I don't imagine the US will forgive any amount of student loans. It's obviously only near the table when Dems are in power, which they won't be for much longer and then for a while afterwards. There's a big focus on "fairness" in public handouts in the US, warranted or not, and forgiving debt for people who have it at some point in time ignores people who did repay it. I don't see how politicians square the circle with the domestic constituency, people will go apeshit if someone's loans are forgiven and someone else just finished paying it off while forgoing x,y,z to do so. There will be 10.000 media accounts of such unfairness aimed at turning every Gen X and older millennial who did pay off their student loans away from such radical leftism...
Put me in the camp of people who opted not to go to school because of the costs, I absolutely do not regret that as I've been doing the work-from-home multiple-jobs scam for the whole pandemic but I'll always wonder what could have been.
the great compromise^tm will be when Biden forgives $500 of student loan debt (for qualifying individuals who have worked in the proper 1-3% of the public jobs sector making below 3.93 cents an hour) and then be like "wtf you ungrateful bernie bros, we already tried debt forgiveness!"
I don't imagine the US will forgive any amount of student loans. It's obviously only near the table when Dems are in power, which they won't be for much longer and then for a while afterwards. There's a big focus on "fairness" in public handouts in the US, warranted or not, and forgiving debt for people who have it at some point in time ignores people who did repay it. I don't see how politicians square the circle with the domestic constituency, people will go apeshit if someone's loans are forgiven and someone else just finished paying it off while forgoing x,y,z to do so. There will be 10.000 media accounts of such unfairness aimed at turning every Gen X and older millennial who did pay off their student loans away from such radical leftism...
Put me in the camp of people who opted not to go to school because of the costs, I absolutely do not regret that as I've been doing the work-from-home multiple-jobs scam for the whole pandemic but I'll always wonder what could have been.
the great compromise^tm will be when Biden forgives $500 of student loan debt (for qualifying individuals who have worked in the proper 1-3% of the public jobs sector making below 3.93 cents an hour) and then be like "wtf you ungrateful bernie bros, we already tried debt forgiveness!"
Some genius is going to come along and be like... ok we'll pay back what you paid up to 50k. Sound good?