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I Paid Off My Entire Student Debt Years Ago, But I Gladly Support Student Debt Forgiveness

When I was in grade school, I got beaten up by a bully. It was painful, humiliating, and left lasting scars that I would not want anyone to experience.

When I was still in college, I tried to put together my first website that I hoped would help me make a few extra bucks on the side. I even paid for this service that was supposed to help get my site listed on major search engines at the time. That turned out to be a scam and I lost $150 at a time when I couldn’t afford to loes that kind of money. I don’t want anyone to experience that, either.

We all have experiences in our lives that we don’t wish for others to experience. It’s a big reason why parents strive to create better lives for their children, especially if they themselves had a difficult upbringing. I’ve known people who had horribly abusive parents, but they made it a point to ensure their children got the love and kindness that she never got.

This is an objectively good and moral thing. It’s something most are inclined to celebrate and support. So, with all that in mind, why should forgiving student loan debt be any different?

It had been talked about and entertained a great deal during the 2020 Presidential Election. Some candidates even made it a central part of their platform. But earlier this week, it became official. President Biden announced that a sizable chunk of student loan debt for millions of Americans would be forgiven.

USA Today: ‘Debt and no degree’: Biden cancels as much as $20K in student loan debt: Recap

Now, I understand there are a lot of political machinations behind moves like this, none of which I’m smart enough to make sense of, let alone articulate. I also understand there are some real, logistical reasons as to why forgiving student loan debt is difficult and will likely incur a greater cost in the near and far future. I’m sure I’ll notice that cost personally at some point.

All that being said, I still strongly support this. I would even support more student loan debt forgiveness, especially for those who were hit hardest by the COVID-19 pandemic and the economic downturn it triggered. And I say that as someone who paid off every penny of his debt back in 2011.

I know that makes me a bit of an anomaly, especially when compared to my peers in my graduating class. I knew some people who had taken out as much as $100,000 in loans in order to go to college. It wasn’t because they were reckless or stupid. They just came from families who could not afford to save money for college without starving. They also didn’t qualify for grants or scholarships.

And for the record, many of these peers were not majoring in “useless degrees.” I didn’t know a single person majoring in gender studies, philosophy, or underwater basket weaving. Most majored in things like engineering, medicine, and computer science. They were smart people who had the skills to get quality jobs as soon as they graduated. But not all of them were able to find jobs and even those that did still had what amounted to a mortgage payment cutting into their salary every month.

This is not a tenable system.

It’s also not how other industrialized countries do higher education.

In general, sending young people to college is an investment in people. We, the tax paying public, understand that there’s social and economic value in educating people at a high level. It’s a critical component for a functioning, prosperous society. And we don’t do that society any favors by shackling them with a massive amount of debt that they can’t get rid of, even in bankruptcy.

Looking back on it, I probably could’ve moved forward in my life much faster if I didn’t graduate with the debt I had. Granted, my debt was considerably smaller than most, but it still ensured I had to live at home a number of years and couldn’t afford any major investments, be it retirement or a car. I can only imagine how much further it held back peers with far bigger debts.

On top of that, the cost of college has gotten considerably more expensive since I graduated. I even went back and checked the tuition from my old school. Even with in-state benefits, I would’ve paid more than twice the amount I paid for the same degree. And the job market after I graduated would be nowhere near what it was years ago.

Despite these circumstances, as well as the undeniable burdens that come with being shackled with so much debt, I still here a common complaint from those who oppose student loan debt forgiveness. It has similar themes, but it usually boils down to comments like this.

“You took out a big loan? Too bad! Get a job and pay it back, you lazy moochers!”

“I paid back all my debt years ago. Why should you get to avoid paying yours?”

“It’s not fair! I didn’t even get to go to college because I was too poor. Why should I pay for your degree?”

Now, first off, if you’ve ever said something like this out loud to another human being who is currently struggling to keep up with loan payments in a terrible job market still recovering from a pandemic, I have one thing to say to you.

Fuck you.

Seriously, fuck all the way off.

Second, if your opposition boils down to all these young people getting an advantage you never got when you were that age, know that that’s a total bullshit reason. Even if you paid all your debts off by hard work and sacrifice, who are you to force millions of young people to do the same? Their situation is different. Times have changed a great deal since you were in college. They’ve changed a great deal in the past five years alone.

These aren’t all the self-entitled brats you hear Bill Maher and Tucker Carlson whining about every week. Those people do exist, but they’re an extreme minority who just happen to whine the loudest. Most of the millions of students who will benefit from this program are genuine, hard-working young people trying to build better lives. They just can’t do that when they’re shackled with this kind of debt.

To ignore their plight because you think it’s unfair to those who paid off their debts isn’t just a dick move. It makes no sense. Think back to those incidents I mentioned earlier about enduring a hardship that I wouldn’t wish on others. Dealing with student loans is a serious hardship. And even if you got out of it, why condemn others to suffer?

That’s akin to opposing polio vaccines, antibiotics, and lead free paint because you had to deal with the world before all these terrible things. So you want others to deal with it too. That’s not fair. That’s not just. That’s just you being a cruel, sadistic prick to millions of your fellow Americans.

Again, fuck you.

I don’t care that I paid off all my loans already. I don’t care that many young people will get to skip the hardships I endured when I was younger. If anything, I will gladly cheer on those who benefit from this act. You have an opportunity I never enjoyed. I sincerely hope to make the most of it.

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