General Discussion
In reply to the discussion: Hot damn: Biden rolls out Medicare and student debt proposals [View all]LisaM
(29,464 posts)I was one of those for many years. It's harder to foot all your bills by yourself, no matter how small a space you're in - even in a little studio I had for a few years, I needed to pay all my own bills, rent, food, electricity, phone, etc. And not all people are single by choice! (Though maybe you are speaking of people who have dependents).
It took me a long time to pay off my student loans because I had low paying jobs for a long time. Now, I didn't expect to monetize my degree - I went to college for an education, not to become rich - but even my at the time mid-size loan was a burden to pay off and I really do sympathize. But as a taxpayer funding state institutions, my inclination would be that I'd prefer to fund education for health care workers and teachers, not someone whose goal is to be a hedge fund manager for example.
It's complicated, no doubt about it. I really don't like all the usurious interest piled on - it seems to me that by knocking a lot of the interest and penalties off the top, we'd be getting somewhere.