Two conservative groups are asking a federal court to block the Biden administration’s plan to cancel $39 billion in student loans for more than 800,000 borrowers.
The student loan interest rates are exuberant, while I support the nullification of times past, I’d also like to see the core issue being taken care of
Here’s one thing I don’t understand: does loan cancellation consist of the government paying off the loan, or is it a legal nullification of somebody’s loan? If it’s the former, I get economic concerns. If it’s the latter, then I really don’t see arguments against loan cancellation as very credible.
The student loan interest rates are exuberant, while I support the nullification of times past, I’d also like to see the core issue being taken care of
Yes, let’s do both.
Here’s one thing I don’t understand: does loan cancellation consist of the government paying off the loan, or is it a legal nullification of somebody’s loan? If it’s the former, I get economic concerns. If it’s the latter, then I really don’t see arguments against loan cancellation as very credible.
It’s cancellation of the loans. They’re government loans being forgiven, not private loans paid back by the government.
Yeah, I’d like to focus on stopping the bleeding before mopping up blood. I don’t know what the message is here for future generations.