b_m_b_m_b_m Posted October 24, 2019 Share Posted October 24, 2019 Unless you guessed proposing massive student loan forgiveness (and I know you didn't) you're wrong Quote Johnson told The Wall Street Journal he reached his conclusion after watching climbing defaults and realizing that a majority of student debt will never be repaid. Indeed, five years into repayment, half of student loan borrowers haven’t paid even $1 toward their debt’s principal, according to the Education Department’s own data. And 40% of student loan borrowers could default by 2023, according to an analysis by the Brookings Institution. Quote Johnson proposes forgiving $50,000 in student debt for all borrowers, about $925 billion, according to the newspaper. For people who’ve already repaid their debt, he suggests offering them a $50,000 tax credit. The plan would be paid for with a 1% tax on corporate earnings. At the same time, Johnson announced he’d be running for an open Senate seat in Georgia. Quote Link to comment Share on other sites More sharing options...
Kal-El814 Posted October 24, 2019 Share Posted October 24, 2019 I guessed wrong. Quote Link to comment Share on other sites More sharing options...
marioandsonic Posted October 24, 2019 Share Posted October 24, 2019 As someone who is currently only paying off interest, I would be 100% okay with this. Obviously it won't happen, but a man can dream. Quote Link to comment Share on other sites More sharing options...
CastlevaniaNut18 Posted October 24, 2019 Share Posted October 24, 2019 I look back and wonder how much has stuff changed with student loans, because my husband I and paid off over $30k(mostly his)in the first year after graduating. This was in 2010. Quote Link to comment Share on other sites More sharing options...
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