Hacker News Reader

I worked 35 hours a week while in college. I had almost six figures of loans once I was done. I didn’t pay them off until my 30s.

It is precisely because of how much that hampered me that I’m glad that others are relived of that burden. It’s even harder for kids these days!

View on HN

There's no "reliving" of the burden. It is transferred to others, including those who already paid their student loans once, and those who never went to college in the first place. That is, all taxpayers and holders of government debt.

If the money was clawed back from universities, that would be fine, since they were at the receiving end of the racket.

People interested in what taxpayer money is going towards really ought to google where the majority of it is spent (hint: it's not student debt relief)

https://responsiblestatecraft.org/2022/11/22/why-cant-the-do...

The government is also why we’re in this situation in the first place. Their fuckup, their bill.

At the end of the day, this debt forgiveness is a drop in the bucket compared to other things that the government does that my tax dollars get spent on that I would prefer it not be. If we’re truly worried about the cost here, there’s plenty of other things we could take that money from that I would happily support.

Reply on news.ycombinator.com