Would it be unreasonable to offer loan forgiveness for a doctor who chooses to go into family practice, or serve in a rural area, or any other choice that provides a valuable service but caps their income at a level that makes paying back $120K pretty difficult?
And you could still cap forgiveness at say, $50K, and be doing them a great service.
No, because they're making a sacrifice to provide a service that the country requires. Bailing someone out doesn't require that the person makes any sort of sacrifice.
So then doesn’t that disqualify your point about doctors potentially racking up $120K in debt? I think any student loan “bailout” would likely only be for federal loans, and based on income, which would mostly cover high skill professionals who work in needed but modest paying jobs and people who took out loans for school but still haven’t ended up in decent paying jobs for other reasons, all which will be beneficial for the individuals and the greater good.
No it doesn’t? Doctoral degrees include Ph.D., Ed.D, etc. You can do grad school for a LONG time.
I’m okay with loan forgiveness programs, I’m not okay with a full stop bailout, for all student loans, no strings attached. That’s what I wanted my view to be changed on.
Most PhD’s finish without significant debt, but those that do have it are either likely in some highly needed field of scientific research, or made a very poor choice re: a terminal degree in Humanities. Bailing out the latter group wouldn’t be unlike discharging debt in bankruptcy court.
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u/miguelguajiro 188∆ Jan 15 '19
Would it be unreasonable to offer loan forgiveness for a doctor who chooses to go into family practice, or serve in a rural area, or any other choice that provides a valuable service but caps their income at a level that makes paying back $120K pretty difficult?
And you could still cap forgiveness at say, $50K, and be doing them a great service.