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I don't blame student debt wholly for this, the second factor is that public sector jobs are somewhere between 1/2 to 2/3 of a private sector salary. There is a
by xemdetia 8y ago
I don't blame student debt wholly for this, the second factor is that public sector jobs are somewhere between 1/2 to 2/3 of a private sector salary. There is also general hostility to match private sector salary with public funds (for many reasons) and the math just doesn't line up. This forgiveness program makes sense for some of the silliness of government funding and budget allocation but it doesn't make common sense. It also makes sense if salary is lower that you get some benefit for the fact you can't pay down loans aggressively to minimize the impact of interest.
I would also indicate that I feel like it's disingenuous to compare forgiveness programs of bachelors education compared to specialists like lawyers and PhD types where even state schools put you in the 80k+ club.