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Reply to "Canceling $10k of student loan debt is stupid."
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[quote=Anonymous]I think the real problem is disinvestment in funding for state higher ed-in my state a very low-income and high academic achieving student will need to take full sub and unsub loans + cover about a 10K a year gap between fin aid and cost of attendance. So a top student from a family making 25k will owe about 67k at graduation (not counting any accrued interest). My state also needs significantly more workers with some college or a degree than we have. All that said, this plan is better than I was expecting. I like the bump for Pell recipients and there are some positive changes that reduce monthly payment amounts for people on income based repayment plans as well as support for covering interest. [/quote]
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