It appears President Biden will waive $10K in student debt (with an income test)

[mtmind]

@hebegebe

All the more reason that the costs be correctly calculated and presented

I’m all for correctly calculating costs and benefits. But your suggestion - applying GAAP - drastically distorts the calculation because it accounts for the costs (defaults) but not the benefits (a more skilled and educated populace, increased productivity and social mobility, etc.)