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re: "Travel enthusiast” is grateful his student loans are forgiven
Posted on 4/14/24 at 10:19 am to Joshjrn
Posted on 4/14/24 at 10:19 am to Joshjrn
quote:
With the mortgage interest deduction, the federal government forgives money you owe to it because you paid money to a private entity for loaning you money for a mortgage. With PSFL, the federal government forgives money you owe to it because you made 120 on time payments while working in specific fields.
Which do you think is more beneficial as a whole to society? Having a middle class of homeowners or encouraging more Government employees and giving them a $100K education to do so only to see them leave and jump to the private sector after 10 years?
This post was edited on 4/14/24 at 10:20 am
1
Posted on 4/14/24 at 10:26 am to stout
quote:
Which do you think is more beneficial as a whole to society? Having a middle class of homeowners or encouraging more Government employees and giving them a $100K education to do so only to see them leave and jump to the private sector after 10 years?
Considering that the mortgage interest tax deduction is below the line, I would argue that it has very little benefit to truly middle class homeowners. As such, I would say they are both about as useful/useless as the other.
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