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Reply to "Canceling $10k of student loan debt is stupid."
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[quote=Anonymous][quote=Anonymous][quote=Anonymous]What if this had been done differently? What if Biden had said… I know you haven’t had to make a payment since March 2020 and interest has not accrued. We are going to resume payments on January 1st, but for 2023 you can make principal only payments to pay down as much as possible through 2023. Loan terms will resume on January 1, 2024. Who would pay as much as they could?[/quote] Interesting idea. The President could have reduced interest rates to 1% on all existing loans in order to encourage and to facilitate paying back loans. The current student loan crisis benefits future students and their families since they are forewarned.[/quote] People would gripe about that too. [/quote]
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