'The fabric of America is being destroyed.' Why this ex-Trump official says student debt needs to be cancelled

. "I wanted to take this opportunity to amplify the issue," Johnson said.

Those methods include allowing students to postpone their payments with so-called deferences and forbearances and enrolling them in repayment plans that cap their bills at a share of their income. "Student and parent borrowers are getting crushed," Johnson said. "It could be argued that we border on predatory."

Wanna fix the crisis? Mandate that colleges must allocate at least 3% of their endowments annually on scholarships for middle class kids. There are so many universities with billion dollar endowments that are never touched...much less spent on students.

Wow. Education pricing needs to be figured out.

This is why the government should get out of the student loan business. Guaranteed loans for worthless majors is a joke.

It’s not fair to those who worked hard and pay off their student loan.

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Canceling student-loan debt could have limited positive impact and introduce 'moral hazard' that would make the situation worse, Moody's warnsIf student loan debt were canceled, 'the magnitude of the stimulus would depend on the size of the debt relief and income level of the beneficiaries.' Moody's is worried about moral hazard?🤔😂😂😂😂😂😋😁😁😁😁. Where were they in 2008? ❤️Dearly Beloved❤️, do you know what great lessons can be learned from the true origin of humans? This book will help you discover more about the first human story in the Bible: $2.99 RT if you already downloaded it. Student debt should not be canceled.
Source: BusinessInsider - 🏆 729. / 51 Read more »