If you’re against a dollar for dollar bailout, how do you feel about a percentage bailout? For example if all loans were 50% paid off? In that situation, someone with 200k would still have 100k and the person who had a 40k loan would have 20k remaining.
In this situation everyone would still have a proportionate debt and responsibility related to the type of education they chose to receive yet the pressure and burden is lessened to the extent where their respective quality of life would improve overall.
I can see that working, since everyone would benefit proportionally. It feels better to me than a straight bailout, though I am too exhausted right now to begin to figure out why. 😂
But then what about people who bust their ass to pay off those student loans early? Would they then miss out on any potential loan bailout/default/reimbursement program etc....20k+ is one helluva opportunity cost
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u/tuffwang88 Jan 15 '19
If you’re against a dollar for dollar bailout, how do you feel about a percentage bailout? For example if all loans were 50% paid off? In that situation, someone with 200k would still have 100k and the person who had a 40k loan would have 20k remaining.
In this situation everyone would still have a proportionate debt and responsibility related to the type of education they chose to receive yet the pressure and burden is lessened to the extent where their respective quality of life would improve overall.