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There are 45 million Americans who collectively owe $1.71 trillion in student loans. And it’s no secret that the financial burden of it negatively affects the lives of many former students with education finished and unfinished, in profound ways. From mental health to home-buying, student loans are somewhat of an ever-present shadow looming over for many years to come.

But President Biden has recently given hope to many by ordering Education Secretary Miguel Cardona to prepare a report on the president’s legal authority to cancel up to $50,000 in student debt per borrower. The possibility of Biden forgiving student loans has surely ignited a heated debate on this sensitive, and often sour subject matter.

And while for many American borrowers, the prospect is more than just politics, giving a sense of long-awaited salvation, others have expressed arguments against it. They claim that simply wiping clean the debt is not a solution for the economy and equity. Which side are you on? Hit us in the comment section below!

#1

People-Against-Cancelling-Student-Loan-Debt

burgerdrome Report

Ray Martin
Community Member
5 years ago

I could be wrong, but this really seems like some sardonic irony, and the poster clearly knows that's how any society is meant to function, but that of the U.S doesn't.

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    #2

    People-Against-Cancelling-Student-Loan-Debt

    Jaybefaunt Report

    WilvanderHeijden
    Community Member
    5 years ago

    Rich kids also are never unemployed or flipping burgers with a degree in science.

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    #3

    People-Against-Cancelling-Student-Loan-Debt

    kyry5 Report

    Sum Guy
    Community Member
    5 years ago

    And americans act like joing the military was a patriotic choice when it was the only choice

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    #4

    People-Against-Cancelling-Student-Loan-Debt

    KyleDaGr8 Report

    Full of Giggles
    Community Member
    5 years ago

    We’re hardworking taxpayers too, ya halfwit!

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    #5

    People-Against-Cancelling-Student-Loan-Debt

    Elizabeth_91 Report

    I I
    Community Member
    5 years ago

    so much ME ME ME stopping the progression of others , USA is falling fast due to the WHATS IN IT FOR ME attitude

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    #6

    People-Against-Cancelling-Student-Loan-Debt

    KrangTNelson Report

    John Smith
    Community Member
    5 years ago

    "leftistss"? newt? sounds more like a snake.

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    #7

    People-Against-Cancelling-Student-Loan-Debt

    MikeKofiA Report

    Milan
    Community Member
    5 years ago

    Wow, slavery must continue. It is unfair for all past slaves...And this stupid example you can put on anything innovative...

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    #8

    People-Against-Cancelling-Student-Loan-Debt

    AdamLon00077463 Report

    I I
    Community Member
    5 years ago

    its how Republicans keep power , keep people so stupid they can't see they are getting conned by the party they think are fighting for them and not big corps

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    #9

    People-Against-Cancelling-Student-Loan-Debt

    antonydavies Report

    Watching
    Community Member
    5 years ago

    Hard-core, sad truth.

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    #10

    People-Against-Cancelling-Student-Loan-Debt

    Hux0021 Report

    Scagsy
    Community Member
    5 years ago

    Why do so many Americans seem eager to shoot someone but if you need insulin shots, you have to literally choose whether to feed yourself or survive?

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    #11

    People-Against-Cancelling-Student-Loan-Debt

    AlejandroAr3nas Report

    Scagsy
    Community Member
    5 years ago

    How can people be so selfish? I just can't understand it.

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    #12

    People-Against-Cancelling-Student-Loan-Debt

    GoodPoliticGuy Report

    I I
    Community Member
    5 years ago

    ahhh the commy argument , fits all , social health care , socialist learning , but some how not corporate subsidies , funny how that works out

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    #13

    People-Against-Cancelling-Student-Loan-Debt

    idiotsaysthis Report

    WilvanderHeijden
    Community Member
    5 years ago

    Or drastically raising the price of something while the quality and quantity diminish.

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    #14

    People-Against-Cancelling-Student-Loan-Debt

    victorthigpen24 Report

    hail beavis
    Community Member
    5 years ago

    Please stop censoring words like "crappy". It's not a curse word in any language.

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    #15

    People-Against-Cancelling-Student-Loan-Debt

    pamajo17 Report

    Luther von Wolfen
    Community Member
    5 years ago

    The geniuses who went to college figured it out: cancel student loan debt.

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    #16

    People-Against-Cancelling-Student-Loan-Debt

    JoeJane13 Report

    MAL
    Community Member
    5 years ago

    I worked my ass off to pay mine off, too. So what? I would have LOVED to not be broke as hell until I was 35 because of student loans. If we have the power to give the next generation a better life, why the hell wouldn't we do that?

