Okay johnb974, I will be my normal polite self here. But you are opening yourself up for a poke in the eye. You state it's "forgiven debt." Who do you think is going to wipe out this debt? The loan processor? Nope. The college you attended? Nope. Student loan cancellation isn’t a magic wand that makes those loans disappear—they’ll have to be paid for somehow. But the question is: By whom? If the government were to forgive $10,000 in federal student loans per borrower, it’ll add hundreds of billions of dollars to the national deficit—and sooner or later the general public will have to foot the bill. Is that fair? Sounds like you didn't successfully complete ECON 101.
johnb974, may I call you John? Look John, I saw you posted a similar reply earlier and elected not to answer you. I'm still not going to answer your comment directly.
Clearly you do not understand the dynamics of the economy, taxation, and world politics. You come across as a high school student looking for a hand-out. Please ask your question directly to your teacher. Respond back here with THEIR reply. Thanks in advance!
If you went to college from the 90's and past, it's a different world. You cannot compare paying student loans from the 70's, 80's and 90's to today. Wages have dropped since than.
I guess I'm too young to know the answer to this, but I would like to see the documentation and support of the phrase "wages have dropped since then." I'm having a hard time wrapping my head around that and would just like some support of the comment, not just some opinions or one off examples.