The money comes from somewhere.
by EricCartman (2024-02-22 13:38:54)

In reply to: I’m a huge fan of income-based repayment and forgiveness.  posted by kormal

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The government borrows to pay off the loan, so that people can consume stuff.

If this is your position, then you need to justify why a college graduate should receive a subsidy, on top of the subsidies that they have already received (student loan tax deductions, in-state tuition for some).

Only 30% of society graduates from college, and those that do earn roughly $600k - $1.0M more in earnings during their lifetime. Why should 70% of society pay to forgive loans, when the people that took out the loans have an asset that generates a higher level of income vs. a High School diploma?

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