👍 Yes (46%) – "The amount of people in debt who are struggling to pay it off (especially with the interest rates) should not be as high as it is. Even forgiving $10,000 per person will be massively beneficial to a lot of people, and for many people, it will pay off their loans entirely."
"I always hear the argument of how much this will cost. $400 billion over the next ten years? The government collects $5 TRILLION a year in income taxes. We see very little public benefits for living in the richest country in the world. The US government should have never been involved in the loan business in the first place. They have single handily inflated the cost of education and now they are paying for it. This is a drop in the bucket for them anyways."
👎 No (42%) – "Anyone who chooses to take on debt has the responsibility to pay it back, that’s taught in Life 101. Choosing to take on debt for higher education, which should be preparing one to earn sufficient money to meet and exceed personal responsibilities, is certainly not a choice of necessity. There are the options of choosing a more affordable school, waiting and working to save enough, and working while you’re in school to pay as you go. If there’s a group that you should forgive debt, this isn’t the one."
"A debt is an obligation made by adults. It is a contract. It is a choice. Our collective tax dollars should not be used to forgive these obligations. Where does it end? What about my mortgage or auto loan? Educational choice is no different than any other choice. If I can't afford to pay back a debt I should not sign the loan obligation. Also, what about my loans paid many years ago or the more recent school loans that my children took (and paid off)?"
🤷 Unsure/other (12%) – "I think it's partially a good idea, but the $125,000 threshold is too high. My partner and I paid off our loans making less than $40,000 per year."
"We should be canceling ALL student loan debt, not just some, based on certain parameters. If we want people to attend college, we have to make tuition free. At this point it is too cost-prohibitive for all but the most elite."
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