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re: Cancelling student loan debt seems like an incredibly unfair policy (re: warren)
Posted on 6/17/19 at 4:06 pm to BulldogXero
Posted on 6/17/19 at 4:06 pm to BulldogXero
as of 1 year ago, there was $1.5 trillion in student loan debt in the U.S. Compensating those who already paid off their loans would probably triple that number. The country's entire budget for this year was $4.4 trillion.
After that, free college for all would probably cost about $100 billion annually. I don't see any way this is a feasible proposal.
After that, free college for all would probably cost about $100 billion annually. I don't see any way this is a feasible proposal.
1
Posted on 6/17/19 at 4:07 pm to cable
quote:
as of 1 year ago, there was $1.5 trillion in student loan debt in the U.S. Compensating those who already paid off their loans would probably triple that number. The country's entire budget for this year was $4.4 trillion. After that, free college for all would probably cost about $100 billion annually. I don't see any way this is a feasible proposal.
I don't advocate either of these things. I don't even know if I support universally wiping away all student loans. I think it should be an owe vs income thing.
This post was edited on 6/17/19 at 4:11 pm
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