2 ms·

Not quite. Where do you think all of this "student loan forgiveness" money is going?

• kibwen 4y ago
  Now I'm interested to see where this is going. The plutocracy do not tend to regularly take out student loans. Federal student loans, the one the federal government has the power to discharge, were paid out of the pockets of taxpayers, where it was then used to fund the beach vacations of university administrators, a decade or two ago. Meanwhile, in the present, the beneficiaries of loan forgiveness are the lower-middle class college-educated who were poor enough to need a loan, rich enough to consider college in the first place, and unlucky enough to not take the one major (computer science) that would allow them to pay back their loan in the modern economy. Say what you will about student loan forgiveness, but at no point is any facet of it an appreciable vector of plutocratic wealth concentration.