Majority of the people in the United States today have debts from their college education. The ridiculous amount of college tuition has put many Americans into a tough situation. Politicians and public figures have urged the youth of America to pursue a college education. However, private and public universities continue to inflate their college tuitions giving students no choice but to pay up for a “brighter” future. This continuous trend has buried newly grads with an uncontrollable debt. Although forgiving student loans provide troubled graduates the ability to get back on their feet, the forgiveness of student loans do not provide a cumulative benefit for the entire nation economically, therefore the student loans should not be forgiven. First of all, Justin Wolfer’s “Forgive Student Loans? Worst Idea Ever” Wolfer highlights the
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Heaton sees the forgiveness of student debt as “someone else [paying] your debt instead of you” (Heaton 5). Heaton highlights the fact that student loan debts are paid one way or another. Therefore, the forgiveness of student loans is just a transfer to a taxpayer like himself paying the debts of a graduate with bad judgment on their financial abilities. Heaton understands the nature of a person in debt due to the fact that he is in poverty. Heaton understands that “the combined student debt of our nation’s college graduates is massive, sad, and oppressive” (Heaton 12). However, Heaton wants the nation to also understand that “forgiveness of debt punishes someone else” (Heaton 12). Therefore, the forgiveness of student loan act should not be approved due to the fact that it does not completely wipe the nation from debt. Instead, taxpayers have to pay a percentage of their income to graduates who made poor decisions in
Heaton sees the forgiveness of student debt as “someone else [paying] your debt instead of you” (Heaton 5). Heaton highlights the fact that student loan debts are paid one way or another. Therefore, the forgiveness of student loans is just a transfer to a taxpayer like himself paying the debts of a graduate with bad judgment on their financial abilities. Heaton understands the nature of a person in debt due to the fact that he is in poverty. Heaton understands that “the combined student debt of our nation’s college graduates is massive, sad, and oppressive” (Heaton 12). However, Heaton wants the nation to also understand that “forgiveness of debt punishes someone else” (Heaton 12). Therefore, the forgiveness of student loan act should not be approved due to the fact that it does not completely wipe the nation from debt. Instead, taxpayers have to pay a percentage of their income to graduates who made poor decisions in