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How Restarting Student Loan Payments Could Change Millions of Lives — And The Economy
(fivethirtyeight.com)
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this post was submitted on 29 Aug 2023
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My argument is two fold.
The loan that were taken were a choice. It's all in black and white what the loan consists of. If you choose to take one, it's your responsibility alone to repay. If your degree is in underwater basket weaving ..still your responsibility.
It is statistically proven that educated people earn more than uneducated. Because of this, as their income grows, they can afford to pay back the loans they choose to take.
If someone opted to take out a loan they can't pay back that is their poor judgement, and not the responsibility of society to care for them. They literally signed a document of their own free will. It's the same for everyone, educated and uneducated alike.
Your argument is that they are both too rich to deserve forgiveness, but also only have themselves to blame for being too poor to pay back their loan.
I guess I would say that only a reactionary would argue the complete truth of both at once. Ironically, if the people in debt were the truly rich as you 50% claim to believe, they would have gotten their way, and you likely would have supported it.
It's odd to me, when a landlord takes out a loan to buy another property, hypothetical future income is not barring him from having those loans written off, and nothing in your history here that I can find suggests you believe landlords should be put into the same situation as student loan repayers.
If people with student loans were as rich as your claim, the fiscal policy would already be set up to benefit them, but the fact that your argument hinges on denying them the very benefits you allow rich people to have in our system I think pretty effectively shows you don't actually believe this, are merely just a reactionary.