None. TBH, I would prefer a lower income threshold. Those are not incomes that make me think of people struggling financially. I would support it in the absence of anything better, but I do think if there is to be an income cap, it should be lower. Maybe a bit higher amount forgiven & a lower income cap. I think that would have more real impact.
Truthfully, although I am not opposed to forgiveness, I think that there are some other helpful things that could be done: lowering interest rates, fixing consolidation so that it doesn’t make the loan balloon to a gargantuan amount, getting rid of interest capitalization that occurs for numerous reasons (most of which borrowers aren’t aware of and/or don’t understand), forgiving the balance after a certain number of years once the underlying loan is repaid. There are groups that have studied various methods to assist borrowers, but I am not seeing anything other than blanket forgiveness being widely discussed.
But what we really need is to fix the system that contributed to our current mess. Loan origination fees need to go, interest rates should be lowered, loan servicers should give correct information, repayment plans should be streamlined, grants for low income families should be increased. In addition, methods of lowering costs to students should take on true urgency … not just colleges lowering tuition … states, community organizations, corporations, folks with financial means should do what they can to help figure out how to make college more affordable going forward. It does positively affect our society to do so.