My Opinion on Student Loan Forgiveness
Start writing a post
Politics and Activism

I Am Against Student Loan Debt Forgiveness

I am against the cancellation of Student Loan Debt.

I Am Against Student Loan Debt Forgiveness

Why I - a college student - am AGAINST canceling all Student Loan Debt.

There has been a lot of talk recently surrounding the issue of Student Loan Debt. Democratic candidates like Elizabeth Warren and Bernie Sanders have all pledged to eliminate all Federal Student Loan Debt. As of now that amount - according to a February article written by Forbes magazine - sits at an astonishing $1.5 Trillion Dollars. I personally believe forgiving this debt is a terrible idea and let me tell you why.

Yes, I am a college student and do not believe that Student Loan Debt should be forgiven. More so, I believe that the Federal Government should not be paying off all Student Loan Debt. I believe this way because as a conservative I believe that the role of government is supposed to be small; and, should the Government suddenly declare all loans forgiven the size of the government would expand exponentially.

Additionally, my opinion on student loan forgiveness comes from the financial side of things. Currently - as I mentioned above - the current figure for student loan debt sits at $1.5 Trillion Dollars. If the Federal Government were to eliminate Student Loan Debt, the money needed to pay off all current debt would come from the American taxpayer: mind you the same taxpayer base where "68% of Americans - according to the most recent census data - do not have a college degree." I apologize I could not find a link to the actual census I instead found an article that quoted the census. I do not want the average working-class American to pay any more in taxes than they already do and eliminating student loan debt would do just that.

Finally, my opinion comes from my love for my parents. Now before I continue let me set the record straight, I believe that the STUDENTS, not the PARENTS should pay off loan debt after they graduate. Parents have worked hard their entire life and students have not. I am not saying what I say as a slight towards lower-income families. My parents have already saved nickel and dime for both me and my younger brother to attend a 4-year university. I do not believe that they should be punished for another student's financial troubles and pay the debt that the students themselves cannot repay. Additionally, my parents have saved up for themselves so that they can enjoy retirement. Why should they be forced to spend their money on other people's education when they had to sacrifice so much to get my brother and I through college and have worked extremely hard their entire lives to save enough money towards retirement?

So how do I propose we fix this? I believe that instead of the Federal Government becoming more involved in the loan process it instead takes itself out of the loan process. If the Government pulled out, students would not be able to afford the EXORBITANT prices and fees that come with a college education and therefore wouldn't attend a university right away. When colleges begin to see their numbers - and consequently their profits - decrease, they will be forced to lower the cost of education to a level where families and students can afford. This kills two birds with one stone: eliminating the POSSIBILITY for students to acquire student loan debt as well as the increasing cost of attending a four-year college/university.

Report this Content
This article has not been reviewed by Odyssey HQ and solely reflects the ideas and opinions of the creator.
the beatles
Wikipedia Commons

For as long as I can remember, I have been listening to The Beatles. Every year, my mom would appropriately blast “Birthday” on anyone’s birthday. I knew all of the words to “Back In The U.S.S.R” by the time I was 5 (Even though I had no idea what or where the U.S.S.R was). I grew up with John, Paul, George, and Ringo instead Justin, JC, Joey, Chris and Lance (I had to google N*SYNC to remember their names). The highlight of my short life was Paul McCartney in concert twice. I’m not someone to “fangirl” but those days I fangirled hard. The music of The Beatles has gotten me through everything. Their songs have brought me more joy, peace, and comfort. I can listen to them in any situation and find what I need. Here are the best lyrics from The Beatles for every and any occasion.

Keep Reading...Show less
Being Invisible The Best Super Power

The best superpower ever? Being invisible of course. Imagine just being able to go from seen to unseen on a dime. Who wouldn't want to have the opportunity to be invisible? Superman and Batman have nothing on being invisible with their superhero abilities. Here are some things that you could do while being invisible, because being invisible can benefit your social life too.

Keep Reading...Show less

19 Lessons I'll Never Forget from Growing Up In a Small Town

There have been many lessons learned.

houses under green sky
Photo by Alev Takil on Unsplash

Small towns certainly have their pros and cons. Many people who grow up in small towns find themselves counting the days until they get to escape their roots and plant new ones in bigger, "better" places. And that's fine. I'd be lying if I said I hadn't thought those same thoughts before too. We all have, but they say it's important to remember where you came from. When I think about where I come from, I can't help having an overwhelming feeling of gratitude for my roots. Being from a small town has taught me so many important lessons that I will carry with me for the rest of my life.

Keep Reading...Show less
​a woman sitting at a table having a coffee

I can't say "thank you" enough to express how grateful I am for you coming into my life. You have made such a huge impact on my life. I would not be the person I am today without you and I know that you will keep inspiring me to become an even better version of myself.

Keep Reading...Show less
Student Life

Waitlisted for a College Class? Here's What to Do!

Dealing with the inevitable realities of college life.

college students waiting in a long line in the hallway

Course registration at college can be a big hassle and is almost never talked about. Classes you want to take fill up before you get a chance to register. You might change your mind about a class you want to take and must struggle to find another class to fit in the same time period. You also have to make sure no classes clash by time. Like I said, it's a big hassle.

This semester, I was waitlisted for two classes. Most people in this situation, especially first years, freak out because they don't know what to do. Here is what you should do when this happens.

Keep Reading...Show less

Subscribe to Our Newsletter

Facebook Comments