Loan “cancelation plan” would benefit the wealthy most
For the record some of us struggled to pay back our loans.
The real issue is easy access to student debt, which then inflates the cost of college, so that students end up having to borrow more and more. Until that racket is addressed, how does it help to forgive student debt?
(From The Washington Free Beacon)
Student-debt holders are on average well-off: More than half of debt is held by the top 40 percent of wage earners. Among Americans ages 25 to 40, half of debt is held by the top 40 percent of asset holders—meaning that the wealthiest young adults also have the most debt.
This article was originally posted here: https://www.ac2news.com/2020/11/loan-cancelation-plan-would-benefit-the-wealthy-most/.
