Most student loan debt is private to boot. Only thing they could cancel is the federal debt. The federal cap is 53k. So jenny would still have like 350k in debt to pay off.
but we also need to kill off taxpayer backing of shit tier student loans, or we're not actually stopping the problem. it's like bailing a boat that has a giant crack down the middle.
They might wait until the midterms, then just say "ooopsie sorry" when it has 0 chance of passing with the new Senate and House having republican majorities.
Most student loan debt is private to boot. Only thing they could cancel is the federal debt. The federal cap is 53k. So jenny would still have like 350k in debt to pay off.
Eliminate all federal endowments and use the "profit" to pay for the forgiven loans.
edit: u/acp_k2win beat me to it
I'll accept the cancellation if any university that made money through federal loans is liquidated and all records destroyed.
this. want to keep your degree? you pay for it.
but we also need to kill off taxpayer backing of shit tier student loans, or we're not actually stopping the problem. it's like bailing a boat that has a giant crack down the middle.
This seems reasonable to me.
They might wait until the midterms, then just say "ooopsie sorry" when it has 0 chance of passing with the new Senate and House having republican majorities.
I would support "cancelling" it...as a result of demolishing all the major banks.