Reply to Will the $10-20K student debt relief happen? Not interested in whether you think it should.

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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]It will just be paused indefinitely[/quote]

This. Neither political party will have the political capital to reinstate student loan repayments when it risks angering millions of Millennials, GenZ, and MC boomers/GenX that took out parent plus loans for their kids. Offering $10k forgiveness is a win for democrats as it would actually help a lot of poor student loan borrowers but R's frame it as only benefitting doctors/lawyers (in fact, $10k is worthless for anyone with 6 figures in debt and most would likely not bother to even apply unless on 10 year standard repayment). This election cycle the R's self destructed with Roe and next up they will bungle student loans.[/quote]

Most doctors and lawyers won't qualify. Maybe someone in residency (who isn't married or is married to someone with a similar salary), but that's it. For high income professions with MBAs/JDs/MDs it's only benefitting the individuals who got out of school a few years ago and were early enough in their careers in 2020 and 2021 that they were making under $120K. If it were retroactive it would be one thing but the way it's being implemented there really aren't any high earners who are benefitting. [/quote]

This. But I agree with pp that payments will just be postponed indefinitely. I don't think Biden has the political will to reinstate them (nothing like kicking off a reelection bid by admitting you can't fulfill a campaign promise and sending out bills for the first time in years). Maybe the next guy, but buy then it will by 5+ years without payments and will result in even more of a backlash. I think we've backed into an entitlement in a way that no one really foresaw or wanted. [/quote]

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