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Joined 2 years ago
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Cake day: June 17th, 2023

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  • If you’re saying it was insufficient because it was “just” forgiving $10-20k per person, that’s never been true.

    There was also a lot about restructuring the repayment system. Cutting how much “discretionary income” borrowers owed every month, changing how “discretionary income” was calculated to make it more generous, loan forgiveness after 10 years instead of 20, removing monthly interest under income-driven repayment plans so the balance won’t grow because the borrower doesn’t make enough.

    The focus has been on the bulk forgiveness but all the other reforms are badly needed as well.