ipl-logo

Pros And Cons Of Forgiving Student Loan Debt

930 Words4 Pages

Before starting my research for the debate, I stopped to think to myself what forgiving student loan debt meant to me. I thought about how forgiving a student’s loan would affect me and if it is a good idea or not. The words “forgiving student loan debt” was logical to me but what came with the debt being forgiven I had thought about. Nobody would turn down having their debt gone but maybe they would be against it if it weren’t their debt being taken away. For the first debate in class I was assigned the pros side to forgiving student loans. I first started off by thinking if I thought this would be a good thing and why or why not. Next I researched the article itself by Kayla Webley. The negatives did outweigh the positives to this idea of student loan forgiveness, which didn’t help me with the first debate. On the other hand, there were a few points that Webley pointed out that were positive. Webley wrote this article to show her side of the idea. I could tell throughout the article that she was against the idea of student loan forgiveness. Webley would use different people’s standings on the situation to back up her opinion. In Webley’s article, she includes pieces of information that she had found to back up her own article. The links are included …show more content…

These taxpayers could be people who have already paid their debt off. That would be completely unfair. It would also be unfair for someone who didn’t go to college because of money reasons to then later have to pay taxes on someone’s student loans being forgiven (Many of section, para. 9). This seemed just wrong in my opinion. I would not want to make someone else have to pay for something I should’ve paid for myself. I would also not believe that forgiving student loan debt would help to economy as quick as they

Show More
Related

Forgiving Student Loan Debt A Good Idea By Kayla Webley Summary

1165 Words | 5 Pages

With student loan debt on the rise across the United States of America, measures must be taken to address the issue of millions of Americans facing tens of thousands of dollars in debt immediately after finishing college. According to Robert Applebaum, a man that began a petition for the United States federal government to offer a one time deal of forgiving all student loans, to forgive these loans is a necessity and may prove to boost the economy. In Kayla Webley’s “Is Forgiving Student Loan Debt a Good Idea?”, the journalist and correspondent for Times magazine takes a long hard look at Applebaum’s proposal and just how forgiving the student loan debt is likely to play out. Throughout her article, Webley dissects the argument for forgiving

Read More

Pros And Cons Of Student Loan Debt

103 Words | 1 Pages

Hello, Professor Gray, The lost loan repayment plan would have a positive impact on the taxpayers by working with your loan servicer to choose a federal student loan repayment plan to make loan payments more fordable giving the loaner more time to repay their loans based on their income. Student loan debt is referred to as installment debt, which means you have fixed payments for a specific period of time. The interest you pay on your student loans is tax deductible that would put additional funds that could be used to purchase items that would increase spending with will help build the

Read More

Annotated Bibliography On Student Debt Crisis

1056 Words | 5 Pages

An Annotated Bibliography Block, Sandra and Dugas, Christine . " Five Proposals to Solve $1 Trillion College Loan Crisis." USA Today. Gannett Satellite Information Network, 21 May 2012. Web.

Read More

Is Forgiving Student Debt A Good Idea By Kayla Webley

876 Words | 4 Pages

Webley to fight her side adds a lot of data in her piece. She introduce Robert Applebaum, the author of a piece she writing against, to take his argument apart. She states “Feeling shackled by an estimates $88,000 in student loan debt, Robert Applebaum started the petition in 2009…(Webley 130).” She does this to show her audience why Applebaum wants to eliminate student debt. Like I wrote above she comment that all student debt would equal about one trillion dollars.

Read More

The Pros And Cons Of Student Debt

1203 Words | 5 Pages

Emily Fischer Writing 122 Mr. CD 08 March, 2024 Student Debt Relief Student debt relief is a SAVE plan policy which provides relief for those who have taken out $12,000 or less in student loans. The Supreme Court recently struck down this bill, stating that, “the Biden administration does not have the authority to wipe out nearly half-a-trillion dollars in student debt.” (CBS News). Student loan forgiveness should be instated as it would benefit millions of people financially, which would help the current economic situation and allow people to purchase houses for the first time in their lives. As prices rise, people are struggling to afford college tuition and the cost of living continues to rise, all while wages have stayed the same.

Read More

Student Debt Pros And Cons

346 Words | 2 Pages

I agree with the goals of the affirmative side. But, we need to provide relief for new college graduates. But this bill doesn't get us there so please negate. If we want make a cushion for the students, then we need to make a bigger one. The national student loan default rate, 11.8 percent a year ago, stands at 11.3 percent.

