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Originally Posted by Jayhawk
Make student loan debt dischargeable in Bankruptcy or cancel interest if you must, but no way should a $10,000 or $20,000 (in Pell Grant cases) LOAN be forgiven. There needs to be accountability. My kids went to state universities and got a great education. NO LOANS. They worked, we worked and saved, and made sacrifices and choices. Too much student loan money goes for beer and pizzas. The responsible people paid back, the others get a free pass.
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Spot on. These handout programs, especially this one is a disincentive for personal responsibility. And as someone here said wealth redistribution. And worse, will be a huge hit for more inflation.
I’ve heard from news sources that many are terribly disappointed that it’s not $50,000 each or a complete payoff. What a joke. Our poor country (literally). Uncle Sam is not only broke, he (WE) owe over $30 Trillion. We’re on the road of Rome. Sad.