3 ms·

If you borrow 100k graduate, earn 400k and pay off your loan in a year you wont be benefitting from this. Its those taking 90k in loans and only earning 36k tha

If you borrow 100k graduate, earn 400k and pay off your loan in a year you wont be benefitting from this. Its those taking 90k in loans and only earning 36k that's the problem as I see it. All that said I'm not from the US, so didn't expect fees to vary so much. (do they?)

kasey_junk 7y ago
The first is a common doctor situation in the USA. The second is a common paralegal. Both were taken from people I know. The interest rate environment right now means that many of my high earner friends are not in a hurry to pay more than the minimum on their loans. Debt forgiveness for them will be a straight cash infusion against their net worth. No idea what the percentage of each is.