Biden's Student Loan Forgiveness Program Is Supposedly Good News, Yet A Lot Of People Are So Angry

President Joe Biden Student Forgiveness Loan Tim Young Oren Cass

By Jo Anne Hubert , Parent Herald Aug 28, 08:16 pm

President Joe Biden "forgave" $10,000 worth of student debt loans for millions of Americans last Wednesday.

The student loan forgiveness announcement created a flurry of positive, excited, and grateful responses from borrowers and political supporters, which were expected by the public.

However, it was a shock to find that a "noticeable wave of resentment" was also expressed and thrown at the President and the government, especially from those who were able to dutifully and responsibly pay off their student loans in the past, USA Today revealed.

Student Loan Forgiveness is ' a middle finger'

The author, host, comedian, and Washington Times columnist, Tim Young, took to Twitter where he described the approved student loan forgiveness as "a middle finger" to everyone who pushed and worked hard to do the right thing.

As of this writing, the said tweet has already garnered almost 29,000 likes and has been retweeted more than 4,000 times.

Most replies from the netizens complimented and agreed with what Young has expressed on social media. Some stated that it was not only a middle finger but also a slap in the face to those who pay their dues. Some said it does not actually forgive the debts but just transfers them to the taxpayers.

"I wonder how all of these students would feel if, in the future, the government who is paying for their education told them what they would have to study, what career, and where they would have to work, and what their salary will be," one commented. To which another replied with a warning saying that it is exactly a reflection of what the Republicans are working for - the desire and the plan to decide everything for the Americans.

'Student Loan Forgiveness is wrong'

Oren Cass, an American public policy commentator and political advisor, expressed that the President's student loan forgiveness is all wrong.

Cass stated that America had transformed higher education into "a lavishly expensive sacred cow," that now is being billed to everyone. He further noted that the President just made millions of Americans up to $20,000 richer with just a stroke of a pen, excusing them from paying money they borrowed while costing taxpayers, who are also Americans, hundreds of billions of dollars.

What Biden did by simply erasing the debt was treating the obvious and external symptom in the quickest way possible, regardless if it was the costliest way while turning a blind eye to the root of the problem, Cass declared in an opinion article he wrote for Politico Magazine.

America should embrace student loans the same as any other debt or loan, especially since the nation has an excellent legal system for governing debts, complete with options for managing risks and "equitable relief" for those who cannot keep their obligations. According to Cass, what should be done instead is the elimination of the complex entanglement of government grants, loans, subsidies, and guarantees that is a plausible door for corruption as these are being taken advantage of to finance things that a university can think to charge for.

In all these opposite reactions and responses toward Biden's student loan forgiveness, Cody Godwin of the Associated Press proclaimed that what the President just did will impact people in different ways, but the truth is, for some, it will not have any impact at all.