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YESTERDAY'S POLL

How much student debt should the government cancel per borrower?

BEST COMMENTS

“ Up to $10k - I think only undergraduate debt should be cancelled, and the majority of people who accrued larger amounts of undergraduate debt are not destitute and have support networks they can use. In contrast, many of the smaller borrowers who would have their debt significantly reduced or wiped out by $10,000 forgiveness are severely struggling financially. Even speaking as someone with $30,000 in undergrad debt ($60,000 between me and my spouse), this feels more equitable and targeted.”

“ Up to $50k - If student loans are/were supposed to be an investment, why are interest rates locked? Why is over half the amount I owe interest? I have almost 9% interest, which when I got the loans was great, but now it would be considered criminal. The interest in my mortgage is lower. I can't even refinance them at today's student loan rates. ”

“ $0 - The problem isn't the debt. The problem lies in the rising costs that the government has provided to Higher Education through its various loan programs. We have all made our choices and it's time that we're all responsible for them. I have been paying my student loans back. For others who chose to spend huge sums of money without any prospects of an ROI - that is on them. ”