ST Alpha - "Forgiving student loan debt is a bandaid if you don't address the real problem of the insane costs" (Reading a Post)

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Forgiving student loan debt is a bandaid if you don't address the real problem of the insane costs

Posted by Reagen Aug 3 '21, 09:54

There's basically no talk of it in Canada, because post-secondary education costs like a tenth of what it does in the States. It'll just cycle again and escalate unless the bigger problem is solved.

Responses:

Also missing from the discussion is that not all student debt is the same. -- nm - znufrii Aug 3, 10:23 5
- My grandfather-in-law paid for multiple Navajo kids to go to college in exchange for them weaving traditional rugs for him. -- nm - Max Aug 3, 10:29 1
  - pegleg? -- nm - Beaker Aug 3, 10:47
- Correct. Federal loans aren't generally going to the wealthy. Private debt is a harder but, but there are ways to make it - TWuG Aug 3, 10:26
- Excellent point. I think my debt was at 3.75% which in the mid-90s was like free money. Predatory lending can get bent. -- nm - rollo Aug 3, 10:25 1
  - Predatory lending, for-profit education, excessive institutional spending driving up costs to compete for students and the federal aid money that comes with… -- (edited) - znufrii Aug 3, 10:28
The chatter has been increasing though. Costs are slowly but surely getting harder to manage. Not as extreme as US. Give it time. -- nm - VMan Aug 3, 10:15
100%. -- nm - Strongbad Aug 3, 10:09
this is the TL;DR of what i said below :) -- nm - chicken daddy Aug 3, 09:55

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Forgiving student loan debt is a bandaid if you don't address the real problem of the insane costs

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