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Topic	Rand Paul introduces genius bill to solve student debt crisis: pay it w/ 401k!
Unknown5uspect 12/05/19 1:36:51 PM #23:	Sackgurl posted... would you pay for 3-6% interest debt using assets you invested that should be yielding 6-9% on average, possibly pulling it out of those assets at the wrong times and locking in losses? the criticism seems to be "this is not an effective solution" Not effective is an understatement. It does nothing to address the actual problem. People with student loan debt aren't paying into 401k plans. Most probably don't even have 401k plans. And your parents can help, but if they had robust 401k plans, then you're probably not taking out student loans. <cite>Unknown5uspect posted [p:931146036] in Rand Paul ... [t:78228952]...</cite> <quote>Sackgurl posted... </cite> <quote>would you pay for 3-6% interest debt using assets you invested that should be yielding 6-9% on average, possibly pulling it out of those assets at the wrong times and locking in losses? the criticism seems to be "this is not an effective solution"</quote>Not effective is an understatement. It does nothing to address the actual problem. People with student loan debt aren't paying into 401k plans. Most probably don't even have 401k plans. And your parents can help, but if they had robust 401k plans, then you're probably not taking out student loans. </quote> ... Copied to Clipboard!
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