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Reply to "Canceling $10k of student loan debt is stupid."
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[quote=Anonymous][quote=Anonymous]- It only benefits those making under $125K meaning a lot of middle class people in the DMV are left out - $10K is usually a pretty small amount of the total debt people have especially in this area - in addition to a lot of middle class liberal people in this area not getting any student debt relief they will also get an even higher cost of living coming up and no wage increase. It makes me happy. [/quote] +1. And the $125K figure doesn't align with current tax provisions that say if you make under $70K you can write the student loan interest you pay off on your taxes. It feels so arbitrary. Why is $70K the celling with taxes? Why is $125K the ceiling now? Why aren't interest rates be lowered on college and grad student loans across the board? College loans capped at 2% and grad loans capped at 4%? Such a waste.[/quote]
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