AOC demands Biden immediately cancel all student loan debt by executive order

I go to university thru my employer and I don't have to pay ifor it if I will not change my job in next 2 years after finishing the curse. So I have debt but it will be canceled in 5 years.

but it is different than "canceling student loans" that some people here want.

I knew what will happen with loan when contract started. However student loan is changing the rules during the game. When someone take loan they took it under some circumstances. Just canceling loans (if they they were not signed unlawfully) is bad.

If I would not start studying because I was afraid of large loan and then people who decided to study (because they did not made good researched big loan will be) get their loan cancelled it would make me mad.

Why I, who manage my finances responsibly, would have to pay for mistakes of people who do not take their finances serious?


In my country we had similar issue but not about student loans but loans people took in foreign currency.

People did not understood how risky this type of loan is and after couple of years when it became problem to pay these foreign currency loans, government force banks to change these loans to national currency. Indirectly now I have now to pay for these people mistake. I have ben punished for other people mistake.

But if exchange rate would be different, and paying these loans would be easier than loans in out national currency then I would not get benefit but these people would.

How is this fair?

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