On: Apply for student loan debt forgiveness

[krapp]

> Blanket forgiveness would encourage bad actors from offering useless degrees at high cost imo

Do you think that isn't already happening?

[sigzero → krapp]

Sure, but now we are subsidizing it.

[inferiorhuman → sigzero]

Subsidizing tuition is nothing new, loans and grants have been around for decades and yeah those (especially the private loans) drove up tuition mercilessly. Neither side should be ignored here – just because there are structural problems does not mean that we should shy away from lifting the sceptre of debt. We need to address both problems.

[krapp → sigzero]

We're subsidizing relief from it. Loan debt and interest are what subsidize the bad actors.

[jrs235 → krapp]

Guaranteeing the loans is what subsidizes it. If the institutions had their own skin in the game they might act differently.