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 Student Loan 'Forgiveness'?
Ingar 889 posts, incept 2017-02-14
2022-04-30 10:44:53

Years ago I had a dead end job in a state agency based on the qualification of having a political science degree. I spoke on the phone with the local bank holding the note on my student loans which were not insurmountable since the tuition back in the late 60's and early 70's wasn't high. One of the black co-workers had overheard my conversation about repaying the loans. He told me "you're a fool if you repay those loans; you don't have to, none of us (meaning the black employees in the agency) repaid ours". I repaid my loans. But that is how we got to where we are now, too many people didn't repay their student loans and laws were passed prohibiting bankruptcy as an escape.
I'm sure that my alma mater is still handing out political science degrees and a lot of other useless ones as well, but at a greatly increased tuition cost. Although many of the degrees are pretty much self-invalidating as far as qualifying someone for any gainful employment, I like the idea of revoking the degree if loans are forgiven. If someone wishes to pursue a women's studies, fine arts, political science or other kindred degree, there should be no governmentally guaranteed loans for said degrees. And rather than receiving a nice parchment diploma upon graduation with aforesaid degree, the graduate should receive a token of recognition that is of equal value to the degree, maybe a roadkill skunk, possum, or armadillo freeze dried and plaque mounted with the graduate's name in faux gold script beneath the critter.
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