Student loans

Have your say: student debt forgiveness question answered

President Joe Biden visited Delaware State University on October 21 to discuss the federal student debt forgiveness program that would allow up to $20,000 in debt forgiveness for those who are eligible for it. Given that loan forgiveness has featured prominently in other initiatives, such as the Paycheck Protection Program for Businesses during the height of COVID-19, why do you think students should or should not benefit a similar break?

  • You took out a loan, you pay it back. I paid off my ex-wife’s student loans 15 years ago (about $9,000). It took us three years and disciplined finances to make it work. If you are going to cancel a debt, then everyone who has repaid their loans should also get their money back. If that sounds ridiculous to you, then this debt cancellation program should be too. — Matthew Fisher
  • You can actually file a refund request. Facts are critical! — Shakti Yoga Tribe
  • We can’t afford another big outlay of money. Plus, bad people have to pay off irresponsible college debt. You should not borrow more money than you can afford to repay on your own. Choose a reasonable college. — Dorothy Shelton Leslie
  • I hope these students and all students understand that this only applies to students with loans through the Ministry of Education, not bank loans etc. . —Bob Hice
  • I paid off my student loans. That said, I have no problem with it. Look at how many politicians owned small businesses or started parts of their businesses, received Paycheck Protection Program loans, and repaid them. Next, consider how much of taxpayers’ money goes to hog projects. Then look at how borrowers have been tricked into taking out way too expensive degree loans because tuition is out of control. I pay my taxes and would rather see them used to actually help someone than spend them on some “dead end” scheme devised by a politician to flatter the rich in his state. —Dan Fluman
  • So your argument is basically, “We’re wasting taxpayers’ money on other things, so let’s waste it again because this cause will make me feel better.” -Robert Paul
  • No. It is the right thing to do because of a broken system perpetuated by government, banks and universities. —Dan Fluman
  • No, this is not the case. I am not responsible for someone else’s loan that he took out voluntarily. Fix the system first, then we can discuss student loan forgiveness. Otherwise, we will start again in 10-15 years. -Robert Paul
  • Now they will spend it on both. — Gerard Grega Sr.
  • If I’m paying for someone else’s education, I want a percentage of the income they earn from having the degree. Why stop there? Why not forgive mortgages, car loans? Or, heck, let’s forgive all debts. If you’re borrowing money and don’t want to split your paycheck, pay off your own debt. —Diane Butters-Eastburn
  • Stop giving them ideas to buy votes. — Kathi Adronene
  • Whether the transfer of student debt should take place is a matter for Congress alone. We need legislation passed by the representatives of the people. The executive branch cannot do this, under the separation of powers clause. This is why the litigation, which has already succeeded in obtaining an injunction, will ultimately prevail on the merits. Unless and until Congress passes legislation regarding student debt (as they have done for small businesses through the Paycheck Protection Program), this discussion is irrelevant. But if it’s just a vote to see if someone is in favour, count me as a no. And I suggest that the majority will also be no, otherwise various politicians would push this issue through Congress, which would be necessary for it to actually take place. —Chuck Connors