Be careful about student loan forgiveness.

Gene Czarnecki makes good points about resisting student loan forgiveness.  (See link below to letter in The Register.)  It seems a little known fact that more people default on loans with balances less than $5,000 than larger balances.  This is likely due to the fact that smaller balances are due from students who did not complete their degrees while larger balances are due from students who completed post-graduate degrees like medicine and law and who have the ability to pay off their loans.  So, if our government does anything to forgive student loans, we should consider forgiving only the first $5,000 rather than larger amounts.

Link to letter:  https://www.desmoinesregister.com/story/opinion/readers/2020/11/23/letters-news-media-must-suppress-false-covid-19-beliefs/6346641002/

Please Comment Here

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s