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Is Student Loan Debt Forgiveness a Good Idea?

Monday, January 26, 2015

 going to college to become part of the guys especially for everyone that the government should be able to pay their part time to go the idea of tossed Paris art of forgiving the dead is a gonad principal quiet student loan debt has reason all time high placing a great strain on many young graduates this is led on the proposed debt forgiveness as a way to help the needy wouldn't debt forgiveness of Sheba school I see no for two reasons first of all they would only be temporary solution to help currently in the Edit students it wouldn't change what God does dunes and the dead first place it wouldn't prevent future students from taking out even more debt and it was introduced the pressures caused intuitions to rise second forgetting that doesn't magically make it go away the government meaning taxpayers would be forced to pay it with our Norma's national debt that's pretty hard to justify since college graduates on the whole I wanted to return the
country after all college graduates have higher wages in the lower unemployment rate than the national average tax credits and subsidized loans forgiven the debt of college graduates would be giving money to test already relatively well-off of course many college graduates still struggling to find jobs and pay back their loans but it should have debt forgiveness than other reforms that would give relief to those carrying large amounts of student debt under current law all student loans public and private are non dischargeable this means that unlike all other types of loans borrowers cannot get rid of their student debt through bankruptcy the government will get it back by taking your tax refund denied with benefits and garnishing your paycheck is there no credit checks no underwriting and no collateral as it would be for virtually any other loan approval process students are offered loans to use the funds for a degree with little market value YB cheesy student loans to be discharged in bankruptcy lenders who would then have better incentives to be careful with their loans which would lead to fewer loans for those with higher interest rates this may sound bad for borrowers but it be important for giving bar was the right incentives as well as it take before thinking through the repercussions that have to have a plan for pain in back finally with fewer loans being given out this week have less fuel for tuition increases and fuel greater pressure 2 controller cost student debt forgiveness may be attending idea but it would shift the burden of the tax payers while doing nothing to address the fundamental causes of tuition increases and mounting student debt dischargeable in bankruptcy is a good first step toward reform that would be better now and in the future

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