The Community Speaks: Student Loan Forgiveness
BattlePACs Community thoughts on the Student Loan Forgiveness Issue
Since the Student Loan Debt Forgiveness issue is in the news again this week with the Biden admin just announcing the resumption of debt repayments from August, here’s a recap of the top community contributions on this issue so far.
What Happened?
The Biden administration announced a one-time student loan forgiveness program that would cancel up to $20,000 of federal student debt for millions of low- and middle-income borrowers who earned less than $125,000 in either 2020 or 2021.
The program also extended a pause on monthly student loan payments until June 30, 2023. The pause affects some 43 million borrowers who owe about $1.6 trillion in federal student loans.
The Federal debt ceiling deal being voted upon now brings an end to this pause on student loan payments. However, there are still many democrats and independents calling for the cancelation promise to be fulfilled.
What the Community Thinks
The majority of submissions on this topic argue in favor of student loan debt forgiveness. This is pretty unsurprising really as students can draw on personal experience of how challenging it is to study today.
The top submissions:
@tiny.tam shared this video on TikTok arguing for debt forgiveness drawing on an economic argument that doing so will support the economy:
@nothanks4246 posted a great video on TikTok in favor of forgiveness drawing on his personal experience and concepts of fairness:
@randomnumberz10060 shared this video on TikTok arguing against forgiveness and for personal responsibility:
lolitaloteria shared this well-reasoned argument in favor of forgiveness as an act of christian charity and kindness by giving people a second chance:
kayden_payne42 submitted a thoughtful comment:
“The government should offer student loan debt forgiveness because college should be a free level of education. You should have the option past high school to either go into the work force or pursue an education that sharpens a particular skill set. Public universities should be a public service that is paid for by taxes. And if we aren't going to do that, then the least we can do is bring people out of the crippling debt that they are in, just so that they can make more money and pay more taxes. It is an unfair and unjust way of doing things and loan forgiveness is the least the government can do.”
Paylin.rain also commented as follows:
“I believe that the government should offer student loan forgiveness because student want to further their education’s, however, college is not affordable for most people. If they offer student loan forgiveness’s it would help the income for a lot of families grow because they wouldn’t have to take money out of their paychecks to pay their loan back, but instead make purchases based off their household now.“
Have Your Say And Win!
Can you make a better case for why or why not the government should forgive student loan debt?
Prompt Response Requirements
(Remember to quote the question at the start so people know the context by saying, "this is my BattlePACs submission for the prompt of …")
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Whatever your opinion, your voice matters!
All the best from Prerit, Aaron, Irina, and everyone here at BattlePACs!