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I understand that one is privileged to some extent to have been able to pay off student debt. But, I can't help but think it could be problematic to cancel all

I understand that one is privileged to some extent to have been able to pay off student debt. But, I can't help but think it could be problematic to cancel all student debt and in effect penalize all those who worked hard to save and pay off their debt. Only a couple years ago it was advantageous to pay off your student debt quickly to avoid interest. Now it seems beneficial to pay the monthly minimum only and hope that the debt gets forgiven by the government at some point... Does any one know if any of the Democratic candidates have talked about this issue?

headcanon 7y ago
Not based on direct evidence, but based on the candidates' rhetoric and Democrats' typical platform goals, I'm thinking they will prioritize forgiveness for low earners, similar to how they limit write-offs for student loan interest payments to incomes below a threshold (I think it was 80k last year? I don't remember). So if you're already in a place to pay it off without struggling, I'm betting your life won't change that much. I'll just be happy to see my loans gone. If I end up paying it off in 5 years and find out it all would have been forgiven regardless, C'est la vie.