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.

  1. Student Loans are the LARGEST debt category second only to Mortgages

  2. They total around 1.7 Trillion dollars

  3. Generally, they aren't considered predatory loans

  4. Student Loans are considered for all intents and purposes "good debt"

  5. Forgiving ALL Student Loans doesn't fix anything for the future- only past debt

  6. The CURRENT Student Loan Forgiveness Program isn't broken- the PROCESS or execution is fundamentally flawed

  7. There needs to be a REAL discussion about a comprehensive solution


Click the article below to read an argurment for cancellation.






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FSA is in the middle of an overhaul on the student loan process. Specifically with regard to services and forgiveness.