Posted on 08/02/2023 9:50:55 PM PDT by backpacker_c
Gov. Ron DeSantis of Florida doesn't support broad student-loan forgiveness. But he does think bankruptcy should be an option for borrowers who cannot afford to pay off their debt.
"It's wrong to say that a truck driver should have to pay off the debt of somebody who got a degree in gender studies. This is not the taxpayers that should have to do that," he added. "At the same time, I have sympathy for some of these students because I think they were sold a bill of goods. I think these universities knew that they could take all this federal loan money.
DeSantis said that a solution to that problem would be holding colleges financially accountable if students were unable to pay off a "successful" degree. He added that he thought "student loans should be dischargeable in bankruptcy."
(Excerpt) Read more at news.yahoo.com ...
Leaving the fed government, i.e. the tax payer, to foot the unpaid debt...
Where have I heard that before?
These the re-booted campaign think they can repeat the boost biden got when he announced he wants to forgive student loans?
Ron, don’t be stupid.
I agree with Desantis. Bankruptcy discharge should only be allowed 10 or 12 years after leaving school.
Trump suspended student loan payments in March of 2020, as well as interest accumulations.
This is about the first smart thing that DeSantis has said since he announced.
No conservative should be defending the inflated costs of college, the bogus claims on the worth of so many useless college degress, and the hard sell lending tactics.
My dissident right way to deal with college debt is to seize most of the endowments of the liberal universities, and use that.
Also require them to hold the debt of their graduates as their remaining endowments.
Indeed, the cost of college is ridiculous, much of it to feed the bloat in non-teaching administration, much of which is in the realm of DEI kommissars.
Another issue that I was surprised to see PA's Democrat governor address is the fact that so many jobs these days require college degrees that aren't really necessary to do the job. You need a degree to be a doctor, a lawyer, an engineer. You don't really need a college degree for a great many other desk jobs.
Awww, the pandering has begun.
Forget it Ron, unless Trump ends up in a box you have no chance.
The solution’s so simple, make the universities pay ALL of the student loans off that were soaked up by them in the first place, the pony tailed bastards should pay it ALL back.
Many universities throughout the country have endowments in the tens of billions of dollars. Let them foot the bill.
If this is the path, then the gov’t needs to remove itself from the ‘business’ and loaning out money to college-gimmicks needs to stop entirely.
Same March 2020 that the schools suspended school.
I knew it was heard somewhere before-just not before the global shutdown-that same March 2020-as well as the not to be overlooked interest payments while ignoring global shutdown.
Yes. It is a degree inflation where they just use, say an undergrad degree as a screen, even if absolutely not needed.
And a Masters, when an bachelors would be sufficient.
I agree with him, why should studen loans be immune from bankruptcy when every other sort of loan isn’t? It distorts the markets and schools feel free to raise, raise, raise tuitions knowing that their debt slaves will pay it regardless of anything.
On March 20, 2020, my Administration took action to provide immediate relief to tens of millions of student loan borrowers during the pandemic caused by COVID-19 by both suspending loan payments and temporarily setting interest rates to 0 percent
Many things would be priced very differently if they had to be priced according to what the average person could afford to pay out of pocket. Third-party money, in the form of loans and grants, has driven college tuition sky high because the colleges no longer had to respond to actual demand. It created artificially inflated demand, and prices followed. Very similar to how easy money collapsed the housing market, and nearly the entire financial system along with it a few years ago.
If the practice of loaning and borrowing money were severely restricted, then it would benefit our economy tremendously in the long run, though with a difficult adjustment period to get there.
Suspending isn’t the same as dumping it entirely, which both your boy and biden want to do, apparently.
You’re using the same tactics the romneybots in 2012 did every time we pointed this kinda crap out.
NO!
They pay it back like they agreed to.
Read my lips, Ron.....No, just...NO.
Pandering to useless sectors of society only works for Democrats, for one thing.
Strawman Argument!
No true conservative ever defended the inflated cost of useless college degrees, etc.
Rather, conservatives have always maintained: "Those degrees are worthless - but if you want to assume debt in order to acquire those degrees, then you will be morally and legally required to repay them!"
Regards,
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