The dark cloud of student debt
The dark cloud of student debt 0K0Qq
Student loan are taken out to be used in education expenses and many of young educated Americans are in debt. There are discussion weather the government should help people pay back their student loans or not. I believe forgiving student debt have more disadvantages than advantages.
Some people in a Facebook group like Cancel Student Loan Debt to Stimulate the Economy created by an attorney Robert Applebaum thinks forgiving student loan debt will increase the economy. This means they believe middle class Americans will spend more money as their student loan are pay off and government will have more money for better economy.
However, not everyone thinks it that way as the debt are too much. Brian Kumnick argues about how all lenders would be compensated. Critics also say
it is great if students loan are pay off but how can a government afford all the money to help all the people in the country who are in student loan debt.
Therefore, forgiving student loans seems impossible because of who will pay is unknown. Instead, there should be better options like school providing more scholarship to students or funding website to help student loans debt.
Student
loan
are taken
out to be
used
in education expenses and
many
of young educated Americans are in
debt
. There are
discussion
weather the
government
should
help
people
pay
back their
student
loans
or not. I believe forgiving
student
debt
have more disadvantages than advantages.
Some
people
in a Facebook group like Cancel
Student
Loan
Debt
to Stimulate the Economy created by an attorney Robert Applebaum
thinks
forgiving
student
loan
debt
will increase the economy. This means they believe middle
class
Americans will spend more money as their
student
loan
are
pay
off and
government
will have more money for better economy.
However
, not everyone
thinks
it that way as the
debt
are too much. Brian
Kumnick
argues about how all lenders would
be compensated
. Critics
also
say
it is great if
students
loan
are
pay
off
but
how can a
government
afford all the money to
help
all the
people
in the country who are in
student
loan
debt.
Therefore
, forgiving
student
loans
seems impossible
because
of who will
pay
is unknown.
Instead
, there should be better options like school providing more scholarship to
students
or funding website to
help
student
loans
debt
.
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