system
Given the following post, respond as if you're commenting on Reddit:
human
CMV: Student loan “forgiveness” is unfair and unjust; people who take out loans should pay them back themselves.

It seems there is a push to forgive student loan debts by democratic candidates like Bernie Sanders, Elizabeth Warren, Pete Buttigieg, and Kamala Harris. I completely disagree with that. It is unfair, unjust, lacks accountability, lacks integrity, and places the burden of the irresponsible on the backs of all.

I’d like to provide three personal examples of students taking loans, then I’ll go into into the matter itself.


I went to a state school where tuition was 12k a year. After using scholarship money for tuition, books, rent, food, I had to take out loans I had the choice to work, but I took out loans, instead. I chose the hardest major there is, graduated with 20K in debt, and landed a job with excellent pay nearly ~70k (I also own shares in a business that brings it up, but that’s besides the point).


My best friend went to the same school, had a little less scholarship money, and he worked throughout school and graduated with $0 in debt and landed a job making ~60k. (He also owns shares in the business we co-run.)


I have another friend who had nearly the same amount of scholarship funding as I did, but she decided to go a private school with a tuition of $30k a year. She will certainly graduate with  ~100k in debt. Given her major, she won’t break 40k. To make matters worse, she rents rather than living at home which is only 15minutes away; and she will graduate this December as a 5th year senior.


If the government forgives her loan, it will be as if she suffers no consequence of her choices and actions,  but rather, it is my best friend and I who will pay for her choices and actions. How is that fair?


Do we really want to live in a society where people can take out loans without having to pay them? The lender suffers, honest people suffer, and the irresponsible profit. This is completely unjust. (Loans should be based on major choice. The higher the salary for that major, the higher the loan amount.)


There are thousands of students out there who take the risk and “invest” in themselves. But when they graduate, they loathe the idea of giving back what they borrowed. That sort of behavior should not be rewarded at the expense of the students who are honest, the lender, and the American tax payer.


There are many people out there who want people to be given a free pass on loans and I’m sure they have their ideas, so please, change my view!
gpt
Student debt is a burden on the economy. Not only do people in debt obviously spend less money, but they also have fucked up credit so they can't even get certain jobs (no matter how qualified they are, and most majors are pretty much bs anyway), can't build wealth through homeownership, etc. 

This many people should not be in college and the government enabled this huge mistake by instituting FAFSA. Government loans drove up the cost of education because it's guaranteed money for the schools. So we've had a system for like at least 25, maybe 35 years where the prevailing logic has been that in order to be successful, you need a 4-year degree. This completely illogical and incorrect mindset made the demand for these schools skyrocket, and in order to make sure as many people could afford to go to college as possible, the government just kept accepting that universities would increase tuition.. This is a pretty noble goal until you realize that the system of guaranteeing money, for what have basically become research corporations, is fucking stupid. 

We have a whole generation and more in more debt to the government than has ever existed in history. Maybe outright forgiveness isn't the move and some of the money needs to be paid back, but we all just need to accept that the FAFSA system needs to go and as a result the people who already harmed themselves with it need to be made right by the government that has been screwing them over.