Should the government forgive up to $20,000 of student loan debt?
Jagmeet Singh, leader of the NPD party, proposes forgiving up to $20,000 of student loan debt and doubling student grants, as well as giving new graduates a five-year grace period for federal loan payments. This is based on the fact that, according to studies, in recent years, numerous students have been unable to repay their academic loans.
@ISIDEWITH3yrs3Y
Yes
The longer students are enthralled with student debt the less time they will have to think about other purchases (i.e. House, further education).
@9F9VG3G7mos7MO
This means that children will not reach a better education leaving them in lower jobs an dlowering the economy or forcing companies to lower their education level requirement and instead teach the employee everything they need for the job.
@9FJVZMX6mos6MO
he 1.5 trillion dollar student loan crisis is completely changing the landscape of our nation, both figuratively and literally. According to a survey in Business Insider, 13% of those with student loans have put off starting a family because of their debt burden.
@ISIDEWITH3yrs3Y
No
@9FFK4W46mos6MO
There is a surge on the number of secondary school recent years. And student’s number increased dramatically. But the rate of getting a job after university is really not high. Secondary school is just a business model and you do not want to encourage business model, especially when it is already very profiting
@9FF5V676mos6MO
Student loan debt can be a significant source of financial stress and anxiety for borrowers. High levels of stress related to debt can negatively affect mental health and overall well-being.
Addressing student loan debt by providing relief, whether through forgiveness, income-driven repayment plans, or other measures, can alleviate this stress and improve the mental health of affected individuals.
@9F9BG7F7mos7MO
the government should obviously forgive atleast certain amount of money so that students from low class families can pursue further education and become successful and do something good with their life.
@9G6BWXGConservative6mos6MO
The cost of living is all ready high enough, we dont need to add more taxes becuase its going to increase homelessness and over all wont be good
@ISIDEWITH3yrs3Y
Yes, and forgive all student load debt
@9FKJS6F6mos6MO
Students helps us in our economy, as degrees are all but required in the job market now. giving them a bunch of debt to pay off would only hurt everyone.
@9FGTMM26mos6MO
Student Loan debt should be paid as they also had the interest to do things that can cost them money. IF they couldn't pay it then why do it? This world doesn't run as easy as it looks like.
@9F86SVZ7mos7MO
Forgiving student debt tends to forgive the debt of already wealthy individuals who have had the opportunities to go to university. Also while these students are getting their education at high end universities they are out spending and partying with the funds as is. They should be learning how to manage their funds as needed instead of learning the government will bail them out for being careless jackasses. The future is built on structure and rules to being a just person. Included in being responsible for management of your funds with consequences of stupidity and laziness.
@9FFK4W46mos6MO
University itself is a waste of resources. Many people don get job after secondary school education. Forgiving the loan just encourage more people to make bad decision and waste their time
@ISIDEWITH3yrs3Y
Yes, but only for low income students
@9FMR4256mos6MO
The very idea that any loans taken out willingly be people to advance their own personal ability to earn should be paid for by working class people by using tax dollars to do so is a misuse of funds.
There is an onus on people who take out loans for school to take into account how their education will help them going forward and to consider how they will be addressing the re-payment of this debt.
It also ignores the people who were responsible who saved and worked to pay as much on their own as they could. Is the government prepared to back-pay all those people? Or are we in the business of punishing responsible choices?
@9FF5V676mos6MO
The National Center for Education Statistics (NCES) reports that among undergraduate students who completed a bachelor's degree in 2018-2019, those from the lowest income quartile had an average cumulative debt of $26,300, while those from the highest income quartile had an average debt of $16,800.
@ISIDEWITH3yrs3Y
@ISIDEWITH3yrs3Y
No, but reduce interest rates
@9FKJS6F6mos6MO
Students can not afford to pay it off themselves, if a country cant pay it how would a single person be able to pay it.
