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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]It's a tradeoff. A college grad can spend ten years or more paying off their loans - that's ten years' worth of cash that's not going into the economy. The $50K payoff is chump change compared to what the person would contribute when freed of crushing debt.[/quote] +1. Important to note the avg former student has nowhere near $50K. Out of 45 million borrowers, I believe 12 million have less than $10K outstanding, 20 million have less than $20K -- [b]50% never graduate[/b], they go for a few semesters and stop. Avg [b]public university[/b] undergrad [b]graduate[/b] finishes college with over $32,000 in loans.[/quote]
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