re: #17 Targetpractice

Even if you limit “the American people” to just adults 18+, 15% of the US adult population works out to roughly 39 million Americans carrying student debts.

Quick Google search says that the average student graduated last year with close to $30,000 in student loan debts. So let’s average that out at $10,000 because a lot of students have since begun paying off those debts. That is $390 billion in money that could be used to pull people up out of poverty that is going to a bank ledger instead.

Additionally, how does that 15% carrying student debt rate as the single most common debt? Is there another common thread running through the other 85% that the federal gov’t could forgive for those folks? Would it have the same impact? Is there something wrong with grabbing the low hanging fruit?

What about the prospect of student loan debt discouraging kids from attending college or getting a post-graduate degree? What about student loan debt discouraging graduates from entering certain professions because the pay does not able them service their debt?

I also haven’t heard anyone framing student loan forgiveness as THE number one problem, so the whole thing feels like a straw man set up from the jump.