Writing Society

I don’t think student loans should be forgiven

Originally shared on Facebook

I don’t think student loans should be forgiven. But I do think there are some common sense reforms which would be easy to implement:, Bankruptcy: Did you know student loans cannot be cleared in bankruptcy? This is an easy publicity win for politicians trying to improve the student loan system. (Side note: then Senator Joe Biden voted for this bill back in 2005.), Interest: Remove interest expenses on the loans. Not only does the government make it difficult to remove loans, they make it hard to repay them. Some people owe more in interest than the actual amount they borrowed.

These two changes would be a huge leap forward for those struggling to exist in a world where they have mortgage-sized payments for an education which is probably already out-dated and unnecessary.