Pristine_Tension8399 t1_jar14br wrote on March 3, 2023 at 1:03 PM

I feel that canceling student loans is not a good play. What happens to kids going to school next year? School isn’t getting cheaper so what happens with their loans? The debt just gets propagated to the next generation. I think making all loans being paid in full at 0% interest is the way to go. This will provide a way forward for future generations and help those currently struggling with their loans. It will put an end to the debt cycle for those people that have paid more than they borrowed but haven’t made a dent on their loans due to interest. This will be unpopular for the far left and the far right, so it’s a reasonable compromise that would most likely pass.

ILearnedSoMuchToday t1_jaruv3t wrote on March 3, 2023 at 4:43 PM

I can agree with that. In the past 10 years, there have been numerous companies that were made to scam people out of their payments, acting as a middle man and never paying the balance. It was corrected but people didn't get their money back and the interest was still climbing for them. Those people are super SOL. At least taking the interest rate out and taking away the interest accrued would provide SO MUCH HELP to those people and others.