Reply to Student loan forgiveness has made me even more distant from my father

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[quote=Anonymous][quote=Anonymous][quote=Anonymous]From a political perspective, the loan forgiveness issue presents a minefield for the GOP. Many reputable and non-partisan economists forecast a serious recession in FY23 second and third quarters, resulting in serious layoffs, especially younger and less experienced workers, the demographic most likely to hold student loans. As realized in the recent midterms, young people vote. The GOP House hard line against no student loan forgiveness will damage them politically.

To a great extent President Biden has effectively reduced federally subsidized student loan balances through Department of Education regulatory capture. True, the President lacks authority to simply forgive the debt, yet he has the authority through the DOE to restructure the repayment formulas to minimize the repayment, basing repayment on earnings rather than debt amount and establishing a short repayment time requirement.
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Actually it's not a partisan issue.  I am not a Trumper or even a moderate, but I am against the student loan forgiveness, as are 76% of people of both party affiliations.  NOTHING IS FREE.  Why should I have paid all my loans off and you didn't?  Sorry, there is no way you can cherry pick this issue.  [/quote]

You’re right, nothing is free. That’s why the absolute greed and borderline illegal lending practices of the last 20 years are now being offset with the forgiveness. If people were smarter they would realize that there should be multiple massive class action lawsuits, but unfortunately you can’t sue the government that did a reprehensible bait and switch scam on so many lenders.[/quote]

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