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Ridiculous.
Spend more, fight inflation; quite the strategy.
No matter your politics. If you paid for your College, someone else’s, or couldn’t afford to go to college and this does not piss you off you are not thinking very clearly
BINGO, Paul A; spot-on.
I feel the same way about social security…. it should be shutoff for anyone 55+ at this time so we can reserve more money for me when I need it in 30 years.
+100
Bob – I retired at 35 – maybe you should have worked harder and you would not have the spare time to complain on forums all day every day…
I’d rather help out those that are drowning in college debt than giving $2 trillion tax cuts to the top 1% or giving bailouts the the banks, airlines and oil companies. Also the rich benefited greatly from the PPP money forgiven.
I agree with Mark’s comment. My concern is how much will this affect inflation?… I’m reading mixed theories on it but surely its not going to help curb inflation which is already killing the stock market.
Ask these drowning students how they spent the loan proceeds, what their degree is and the type of job they have.
Mark B you are bringing in a total different discussion. The real question to me is should someone who decided to borrow money have it repaid by the tax payers? It’s about personal responsibility to me.
Wonder how many that have college debt have considered modifying their budgets to eliminate non essential items in order to not be drowning?
If they move forward with this they should require that anyone who gets the money to attend a financial literacy course and produce a detailed budget showing all of the income and expenses.
Neoliberals are always upset when they are not the beneficiaries of government largesse.
This is so stupid!