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I don't' understand this one.
No, it is a net negative for the majority of society that have paid back their loans or did not take one out to begin with.student loan forgiveness is a net positive for society
Student loan forgiveness is a net positive for everyoneNo, it is a net negative for the majority of society that have paid back their loans or did not take one out to begin with.
Should the fees and interest rates of these loans be revised to make them more favorable to the person who has student loan debt? Yes. Forgiven? No.
How is it a net positive for the person that did not take out a student loan and is now on the hook to cover these forgiven loans? The plumber making $$$ without going to college is now responsible to cover this forgiveness. How is that a net positive for that person?Student loan forgiveness is a net positive for everyone
More people can afford to pay the plumber now?How is it a net positive for the person that did not take out a student loan and is now on the hook to cover these forgiven loans? The plumber making $$$ without going to college is now responsible to cover this forgiveness. How is that a net positive for that person?
Student loan forgiveness is straight up pandering for votes. Nothing more, nothing less.
This forgiveness will be taking money away from the middle class in the form of higher taxes. The extra $100 - $400/mo. they will have each month for not honoring their commitment will be wasted on Starbucks, bad tattoos and hard cider.More people can afford to pay the plumber now?
Not saying you're entirely wrong but more money circulating among the middle class is a good thing. Trickle down is bullshit but lateral flow works extremely well.
Yeah, I kind of lose the track when our government is paying them off via taxes. That's bullshit - I'd rather say to the banks/lenders to eat the loans or as you suggested, restructure. Maybe apply paid (high) interest towards remaining balance too.This forgiveness will be taking money away from the middle class in the form of higher taxes. The extra $100 - $400/mo. they will have each month for not honoring their commitment will be wasted on Starbucks, bad tattoos and hard cider.
Restructure the loans but do not forgive them.