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| Topic | Politics Containment Topic 379: Kabulshit |
| red sox 777 10/08/21 2:01:41 PM #292: | DoomTheGyarados posted... I feel like Biden is being sneaky smart about the student loan debt thing lol. By the time we look at it again in 2024 maybe we can have gotten a lot more wiped out. I mean, if he wants to just keep deferring it, that's as good as wiping it out. The WWI debt many countries owe the USA has been on deferral for 88 years. Student loans won't last that long because they'll be wiped out before that either by the operation of the income-based repayment programs which have a time length in the 20 year area or by the death of the debtor, which is generally written into the contract (i.e. one's estate generally does not have to pay back student loans IIRC). I think perpetual deferral is actually (much) better than forgiveness because it doesn't create nearly as much of an incentive for colleges to raise tuitions. Students and parents will still be uncomfortable about taking out vast student loans, limiting how much colleges can get away with charging. --- September 1, 2003; November 4, 2007; September 2, 2013 Congratulations to DP Oblivion in the Guru Contest! ... Copied to Clipboard! |
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