Quote:
Originally Posted by vft1008
There needs to be a middle ground. Maybe blanket forgiveness is not the best approach, but additional aid for future students and conditional full or partial forgiveness for existing debt depending on certain qualifications (major, final GPA, currently employed or not, etc.) may be better.
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agreed.
https://www.youtube.com/watch?v=NXHwelwmQPA this depicts the situation very clearly.
Blanket forgiveness is not economically viable and will have very bad precedent.
Okay, we forgive those today, what about 5 years from now? I think we have to solve the root cause which is most college degrees are "useless" and going to private schools for a degree that doesn't necessarily pay for itself is just bad education.
I think $10,000 forgiveness is fine. $50,000 is too much.
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