rad, then in two years we're right back where we started except they'll bitch and moan that it happened in the first place and any sort of conversation towards total debt relief is gone forever
Presumably because more new students will be taking on debt and those who had much more than $10k outstanding during the cancellation will still have years of payments ahead of them. "Right back where we started" is hyperbolic, but unless something is done about the amount of debt students are taking on to go to school in the first place, cancellation will only be a temporary fix. Still not an excuse not to do it though
also like, as we've seen from the pandemic relief, if workers get any handout it's a once in a generation thing that will be the excuse for extreme austerity. If it isn't all the student debt, you can assume they'll jack up rates to high heaven and when compounded with skyrocketing education costs, "right back where we started from" probably isn't strong enough
rad, then in two years we're right back where we started except they'll bitch and moan that it happened in the first place and any sort of conversation towards total debt relief is gone forever
How does 10K debt gone mean we'd be right back where we started in 2 years?
Presumably because more new students will be taking on debt and those who had much more than $10k outstanding during the cancellation will still have years of payments ahead of them. "Right back where we started" is hyperbolic, but unless something is done about the amount of debt students are taking on to go to school in the first place, cancellation will only be a temporary fix. Still not an excuse not to do it though
also like, as we've seen from the pandemic relief, if workers get any handout it's a once in a generation thing that will be the excuse for extreme austerity. If it isn't all the student debt, you can assume they'll jack up rates to high heaven and when compounded with skyrocketing education costs, "right back where we started from" probably isn't strong enough
So for those in the graduate or medical fields it means we get even more fucked...lovely. I hate this fucking country...