checkbookdoc
Well-Known Member
There should not be blanket student loan forgiveness. It sets up a bad precedent and makes no economic sense.
What I would 100% support is reforming student loans so that there are subsidies to encourage things that benefit the country, such as: 1) Zero interest loans if you graduate with a STEM degree and work in a related field. 2) Student loan forgiveness or zero interest rate if working in public service (should help government higher better workers at a lower cost). 3) Loan forgiveness programs for under-privileged children (low income, foster care, etc.).
Also, lots of people if placed in the same position would take student loans again because it was worth the cost, they just wish the cost was lower. These are the types of loans that should not be forgiven (e.g., medical students, PhD's, Law school, etc.).
What I would 100% support is reforming student loans so that there are subsidies to encourage things that benefit the country, such as: 1) Zero interest loans if you graduate with a STEM degree and work in a related field. 2) Student loan forgiveness or zero interest rate if working in public service (should help government higher better workers at a lower cost). 3) Loan forgiveness programs for under-privileged children (low income, foster care, etc.).
Also, lots of people if placed in the same position would take student loans again because it was worth the cost, they just wish the cost was lower. These are the types of loans that should not be forgiven (e.g., medical students, PhD's, Law school, etc.).