Former U.S. Sen. Judd Gregg (R-N.H.) and former U.S. Sen. Heidi Heitkamp (D-N.D.) join CNBC’s ‘Squawk Box’ to discuss the Biden administration’s plan to cancel more student loan debt and whether it’s a good idea or an additional tax burden. For access to live and exclusive video from CNBC subscribe to CNBC PRO: https://cnb.cx/2NGeIvi
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Many of us were paying over 8%. We had no choice if we wanted to go to school it’s praying on students, and it’s a scam.
Here in Europe, college is largely free since this society has made a decision it's in the best interests of the society to have more educated people. They are right. One reason that the US is losing the battle against China is that we have shackled an entire generation of ungodly debt. College should be free – not to help individuals, but rather so that our society is better prepared to go toe to toe with China, since they subsidize it. We want more educated people – not less. In the business world, we call this a 'stay in business' investment. However, some people are just concerned with themselves – and not the society as a whole.
Taxpayers will suffer as usual
So are they going to pay my mortgage just because home prices have gone up dramatically? It was a choice to go to college, and now others should be burdened by your choice?
Get rid of the fees, interest, penalties and most of all. Get rid of the student loan servicing industry. The student loan servicing industry contributes nothing to economic growth. It's probably the biggest parasite on the American economy that exists.
honor system. problem solved
Both of my kids are in college right now and working hard to pay there way without taking any loan. They should get a 10k for each check if the 10k debt are forgiven. This is only fair!
I worked full time and lived in my car and paid off all my student debt. I’m totally for eliminating student debt so that nobody else needs to do that crsp
Judd is right. Make him Secretary of Education now.
Give the loan forgiveness as a Tax credit. When they get a job that pays taxes they get a tax credit to pay their student loan. That way it is an incentive to get a job. Just paying their loan will stimulate the economy and add to inflation.
Funny. Hardworking people will have to pay the bills of frat students.
How about everyone pays for themselves. You know, like an adult.
Liberalism is a mental disease.