2&2 Slider To Leyritz
Well-known member
I'm fine with eliminating student loan debt, provided it isn't phased out for income like the student loan interest deduction. It has always pissed me off that, if you are measuring school success by resulting income level, those who made the "better" choices in school/career path and did really well with those chocies are punished while those who made "worse" choices from an schooling to income perspective get the full benefit. I know that isn't the overall way to evaluate educational choice from either a societal or individual perspective, but tax policy has chosen to link the deduction to income, so that is the proper analysis for purposes of tax policy. The deduction phase out never made any sense to me.
If the theory is that student loan debt is bad and should be cancelled, it should be cancelled for everyone who has it, including those who made the best of the opportunities arising from the debt, and not just those who arguably made the worst choices as they pertain to income level. The guy making $200k from his biochem degree should get the same loan forgiveness benefit as the Italian Lit major working at Starbucks.
My other question is whether this is a one time thing or recurring? Like if one of these clowns appears to have a chance of getting elected, should I stop paying my student loans for a while because they are going away anyway? And how bad would it suck to still be in high school when the kids a few years ahead of you get everything forgiven?
If the theory is that student loan debt is bad and should be cancelled, it should be cancelled for everyone who has it, including those who made the best of the opportunities arising from the debt, and not just those who arguably made the worst choices as they pertain to income level. The guy making $200k from his biochem degree should get the same loan forgiveness benefit as the Italian Lit major working at Starbucks.
My other question is whether this is a one time thing or recurring? Like if one of these clowns appears to have a chance of getting elected, should I stop paying my student loans for a while because they are going away anyway? And how bad would it suck to still be in high school when the kids a few years ahead of you get everything forgiven?