During the COVID-19 pandemic, the Biden administration paused repayment on student loan balances owed to the federal government and attempted to cancel up to $10,000 of student debt for lower-income borrowers. Lawsuits were filed, and the Supreme Court is now considering the issue. Federal loan forgiveness has occurred in other arenas, such as business. NPR reported in January that data from the Small Business Administration shows that 92% of COVID-19 small-business Paycheck Protection Program loans have been granted full or partial forgiveness, even to businesses owned by wealthy celebrities. How should we proceed on the concept of forgiving debt?
- The Supreme Court is hearing the student loan forgiveness situation as recommended by Biden. Why should people pay for a loan for other people that agreed to take out the loan for their benefit? Why should people that chose not to go to college pay for those that did? Did these folks serve in the military and earn an education? This is aimed at 18- to 34-year-olds to buy their vote, pure and simple. — Andy Andrew
- This is government overreach. If someone takes out a loan, then they must repay the loan. Their loan is not my responsibility. — Chuck Holliday
- Forgiving individual debt only increases the national debt. The government is living outside the people’s means. — Dave Johnson
- Student loans are money given out on a temporary basis. The intent, originally, was to have the money returned and reinstalled in the national budget. “Forgiving” those loans hits the nation twice. Once in money given out and, secondly, in money not returned but already in the budget (well, if we had one). — Dennis Mehrenberg
- What about the car payment or mortgage? Why a student’s debt? Only one reason: It’s the liberals’ agenda. — Bob Hice