1465
rating
34
debates
55.88%
won
Topic
#5496
Banks should not give loans to people who cannot payback their debts.
Status
Finished
The debate is finished. The distribution of the voting points and the winner are presented below.
Winner & statistics
After 3 votes and with 12 points ahead, the winner is...
Americandebater24
Parameters
- Publication date
- Last updated date
- Type
- Standard
- Number of rounds
- 3
- Time for argument
- Two weeks
- Max argument characters
- 30,000
- Voting period
- Two weeks
- Point system
- Multiple criterions
- Voting system
- Open
1500
rating
1
debates
0.0%
won
Description
I only debate real and serious debaters. Do not join unless you want to debate.
Round 1
I will start by thanking Con for accepting the debate.
Introduction:
America is facing a tough time with Student Debt. Despite The president's best efforts to help forgive student loans. Loan companies are still making deals with private citizens to borrow huge sums of money that they cannot pay back. While this is not illegal technically. I intend to show why this is a problem and should not be allowed.
Argument 1: Student debt kills many academic futures for many people.
One of the primary reasons people go to loan companies in the first place is because they believe that college is too expensive and that a loan will get them into college. While the money the aforementioned companies provide may open the door to college, they also limit it due to astronomical interest rates that promising students can neither pay back nor continue their education in many circumstances.
Not only are loan companies not needed for a person to achieve academic success. But loan companies specifically target people who are ignorant about their financial options. For example, no loan company ever turns down an applicant who is poor enough to qualify for grants from the government to pay for their education. The common practice of loan companies entrapping unsuspecting poor people who desire education is immoral and economically damaging to both the individual and the economy. The loan companies should not be allowed to continue this abhorrent practice.
Argument 2: Preventing loan companies from offering loans that cannot be paid back will improve the economy.
According to CollegeDropout Rates: 2024 Statistics by Race, Gender & Income | Research.com, Over 40% of undergraduates drop out of college due to student debt. That is thousands, if not millions, of potential doctors, scientists, and or future political leaders never seeing the light of day because of the dubious practices of loan companies. By denying the loan company’s ability to entrap people into debt. We not only improve our economy significantly, but we also pave the way for younger generations to have a fair chance at not only a good education but also a promising future that can shape our economic futures to heights that we have never seen.
Conclusion.
We must decide the future of this nation, friends. Do we keep it as a nation where the economy suffers because the rich cooperate companies can entrap young and promising individuals into unreasonable debt? Or do we make a nation that is preferably debt-free, and all of us can make bread, find work, and, with great effort, a future? That is the question that must be answered.
Forfeited
Round 2
Given that my opponent has forfeited and not countered my argument, I will refrain from adding anything further as my points remain unchallenged.
Forfeited
Round 3
Since Con has added nothing to this debate, there is nothing for me to add as well.
Forfeited
Pro tip: if you want to go up against people who won't just full forfeit, start making rated debates.
Op, banks tried that. I'm response banks were called racist so they started giving out loans to those who can't afford them and this is why they always need bailouts
Not even controversial. Possible signs of more cowardice.
I feel like this one is pretty much just a truism.