A majority of student loan borrowers who have not completed their degree say they have delayed at least one major life event due to their loan debt.
  • NOT_RICK@lemmy.worldEnglish
    29·
    1 year ago

    I know people that are annoyed about student loan forgiveness because “I paid my loans back, it’s not fair!” I point out that having a huge portion of our working age population saddled with a huge amount of debt is a drag on the economy. These people would be buying goods and services rather than having their money siphoned off to a bank each month. A strong economy benefits everyone. Forcing these people to pay for their entire lives only benefits the banks.

    • TonyOstrich@lemmy.world
      4·
      1 year ago

      I hate this mentality so much, they even have something much more valid to complain about too. Complain about the PPP loans that got forgiven.

    • catloaf@lemm.eeEnglish
      2·
      1 year ago

      Yup. I paid off my loans early. But college itself was delayed. I don’t forsee other financial life events like buying a house happening any time soon either.