Right, I paid off a balance of 260k dollars in student loans. Former classmates, who make exactly the same amount of money, who instead used their salaries to buy a house get a windfall?

How is that good policy?

Our current system already allows for cancellation for low income individuals.

This is subsidy for the upper half of the middle class.

I couldn't agree more. I'm in the same bucket. My wife and I worked hard, scrimped and saved, lived way below our means, and paid off our student debt ~15 years early.

But now people want us to have to pay everyone else's debt too, through our taxes?

The only way this could possibly be fair is if they offer some kind of credit for loans already paid.

That's still not fair. Let's say I worked two jobs to put myself through college. I only could attend half time, so it took me eight years. I'm going to pay taxes to subsidize those who took out loans? How is that fair?

Or, I never went to college. I just started working right after high school. I make less than those who went to college. I'm going to pay taxes for this? How is that fair?

Great points, I agree. I worked through undergrad and lived at home myself, so really I should have thought of that.

> Those soon-to-be students who have to pay high tuition, also lose.

There's a significant number who would not afford tuition and not apply. Universities would lose a lot students unless they changed fees significantly.

If it's a proper reset on the debts, we can't expect everything to continue working as before.