Student Loan Debt?
Posted 03-21-2023 at 07:53 PM by redguard57
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Originally Posted by ddeemo
There are many reasons that most do not like this idea;
- The payoff effectively penalizes people who scrimped and saved to pay for college, those who already paid their loans off, as well as the majority of Americans who didn't go to college.
- The payoff effectively penalizes people who scrimped and saved to pay for college, those who already paid their loans off, as well as the majority of Americans who didn't go to college.
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- A lot of this benefit is going to go to doctors, lawyers, MBAs, others that have a very high earnings potential.
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- It encourages current and future students to take on more debt with the expectation of more debt relief in the future.
- It does nothing to control school costs, it actually encourages schools to increase costs in the future - see above.
- It does nothing to control school costs, it actually encourages schools to increase costs in the future - see above.
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- It will increase inflationary pressure by putting more money into the market that was to go toward loans.
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