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Effort and money needs to go into solving the problem at the source (expensive education, easy loans for low-ROI degrees). Throwing money at people who already
by PragmaticPulp 5y ago
Effort and money needs to go into solving the problem at the source (expensive education, easy loans for low-ROI degrees). Throwing money at people who already received degrees does absolutely nothing for the next generation of students. Might even make it worse, because now they're competing with slightly older peers who were lucky enough to get their debt paid off.
Paying off people's college debt is also highly regressive. Why give $50-100K or more to people with college degrees, but nothing at all to people who didn't go to college? Doesn't make sense.
- toomuchtodo 5y agoWhat if we met in the middle? We can accept that the root cause needs to be fixed, but we could also halt interest accumulation and penalties on the outstanding balances due while payments are still made. We can extend and pretend mortgage backed securities but not student loan debt?
- PragmaticPulp 5y ago> but we could also halt interest accumulation and penalties on the outstanding balances due while payments are still made. I'd be in favor of low interest rate consolidation programs. But let's be clear: That's still far, far cheaper than just paying off everyone's student debt from taxpayer money.
- deleted 5y ago[deleted]