Christian finance guru Dave Ramsey says the US needs to get out of debt – but that doesn’t mean he believes in loan forgiveness.
What are the details?
Last week, Ramsey
tweeted that people shouldn’t create student loan debt at all — and instead choose to pay cash for higher education and attend community college or trade school.
He wrote, “Perhaps before we write off student loan debt, we should stop allowing student loan debt…”
He explained the remark with Insider and said politicians like President Joe Biden were “intellectually dishonest” when they talked about forgiving student loans, but still allowed students and their families to continue taking them.
“If we think student loans are so horrible and evil, which I think, then we should stop doing them,” Ramsey explained. “It’s intellectually dishonest for politicians to be running around talking about forgiving student loans while they’re still doing it.”
Insider reported that Ramsey had previously added that canceling student debt was nothing more than “hogwash” and that saying debt cancellation would boost the economy was just “smoke and smoke.” mirrors”.
Ramsey added that students wanting to pursue higher education should instead pay cash for college and university, or attend community colleges or trade schools.
What else is there to know about this?
In October, Ramsey told Fox Business that the very idea of student loan forgiveness was a scam.
“98% of people who have asked for this so far haven’t been granted a pardon, only 2% – it’s called a scam,” Ramsey said at the time. “If you become disabled, your student loans have always been cancelled. … If you have been defrauded by a school that has closed, your student loan is cancelled.”
“The [loan] cancellation who [Democrats] are all bragging – it doesn’t work,” he insisted.
Ramsey continued, “America has stuck its nose up and snubbed everyone who hasn’t gotten a four-year degree in the last five generations. … It’s become a thing that if you’re not going to college, you weren’t ‘not going to make it’, insisting the notion is a ‘culture-wide scam’.
“The victims are 18-year-olds, and it’s sad,” Ramsey continued. “They’re delaying having kids. They’re delaying getting married. They’re delaying buying houses because they’re overwhelmed and covered up and overwhelmed with this debt that they’ve taken on and done what everyone else is telling them. said to do.”
He concluded, “It’s an irony of ironies that in America we’re stupid when it comes to education.”