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s/millenial/millenials that have not yet paid off their student loans/ It would have been fun to galavant around Europe for fun instead of paying off my loans,
by krschultz 11y ago
s/millenial/millenials that have not yet paid off their student loans/
It would have been fun to galavant around Europe for fun instead of paying off my loans, but I guess I'm the sucker for being responsible.
I'm totally fine with people being able to refinance their loans to market rates, if those rates happen to be negative then good for them. I'm annoyed by this prevailing view that everyone with student loans are unemployed and can't pay them back. I know plenty of people with lots houses, cars, and taking vacations that haven't paid off their student loans yet. Outstanding balance left is not a good measure of the loan's burden or the circumstances under which the student took out the loan.
- ihsw 11y agoI think it's safe to say that people are generally irresponsible, all things considered. As for how to handle the mountain of student loan debt -- inflation used to work as a soft form of debt relief but banks screw with people by jacking up private student loan interest rates in lockstep. We need something stronger -- actual debt relief.
- krschultz 11y agoInsisting that we need debt relief is not an argument. It's not self evident to me why we need to invalidate principal on loans. I like the idea of inflation a hell of a lot more because it benefits me as someone that paid off my loans ($80k!) in full. We can't seem to do it via monetary policy, but if you give me the choice between helicopter money and student loan debt relief, I'm going with helicopter money every time.