I love how you priced it lol. Can't wait to find out the total dollar amount that went unpaid as a result of this just to price it in Bitcoin years later
Seems incredibly unfair to those who paid back the debt early or abstained from higher education altogether.
Not only that, it puts current debt holders in a strange position. Do they act responsibly and pay off the loan quickly, knowing that there's a very real possibility their efforts are wasted if whole thing gets written off? Or do debt holders drag things out and make the minimum necessary payments and pray for a bailout, knowing that if the government never forgives the loan then they'll get screwed by the compounded interest?
How can it be cancelled? Was it paid by the government?
If so, then why not just make education free then?
It feels wrong that people that made an effort and paid the loan don't get the benefits, but people that took the loan without the ability to pay back are actually benefiting.
I love how you priced it lol. Can't wait to find out the total dollar amount that went unpaid as a result of this just to price it in Bitcoin years later
F to all people that just payed off their debt lol
What a kick in the teeth for people who worked hard not to take on student debt. This is just pandering for votes.
Can you imagine having just paid off your loan with hard earned money? It's infuriating
Nothing hard about that money :)
There's no mercy in this town, haha
No sir 😂
I feel like I should get 10k deposited to my account now. I didn't take out loans and avoided school that I couldn't afford.
💯
Seems incredibly unfair to those who paid back the debt early or abstained from higher education altogether.
Not only that, it puts current debt holders in a strange position. Do they act responsibly and pay off the loan quickly, knowing that there's a very real possibility their efforts are wasted if whole thing gets written off? Or do debt holders drag things out and make the minimum necessary payments and pray for a bailout, knowing that if the government never forgives the loan then they'll get screwed by the compounded interest?
Everyone considering taking on college loan debt was the massively incentivized towards taking on more debt.
Colleges are are now incentivized to raise tuition and offer more loans.
pay it forward? tell someone who owes u to not pay?
delete.me
What a clown world every day!
How can it be cancelled? Was it paid by the government?
If so, then why not just make education free then?
It feels wrong that people that made an effort and paid the loan don't get the benefits, but people that took the loan without the ability to pay back are actually benefiting.