SDG wrote:
Yes, Yes and Yes. This is one of the main reasons I voted for Biden and Kamala and expect them to follow through. At a minimum, state school should be free and federal student loans paid off. Having kids come out of school 100K in debt is ridiculous and only leads to more wealth inequality when a kid foregoes school because he can't afford it.All this "unfair to me," crap that people cannot seem to look past is just silly. You don't view policy from that lens, even when it is politically expedient.
But here is the issue: Rampant lending and unfettered access to capital is the reason that costs have sky-rocketed. This isn't debatable. An increase in the supply of money always INFALTES the cost of something. Forgiving student loan debt will only add to this problem.
I *think* I would be okay with the government paying student loan payments for 6 months as we work our way through this economic catastrophe.
I've said this many times: eliminate the bankruptcy exemption from student loan debt. ANy policy discussion starts there.