I see this a lot. The loan payoff would Official Trump You’re Fired President Biden Vintage Retro Shirt still benefit those who don’t have loans. As an entire generation of people that are drowning in debt suddenly have disposable income, it will greatly improve the economy. More people can buy a property and have more money for the items they want. So this leads to more business demand. My concern with this is fairness. What happens for those who served in the military to receive their educational benefit? But loan forgiveness, IMO, just takes away the time, dedication, and support to our country the military member served to receive such benefit.
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Most of you will likely get some relief from the length and terms of your student loans. But you are not likely to get some magical 100% forgiveness. Many of you took on unnecessary debt to live the “college experience” that you or your family couldn’t afford. And this was completely optional Official Trump You’ve Fired President Biden Vintage Retro Shirts debt many of you took on for selfish reasons. This particular policy is a pretty regressive solution, meaning it doesn’t do a ton to help the poorest, who don’t go to college, and may help a lot of pretty rich people who are just carrying student loan debt because it is low interest for them or something. I’d be for some type of means-based.
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