3 ms·

this is definitely not true

• cdot2 5y ago
  Maybe not strictly doctors and lawyers but if you have a college degree then you statistically make more money than if you didnt. Why send money to those people and not to the people who make less money?
• PragmaticPulp 5y ago
  Over 80% of students have less than $30K of debt. The highest debt loads obviously go to expensive graduate degrees like lawyers and doctors. Medical school is vastly more expensive than a regular college degree. That's why none of the proposals would actually wipe all student debt. Plans to pay off the first $10K of debt and such would be far more equitable than just paying off everyone's debt. The latter would vastly benefit graduate degree holders, a cohort which has the highest earnings and lowest unemployment. Would be terribly dumb to do that.
• changoplatanero 5y ago
  > Accounting correctly for both human capital and effect of subsidies in student lending plans, almost a third of all student debt is owed by the wealthiest 20 percent of households and only 8 percent by the bottom 20 percent. Across-the-board student loan forgiveness is regressive measured by income, family affluence, educational attainment—and also wealth. https://marginalrevolution.com/marginalrevolution/2022/01/student-loan-forgiveness-is-regressive.html https://marginalrevolution.com/marginalrevolution/2022/01/st...