(no subject)

[gunslnger.livejournal.com]

Since the topic of forgiving student loans has been mentioned here a couple times recently, I figured we should get an expert opinion on the issue.

Forgive Student Loans? Worst Idea Ever.

So, can you think of a reasonable rebuttal to one of the 5 reasons not to do it?

ETA: In my opinion, forgiving student loans is a pretty bad idea, for at least the reasons given. If you want to hand out free money, give it to the people who need it first, determined by actual need; don't use an unconnected metric of "went to college" to determine where it should go.

Comments

[paedraggaidin.livejournal.com]

Well, yeah. I'm in the same boat (started college again back in 2005 when things weren't great, but a hell of a lot better than they are now) and facing an uncertain at best job market when I graduate. I don't mean folks like this...when I talk about relief, I mean things to help folks like us, e.g. capping loan repayments at a certain percentage of monthly income (I think 7.5% is reasonable), and I would also support 100% deferment or forbearance upon hitting a certain threshold (say, income drops to below $20,000 a year, or something).