Why There Is A Chance That The Supreme Court Could Uphold Student Loan Forgiveness - Above the Law
Why There Is A Chance That The Supreme Court Could Uphold Student Loan Forgiveness - Above the Law
The hardcore tribalists will vote for their party regardless of the outcome.
If they don't, there will be a heavy economic downturn. Whether you agree with student loans or not, the sudden return of monthly charges will be too much for millions of students to handle as they have already budgeted themselves based on student loan forgiveness and the student loan vacation. Defaults will certainly rise. Luxury purchases will go down. It will be an ugly winter.
It really shows how student debt is a shackle on an entire generation. I know most people are struggle without having to pay their monthly charges. With this long without any payments it really shows this amount of debt can be forgave without any real consequences.
Fingers crossed that this goes through. Most people I know have student loans and any relief would be useful. Even though for most people it will be a drop in the bucket.
$10,000 would actually eliminate debt for a lot of borrowers! IMO if $10,000 is a “drop in the bucket” you have a personal problem, not a political one.
My girlfriend is a Pell grant recipient so she would get $20,000, and that wipes out more than half her pharmacy school debt