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Student loan forgiveness: is it viable?
In the last week or so, two politicians running for POTUS have outlined different student debt forgiveness programs (will not name them because I do not want to be banned). I believe that the student debt crisis is a serious problem but I am really opposed to blanket loan "jubilees" for a variety of reasons. For one thing, people who scrimped and saved to pay off their loans are punished for trying to do the right thing. For another, the loan "jubilee" (automatic cancellation of loans as a one-time deal) does not address the underlying cost issues of higher ed. I'm curious what people think of student loan forgiveness. Pros? Cons?2 replies
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