Who would have ever thought all this talk about writing off student loans for the last 8 years, would lead to more people barely making the minimum payments.
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They aren't subsidizing tuition. They are protecting bank loans by denying bankruptcy protection to students and acting as a de facto collection arm of the banks. If the bank loans go away, tuition will drop. As will the absurd amount of "colleges" out there...
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If you win a car on a game show you have to pay the tax on it. If these people are forgiven a debt amount they should still have to pay the tax on the outstanding balance at the time of forgiveness. otherwise they are evading taxes.
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Anyone who knows a little about economics.
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Common sense says the "borrowers" took a bad deal. They should be seeking redress with their universities that apparently have failed them.
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Aaa... Me
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I've once heard tale of a fabled creature called "ekonimyst" who foretell such things. Alas, that is but a tale for children however.
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