Friday, September 2, 2022

BIDEN'S STUDENT DEBT FORGIVENESS:incentivizes colleges to enroll literally anyone with a pulse and triple the price because no one ever has to pay it

$10,000 of debt forgiveness is the tip of the iceberg.  From now on, student loan repayment will be capped to 5% of discretionary income a tear.  So for $70,000 a year of earned income, you'll pay about $2,000.  And after 10 years of successful payments, they will simply forgive the remaining debt, which incentivizes colleges to enroll literally anyone with a pulse and triple the price because no one ever has to pay it.  At this point, free college would be way better.  We have a really bad system already and they took the worst parts of it and made it 

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