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Do you think the Obama administration should forgive student loans as a way to stimulate the economy?

Poll Results: 4,320 votes



274 Comments   add a comment >>
Gary Sumpter
Wednesday December 2, 2009, 9:40 AM


No way. You borrow the money you pay it back. Why should tax payers that are already stretched to the limit have to pay this bill as well. No one owes us anything people we have to make it on our own. Help is fine but our country owes more now than we can comfortably pay.

Allison M.
Sunday November 29, 2009, 6:25 PM


I'd take the couple hundred dollars I'm paying per month on my student loans now and spend it on a nice new car. That would be good for the economy, right?

I don't really agree with people who say "If you forgive student loans, kids never learn responsibility, they'll never learn budgeting," etc. Every single person I know who got a job right out of college is aggressively paying off their loans. The only people I know who are deferring their loans or having trouble making payments are those who have been unable to find a job--not for lack of responsibility, but simply due to this economy. It would be a simple way to help people who need it the most. Plus, it's not like credit card debt, which many people have accumulated due to irresponsible money management and impulsive buying. Student loans are an investment in your education.

I don't think people's loans should be completely eliminated, because that would be unfair to those who have worked hard to pay back their loans and have finished (I was seventeen when my stepfather finally finished paying off his undergraduate student loans!). But I do think some kind of help or forgiveness in this area would be much appreciated to those in trouble.

Maria W.
Friday November 27, 2009, 12:12 PM


They need to find a way to pay back their own loans.

Mav Spirit
Thursday November 26, 2009, 3:00 AM


I'm not sure, but I do know from personal/family experience that student loans is a greedy, evil business that will ruin your life. I'm not inclined to forgive them, myself.

Jane Law
Tuesday November 24, 2009, 9:28 PM


Why not help students and not just Wall Street.

Mike Luszcz Jr
Tuesday November 24, 2009, 12:44 PM


I think they should at least find some way to help people out with their loans. You go to school to get an education to better your life, then once you graduate your stuck in debt forever for trying to better yourself.

NE L.
Sunday November 22, 2009, 3:30 PM


If we constantly give, give, give, they never learn to be responsible.

NE L.
Sunday November 22, 2009, 3:28 PM


If you sign a contract you stick to it. Period. If you have any character you stand by your word.

catrina s.
Sunday November 22, 2009, 12:19 AM


yes i do believe so because my daughter is graduating from college this year and she will have to pay back 60,000 and i paid her first year, im just now starting to pay that back!

Danielle G.
Saturday November 14, 2009, 10:08 PM


I am in school now as I go I pay back. I think they should do credit checks to know if they will pay back. An they should scholar ships to ones born raised in america not to other country immagrants



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