Quote:
Originally Posted by CliffFletcher
Most student debt is held by people who are in (or will be in) the top 25 per cent of Americans in income. More than half (56 per cent) of all student debt is held by the 14 per cent of Americans who went to graduate school.
https://educationdata.org/student-lo...y-income-level
Targeting forgiveness at working-class students who have moderate loans (as most do) seems fairer than spending 10s of billions from the public purse to compensate veterinarians, lawyers, and professors for tuition that vaulted them into the top earnings brackets.
Unless the intent is to buy off upper-middle-class voters in the same way making mortgage interest tax-deductible buys them off. But that seems an odd approach for people who champion a more egalitarian society. |
Honest question, why should student debt be paid off by the government if the students did not go to a state-funded school? Choosing to go to a private liberal arts college that costs 45k/year versus 19k/year public university, I have trouble sympathizing for. Especially when you end up with the same bachelor degree. Should the government always provide loan forgiveness, especially for future students, knowing that the ‘system’ hasn’t been changed to lower tutition costs? If the system hasn’t changed, then it sounds like a waste of money, at least to me.