@ISIDEWITH3yrs3Y
No, we cannot afford this
@9F8Z6XN7mos7MO
Students will become productive citizens in Canadian society, and hence will be able to pay back the debt through taxes when they are working high paying jobs in the future.
that everyone has the right to a proper education and they shouldn't have to go broke just to get that need
As lots of students, when graduate from university or college, cannot find jobs that can help them pay back their student loans and at the same time support their own needs, it's important to decrease the interest rate more, force universities and colleges to reduce the tuition fee, and even forgive the student loan debt for some serious situation
@9FDR25L6mos6MO
Education is a necessity for everyone, some students can't work because of their busy schedule and while focusing on their studies, the government should provide them with grants whenever needed.
@ISIDEWITH3yrs3Y
Yes, but only for students with excellent grades
@9GLD7ZN5mos5MO
Those students earn scholarships and is not necessary, grades also doesn't reflect on how a person understands the subject matter.
@9FV93Z46mos6MO
Realistically the static s have shown that the rich famlies produce the smartest children therefore forgiving the rich and making the poor pay more.
children adopted by high-SES parents had IQs that averaged 12 points higher than the IQs of those adopted by low-SES parents
@9FPBTBD6mos6MO
If they have excellent grades they should get good jobs that enable them to pay off their student loans
@9FDKCKS6mos6MO
When I say excellent I mean above a 91%. It should be used as a reward for those that try to excel. Everyone has the potential. Not everyone has the will.
@97BT5J51yr1Y
Yes, but only for low income Canadian citizens
@9BW75FL11mos11MO
Yes, and reduce interest rates.
@9CBGNZD10mos10MO
Yes, but only for low income students who are Canadian citizens
@9C9F9K310mos10MO
Maybe if there was a system like they have in Australia instead. Where instead of having to pay for schooling immediately you begin to pay it back when you make a certain income a year
@8WG8ZS9Conservative2yrs2Y
No, but eliminate interest rates.
@9KYNQQ31wk1W
Yes, but for students that go to school longer depending on the career path they want to pursue it should be more. Ex: medicine, nursing, business, law, engineering, etc. As well as careers that are in demand so people don't have to worry about getting the education for the career. Ex: education, engineering, healthcare workers, etc.
@9KYNPSH1wk1W
Yes, but only for students who applied to get this forgiven or for low income students who were accepted into schools without scholarships
@9KQRSQ93wks3W
I think our aim so just make post secondary education free in its entirety and paid for with a religion tax
@9KMDGPJ 3wks3W
Canadian citizens should have free university providing they keep their grades up to the top 20% of the class each and every year of university.
@9KG9KSM4wks4W
University should be much more affordable. Students should understand the risk of going to university and be fully responsible for paying off their debt.Loan forgiveness would only increase taxes.
@9K6M4541mo1MO
Yes, some of that money shouldn't belong to it as worthless spendings on terrorism, police forces, taxes and government agencies get in the way.
@9K58RGL1mo1MO
Yes, but only for specific areas of expertise which we are short on as a country. This would exclude dei, feminist studies, lgbtq studies and basically anything that is not a practical applied skill.
@9K4RHNC1mo1MO
yes, for students lacking financial stability and yes, for students who have proven their loan was worthy (excellent grades and ambitious performance).
@9JWJMC51mo1MO
Its not fair if other people would pay more or if too little its still money. Make universities affordable.
@9JVPMV22mos2MO
Yes, but only for low income students who will become productive citizens and contribute to the economy
@9JM8BRP2mos2MO
As long as your background is checked and you clarify your situation with the government and education system
@9JM6BQQ2mos2MO
they should forgive 10,000 in student loans for low-income students and there shouldn't be any interest rates and the students should have a 75 average or more for it to apply.
@9JC6BKV2mos2MO
College for Canadian citizens should be fully funded by the Government with good marks. I want to live somewhere where the people around me are well-educated.
@9J4JGWRConservative2mos2MO
No, but they should work to reducing tuition costs for Canadian citizens and aid people paying off their existing student debt once costs are reduced
@9J45QG62mos2MO
No but post-secondary should be "free" and if a "free" system is put in place then forgive a reasonable amount of debt otherwise forgive debts for students in certain situations
The historical activity of users engaging with this question.
Loading data...
Loading chart...
Loading the political themes of users that engaged with this discussion
Loading data...