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    #17

    People-Against-Cancelling-Student-Loan-Debt

    SquilliumDuqlos Report

    Watching
    Community Member
    5 years ago

    And yet, what is funny, is that the conservative party is the party of welfare. And low education. Republicans have their cult right where they want them.

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    #18

    People-Against-Cancelling-Student-Loan-Debt

    thyis1 Report

    Helen Haley
    Community Member
    5 years ago

    Universal healthcare, student debt loan, and then regulation.

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    #19

    People-Against-Cancelling-Student-Loan-Debt

    angryblkhoemo Report

    Sasha Kuleshov
    Community Member
    5 years ago

    When a bot can't write "Preeetty upset" (:

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    #20

    People-Against-Cancelling-Student-Loan-Debt

    _oliviagrace Report

    Jonah Denny-Mayo
    Community Member
    5 years ago

    How has political strife gotten to the point where we feel it's ok to refer to people as less than human just because they believe in different things than is? Lefties, liberals it just makes no sense how humans have lost all compassion for others.

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    #21

    People-Against-Cancelling-Student-Loan-Debt

    Pale-Yam8117 Report

    Helen Haley
    Community Member
    5 years ago

    Ha ha ha ha ha ha ha ooooh best joke today

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    #22

    People-Against-Cancelling-Student-Loan-Debt

    willchamberlain , jennarmathias Report

    Watching
    Community Member
    5 years ago

    Conservatives ARE lepers. We should put them on an island and let them eat themselves.

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    #23

    People-Against-Cancelling-Student-Loan-Debt

    burgerdrome Report

    Seabeast
    Community Member
    5 years ago

    You get "raped"? That's pretty offensive to actual rape victims, a-hole.

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    #24

    People-Against-Cancelling-Student-Loan-Debt

    Bottyboi69 Report

    Pungent Sauce
    Community Member
    5 years ago

    Sounds entirely reasonable.

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    #25

    People-Against-Cancelling-Student-Loan-Debt

    mustardpaws Report

    I I
    Community Member
    5 years ago

    oil , gas and coal companies decided to do that for a business, but you still subsidise them , only a moron would be cool with that and not forgiving student debt

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    #26

    People-Against-Cancelling-Student-Loan-Debt

    Einteiler Report

    Helen Haley
    Community Member
    5 years ago

    We spend untold money on the military. If there are soldiers sleeping in parking lots it is because their superiors want it that way.

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    #27

    People-Against-Cancelling-Student-Loan-Debt

    LordBanaenae1 Report

    Sum Guy
    Community Member
    5 years ago

    I swear Americans are brainwashed

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    #28

    People-Against-Cancelling-Student-Loan-Debt

    imgur.com Report

    John Smith
    Community Member
    5 years ago (edited)

    "adult children's". I'd bet that person didn't go to a private school, so maybe he should reimburse the taxpayers.

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    #29

    People-Against-Cancelling-Student-Loan-Debt

    loganalIred Report

    Aeon Flux
    Community Member
    5 years ago

    Why the hell isn't education a human right?

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    #30

    People-Against-Cancelling-Student-Loan-Debt

    Active-Ad-233 Report

    #31

    People-Against-Cancelling-Student-Loan-Debt

    Inevitable_Professor Report

    Watching
    Community Member
    5 years ago

    How do you tell someone you're racist without telling them you're a racist?

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    #32

    People-Against-Cancelling-Student-Loan-Debt

    madamemodest Report

    Watching
    Community Member
    5 years ago

    I wonder how much money she inherited to pay off that debt.

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    #33

    People-Against-Cancelling-Student-Loan-Debt

    blupanan Report

    Watching
    Community Member
    5 years ago

    Oh Lord these right wingers are grasping at straws as they go down in flames.

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    #34

    People-Against-Cancelling-Student-Loan-Debt

    wizrdmusic Report

    #35

    People-Against-Cancelling-Student-Loan-Debt

    CalebJHull Report

    Pungent Sauce
    Community Member
    5 years ago

    That’s about 666 avocado toasts a month if you make them at home, or 9 pieces every hour. Seems a tad exaggerated....

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    #36

    People-Against-Cancelling-Student-Loan-Debt

    dumb_birdDee Report

    M O'Connell
    Community Member
    5 years ago

    I'd be willing to bet Blake has an MBA. The majority of those people are pricks.

