Opinion: Student loan... [View all]

[Septua]

..relief is a bad idea all the way around.

#1...Repugs are already labeling it as a socialistic move, giving the debtors a free ride at the expense of the rest of us.

#2...It will be (maybe is) viewed as a political ploy to get student debtors vote....

#3...It may well result in lost votes for Dems.

#4...People need to take responsibility for their debts.

As I read the summary, the relief will apply to earners making less than $125K...which would suggests someone making $110K can't afford the monthly payment ($400. ). Gimme' a break.

Sure, there are exceptions but if the Government wants to help someone out, renegotiate the loan at zero interest or give them 10 additional years to pay off the balance.

I await the criticism...

https://thecollegeinvestor.com/33643/average-student-loan-monthly-payment/#:~:text=Median%20student%20loan%20debt%3A%20%2419%2C281,with%20growing%20loan%20balances%3A%2047.5%25