Below are some of them.A growing number of Americans are bringing student loans into their old age. And many of them can't afford the payments.
The move wouldn't be unprecedented. The Swedish government, for example, forgives the loans of all borrowers over the age of 68, and the United Kingdom used to have a similar policy.Others have proposed erasing the loans of people in certain professions where the contribution to society is high as well as the debt burden.
The government would have to shell out around $117 billion to forgive the debt of teachers, which would leave around 3 million people debt-free. Roughly two-thirds of student loan borrowers in the U.S. earn under $100,000 a year. It would cost the government around $938 billion to erase the loans for everyone under that threshold, according to the analysis by Kantrowitz.
This may or may not be the right policy decision, but the middle-class taxpayer is going to foot the bill.
Unbelievable!
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Don’t give out student loans, or don’t take out any loan that you cannot pay back.
Dear friends. I'm very ashamed to address it, but my child's life is at stake. If you can help repost my tweet or donate whoever can, go to my page and read my story. Thank you. Sorry to bother you