine print and only read the headlines. Those who do that, often get suckered into investing time and money in something that doesn't even work or benefit them. Let's dig deeper into this plan on what it is really about.

What is Biden's actual plan?

According to The New York Times, "President Biden announced a plan on Wednesday to wipe out significant amounts of student loan debt for tens of millions of Americans, saying he would cancel $10,000 in debt for those earning less than $125,000 per year and $20,000 for those who had received Pell grants for low-income families...“All of this means people can start finally to climb out from under that mountain of debt." So this means we're going to move money around like it's not a big deal to solve other people's temporary problems and not solve an even BIGGER problem, which is the country that we are living in? If anything, our taxes should be helping solve the current economic problem, the education system, and others.


Pros & Cons

+ It will help low-income families
+ You will pay less money than what you originally owed
+ Using someone else's money instead of their own
- It doesn't wipe out "all" of the debt
- Only low-income families qualify
- Date of issuing the money is undetermined
- The forgiveness will eventually have to be paid back

Who will be affected?

Students will definitely be affected because they will not be paying as much money. I am kidding, they will be paying more or an equivalent amount to what they already owe since they'll most likely be paying it back in next year's tax dollars. The people that will be affected are the people that actually have a job that is working at least 40-60 hours a week. More importantly, the forgiveness will be coming out of everyone's tax dollars, or at least the people that pay taxes. The plan is approximated to cost about 500 billion dollars... what the hell?

Final Thoughts

As a student that attends a 4-year CSU, I think that the student debt is ridiculously high, but not to the point where I think college should be free. The people that work for the universities need to get paid somehow. As a business major, I think that the people who rely on debt relief do not know a single damn thing about responsibility. I highly doubt business owners were just handed money (except Donald Trump), MOST of them grind for their money by working odd jobs and thinking outside the box. It's pretty simple to pay off student debt, get up off your ass, and get a job. If a job requires a degree and you don't have one, then learn how to pick up useful skills and be social to build connections to help you land jobs. For goodness sake, you cannot expect the government to be handing you things left and right, you have to do something for yourself. What is the point of feeling accomplished and successful if you aren't doing any of the work? Learn how to be an adult instead of acting like a spoiled child that needs to be handed things.


Comments

  1. Chloe the ConservativeAugust 24, 2022 at 9:33 PM

    Love this blog post! I love how you analyse and write about the recent "forgiveness" of student debt.

    ReplyDelete

Post a Comment

Popular posts from this blog

Can Children Make Life-Changing Health Decisions?

 Introduction I would like to write about this since this is a situation that is hitting somewhat towards the county that I live in. This is affecting kids, and that's where I have a problem, kids are not old enough to make their own decisions, especially when it comes to getting the COVID vaccine. As a person that loves kids, this is where we need people to stand up for the children! What is SB 866? This bill was introduced by a man named Scott Wiener. He was elected back in November of 2016 and represents District 11 in the California State Senate. District 11 covers San Francisco, Daly City, Colma, and Broadmoor. His goals are to make housing affordable, put money towards transportation systems, "easier access" to healthcare, support working families, and spread awareness of climate change. According to Wiener's website, " SB 866 permits minors 12 years and older to consent to vaccination when the vaccine is approved by the United States Food and Drug Administ...
Post a Comment
Read more

Roe vs. Wade: Should It Be Overturned?

Introduction Giving a BIG thank you to the SCOTUS who "accidentally" leaked the information that the Supreme Court is trying to overturn Roe vs. Wade. Oh boy here we go, the topic where apparently ONLY WOMEN get to have a say on this movement and where men are not allowed to have ANY sort of say. Let me first start off by saying that men are allowed to have some sort of say, in what happens to the kid, but it is ultimately the woman's decision. The topic of abortion is so controversial to the point where I, myself, don't have a one-sided opinion on this. Here's the problem, should abortion be a woman's right or a privilege? History of Roe vs. Wade Abortion was not accessible in all 50 states, it was provided in at most 4 states. In 1973, this was considered a lawsuit to give women the right to be able to have an abortion. The name "Roe" comes from a woman named Jane Roe, which is a pseudonym for Norma McCorvey, who lived in Texas. She got pregnant an...
Post a Comment
Read more

Is Freedom Of Speech Limited?

 With the world of politics continuously changing, lines have become blurred when it comes to constitutional rights. The constitution was set in stone to help guide and set order among the people that live in this country. America may be the land of the free, but that freedom also has to come with not breaking laws either. In today's world, I feel that the "freedom" has been very limited and that it has become very one-sided, who gets to have that freedom of expression? Who is "allowed" to have a voice? Who is "allowed" to have an opinion? What is the first amendment? For the people that have studied history at their schools, people know that the first amendment has to do with freedom of speech. If we were to look at that amendment in depth, according to the Legal Information Institute,       "The First Amendment guarantees freedoms concerning religion, expression, assembly, and the right to petition. It forbids Congress from both promoting o...
Post a Comment
Read more