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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][quote=Anonymous][quote=Anonymous]You punish every responsible borrower who paid off their own loans. Someone explain to me how this isn't the ultimate moral hazard. Why not include a 10-year look-back period with phased deductions for student debt already paid off in the past?[/quote] Maybe have a start date, like Fall 2025, so everyone is on the same page going forward, and colleges can adjust their admissions calculations accordingly?[/quote] Wouldn't that just incentivize every single eligible American to rack up $50k in student debt (regardless of whether there's much value to it) by Fall 2025?[/quote]
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