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Topic	Bernie Sanders to unveil plan to forgive over 1.5 Billion in Student Loan Debt
Dynalo 06/25/19 12:12:30 AM #49:	wolfy42 posted... If your average yearly income is under 30k forgive up to 50k in loans (and all interest), if it's 30-50k forgive up to 40k and all interest, if it's 50-80k forgive 10k (and all interest) and no forgiveness if your average income is over 80k. That would only help those who are desperate and were not able to find jobs that paid enough to get out of debt with. The issue with that is that it doesn't take cost of living into account. You can make 80k+ easily in Vancouver, Seattle, San Fran, etc. Places where an 80k household income would have you on the lower end of middle class. People living in a place where houses cost under 100k and they make 40-50k/year would be delighted about this. People in major cities would see no benefit. --- Assassins do it from behind. <cite>Dynalo posted [p:923805179] in Bernie San... [t:77815149]...</cite> <quote><cite>wolfy42 posted...</cite> <quote>If your average yearly income is under 30k forgive up to 50k in loans (and all interest), if it's 30-50k forgive up to 40k and all interest, if it's 50-80k forgive 10k (and all interest) and no forgiveness if your average income is over 80k. That would only help those who are desperate and were not able to find jobs that paid enough to get out of debt with.</quote> The issue with that is that it doesn't take cost of living into account. You can make 80k+ easily in Vancouver, Seattle, San Fran, etc. Places where an 80k household income would have you on the lower end of middle class. People living in a place where houses cost under 100k and they make 40-50k/year would be delighted about this. People in major cities would see no benefit. --- Assassins do it from behind.</quote> ... Copied to Clipboard!
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