Do you think that student debt should be forgiven as a way to stimulate the economy?

July 23rd, 2009 | by admin |

Ive been doing a lot of student loan research and apparently there is a new movement of people trying to get their student debt wiped away, so that their money can be freed up to be spent, thus stimulating the economy. How do you feel about it?

I’m personally against it.

  1. 4 Responses to “Do you think that student debt should be forgiven as a way to stimulate the economy?”

  2. By George on Jul 24, 2009 | Reply

    I oppose this. I had to pay mine back. Why should such a select group receive money. These are college educated people who should have good jobs.

  3. By Superman on Jul 27, 2009 | Reply

    what is wrong wit u? noooo way..they hould no better. go back to da zoo you come from.

  4. By Steve D on Jul 27, 2009 | Reply

    That student debt would have to be wiped off the books of the banks, resulting in a loss – with the same effect as the mortgage bubble – a restriction of credit going forward and a reluctance on the part of banks to lend to the next generation.

    Also, the value of a college education greatly exceeds, in most cases, the value of the loans being paid off – thus you would have people double dipping – taking advantage of the loan program to increase the value of their human resources and then taking advantage of a short-term, and probably ineffective, program to wipe out a debt.

    You could stimulate the economy more by wiping out mortgage debt or giving cars away (I would think that free cars would stimulate the auto economy), but I certainly don’t see anyone advocating that.

  5. By Maggie on Jul 30, 2009 | Reply

    This group is hardly going to get the economy going if it’s student loan debt is released!

    So no, the only road to recovery is to get the construction industry going again with so much money tied up in the housing market and the UK’s largest employer (10% of the working population) and biggest client (60% of the total UK spend o construction) losing jobs hand over fist, that’s the best bet for reviving the economy.

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