Read More

Analysis Of Why Are Student Loans Considered As Good Debt

1060 Words | 5 Pages

I discovered two articles about student loans with contrasting points. In the first article “Why Are Student Loans Considered Good Debt” Holly Johnson is the author, an award-winning writer and also the editor of Simple Dollar. Johnson tries to justify students obtaining multiple student loans

Read More

Student Debt Persuasive Essay

1059 Words | 5 Pages

This notion seems politically appealing for those on the left wing side of the argument, but overall no one wants to accumulate debt. Many of the young progressive college students and graduates would love for their student debt to dissipate. Student debt has become a crushing and often unavoidable generational crisis. But why not just forgive all that

Read More

Debate On Student Debt Doesn T Go Far Enough

1125 Words | 5 Pages

Joseph 1 Tre Joseph 1302 Professor Jenkins 10/12/15 New York attorney Robert Applebaum’s and economist Justin Wolfers essay's debate on student loan debt applebaum’s "Debate on Student Loan Debt Doesn’t Go Far Enough”, attests that the U.S. has a financial crisis’ on it's hands and that, unless the U.S waives the present student debt(over $1 trillion) the economy will nose dive. Applebaum writes an over-passionate and panicked paper. Applebaum’s essay is absent of sensible logic, practical validity and is riddled with unreasoned assumptions. Justin Wolfer's "Forgive Student Loans? Worst Idea Ever", argues that forgiving student debt would only contribute to a financial crisis.

Read More

Negative Effects Of Student Debt

280 Words | 2 Pages

Another negative impact that student debts has on the U.S economy originates from the impact is has on small businesses. It is acknowledged that small businesses are the backbone of the United States economy. According to the United States Small Business Administration, these small business's account for one-half of the private sector economy and 99% of all business. (Brent Ambrose) Additionally, 60% of new jobs conceived in the private sector were done by small businesses.

Read More

Persuasive Essay On Student Debt Crisis

1228 Words | 5 Pages

There are many people out there that completely disagree with the Act or even the idea of fixing the crisis itself. people are saying that forgiving students from their debt would make them irresponsible with the extra money they’ll be making The fact of the matter is that if the Act were to pass, it would: eliminate many of the awful consequences of educational indebtedness. In doing so, it would give Americans greater purchasing power, helping to jumpstart the economy and create jobs. Of course, it does have some restrictions, but it will help the student loan debt crisis and the national debt crisis. The solution is that students will continue to pay their debt flexibly comfortably by paying ten percent of their income, and after twenty years of paying, the debts can be forgiven.

Read More

Student Loan Forgiveness

1994 Words | 8 Pages

Forgiveness of Student Loan Debt On a global scale, there is a large amount of people who are unfortunate in the sense that they are all regrettably faced with the issue of the struggle to pay for a proper education. Seeing as those who struggle are unable to pay on the spot, whether it be because they are financially independent adolescents or their families have low financial income, a majority of said strugglers resort to applying for student loans. This allows them to receive an education for the time being, but it still must be paid for eventually. As a result, every student who takes a loan for schooling will be in debt until everything that has been borrowed is paid off.

Read More

Rising Cost Of College Essay

817 Words | 4 Pages

The phrase “education being worth it no matter the cost” has been drilled into students as well as their families. This has led to student loans eclipsing a total of $1 billion every year, and in total reaches more than $1 trillion. While most loans don’t have to be paid off until after graduation, many students aren’t able to find jobs to subsidize the loan payments once they have

Read More

The Pros And Cons Of Student Loans

585 Words | 3 Pages

Student loans have always seem to be a controversial topic. Many people are in agreement and disagreement over the opportunity to student loans. Student loans can be a great advantage to many students, but it can also drown them in an immense debt, that will follow them for many years. The more we analyze this perspective, we are able to distinguish the advantages and disadvantages of student loans. There is a variety of perspectives on student loans, some involving annual salaries, interest rates, and commodity.

Read More

Argumentative Essay On Student Loans

378 Words | 2 Pages

Forgiveness programs can be lifesavers for borrowers drowning in student loan debt (Snider 1). However, jobs for recent grads are harder to find and salaries are lower, but that won't last forever; in spite of all of this, the data make clear that getting a college education is still a good idea. College graduates earn more and are more likely to have a job in the first place, and is especially important for some Americans (Webley 2). According to the Bureau of Labor Statistics in 2010, the unemployment rate was 9.2 percent for those with only some college and more than 10 percent for those with just a high school degree, but it was 5.4 percent

Read More

More about Pros And Cons Of Forgiving Student Loan Debt

Related Topics

Open Document