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It might not have been before, though. Maybe two people graduated at the same time. One person lived it up, making the minimum loan payment so they could afford
by dehrmann 5y ago
It might not have been before, though. Maybe two people graduated at the same time. One person lived it up, making the minimum loan payment so they could afford to eat out, go on vacations, etc. The other person was "responsible" and paid off the loans early. Now the government is effectively rewarding less responsible behavior.
- nr2x 5y agoOr the US government is taxing the poor kid who worked at a non-profit more, relative to his wealthy classmate who graduated debt free and landed a job at his dad's hedge fund.
- Retric 5y agoStudent loan forgiveness in bankruptcy is hardly free. There would be a huge advantage to having paid back the loan. Which is why I think forgiveness should be an option ~7 years after leaving school. You still have to convince a bankruptcy judge that you can’t pay but wrecking your finances at 30+ would discourage most from going down that path.
- noitpmeder 5y agoIs this what is being discussed? My limited view of the debate made it seem like this was more of a 1-time blanket loan forgiveness than something only enabled through bankruptcy.
- Retric 5y agoIt’s part of the spectrum, various people are talking about various ideas and implementations.
- meatsauce 5y ago