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It’s amazing how so many people can’t even form a basic rational thought about this.
lmao at 321B.
Erasing $10,000 per borrower would require the government to cancel about $321 billion in federally backed loans, according to an analysis published by the Federal Reserve Bank of New York last week. That would benefit about 11.8 million borrowers, or roughly 31.1%, and cancel 30.5% of loans delinquent or in default prior to pandemic forbearance.
“The plan may also disproportionately benefit wealthy Americans, according to an analysis by the University of Chicago’s Becker Friedman Institute for Economics. The study showed that erasing all student loan debt would distribute $192 billion to the top 20% of earners in the U.S., but just $29 billion to the bottom 20% of U.S. households.”
All that money going to people who can already live life with a student loan debt just fine.
All the past loans paid off by hard working responsible people should be paid back then too. Wouldn’t be surprised if they only cancel black student loan debt.
lmao at 321B.
Erasing $10,000 per borrower would require the government to cancel about $321 billion in federally backed loans, according to an analysis published by the Federal Reserve Bank of New York last week. That would benefit about 11.8 million borrowers, or roughly 31.1%, and cancel 30.5% of loans delinquent or in default prior to pandemic forbearance.
“The plan may also disproportionately benefit wealthy Americans, according to an analysis by the University of Chicago’s Becker Friedman Institute for Economics. The study showed that erasing all student loan debt would distribute $192 billion to the top 20% of earners in the U.S., but just $29 billion to the bottom 20% of U.S. households.”
All that money going to people who can already live life with a student loan debt just fine.
All the past loans paid off by hard working responsible people should be paid back then too. Wouldn’t be surprised if they only cancel black student loan debt.
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