People next to me in the hotel suggesting that Mackenzie Bezos give away her fortune to “wipe out” student loan debt. If she gave away ~half of her net worth ($18 billion) it would eliminate approximately 1.13% of outstanding student loan debt.
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There is no free lunch with regards to student loan debts; somebody needs to take a pretty enormous loss to get them down to historical levels.
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Curious how much of the student loan crisis is rooted in low wages that lead to inability to pay back loans. In addition to free tuition and living stipend, offer temporary loan help. Increase the ISA to compensate. Know it’s insanely more difficult than that, but doable?
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