Recently, a reader said he opposed the cancellation of the $10,000 student loan on the grounds that those who owed had “sacrificed little”. He said when he ran out of money in college, he took a year off to work until he could afford to come back.
I noticed he could afford to go back to college after a year and had afforded himself off-campus housing with a part-time job. That doesn’t sound like a lot of sacrifice. It seems that he benefited from a system that allowed him to succeed with little effort.
He must be older because he clearly knows nothing about the cost of college tuition today, when many students cannot afford “cheap” accommodation, even working full time. . Who is he to say that these students did not sacrifice? The $10,000 will barely reduce most student debt.
I’m lucky (and old enough) that I went to college when it was still affordable for average families. My parents’ modest income allowed me to pay for my tuition at OSU, and with two part-time jobs, I was able to pay for my own living expenses in inexpensive accommodation.
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For today’s students, it’s not that easy, and it hasn’t been for some time. Because an educated society benefits everyone except those who profit from society’s ignorance, it is in our interest to facilitate education.
No, I will not directly benefit from the cancellation of student loans, but we will all indirectly benefit from a more educated society. I would much rather pay to forgive student loans than the millions of Paycheck Protection Plan loans my lawmakers had forgiven.
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