Republican voters are going to be surprised to see politicians are allowed to display for you shirt instead of always kissing the President’s ass.My husband signed away 8 years of his life to the US army so they would pay for his school. He volunteered for a 12 month deployment to pay off the remaining student debt he had. That year while he was gone he lost his best friend and his father. It would be a massive slap in the face for others to have their debt erased for free.
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It’s the insane interest rates lingering on older loans that leave people trapped for the rest of their lives. Sure they can refinance now but then they will be at the mercy of private lenders who will end up absolutely owning them during times like 08 recession or covid when they’re likely to miss payments.Why should irresponsible people be given money? What about those who chose not to go to school because they were responsible? Why should they have to pay for other people’s lack of personal responsibility.Even something as simple as allowing for you shirt to federally refinance their federal loans at the federal rates being offered to new borrowers would be a life line. It’s fucked that an 08 loan is 6.8% interest and 15% of discretionary income for income based repayment for 25 years while a current one is 2.x% and 10 of discretionary income for 20 years.