this post was submitted on 16 May 2025
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You're missing the part where, because of federal interest in schooling loans (because the government wants a well-educated population, typically), you have a captive market with colluding loan companies that abuse said federal interest to jack up education prices and interest rates. In other words, you don't have an option but to accept the 'terms' of the predatory loans unless you don't go to college.... except the federal government wants you to go to college.
So student loan forgiveness is basically the federal government yanking the collusion back and going "no, they pay off the loan and a REASONABLE AMOUNT OF DEBT, and the rest of the absurdity you're trying to shovel gets canceled because it should have never been tried in the first place."
And then conservatives whine and cry about their tax money going to 'paying off student loans" because conservatives are idiots that can't comprehend why a rich person would lie to them.
Your education has nothing to do with societal expectations, political parties, or the evils of capitalism. You made a choice, gave your word, and entered into an agreement. Honor your agreement.
The point is that you DIDN'T make a choice, because you were colluded against. Why so much focus on honoring your agreement, when they aren't honoring their agreements?