Economic Stimulus
I was just alerted to his idea via my faceless friends on MetaFilter: there are a few movements out there that want to stimulate the U.S. economy by getting the government to forgive student loan debts.
I'm fortunate enough to not be carrying any debt--in large part thanks to my parents spending a truly absurd amount of money to pay off all my loans. But I know how much those loans should have been, and I know that I didn't pay nearly as much for graduate school as some. I think that the Huffington Post has an excellent point: while forgiving those loans may cost the government quite a bit of money, many of those loans teeter on the brink of defaulting anyway, and the amount of money they would then be spending on things other than loans could be like the stimulus package granted last year, only every 2 months or so (and without quite as much propensity to just save that money rather than spend it). In short: /signed.
I'm fortunate enough to not be carrying any debt--in large part thanks to my parents spending a truly absurd amount of money to pay off all my loans. But I know how much those loans should have been, and I know that I didn't pay nearly as much for graduate school as some. I think that the Huffington Post has an excellent point: while forgiving those loans may cost the government quite a bit of money, many of those loans teeter on the brink of defaulting anyway, and the amount of money they would then be spending on things other than loans could be like the stimulus package granted last year, only every 2 months or so (and without quite as much propensity to just save that money rather than spend it). In short: /signed.
Labels: politics
1 Comments:
Most definitely!
I could really do a lot with $500 extra dollars a month and that much value and more in less stress.
And just think how much more of my money could be spread around my local economy- more eating out, more movies, more road trips and fun weekends out.
Sadly, I don't think any of my loans are owned by the government anymore. I still pay through Sallie Mae (an extention of a government entity) but I believe I have been repackaged and refinanced right out of being able to take advantage of such a beautious offer should it ever be made.
But, an over-educated girl can dream, can't she? ^_~
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