My wife had her federal loans forgiven as a public servant and it was quite welcome. Not sure how we are being played as we didn’t vote for him nor will we ever. Understand it has to come from somewhere but at the moment not having to make that payment every month is helping us…….
Good grief.
Let me simplify this.
Your situation was work for loan payoff. In essence you did pay it off. The program you took advantage of is IN NO WAY what joey and the thousand thieves are suggesting. They are talking about just giving students money for absolutely no reason and no obligation of service. Most of the "forgiveness" will go to master's degree and above.
Are you ok giving someone your tax money to get off scott free and having to nothing for it. You and your wife served ten years. Joey just wants to give it to them.
See the difference?
I paid mine off in 9 years because THAT WAS THE DEAL I SIGNED. It is also the deal EVERYONE ELSE with a student loan signed. It's a contractual obligation. When any politician gives you money, They are giving you TAX MONEY that has been collected from you and everyone else. They don't do this because they care about you. They do this to get your vote with the money they took from you in taxes.
THERE IS NO SUCH THING AS FREE MONEY.
Here's some math for you. 143.4 million taxpayers as of 2020. Total proposed cost of "forgiveness"- 400 billion. That means 2,791.00 more will have to be collected from every single tax payer to give someone with a masters degree a $20k credit on their student loan.