Klung on whether or not the forgivestudentdebt movement has a rational argument. I am sure there are a lot of people out there that are not only going to disagree with my opinion regarding forgiving student loan debt, but will probably hate me. All I can say is much like the debt you have accrued…deal with it.
Submit Degrees are not worth it. Dramatic shift in technology. The job market is becoming more competitive, Saturated, And scarce.
Technology is also making a dramatic shift in the way business are ran today. Most products are being mass produced for as little money as possible.
People are spending more than they are making in the U. Wages are stagnant in the U. Inflation has dramatically been increasing. Student defaults and increased interest rates on these loans are increasing.
All these situations have put a huge burden on the circulation of spending for these students. Without this circulation of money other goods and services will suffer creating a huge "Domino Effect".
When students can barely afford food and the cost of living. How can they spend money on goods and services? The money is not being circulated but hoarded by big corporations because of old ideological mindset of trickle down economics. The economy is suffering and a huge bubble is coming in my opinion.
It's near impossible to pay these loans back.
Most students are already struggling with the basic costs of living. Many of my colleagues have moved back in with there parents and some of them have kids barely making 20 to 28k a year.
Since most jobs are becoming automated and technologically advanced to be more efficient every year. The more we will see a shift in jobs being taken over by A. So, Some of these so called degrees may not even be around in 10 to 20 years because of technology. These degrees are not worth what students pay for.
Students wanted an education to get a good paying job but when corporations find a faster and efficient way they will do it because bottom line it's about how much money they can make. This is not about entitlement this is not about whether a student is responsible or not.
Its about a dramatic shift in the way business are moving towards technology and they want faster and more efficient ways of making a buck. Technology is replacing these jobs and It's no wonder the younger generation is having such a hard time.
So how can a student pay back a loan when they can't? There is no money to give! These students are poor and can't find decent paying jobs! So once again, It's not about entitlement or being responsible its simply because they know it's not worth what they went to school for and it feels like they just got scammed.
These loans are just a form of oppression by big money. All students wanted to do was get a good paying job and contribute to society as a whole. They shouldn't be punished or ridiculed for that.The average monthly student loan payment is something like $, and there are about million Americans with student loan debt.
If all of this debt was forgiven, that would mean that million people would suddenly have $ more dollars to spend each and every month. A $, loan costs this borrower the same as a $65, loan. Either way, monthly payments would be identical for 20 years, and then all remaining debt is forgiven.
Should Student Loan Debt Be Forgiven? Most Americans would agree that higher education is important. Compared to years ago, when a high school education was acceptable in most jobs, a college degree is now required in the majority of positions.
Should Student Loan Debt Be Forgiven? Essay. Most Americans would agree that higher education is important - Should Student Loan Debt Be Forgiven?Essay introduction.
Compared to years ago, when a high school education was acceptable in most jobs, a college degree is . Home» Secret Ways To Get Student Loan Forgiveness. Secret Ways To Get Student Loan Forgiveness. We recommend The Student Loan Planner to help you put together a solid financial plan for your student loan debt.
What if you're had a huge amount of student loan debt forgiven and your tax bill is enormous? This is a big concern of some. Got student loans? We’ve got you covered with our Student Loan Smarts blog series. Our expert tips and hacks will help you save money, pay off loans sooner and stress less about student loan debt.