Biden and the left want to eliminate student loan debt. There has been some backlash. Right now they are considering forgiving up to $10k but previously considered up to $50K.
The inability to include student loan debt in bankruptcy was instituted by George Jr's regime. The declaration includes loans made before that time. Students who took loans prior did not know this would happen.
Student loan payments generally cover only the interest on the debt. When the payments have been made the government will still be on the hook for the remaining debt. In the meantime loan companies are collecting.
Credit scores and therefore buying power of those with these debts is greatly decreased. These people are unable to buy houses, new cars and other items. Releasing them from the debt the government is going to pay anyway should bolster spending and help stimulate the economy.
What do you all think?
If we as a nation really want(ed) to be the "best" would would promote the highest level of education, best quality, for everyone >>> FREE.
But that isn't what "we" are about.
"We" want the American people to be stupid and/or in debt... so they are more easily controlled.