re: If one of the Democratic Candidates becomes President, what to do with your money?

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but I'd love the MB's opinion on this (just student loan forgiveness and not free college).

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Not that I support either, but I don't think you can do one without the other. Free college for new students would result in likely riots. Forgiving debt while allowing new students to take on debt will be a moral hazard of a significant nature that will cause tremendous harm.

On a macro level, I understand that loan repayments are squeezing a lot of young adults, preventing them from saving, buying homes, investing, etc. All of which cause some greater than zero level of harm to some sectors of our economy.

I think the current income-based repayment plans need to be expanded. I could also see an option in which the loans can be discharged - or at least amended - in bankruptcy. There would have to be some pretty tight rules on that to prevent fraud, though.