I see the moratorium on paying student loans is extended to Aug 3

[captain queeg]

31. I try to withhold judgement on the idea of forgiving the loans that are out there. When I was in college I could work part time and pay all my bills. By the time I graduated I had to repay $6k I know it’s not like that now. But I also see it being abused.

[Johnny2X2X]

1. $6K is now what you pay for a single semester at a state college

We've failed to fund college for students, so the costs have been only affordable with loans. It's either take loans out or don't go to college for most. And then there are companies administrating the federally guaranteed loans making money off from the interest.

At the very least, get rid of all interest paid both past and future. That could be a good subsidy.

[Evergreen Emerald]

2. As a single mother, I worked my way through college

with the help of no one. The student loans are over 100,000 and I will be working until I die unless I can get relief from the burdensome loans.

It appears that when Government helps rich people and big business (for example the car industry) its all good. But, when assisting families and regular citizens complaints abound.

So you don't want anyone to be helped out from under the massive debt from overcharged education and interest rates? Cause you paid 6,000?

Being abused? Seriously.

[Celerity]

5. I saw on telly that the interest rates on the new loans going forward soon are going to be bonkers

wealth extraction 101

[WhiskeyGrinder]

3. How would it be abused?

[Celerity]

4. they should have pushed it back until after the midterms, imagine come September and October people

start getting smashed with huge payments again (and with inflation still running riot, more than likely)

smdh

[LetMyPeopleVote]

6. Yeah

Link to tweet

[Lars39]

7. Everyone is benefiting from the bump in the economy.

The abuse is a system that makes it so expensive.

[Bettie]

8. When were you in college?

Because at the lowest cost state university here in Iowa, tuition is north of 9,000 a semester.

Community college is over 5,000 a semester.

I owed about 10k when I graduated from college. It was hard to pay that back, but I did, it took a long time and a big chunk out of my small income at the time. But, that was over four years of college.

How does it impact you? Why wouldn't you be happy for people? I don't understand.

[mcar]

9. I read that 40% of student loan debt is for graduate loans

The entire system needs to be revamped, starting with the ridiculous cost of getting a post-secondary education.

That said, wiping out student loan debt does not solve the problem - it just helps a small % of people affected by the problem.

I have an issue with totally forgiving the debt of a surgeon or lawyer. No one forced them to go to graduate school.

No one forced an undergrad to attend a private school.

What does one say to the retail or blue-collar worker who didn't go to college because they couldn't afford it?

Reform the system, don't paper over the problems.