
Cancel the largest debt category?
Updated: Apr 28, 2020
I have been meaning to write on this topic for a while. I will most likely do a LinkedIn article but for now, let's just go over and say a few things.
Student Loans are the LARGEST debt category second only to Mortgages
They total around 1.7 Trillion dollars
Generally, they aren't considered predatory loans
Student Loans are considered for all intents and purposes "good debt"
Forgiving ALL Student Loans doesn't fix anything for the future- only past debt
The CURRENT Student Loan Forgiveness Program isn't broken- the PROCESS or execution is fundamentally flawed
There needs to be a REAL discussion about a comprehensive solution