Reply to Sen. Chuck Schumer and Sen. Liz Warren just proposed forgiving $50,000 in student debt

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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]If you paid your loans you don't need loan relief. I don't have children, so I dont get a tax deduction or childcare benefits. Should I be stomping around about how it's not fair, and that someone should pay me something for these benefits I don't need?[/quote]

A lot of minorities actually don't pursue 4 year schools because they are afraid of the debt and they know their families can't help them.  They opt for the cheapest options available instead.  While mostly white and asian middle class kids attend the 4 year schools and take on debt but feel more confident in their safety nets.  While this proposal sounds very positive, it may actually be regressive and borderline racist.  I would want to dig carefully into the matriculation and debt data on this one.[/quote]

The actual data doesn't support your claims (https://www.urban.org/sites/default/files/publication/82896/2000876-Racial-and-Ethnic-Differences-in-Family-Student-Loan-Debt.pdf) A higher percentage of Blacks borrow for college than whites and they have higher average debt amounts.[/quote]

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