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Not weird at all
(lemmy.world)
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this post was submitted on 02 Sep 2024
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I paid back my student loans. I also paid over twice the amount I borrowed due to interest. I don't think we should be cancelling student loans, I think we need to be cancelling interest on student loans. The ~~government~~ tax payers should not be making profit on student borrowing.
Who is the primary beneficiary of an educated workforce?
Businesses.
Perhaps they should be paying for it instead of just reaping the profits? Through business taxes.
ftfy
Considering how much more expensive tuition is, I'm OK with them Cancelling the whole loan.
The loans allowed colleges to raise tuitions by astronomical levels. The answer is regulate their pricing and the cancel.
If the loans were cancelled, it just means the borriwer doesn't get to act upon the loan and get back his money - no taxpayer money needed.
Are the loans not privately Held? Cause the government cancelling loans held by companies would be unreasonable seasure, and require reimbursement.
Some are, some are not.
Loans should be cancelled and college tuition should be covered by taxes, as well as trade school and certain tools they need in trades to an equivalent value of a college education.