From the article: The Basics of Student Loan Forgiveness and Repayment Programs
Loan forgiveness programs reward graduates for taking jobs in professions, geographical areas, and government agencies that are under-staffed. While many people would applaud the choice to work in these areas, many of the same people do not appreciate having to pay for it with their tax dollars.
Teachers "deserve?"
- Only teachers get their loans forgiven? Please!!! They are in the only profession where they can instantly be hired out of school, while the rest of us "compete" with people with years of experience that graduated after the ill-fated democrat takeover of the legislative branch in 2006. That's when sh** exploded, so the very people that created the climate where I CANNOT GET A JOB IN MY FIELD should let me defer my stupid loan payments until their lousy economy picks up again!!! I will pay them the f*** back when their mishandling of everything ends and I can get a decent paying job, which is why I went to effing school to begin with.
- —Guest Lon
Education = Higher Income
- Numerous studies have linked increased education with increased income. With increased income comes increased taxes. Rather than squandering the revenue from those increased taxes on expanding government meal ticket programs, why don't we use that tax base to promote education and enable those who desire an education, but who are too poor to afford it, the opportunity to better their own lives through the dedication and hard work required to obtain a degree? A few caveats and exceptions should be included, such as refusing loan forgiveness to those who have dropped out due to non-extenuating circumstances. Loan forgiveness should be administered on a basis of priority, with those who are the helping and teaching professions given higher priority. As a society, we neet to promote conribution to society - loan forgiveness programs are a big, positive step in the right direction. -Self-funded Ed.S
- —Guest Mike
An Economic Stimulus that makes sense!
- I have a student loan, my adult children have a student loan. Frankly, the payments are crippling. Instead of giving money to buy a house or a car, forgive our student loans. For me, that would give us more money to start to spend again, which will stimulate the economy. It makes sense to me and many others.
- —Guest Anders
Motivation
- I don't think that American Students who graduate from high school with a 3.00 or higher should have to pay for a college degree during the first semester. If they keep up the grade point average, then let's keep on giving them a free education. I believe that this would be an incentive for all students to do their best. In retrospect, let's forgive these loans because it is an investment in America's future!
- —Guest Pam
Tuition Ripoff
- As long as the government does not provide oversight of colleges making false claims about career opportunities for their graduates, it should take some responsibility for a loan. Colleges offering non-MD doctorates in a medical specialty are aware of limited opportunities for their graduates. Eager young student are taken in by glib financial adminstrators who provide assistance to the student to obtain the loan. Once the student is enrolled in a 5-year program, the school will do everything in its power to keep the student from dropping out to keep the tuition payments. Upon graduation the student discovers that there are few, if any, opportunities in the field, or that an expensive licensing program must be completed before a job search can begin. This is clearly a scam on the part of the specialty schools which should be prevented by the government. Instead, the bad loans are turned over to a collection agent at a fraction of its value and the students are hounded for life!
- —Guest worriedparent
Absolutely!
- I am fine having some of my tax money go twards supporting teachers. It's one thing to say that college students are aware of the $ needed to go to school but teachers don't make a lot of $ after graduation. Teachers are among the lowest paid professions and since a bachelors degree is required, only to turn around and make dip squat, I'm all for helping eliminate some of that debt. Teachers put up with crap all day long therefore there needs to be SOMETHING to make it all worth the $ to make nothing.
- —Guest Gerberdaisy
Loans shouldn't exist
- Loans shouldn't exist because education shouldn't cost anything. Going to school enriches the whole community as well as all of society. Society should pay, as a whole, for the benefits it receives. I am not an island! I affect people around me, I teach them, I lead them, yet I had to pay to become educated to end up in this position. Nay, I say! Education should be free, but students should be more accurately mentored into which field to choose. Producing 20% artists is not great for this society, and should not be encouraged. We should direct students to areas where they have skill and facilitate their entry into fields which are understaffed, and perhaps this can be done through better pay, but we should certainly not force students to go to school. GOING TO SCHOOL IS A RIGHT FOR THE PROLETARIAT!
- —Guest Ivan
An educated America is a better America
- Yes, it is not only fair but wise. The length of my life will depend on doctors who are educated. Why should they be penalized for putting forth the extreme effort and sacrifice it takes to become "the best. They also have to give up hundreds of thouands of dollars so we who don't put forth the effort and sacrifice can take advantage of their work. It just makes sense it might even help reduce our health care cost if they're not repaying as much money
- —Guest john Tiger
BREAK FOR EVERYONE
- It is my belief that EVERYONE should have the equal right to have a loan forgiven. I was, frankly, NEVER told about any profession I entered that my loan would be forgiven. I see it as a scam for a certain few who have connections or have insight from someone else who found out about loan forgiveness and chose to share the info. Our government should be offering a bailout to far more than they are. If we are an educated society, let's start showing it!! Those of us who had to wait for our education & did our best to educate our children without the benefits of a rich daddy, rich grandfather, trust funds that were inherited, or by ways of the welfare system, we are the ones who are left 'holding the bag' as they say. Single moms & dads are all but forced to get education if they are to provide for a better future financially. And the hocus-pocus of 10 yr commitment should be only a 5 yr commitment. Let's get REAL America!! There are millions in trouble and millions need help.
- —Guest FREDRIKA
Theft
- My wife and I paid for our student loans. We now cannot retire because we keep paying for everyone else's free ride. Just bury us under the nearest bridge before we rot. Thank you.
- —Guest Skippy Stone
The Catch-22 of all this..
- I'm currently on SSI for a psych disability. I have a moderate amt of student debt from my first shot at college. I had to drop out from psych hospitalizations. I want to go back, I'm doing really good now, I want to go back to school, get a degree and get a job and off of SSI. But I can't pay off my loans while on SSI, and I can't go back to school if I have 'bad' loans. Talk about a Catch-22.
- —Guest Bekah
We Need Something
- Many people who decided to go to college, particularly adults who graduated in the last few years, thought they were helping thier situation, not making it worse. It was quite frankly the stupidity of people who got us into this economic crises by taking loans for houses they couldn't afford, while the rest of us who are honest and careful had to suffer under the weight of others mistakes. Other countries have programs that benefit those wanting a career and the ability to pay back loans. I Personally was never told about any programs, am having trouble finding information on any and have only briefly heard anything on teaching in order to earn loan forgiveness - I have before and currently do, volunteer (trying to do something while unemployed) but I am not a teacher. Those of us who have tried, have never taken unemployment benefits, but simply can't find a job regardless of how well we did in school need something to help.
- —tillyanne
No not unless they offer to everyone.
- Doctors and teachers loan forgiveness is bull, why would anyone want to pay their loans off, what about the average man or woman that can't afford it either. Single moms and dads for one. If your going to offer loan forgiveness it should be available to everyone not just a certain group, am I right or wrong? either all or none, thats what I feel is fair if my I should say our tax dollars are paying for it.
- —Guest Robert
Absolutely
- There are so many government agencies that are understaffed. If you can incent recent graduates into those agencies with the offer of forgiving all or part of their loans, everyone wins. The agencies can be more responsive, efficient and better serve the population. We should all want that from our governmental agencies.
- —John0309
Vanessa
- I agree with Joanne. The cost for in state education has increased 500% since I graduated in the late 70's. Some of us have no other option but student loans if we desire an education. My children have obtained loans for their educations that will burden them for years. They'd be happy to have the opportunity to serve their country in a program that may allow them to receive assistance in repayment.
- —Fishflab
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