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In reply to the discussion: Should student loans be forgiven? [View all]Johnny2X2X
(19,254 posts)25. I voted something else
First, interest free, you pay back what you borrowed, but not a dime in interest. No one should be making money off interest on student loans.
Second, the PAYE (Pay As You Earn) options are being updated, here's what's proposed. Taking it from 10% of your income to 5%. Taking the adjustment for living expenses from 1.5 times poverty income to 2 times poverty income. Total forgiveness after 20 years of making payments for undergrad loans, 25 years for grad loans. These are already rules that are about to be implemented. And they'll make enrollment in PAYE automatic.
If they can't get those things done, then maybe just full forgiveness should happen, the debt is not tenable for people, adding it to the US debt is a better option.
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I still have student loan debt and would happy with that. It's the interest that's the problem.
Luciferous
Apr 2022
#11
That would be my choice. My opinion is that if student debt is wiped out then so is the ability to
Demsrule86
Apr 2022
#22
I'm serious. There are a lot of students in college now who will graduate before the 2024 election.
marie999
Apr 2022
#35
He should cancel the $10,000 that he campaigned about during the election. Nt
helpisontheway
Apr 2022
#29
Calculate in today's dollars the difference between what someone would have spent
meadowlander
Apr 2022
#36
Promise now to work on further student loan forgiveness if we keep Congress in 2022...
gulliver
Apr 2022
#39