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By a 6-3 majority, Supreme Court strikes down Biden's student loan debt relief plan
(www.supremecourt.gov)
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this post was submitted on 30 Jun 2023
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Politics
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It's quite okay to bail out corporations all day long (2008/2009 great recession, 2020 pandemic) to the tune of billions and billions of dollars, but don't even think of helping normal people. Ever.
This just proves it's VERY important to vote and allowing someone like Trump to have 3 court picks has clearly been disastrous in many decisions made by this court.
I paid for my loans - why should we forgive the loans for what is already the most entitled generation ever? They took out the loans - they can pay them. Otherwise where does it stop? Are they going to forgive mortgages and car loans next? Why not? It's the same principle.
This is an incredibly selfish perspective. We're talking about education, not a mortgage, although everyone should have the ability to house themselves.
A nation should want an educated population, so higher education should be made easier to achieve, not harder to achieve. That's why most developed nations have affordable universities or free/cheap public education.
Young people were pushed constantly to get higher education by any means necessary or they were told they would ruin their futures. This means that kids as young as 18 and 19 were signing their life away and going into massive amounts of debt because they felt they had no other choice. Combined with the predatory loan and for profit university practices of loaning as much as they can and charging whatever loan companies would give, it quickly spirals into screw-a-generation territory.
Just because you managed to pay off your loans doesn't make it feasible for everyone else, and they don't deserve to have a tough life because of predatory higher education costs and decisions they made right out of highschool.