Reply to any cons in suspended student loans debt?

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[quote=Anonymous]Yes, a major negative with suspending student loan debt repayment is that when the federal government does not get repaid, they have less money to spend on other programs including lending money to younger students for them to go to college.

While I understand why some want their student loan debt suspended or canceled, the only way that this will have support outside of progressive circles is if you put an income cap on the HHI of the borrowers.  The current median salary in the US is $51.9K.  The current median HHI is $67.5K.  So put a salary cap of $50K annual individual or $65K annual HHI and only individuals or families who fall under those limits would be eligible for student loan suspension or cancelation.  This means that relatively few who live in major cities would be eligible.  The higher COL in those areas mean salaries are typically well above the national average and would exclude them from the benefits.

But, it is very galling for the average American who makes around those figures to see their taxes going to bail out people making more money than they do from paying their debts.[/quote]

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