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[quote=Anonymous][quote]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. [/quote]

This.  The money has to come from somewhere.   And, for those who have not yet noticed, the federal government has a pretty serious debt problem of its own.  We don't have the money to do this even if it were a good idea.

And it isn't a good idea.  Moral hazard, contracts, regressive policy, and all that.  Also, paying back student loans doesn't improve the country in any way--we don't get any more educated people.  It would be better, if we had the money (which we don't), to subsidize the education of future generations.

I do agree that we need to to a better job of educating students who are considering taking out student loans.  I also agree that we should make it easier to discharge said loans in bankruptcy.  But I completely oppose taking money from responsible people to pay off loans for others.[/quote]

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