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Reply to "Sen. Chuck Schumer and Sen. Liz Warren just proposed forgiving $50,000 in student debt"
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[quote=Anonymous]I read the resolution and it says “all borrowers,” which means this is more-so a giveaway to professional class — lawyers, doctors, dentists, teachers, and MBAs — than it is to poor and low middle income borrowers with community college and undergraduate university debt. The average undergraduate alum owes nowhere near $50,000 in fed loans, but nearly every JD, MD, dentist, etc. has $50,000+ in loans. Including those post-bachelor’s borrowers also at least doubles the price tag of this cancellation.[/quote]
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