Re:Soaring Student Debt Prompts Calls for Relief
by n72 on Wednesday September 14, 2016 @05:23PM
(#12501314)
Okay, yes, but then everyone else is paying that too. I.e. as a society we're all chipping in to create a good. The fact is, the forgiveness of student loans is overall a good thing. Because of timing you didn't get to participate in that good thing. Should that make you pissed? In other words, if you had veto power over the loans being forgiven would do so since you had pay marginally higher taxes?
Re:Soaring Student Debt Prompts Calls for Relief
by r_smart on Tuesday September 13, 2016 @03:29PM
(#12491435)
Honestly, based on the interest rates, and their comparison to the market rates on other things, I assume we're already having to do that. I know a lot of people that choose to just not pay their loans, then people who do pay them get higher rates to cover that.
Actually, probably not. That's part of it, but if student loan debts are forgiven, the banks aren't going to eat all of that cost - the government is going to step in and help recoup some of that cost. So not only did I have to pay for my own college education, I'll be taxed to help pay for thousands of others, as well.