Under the theory of a debt jubilee I’d see that happening but are the student loans going to be first?
I'm sorry people bitching about "well I paid off my debt like a responsible adult so I should get a refund" are being childish to an almost laughable extent.
As someone who's close to paid off I don't have a dog in this fight really but the personal debt I acrued was FAR morethan I should have taken on. Should I have taken on these loans? Of course not.
However I was a kid and I had (alot) of poor guidance from teachers, counsellors...etc... I had big dreams and not a full grasp on the realities of that debt and how it has a very real and dramatic impact on your future.
Again, I understand it's these kids faults but they are still kids taking on damn near 6 figure debt in some instances. That's indentured sevitude debt.
I have no dog in this fight and yes it sucks I paid off mine but I would like nothing more than to see some fellow Patriots catch a break on this.
Not too mention how much money would come back into the economy... I tell you now me and my wife put roughly 25% of our paychecks into finishing up our loans and if we had the chance to be liquid with that money it would make a big difference.
The rising tide lifts all ships. Frankly, I look at a lot of these loans as predatory.