General Discussion
In reply to the discussion: Blanket student loan forgiveness is redistributing wealth upward [View all]Ms. Toad
(35,312 posts)that forgiving loans beyond that required to cover tuition at a state university benefits those who least need it - those who chose to go into significant debt to further their career opportunities (either by attending a private school or by seeking 2nd, 3rd, etc. degrees).
We should not be taxing those who scrimped and saved, sacrificed their standard of living, or skipped college altogether to pay off the massive educational debt of those who made, and who have benefitted from, expensive educational choices.
(Speaking as someone with 3 degrees - one from a fancy private school, two from state universities. I was aware at the time, and continue to be aware, that my choice to go to a private school for my first degree was a luxury. No one, outside of my family, should be asked to subsidize that choice.)