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    #37

    People-Against-Cancelling-Student-Loan-Debt

    asriel121 Report

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    #38

    People-Against-Cancelling-Student-Loan-Debt

    cecil_21m Report

    #39

    People-Against-Cancelling-Student-Loan-Debt

    SouthSideSigma Report

    #40

    People-Against-Cancelling-Student-Loan-Debt

    rnaleli Report

    M O'Connell
    Community Member
    5 years ago

    *chortles snobbily* MY lawnmower is electric! ;)

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    #41

    People-Against-Cancelling-Student-Loan-Debt

    cubansbottomdollar Report

    I I
    Community Member
    5 years ago

    nO tHaNk yOu , dOnT NeEd CaSh, gIvE iT tO bIG cOrPs

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    #42

    People-Against-Cancelling-Student-Loan-Debt

    Social_History Report

    BlackPearltheSeaWing/NightWing
    Community Member
    5 years ago

    Wow those people are a bunch of arseholes

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    #43

    People-Against-Cancelling-Student-Loan-Debt

    whenthewindupbird Report

    #44

    People-Against-Cancelling-Student-Loan-Debt

    Why0_0 Report

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    #45

    People-Against-Cancelling-Student-Loan-Debt

    shanselman Report

    Viktor Feurer
    Community Member
    5 years ago

    Every dollar spent on education generates at least 15 dollars. Free education is the best investment to the future of a nation.

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    #46

    People-Against-Cancelling-Student-Loan-Debt

    newbury_eric Report

    BlackPearltheSeaWing/NightWing
    Community Member
    5 years ago

    *You're This person needed to go to college if they didn't. Then maybe they would be on the sensible side too.

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    #47

    People-Against-Cancelling-Student-Loan-Debt

    suziesaturn Report

    #48

    People-Against-Cancelling-Student-Loan-Debt

    LITTLEWASCHBAR Report

    M O'Connell
    Community Member
    5 years ago

    I'm 33. I've been to a grand total of 4 concerts in my life. I've visited a bar less than 5 times ever. I haven't watched a movie in a theater in the last 3 years. My primary car is 19 years old. I spent $0 on clothing last year. I manage my money very carefully, and so do many other people my age. I think it's ironic that you tagged a structured settlement law firm. Those firms exist to bilk desperate people. They're part of the problem.

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    #49

    People-Against-Cancelling-Student-Loan-Debt

    BirdIsTheWorldTruly Report

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    #50

    People-Against-Cancelling-Student-Loan-Debt

    hcar98 Report

    Omar Pearson
    Community Member
    5 years ago

    He signed his name at the beginning of his message rather than at the end...

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    #51

    People-Against-Cancelling-Student-Loan-Debt

    CAllD2B Report

    #52

    People-Against-Cancelling-Student-Loan-Debt

    WingedMarauder Report

    WilvanderHeijden
    Community Member
    5 years ago

    Yes, keep the poor uneducated, so the circle of the rich gets richer.

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    #53

    People-Against-Cancelling-Student-Loan-Debt

    Qeweyou Report

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    #54

    People-Against-Cancelling-Student-Loan-Debt

    Hueys69 Report

    #55

    People-Against-Cancelling-Student-Loan-Debt

    miles_commodore Report

    Ryan Deschanel
    Community Member
    5 years ago

    They would get the bill.

    #56

    People-Against-Cancelling-Student-Loan-Debt

    imgur.com Report

    Jonah Denny-Mayo
    Community Member
    5 years ago

    Lol I love the heart background

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    #57

    People-Against-Cancelling-Student-Loan-Debt

    diedtowin Report

    M O'Connell
    Community Member
    5 years ago

    I've always wanted to ask someone like this what they believe the "endgame" of that agenda is.

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    #58

    People-Against-Cancelling-Student-Loan-Debt

    huff67 Report

    Schrodinger's Cat
    Community Member
    5 years ago

    Are they serious? PRISON? My goodness...

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    #59

    People-Against-Cancelling-Student-Loan-Debt

    lrlOurPresident Report

    #60

    People-Against-Cancelling-Student-Loan-Debt

    jadondrew Report

    Stacey Davis
    Community Member
    5 years ago

    The education of the people in this country benefits the whole country. My skills from my education and my taxes benefit everyone.

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    #61

    People-Against-Cancelling-Student-Loan-Debt

    GoldenNuggiess Report

    Ryan Deschanel
    Community Member
    5 years ago

    I assume it was when everything was cheap, when anyone could buy a house which is now worth four time more. Millenials are not poor because they are lazy, they are poor because everything is frigging expensive and they are not payed enough.

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    #62

    People-Against-Cancelling-Student-Loan-Debt

    Emgk2 Report

    #63

    People-Against-Cancelling-Student-Loan-Debt

    PM_me_ur_lockscreen Report

    #64

    People-Against-Cancelling-Student-Loan-Debt

    notallbhas Report

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    #65

    People-Against-Cancelling-Student-Loan-Debt

    ZildjianCymru Report

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    #66

    People-Against-Cancelling-Student-Loan-Debt

    itsagummybear Report

    #67

    People-Against-Cancelling-Student-Loan-Debt

    Beematic83 Report