this post was submitted on 05 Oct 2024
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I don’t know what proposals you’re looking at but you might look again. That wouldn’t happen.
Of course since we’re trying it piecemeal instead of systematically, there are many versions of this. But I see prerequisites like already being on income based repayment, ten years perfect record of repaying, up to $10k. There is no wealthy person fitting criteria like this nor would it write off any significant portion of private school tuition.
All I know is that my ex is still paying off her student loans as a teacher, decades after graduating. If we were still married, we shouldn’t/wouldn’t qualify, but as a teacher with limited income she should
I'm assuming your ex has paid in more than she initially owed, right? As my first statement in here was that someone like her, I'd be fine with debt wiping. I'm not ok with someone who racked up $150k in student loans, only made $25k worth of payments, and gets the other $125k wiped.
Right, but that’s the point - every proposal I’ve read would not wipe that high end debt. Every proposal is targeted toward struggling earners. Every proposal already does what you want.
In a similar vein, my state offers free college tuition! But is it a free bonanza for the wealthy? Not at all. It covers up to three years community college for everyone or four years at a public college or university, means tested. If your parents make a decent income or you want to go to a private university, that’s great for you but you have to pay for it as before