DavHamm’s position is completely valid. I have one in college and another starting in the fall. Some parents are making huge sacrifices to pay for the university education for their children and avoid student debt. When debt is relieved, particularly IF it is being relieved by tax payers (based on various POTUS candidates positions) then it becomes unfair to those whose make such sacrifices. And don’t assume those with debt are from families who couldn’t afford to pay. These loans are given out like candy at Halloween.
Yes, this is a private donation and he can do whatever he chooses with his money. That doesn’t mean it’s fair and equitable to all who are graduating and to their families.
I am truly torn at the moment about whether or not I should let my kids load up on student debt even though we’ve been saving in 529 plans since they were born. If it’ll be relieved, why not? Why should debt relief only apply to those who didn’t plan and sacrifice?
You know - so many in our country applaud the paid-for university systems in other countries and the myriad social programs. One big difference is that these programs are generally available to everyone.
In this case, this is only available to debt-laden students. What about the kid who took 6 yrs to graduate, loaded up on debt to get a liberal arts degree and didn’t work compared to the kid whose parents took a second mortgage and their kid worked throughout for four years and graduated with an engineering degree with no debt. You don’t see any difference?
It’s a very generous offer this man has made. IF I ever find myself in a similar situation financially I’d do it differently.
Yes, this is a private donation and he can do whatever he chooses with his money. That doesn’t mean it’s fair and equitable to all who are graduating and to their families.
I am truly torn at the moment about whether or not I should let my kids load up on student debt even though we’ve been saving in 529 plans since they were born. If it’ll be relieved, why not? Why should debt relief only apply to those who didn’t plan and sacrifice?
You know - so many in our country applaud the paid-for university systems in other countries and the myriad social programs. One big difference is that these programs are generally available to everyone.
In this case, this is only available to debt-laden students. What about the kid who took 6 yrs to graduate, loaded up on debt to get a liberal arts degree and didn’t work compared to the kid whose parents took a second mortgage and their kid worked throughout for four years and graduated with an engineering degree with no debt. You don’t see any difference?
It’s a very generous offer this man has made. IF I ever find myself in a similar situation financially I’d do it differently.