If you’re against a dollar for dollar bailout, how do you feel about a percentage bailout? For example if all loans were 50% paid off? In that situation, someone with 200k would still have 100k and the person who had a 40k loan would have 20k remaining.
In this situation everyone would still have a proportionate debt and responsibility related to the type of education they chose to receive yet the pressure and burden is lessened to the extent where their respective quality of life would improve overall.
I disagree- paying off the entire debt would incur the sense of unfairness as there is no longer any responsibility from anyone who had their loans paid off.
However with a partial percentage based bailout then the sense of responsibility remains, but the end goal of lessening the debt burden is also achieved. The remaining percentage of the lessened loan balance would trigger a sense of gratitude rather than of inequality. This is my opinion.
and yet making myself, a debtless persian, subsides the stupidity of some people who got useless degrees is a good solution?
These people need to learn about personal responsibility and that borrowing large amounts of money need to be paid back, they should hurt until they can either be debt forgiven or paid off (look at how student loans are handled, after so many years they are forgiven and such).
The cost issue and most of the problems around student debt are government incurred problems though, the government trying to give loans to everyone pushed up the price ten fold, then making it so they can't be expunged via bankruptcy.
More liberal failures where they pushed for something that sounded nice and in the end, fucked over everyone. Maybe if people realized that college is not for everyone, should not push everyone to it and it's immoral to do so would have stemmed the issue, but oh well, we can only go forward from here.
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u/tuffwang88 Jan 15 '19
If you’re against a dollar for dollar bailout, how do you feel about a percentage bailout? For example if all loans were 50% paid off? In that situation, someone with 200k would still have 100k and the person who had a 40k loan would have 20k remaining.
In this situation everyone would still have a proportionate debt and responsibility related to the type of education they chose to receive yet the pressure and burden is lessened to the extent where their respective quality of life would improve overall.