Student Loan Debt forgiveness is just wrong on so many levels and is nothing more than buying votes.  If this should ever happen it would do many things that would have a negative effect.

1.  First of all it would de-value the education that a person gets.  This means that a degree in Engineering or a law degree would be the same as a degree in "Women's Studies".

2.  It would drive the cost of "education" higher.  If the government (taxpayers) is paying for "education" then the cost will most certainly go up.  Colleges and Universities will most certainly raise tuition prices even further.

3.  It teaches young people that contracts don't mean anything.  I've signed many contracts over my lifetime.  Military service, loans for vehicles, mortgages, etc.  Each time I had to fulfill my obligation.  A student loan is no different.

4.  You then have the problem of do you compensate people that were responsible enough and worked hard enough to pay off their student loans?

The bottom line is this is just a vote buying scheme aimed at millennials and young people.

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