DennyT wrote:
These are only”federal”‘student loans . If forgive at $10,000 level that will be $240 billion- far less than even one years annual deficit.
It gets added to the national debt. Which may or probably will
Never be paid by any tax payer.
I would like to see some action against the schools that keep steering students to getting loans.
Any economist will tell us that it is in our nation's best interest to reduce the national debt. To not reduce it means the treasury will have to print more money which will fuel more inflation. I agree that schools need to do a better job of controlling their aggressive loan promotion.